Should you accept bitcoin as a business owner?

Accepting bitcoin and other crypto payments as a business owner can keep your business competitive, open your business up to more customers and potentially lower your payment processing fees. For high-risk merchants who’ve been declined by traditional payment processors, accepting cryptocurrencies may be especially appealing.

How much does bitcoin cost a business owner?

For every $10,000 a business owner earns, $300 goes straight to fees. It makes sense that owners are incentivized to find ways to cut these costs. Bitcoin transactions do not require a processing fee (though crypto payment gateway merchants will charge a 1% fee).

Can a business reinvest bitcoin?

Your business can also reinvest the 1.5% Bitcoin rewards you get for all in-store purchases, and you can fund the account as much as you need with your business debit card, credit card or a bank transfer. This is a simple way to convert the crypto you accept for purchases into money you can use anywhere for any purpose.