Most investors are not sure on
whether to go for bitcoin investmentbecause
the future of Bitcoin is still not clear. According to bitcoin payment
processors, currently there are over 25,000 online merchants who are accepting
bitcoins as means of payment to attract more customers. Some years back, the
number of merchants who were accepting bitcoins was very low, and some even had doubts about the future
of bitcoins. In 2014 for example, the number of bitcoin transactions that were
facilitated by most bitcoin payment service providers increased by a higher
percentage compared to the years prior meaning that more and more people are
using bitcoins to buy and sell goods and services online.
There are many reasons why
investors should start to invest in bitcoin, and there are also more reasons
why more merchants are now interested in bitcoin. Many bitcoin processors have
seen the growth of bitcoin wallets increase by over 7,000% since 2013. Since
many more people are starting to use this upcoming digital or virtual currency,
it makes more sense for more investors or online merchants to adopt the
currency into their payment systems. Investors should invest in bitcoin because
it has lower transaction fees. Unlike credit card companies, which take an
estimated cut of between 2 and 3% on every credit card transaction, bitcoin
improves merchants’ bottom line by less than 2%.
In addition, it is not easy to
reverse bitcoin transactions. The advantage to merchants,
in this case, is that they eliminate the possibilities of chargebacks or
any other fraud related to bitcoin payments. Eliminating chargebacks is a huge
benefit to merchants because it reduces the cost of operation. Having low
transaction fees and no chargebacks should be two key reasons why bitcoin investing is more lucrative for
online merchants than credit card processing. This,
therefore, means that merchants should consider adding this virtual
currency to their checkout processes and attract as many customers as possible
while at the same time reduce the cost of running their businesses.
For merchants who want to go for bitcoin investment, the advantage today
is that adding bitcoin to their payment options is very easy than it is to add
credit card options. There are major bitcoin payment processors, which also
offer turnkey solutions, which make the integration of bitcoin payment process
a breeze. There are companies that have bitcoin payment solutions with zero
fees on merchants whose sales reach the first one million US dollars. In addition,
the fees only apply if a merchant decides to convert all bitcoins into a local
currency. There are also no fees for merchants who choose to keep their funds
in bitcoins or want to withdraw the funds to their bitcoin wallet.
