Those of you who do not know much about this revolutionary new virtual currency ought to read this article: Merchants that are conducting online commerce in WordPress or Shopify or any similar ecommerce platform can now begin accepting Bitcoin as a payment method. Not long ago, it would have been virtually impossible for such merchants to do so. However, now, more merchants are realizing the significant benefits associated with accepting this form of payment. Why not take advantage of this?
First, the merchant will be able to accept several thousand different currencies as payment in addition to the traditional US dollar. This is because the bitcoins are digital assets, just like any other traditional currency. Therefore, they can be traded in a variety of ways. You may want to exchange alfacoins for another form of payment, for example. And you can do this without much hassle thanks to the increasing number of Payment Processors that are available for doing just this.
The second reason why you should consider using bitcoin for your online commerce is that there are now lots of providers of the best cryptocurrency payment gateways bitcoin payment processor. These service providers are capable of transforming alfacoins into many different currencies. Most popular among them is the US Dollar, the Euro, the British Pound, the Japanese Yen and Swiss Francs. By integrating these currencies, your website will be able to transact in those currencies whenever people make sales from your site.
Third, if you choose to go with a payment processor that provides these services, you will be able to instantly convert your alfa currency payments into any other currencies that your site is listed in. This makes it easy for you to take advantage of people who make sales in other countries. This is especially useful if you are selling goods or services to people outside of your country. When your customers make purchases from your site, you don’t have to waste your time going through currency conversion problems. Instead, you can automatically convert their purchases into whatever currency that they are accustomed to.
A fourth benefit of using bitcoins as the mode of payment for some websites is that it cuts out the middleman. Since you will be selling your goods and services directly to your customers, you will not need to pay a commission to a middleman. With most of the current websites that allow you to transact in several different currencies, you will only be paying transaction fees. The good thing about this is that you will be able to cut the cost of your business. This is why more merchants are starting to use bitcoins as their mode of payment
Fifth, you can easily determine which currencies your customers are willing to buy or sell. As a result, you can then readily cater to their needs. For example, if you want to accept bitcoins as a form of payment method, then you have to know if your market will really allow you to do so. There are two ways to do this. The first way is to go to your usual merchant and inform them that you would like to accept such kind of payment method.
The second way is to open an account with a bitcoin merchant known as a “coinbase”. Coinbase acts as a clearing house between buyers and sellers. All you have to do is give alfacoins to the coinbase and they will transfer the funds directly to your address. In other words, the transaction fee will be free transactions since you won’t have to pay a transaction fee to the marketplace.
And last but not least, you can easily set up your own “bitcoin payment processor”. This is done by installing one or more plugins. The most common plugins are called Bitvlc and Bitumen. You can use these two popular plugins to turn your website into a full blown bitcoin marketplace. These plugins will allow you to accept all major forms of online payments, even PayPal.