If so, you’ll want to make sure you have a secure and easy-to-use gateway that makes the process as simple as possible. Luckily, we have just the thing. With BitPay Bitcoin payment gateway, you can accept payments in Bitcoin without ever having to hold the cryptocurrency yourself or deal with any of the technical aspects of it. Instead, BitPay stores your customers’ Bitcoin and sends it to your own bank account two business days after they purchase something from you using their Bitcoins.
What are cryptocurrency, digital currency, and blockchain?
For those who don’t know, cryptocurrency is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining. Cryptocurrency relies on cryptography to secure transactions and control creation of new units. There are hundreds of cryptocurrencies available today such as Ethereum, Ripple, Monero, Zcash, Factom, Dogecoin to name just a few of some popular ones you may have heard about before now (although there are others that are less well known by comparison). These days it seems like everyone wants to get involved in cryptocurrency – but many people simply don’t know where to start or what exactly they should be doing first! That’s where we come in…
What is bitcoin?
Before you get started, it’s important to know what bitcoin is and what it isn’t. While some people think of bitcoin as an investment or commodity, it is neither. It’s actually best described as a new technology that allows digital information to be distributed but not copied. It also allows for transactions to be conducted across borders without third parties (like banks) getting involved. It all sounds very complicated, but don’t worry: we have plenty of resources available to help you understand how it works!
Why use BitPay?
We make it super simple to integrate bitcoin payments into your website or application using our REST API, which is free to use. We take care of security, so you don’t have to worry about hacking or fraud. And we handle all bitcoin conversions to your local currency so you can spend less time worrying about prices and more time building your business. There’s no risk either—try it for free today!
With BitPay, you can accept bitcoin payments from any country around the world. Using one of many integrated shopping cart plugins, simply add a Bitcoin Payment Gateway to your site and get started accepting bitcoin immediately. You can even take advantage of BitPay’s new plug-in architecture to customize how your customers pay with other popular cryptocurrencies like Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP) and Tether (USDT). Best yet? Each transaction comes directly from your customers’ digital wallets, meaning there are no chargebacks if they change their mind. Our services are available anywhere on earth that has an internet connection — try us out today!
How do I start accepting bitcoins?
To get started accepting bitcoins, all you need is to set up an account at bitcoin payment gateway. There are dozens of bitcoin gateways available, but we’ve found that BitPay has some of their best options for merchants looking to accept bitcoin online and off. After signing up at BitPay, you’ll be able to link a bank account so they can deposit funds directly into your checking account each time you receive a new payment—no more dealing with checks or giving out credit card information! This is one of our favorite bitcoin payment gateways. If you want to try another service, there are lots to choose from.
Do I need to install any software or plug-ins?
No, you won’t need to install any additional software or plug-ins on your website to get started accepting bitcoin payments. All you need is an ecommerce solution like WooCommerce, Magento, Prestashop, OpenCart etc., which has built-in support for bitcoin payments from GoCoin (plus many other popular ecommerce platforms). If you’re using WordPress there are several plugins available: Bitcoin Payment Gateway, Coinbase API integration for WooCommerce, etc.
How do I get paid?
If you are doing business online, it’s very likely that someone will ask how they can pay you in Bitcoin. As soon as they do, your heart might sink into your stomach as you realize that you’re not set up to accept them yet. Fortunately, there are services such as Coinbase that make it incredibly easy to start accepting bitcoin for payment on your website instantly with no fees for using their service! All you need is an email address, and then once you’ve signed up, it only takes a few minutes to get set up. You can also use CoinPayments or BitPay if you want more options when it comes to cryptocurrency acceptance.
Can I still get paid even if my business doesn’t have a website?
While having a website is ideal, you can still get paid without one. In fact, only 5% of all small businesses have an online presence . To get paid from customers who don’t have access to your business’ website, use a digital wallet like Paypal or Dwolla to process payments instead of accepting them directly through your business’s website or other channels. When accepting payments digitally, make sure to follow applicable laws and regulations. You should also be prepared for customers who will want refunds if they’re not happy with their purchase experience or product quality. For more information on how to accept bitcoin in your business, check out our Merchant FAQs here . If you’d like help getting started as a merchant, feel free to reach out to us at [email protected]
How much does it cost to use BitPay?
We charge just 1% for Visa, MasterCard, Discover, American Express transactions (2% for PayPal). All other debit or credit card transactions are free to customers who receive less than $1 million USD each month through BitPay. There is no signup fee and no commitment required to get started. Simply deposit your bitcoins into your BitPay account and you’re ready to start accepting bitcoin payments. For more information about our pricing please visit our Pricing Page. For information on how to accept bitcoin with your business, visit our Merchant Solutions page.
Is there an application fee?
Yes, our standard rate is 1% of each transaction plus $0.25 per transaction (the minimum is $1). If you’re currently accepting credit cards through Stripe or PayPal, we encourage you to switch over to Brain tree as soon as possible to avoid unnecessary fees; both companies charge 2.9% plus 30 cents per swipe or payment, so your monthly costs will significantly decrease if you make a more streamlined checkout process. As an added benefit, Brain tree also has merchant accounts available for businesses that need them!