Topic: [2017-02-03] Accepting Bitcoin is Easy and Opens Businesses to New Customers (Read 203 times)

News Bitcoin - Accepting Bitcoin is Easy and Opens Businesses to New Customers

Bitcoin use worldwide has become widespread, and many are using the cryptocurrency for daily transactions. Because Bitcoin is gaining more acceptance online businesses may be enticed to accept the digital asset at their stores. Adding Bitcoin as a payment for services and goods opens the business to a whole new group of customers. Furthermore, the cryptocurrency has much smaller fees than traditional credit card networks, and is a decentralized currency for the people rather than funds issued by governments or corporations.

The first thing a merchant should do when planning on accepting bitcoin at their online store is figure out how they’d like to process the cryptocurrency. Store owners should get a Bitcoin wallet and first figure out the logistics of transacting with the currency. If the ecommerce website doesn’t have an integrated shopping cart system and sales are processed manually, store owners can accept Bitcoin right away. All a merchant has to do is use their wallet address to accept the currency and place a “Bitcoin Accepted Here” banner on the website. A merchant can then put a QR code on the website for customers to scan and start accepting Bitcoin instantly. This is probably the simplest way a merchant can accept Bitcoin without integrating a payment gateway.

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