How To Set Your Business Up To Accept Bitcoin

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bitcoin rises in value


Whatever the size of your business, it makes sense to make it as easy as possible for customers to spend money with you. People often make last-minute or knee-jerk purchases and if the process is complicated they might rethink their decision and you’ve lost a sale.

Not only that, as a business that wants to offer great customer service, it is essential that your customer finds the whole process user-friendly, as this will make it much more likely that they’ll come back to you and spend money again.

Industries That Are Using Bitcoin

Lots of places where customers make financial transactions are using Bitcoin as a way for their customers to spend money with them. Online casinos such as theladycrypto, gaming websites and even cafes are keeping up with customer demand and adapting how they accept payment. They want customers to be able to play slot games easily or purchase a cup of coffee without any hassle.

Accepting Bitcoin

As a business owner, you should consider Bitcoin as a payment method, especially as setting up your business to accept payment this way doesn’t need to be a hassle. If you wish to accept payments online via Bitcoin then you need to find an e-commerce set up that accepts this. Then you can set up a Bitcoin cash payment gateway on your website and this will allow you to take payments via Bitcoin using a QR code generated by your payment gateway for your site.

If you have a physical store and want to accept payment via Bitcoin, you can download a point of sale app onto any tablets or smartphones and people can use this to make payment. You simply enter how much is owed (in your local currency), a Bitcoin total is created alongside a QR code and the purchaser uses this to make payment

The great thing about accepting Bitcoin transactions is that generally, the funds reach you much quicker than if your customers were paying via standard credit or debit cards. If you have a digital wallet set up to accept payment in Bitcoin this reaches you immediately. It will reach you the next day if you have requested it is converted into your local currency and deposited into your bank.

Other methods worth investigating are peer to peer payment systems and installing a physical POS Bitcoin terminal. These all have their own costs involved so you’ll need to do your own investigations to conclude whether they’re likely to work for you and your business.

What Are The Benefits?

Bitcoin is fast becoming a more recognised currency which means that if you’re not accepting Bitcoin payments you could fast be left behind. The great thing about Bitcoin is that a lot of the transactions have no fees and the ones that do are around 1%, much less than 3% charged by lots of e-commerce platforms. It’s also a worldwide used currency so you’re not alienating anyone but not having their currency available for them to shop with.





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