Bitcoins are a relatively new, high-risk industry, and finding the right banking partner for your bitcoin merchant account can be challenging. Teaming with Instabill, however, is easy. A global leader in merchant services, Instabill provides bitcoin merchants with high-quality Internet merchant account services and the security of the Instabill e-wallet at extremely low rates. Through our trusted domestic and offshore banking partners, we can help you establish a bitcoin merchant account while saving your company money on processing fees.
Perhaps the most discussed financial news item of the decade, the Bitcoin is digital, peer-to-peer currency that was founded in 2009 by the persons or people known as Satoshi Nakamoto. Similar to gold, Bitcoin is mined by solving a complex mathematical algorithm in a personal computer and found in blocks. Bitcoins are stored, sent and received using e-wallets.
Bitcoin benefits include easy, person-to-person transfers; no credit/debit card or PIN use; convenient storage on your PC; public, traceable transactions which help deter fraud. Though volatility is an issue, the value of bitcoins has hovered around $220-$240 per as of the spring of 2015. For more information regarding our bitcoin merchant accounts, contact us online or call 1-800-318-2713 today.
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Instabill’s application process is fast and a merchant account manager will work closely with you to make sure you receive regular updates about the status of your application. An approval usually happens within one to two business days, and you could start accepting payments 24 to 48 hours later. Learn more about how you can prepare for the application process with our application checklist and start processing credit cards quickly.
Instabill offers several credit card processing solutions for bitcoins, including approvals in various forms of currency using major credit card brands including Visa, MasterCard, and American Express. Instabill recognizes 160 forms of currency.
In addition to your bitcoin merchant account, Instabill equips merchants with a PCI compliant online payment gateway. The Instabill payment gateway links merchants to our large, trusted network of acquiring banks that allow merchants to approve and cancel transactions and simultaneously prevents credit card fraud and chargebacks. Our online payment gateway supports large ticket transactions as well as unlimited monthly credit card processing.
The list of companies who accept and process Bitcoin seems to grow by the week. It is further evidence that the virtual currency is here to stay. There are a number of small businesses worldwide that accept bitcoin, but major companies are following. Utah-based Overstock.com became the first major U.S. retailer to recognize it and others have followed, including Virgin Galactic, Tiger Direct, and the NBA’s Sacramento Kings to name several.
Instabill bitcoin merchants can establish an offshore merchant account for their businesses if desired. Instabill works with a diverse group of offshore banking partners who can provide a merchant account solution best suited to handle bitcoins.
Bitcoin is a new, high-risk industry and Instabill has found solutions for high-risk merchant accounts worldwide since 2001. With its vast network of domestic and offshore banking partners, Instabill provides solutions for Bitcoin merchants worldwide and proudly offers a number of perks including multi-currency processing, potential tax benefits, and dependable payouts. If you have questions about Bitcoin merchant accounts or would like to receive a free quote, click the button below or call 1-800-318-2713 to speak with a live representative.