Bitcoin Payments – The Modern Digital Currency
With the globalisation, there are profound changes in payment processing industries. One such drastic payment method emerged in 2008 which was invented by an unknown group of people and named as Satoshi Nakamoto. The bitcoin, when invented, was not so popular a means of accepting payment, but gradually it revolutionised the way of accepting payments. Most of the nations declared this digital form of cryptocurrency as legal and acceptable. In today’s time, Most of the big giant companies are accepting Bitcoin, Credit Card Payment, echeck, ACH as a means of payment.
Are you also a merchant looking for a Bitcoin Payment Solution to accept bitcoin in exchange for a product or a service. Though bitcoin is legal in most of the nations still, it is considered as a risky payment method. Because it is processed with an anonymous address which keeps on changing with every transaction. So, it is quite a challenge for businesses to get a merchant Account for Bitcoin payment Settlement. Nevertheless, we at Quadrapay help you to accept bitcoin payments from your customer.
To get started, stay tuned with us.
What Is Bitcoin And Bitcoin Payment Gateway?
Bitcoin was the first cryptocurrency that was invented in 2008. Bitcoin is a digital currency, mined by solving mathematical algorithms. It is decentralised, i.e. it is not controlled by any central bank or any financial administrator. The bitcoin can be exchanged for products or services offering bitcoin as a payment accepting method. It can also be barter for other currencies. Bitcoin is based on the peer-to-peer transfer of digital currency. It means there are no financial intermediaries.
Bitcoin Payment Gateway is the same as other payments gateways that ease the transaction. It is a software service or platform that allows merchants to accept payments in bitcoin. The benefits of accepting payments in bitcoin are that the processing fees are too low as compared to credit/debit card payment. Let’s discuss Bitcoin and Credit Card payments.
Bitcoin And Credit Card Payment Processing – Are They Same?
No, not at all. They both are the means of accepting payment from your customer. Credit Card can be taken as a conventional payment processing solution which has high processing fees. Merchants in today’s time are looking for a payment method which has low processing fees and less prone to chargeback. Let’s discuss some of the advantages of bitcoin payment processing over credit card payment solutions.
- Processing fees of bitcoin is lower than credit card payment processing.
- There is no chargeback issue with bitcoin.
- There is no involvement of intermediaries like any financial institution. It is a peer-to-peer transaction.
- Payments get processed immediately within seconds.
- It is almost impossible to hack or eavesdrop on bitcoin transactions.
- Customers also love this new way of payment processing because it does not need any personal information. It
- gets processed with an anonymous alphanumeric address.
Bitcoin Payment Processing With Quadrapay
Are you also looking for Bitcoin Payment Processing to offer payment flexibility to your customers? It’s the best time to adopt the era of cryptocurrency. We have served many businesses who are now accepting bitcoin over their platform. Now it’s your turn to get started.
Fill the pre-approval form onto our site, and we will get back to you to help you better.
Still have some queries, get in touch with us at [email protected].
Happy Processing !!!