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In the modern world, no one is a stranger to the term “cryptocurrency.” As the online market gains more value and becomes increasingly popular, Bitcoin is becoming a household name. But for those who are still unsure of the decentralised currency, take note of the businesses across the world that are already accepting Bitcoin as a valid form of payment.
From tech giants like Microsoft to eco-friendly enthusiasts like Lush Cosmetics, the leading giants are at the heart of Bitcoin, capitalizing on revenue and drawing in more traffic than ever before. Through online eCommerce sites or point of sale, here are some reasons why you and your business should consider accepting Bitcoin.
A modern world, a modern currency
Paying for your products has now become more accessible than ever. With most customers storing all their information on their phones, digital services are the new way of banking, eliminating card theft, fraud, and data protection concerns. With Bitcoin, there is no personal identity attached to that form of value, and there is no way that personal information can be intercepted.
Adopting Bitcoin payments will modernize your business and attract a new generation of buyers who are already ahead of the times. Consumers are always on the lookout for the next big thing, and by adding Bitcoin, you can give them just that. Early adoption of Bitcoin allows you to stay modern and current.
Maximizing sales for your business
Any owner’s key focus is maximizing the potential of their business, and by offering additional payment methods, they are providing customers with a choice. By including more revenue streams, they maximize the revenue generated.
Lower transaction fees and no chargebacks
Every penny counts when it comes to business. Whether your business is a global name or a family-run business selling jam from your kitchen, it all counts. The cost of transaction fees for accepting Bitcoin are significantly lower than those charged for credit or debit card purchases, and therefore, many smaller merchants are seeing the advantages of Bitcoin payments.
Chargebacks can harm any business, causing unwanted disputes and costing your business time and money. Bitcoin eliminates chargebacks, proving another way that transacting in digital currency can save merchants money.
Take your business international
Merchants can accept Bitcoin from anywhere in the world much quicker. It’s faster, cheaper, and allows companies to globalize their business more efficiently. For far-reaching customers, it can be hard to pay for goods and services easily through standard banking, so providing your customers with a simple payment method eliminates the potential for losing sales.
Ready to get started?
We have a simple plugin available for WordPress sites running on WooCommerce that comes with a handy integration guide.
So, if you are ready to join the Bitcoin go-getters and maximize your sales, sign up for a merchant account with CoinCorner and start accepting Bitcoin with CoinCorner Checkout today!
Thanks to Alexandra Domingo, Business Development Manager at CoinCorner for sharing her insights.