Crypto money is becoming mainstream. Are you considering Bitcoin for your eCommerce business? Today, it’s getting more vital to offer multiple payment options to your customers, so why not? How can you accept Bitcoin? Who can help you with a recurring payments service?
Cryptocurrency Market: Bitcoin
Consumers and businesses worldwide are adopting digital tokens. Bitcoin payments are increasingly becoming more popular for purchases, according to one of the leading crypto payments processors in the world.
It’s no wonder why many of the largest companies in the world are already accepting cryptocurrencies as payment for goods and services. These include AT&T, the Dallas Mavericks, Microsoft, Overstock, Tesla, and Twitch. This was a hot-button topic in 2021. In 2021, Bitcoin’s price rose by 60%, despite the fourth-quarter volatility. Bitcoin is back at about $45,000, which is still up 50% from where it showed in 2021.
Accepting Bitcoin Payments
Bitcoin is the most common cryptocurrency that businesses accept as payment. On the other hand, Ether, the second-largest cryptocurrency, is gaining more traction. According to PYMNTS’ Cryptocurrency Payments Report, 16% of Americans have already purchased or received crypto. 29% were planning to enter the market.
Your eCommerce business can enjoy more than one advantage when accepting Bitcoin on its website. For example, it can influence your brand identity by showing you’re an innovative, cutting-edge company in the consumers’ eyes. It shows you’re not afraid to embrace new technology. In addition, crypto payment processing isn’t associated with higher fees, which can’t be said about traditional payment methods.
To accept Bitcoin payments, you need to work with a respected Bitcoin payment gateway provider. There are reputable merchant services providers that carry a 5-star rating with Best Payment Providers and offer exceptional payment processing solutions, including a recurring payments service, to merchants both in low and high risk fields.
Look for a payments expert that is an innovator in payment technologies, is committed to offering multi-currency processing, online payments, and advanced solutions intended to provide merchants with the tools they need to operate effectively within their industries.
Accept Bitcoin Payments
Bitcoin payments are growing in popularity. If you intend to accept this payment option from your customers, turn to a reputable merchant processor that can get you the best deal for your financial needs.
Author Bio: Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.