Accept Bitcoin at your camera store

Launched in 2009, Bitcoin is a digital currency that is completely decentralized. Over time, Bitcoin has gained popularity throughout the world upon which it has grown and transformed. This growth is what has led to businesses such as camera stores to implement Bitcoin as an option of payment. Alongside other digital currencies in nature, Bitcoin is being embraced all over the world.  Different opinions have been raised concerning its long-term effects with others believing it to be the future of all transaction.

Why camera stores are accepting Bitcoin

Over other forms of online payments, Bitcoin is superior in many ways making it a choice for most businesses such as credit card transactions. Due to the importation of products, the ease for money transaction is an advantage for the prosperity of the business. Unlike banking payment platforms that may take up to three days, Bitcoin transactions may take less than 5 minutes no matter the recipient's location thus promoting its borderless nature. Another advantage that Bitcoin has over other forms of online transactions is that it offers no limit to the amount that is to be transacted.

Why camera stores prefer Bitcoin than credit card payments

Different reasons have been given by different businesses as to why Bitcoin transactions are preferred over other payment forms such as credit cards. These entail;

• Greater security

Compared to other online payment methods, Bitcoin has proven to be more secure as a result of its full decentralization with all of its transactions being stored in a public ledger thus helping to eliminate fraud cases. This is completely different to credit card payments that have centralized institutions thus being impervious to manipulation. Additionally, pingback cases are not reported with the transaction being anonymous, meaning that, information such as name and address are not portrayed during the transaction.

• Lower transaction fees

Bitcoin transactions are close to zero, making it affordable to every user. As compared to credit cards which are centralized thus  incurring more transaction charges. Another important factor is that Bitcoin transaction fees are not fixed as it changes with a change in digital currency market performance. This varies to credit cards that have fixed transaction fees regardless of the currency performance.

Brand Reputation

A risk-taking business is mostly appreciated by its clients as it shows a positive move for the business especially if the move concerns emerging technology. Customers will want to be associated with the business brand if it accepts Bitcoin transaction.  Therefore using Bitcoin in the camera store will ensure clients stick around as the will want to associate themselves with a business that is future oriented.

• PR Opportunities

The performance of Bitcoin, as well as its recent awareness, has been transferred to businesses that use it for transactions. Accepting Bitcoin in your camera store will ensure your business is covered with free publicity thus creating customer awareness. Through this, customers are able to be reached translating to good sales for the business.

• Bitcoin supporters

The wide Bitcoin community consists of miners and traders who are always eager to help one of their own.  accepting bitcoin as a mode of payment in your camera store will ensure membership in this community thus helping the business to tap into a new breed of customers

• Brand allegiance

Knowing that competitors may implement using Bitcoin in their businesses should result in the camera store getting there first. This is done to ensure that customers who are enthusiasts of Bitcoin are maintained in the business thus portraying the business as a trendsetter.

How to accept Bitcoin payments at your camera store

Accept cryptocurrency payments through ExagonPay. ExagonPay is an online platform which makes it easy for businesses like camera stores to accept digital currencies like Bitcoin as options for payments. All received payments are converted to either the Euro or USD to avoid the volatile nature of the cryptocurrency market. However, it’s important to note that clients who prefer to keep their payments in digital currencies are not required to do any verification. If a client wants all payments to be converted into either the USD or Euro then they are required to verify their identity.

To start accepting digital currencies like Bitcoin and all other digital currencies sign up with ExagonPay. If you want to use the platform for e-commerce then create API credentials. However, if you want to use the platform for donations or normal payments then simply create a payment button.

The future of accepting Bitcoin for camera stores

In the past, there have been arguments about the credibility of Bitcoin. Bitcoin has however proven to be a platform which can be trusted and its already moving towards mainstream adoption. Businesses that accept Bitcoin early will have an added advantage than those who wait until it’s fully adopted. It’s time to move from centralized platforms.