To do that, you’ll first have to learn about several popular Bitcoin payment channels for merchants. These allow your online business to begin accepting Bitcoin immediately. So today, we’ll tell you all bitcoin payment processor about these popular, yet affordable, Bitcoin payment channels that will really make your life easier when processing payments in the new currency. These are payment channels like Western Union, Money Gram, Paydotcom, Wired, and others.
Let’s first look at the most popular and still the most popular payment methods: Western Union and Money Gram. Most of their websites don’t accept other forms of currencies, but they do offer access to their merchant services, which allow you to accept payments in three major payment methods. So, let’s talk about how you can get started with your business using these third party solutions. For most states, you won’t need a license, but there may be some requirements related to licensing.
In order to get started, most bitcoin merchants only need to decide which one of these three payment processors will give them the best cost per transaction. That’s because there is such a wide array of prices in the marketplace. There are some that charge fees of a few cents per trade, while others offer discount rates and even free shipping. The choice comes down to which you think is the best solution for you. Of course, you’ll also want to find a good service so that you receive timely delivery, which isn’t always available with every courier company.
The two most popular choices among the different providers are Western Union and Coinbase. They both provide different services for just about anyone who wants to take advantage of the bitcoin revolution. It’s free to open an account with both companies, and you don’t have to pay any transaction fee. So if you’re looking to buy products on the internet, send money internationally or make just about any other transaction on the internet, Western Union and Coinbase are the places you should look. Here’s how they work.
Western Union is a high risk option for most people. Their free transactions aren’t really free at all because you have to pay the transaction fee to use their services. Even if they do allow you to get money to another person faster than your bank can, it will usually cost you $.30 or more. This is due to a very slow international money transfer system, which makes it difficult for them to give you fast transactions. However, they do have a low cost merchant account that comes included in your bitpay invoice.
When it comes to coins like gold and silver, however, they have no problems at all. Their inclusion as a form of currency has been around for centuries, and they have long since been accepted as safe investments. In fact, in many ways they are even more reliable than the national currencies that most countries have. This is why you should see a reputable company like Bitwage when you want to accept payments made with any one of these major currencies – it’s the safest way to do it in a way that doesn’t involve paying high transaction fees.
The final option is to go with a company like payspacelv. They have been around for quite a while, and they have always been a trustworthy option when it comes to accepting payments made using any one of the major currencies. While they don’t have an option like bitchy when it comes to sending money overseas, they do offer a high rate of chargeback on payments made by their customers. This isn’t a huge deal if you have lots of satisfied customers, but it can be a problem if you’re just starting out – you don’t want to get your business taken away by some dishonest merchant, after all.
Which one of these two would be right for your business? Each one has its benefits, and both of them have downsides. The best way to figure out which one will work for you is to assess which one you feel more comfortable with. That way, you’ll know which of the two major cryptocurrencies is right for your needs – the bitcoin payment gateways mentioned above are great for both domestic and international use, while the chargebacks and lack of security issues of chargebacks can be a problem for most merchants.