As markets evolve, so do businesses. With the ever changing demands of customers, merchants need to focus on providing a wholesome service that not only helps retain customers but also attracting new. From offering variety in products and services to accepting different modes of payment. And with new innovation happening in the payment industry too, it becomes extremely vital for merchants to be aware of the same.
Cash is slowly but surely replacing plastic money. But a more recent trend that has seen a gradual growth globally is using cryptocurrency to pay for products and services. While there are various cryptocurrencies being used, Bitcoin remains the most popular.
Open a Bitcoin Merchant Account for your business
Are you still hesitant about whether or not bitcoin merchant account solutions is the right choice for your business? Check out some of the advantages that bitcoin processing offers merchants.
The biggest concern for any merchant is the processing fees that are incurred, especially high risk industries who are charged higher than that for a regular merchant account. Another huge problem for such businesses is the high amount of chargebacks that sometimes lead to account shutdown.
Now, businesses can put an end to high processing fees and chargebacks by accepting bitcoins as payment.
Low Processing Fees: Perhaps, the biggest advantage of Bitcoin Merchant Account is the low processing fees involved as compared to other high risk merchant accounts. No matter the size of your transactions, bitcoin processing costs less making your profit margins bigger.
Eliminate chargebacks: Zero chargebacks is another benefit of obtaining a bitcoin merchant account. Unlike credit card chargebacks, every transaction is permanent and a merchant has the right to make refunds at their discretion.
Secure payments and different payout options are also a few key benefits that merchants with bitcoin merchant account solutions enjoy.
Team up with a quality high risk merchant account provider like IBS and obtain Bitcoin Merchant Account integrated with secure payment gateway solutions to take care of your all your future transactions to expand your business.