Accept Bitcoin in travel agents/tour operators

Traveling agencies receive clients from all over the world wishing to site see and or just get to their destination. The need for a fast, transparent and secure means of payment is important. This can be achieved by accepting bitcoin transaction in your establishment for its safety that has been seen since its launch in 2009. Bitcoin is a fully decentralized cryptocurrency giving its users the ability to have full control of the finances. Originally began as a store of value, Bitcoin has since developed into a means of payment.

Why travel agents/tour operators are accepting Bitcoin

Seen as one of this century's best invention, Bitcoin is preferred by businesses to other online methods of payment as a result of its secure nature. Additionally, international payments are made with no additional delays thus many travel agents/tour operators are implementing the use of Bitcoin as a means of payment. Bitcoin transactions, no matter the geological location, are able to be transacted in a matter of minutes as compared to other international bank transfers that last up to 3 days to be approved.

Why travel agents/tour operators prefer Bitcoin than credit cards

Travel agents/tour operators have varied reasons as to why they prefer Bitcoin as a means of payment as opposed to credit cards. Some of the reasons entail;

• Greater security

Cyber crimes are a big problem for online payments with cases of hacking being reported on a daily basis. Bitcoin may have just solved this problem as a result of its great security that is mainly attributed to Blockchain technology. Blockchain technology is responsible for the full insurance of Bitcoin decentralization that means that there is no central institution in control of its payments. The same cannot be said about credit cards which have centralized institutions as a result, making it prone to manipulation. A public ledger is used for the recording of all transactions, therefore, establishing its transparency.  Not a single security breach has been reported since Bitcoin's launch in 2009.

• Lower transaction fees

The popularity of Bitcoin has been enhanced by its low transaction fees that are close to zero and are also not fixed. Low transaction fees are It’s determined by the performance of the digital currency unlike in Credit cards where the transaction fees are high and at the same time fixed regardless of the performance of the currency.

• Brand Reputation

Travel agents/tour operators are investing

in digital currencies such as Bitcoin in order to gain reputation. This means that accepting Bitcoin payments can be a very positive thing for the reputation of the business as a client are happy with businesses that are ready to take satisfy their needs even if it means taking risks. This can be a very positive move for the business especially if the main competitors have not started accepting Bitcoin as a mode of payment

• PR opportunities

A lot of media attention is gained as a result of using Bitcoin in your business. This is as a result of past businesses receiving massive attention as a result of Bitcoin's popularity. As a result of media attention, free publicity is gained which then creates awareness for the customers thus potential customers are reached.

• Bitcoin supporters

The Bitcoin community is large and comprises of Bitcoin miners and traders. The Bitcoin community is always willing to help out fellow members thus incorporating Bitcoin in your business may be a huge move as this ensures the business gains customers who are Bitcoin enthusiasts. As a result of Bitcoin use, sales are also automatically boosted.

• Brand allegiance

The competition is always trying to get ahead by adopting  Bitcoin as a means of payment. Customers can change allegiance to the business if the competition is first to incorporate Bitcoin as a means of making payment.

How to accept Bitcoin at your Tour operations company

Accept Bitcoin payments through ExagonPay. ExagonPay is an online platform which markets it easy for businesses like tour operations companies to accept digital currencies like Bitcoin as options for payments. All received payments are converted to either the Euro or USD. 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 Tour operators

Bitcoin has already grown beyond expectation and its future still looks very bright. Some of the world’s largest companies are already accepting it as an option of payment. The adoption of Bitcoin will continue in future and the digital currency will soon be a mainstream means of payment.