The merchants have to trust any which ways .. even banks ,,,
Yes, but banks are heavily regulated financial institutions and have a fiduciary responsibility toward their customers, so it is not quite the same thing. What kind of insurance or financial protection can you provide?
though they can transfer funds to any wallet where they want , bitcoin transfers was never a challenge for anyone unlike alt coin transfers.. moreover the basic intent is not to invest ..but to earn .. so merchants can start anywhere from possibly any lowest amount and eventually grow...
For merchants, the main reasons to accept Bitcoin are that it eliminates the need to deal with credit card companies and reduces their expenditures on transaction fees. This is a pretty big deal, since credit card companies charge merchants around 2-3% in order to run their transactions, and as you can imagine, small businesses with tight margins often have difficulty making this extra cost up in price savings. But perhaps the most compelling reason that businesses should start accepting cryptocurrency payments is so they do not have to rely on third-party payment providers. Instead of relying on companies like Visa and Mastercard, merchants can cut out the middleman and process payments directly with their customers. This not only saves them money but also gives them complete control over their business' security. But if a business accepts cryptocurrency through a third-party custodial wallet service, they are still at the mercy of that company. This means that if something goes wrong with the security of their crypto wallet, or the company goes out of business, it could affect their business as well.
Well just for the information, to generate and to receive bitcoin payments there is no charge , and more over anyone who is accepting #bitcoins ultimately will do 2 things , either sell it right away or keep the funds for future appreciations.. Coinbaazar Bitcoin Invoicing is actually providing a real solution for accepting bitcoin payments and with the receipts one can probably use it for their Taxation .. One can go global with bitcoin payments ... No setup cost .. No Fees for generating Invoice.. Can Include Tax.. Automatic Receipt after payment which includes all the whereabouts ..
