You can safely use any of these gateways, each of which provides quality service proven by thousands of merchants. We hope this article will be useful to all merchants who are thinking of starting to accept Bitcoin, and other popular cryptocurrencies.
You can safely use any of these gateways, each of which provides quality service proven by thousands of merchants. We hope this article will be useful to all merchants who are thinking of starting to accept Bitcoin, Ethereum, Litecoin and other popular cryptocurrencies.
Have you ever wondered how you can accept credit or debit card payments without a merchant account? Well, that is possible with a third-party payment processing. Unlike standard merchant account providers, third-party processors have simple processes, flexible conditions, and they accept high-risk merchants. In this article, you’ll learn more about these payment processors and whether you should use one.
Third-Party Payment Processing
Third-party payment processing allows you – as an entrepreneur or a business owner – to accept payments online without having to first set up your own merchant account. Whether selecting a third-party processor is good or not for your business depends on the volume and type of transactions you anticipate to process in a single day.
What Is Third-Party Payment Processing?
Online payments are easy and simple. The eCommerce platform is there to cater for shopping, payment gateway – to process your payments and a merchant account – to accept the cash. But what would happen if you did away with the merchant account section? Would you go on with the online payments process? You can though you will require something known as a third –party payment processor. What is third-party payment processing? Let us get into details. A third-party processor refers to a service that allows you to accept online payments even if you don’t own a merchant account. In its place, the 3rd party processor will let you use their merchant account. Therefore, you’ll have one service to process the payment as well as collect the money as opposed to having two different ones. That sounds great, right? Well, it surely does. But remember not all that glitters is gold. And here arises the question of whether you need to use a third-party payment processor.
Do You Need To Use A Third-Party Payment Processor?
Third-party payment processors are highly popular with start-ups and online sellers. This is because they’re extremely flexible, cheap and quick. Here are some of the benefits you’ll reap:
Simplicity: the top advantage of using a third-party processor is simplicity. You’ll get one easy service that combines both the merchant account and payment gateway.
Time: Third-party processor options take less time to start and conclude compared to a mix-and-match choice.
Flexibility: Since third-party processors do not have long-term contracts, you can easily end your service, anytime.
Risk appetite: flexibility and risk appetite goes hand in hand. Third-party processors have the likelihoods of accepting risk merchants compared to merchant acquirers who provide their merchant accounts.
So, you have high chances of being accepted especially with little documentation that you should submit. Even though third-party payment processors have all these benefits, their transaction fees might be higher than you’d expect. Likewise, they have the potential to underrate your professional identity. Moreover, they need you to surrender control to your provider. So, third-party payment processors, as appealing as they are, they would not be suitable for every business. On the contrary, you should go the traditional payment gateway and set up a merchant account. Doing so will help your business to scale.
Third Party Payment Processors Examples
There are hundreds, if not thousands, of third-party payment processors on the market. They range from established ones such as Amazon Pay and PayPal to small ones like Nochex. The best, most suitable service will depend on your needs. Here are some of the requirements for a payment processor:
Integration: which eCommerce platform are you using? Is it Bigcommerce, Shopify or Magento? Either way, you should select a third party payment processor that works with your business eCommerce platform.
Brand recognition: the pages for third-party processors are branded with their own branding. This will give you a chance to reflect on the message it portrays. Popular brands can improve brand authority while less popular ones can challenge your trust.
Costs: third-party processors have huge differences in cost. Likewise, different tiers differ for each processor. A low tier on Amazon Pay requires you to pay 3.4 percent on each transaction, while a top tier requires 1.4 percent. This is extremely high compared to having a merchant account where SMEs pay 0.3% on debit cards and 0.7% on credit cards.
After considering these vital points, here are some examples of third-party processors:
PayPal. PayPal is a solid option for merchants searching for a low-volume third party processor. Their prices are budget-friendly. Besides, it covers over 200 countries with 26 different currencies. Users can integrate PayPal checkouts on their sites, process payments online via a reader, app or browser. Then they can extend credit to their customers.
Stripe. Even though you can find a payment processor that fits every need for different customers, Stripe gets close to that. It is a customizable solution. Are you a developer who can tinker with the processor’s APIs to form a product suitable to your needs? If so, the Stripe is your processor. With Stripe you can accept bitcoin, debit card, and credit card payments from over 130 currencies. Additionally, the billing is flexible.
Banking For Third Party Payment Processors
Banking solutions for third-party payment processors are built for those companies with:
high transaction volumes
enhanced cash management requirements, and
high account balances every month
With the help of a banking specialist, they will analyze your current transactions. And then they will illustrate the amount your processing company would save if they switched to their competitive financial services. These banking services for third-party processors suit companies with huge quantities of:
Sales tax transactions
ACH (Automated Clearing House) transactions
Payroll transactions like garnishments and taxes
Some banks offer cash management services and products that can be maneuvered to suit financial requirements of third-party processors. That applies if the processor meets the above transaction requirement.
The Bottom Line
For any entrepreneur or business owner with a high volume of payments and more account control, a third-party payment processor would be suitable for them. Alternatively, those with low volume and sporadic processing can go with an aggregator-style provider. Basically, your choice depends on your needs. Are you searching for simplicity and freedom? If so, a mobile credit/debit card processor is ideal. Furthermore, this industry is expanding. So their services will improve alongside added options in the coming years. Should you have more questions about third-party payment providers, don’t hesitate to contact us. Here at PaySpace, we know all the ins and outs of the payment processing.
Mt. Baker Vapor is now accepting Bitcoin - 5% off all Bitcoin orders until 9am next Saturday!
It is with great excitement that Mt. Baker Vapor would like to announce our acceptance of Bitcoin digital currency as a payment option at MtBakerVapor.com. We have received a number of customer inquiries over the years asking for us to take Bitcoin and, after a discussion of the benefits, we have decided to make it a possibility on our online store via CoinBeyond’s BigCommerce integration. In celebration of this announcement, we would also like to offer 5% off all Bitcoin purchases starting today (8/1) at 9am PST and ending next Saturday (8/8) at 9am PST. We will also be implementing a permanent 10% off coupon code for use at any time on our website: Bitcoin10. For more information, please check out our dedicated Mt. Baker Vapor Bitcoin info page and our blog announcement. Vape on! /Bitcoin Post
I am going to start an online store and I can't decide what's best for me. I started a trial on both services and they look pretty much the same. BigCommerce claims that they have some of Shopium's paid services for free. My monthly budget is around 60-80 a month. I want to have full stadistics about my page, and that type of stuff. I also want to accept bitcoins. Tell me about your experiences, what perks you habe that you can't get on the other service, why did you chose your service provider over other ones, and how it fits your specific needs.
A whisky wager sent me down the path of accepting bitcoin as payment
Hey guys, two friends of mine that use bitcoin wagered a "moderately priced bottle of whisky" that if I started to accept the currency, I would sell a certain amount of my product called the Kashtray. They said I should post the deal here: http://www.kashtray.com/bitcoin-specials/ More importantly, I wanted to share my experience with signing up to accept bitcoin on my website. My website uses BigCommerce, which I researched and read that only BIPS could be integrated with it. I went to BIPS, which has apparently been bought by Coinify. Despite there being a BigCommerce logo on the front page of Coinify, there wasn't this integration option after I signed up. I called Coinify and a person answered the phone, which was awesome and they said the BigCommerce had made a few technical changes that wouldn't allow bitcoin payment support, and that they would take down the logo from their homepage. Then I tried Bitpay, which also doesn't support BigCommerce. So I used their "hosted catalog" option. This is very limited in scope as it wouldn't allow me to limit shipping by country of people making purchases. Also Bitpay doesn't have a phone number for support unless you pay for one of the packages, which for people just starting out would be pretty nice. Anyways, I got up what I believe to be a functioning page that will allow people to make purchases with bitcoin. I was impressed with how simple and quick it was to sign-up for both Coinify and Bitpay, but a bit discouraged by the roadblocks to integrate it into my site and the lack of support from Bitpay. I'm excited to be a merchant of bitcoin now and see how this works!
It is with great excitement that Mt. Baker Vapor would like to announce our acceptance of Bitcoin as a payment option at MtBakerVapor.com. We have received a number of customer inquiries over the years asking for us to take Bitcoin and, after a discussion of the benefits, we have decided to make it a possibility on our online store via CoinBeyond’s BigCommerce integration. With this integration we are glad to be adding an innovative, secure, and convenient option to our current payment offerings. Customer satisfaction has always been our top priority so giving you, the consumer, more options just makes sense. We have been watching developments in the Bitcoin industry and are confident in the security and reliability of the technology as a promising e-commerce solution. We are happy to be offering the latest in convenient payment solutions but are also pleased to be supporting an innovative new idea. As leaders in the world of vaping, we recognize a promising new technology when we see it. Bitcoin has the ability to change the way the world makes payments by eliminating the need for a trusted third party in e-commerce. This is similar to how we hope vaping can eliminate the need for combustible cigarettes. Hopefully, our two industries can grow together. In celebration of this announcement, we would also like to offer 5% off all Bitcoin purchases starting today (8/1) at 9am PST and ending next Saturday (8/8) at 9am PST. We will also be implementing a permanent 10% off coupon code for use at any time on our website: Bitcoin10. While we appreciate the opportunity Bitcoin provides by allowing our customers an efficient method of online payment, at this moment the digital currency is too volatile to use as a store of value for all of our business assets. Because of this, 85% of all revenue generated by Bitcoin purchases will be converted to USD at the point of sale. However, we will hold 15% of revenue generated by Bitcoin, in Bitcoin. Please note, there will be some differences between paying with Bitcoin and using traditional options. All orders with Bitcoin will be considered final and Mt. Baker Vapor store credit will be the only option available for returns. We will not be able to refund, change, or cancel any or all of your Bitcoin order once completed so please double-check your shopping cart before completing the checkout. While we would love to be able to process Bitcoin returns like all others, at this time the nature of the system makes it difficult. It is, however, something we will consider in the future. For more information, please check out our dedicated Mt. Baker Vapor Bitcoin info page. If you have any questions concerning the integration or have any suggestions, please feel free to reach out to [email protected]. We’re glad to join the community of Bitcoin accepting businesses and look forward to helping develop a symbiotic relationship between the vaping and digital currency industries.
Here Is a Summary of the Most Popular Payment Gateway Solutions
We recently posted a question about what payment gateways you used and why (you can see that Q here ), and wanted to follow up with a summary of some of the most popular ones out there should you be looking to compare solutions: Braintree Braintree has become a competitive payment gateway since its launch in 2010. Eventually getting acquired by PayPal, Braintree now operates as a “PayPal Company” and could be one of the most progressive movers in the payment industry. They accept payments from PayPal, Apple Pay, Android Pay, Venmo, and even Coinbase (bitcoin)! And, of course, they process traditional online payments as well. What’s notable about the company is their expansion into alternative payment methods. If your target demographic purchases through one of these alternative methods, you might consider Braintree as your payment gateway. Supported Platforms: Bigcommerce, Magento, Spree Commerce, WooCommerce, Shopify (See other integrations here ) Processing Rates
Contract There are no contract requirements with Braintree, and you get to take all of your customer data with you for free! Clients: Bonobos, Airbnb, Uber, Casper, and more Stripe (what we prefer to develop with) Stripe began with a simple purpose: make it simple for businesses to do business online. They have a bit of a different appeal in that they build for developers, not merchants. This is an interesting approach for the company and shows their true vision is in the future. By listening to and working with developers first, the company can be on the forefront of building progressive payment solutions. This was the case with their recent launch of Relay for Stripe. If it is important for your company to be on top of capturing sales in a “non-traditional way” (through a third-party app, via marketplace, through subscriptions), then Stripe could be the right solution for you. Supported Platforms: Bigcommerce, Shopify, WooCommerce, Magento, Spree Commerce (see other integrations here ) Processing Rates
$49 – Setup Fee
$25 – Monthly Gateway Fee
2.9% + $0.30
$25 chargeback fee
Contract Authorize.Net has a month-to-month option with no early termination fees, but if you choose to go through a reseller, you may encounter a contract and termination fees. Here is a detailed list of the “fine print” of their services agreement. PayPal The name “PayPal” is synonymous with online payments because they spearheaded the movement back in the late 90s – and they’re still going strong today. As mentioned above, they’ve acquired Braintree and now have that and Venmo under their belt. PayPal has also since separated from eBay, so they are one powerful and progressive entity on their own. PayPal is a great alternative or “back up” solution to any other gateway solution you may have on your site. You can, of course, use it as your sole solution, but many brands have it as an alternative choice at checkout. Why? It’s a time saver and an alternative to people who do not wish to dole out their credit card info to every retailer they are purchasing from. With over 165 million users it’s definitely a trusted platform, and chances are a good portion of your demographic has a PayPal account. This could be a good “backup” gateway for you to implement and do some A/B testing on your checkout experience. It could be the difference in making or losing a sale. Supported Platforms: ALL. Since PayPal usually redirects to its own site, no platform integration is necessary. If you want to integrate with PayPal Express, the redirect is skipped entirely and the necessary information is provided by the Express API. Processing Rates
2.9% + $0.30 per transaction (with option for volume discounts)
Contract Paypal does not have a contract obligation and you can cancel at any time. You do have to comply with the PayPal user agreement which you can read in full here. Clients: You can see an exhaustive list of PayPal’s store directory here. Amazon Payments Amazon Payments launched in 2007 with the goal of providing users the same checkout experience they recieve from Amazon.com on other sites. Like PayPal, your customers’ transaction(s) can be conducted through Amazon Payments without leaving your website (conducted “inline”). A plus about Amazon Payments is that your customers can have access to their 1-click shipping options, which is a feature of the Amazon.com checkout that highly increases conversions. If your customer base shops on Amazon, introducing this feature could greatly speed up your checkout process and, therefore, increase conversions. Supported Platforms: Magento, Shopify, WooCommerce, Volusion (see other integrations here ) Processing Rates
Contracts Amazon Payments does not operate on a contract and you can cancel your account anytime. Read more about cancellation here. Clients: Patagonia, Jockey, Honest.Co, Blick, and more Orbital Payment Gateway by Chase Paymentech Chase is quite a big name to be moving in the payment gateway space. Naturally, it comes with pros and cons. One of the pros of choosing Orbital Gateway as your solution is that you may be able to get a much lower processing rate than offered by any company listed here (more on that below). The main con stems from dealing with such a large entity. When companies are this large, they have problems maintaining customer service and providing a high quality product. Don’t expect the level of customer service from Chase that you’d get from PayPal. So, the processing rate is attractive, but it comes at a cost. Additionally, reviews of this gateway show that Orbital is very good at tailoring their pricing to the business versus a flat-rate for all types. If you are looking to lower your cost on processing rates, Orbital may be the right solution for you. This solution has, however, racked up a lot of negative reviews. Supported Platforms: Magento, Shopify, WooCommerce Processing Rates
1.65% + $.25 per transaction with your existing equipment
Contract Orbital Gateway has now moved away from a contract agreement (though if you purchase through a reseller you may still encounter this) and is now on a monthly model. However, if you sign up to receive equipment from Orbital, you will probably encounter a 24-month service agreement. World Pay Another one of the original online payment providers, WorldPay started processing online payments in 1994. They are a global solution and have over 150,000 clients in the U.S. alone. However, because they are such a large company their customer service suffers. Additionally, there may be some cancellation fees depending on what your WorldPay rep sets you up with in the beginning (more on that below). WorldPay is attractive in its lower rates, but it seems to be laced with fees and charges. Like Orbital, if you are looking for a lower processing rate, this gateway could be the right solution for you – but it’s going to come with a tradeoff. Overall, this solution seems outdated in both interface and pricing model. Our advice would be to read as many reviews as possible before using this solution. Supported Platforms: BigCommerce, Magento, Spree Commerce, Shopify, WooCommerce Processing Rates
Signature debit transactions at 0.99%
Standard credit transactions at 1.99%
Rewards credit transactions at 2.6%
Corporate/T&E/Keyed-In credit transactions at 3.30%
$0.20 per-transaction fee
All of this is on a “limited offer”
PCI compliance fee
Contract With WorldPay, you have a contract of 3 years. Should you choose to cancel early, your fees can be anywhere from $95 – $295. You can read more about their contracts and cancellation fees here, and also take a look at the actual Terms & Conditions on their site. That wraps it up! Thanks to the users who gave feedback in the original question - your insight helps so much. Especially from a developer's perspective as many people in this sub are owners/biz devs so it helps to have the technical perspective.
Anyone interested in Bitcoin payment processing on BC?
BC is behind the curve on adopting a payment method that supports Bitcoin. Please check out this post in their forum: https://forum.bigcommerce.com/s/ideas#08713000000iuzHAAQ Before moving to BC my company used to accept Bitcoin and had a great experience with it - our largest ever retail transaction was paid for with Bitcoin, using BitPay, the portion we converted to dollars arrived in our account faster than any of our other payment methods (Coinbase was comparable to PayPal in that respect if I remember correctly), the fees are very low (lowest of all our payment methods, and the network transaction fee is paid by the user), and there IS NO POTENTIAL FOR FRAUD. We could ship anywhere in the world because we didn't have to worry about a chargeback or other claim. Someone wants to buy from us and ship to Nigeria? No problem. Bitcoin is bigger than ever now, and growing fast - lots of development happening in that space, user adoption climbing quickly, and the price is climbing. If this is something you'd like to see, please consider throwing some points at it and leaving a comment.
Bitcoin through Chainpay.com - Oliver Pluff & Co. Tea and Coffee
Hello, we’re Oliver Pluff & Company. It’s taken us a year to find the right solution for bitcoin acceptance. We are hosting our ecommerce through Bigcommerce, which seems to be disallowing bitcoin integrations for the major bitcoin services. We finally found a solution with Chainpay, a startup bitcoin service based on the Isle of Man. About Oliver Pluff & Co. We create Early American teas, Southern Iced Teas, Colonial Coffees, and Old English Wassail blends. Our company is family-owned, and we have been in business for 5 years. All of our products are hand-packaged upon order. Coffees are fresh roasted on order. We are based in Charleston, South Carolina and we ship internationally. Bitcoin 25% Off We would like to encourage Redditors to make a purchase with bitcoin and provide us feedback on your experience. Visit us at www.oliverpluff.com. We are offering 25% off for bitcoin purchases through April 30 by redeeming Coupon Code: Bitcoin25.
Mt Baker Vapor Bitcoin orders are up and running again. To celebrate we're offering an automatic 10% off all Bitcoin orders.
At Mt Baker Vapor we began accepting BTC for orders back in August with the help of CoinBeyond. They figured out a way to integrate Coinbase payment processing with our BigCommerce store in a way that was previously impossible. We were happy to start accepting bitcoin, and our customers who had previously asked for the option were grateful as well. Everything was going fine until we came in one day in early November to find that our processing wasn't working. After looking into the issue, it turns out that Coinbase had shut down our account without notice. After numerous emails trying to figure out the situation, they finally gave us the explanation that "their bank doesn't feel comfortable with e-cig companies." So, PSA to any other vaping related companies using Coinbase: beware. Luckily the great people at CoinBeyond were once again up to the challenge and were able to set us up with a BitPay account. After a bit of downtime, our bitcoin processing is back up and we are offering an automatic 10% discount to all bitcoin-paying customers. This promo will end December 13th at 11:59 pm PST. Simply select to pay with Bitcoin at the checkout page and 10% will be taken off your final order price. Keep in mind that you can also use promo codes on top of this discount. If you use promo code Bitcoin10 you will gain another 10% off. This promo code will always be available.
just integrated BIPS with BigCommerce. My thoughts
I want to start accepting btc at my online store so I decided to test it out by creating a temp store on bigcommerce and an account on bips.me The setup was easy. You basically set it up as a bank deposit option https://helpdesk.bips.me/index.php?/Knowledgebase/Article/View/1/0/how-do-i-integrate-my-bigcommerce-store-with-bips When you go to check out you get a choices of how you want to pay (credit card, Bitcoin etc..) if the customer picks bitcoin they go ahead and place the order. On the order confirmation page it says: "Your order was sent to us but requires payment before it can be completed. Instructions to pay for your order are shown below:" then there is a window with a button to pay with your btc client, a a btc amount and a btc address. here is a screen grab https://store-vlg0odyk.mybigcommerce.com/product_images/uploaded_images/bitcoin-checkout.jpg here is what I don't like: the order on big commerce is marked "awaiting payment" even after the bitcoin transaction has been confirmed by bips. The admin has to update the order manually which sucks the bitcoin amount due does not show up on the order or invoice on the bips website it shows your btc transactions but does not associate with order numbers you just see amounts. so the admin has no idea who paid or not... AND the admin wouldn't even know the bitcoin amount charged to even look for on the transaction list.. it's just dates and amounts. If the customer lets the payment info page to time out it just says. Invoice expired please do not send anymore payments to this address.... BUT that order is still in your Q on bigcommerce showing awaiting payment... and the customer has no way of sending payment cause it's not on their invoice or order.. So bottom line it does work but it's not really setup for any real business to use What I would like: payment address and qr code and amount in BTC due on the emailed invoice. bitcoin info shown n the order in bigcommerce... not just payment: bitcoin order updated as received / paid automatically when it's confirmed by the network. order numbers associated with transactions on bips I really want to accept bitcoin with my bigcommerce store but it looks like this is a no go so far... any thoughts or suggestions would be great
Is BIPS.me the best way to accept bitcoin with Bigcommerce?
I use Bigcommerce and I want to start accepting bitcoin. I was going to use coinbase or bitpay but I want something that can integrate with bigcommerce. I did a search on bips and all I saw was how bitcoins got stolen last year.
My mom sent me a link about bitcoin - and I responded...
So I woke up today, finding an email in my inbox from my mom. Subject line: bitcoin bubble burst. with the following link http://www.youtube.com/watch?v=473im7hKMG8 with nothing else was written. The video is from Dec 18th, I believe. She knows I'm interested in bitcoin, as I was really into the idea of arbitrage, and sending money to China for some quick profits - sadly that idea fell through before I could get verified with exchanges but I only really looked into what BTC was when it hit $500/BTC in November. I showed this idea to my dad, and he was in on the idea with me - he was like, "sounds like an alright idea to me, can I give you $6k to do this and we'll make some coin?" :) but it never materialized :( Just to give you some quick background, my dad operates a business which also has an online operation. I removed the name, and also am using a throwaway - I don't really want to attract attention to myself, my family or business but really want to show y'all, and see if I did it right. After receiving this email, I wanted to really tell my mom not to be such a doubter. and wrote her the following:
This is really old news now. On dec 18, the price if btc was $550usd. From a previous high of about $1200 maybe a week earlier. The video is not wrong in the hypothesis that it was probably the chinese government "shutting off" the new deposits into bitcoin. But they did not outright ban it. What happened is they declared that it's not a currency and that means that financial institutions were barred from dealing and accepting bitcoin - which was nothing really new. What actually happened is the government said that now third party money processors like paypal , alipay and tenpay which is popular in the online ecommerce space are barred from clearing deposits effectively shutting that down But if you know anything about chinese people, they always find a way around the law. And it's become evident that deposits are still possible and are still happening. The current method I believe is to purchase a voucher at a physical location like a store which can be redeemed for face value at the website and withdraws are done directly into your bank account. So therefore the government basically disrupted bitcoin for about 2 weeks The price right now is hovering at about $828usd. And has been as high as $925 in the past week. So there is no doubt that it's very volatile in price. But I would not characterize this as a bubble burst but probably a correction. There is still some relative stability in the price compared to it's crazy run up in price from April until December however. The history of bitcoin has shown that it's some this pattern of behaviour a few times already. It runs up in piece 4-5x then pops, losing up to half it's value or more and remains stable for a period of time. Then sole financial crisis hits and people pile into btc and run the price up. The benefit to btc is not the speculative nature of it, unless you are a speculator... It's the fact that you can send a store value of money digitally without an intermediary in the way like paypal or a bank. For the xxxxxxx store, it could benefit by adopting a bitcoin payment processor (which already exists called bitpay) as a plug in into big commerce (the current ecommerce platform for the store). For example, The price of a router is $100usd, bitpay will automatically adjust the btc price to match the current worldwide price in usd terms. A customer makes a purchase in btc and the coin then is instantly converted to $100 usd effectively removing the exchange rate risk. This cost 1% fee or $30 a month subscription at 0% fee. The transaction is instant and is irreversible meaning no chargebacks or holds are possible from the credit card company or bank. Compare this with paypal - they will charge you a 30c flat fee and also then charge you another 2.6% fee (could be less or more bit it's within this range) as well. Last d spoke to me, The store does about $100k in revenue In a month. Even if only 5% of transactions turn out to be in bitcoin and just to make it easy say paypal costs 2% flat fee ($100 out of $5000), the bitpay option saved you $50, and if you went with a subscription fee instead, then you saved $70. It's not much but it also adds up. There is no doubt in my mind that bitcoin is definitely here to stay. Think of it like what email is to regular mail, and it's electronic cash - instant irreversible accepted everywhere and is handed from one hand to the other. Think of what email and internet was in 1995. Not many knew about it and a lot of people were probably doubting its usefulness. But now here we are today 19 years later: Canada post declared it's stopping home delivery service, and usps is also struggling to break even. We're emailing each other right now communicating in real time. Imagine in 19 years we'll have a free way to send each other large sums of cash without a bank saying "that will be $30 to send, another $30 to receive... Oh and there's a 1.5% exchange rate spread too"... I like that idea a lot and actually, we can already do it right now and it's called bitcoin. Don't think of it as a store of value! Think of it as a way to send and receiving money!
I ended up finding out that BigCommerce doen't accept or use BitPay, but use BIPS instead which is not a fully supported solution, which is a big time bummer - I got the facts wrong. But the hypothetical example highlights that the benefits are all good, especially for sellers. BIPS is also not as transparent about the cost - and the exchange rate is a big difference. BitPay is $817/USD vs. BIPS at $791/USD.
Microsoft is one of the first tech giants to accept Bitcoin as an official payment method for some of its top products ever since 2014. By adding Bitcoins to your Microsoft account, you can buy anything from Windows 10 licenses to games, movies, and apps in the Windows and Xbox stores. Microsoft temporarily stopped accepting Bitcoins because of their inherent volatility issues but have started ... As you can see, many companies accept Bitcoin, but it also depends on where you are and what you need. Although Bitcoin is more popular among smaller merchants, several well-known companies accept Bitcoin payments, too. Microsoft. ... From 2014 they started to accept Bitcoin as a payment for their services at that time they are the world largest firm accepting Bitcoins for its services. Recently they added Bitcoin Cash along with the Bitcoin as a payment option that means now Dish customers can use both cryptocurrencies to pay for monthly subscriptions and pay-per-view movies. 6. KFC. KFC, also known as the Kentucky Fried ... Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all ... Biggest Companies That Accept Bitcoin 1. Microsoft. At a $900 Billion valuation, Microsoft is among the largest companies in the world. The tech-giant started accepting Bitcoin back in early 2014 when the Bitcoin price was still hovering at around $300.
How to set up your BigCommerce store to accept Bitcoin though CoinBeyond, in under 4 minutes! See how much merchants, and their customers, love it: Mahones Wallpaper Shop Now Accepting Bitcoin and Other Cryptocurrency Payments ... is pleased to announce that it is becoming one of the first retailers to accept payments in cryptocurrency, in ... This video is unavailable. Watch Queue Queue. Watch Queue Queue 2. Business directory, list products and services & accept bitcoin in the PayBit Club online marketplace and promote to the PayBitClub community. 3. An easy and legit way to receive a wallet full ... How to accept Bitcoin payments on Wix - Duration: 8:07. Blockonomics 59 views. 8:07. Magento vs. Shopify vs. BigCommerce (WHICH IS BEST?) - Duration: 8:52. Good Monster 4,169 views. 8:52 ...