Looking For the Best Bitcoin Payment Service Providers?

Online ecommerce companies that have already been using the PayPal system to accept credit card payments, are making the move to accept Bitcoin. The move is a logical one since there are no minimum requirements for merchant account with Bitcoin payment service providers, and a large number of online commerce sites are already accepting the digital currency as a form of payment.

Almost all online businesses, big or small, from hotels to bed & breakfast and restaurants, are working to integrate themselves with the Bitcoin system as a way to expand their global reach. If you do a quick search on Google, you will find that almost every business in the world accepts the Bitcoin payment solution and is exploring ways to do so. That is a great place to start when looking for a Bitcoin Payment Service Provider.

While these payment service providers are more popularly known for accepting credit cards payments, they are also accepting checks, money orders, PayPal and perhaps most interestingly, cash from people who live outside the US. This means you can accept your customers using either method of payment without worrying about any fees or regulations.

You can find many of these Bitcoin Payment Service Providers on the Internet, although there are some companies that are listed only on Craigslist. Although these companies may be less well known, they can still offer what you need and at prices that may be more affordable than those offered by larger businesses. Because of the growing popularity of the virtual currency, there are more companies offering Bitcoin Payment Service Providers than ever before.

When choosing a payment provider for your online business, it is important to understand that not all payment providers are created equal. So what are some of the things you need to consider when looking for the best payment solution?

First, you need to choose a payment provider that you feel comfortable with. You can read reviews on other providers, look at their Terms of Service and customer support and make sure that you are comfortable with the relationship. Second, you want to choose a provider that can work with your business without requiring a merchant account. This may be something that requires some legwork on your part to be able to determine whether the provider has it set up for you or not.

Third, if you use credit cards, you need to understand that with a handful of exceptions, such as PayDiant, which work with several cards, and Gatehub, which work with the MasterCard and Visa systems, there is no established payment provider for merchants that accept Bitcoin. Therefore, in order to work with a payment provider that can work with all three of the major credit card systems, you should research all of the possibilities.