How to Open a Bitcoin Merchant Account

A Bitcoin merchant account is a great way to accept payments from your customers without having to accept a credit card or a debit card, as the payment method is completely digital and cannot be traced. Customers can make purchases using their smartphone, computer, or Bitcoin wallet with a Bitcoin merchant account. This stress-free transaction system has made customers happy and increases profits for business owners. Every transaction can be traced, which makes it easy to verify for fraud. A Bitcoin merchant account is a way to send bitcoins. It’s a great solution for any business.

ePay Global

If you are interested in bitcoins as a form of payment for your online business, you can sign up for a Bitcoin merchant account with ePay Global. This provider offers domestic and international merchant accounts with low fees. It also offers solutions to high-risk bitcoin merchants. You can apply online with your documents and receive a merchant bank account within a few business days.

Coinbase

If you want to start accepting cryptocurrency payments on your website, you’ll want to consider using Coinbase’s merchant account. The service’s technology leverages the blockchain to make it easy for online businesses to accept payments in cryptocurrency. You can choose from over 40 different cryptocurrencies, and Coinbase provides a simple, integrated user experience. It also offers merchant funds insurance, and can integrate with popular eCommerce platforms.

PayPal

PayPal allows merchants to accept bitcoin and other cryptocurrencies. This feature is only available to US users. Last year, PayPal allowed users to store certain cryptocurrencies in their wallet, but this was not widely available. The company was surprised by the amount of demand and commented that this feature added stickiness to their wallet.

BitPay

If you are a business owner and would like to accept credit cards online, you should consider getting a BitPay merchant account. This online payment processing service is regulated by Georgia law and the laws of the United States of America.

Coinbase Managed Commerce

You can open a bitcoin merchant account with Coinbase Managed Commerce. This platform is completely free and doesn’t charge any monthly fees or set-up fees. The only cost is 1% of the amount of each transaction, deducted from the value of the payment. Coinbase Commerce also does not charge an additional fee for refunds. It does charge a small fee per cryptocurrency transaction.

Coinbase Payments

A Bitcoin merchant account with Coinbase Payments will greatly simplify the process for accepting payments. Coinbase’s managed commerce service allows merchants to accept payments in Bitcoin, Ethereum, or USDC. Its transaction fee is 1%.