Bitcoin Payments for Cross Border Payments
With the advent of Bitcoin and the Lightning Network, transferring money across international borders has completely changed. The old fashioned way of transferring money digitally through SWIFT bank wire payments, or physically using foreign exchange currency providers is no longer necessary..
Get Started For FreeHow Bitcoin Has Changed The Game For International Payments
Instant Payouts and Payments
Traditional international payment methods like SWIFT can take several business days to finally reach their destination. With Bitcoin, payments can be delivered instantly and become spendable, without any potential hang-ups or additional steps needed for your customers or suppliers. Attract new international customers, suppliers or users by offering a much faster option for sending and receiving money.
Global Reach
Do business with clients in any country without restrictions and without costly currency conversion fees. Bitcoin is money without borders. Bitcoin is completely permissionless and as long as you have internet access (even partially), you can send and receive Bitcoin payments.
Smaller Payments Made Simple
Small payments are not practical when sending through traditional methods like a bank wire, as it can be costly and time consuming to submit a bank wire. The Bitcoin lightning network allows you to send and receive payments less than $0.01, for the cost of a tiny fraction of this amount. You can now pay suppliers, partners and users in less than a minute, for small invoices, allowing you the flexibility of offering smaller, quicker payments..
Improved Security and Fraud Prevention
Unlike cheques or wires, payments made with bitcoin can only be made by the bearer and are irreversible. There is no chargeback risk. This protects you when receiving payment for a bill of goods or services, knowing that you’re safe from having those funds reversed.
Minimize Costs
Conducting business across borders can get expensive as you have to deal with sending and receiving payments with hefty fees, either through services such as Paypal or through bank wires. Accepting payments with Bitvora are as low as 0.3%, which is up to 90%-95% less expensive than traditional international money services.
