300,000 Merchants accepting Bitcoin!?
Okay, not exactly yet, but we’re confident 😃 😄
Japan is preparing for 300,000 merchants (brick-and-mortar + e-commerce) to accept Bitcoin as a method of payment by the end of 2017, driven by consumer demand. With merchant adoption rate expected to grow by over 400% in the 2018 alone globally, what was once a niche technology has gained some serious steam.
If you’re a merchant or retailer and you’re still trying to make sense of the benefits to your establishment of accepting Bitcoin as a method of payment, we’ve broken down the key reasons for you to accept Bitcoin in your business:
- No chargebacks — Unlike regular credit and debit cards, payments made with Bitcoin are final. That means no returns when items are defective or if your customers had buyer’s remorse. Typically, chargebacks cost in the range of $5–15 per transaction to the merchant.
- Powerful fraud prevention — Your customers value their privacy, especially online in an age where over 50% of purchases are made online (hello, Amazon). Payments made in Bitcoin can be done completely anonymously, adding a layer of security that protects both you and your customers from identity theft or fraud that traditional payment rails can’t offer.
- Easy international payments — By nature, Bitcoin allows for individuals and businesses to trade internationally by accepting payments from anybody and anywhere. This frictionless innate feature of Bitcoin payments allow for faster and cheaper cross-border transactions. Merchants can therefore improve their bottom lines by cutting costs, improving supply chain inefficiencies, sourcing better component parts, etc. internationally.
- Marketing and PR: Long Island Iced Tea. 😆 😃 The cryptocurrency economy soared to nearly $1 billion in January 2018. The untapped wealth creation sparks unprecedented room for companies to inject real-world use cases into the market.
GopherCard is working on a fun, easy, and trustworthy platform to take crypto mainstream.
Stay tuned for launch, and thanks for joining our early journey. 🚀
Email: team@gophercard.com
www.gophercard.com
