Why Your Service Have To Start Accepting Bitcoin Payments Now While numerous services have already signed up with the Bitcoin transformation by accepting crypto payments, lots of are still reluctant to make the jump.
They are afraid that with Bitcoin’s volatility, they might end up essentially giving their service or products free of charge. Exactly what this implies is that they believe they are going to get shortchanged if the rate in bitcoin drops and would, for that reason, lose all their earnings. But this is never the case! In this post, you’ll find out precisely why you should not lose out on accepting bitcoin payments.
1– Instant Bitcoin Conversion – Bitcoin’s volatility is a service owner’s most significant issue. But with payment gateways like BitPay and Coinbase, you can easily bypass Bitcoin’s volatility. These services will immediately convert your bitcoin payments into your local currency which you’ll get in your savings account the following business day. This indicates that if your customer paid you $100 worth of bitcoins, then you’re going to get precisely $100 in your bank account.
2 – No Chargebacks. Ever. One of the most common things company owner hate with credit card payments is the really genuine hazard of receiving a chargeback. Some customers are simply fickle-minded and deceitful. They would file chargebacks for the tiniest reasons like they’re not delighted with the color they got, or they was sorry for the purchase, or something similar. However with bitcoin payments, you don’t need to worry about chargebacks because all bitcoin transactions, as soon as verified by the Bitcoin network, are final and permanent. This implies those bitcoins you’ve gotten are yours (unless naturally, you chose to have them instantly transformed to dollars).
3– No Costly Processing Fees Charge card are widely accepted worldwide, and merchants like receiving payments from anyone with a legitimate card. While charge card are convenient, there are costs that merchants have to pay. Credit card charges can range anywhere from 3% to 4% per transaction plus another couple of cents for each transaction made. If you receive card payments from 99% of your consumers, you’re basically paying a small fortune in credit card fees!
With crypto payments, the transaction costs you need to pay are no place near exactly what you pay the charge card business. In truth, the costs are almost minimal as they basically boil down to simply a couple of thousand Satoshis (1 Satoshi = 0.00000001 bitcoin) or a few cents!
Start accepting BTC and other currencies NOW! Sign up at Coinpayments and start selling your products or services for Bitcoin and many other currencies with just a few clicks!