The latest in a long line of innovations aiming to make the online merchant industry more accessible and efficient is the bitcoin payment process. While it may not be immediately clear to the new consumer as to what a bitcoin payment process is, the general bitcoin payment processor concept is that this latest innovation allows the average consumer to use their credit card like a regular one without worrying about paying extra fees or dealing with hidden charges at any time of the week. If you are an internet merchant that is interested in this option, you should know that there are several different avenues available to you through which you can take your business to the next level. One of those avenues is through a bitcoin merchant account.
It has only been a short time since the adoption of this technology by merchants online. Since then, however, several companies have begun to realize the unique advantages that come along with using this particular payment processing method. The most popular, of course, is BitPagos, which allows customers the opportunity to purchase items on its platform through their credit cards. This allows them to avoid having to pay extra fees for buying something off of their platform, and they do not need to deal with a third party or hold some sort of bank account for doing so.
The availability of bitcoins also opens up the opportunity for a variety of other business models to become viable. One such model is known as PayPal, and it allows a merchant account to be linked to a local merchant account facility through which money can be transferred. This works well because the buyer does not have to hold a traditional credit card in order to purchase something off of the BitPagos platform, and the payment history is transparent, allowing users to track purchases and their associated spending history. This type of model is ideal for someone who operates a small scale business and needs to avoid having to hold any traditional banking accounts.
Another advantage that comes along with using bitcoins instead of traditional money transfers is the lack of fees that would normally be charged on these types of transactions. This means that instead of paying around five percent or even more on each transaction, you can pay anywhere from around two to ten percent in order to get your business started. Some people are wary of the idea of using bitcoins, mainly because of the high transaction cost that they incur. However, this need not be an issue. There are a number of solutions that can be used to minimize the costs associated with accepting bitcoins as payment for goods and services.
An example of one way in which you can incorporate the use of a bitcoin merchant account is through the utilization of a third party payment processor such as Bitppex. This third party provider works by acting as an intermediary between the buyer and the seller. Instead of acting as a merchant account for your buyers, the third party payment processing history provider acts as the merchant account itself. This allows both you and the buyer to maintain an accurate and detailed accounting of all transaction details for your business, allowing you to calculate and budget your monthly sales properly.
Another solution for integrating the use of a merchant account with the payment system comes in the form of using a payment gateway. A payment gateway is a special type of computer program designed to serve as a go between for you and your customers. The go between here is a unique online server which acts like a kind of online payment processing headquarters for your business. Here, all transactions between you and your buyers are processed via the payment gateway. This means that instead of acting as the point of entry for all transaction details, your transactions are processed directly through the payment gateway itself, making it convenient for your customers to make purchases without having to jump through hoops or worry about making multiple international payments.
When you combine a third party payment processor such as Bitpesa with a merchant account provider such as Bitffe, you get the perfect solution for a quick, smooth, and hassle free international transaction. You can easily keep track of all of your sales and costs and budget them in accordance with your budget. You can also easily take care of payments securely and efficiently using a merchant account provider such as Bitffe. With this in place, your international sales will skyrocket and your expenses will become a thing of the past.
There are many companies out there that will help you set up an account to accept payments made via bitcoins. If you have no experience doing this, you should look into the services offered by experts such as Bitesta, Xapo, GoPay, XOOM, and MoneyGram. These companies will help you set up an account to accept the payment made via bitcoins and will handle all of the necessary payments processing details for you. When using one of these companies, you’ll be able to accept all major cards including PayPal and Google checkout.