How to use bitcoin to make payment

This is an excellent opportunity to showcase your brand, so make sure you take it. Platforms and Integrations How you integrate your crypto payments will depend largely on the platform your site is hosted on. For the major platforms like Shopify, WooCommerce WordPress , and Magenta, there will be different plugins you can use for a quick setup. Different websites will require different solutions, but for the majority, the plugins do an excellent job.

Crypto was created to enable financial transactions between two parties without the need for a middleman, so you can always invite customers to contact you directly for Bitcoin payment options. What to Look for in a Crypto Payment Processor When you accept Bitcoin payment on your website, you want maximum value for your customer and your business.

Here are some considerations when choosing your payment processor. Transaction Fees How much do you get charged for each transaction? Payout Frequency Is it important for your business that your money comes in quickly? If so, you will want to consider payout frequency. While some crypto payment processors payout daily, others can take three to five days before processing your payment. ACH payments are recommended for companies requiring faster business funds.

Supported Countries Cryptocurrency is a delicate political issue. If you have problems with setup or the service goes down, then you want to be able to speak to someone immediately. Security The security of your business and its customers is essential.

Make sure the payment processor you choose takes security seriously, and stay up to date with your site maintenance. While I recommend you dig deeper into these companies and find the method that best suits your business, these are some of the easiest ways to start taking crypto payments on your site.

BitPay BitPay is one of the best options for websites that are looking to accept crypto payments. It offers different ways for your customers to pay, with payment buttons, hosted checkouts, and embeddable invoices, as well as a host of plugins and integrations. All of these are easy to set up, meaning you can start accepting Bitcoin payments without lots of hassle.

BitPay also helps protect you from volatility through its Zero Price Volatility feature and daily bank deposits. For a 1 percent transaction fee, this is a pretty attractive offer. Coinbase Commerce Coinbase makes it quick and easy for websites to start accepting Bitcoin payments. With a great app and excellent compatibility with most e-commerce platforms, you can start accepting crypto in an instant. It allows you to accept over cryptocurrencies and seamlessly exchange them into the currency of your choice.

NowPayments has good compatibility with the major e-commerce platforms, offers some great plugins, and has an excellent point of sale solution. With a maximum fee of 1 percent, it offers great value for money. At the point of sale, the crypto will be converted to your fiat currency e. Accept Bitcoin and Cryptocurrency Manually Bitcoin and other cryptocurrencies were designed to make it easier for individuals to make payments to each other without the involvement of a third party.

This makes it easy to simply speak with your buyer and organize your own payment. All you need is a cryptocurrency wallet, and you can start accepting cryptocurrency right away. What are the advantages of accepting Bitcoin on my website? Some advantages of accepting Bitcoin on your website are low transaction rates, more options for your customers, and brand loyalty.

What are the disadvantages of accepting Bitcoin on my website? The disadvantages of accepting Bitcoin on your website are price volatility and the fact that it can be a distraction for your customers. The authors and reviewers work in the sales, marketing, legal, and finance departments.

All have in-depth knowledge and experience in various aspects of payment scheme technology and the operating rules applicable to each. See full bio Last editedFeb — 2 min read Table of contents Bitcoin payment processors Knowing how to accept Bitcoin payments and other cryptocurrencies is becoming increasingly important for online businesses all over the world.

This is partly because it makes it easier to pay and receive payment by removing the need for a third party such as a bank. The manual process for Bitcoin payments is actually very simple, initiated by the customer facilitating a payment from their crypto wallet. Alternatively, businesses can generate a QR code for customers to scan and make the payment that way.

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Also, you can find out about the best wallets we know and trust. There are a number of exchanges where you can buy bitcoins. Buying bitcoins is a simple process, but if you need help, you can refer to our extremely simple guide for buying bitcoins. You will need your bitcoin wallet address to transfer bitcoins to your wallet. You should know how to get a bitcoin address using your wallet.

If you are sending bitcoins to another person, you can simply ask them to send their bitcoin wallet address. It will also ask you to enter the number of bitcoins you wish to send. It can take a few minutes for the recipient to see if the payment has been made. Depending on the state of the network, it can take at least 10 minutes or more for the first confirmation.

It takes 6 confirmations for a transaction to be permanent. Most wallets allow you to switch between regular and priority. Regular transactions take on average between 3 to 5 hours. Priority transaction will cost a bit extra but the transaction should be processed in 60 minutes at the earliest. Some wallets also allow you to manually enter the transaction fee. If you are not an experienced bitcoin user, I would advise you not to manually enter the transaction fee. Doing so can result in you paying more than you need to.

Or worse, if you pay less than the average transaction fee, your transaction will take a very long time to get processed. Well, in order to receive bitcoins, you need to find your wallet address and send it to the sender. After clicking on the receive tab, you will be able to see your wallet address. You can either copy and send the address to the sender or you can send the QR code of your address to the sender.

Once the transaction has been made, you will be able to see it in your wallet and the number of confirmations on the transaction. It is important to remember that the transaction must have at least 1 confirmation to be valid and 6 confirmations to be permanent and irreversible. The way bitcoin payments work may seem a little strange at first.

The company then uses the information to charge us. The entire process is based on trust, meaning you are trusting the company will not charge more than the agreed amount. Instead, the company will give you their wallet address and wait for you to make the payment to their wallet. Once the transaction has 6 confirmations, the company will consider the purchase complete. Although this is not the rule, most companies prefer to wait for all 6 confirmations for security purposes. Bitcoin payments are not restricted to online purchases.

There are a number of bricks-and-mortar shops that have started to accept bitcoin payments. If you find a shop that accepts bitcoin payments, all you have to do is scan the QR code using a wallet app and confirm the transaction. Overstock As you may have known, Overstock is one of the first biggest online retailers that allow customers to make payments with Bitcoin. This giant internet retailer started accepting Bitcoin as a valid mode of payment in You can pay for electronics such as TV, computers, and home appliances on the store using Bitcoin.

Expedia Expedia is one of the most prominent traveling and online travel booking agencies. It started accepting Bitcoin as payment for flights in The organization collaborated with Coinbase to incorporate paying with Bitcoin into its payment options and Coinbase served as an intermediary.

Although the organization stopped accepting cryptocurrency as a valid method of payment recently, there are future plans in place to review that. Destinia Destinia is a Spanish travel agency and also, one of the top virtual travel agencies in the world. The organization regularly strives to improve its user experience. Newegg Needless to say, Newegg is a top gun in the electronics retail industry. The online retailer accepts Bitcoin as the legal form of payment by partnering with BitPay as its payment processing partner.

Shopify The number of Shopify stores in the world continues to increase drastically. Shopify is a leading e-commerce platform that allows users from all over the world to set up their online stores. Although it is impossible to buy anything with Bitcoin itself, Shopify enables alternative payment providers such as Coinbase commerce that make it possible to pay with Bitcoin.

So… Does eBay Accept Bitcoin? As you know, eBay is a global marketplace with over million users. I could go on and on but these are the most reputable organizations in the varying industrial world that serve as a guarantee of the potential Bitcoin has in the future. Next, you need to know that it is important to store your Bitcoin into your wallet so as to make payments with them when necessary.

Where To Store Bitcoin Simply said, storing fiat currencies in the bank requires you to open an account that keeps a record of all your transactions. A Bitcoin wallet is similar to this; it is an account that shows a history of all of your purchases. Two main components make up a Bitcoin wallet: The public key The private key You can liken the public key to an account number.

When you need to receive cash into your account, you need to provide the sender with your account number. The public key works exactly like that. There is no threat to your account by giving them out. On the other hand, the private key contains all the information about your wallet. You can compare it to an account password.

Giving it out poses a threat to your account. There are several types of wallets. They include mobile, online, desktop, and paper wallets. The most secure wallet is the paper wallet, while the online wallet is the most easily accessible. For example: Bitwage is an example of such an intermediary. The only details needed to make payment is the wallet address you are making the payment to.

So I decided to add this to the topic. As you may have read above, the easiest way to pay with Bitcoin is to have a wallet. And the most popular wallet used by the crypto community is the online wallet, which is what you find on exchanges. However, there are a few ways that you can pay in Bitcoin without having a wallet. But it is important to note that some of these ways may come with additional charges.

To make payment with Bitcoin without a wallet, you need a third-party merchant who serves as an intermediary in this case. That way, you can pay the merchant in fiat currency, and they make the payments for you. Paying with PayPal can come with additional charges higher than Bitwage. It is also possible to find a Bitcoin holder ready to sell to make payments for you. This, in most cases, takes a lot of time and can be dangerous as there is no valid means to check the credibility of the seller.

The good news is: In the modern world, the Cash App has found wide usage as it allows you to transfer cash and receive cash. In a world where the usage of the Cash App has increased, I was thinking, is the Bitcoin payment method integrated into it? You bet!

You can easily make payment with Bitcoin on the Cash App. Nevertheless, before payment, it is essential to have a balance in the app. Also, it is possible to sell Bitcoin that you purchased in your Cash App.

Paying with Bitcoin on the Cash app additionally attracts charges which can vary based on the price volatility across US exchanges. Remember: With all options on how to buy and how to pay with cryptocurrency, it is important to view the link between the virtual currency and the traditional one. That was actually the reason why Bitcoin was born — to transfer money.

How To Transfer Money With Bitcoin Although Bitcoin is a virtual currency still, it has a value that is equivalent and can be evaluated using the traditional currency. To transfer money using Bitcoin, all you have to do is calculate the Bitcoin worth of the money you need to transfer and send the worth to the recipient wallet.

You might wonder how hard it is to convert your cash to Bitcoin since little calculation is involved. It is actually quite easy as there are dedicated online applications such as Google Bitcoin converter that help with this calculation. And all you have to do is input the amount of currency you want to transfer. Now, since I have shown you that there is, in fact, a link between the conventional cash and virtual currency, it is equally important to know how much your Bitcoin is worth in the regular currency to make payments.

The most used and trustworthy online software that can convert your Bitcoin to the regular currency is the Google Bitcoin converter.

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Scanning the QR code is not only faster, but also safer than typing yourself. Service compatibility: if the seller uses the same wallet service than you, then transactions are likely to be processed off-chain. That means that it would be easier for you to request a refund operation if needed. Step 1 — Set up a Bitcoin wallet The first step is to open a wallet.

Regardless of which wallet service you choose, always make sure the service is free, secure and compliant with regulations. Smart, right? There are two basic ways to load your wallet, you can either transfer funds from another wallet or you can purchase some. Hopefully for those using the Crypterium Wallet, you can buy BTC with a debit or credit card effortlessly, with instant BTC delivery and the lowest commission on the market.

As previously outlined, you can enter it manually on the wallet app or scan the QR code. Crypterium offers a different approach to smooth the process. Instead of entering the wallet address of the seller, you can input a mobile phone number or select a contact from your phonebook.

Then, he or she can decide whether to keep them there or do something else with them. How to pay with a Bitcoin debit card Using a Bitcoin debit card is strongly advised when the seller does not accept Bitcoin. In this case, a crypto debit card allows you to easily convert your digital currency into fiat money.

Step 1 — Order a Bitcoin debit card Nowadays, there are several companies offering Bitcoin debit cards. Choosing the right one for you will largely depend on three factors: where you live, which currencies you use, and how much you are willing to pay for it.

Our cards are available in more than countries. For Crypterium Card holders, the top up process takes only a few taps to complete. The BTC is exchanged to U. Step 3 — Enter details, swipe or tap Paying with a Bitcoin card feels exactly the same as paying with any other card. For physical stores, payments are processed once you swipe or tap the card at the POS.

The Crypterium Card offers a virtual card which is ideal for buying with Bitcoin online. Crypterium AS is incorporated in Estonia with company number with a registered office at 5 A. Lauteri, Tallinn, Accessibility Furthermore, your transactions involving Bitcoin can be quickly completed on your smartphone or computer. This means that Bitcoin is available to all populations in the world without the need for traditional banking systems.

Peer-to-Peer Focus Here is a big idea. Payment with Bitcoin happens without requiring approval from any external source of authority. The Bitcoin payment system is a peer-to-peer one, which implies that you can send and receive payments to or from anyone on the network all over the world. You see, with five benefits listed above, I can now thoroughly introduce you to how to buy and how to pay with Bitcoin. It is, however, important to note that not all industries accept Bitcoin as a valid method of payment currently.

As you may have recognized, the safest and prominent way of buying Bitcoin in the present world is through cryptocurrency exchanges. Cryptocurrency exchanges list cryptocurrency-based projects on their platforms which give users like you the ability to invest in them. So below, you will find some of the most common ways. However, the website recently shut down its PayPal deposits option in January This development has made it harder for you to buy Bitcoin using PayPal.

The other available exchanges that are reliable and accept Bitcoin as their valid means of payment for buying Bitcoin include eToro, xCoins, Paxful, and LocalBitcoins. However, you can easily buy Bitcoin using PayPal on the Platform. On the one hand, eToro is not available worldwide. On the other hand, the profits that you can make on the exchange can be withdrawn in fiat currency and to the eToro wallet.

LocalBitcoins On the other hand, LocalBitcoins is a platform that allows users to connect directly. The exchange is a marketplace where buyers like you and sellers can communicate directly, unlike eToro. But the fees charged on LocalBitcoins are slightly higher than at eToro. To loan Bitcoin on the transaction, xCoins exchange requires deposit fiat currency PayPal is an available option equivalent to the Bitcoin to be borrowed. The first step to buying Bitcoin on Paxful requires users to create a free wallet on the exchange before they can buy.

Paxful also gives the user the autonomy to choose their seller or allow the exchange to select one for them. The following steps will introduce you to how you can use your Bitcoin to pay for any products or services. Just like the regular fiat currency where you need to have a physical presence for the transaction, you also need to have a wallet to store your Bitcoin. Several stores now allow Bitcoin as a valid means of payment. To pay with Bitcoin in a store, all you need is to scan the barcode of the store, which will generate the Bitcoin wallet to which the payment will be made.

The number of online and offline stores that allow customers to pay with Bitcoin continues to increase daily. You can pay with Bitcoin in many industries, which include tech, travel, stores, and so on. Some of the top companies where you can pay with Bitcoin include: Microsoft One of the first and largest tech giants allows you to make official payments with Bitcoin for some of their top products. For products like movies, games, apps, Windows licenses, and others, you can pay with Bitcoin.

Overstock As you may have known, Overstock is one of the first biggest online retailers that allow customers to make payments with Bitcoin. This giant internet retailer started accepting Bitcoin as a valid mode of payment in You can pay for electronics such as TV, computers, and home appliances on the store using Bitcoin. Expedia Expedia is one of the most prominent traveling and online travel booking agencies. It started accepting Bitcoin as payment for flights in The organization collaborated with Coinbase to incorporate paying with Bitcoin into its payment options and Coinbase served as an intermediary.

Although the organization stopped accepting cryptocurrency as a valid method of payment recently, there are future plans in place to review that. Destinia Destinia is a Spanish travel agency and also, one of the top virtual travel agencies in the world. The organization regularly strives to improve its user experience. Newegg Needless to say, Newegg is a top gun in the electronics retail industry. The online retailer accepts Bitcoin as the legal form of payment by partnering with BitPay as its payment processing partner.

Shopify The number of Shopify stores in the world continues to increase drastically. Shopify is a leading e-commerce platform that allows users from all over the world to set up their online stores. Although it is impossible to buy anything with Bitcoin itself, Shopify enables alternative payment providers such as Coinbase commerce that make it possible to pay with Bitcoin.

So… Does eBay Accept Bitcoin? As you know, eBay is a global marketplace with over million users. I could go on and on but these are the most reputable organizations in the varying industrial world that serve as a guarantee of the potential Bitcoin has in the future. Next, you need to know that it is important to store your Bitcoin into your wallet so as to make payments with them when necessary. Where To Store Bitcoin Simply said, storing fiat currencies in the bank requires you to open an account that keeps a record of all your transactions.

A Bitcoin wallet is similar to this; it is an account that shows a history of all of your purchases. Two main components make up a Bitcoin wallet: The public key The private key You can liken the public key to an account number. When you need to receive cash into your account, you need to provide the sender with your account number. The public key works exactly like that. There is no threat to your account by giving them out.

On the other hand, the private key contains all the information about your wallet. You can compare it to an account password. Giving it out poses a threat to your account. There are several types of wallets.