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Bitcoin Information For Businesses

You see the sign above?

This sign could change your business!
TheBitCoinProgram.com is not asking you to consider changing the way you do business - we're asking you to consider HOW you do business. Expanding your merchant services to provide your customers the ability to make purchases with bitcoins provides incentive. This new cryptocurrency is making leaps and bounds with merchants such as Microsoft, Paypal, Dish Network and a host of others who are taking advantage of this new digital currency.

The simplicity for consumers to open up a bitcoin wallet and obtain a debit card creates an avenue for merchants to easily accept a bitcoin debit card. This gives you the edge in the retail market - keeping cost of goods & services down while, at the same time, preventing fraud and increasing your profit margin (of course, results may vary). While other merchants decide to decline the acceptance of bitcoin debit cards, your business can increase revenues by accepting bitcoin debit card purchases because consumers are looking for businesses that accept bitcoin debit cards!

Need more reasons to accept bitcoin?  Read This


3 Reasons to Accept Bitcoins

  • Debit and Credit Card Fees Are Exorbitant - Merchants, such as yourself, have to compensate for fees you are charged by increase the price of your goods & services and the customer bears the cost of those fees.
  • Credit Card Chip Vulnerability - The New York Times recently published an article titled “Chip Credit Cards Give Retailers Another Grievance Against Banks.” these added expenses for updating payment terminals are for nothing if the new cards are not PIN-authenticated for which the new chip cards do not require. The new cards without PINs will not improve card security.
  • Bitcoin is Safer, Faster and Cheaper - Bitcoin can significantly lower the cost of financial transactions, offering fast, secure and borderless transactions. Most of the fees charged by banks and card issuers can be avoided using bitcoin - resulting in SAVINGS for you as the merchant and AFFORDABLE goods to the consumer. It's a win-win for both sides.

Flexibility of Fees

There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

Fraud Protection

Any business that accepts credit cards or PayPal knows the problem of payments that are later reversed. Chargeback frauds result in limited market reach and increased prices, which in turn penalizes customers. Bitcoin payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the shoulders of the merchants.

International Payments

Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send.

No PCI Compliance

Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard. Bitcoin still requires you to secure your wallet and your payment requests. However, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like credit card numbers.

Increased Visibility

Bitcoin is an emerging market of new customers who are searching for ways to spend their bitcoins. Accepting them is a good way to get new customers and give your business some new visibility. Accepting a new payment method has often shown to be a clever practice for online businesses..

Multi-Signature

Bitcoin also includes a multi-signature feature which allows bitcoins to be spent only if a subset of a group of people authorize the transaction. This can be used by a board of directors to prevent any member to make expenditures without enough consent from other members, as well as to track which members allowed each payment.

BITCOIN MERCHANT SERVICES

TheBitCoinProgram.com recommends looking into all the features and benefits of accepting bitcoins with the merchant service providers listed below.

Paxful Merchant Services

Your customers can pay for your products/services using any payment option Paxful's vendors accept. Paxful's vendors convert customer payments to bitcoin which your bitcoin payment processor converts to cash to your bank account. Payment options are gift cards, cash deposits, online wallets and debit/credit cards. You can accept every form of payment on earth and get paid with zero chargeback risk!

• Automatic Deposits - Payment is converted to bitcoin which is sent to your bitcoin payment processor who converts it to cash for you.
• 300+ Ways To Pay - Over 300 payment options and every major currency accepted.
• No merchant Fees! - Merchants pay 0% on all sales. We take our cut from our vendors.
• A Huge New Market - Get access to the 2.5 billion underbanked people in the world.
• No Chargebacks - Our vendors protect merchants from any risk.

Apply Here

Coinbase Merchant Services

Start accepting bitcoin instantly with easy to use checkout pages, embeddable widgets, plugins, and an API for custom integrations. Coinbase confirms most bitcoin payments in just a few seconds with zero chargebacks, so costs associated with online fraud are greatly reduced!

• Get Paid Quickly - Payouts are initiated daily - you will receive cash in your bank account in 2-3 business days.
• Issue Refunds - Customer issued refunds using one simple Coinbase API call.
• Bitcoin Payments Done Right - Start accepting bitcoin instantly with easy to use checkout pages, embeddable widgets, plugins, and an API for custom integrations.
• A Huge New Market - Get access to the 2.5 billion underbanked people in the world.
• Setup in minutes • 2-Click Coinbase payments • Accept any bitcoin payments • Customizable • Mobile Friendly • Full API

Apply Here