Why is bitcoin good for businesses?

Why should you sell and buy bitcoin with bank accountfor your business? Bitcoins tend to be an inexpensive and secure way of handling payments. And when you use it in your business, you are going to enjoy the following advantages:

Will be able to choose your own fees
You will not be charged a fee for receiving bitcoins and many bitcoin wallets allow you to control how small or large a fee you will be charged for spending your funds. Most available wallets charge a reasonable default fee with higher fees attracting a confirmation that is faster on your transaction. The fees don’t relate to the amount which you are transferring. Meaning, you can be charged same fee for sending 100 bitcoins and 1000000 bitcoins.
Be protected against fraud
Any business that accepts PayPal or credit cards goes through some crazy problems in terms of reversed funds. When there is chargeback fraud, it means that you will have a limited market to reach as a business as well as increase in prices, penalizing customers in the process.
Payments through bitcoins are secure and irreversible denoting that, cost of fraud is not there which then makes your goods and services to be affordable as you don’t push unwarranted costs to your customers.
Fast payments for international transactions
When you send bitcoins internationally, it is the same as sending it across your next street. There will be no waiting charges the way banks do, no fees for international transfers and no limitations when it comes to minimum and maximum amounts that you can send.
Given some free visibility
Being an emerging market, cheapest way to buy bitcoin has new customers searching for ways in which they would be able to spend their bitcoins. When you accept such customers, you will add them to your already existing clientele. Adding a new payment option is a good way of practicing online businesses.

Posted in Service | Tagged | Comments Off on Why is bitcoin good for businesses?