Here are the Most Popular Bitcoin Merchant Services

Bitcoin Merchant services

Did you know you can now accept Bitcoin cash payments both online and in-store? In this post, we are going to discuss the most popular Bitcoin merchant services.

Are you operating any online or offline business? Yes. Are you accepting Bitcoin as a method of payment for your products or services? No. If these two questions and answers ring a bell to you, then keep in mind that you are committing a big mistake. It’s time for you to start accepting Bitcoin as a method of payment.

For those who are not aware yet, Bitcoin is known as the currency of the internet and it is gaining fast adoption and acceptance all over the world.

Satoshi Nakamoto was the one who made a groundbreaking invention of computer science in the form of Bitcoin. This digital currency allows merchants to accept payments at any time and anywhere in the world.

The good news is that merchants who are running their online business on WordPress, Shopify or any other similar online platform can now start accepting Bitcoin as a method of payment.

Bitcoin should not only be restricted to online businesses. In fact, offline businesses should also start accepting Bitcoin as their method of payment.

To know how that happens, you need to know about Bitcoin merchant services or Bitcoin payment gateways for merchants. Bitcoin merchant services make it possible for your business to start accepting Bitcoin as payment method.

Most Popular Bitcoin Merchant Services

Let us get to know about Bitcoin merchant services that will allow your business to start accepting Bitcoin.

BitPay

BitPay is one of the leading Bitcoin payment processors and it has been around since Bitcoin was rolled out back in 2011. This US-based Bitcoin payment processor offers a lot of features.

Using the BitPay app, you can accept Bitcoin as method of payment for over more than 40 integrations with leading e-commerce platforms and point-of-sale systems. You can also convert Bitcoin into 8 fiat currencies for bank deposits in 38 different countries.

Coinbase

Coinbase is one of the world’s biggest and most popular Bitcoin exchanges. Other than trading Bitcoin on Coinbase, you can also use this exchange for accepting Bitcoin payments for your business.

Like BitPay, Coinbase also has its own merchant app available for businesses, allowing them to start accepting Bitcoin where you can accept payments in Bitcoin and then immediately convert the payments into fiat in order to save yourself from price instability.

Coinbase merchant solutions also offers several options for both online and offline businesses to start accepting Bitcoin as payment method.

At the moment, Coinbase is only available in restricted countries, so it is recommended to check that your country is on the list before opting for Coinbase.

CoinGate

CoinGate is a Bitcoin merchant service that allows your business to accept Bitcoin or altcoin payments and receive payouts in other leading currencies such as USD, EUR, or BTC.

CoinGate offers a wide variety of solutions when it comes to various types of business needs such as APIs, plugins for e-commerce, and point-of-sale applications with payment buttons for different platforms such as Android, iOS, and web.

Apart from Bitcoin, this service also supports altcoin payments with ShapeShift integration.

SpectroCoin

Based in Europe, SpectroCoin is a Bitcoin merchant service with a decent customer base. It also offers a variety of options for businesses.

This merchant service aims to create substitute payment options for customers and businesses around the world with their ready-to-use solutions such as Bitcoin payment processing APIs, e-commerce plugins, and other payment integration tools.

Presently, SpectroCoin supports withdrawals in several countries with different fee schedules.

CoinsBank

CoinsBank is a Bitcoin merchant service, payment processor, exchange and wallet provider based in the UK. You can use CoinsBank instant merchant invoice management app to receive payments in Bitcoins irrespective of whether you are running an online or offline business.

Moreover, you can also receive withdrawals in several fiat currencies.

These were some of the top and most popular Bitcoin merchant services that allow you to accept Bitcoin as payment.