BCH Users, Rejoice: BitPay Integrates Bitcoin Cash Payments for Merchants
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The document will be edited and revised, and I hope to turn it into a beautiful PDF and Amazon book what merchants accept bitcoin cash soon. Consider it a rough draft with all the content you need to start accepting Bitcoin Cash payments for your online store today.
Having worked with dozens of businesses to help them get started, I wanted a place to put the basic lessons down so that regular business owners could use it as a starting point to what merchants accept bitcoin cash Bitcoin Cash. I want to give you a brief understanding of why you should integrate Bitcoin Cash payments for your business and some of the easiest ways to do it.
And best of all, it can be profitable. I hope you enjoy this guide. If you have any questions, please Tweet me derekmagill.
If you like this project, please consider supporting it. If I raise enough money approx. Why should you accept Bitcoin Cash at your online store?
I could go on about the importance of sound money that is out of the grips of government bureaucrats. It is probably all true. The simple fact is that accepting Bitcoin Cash will help you grow your business by providing a better payment option to customers and helping you reach a bigger audience.
It has a number of benefits that make it better than cash or credit cards that include a BCH is chargeback-proof; b there are zero to low transaction fees associated with Bitcoin Cash; and c accepting BCH makes business more attractive to certain types of customers among others.
Unlike credit card transactions, Bitcoin Cash transactions cannot be reversed. Once funds are sent the payments are final unless the merchant consents to a refund. Companies I worked with often experience this scenario:. They ship the product out and the tracking code says it arrived. Months later they hear from the credit card company that the customer never received the product or that the charge was the result of fraud.
Now the merchant has to refund the charges and cover the cost of the item and shipping costs. At scale this can add up to tens of thousands of dollars per year. Bitcoin Cash eliminates this so that you can focus on making sales and growing your company. Since Bitcoin Cash is decentralized and what merchants accept bitcoin cash network operates without middlemen, fees are almost non-existent.
At the time of this writing, the median transaction fee is 0. I was recently at a bar in Tokyo and when we showed the owner how to accept Bitcoin Cash he immediately set it up and started accepting it on the spot.
This has been my experience with most businessmen I meet. Even better, Bitcoin Cash will enable you to accept micropayments on your site. If you want to sell a digital product for a few cents, for example, you what merchants accept bitcoin cash do it! Anyone who has experienced the process of checking out with Bitcoin Cash knows how easy it what merchants accept bitcoin cash be.
Just enter your name, shipping info and pay! One or two less steps at checkout means less abandoned carts and more revenue. Bitcoin Cash has been on an appreciation trend since its launch. Accepting Bitcoin Cash enables merchants to widen their customer base.
A growing number of consumers are starting to use BCH to purchase goods and services. Accepting the digital currency could be just the thing to set you apart what merchants accept bitcoin cash get them to choose you.
Not only that, but BCH can be used by anyone in the world who has a cell phone. Bitcoin Cash is market driven and since it is new, its value can swing a good deal. What merchants accept bitcoin cash is great when the price is going up, but it can be challenging if the price goes too low. You get the benefits of accepting Bitcoin Cash without the downside. While nobody but you knows your business and your risk tolerance, my general belief is that businesses that accept Bitcoin Cash should hold at least some of their earnings in Bitcoin Cash.
The price is going up on the whole and it could be a wonderful long term investment in your business. There are a loud but dwindling number of people in the cryptocurrency ecosystem who have made it their mission to loudly signal against Bitcoin Cash.
The guy on black hat world offfering to people to post in the site for money? Rest assured, these trolls go away quickly and the noise they make has no real power to disrupt your business. The fact is that Bitcoin Cash is used daily on Shopify stores around the world, at places like Newegg, to donate to non-profits like The Electronic Frontier Foundation, Mises Institute, The Internet Archive, as well as helping people get basic necessities in countries experiencing monetary collapse like Venezuela.
These coins are only as good as what we do with them. And given all the benefits of Bitcoin Cash, its potential for good and for growing what merchants accept bitcoin cash business far outweighs the cons of a few bad actors. The split happened after years and years of debates over how to scale Bitcoin properly.
One side believed Bitcoin should be more like a banking settlement layer or digital gold with high fees and slow transaction times. The other side believed Bitcoin should be decentralized digital cash that was fast and easy to use for all daily commerce. BTC became increasingly slow and unreliable while BCH maintained its low fees and fast times making it effective for bCommerce. While businesses like Steam Gaming have dropped Bitcoin, tens of thousands of new companies have started to accept Bitcoin Cash.
If your goal is paying customers, use Bitcoin Cash. While Bitcoin Core fees have dropped significantly since then because less users are transacting with it, it is still too high to be reliable in commerce and fees can spike periodically, further harming your ability to accept Bitcoin Core payments. As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin. Unfortunately, Valve has no control over the amount of the fee.
These fees result in unreasonably high costs for purchasing games when paying with Bitcoin. The high transaction fees cause even greater problems when the value of Bitcoin itself drops dramatically. This creates a problem for customers trying to purchase games with Bitcoin. When checking out on Steam, a customer will transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin to cover the transaction fee charged by the Bitcoin network.
The amount it can change has been increasing recently to a point where it can be significantly different. The normal resolution for this is to either refund the original payment to the user, or ask the user to transfer additional funds to what merchants accept bitcoin cash the remaining balance.
In both these cases, the user is hit with the Bitcoin network transaction fee again. With the what merchants accept bitcoin cash fee being so high right now, it is not feasible to refund or ask the customer to transfer the missing balance which itself runs the risk of underpayment again, depending on how much the value of Bitcoin changes while the Bitcoin network processes the additional transfer.
At this point, it has become untenable to support Bitcoin as a payment option. We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date. We will continue working to resolve any pending issues for customers who are impacted by existing underpayments or transaction fees.
Unfortunately it appears that the BTC developers and community have no real intention of fixing this any time soon. What merchants accept bitcoin cash a related point, the Bitcoin Cash community is dedicated to using their Bitcoin Cash to spread adoption.
They spend their Bitcoin Cash regularly and will be excited to use it at your store in a way no other cryptocurrency community is. Any businesses that need payment system functionality should upgrade to Bitcoin Cash immediately. Bitcoin Cash purchases what merchants accept bitcoin cash unaffected and working smoothly.
BCH is designed to be useable by as many people as possible, regardless of how much money they earn, what country they live in, or how accessible the internet is for them.
Still interested in accepting Bitcoin Cash payments? The first step is for you to briefly acquaint yourself with how Bitcoin Cash transactions work. This is not, strictly speaking, a mandatory step, but I highly recommend it. Download a wallet from Bitcoin. All the instructions are provided on the site and you can experience in seconds your very first Bitcoin Cash transaction. What merchants accept bitcoin cash up your wallet following the instructions inside the application and review the security and storage recommendations provided at Bitcoin.
If you already have an existing eCommerce site, you can quickly get started with Bitcoin Cash by integrating your store with a Bitcoin Cash payment processor. Many ecommerce platforms Shopify, for example already have existing integrations, which makes setting up Bitcoin Cash payments pain free for people with even the most basic technical knowledge.
It was made originally for Bitcoin Core but what merchants accept bitcoin cash will work perfectly well for Bitcoin Cash. BitPay is one of the easiest solutions to integrate with your store and it will allow you to support both Bitcoin Cash and Bitcoin Core payments. You can choose to get payouts in cash to protect yourself from volatility or coming soon! No credit card info required. A customer can copy the address or open the QR code and scan it directly on what merchants accept bitcoin cash phone to pay.
You might also include a link to Bitcoin. Customers can now go through the standard checkout process and will have the option to select Bitcoin Cash. Bitcoins and Bitcoin What merchants accept bitcoin cash both hold value and are safe and convenient for online payments, at the moment however Bitcoin Cash is faster and cheaper to use. Bitcoin Cash is technically different. It can process many more transactions per day than Bitcoin which speeds up processing times and reduces fees. WinADay provides information on the three cryptocurrencies on its website: Bitcoins Bitcoin Cash Litecoin.
For nearly ten years, WinADay Casino has offered unique slots, video poker, Keno and Roulette games to players all over the world. We will make sure your announcement gets spread around the internet. This is a great way to get traffic to your announcement and exposure to your products. My personal site what merchants accept bitcoin cash gets hundreds of visits a day from it when I publish articles. Both of them often do news stories on businesses that decide to adopt Bitcoin Cash.
When our company, Praxis, launched Bitcoin Cash payments they reached out for an interview what merchants accept bitcoin cash drove a ton of traffic to our site and gave us a nice digital asset to pass around.
