If you are in the market for a way to accept payments for goods and services on the internet, then consider using the bitcoin payment processo. This revolutionary payment solution has become increasingly popular among merchants across the world. The main benefits of using this alternative currency payment system compared to traditional methods is that it is fast, safe, secure and flexible. There is no need for a third party like a bank to maintain a record of your online transactions. Also there is no paperwork involved with using this form of payment.
The only thing required of you is a valid email address and private key containing your public key. To set up your own bitcoin merchant accounts all you need to do is complete a short application form. Once you have filled in the information required, the system will quickly confirm your account details and you will be ready to receive payments into your new address. The system also allows you to monitor all the activity going on in your online business from the login page.
When you set up a bitcoin merchant account you are given a unique public key and a private key. The public key is what you give to anyone who will be able to send you bitcoins. Private keys are only available to you and your business associates. When you give out your private key to anyone they can spend your bitcoins however they want.
There are different ways you can spend your bitcoins. You can transfer them to other digital wallet like PayPal. But there is another option which is to exchange your old one to a new one. This is called ‘mining’ and the process of mining involves following instructions to find a digital wallet that is accepting bitcoins. The new address will contain a growing number of newly generated bitcoins. So, if you were to keep your address active for some time in the future you would receive a certain portion of newly created bitcoins.
When you have decided to have a bitcoin merchant account it is time to choose a payment gateway that will act as the middleman between your customers and your merchant account. There are several good services out there but the one that I would recommend is Bitaps. It is a full featured full-service payment processing history gateway that will automatically convert your existing balance to bitcoins when you make any deposits and withdrawals. This is also a great service because it gives you peace of mind that your customers are always protected and your business is always at the top of their mind.
To set up your merchant account with Bitaps you just need to visit their website, create your account and pay for it with a debit or credit card. When you have made all the necessary payments, you will be asked to provide your public key and private key. Your private key is the one that will be used for the conversion of your funds into bitcoins. Make sure you provide this when you log into your account so you don’t lose any progress information. Once you have everything set up, you can then go ahead and add your payment processing history to your Bitaps merchant account.
The next step is to find an exchange that will allow you to transact in this method of payment. You will want to use the same payment service provider that you used in your merchant account. The payment gateway acts as the intermediary for both the customer and the merchant. There are many of these services available, but the one that I would choose is Bitaps. They are very easy to use and have a very low learning curve.
The payment processing industry is growing rapidly. More people are making their own money on the internet and they are looking for ways to protect their funds. Using a payment gateway will allow you to provide this service to your customers while also providing them with a way to protect their funds. Once you have them set up, you will have the ability to accept all major credit cards and debit cards as well as PayPal.