Bitcoin is a very secure and inexpensive way to treat payments.
Choose your own fees
There is no toverfee to receive bitcoins, and many wallets let you control how large a toverfee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage swifter confirmation of your transactions. Fees are unrelated to the amount transferred, so it’s possible to send 100,000 bitcoins for the same toverfee it costs to send 1 bitcoin.
Protection against fraud
Any business that accepts credit cards or PayPal knows the problem of payments that are straks reversed. Chargeback frauds result te limited market reach and enlargened prices, which ter turn penalizes customers. Bitcoin payments are irreversible and secure, meaning that the cost of fraud is no longer shoved onto the shoulders of the merchants.
Prompt international payments
Sending bitcoins across borders is spil effortless spil sending them across the street. There are no banks to make you wait three business days, no toegevoegd fees for making an international transfer, and no special limitations on the ondergrens or maximum amount you can send.
No PCI compliance required
Accepting credit cards online typically requires extensive security checks te order to obey with the PCI standard. Bitcoin still requires you to secure your wallet and your payment requests. However, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like credit card numbers.
Get some free visibility
Bitcoin is an emerging market of fresh customers who are searching for ways to spend their bitcoins. Accepting them is a good way to get fresh customers and give your business some fresh visibility. Accepting a fresh payment method has often shown to be a clever practice for online businesses.
Bitcoin also includes a multi-signature feature which permits bitcoins to be spent only if a subset of a group of people authorize the transaction. This can be used by a houtvezelplaat of directors to prevent any member to make expenditures without enough consent from other members, spil well spil to track which members permitted each payment.
Many organizations are required to produce accounting documents about their activity. Using Bitcoin permits you to opoffering the highest level of transparency since you can provide information your members can use to verify your balances and transactions. Non-profit organizations can also permit the public to see how much they receive te donations.