Benefits of Using Bitcoin for Small Merchants
Bitcoin has been occupying the headlines for some time now, many small and big merchants have been already using it rigorously past few years. But even after being used rigorously by some, many are still are afraid of using it thinking it to be illegal to use. But many those have already used it have given some very positive reviews about it.
Some of the government around the world has used it and has allowed the countrymen to use it. In many countries in the past when the national currency could not stand by them to review them back from the crisis, bitcoin did. Bitcoin brought back the situation to the people so that they do not face inflation and find what might happen if the scenario worsens and then you will understand why it has it been used.
Many businesses all across the world have legally or illegally used this facility and most of them have had some great positive response of it. Knowingly unknowingly many people use bitcoins now and most people have been found to show interest in paying in bitcoins rather than any currency that they use. There have been various reasons from the point of view of the merchants but even the customers do enjoy this facility for various reasons.
The very simple reason for the customers that they like this facility because they do not have to carry any purse or money. They will just carry their smartphone and they will be able to pay for whatever item they buy. You can start trading in bitcoins if you want to become a bitcoin millionaire
Why Should the Small Merchants Use Bitcoins?
While there are numerous other reasons for using this bitcoin but some bitcoin users have been very happy with the use of the bitcoins.
Ready to Use Internationally – Bigg businessmen already use bitcoins for international use but now the small merchants also expand their use. Usually, in case of any other kinds of currency, it is a problem because the in case of international trading the currency has to be converted into the currency of the country where the transaction is happening. Not only the exchange of the company, in case of a high amount of money, it again restricts the amount like you can’t send more money beyond some amount. So, it is like a restriction for the ones who want to do international trade.
In the case of a bitcoin transaction, this becomes easy and you can trade the amount that you want. You will not have to worry about the conversion of the currency, you can just make payments in bitcoin and your bank associated with it will be able to change it to the currency that you use. Also, when you transfer normal currency you are charged separately for transferring money but in the case of bitcoin, the amount of transaction fee remains the same for anywhere on earth 0-1%.
The time is taken for the transaction of money often up to 7 days, but in case of a bitcoin transaction, it takes a few seconds or a few minutes, it is almost instant transaction no matter where and when you send. There is also no time restriction like in net banking the money is usually transferred during the bank hours and usually in late hours it does not work. But in case of bitcoin, it is different.
Get paid quickly – Receiving money through bitcoin is almost instant, so it is the best way of payment if you have any business. You will get paid for your work almost instantly, hence it is important that you start using bitcoin as soon as possible.