An increasing number of online businesses are now accepting Bitcoin and other cryptocurrencies, fuelled by a rise in demand for this new type of payment method. If you are looking to accept payments in cryptocurrency like many other businesses who have already done so, it is useful to learn how to go about Bitcoin payment gateway integration and more about the benefits of accepting bitcoin payments.
Advantages of Accepting Bitcoin Payments
There are many benefits that can be derived by offering your clients the facility to make a Bitcoin online payment. Not only will you be able to offer your existing clients an additional payment method, you will also be able to attract new clients. Therein lies the opportunity to boost your company financials.
There is also an added bonus in that accepting Bitcoin, and crypto payments in general, provides a secure payment mode accompanied by lower charges than other payment methods like credit cards.
In addition, cryptocurrency transactions cannot be reversed so once this has taken place, there is no way to back track. There are also no chargebacks, unlike other payment methods.
Bitcoin Payment Gateway Integration
To start accepting Bitcoin payments, you will need to integrate technology provided by a crypto payment processor. This will enable you to conduct crypto transactions and automate them as quickly and conveniently as possible. In this respect, blockchain technology allows for highly encrypted payments which are more secure, as well as cheaper, than other payment gateways.
The transaction process involves smart contracts which deal with every aspect of the payment including verification. Besides increasing transparency and improving security, smart contracts provide a safer and thus more reassuring experience for both parties involved in the process.
In order to integrate a payment method which accepts bitcoin, the most logical way to go about it is to use a dedicated Blockchain merchant API.
B2BinPay, is a well known player in this sphere with a crypto payment gateway that enables blockchain payments worldwide.
Accept Cryptocurrency Payments with B2BinPay
With B2BinPay, businesses can send, receive, store, exchange and accept cryptocurrency payments online, safely and securely at a lower cost.
B2BinPay is increasingly used by forex brokers, cryptocurrency exchanges, hedge funds, online stores and other merchants, as one of the leading solutions for global crypto/crypto and crypto/fiat transactions for a much lower cost than the usual online payment gateways.
Accepting Bitcoin and other cryptos is very straightforward for merchants who can reap the benefits of a multitude of features such as no recurring fees or hidden charges, low processing fees, downloadable reports, real time balance and transaction history and secure checkout.
Enterprise clients also reap the benefits of a highly secure, reliable and scalable wallet with features including automatic withdrawals, secure API and sandbox environment for development team, 888+ coins and tokens supported, advanced real-time reports and 24/7 technical support in 6 languages.
You can start accepting all the leading cryptocurrencies with B2BinPay today! These include bitcoin, bitcoin cash, ethereum, litecoin, dash, ripple, neo, nem, monero, B2BX and any ERC20 token. You can also access advanced reports with full transaction history, secure API, two payment modes: instant and daily payouts and 24/7 technical support in Chinese, English, Spanish, Russian, Arabic and Greek.