Customers want to shop for bitcoins with credit cards and debit cards. In fact, consumers checking out of all kinds of digital currencies want to shop for cryptocurrency with credit cards and debit cards. 

Paynet secure provides bitcoin merchant services and cryptocurrency merchant accounts for cryptocurrency exchanges, dealers, and other businesses that sell virtual coins. Selling digital currencies is simpler than ever before once you offer a convenient thanks to buy cryptocurrency with credit cards and debit cards. 

What Is Bitcoin Merchant Account?

When we use the term“ bitcoin” on this page, it also includes the various other cryptocurrencies that are supported digital tokens or coins. Bitcoin now has significant competition from cryptocurrencies which were developed from blockchain technology. 

Bitcoin has become somewhat of a generic term since it had been the primary digital currency built on a decentralized per-to-peer network. Bitcoin is that the still leader supported market capitalisation and recognition . Yet, the competition among cryptocurrencies is fierce. 

A bitcoin merchant account gives customers of bitcoin exchanges and other crypto related businesses the power to shop for cryptocurrencies with credit cards or buy bitcoins with debit cards. 

What Is Bitcoin Merchant Account?

Bitcoin Merchant Services Get You More Customers

Giving you customers a convenient thanks to buy bitcoins with credit cards instantly is vital to increasing sales. Bitcoin and cryptocurrency merchant accounts make it easier and more convenient for patrons to shop for from you. 

Let’s face it. As popular as cryptocurrencies are getting , many consumers still like better to make online purchases, including buying bitcoins, with debit and credit cards. 

Take a glance at your competitors. You’ll discover that a lot of already offer customers the power to shop for cryptocurrency with credit cards or debit cards. Don’t risk losing a purchase to your competition just because you are doing not offer consumers the power to shop for bitcoins with credit cards or debit cards. 

Bitcoin Merchant Services Get You More Customers

Bitcoin Merchant Account Acquiring Banks

Cryptocurrency merchant services are considered high risk by acquiring banks primarily thanks to the shortage of data about the industry and therefore the pricing volatility within the bitcoin marketplace. Since the industry is fairly new, many acquiring banks don’t understand the way to best evaluate and monitor risks related to bitcoin merchant accounts. instead of seize the opportunities cryptocurrency merchant services present, some banks decline to board cryptocurrency merchant accounts. 

Still, there are excellent bitcoin merchant services available with competitive rates. 

The key to success if to figure with financial institutions banks that are friendly to the industry and understand the way to manage the risks. cash in of our relationships with acquiring banks keen to process payments for cryptocurrency and are happy to determine crypto merchant accounts tor you.

Bitcoin Merchant Account Acquiring Banks

Applying for Your Cryptocurrency Merchant Account

Of course, having a signer on the account with good personal credit is vital . If credit is a smaller amount than good, it’s knowing add a co-signer on the appliance form with good personal credit. 

Cryptocurrency exchanges sell through secure websites. Naturally, make certain that each one the pages on your site load quickly and display properly. Privacy, refund, & other relevant policies got to be clearly visible. 

Make it easy to seek out customer service email or phone numbers. Underwriters often “cold call” or email customer service to work out the qualify of your customer service. If calls attend a voice mail, have a message identifying the name of your company and when customers can expect a call back. When email autoresponders are used, make certain to verify receipt of the e-mail and advise the author when a reply are going to be sent. Then respond as promised. 

Cryptocurrency sites require usernames & passwords to check in . Therefore, include a demo or test login therefore the underwriting team can view what customers see.

Processing statements are reviewed to verify processing volumes and determine chargeback ratios. If chargebacks ratios are on the increase , include a brief explanation about the rationale & what’s being done to bring chargeback ratios in check . 

Bank statements are examined to verify there’s enough money within the bank to run the business. Business documents are reviewed. and therefore the remainder of the supporting documents are examined. 

Once the account is approved, your merchant number (MID) is assigned. Login credentials to the mastercard to bitcoin payment gateway are securely emailed to you. And you’ll begin processing payments immediately. 

Applying for Your Cryptocurrency Merchant Account

Bitcoin Merchant Services Special Requirements

A primary concern to acquiring banks when reviewing an application for cryptocurrency merchant accounts is anti-money laundering. Therefore, in your application file include all details on your anti-money laundering and compliance policies. Most cryptocurrency merchants have this information readily available. 

Knowing your customer is especially important for bitcoin companies. Standard due diligence documents required from customers before purchasing cryptocurrency should be included within the application package. 

Other information to supply include the steps you’re taking to stop fraudulent transactions and the way your blockchain monitoring computer security system functions.

Bitcoin Merchant Services Special Requirements

Rates for Bitcoin Merchant Account
Final processing rates for cryptocurrency merchant services are supported the strength of the appliance package. Our goal is to save lots of you money on payment processing while providing you top-notch technology and repair 
Every bitcoin merchant account is somewhat unique. However, similar fees are common for all accounts. These include the discount rate plus alittle per transaction fee also as set rates for chargebacks, refunds, and monthly statements. 
Reserves are common for cryptocurrency merchant accounts. However, the terms for reserves are often negotiated in order that the reserves don’t negatively affect your business operations. 

What is Cryptocurrency?
Bitcoin and other virtual currencies are almost like cash transactions. Purchases made with crypto currencies are anonymous. However, to get bitcoins online requires that the bitcoin exchange know who the buyers are, and identification is important to accumulate the coins. 
Cryptocurrency coins are essentially computer files that are stored in digital wallets on computers or mobile devices. People can send coins to every other. Or the coins are often wont to make purchases from merchants that accept cryptocurrency. 
Each cryptocurrency transaction is recorded during a public list called the blockchain. As a result, virtual currency can’t be copied. Transactions can’t be undone. And transactions made with cryptocurrency are like cash payments therein sales are often final.
There are quite 1600 virtual currencies alive world-wide, although fewer than 20 are currently widely embraced by consumers. And more cryptocurrency coins are being developed all of the time. 

Why Chose PaynetSecure for Your Bitcoin Merchant Account?
World-Wide Banking Network. Network of acquiring banks keen to supply you cryptocurrency merchant services so your customers can purchase bitcoins with credit cards and debit cards. 
Competitive Rates. Contact us today for a no-obligation rate comparison. Our goal is to supply you rock bottom rates with the simplest terms and conditions.
Quick Approvals. Fast approvals mean customers can purchase cryptocurrency with credit cards quicker.
High Volume mastercard Processing. High volume, bitcoin merchant accounts offer you the processing capacity you would like to grow your business smoothly and efficiently. 
Level 1 PCI-DSS mastercard to Bitcoin Payment Gateway. Exceeds the foremost stringent standards for secure cryptocurrency mastercard processing. 
Chargeback Prevention & Mitigation Services. Stop chargebacks before they happen. Fight the chargebacks you’ll win. 
Customizable Fraud Fighting Weapons. Powerful customizable fraud fighting tools. Quickly accept good orders. Stop fraudulent transactions. put aside questionable orders for review. 
Superior Customer Service. Experienced representatives are dedicated to your success. Get professional assistance quickly once you need help.