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Learn How Bitcoin Works-Bitcoin E-Commerce Services For Merchants-Lesson 22

How To Accept BitCoin At Your Business

· Bitcoin,BitClub Network,Crypto Currency,Cryptocurrency

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Author : Coindesk : No Date Specified.
 

Bitcoin E-Commerce Services for Merchants. A large part of any currency’s function is to serve as a way to buy and sell goods, and crypto currencies like bitcoin are especially suited for spending money over the Internet – with low fees and speedy transactions. Now a growing number of businesses are accepting digital currencies, as the available options for payments increase in number and function. In this guide, CoinDesk takes a look at the e-commerce systems that can help you accept digital currencies as payment on your website or in your real-world store. Getting noticed. Whether you have an online store or a bricks-and-mortar one, if you are accepting bitcoin, you need to publicize that fact with a sign. You can, of course, make your own, or grab the 'bitcoin accepted here' sign from the bitcoin wiki at https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses. DIY payments. If you like to have full control of your website and you have some coding skills, you could accept bitcoins simply by posting your wallet address or QR codes for customers to scan with their smartphone cameras. However, this not only looks very basic, but also accomplishes only half the job, as you should ideally have a checkout procedure that will complete the transaction and accept delivery details. If programming your own payments interface, bear in mind it should continually create new wallet addresses to defend against “taint analysis” at https://www.coindesk.com/information/bitcoin-glossary/#t which could invade your privacy, as well as that of your customers.
 

An open-source software library that can help with this is Pywallet at https://en.bitcoin.it/wiki/Pywallet. You can also use off-chain transactions to help prevent taint analysis snooping, with the added benefit of faster transactions. Third-party payment processors. Fortunately for the non-coders among us, there are now many crypto currency payment processors that offer tools to integrate bitcoin e-commerce into your website. The following are some of the more established companies in bitcoin payment processing. CoinBase. Coinbase is another popular bitcoin payment processor with 0% fees (up to the first $1m in transactions and then 1% thereafter). The company provides an HTML widget for easily inserting payment buttons into your website, and plugins for WordPress, WooCommerce, Megento and ZenCart. However, it currently only supports US bank accounts as a funding source. Notable merchants using Coinbase are Dell at https://www.coindesk.com/computer-giant-dell-now-accepts-bitcoin/. Expedia at https://www.coindesk.com/expedia-will-accept-bitcoin-hotel-bookings/. Overstock and dish at https://www.coindesk.com/dish-becomes-worlds-largest-company-accept-bitcoin/. For bricks-and-mortar businesses, CoinBase also provides a point of sale app at https://play.google.com/store/apps/details?id=com.coinbase.android.merchant. BitPay. BitPay is an international payment processor for businesses and charities.
 

As with other payment processors, it has plugins for a large range of e-commerce at https://bitpay.com/bitcoin-for-ecommerce systems, including WooCommerce and Magento, as well as SaaS-hosted shopping carts like Shopify. Furthermore, BitPay works with Amazon's Fulfilment at https://services.amazon.com/fulfillment-by-amazon/benefits.htm service, which allows merchants to sell and ship items via the e-commerce giant. BitPay offers various tariffs that merchants can subscribe to – from a 1% fee for a 'starter' service up to $3000 monthly for the 'enterprise' solution with a dedicated account manager enabling features such as deployment on custom domains, VPN access, exporting transactions to QuickBooks, and so on. BIPS. Short for the Bitcoin Internet Payment System, BIPS at https://bips.me/ is a payment processor that allows merchants from all over the world to buy and sell bitcoin, as well as accept payments in the digital currency. Fees are a more than reasonable 0% for standard payments processing. BIPS gives you the ability to store and archive invoices, and supplies plugins to interface with BigCommerce, WooCommerce, Shopify, and others. There is also API access for those coding their own solutions. BIPS offers an easy way to provide a mobile-friendly checkout for your website too. For merchants with bricks-and-mortar retail stores, BIPS offers a point of sale app at https://bips.me/point-of-sale. Blockchain Merchant. Blockchain merchant at http://blockchain.com/our-products/blockchain-merchant/ is an application for retail merchants as a simple POS system to accept bitcoin payments.
 

This is only available for Android devices at . Top stores which accept bitcoin. Purse.io at https://coinde.sk/1W0pYO6 is a platform which allows you to purchase goods on Amazon using bitcoin by using a third party. It is possible to get a discount for doing this. Sign Up at https://coinde.sk/1W0pYO6. Overstock's at http://www.overstock.com/ CEO Patrick Byrne is one of the most vocal supporters of bitcoin technology. Go To Store at http://www.overstock.com/. Newegg at https://www.newegg.com/ is an electronics retailer and accepts bitcoin in the US and Canada using Bitpay. Go To Store at https://www.newegg.com/. Cheapair at http://www.cheapair.com/ is an online travel booking website, and accepts bitcoin using Coinbase. Visit Merchant at http://www.cheapair.com/. Namecheap at https://www.namecheap.com/ is domain registrar and web hosting company. Use Service at https://www.namecheap.com/. Tigerdirect at http://www.tigerdirect.com/ is an electronics retailer that accepts bitcoin. Go To Store at http://www.tigerdirect.com/. Computing powerhouse Dell at http://www.dell.com/ became the largest retailer to accept bitcoin in 2014, and accepts bitcoin in the US, the UK and Canada. Go To Store at http://www.dell.com/. Takeaway.com at https://www.takeaway.com/ allows you to select local restaurants to deliver food. Use Service at https://www.takeaway.com/.
 

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