Bitcoin Payments for Restaurants
As payment technology evolves, your options for keeping up with the latest customer trends have broadened, especially with Bitcoin. Offering Bitcoin as a payment option for diners will allow you to receive instant, fraud-free digital cash directly from customers. Customers will be able to send payments to you from their phone, with lower fees and without any chargeback risk to you.
Get Started For FreeWhy restaurants should accept Bitcoin payments
Instant Payouts and Payments
Traditional international payment methods like debit and credit can take several business days to finally settle from your payment processor to your bank account. With Bitcoin, payments can be delivered instantly and become spendable, without any potential hang-ups or additional steps needed for you or your diners.
Increase Your Profit Margin
Receiving payments can get expensive as you have to deal with hefty processing fees, either through online booking services or in person with debit or credit cards. Accepting payments with Bitvora are as low as 0.3%, which is up to 90%-95% less expensive than traditional payment processors.
Attract New Clientele
Bitcoin is an international currency, businesses who attract tourists can offer a simple way for customers to pay without costly currency conversion. Bitcoin is money without borders. Bitcoin is completely global and as long as you have internet access (even partially), you can send and receive Bitcoin payments. Restaurants in tourist hotspots or with a tech savvy clientele, can especially benefit from accepting Bitcoin.
Improved Security and Fraud Prevention
Unlike debit or credit cards, 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 customers’ bills, knowing that you’re safe from having those funds reversed.