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Category: Bitcoin Merchant Account

Why you should obtain a Bitcoin Merchant Account

Why you should obtain a Bitcoin Merchant Account

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.

Apply for a Instant Approval Bitcoin Merchant Account

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.

Posted on September 7, 2019September 7, 2019Categories Bitcoin Merchant AccountTags Bitcoin merchant account, high risk merchant account, merchant account, secure payment gatewayLeave a comment on Why you should obtain a Bitcoin Merchant Account
How To Accept Bitcoin Payments For Small Business?

How To Accept Bitcoin Payments For Small Business?

The prize of bitcoin is reaching new heights with each passing day, so it comes without surprise that the interest of public to invest in bitcoin is also increasing, even large MNC corporations are ready to invest in bitcoin as they see bitcoin as the financial future. So, small businesses are also taught to start accepting bitcoin Payments to match themselves for the upcoming future.

If you are a small business owner and want to accept bitcoin payment for your provided goods and services, than this guide is to help you through the procedure to start accepting the payments. There are a number of ways to start accepting such payments.

Apply for a Instant Approval Bitcoin Merchant Account

The Beginning:

The above is the sign that will help to start with the process. It will also help your consumers to be interested in doing bitcoin payments and they will be easily able to make contact with you directly.

Accept Payments:

1. If you are a store or a shop, your consumers can pay you through terminals like mobile apps, wallet addresses, QR Codes, etc.

2. If you are a online website implementation of accepting bitcoins would be done by competent programmer to help you.

Avoiding Frauds:

Along with the bright day comes a dark night, which means, along with all the profits with bitcoin there are high chances of frauds in it. There are chances that fraudsters may send fake invoices to your consumers and ask them to make payments to the bitcoin address they have control of. So it is very necessary that you apply the best way to avoid all the frauds so that the fraudsters do not get the information about your consumers. For which you need to consult best Bitcoin Merchant Account provider to avoid fraudulent activities in your business transactions.

Tax Payments of Bitcoin Income:

You need to consult with a educated accountant or lawyer to deal with this aspect of accepting bitcoin payments.

Following all the above steps will help to accomplish your goal of accepting bitcoin Payments.

Posted on August 26, 2019August 26, 2019Categories Bitcoin Merchant AccountTags bitcoin credit card processing, Bitcoin merchant account, bitcoin merchants, bitcoin payment processing, Bitcoin paymentsLeave a comment on How To Accept Bitcoin Payments For Small Business?
How To Get Bitcoin Merchant Account Approval?

How To Get Bitcoin Merchant Account Approval?

A bitcoin merchant account falls into the category of high-risk merchant account, and hence is difficult to obtain such account. Quite a number of banks have stopped approving BITCOIN MERCHANT ACCOUNTS due to the very high risk involved in the bitcoin industry.

Here are a few commonly asked questions answered:

How to get approval on a bitcoin merchant account?

To get your bitcoin merchant account approved you should have a proper history of payment processing. At least 6 months of payments processing history statements should be attached along with the account application as the offshore merchant account.

Apply for a Bitcoin Merchant Account

Also you need to submit a bank statement of your business account from the past six months, in case there is no business account previously, the statement of your personal bank account is also admissible. These statements are compulsory it takes 1-2 week for the account approval.

Even if you come around websites giving approval in 1-2 business days it ios nearly impossible for 99% of the bitcoin merchant account to get approval in such short span.

What types of bitcoin merchant account are available?

International Bitcoin Merchant Account

By submitting above documents along with your Identity Proof. You can get approval in maximum of 15 business days to have a International Bitcoin Merchant Account.

Domestic Bitcoin Merchant Account

There is no dealing of bitcoins in the local or domestic markets. Hence there are no Domestic Bitcoin Merchant accounts available.

Is there a payment Gateway in Bitcoin Merchant Account?

Not only for Bitcoin merchant account, but for any type of approved merchant account the approving financial institution or bank provides a secure payment gateway for safe online transactions through debit/credit cards.

Which companies accept Bitcoin?

With every passing day the number of bitcoin accepting companies is increasing.

Overstock based in Utah was the first one who started accepting bitcoins and lot of companies have followed later.

Here is a list of some major companies who have been accepting bitcoin:

  1. Amazon
  2. Ebay / Paypal
  3. Microsoft
  4. Ok Cupid
  5. WordPress
  6. Sears
  7. Las Vegas Casinos
  8. Chicago Sun Times
  9. Target
  10. Dish Network and Many more..
Posted on July 23, 2019July 23, 2019Categories Bitcoin Merchant AccountTags bitcoin, bitcoin credit card processing, Bitcoin merchant account, bitcoin merchants, bitcoin payment gateway, bitcoin payment processing, instant approval merchant accountLeave a comment on How To Get Bitcoin Merchant Account Approval?

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