You are at: Home » Should You Accept Bitcoin? » Why Should I Accept Bitcoin?

Why Should I Accept Bitcoin?

Last updated on:
Fact Checker

Why Should I Accept Bitcoin?

There are several reasons a business owner should start accepting Bitcoin. Because there is no central bank, company or government to control and monitor Bitcoin, there are no longer people between the buyer and the seller to siphon money along the way.

Most credit card companies charge upwards of 3% of an entire transaction on top of a transaction fee. With Bitcoin, there is no required transaction fee and if a user wants to ensure an immediate transfer, they can pay a miniscule transaction fee.

No more exchange rates or money changer fees from anywhere in the world. With regular currency, you would have to go through money changers to accept a foreign currency. With Bitcoin, there are no borders. Bitcoins are the same across the globe.

No more expensive transfers. No more caps on how much you can send. With regular currency, an instant transfer of $2500 US Dollars to China would cost $88 through Western Union. With Bitcoin, it is free.

No more charge-backs. Because Bitcoin is a decentralized currency, no one can force you to return money that is sent to you. Of course you should always follow honest business practices, but no more getting scammed by a cancelled check or charge-back.

Established on June 2011 StartBitcoin is one the earliest guides for Bitcoin mining on the web. It was purchased by 99Bitcoin in late 2015.

View all Posts by StartBitcoin

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top