European Merchants Can Now Accept Bitcoin as a Payment Method

The merchant solution launched by Paymium enables online European merchants to accept bitcoin as a secure and cheap payment method. To avail the service, merchants are required to use plugins or API set forth by Paymium. Our century’s one of the most noteworthy innovations, here are a few reasons as to why you should prefer bitcoin:

Much Cheaper Transactions

About 0.0001 bitcoin is charged for a single bitcoin transaction, where you are not even required to convert your bitcoin payments into Euros. So, the current rate accounts to be around 0.05 Euros.

Using customized high risk merchant account tools to accept bitcoin and convert them to your currency still accounts to be pretty cheap.

Provides Businesses a Global Outreach

Making international payment with bitcoins will offer more convenience to a worldwide audience. In case a high risk merchant  accepts bitcoin now, this means he can actually sell his products anywhere across the globe.

Eliminates Every Scope of Fraudulent Practices

There are clients who resist making online payments for the fear of theft either by the high risk credit card processor himself or by the hacker. However, this won’t be possible with bitcoin as the consumers are not required to furnish their personal details to transfer bitcoin.

Get Over the Nightmare Of Chargebacks

Chargebacks are simply not possible with bitcoin payments. This is because of a simple fact that these payments are irreversible.

The advantages of less chargebacks, universality and security make bitcoins good enough to be looked at the merchants in the future.