It is likely that your business has a lot of big decisions to make in 2019. One aspect you may wish to focus on is the payments you accept and whether cryptocurrency like Bitcoin will be of benefit or advantage to you.
There are many reasons why you should seriously consider accepting more forms of payment. When it comes to the leading cryptocurrency option, here are 5 reasons why your business should accept Bitcoin in 2019.
There is no influence from the Government
A lot of companies are annoyed at the impact the Government has on their business and currencies. Therefore, the fact that Bitcoin is not controlled by any central Government is a great comfort and benefit to people who no longer have any trust for politicians and ruling classes. This doesn’t only apply to companies looking to avoid Government matters, there is a growing number of consumers who feel this way.
Therefore, moving away from the traditional forms of banking and money transfers will help you to welcome more customers who are keen to shop with you.
Bitcoin is safer, protecting you from fraud
One of the strongest reasons your business should accept Bitcoin in 2019 is that it provides you with a safer option. Bitcoin should be viewed as a cash-like currency that cannot be counterfeited and where you don’t have the same risks associated with bank transfers. The transparency of Bitcoin transactions provides confidence and should ensure that you don’t run the risk of fraud or losing out on money that is rightfully yours.
There are fewer costs associated with Bitcoin
If you have been left frustrated with bank charges and costs associated with accepting card payments, Bitcoin will appeal to you. There isn’t a third party looking to earn a commission, which means that more of the money paid by the customer will be provided to you.
Anyone looking for further guidance on how Bitcoin can benefit them should consider the work of SatoshiPoint in supporting businesses.
Accepting Bitcoin will boost your reputation
In a competitive market, you want to ensure that your firm is seen as the leading option for your customers. Your brand is important and accepting Bitcoin will help customers view you as a reliable and innovative company.
Accepting this cryptocurrency will likely transform how people view you, and it could help you develop a new audience of customers.
Transaction times are faster with Bitcoin
Depending on the nature of the transaction, your business may have to wait some time until it receives the money when making a sale. This can be frustrating and it can place your business under pressure depending on your cash flow. However, Bitcoin payments are made extremely quickly, at all times of day and night.
If you want to access money from sales as soon as you make the sale, you will find that Bitcoin is an option you need to consider.
As a business, you need to be forward thinking and give yourself the best chance of success. Accepting Bitcoin in 2019 will enhance your chances of business success.