If you are dealing in Bitcoins there are the two major terms you should be aware with– the Bitcoin Merchant Account and the Bitcoin Merchant Services.
A bitcoin is a digital currency founded in 2009 by people known as Satoshi Nakamoto. This cryptocurrency is stored, sent and received using e-wallets.
The bitcoin merchant account:
The merchant account helps you deal in these cryptocurrencies.
In a relatively new high-risk industry, finding the right banking partner for your bitcoin merchant account can be challenging.
Steps to get Bitcoin merchant account:
To get the Merchant account you have to simply speak to the merchant account manager of your bank or apply online with your bank website.
Companies who could accept these cryptocurrencies through your bitcoin merchant account:
Amazon - Bloomberg - Chicago Sun-Times - CVS - Dish Network - eBay/PayPal – K/Mart - Las Vegas Casinos - Microsoft - MIT Coop Store -OK Cupid -Overstock.com -Sears -Target -Tesla -Tiger Direct- Victoria’s Secret -Virgin Galactic -Whole Foods -WordPress -Zappos.
Factors that determine merchant account fees:
So now, what do these merchant account partners do? They simply provide you some Bitcoin merchant services.
Merchant Services:
The merchant demands have grown with the growing industry of bitcoin and cryptocurrencies.
There has recently been an increase in the bitcoin merchant services that is benefitting both the retailers and consumers passionate about bitcoins.
The top seven merchant services are:
Bitpay
Coinbase
Bitkassa
Coinpayments
Coinsimple
Coinkite
34 Bytes, LLC
Guys for more detail about Merchant Account you can go to this website – Merchant Account Provider
A bitcoin is a digital currency founded in 2009 by people known as Satoshi Nakamoto. This cryptocurrency is stored, sent and received using e-wallets.
The bitcoin merchant account:
The merchant account helps you deal in these cryptocurrencies.
In a relatively new high-risk industry, finding the right banking partner for your bitcoin merchant account can be challenging.
Steps to get Bitcoin merchant account:
To get the Merchant account you have to simply speak to the merchant account manager of your bank or apply online with your bank website.
Companies who could accept these cryptocurrencies through your bitcoin merchant account:
Amazon - Bloomberg - Chicago Sun-Times - CVS - Dish Network - eBay/PayPal – K/Mart - Las Vegas Casinos - Microsoft - MIT Coop Store -OK Cupid -Overstock.com -Sears -Target -Tesla -Tiger Direct- Victoria’s Secret -Virgin Galactic -Whole Foods -WordPress -Zappos.
Factors that determine merchant account fees:
- Merchant Discount Rate
- Per Transaction Fee
- Monthly Statement Fee
- Monthly Gateway Fee
- Six-Month Rolling Reserve
- Chargeback Fee
- Refund Fee
So now, what do these merchant account partners do? They simply provide you some Bitcoin merchant services.
Merchant Services:
The merchant demands have grown with the growing industry of bitcoin and cryptocurrencies.
There has recently been an increase in the bitcoin merchant services that is benefitting both the retailers and consumers passionate about bitcoins.
The top seven merchant services are:
Bitpay
Coinbase
Bitkassa
Coinpayments
Coinsimple
Coinkite
34 Bytes, LLC
Guys for more detail about Merchant Account you can go to this website – Merchant Account Provider
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