How to Accept Bitcoin Payments 

WhitepayPosted 31.08.2022 • 7 mins read
How to Accept Bitcoin Payments

Cryptocurrencies are swiftly gaining popularity and becoming an international payment method. Nowadays, about 300 million people are actively using crypto worldwide. There are many reasons why crypto payments are so trendy, and foremost it's easy, fast and secure.

Paying with bitcoin no longer sounds like a dream or fiction. In some online stores, you can already pay for a gadget in cryptocurrency. Or come to a coffee shop and pay for your order with bitcoin or other cryptocurrencies.

Forward-looking and progressive businesses that want to increase their incomes consider how to accept bitcoin payments. If you're going to sort out this issue and find out how to start accepting bitcoin payments, this article will be helpful for you.

Why should you accept bitcoin payments on your website?

You can take a look at such powerful companies as Tesla, Microsoft, Starbucks or Rakuten that already accept payment in bitcoin. These giants are trying to create modern, innovative brand identity and give their clients more payment options.

Receiving crypto opens new doors for your business and rapid development. Your current customers will be satisfied with new, easy, fast and safe payment method. Moreover, you’ll attract new crypto loyal customers.

There are other benefits of accepting bitcoin payments on your website. Let’s discuss its: 

·   More flexible and fast payment method;

·   Entering international markets and audience;

·   Secure transactions;

·   No hidden fees;

·   Instant withdrawals;

·   Low commissions;

·   Transparent;

·   International recognition;

·   No conversion risk.

More and more people are just discovering the cryptocurrency world for themselves, as they have realized that it is the future. There is no time to delay - we must act now!

What do you need to receive crypto payments in your store? 

Deciding to accept bitcoin or any cryptocurrency as payment will pay you dividends in the near future. However those who have never experienced this payment method before may think it is too complicated. In fact, it's easier than it looks. Here are the main points. 

First of all, you need to create a cryptocurrency wallet. This wallet allows you to hold, buy and sell Bitcoin, Tether or any other cryptocurrency. Your funds will be protected by unique key and two factor authentication (2FA).  All transactions and other operations also will be safe and available.  Creating a crypto wallet is easy and takes only a few minutes. Especially if you do it on the WhiteBIT exchange.

Secondly, you need to choose a solution that will help you to integrate cryptocurrency payments on your website. In short, to launch cryptocurrency acquiring. That is exactly what Whitepay offers.

Whitepay it’s a part of crypto exchange WhiteBIT’S ecosystem that introduced cryptocurrency payments for online and offline stores. Company created a platform and POS-terminal (point of sale) that allow you to quickly and efficiently sell or buy cryptocurrency anywhere in the world.

Уou can easily create a large and complete network of your exchange offices with remote control and track transactions in real time. In addition, you will be able to pay and accept cryptocurrency, get access to detailed financial reports, analytics and be able to withdraw funds in national currency.

Due to the Whitepay platform and point of sale terminal merchants and customers can use more than 130 different cryptocurrencies. The plan is to expand the list of supported digital coins in the future. 

Any merchants and customers can be awarded of security. We understand how important security is to you: Whitepay guarantees a high level of protection for your funds and personal data. With every transaction, a one-time QR code is generated for your customers. In addition, there is a multi-layered security to keep your data and funds safe.

Nowadays, several Ukrainian stores already use the Whitepay platform for receiving bitcoin payments. Some tech stores in Ukraine accept cryptocurrency, so customers can buy new iPhone, headphones or other devices in bitcoin. By the way, this payment method came to mind for most clients. 

Moreover, many charitable funds use this solution to receive crypto donations and payments. Many fundraising organizations use this ready-made solution to accept bitcoin donations on the website. 

Many charities started accepting crypto donations. And there are specific reasons for this. Here are the main advantages:

  • Anonymous 

  • Convenient conversion to fiat

  • Acceptance of donations worldwide 

  • No taxes

  • Fast 

Now Whitepay cooperates with government platform United24 which raises money for Ukrainian Army, Ministry of health, affected civilians and to rebuild Ukraine.

To sum up: accepting bitcoin and cryptocurrency on your website

As you can see, crypto payments are gradually becoming more widespread. Many businesses have already considered all the benefits of accepting bitcoin on their website. If it’s legal to do so in your country, then you can start accepting bitcoin right now!

While others continue to doubt, you can launch crypto acquiring on your website, easily accept payments worldwide, and quickly convert it to preferred currency. Moreover, you don’t have to worry about risk, volatility, and security. You can get more information on the Whitepay website.