Any businessman who’s running an online business should be looking for a killer feature that will increase customers acqusition and further expansion of your service. Accepting cryptocurrency as payment for your services or products might be a great option.
Cryptocurrency payment solutions can provide your business with the flexibility and convenience of accepting payments from anywhere in the world and enable further expansion. Also, it is perfect for marketing purposes; your company will indeed benefit by being an early adopter. In 2019 few big online retailers have started to introduce Bitcoin payment options, and you can purchase everything from gadgets and services to pizza.
Here are a few major companies that are currently accepting Bitcoin.
Despite some initial scepticism, Microsoft founder Bill Gates now seems to be a strong advocate of crypto. In the past, Microsoft paused its acceptance of crypto but resumed their service shortly after that. You can make bitcoin payments for games, movies, and apps in the company’s online store. You can use bitcoin to deposit funds into your Microsoft account and complete your online purchase. The downside, however, is that money added to your Microsoft account using Bitcoin can’t be refunded. Also, tech support for bitcoin payments is not available in all countries and regions.
They allow its customers to pay for everything from laptops and TV to home goods with all the major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, Monero and Bitcoin Cash. To use this feature, simply choose your preferred currency at checkout and finalize your purchase. Unlike Mircosoft Overstock processes refunds in Bitcoin. The refund will be issued for the full USD value of the order and processed through Coinbase using the email address listed on your account.
While you can’t spend bitcoins on every website, you can use your cryptocurrency to purchase gift cards for many places that don’t accept bitcoins yet. eGifter is a gift card site that lets users buy gift cards for all kinds of goods and services, including major stores like Amazon, Sephora, Home Depot and many more. eGifter has Coinbase as its payment process partner.
Since early 2018, several Subway branches have accepted both Bitcoin and Litecoin. The participating Subway stores have been spotted around the world, including the US, Russia and Slovakia.
T-Mobile in Poland has allowed its users to top up their prepaid phones with additional credit using Bitcoin since 2018. The project is in a pilot phase, and we are looking forward to seeing whether it is deemed a success and rolled out to other markets.
There are several cryptocurrency payment service providers out there. Some of them has been around since 2013 and allow you to accept more than 1480+ cryptocurrencies including Bitcoin, Monero, Ethereum and many others. They offer many pre-made shopping cart plugins or integration via API that you can use for your merchant store, or you can code it yourself as well. The industry is still new an some of the providers have to use walkarounds which require extra steps for the customer. Also, there are many limitations, like no refund options and tech support.
With Mercuryo Pay your customers won’t experience any inconvenience related to the complex payment process, multiple intermediaries and lack of support.
Let’s say your client wants to buy pizza. The process is simple:
1) Client orders a pizza and selects the crypto payment option.
2) Client learns the amount in BTC and sends it to us(we keep the fixed rate at that time so that client don’t get bothered by volatility).
3) Mercuryo receives the payment in crypto and notifies the merchant (you).
4) You notify the client that order has been paid.
5) Mercuryo exchanges your crypto to fiat.
6) A client gets pizza.
7) You get the amount in EUR to your bank account.
All that takes just the same time as traditional fiat payment so no extra steps and inconvenience at all. At the same time, you don’t take any risks related to volatility, legal compliance and many more since Mercuryo is processing crypto payment and you receive a regular payment in EUR.
Open the door to new opportunities for your bisiness and allow your customers pay in cryptocurrency with a little help from Mercuryo.