At a time of increasing interest in the world of digital currencies, their adoption is growing rapidly and traders are also increasingly interested in accepting Bitquin as an electronic payment method. Here are some of the easiest ways to integrate Bitquin and other digital currencies into your online business.
Why you may want to accept digital currencies for services and goods
Extraction with the adoption of Bitquin has many and varied answers to the business. First, accepting credit card payments can be very expensive, with banks and payment service providers usually taking 3-5% of the required amount, while Betcone and other digital currencies can actually reduce these fees to less than 1%. In the case of a cash house in particular, fees are usually less than one cent. Betquin transactions are irreversible, so common refunds with credit card payments are a thing of the past. Receiving payments by adopting Bitquin can greatly accelerate international transactions while reducing fees, which is ideal for online traders.
In addition to this, there is direct access to funds. Traders naturally want to get money as quickly as possible, especially as poor cash can lead to the collapse or collapse of any business. Extraction with Betquin is therefore one way to facilitate this.
What is the first step
First of all, when the company wants to start charging its customers with the adoption of Bitquin, they need to clarify this information to customers. Just like with many online or offline businesses, you make it clear that you accept a Mastercard, Visa or Paypal card, so a trader who accepts a draw in a coin or other currency will want to display this fact prominently on their website , Especially when paying fees. For example, a brick store or even mortar can display the wallet addresses in the form of QR code. Touch devices and applications are other common ways to accept payments.
Setting prices is also a very important issue. When a business accepts a home, it makes sense, at least at this stage of the adoption of the digital currency, to offer the price of the currency against the usual cash currency and to charge for the goods or service accordingly, as the value of the betcuene fluctuates continuously. Depending on where the business is located, taxes should also be taken into consideration.
It makes sense to display any value from the Betcairn received as a payment similar to a cash payment; although transactions are somewhat confidential, they still have to go through the records as well as any other payments. Only one thing to take into account is the refunds. If a customer requests a refund, the trader will need to request the address of his wallet to send money to, and some platforms have ways to handle it smoothly.
Bitpay
Bitpay is the most common way for merchants who accept Bitcoin (BTC), Betcin Cash (BCH) and other digital currencies at the moment. As its system is fast and simple and bears little risk of volatility, which is more appropriate for traders, because Bitpay will deal with the settlement and automatically convert the digital currency into the currency. The processing of payments in digital currency recently issued figures showing that they handled more than $ 1 billion in payments last year. When it comes to refunding, things are simpler using Bitpay and traders only need an e-mail address to return money to the buyer's account.
Bitpay's advantages include its ability to support many currencies including the US Dollar, the Euro, the British Pound, the Chinese Yuan and direct bank deposits.
Another common way to accept KFH payments is to use Coinbase Commerce. It is ideal for online businesses, allowing traders to accept payments by using the Betquin and converting them instantly into cash to save themselves from price fluctuations. It is also free, as opposed to receiving payments via credit card. Given the recognition and trust granted to the Coinbase brand it makes sense for traders to integrate Coinbase Commerce into their positions.
Receiving international payments is much easier when relying on Bitquin and other digital currencies. The Gocuin is one of the largest providers of digital payment processing services and supports a number of digital currencies. It provides the ability to seamlessly integrate into an add-on that businesses can install on their website and includes a refund system.
The Btcpay Open Source Payment Wizard is particularly useful for the most technically accomplished traders. It is essentially a decentralized version of Bitpay and allows easy transfer of the current code to the merchant's payment processor. Btcpay is useful for traders who want to be in control of their own money and accept many different digital currencies. The trader retains complete control over the full node, and payments go directly to his or her wallet for digital currencies, increasing privacy and security.