In the modern world, many companies don’t accept bitcoin, or they indirectly discourage it with all of these gimmicks that make it difficult to pay for things with bitcoin.
Bitpay, a bitcoin merchant account creator, helps counter that by making it easy for both merchant and customer by using a simple system to confirm transactions and get the money to you! Using their easy system, you can easily create a gateway merchant account and start your bitcoin business!
Bitpay: A Great Bitcoin Merchant Account Provider
This has also created a pillar of trust around Bitpay, with its great support to the customer and merchant alike. Just being able to pay with bitcoin made it successful, as people at that time were skeptical that it’d ever work; they thought Bitcoin was too volatile, which it is; however Bitpay took the risk and they’re a huge company!
Bitpay allows you to accept payments on website via a link, which goes to a custom
page that lets the customer pay using bitcoin.
How to Start a Bitcoin Business with Bitpay.com
Bitpay lets you create a Bitcoin merchant account for free, with small fees, and the payment goes directly to your bank account!
First, sign up for Bitpay. Note that the starter account is free; however the volume you can recieve is only up to 1000$, so use at your own risk. It’s also limited to 30 transactions per month, so truly this is only for websites that recieve little traffic with visitors only pay using bitcoin occasionally.
After signing up, verify your account by clicking on the link they sent to you through your email. Your bitcoin merchant account will be one step closer to being able to accept payments on website!
If you don’t want full verification, Bitpay offers basic verification with a limit of 100$ daily, but only 500$ annually. A bitcoin merchant account is paid, with fees, however, so this is better than paying for a service if you are signing up for free.
Again, unless your company only recieves a small amount of people paying using bitcoin, this isn’t ideal.
Fill out the form, and you will be verified. Note that no information can be changed whatsoever after verifying, so double- and triple-check your information to see if you did anything wrong. After doing this verification, you will be able to do normalized verification and have virtually no limit if you have a paid account.
Now’s the next step- adding a bank account!
Adding a Bank/Bitcoin Account
Adding a bank or bitcoin address to your bitcoin merchant account is very simple! Just enter your country name, and fill out the information. Note that each country’s requirements are different, and the information you will need to fill out will vary.
For the USA, adding a bank account is rather simple- enter your name, ACH number, account nickname, and account number, as well as a EIN. Some people don’t have EINs, so we’ll walk you through this as well.
Registering for an EIN is rather simple, and it’ll take less than half an hour in most cases. EINs are especially flexible, where as soon as all verification is done, you will get your number immediately and you can save the confirmation notice and your number.
You will have to complete this in one session (as long as you aren’t inactive for over 15 minutes), otherwise, you will need to start over; so get all the documents you might possibly need before you start- some documents can be difficult to find.
Other than that, adding a bank account for the United States is relatively easy and it’ll take not much time. If you don’t want all the hassles, you can simply add your bitcoin address to your bitpay bitcoin merchant account, and it involves simply adding your address and address name.
This is much easier than using a bank account, and you’ll be able to accept money faster, because Bitpay takes the bitcoin from the customer who pays using bitcoin, and the payments will be accepted on your site faster, as bitpay won’t have to transfer BTC to USD.
Embedding the Payment System to Accept Payments on Website
Bitpay’s a very simple system for this very reason- buttons can be embedded into your website with little or no hassle!
You can request 4 different options from bitpay- POS, for physical stores, classic email billing, a hosted catalog, or the simple buy button. We’ll focus on the buy button first- all of the details are tailored for you; simply add the price, description, currency, and button size, as well as optional payment notification.
After you finish customizing your button, take the HTML code and put it onto your website, and you’ll have a button that’ll let your customers buy things automatically from your website! The button will look something like the picture below:
The button has 3 customizeable sizes, which you may pick. The code will look something like this:
<form action="https://bitpay.com/checkout" method="post" > <input type="hidden" name="action" value="checkout" /> <input type="hidden" name="posData" value="" /> <input type="hidden" name="data" value="9geCVAu2/O50VcbPzEf0rgbLd5zjsp9GeLofiKkYuhoYzS4iSrAU/NtvSflfhs7lV6sQQUlMDcIqKwO87uSdi4A6ze2/wCKIysUE0leS/opJqATH4q6iMKJ+kNpItjZb5SpgSU6Q8h3XcWoIv0ZPXi2BIENICGw9ZwnaZRL9sgqJGO5rAosfHZQAwQM+glee5FIqSPUdPSi3KFvPmCfLug==" /> <input type="image" src="https://bitpay.com/img/button8.png" border="0" name="submit" alt="BitPay, the easy way to pay with bitcoins." > </form>
If you are unsure that this will work, click on the “test button” button underneath all of the options. You will be directed to a checkout page if it works, and your customers will be able to pay using bitcoin! Please note that this uses HTML code, so use accordingly.
Now you’ll just be able to wait for customers, and with more flexible payment methods than ever before!
Your customers will be able to pay using bitcoin, and you’ll have the peace of mind of having a secure and fast system to process payments. Bitpay’s fast gateway merchant account is a great way to start your business as well!
That’s Bitpay for you- a fast and easy to setup system that lets you accept payments on website!