Bitcoin Payments for Online Marketplaces
Every year, more and more online marketplaces are choosing to integrate Bitcoin and Lightning Network payments. Allowing instant, cheap, irreversible Bitcoin payments is bringing a whole new set of advantages to online marketplaces who wish to add Bitcoin as an additional form of payment alongside credit cards and Paypal, or completely replace their traditional payment flows.
Get Started For FreeHow Bitcoin Is broadening the range of what Online Marketplaces can offer
Micropayments
Micropayments aren’t possible on traditional payment processors because of the high base fee. The bitcoin lightning network allows you to send payments less than $0.01, enabling new innovative pay per use business models. Broaden the horizons of what products and services you can offer with frictionless micropayments, opening the door to microtasking and low cost digital products.
Instant Payouts and Payments
Typical online payments such as credit cards and Paypal are often subject to holding periods and don’t instantly settle. With Bitcoin, payments can be delivered instantly and become spendable, without any potential hang-ups or additional steps needed for your customers or suppliers. Deliver products and services to customers faster, with payments that are secure and spendable in an instant.
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 preferable to customers in countries that have difficulties or restrictions in payments and banking. Bitcoin is becoming the currency of the internet.
Improved Security and Fraud Prevention
Unlike credit cards, debit cards or Paypal, payments made with bitcoin can only be made by the bearer and are irreversible. There is no chargeback risk. This protects you and your customers goods or services, knowing that you’re safe from having those funds reversed.
Minimize Costs
Operating an online marketplace is a lot of work and comes with many risks, you shouldn’t have to lose 10% or more of your revenue in payment processing fees. Accepting payments with Bitvora are as low as 0.3%, which is up to 90% less expensive than traditional payment processors.
