As a merchant, you will love Bitcoin for these beneficial aspects:
Reduced Risks
No Chargebacks! The Bitcoins you receive cannot be refunded, revoked, or reversed without your explicit direction virtually eliminating fraud.
Reduced Hassle
Because transactions are not reversible, you have no compliance requirements for storing PII (Personally Identifiable Information), and thus, reducing Identity Theft.
Lower Fees
Bitcoin transactions cost much less than typical payment options. There are no startup fees or special equipment to purchase. Visa payment processors may charge as much as 3-4% of the total transaction. Receiving Bitcoins actually costs you nothing as the transaction fees are actually paid by the consumer. A Bitcoin payment processor may charge up to 1% of your transaction but covers the cost of converting your earnings to a fiat currency and bank transfer.
Global Reach
Using Bitcoin, you can accept payment from ANY country. Using standard payment methods, you are restricted from accepting payments from areas rife with fraud. But because transactions are non-reversible, this restriction does not apply. You are guaranteed to receive your Bitcoins from anyone, anywhere in the world.
Bitcoin Payment Processors
Small merchants might have the option to simply use the free, standard Bitcoin wallet solutions to accept Bitcoin as payment for their products and services. But as your business grows, a Point-Of-Sale system may be required to manage your orders, inventory, and other accounting requirements. For those merchants, we are currently recommending these payment processors that are helping lead the Bitcoin industry with their innovation:
 |
 |