![]() Set up one-time payments, recurring subscriptions, and donations on your website.Accept Bitcoin payments and withdraw money to your local bank account.Plus, it takes care of invoicing and record-keeping for you, which makes it ideal for websites that want an all-in-one solution. It supports dozens of integrations with major platforms, and you can use it to accept one-time payments, set up subscriptions, and even receive donations. Instead, it’s all about payment processing.īitPay has made a name for itself in the field, and it’s the Bitcoin payment processor of choice for platforms such as Shopify and Steam. However, unlike Coinbase, this platform doesn’t pull double duty as an exchange. Just like Coinbase, BitPay enables you to receive Bitcoin payments and transform them into bank withdrawals for a 1% fee. Instruct Coinbase to hold part of your earnings in Bitcoin and liquidate the rest.Withdraw your payments to your local bank in exchange for a 1% fee.Enable Bitcoin payments on your site for any type of service you want.If your website sees a significant amount of sales, you can also benefit from setting up daily withdrawals to your bank. Overall, Coinbase is an excellent choice for businesses that want to keep some of their holdings in Bitcoin. The service is entirely free aside from that, and if you want to keep your Bitcoin there is no fee to do so. Then, you can use the service to convert those coins and withdraw them to your bank account for a 1% fee. Either way, you’ll be able to start accepting Bitcoin payments on your site, which will go directly into your Coinbase account. You can sign up to the platform’s merchant service either as a business or as an individual. On top of enabling regular users to buy and sell Bitcoin using their credit cards and bank accounts, Coinbase also offers a merchant service. CoinbaseĬoinbase is one of the largest Bitcoin exchanges. In this section, we’re going to introduce you to two Bitcoin payment processors and a manual method. 3 Ways to Accept Bitcoin Payments on Your Site This currency is also well suited for sites that need to receive international payments, since it’s much faster than bank transfers from one country to another. Using Bitcoin enables you to process payments with lower fees and receive money instantly. However, it’s particularly useful for websites that sell digital goods and services. Technically, any business can accept Bitcoin. You just need to attach a small fee (often merely cents) for your payment to get processed by the network. Its fees tend to be very low. Bitcoin doesn’t take a percentage of your payments (unless you use a third-party processor), unlike similar methods.With Bitcoin, you can use your funds as soon as the payment is confirmed (which usually takes minutes). Bitcoin is faster than other payment methods. If you’re paid using credit cards, it can take weeks until you can use that money.You can hold on to Bitcoin as an investment. Bitcoin is volatile, but its value has increased tremendously over the past few years.There are plenty of payment processors available. If you don’t want to receive payments directly, several processors can handle it for you and convert your Bitcoins into regular currency.It’s easy to receive Bitcoin payments. All you have to do is give out an address and indicate how much Bitcoin users need to pay. ![]() If you do business online, it makes sense to consider accepting Bitcoin alongside other payment methods, because: This cryptocurrency has grown a lot since its inception in 2009, and adoption is at an all-time high. Basically, it’s a tool you can use to send and receive digital payments from anyone almost instantly, in any part of the world. Let’s get down to business! What Bitcoin Payments Are (And Why You Should Consider Accepting Them) You can use exchanges to buy and sell Bitcoin, as well as to store them in a pinch.īitcoin is a decentralized, peer-to-peer network that enables its users to send money to each other. In this article, we’ll talk about why you should consider accepting Bitcoin payments on your site, and introduce you to three ways to do it. From a practical standpoint, it’s just as if you had accepted a regular payment. In fact, some services such as Coinbase can automatically take your Bitcoins and turn them into hard currency. That means it might be time for you to consider doing the same.įortunately, you don’t need to know much about Bitcoin to accept it as a form of payment. Several major online retailers – such as Steam and Overstock – have even begun accepting this type of currency. Bitcoin has been in the news a lot lately.
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