Cryptocurrency Payment Now Easier with Top Payment Processors
Businesses are increasingly taking their operations online and going international, expanding their customer base to cover multiple nations. Leading cryptocurrency payment processor, Billbitcoins, has opened up a versatile payment option for the growing tech-savvy customer base.
The mass migration from brick and mortar shops to the far-reaching and more fertile digital platform entails a surge in transactions in foreign currency. Evidently, this becomes a complex process when done using traditional forms of payment which involve elements such as fiat currency, bank accounts, and credit and debit cards. The lack of adequate traceability causes uncertainty in merchants and customers alike. Transactions are susceptible to fraud, failure, double spending, and chargeback.
Transactions via Billbitcoins provide unparalleled security enabled by blockchain technology. It uses cryptocurrency to carry out transactions which are validated by smart contracts and archived in the decentralized ledger. The data is protected against manipulation by impenetrable encryption and saved in nodes distributed across various locations. The database can, therefore, be accessed by every participant of the blockchain network for audit and verification.
This popular cryptocurrency payment processor by blockchain expert HashCash Consultants appeals to consumers mainly because it nullifies the possibility of identity theft, and provides hassle-free payments methods like click-to-pay and scan-to-pay features on mobile devices. Refunds on this platform are quick and deposited directly to the customer’s Bitcoin wallet.
Billbitcoin presents several advantages to the merchant side as well. Creating a “Buy Now” button for a website is extremely easy, and Billbitcoins is designed to handle the checkout process as well. The product enables real-time tracking of payouts, handling customer redressals and refund management through a user-friendly dashboard and interface. Power is restored to the merchant by closing the 60-day window of uncertainty which comes into account when a customer makes a payment using a credit card. Since banks afford a two month period to cardholders to file a dispute, merchants are unable to confirm that payment for audit during this period. Billbitcoin implements major BIP Payment protocol BIP 70 and 73 for payments.
Some of the biggest economies have adopted a cashless approach, and plastic money is in the pipeline to become passé as well. A greater reliance on virtual currency has also brought the focus of cybercriminals to the same. In such a situation, it becomes imperative of businesses to ensure security and accountability of the virtual currency making a change of hand, and market- approved cryptocurrency payment processors are the best payment gateways to furnish that.
About HashCash Consultants
HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US-based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins. HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.