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Small Businesses Love Bitcoin!
By:
Anthony Gallippi
If you have a small business, or if you’ve made an invention, what is the best way to sell this all over the world? First, you will need a website to reach a global audience. But what is the best way to accept payment over the internet? PayPal? Credit Cards? Not even close. The best way to accept internet payments is with Bitcoin! Bitcoin is a new digital currency that allows you to send money like you send an email " to anyone, anywhere, anytime " without going through a bank or corporation or government. Bitcoin operates completely peer-to-peer, like gold and silver, but it is fully digital. BitPay is hands down the easiest way to accept bitcoin payments for your business, either online or in person. You can set your prices in dollars, pounds, euros, or 30 other currencies, and BitPay will collect the payment. As a merchant, you have the option to keep the bitcoins, or get cashed out with a direct deposit into your bank account. Over 1,100 businesses already use BitPay to accept bitcoin payments. Why is BitPay so great? Well first, there is no risk of fraud, reversals, or chargebacks with bitcoin. If your business has ever accepted a credit card that turned out to be stolen, you know this sale became a total loss. Credit cards were never designed for the internet, and accepting them when the card is not present poses huge risks to the business. PayPal’s dispute process is heavily weighted against the business as well. Second, bitcoins are available in any country, so by using BitPay, your business can accept a payment from any country on the planet, instantly, with zero risk of fraud. No other payment provider can offer this service. PayPal cannot do this, American Express cannot do this, and Visa/Mastercard cannot do this.
Bit-Pay Mobile Checkout: Butterfly Labs ( http://butterflylabs.com) is a hardware manufacturer in Kansas City with 20 employees. They are able to collect payments and export their products to places like Russia, India, Thailand, Poland, and Belarus. Those locations have a very high risk of fraud with credit cards and PayPal, but with bitcoin, they have no risk of payment fraud. If you’ve tried to accept bitcoin and do it yourself, there are many challenges. Securing your bitcoin wallet from hackers requires advanced security knowledge. The bitcoin exchange rate is volatile. There is no automation in the standard bitcoin software. And your accountant will probably raise all kinds of questions as to how he is supposed to handle bitcoin on the books. The do-it-yourself approach may be good for installing baseboards, but it’s not good for bitcoin. BitPay’ s service takes all of the volatility risk, security risk, and accounting uncertainties off the hands of the business. The fully automated payment tools can plug into most any website, with simple “buy now” buttons, checkout buttons, and plugins for many of the popular ecommerce shopping cart packages. For retailers the setup is even simpler. By signing up for an account at https://bitpay.com you are automatically given a webapp that you can put on your computer, tablet, or smart phone to collect bitcoin payments in person. To read more in-depth examples of businesses accepting bitcoin, visit http://www.howtoacceptbitcoin.com . Anthony Gallippi, co-founder and CEO of BitPay,Inc., saw a need for bitcoin payment processing and founded BitPay in 2011. As a start-up, Mr. Gallippi is involved in all of the day-to-day operations including new business development, marketing, and customer service. Mr. Gallippi has 15 years of experience in sales and marketing working in the Robotics industry. Mr. Gallippi has a Bachelors in Mechanical Engineering from the Georgia Institute of Technology.
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