Due to its low transaction costs, international acceptance, and lightning-fast blockchain construction, Bitcoin has become a popular choice among businesses today. Bitpace distinguishes itself as a cryptocurrency payment gateway to streamline the procedures for any company hoping to take advantage of the benefits associated with cryptocurrencies. Today we will discover how Bitpace integration can enhance the many benefits that businesses can obtain from using Bitcoin for payment transactions with this in-depth guide that we have put together for you.
Why Should You Choose Bitcoin To Accept Payments?
Businesses today typically use Bitcoin as a payment method to provide security and transparency because of its blockchain structure. Even though cryptocurrencies are typically thought of as extremely volatile financial instruments, there are several things that make Bitcoin unique, like its market capitalization and approval as an ETF. Here are three reasons why businesses may accept Bitcoin as payment:
1) Low Transaction Fees: Money transfer transactions in the traditional banking system can sometimes be very expensive for individuals and businesses. However, Bitcoin transparently guarantees an extremely smooth transfer process with no third parties involved and charges much lower transaction fees than traditional banking for money transfers.
2) Faster Settlement Times: An important consideration for businesses that make frequent money transfers is the time to complete the transactions. One of the most frequently used methods of sending money today is through the use of banking systems as an intermediary. However, the occasional delays in such traditional money transfer transactions can cause businesses to lose time and cash. On the other hand, sending money through Bitcoin does not involve any intermediary, and the transaction is usually completed within a few minutes to a few hours depending on the network density. The fact that all transactions can be transparently tracked on the blockchain can reflect both the security and the estimated arrival time of the funds.
3) Cross-Border Transactions: Among other advantages, Bitcoin also offers businesses cross-border money transfer transactions. All you need to make a payment to any person or business is a cryptocurrency wallet that supports the Bitcoin network, and it does not matter where the owner of the receipt address is located. While all kinds of money transfer transactions are easily realized on a global scale very quickly, the fact that it does not recognize any borders, along with all the other advantages it provides, has made Bitcoin a favorite in international payments.
How Does Bitpace Crypto Payment Gateway Work?
The Crypto Payment Gateway acts as a seamless bridge between merchants and customers, allowing businesses to accept digital currencies as payment methods. Bitpace’s seamless solution automatically converts cryptocurrency transactions into the fiat currency of your choice in real-time, with the assistance of our integrated liquidity providers.
Receive payments in Bitcoin (BTC): Bitpace allows you to receive payments in more than 70 top cryptocurrencies seamlessly, businesses can send and receive money in Bitcoin anytime and anywhere.
Accept Bitcoin (BTC) payments at checkout: Bitpace’s developer-friendly API can be seamlessly integrated into the checkout page of businesses, guaranteeing no hang-ups when receiving payments in Bitcoin. Setting up the gateway is a breeze, thanks to the ready-to-go design and plug-ins, set to work with some of the top e-commerce platforms.
Get Bitcoin (BTC) payments via the link: Create unique payment links for customers for each purchase or payment. Then share the payment link via message or e-mail, and get paid in Bitcoin securely from anywhere in the world!
Receive Bitcoin (BTC) payments in large sums: Bitcoin payments don’t have amount limits. In case of any need to send or receive large sums, crypto makes it easy to get payments fast. Without the transfer limits and delays of traditional payment rails, any payment will be reflected in no time.
Receive Bitcoin (BTC) payments 24/7: Bitcoin payments are not limited by traditional working hours, holidays, or sick days. Instead, any business can get paid right away with crypto from anywhere in the world, no matter the time or day.
E-commerce
For businesses interested in E-Commerce, it is of great importance to realize the purchase and sale of products and services quickly and smoothly to maintain customer satisfaction. With Bitpace, which has direct integration with major E-Commerce sites such as WooCommerce, OpenCart, and Magento, you can track your orders and payments via the dashboard, automatically convert crypto payments to fiat currencies, and benefit from a dedicated account team!
Payment Service Provider (PSP)
The slow and costly nature of traditional banking also poses a major challenge for payment service providers. The Bitpace integration enables a PSP Business to accept Bitcoin payments and benefit from low maintenance fees, zero chargebacks, and a seamless cryptocurrency trading product within Bitpace.
Travel Industry
Continuing to produce solutions on a sectoral basis, Bitpace enables businesses in the travel industry to buy and sell goods and services with cryptocurrencies. Through the cryptocurrency payment methods provided by Bitpace to businesses in the travel industry, you can attract the attention of millennials and Generation Z, support travelers to have a smooth travel experience, and allow your business to gain a global reputation!
FX Brokers
Among the most important problems faced by FX brokers are rising costs and slow transactions. However, with Bitpace, you can reduce your costs and speed up your transactions. In addition, you will be able to receive both crypto/fiat and crypto/crypto payments and trade goods and services securely and transparently.
Real Estate World
The execution of transactions in the real estate world in a secure and transparent platform is of great importance considering the use of very high amounts of money in the buying and selling transactions. Real estate companies integrating Bitpace can easily carry out high-volume crypto transactions, make payments in a secure, fast, and transparent manner, and turn anyone interested in buying or selling real estate with cryptocurrency into a potential customer.
Advantages of Bitpace Integration to Accept Crypto Payments
Security & Privacy: The security of businesses is Bitpace’s top priority. The payment gateway uses advanced encryption and authentication tools to ensure every transaction is secure and protects sensitive information. In addition, transactions through Bitpace’s payment gateway come with enhanced privacy. Personal and financial information remains private, giving both merchants and customers peace of mind.
All-In-One Merchant Panel: Bitpace’s merchant panel provides detailed information with easy-to-understand visuals to all businesses integrated with Bitpace. Businesses can monitor and manage all deposits and other transactions through a single interface.
Easy Cross-Border Payments: By eliminating the need for currency conversion, Bitpace’s crypto payment gateway simplifies cross-border payments, making it easier for businesses to expand globally.
Auto Conversion: Received crypto funds can be automatically converted into preferred settlement currencies (EUR, USD, USDT, USDC). Stop losing time and money due to market fluctuations or conversion errors with Bitpace.
Can Bitcoin Volatility Affect My Transactions?
Although cryptocurrencies are considered to be inherently volatile assets, Bitcoin is one step ahead of other cryptocurrencies given its market capitalization. Businesses integrating Bitpace for accepting payment can mitigate the risk caused by volatility through the instant conversion of Bitcoin to any currency and protect profits from adverse market movements!