Thanks to the surge in awareness, Bitcoin adaptation has improved a great deal. Everyone in the developed has heard a thing or two about Bitcoin. So many people own Bitcoin wallets and prefer to make purchases using this digital currency as opposed to fiat money. As a small business owner, it's important that you join the trend by enabling Bitcoin payments for those who would prefer to pay with Bitcoins.
How to Enable Bitcoin Payment
- Inform Your Customers
The first thing you'll want to do is indicate that you accept Bitcoin payments on your store with a sign. You'd be surprised by the number of people who would be interested in it.
- Choose a Payment Processor
There are many providers of Bitcoin payment services all over the world. The most common ones are Bitpay, Bitcoinpay, and, Conify. These companies have charges so be sure to compare the rates.
- Verify Your Account
Even if you allow your customers to pay with Bitcoin, these transactions are limited to $1000 per month for most providers. To eliminate this restriction, you have to provide the required information for verification and prove that you indeed own the business.
- Choose Your Currency
You will need to choose the currency you want your Bitcoins to be converted to after your client pays. This depends on your local currency. USD is almost always available on every platform. However, you'll get cheaper rates if you choose EUR.
- Accept the Payment Method in Your Store
The first four steps are for setting up an account. After you've set up an account that allows you to accept Bitcoin payments, you need to make it available to your clients. For a physical store, you can either send clients a payment link or give them a QR code to complete the payment. For an online store, an API will be incorporated into the website.
At this point, your customers should be able to pay with Bitcoins.
Posted from my blog with SteemPress : https://smartereum.com/8092/how-to-enable-bitcoin-payment-in-your-startup/