Bitcoin Payment Processors
The first, and easiest, way to start accepting Bitcoin is with the help of a Bitcoin payment processor, a company that handles all the technical aspects for you and offers a simple integration with your business.
There are many reasons why this is generally the preferred approach.
Simple IntegrationPayment processors have ready-built plugins that you can install with a click of a button on most popular web platforms (e.g., Magento, WordPress, Drupal). You can also opt to customize your integration with an API.
Low-to-no feesMost Bitcoin payment processors will offer a free tier, allowing you to accept Bitcoin from customers from around the world at no cost! Charge $1 and get $1 in your bank account.
Worried about volatility?Bitcoin payment processors will even offer instant conversion to local currencies so that you don’t have to worry about holding bitcoins, or wonder how to convert those bitcoins to cover your costs.
DIY–Do It Yourself
Alternatively, you can get set up accepting Bitcoins on your own. It’s really simple, and all you need is a Bitcoin wallet to receive and store bitcoins.
First, create your Bitcoin wallet
If you need suggestions, you can follow this guide. Once you have a Bitcoin wallet, you’re ready to accept Bitcoin!
Then, display your Bitcoin address and QR code
You need to display your Bitcoin wallet addressFor example: 1Lqx7VV1u4q9QRY2f64Bd17ZVc8XZCHZbT to your customers in order to receive payment. You can place it anywhere on your website, checkout page, social media channels, or even in your physical store. And don’t forget to display it in QR-code format as well. This will make it easy for mobile wallet holders to scan and pay instantly.
Finally, show off the Bitcoin logo
Let your customers know you are accepting Bitcoin! Display or print out the Bitcoin logo and place it on your door, website, or Facebook page.