Why Your Business Needs To Start Accepting Bitcoin Payments Now
Why
Your Business Needs To Start Accepting Bitcoin Payments Now
While
many businesses have already joined the Bitcoin revolution by
accepting bitcoin payments, many are still hesitant to make the jump.
They are afraid that with Bitcoin’s volatility, they may end up
essentially giving their products or services for free. What this
means is that they think they are going to get shortchanged if the
price in bitcoin drops and would, therefore, lose all their profits.
But this is absolutely not the case! In this article, you’ll find
out exactly why you shouldn’t miss out on accepting bitcoin
payments.
1
– Instant Bitcoin Conversion To Your Local Currency
2
- No Chargebacks. Ever.
One
of the most common things business owners hate with credit card
payments is the very real threat of receiving a chargeback. Some
customers are just fickle-minded and dishonest. They would file
chargebacks for the smallest reasons like they’re not happy with
the color they got, or they regretted the purchase, or something
similar. But with bitcoin payments, you don’t need to worry about
chargebacks because all bitcoin transactions, once verified by the
Bitcoin network, are final and irreversible. This means those
bitcoins you’ve received are yours (unless of course, you chose to
have them instantly converted to dollars).
3
– No Costly Processing Fees
Credit
cards are widely accepted worldwide, and merchants like receiving
payments from anyone with a valid card. While credit cards are
convenient, there are fees that merchants need to pay. Credit card
fees can range anywhere from 3% to 4% per transaction plus another
few cents for each transaction made. If you receive card payments
from 99% of your customers, you’re basically paying a small fortune
in credit card fees!
With
bitcoin payments, the transaction fees you have to pay are nowhere
near what you pay the credit card companies. In fact, the fees are
practically negligible as they essentially come down to just a few
thousand Satoshis (1 Satoshi = 0.00000001 bitcoin ) or a few cents!
Gloria Gonzalez
Digital Angel Marketing
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