Best Payment Processors for Bitcoin for Merchant Services

by Merchant Stronghold High Risk Merchant

Steps to get Bitcoin merchant account:

To get the Merchant account you have to simply speak to the merchant account manager of your bank or apply online with your bank website.

Companies who could accept these cryptocurrencies through your bitcoin merchant account:

Amazon, Bloomberg, Chicago Sun-Times, CVS, Dish Network, eBay/PayPal, K-Mart, Las Vegas Casinos, Microsoft, MIT Coop Store, OK Cupid,Overstock.com, Sears, Target, Tesla, Tiger Direct, Victoria’s Secret, Virgin Galactic, Whole Foods, WordPress, Zappos.

Factors that determine merchant account fees:

Merchant Discount Rate, Per Transaction Fee, Monthly Statement Fee, Monthly Gateway Fee, Six-Month Rolling Reserve, Chargeback Fee, Refund Fee.

So now, what do these merchant account partners do? They simply provide you some Bitcoin merchant services.

Bitcoin merchant services:

The merchant demands have grown with the growing industry of bitcoin and cryptocurrencies. There has recently been an increase in the bitcoin merchant services that is benefitting both the retailers and consumers passionate about bitcoins.

The top seven merchant services are:

Bitpay, Coinbase, Bitkassa, Coin payments, Join simple, Coinkite, 34 Bytes, LLC.

About the Author:

Apoorv Joshi is the chief marketing officer for retail and online merchant service Merchant Stronghold LLC