The bitcoin payment processing space continues to get more crowded with the launch of merchant services by igot, a bitcoin exchange based in Australia. This new service will put the company head-to-head with some of the largest payment processors in the market.
“Accepting bitcoin through igot has multiple advantages for merchants. Integration take just minutes, and it protects businesses from both credit-card chargebacks and price volatility,” said Rick Day, co-founder of the company, in a statement.
The company believes it has a competitive advantage because it can facilitate cross-border payment in nearly 40 countries, allowing businesses to cash out in any of those currencies. According to igot, integration is simple, which is important since they’re working with online businesses.
“Our primary focus is online stores, and we do not expect huge numbers of signups from brick-and-mortar businesses at this time,” Day said in an interview with Bitcoin Magazine. “Over time, we will work with POS solutions to integrate igot’s service into their existing hardware. Right now, accepting bitcoin requires almost no effort from the merchant and, once sales start coming in, igot automatically converts the bitcoin to fiat currency and places it in the merchant’s bank account.”
Source Article from https://www.freedomsphoenix.com/News/174110-2015-04-09-bitcoin-exchange-igot-expands-merchant-services-to-over-30-countries.htm?EdNo=001&From=RSS
Bitcoin Exchange igot Expands Merchant Services to Over 30 Countries
No comments:
Post a Comment