So, kick back and get ready to learn the quirks of online dating payment processing presented by the payment processing gurus. For starters, you need to know that the online dating market has grown by 25% in the last year and is now ranking among the top five industries with an average transaction over 5 EUR.
Bitcoin emerged from the need of a currency that wasn’t controlled by a central authority. One that can be used to pay for goods and services.
First, people were using it for Pizza (not really a wise decision). Today, Bitcoin can get you so much more than a pepperoni slice. In this article, you’ll learn how to buy with Bitcoin anywhere.
Nowadays, you can pay with cryptocurrencies in almost any shop. While there are plenty of retailers that do not accept cryptocurrency directly, you can use an alternative Bitcoin payment method like a debit card to turn BTC into cash whenever needed.
Using a Bitcoin debit card is probably the most comfortable way to pay since it is a widely accepted method and the shop owner will receive fiat currency. That said, it’s important to find a card that offers good exchange rates and it’s available in your country.
Blockchain technology makes Bitcoin payments transparent. All transactions are recorded on a public distributed ledger. In other words, anyone can find a transaction there. But… is that enough to guarantee safe payments? Short answer: no.
If you transfer $100 from your bank account to an unknown seller, you’re taking a risk. The same logic applies with digital currencies. However, there’s a difference. Transferring fiat money isn’t a straightforward process as money usually moves through a complex network of intermediaries until it reaches its final destination.
That payment window gives you the ability to block or cancel a transaction in case something goes wrong. With Bitcoin, there are no intermediaries and transactions go straight to the other end. That said, getting funds back could be challenging if not impossible. Before paying with Bitcoin, always double check the following:
Paying with Bitcoin with a mobile wallet is the go-to choice if you’re dealing with either a person or business that accepts Bitcoin as a payment option.
The first step is to open a wallet. The Crypterium Wallet is available for both iOS and Android devices, as well as any browser. Regardless of which wallet service you choose, always make sure the service is free, secure and compliant with regulations.
If you’ve downloaded the Crypterium Wallet on your mobile device, your BTC address is automatically generated and you can quickly find it by clicking on “Top up”.
If you intend to purchase something with Bitcoin, you’ll need Bitcoin. Smart, right? There are two basic ways to load your wallet, you can either transfer funds from another wallet or you can purchase some.
Hopefully for those using the Crypterium Wallet, you can buy BTC with a debit or credit card effortlessly, with instant BTC delivery and the lowest commission on the market.
Regardless of which cryptocurrency service you’re using, the final step is always to enter the wallet address of the receiver. As previously outlined, you can enter it manually on the wallet app or scan the QR code.
Crypterium offers a different approach to smooth the process. Instead of entering the wallet address of the seller, you can input a mobile phone number or select a contact from your phonebook.
The seller receives a SMS with a link to a brand new Crypterium Wallet loaded with the funds. Then, he or she can decide whether to keep them there or do something else with them.
Using a Bitcoin debit card is strongly advised when the seller does not accept Bitcoin. In this case, a crypto debit card allows you to easily convert your digital currency into fiat money.
Nowadays, there are several companies offering Bitcoin debit cards. Choosing the right one for you will largely depend on three factors: where you live, which currencies you use, and how much you are willing to pay for it.
If you’re planning on ordering the Crypterium Card, simply go to the ‘Card’ section to apply for a VISA card. Our cards are available in more than 200 countries.
Once you have a card, it’s time to load it with Bitcoin. For Crypterium Card holders, the top up process takes only a few taps to complete.
In the ‘card’ section, click on ‘load’ and enter the amount of BTC (or other cryptocurrency) you would like to top up. The BTC is exchanged to U.S. dollars using a competitive exchange rate.
Paying with a Bitcoin card feels exactly the same as paying with any other card. If you’re shopping online, you’ll need to enter the payment details. For physical stores, payments are processed once you swipe or tap the card at the POS.
The Crypterium Card offers a virtual card which is ideal for buying with Bitcoin online. The plastic cards (UnionPay and Visa) are equipped with NFC technology.
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Bitcoin has been in the news a lot lately. Several major online retailers – such as Steam and Overstock – have even begun accepting this type of currency. That means it might be time for you to consider doing the same.
Fortunately, you don’t need to know much about Bitcoin to accept it as a form of payment. In fact, some services such as Coinbase can automatically take your Bitcoins and turn them into hard currency. From a practical standpoint, it’s just as if you had accepted a regular payment.
In this article, we’ll talk about why you should consider accepting Bitcoin payments on your site, and introduce you to three ways to do it. Let’s get down to business!
Bitcoin is a decentralized, peer-to-peer network that enables its users to send money to each other. Basically, it’s a tool you can use to send and receive digital payments from anyone almost instantly, in any part of the world.
This cryptocurrency has grown a lot since its inception in 2009, and adoption is at an all-time high. If you do business online, it makes sense to consider accepting Bitcoin alongside other payment methods, because:
Technically, any business can accept Bitcoin. However, it’s particularly useful for websites that sell digital goods and services. Using Bitcoin enables you to process payments with lower fees and receive money instantly. This currency is also well suited for sites that need to receive international payments, since it’s much faster than bank transfers from one country to another.
In this section, we’re going to introduce you to two Bitcoin payment processors and a manual method. Let’s start with the former.
Coinbase is one of the largest Bitcoin exchanges. On top of enabling regular users to buy and sell Bitcoin using their credit cards and bank accounts, Coinbase also offers a merchant service.
You can sign up to the platform’s merchant service either as a business or as an individual. Either way, you’ll be able to start accepting Bitcoin payments on your site, which will go directly into your Coinbase account. Then, you can use the service to convert those coins and withdraw them to your bank account for a 1% fee. The service is entirely free aside from that, and if you want to keep your Bitcoin there is no fee to do so.
Overall, Coinbase is an excellent choice for businesses that want to keep some of their holdings in Bitcoin. If your website sees a significant amount of sales, you can also benefit from setting up daily withdrawals to your bank.
Just like Coinbase, BitPay enables you to receive Bitcoin payments and transform them into bank withdrawals for a 1% fee. However, unlike Coinbase, this platform doesn’t pull double duty as an exchange. Instead, it’s all about payment processing.
BitPay has made a name for itself in the field, and it’s the Bitcoin payment processor of choice for platforms such as Shopify and Steam. It supports dozens of integrations with major platforms, and you can use it to accept one-time payments, set up subscriptions, and even receive donations. Plus, it takes care of invoicing and record-keeping for you, which makes it ideal for websites that want an all-in-one solution.
One of Bitcoin’s main selling points is that you don’t need to rely on third-party services to use them. If you want to, you can accept Bitcoin payments on your website without having to go through another platform.
The process is relatively simple – just generate a Bitcoin address for each sale you make on your site, and provide instructions for how much money people should send. You’ll receive the coins in your wallet, and you can process the order as soon as the transaction is confirmed.
Of course, if you use this method, you’ll have to take care of invoicing and billing on your own. You’ll also need to arrange delivery for any items or services you sell, and provide payment addresses manually. This is potentially a lot of work, but it does cut out the middleman. That makes this method ideal for websites that only need to accept Bitcoin payments from time to time, or that see small sales volumes.
It’s hard to know what’s going to happen with Bitcoin in a few years. For now, however, it makes sense to consider accepting this currency for payments on your website, because there are a lot of people using it. Fortunately, there are plenty of methods that enable you to start accepting Bitcoin without too much fuss and continue with business as usual.
Here are three of our favorite methods that enable websites to accept Bitcoin payments:
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