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Bitcoin Payments: Why and How to Accept BTC on Your Website
Read our tutorial to learn how to accept cryptocurrency in a few simple steps using the world’s fastest-growing gateway.
Over 18,000 firms currently accept Bitcoin payments, benefiting from up to 80% savings in transaction costs, increased profit margins, and access to a market of over 300 million cryptocurrency holders. Read our tutorial to learn how to accept cryptocurrency in a few simple steps using the world’s fastest-growing gateway.
Four compelling reasons to accept Bitcoin payments
According to CoinsPaid’s most recent report, the number of businesses accepting cryptocurrencies through this gateway has increased from 300 to over 800 by 2021. What motivates all of these businesses to accept Bitcoin payments on their websites? There are four major causes behind this.
a.) Processing expenses are reduced by 80%. The average processing price for a Bitcoin payment is 0.8%, as compared to the 2–5 percent that retailers must pay in bank acquiring fees when taking card payments. Furthermore, if you accept Bitcoin payments, you may avoid chargebacks and rolling reserves.
b.)Near-universal acceptability. Almost all cryptocurrency transactions are successful. Furthermore, some big providers process BTC, ETH, and BCH payments relatively…
