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Author: Admin | 2025-04-28
Received payment is displayed in the merchant's personal account. We also recommend reading our article: «What Countries Have Legalized the Usage of Bitcoin».Advantages and Disadvantages of Payment SystemsConnecting a bitcoin payment system to the website of a company or store has the following advantages: Low commissions. Payment through a cryptocurrency gateway involves fewer intermediaries than fiat transactions. Thanks to this, the commission of many services does not exceed 1-2%. Speed of transaction processing. Cross-border fiat transactions can take several days, while bitcoin payments are made in a few minutes. Attraction of new customers and increasing conversions. According to Checkout.com, more than 40% of shoppers between the ages of 18-35 plan to use cryptocurrency to pay for goods and services. Read more about this topic in the article «TOP-10 Benefits of Accepting Bitcoin for Your Business». The main disadvantage of receiving payments in cryptocurrency is volatility. A change in the exchange rate can lead to the fact that the cost of goods will differ significantly from the amount received for it, both upward and downward. We've explained what factors affect prive of Bitcoin in the article.Another disadvantage of using a cryptocurrency payment system instead of direct transfers is the dependence on the service's reliability. To reduce the risk of losing funds, it is important to make sure that the platform has a high level of security and a good reputation.Payment Gateways for Accepting Bitcoin PaymentsThe market of cryptocurrency payment gateways is growing: experts estimate that its volume will reach $5.4 billion
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