If you have a commerce that wishes to accept Bitcoin, Ethereum, Litecoin or Bitcoin Cash, Coinbase‘s bitcoin merchant services is probably the best option out there. They recently announced a new version of the platform which will be called Coinbase Commerce.
Advantages of The New Bitcoin Merchant Services
The new bitcoin merchant services platform will simplify the payment mechanism, the tracking of the earnings and the withdrawals.
According to their official website, the 3 main advantages of the services are the following:
Secure and Trusted
Designed and built by Coinbase, the world’s leading digital currency company. Security is always our number one priority.
Run your business from anywhere in the world and get access to a global customer base by accepting borderless digital currency payments.
Our world-class team is constantly working on improving the platform and building new tools to help you run your business.
Who Are Bitcoin Merchant Services For?
The bitcoin merchant services is available for small businesses and projects, as well as for large corporations and organizations.
According to Coinbase, Shopify will be one of the first platform to integrate its new merchant services. Microsoft, Overstock.com and Expedia are also expected to use the services.
The payment platform will be easy to integrate to existing checkout options or as a button for websites and blogs.
The fees for the merchant services will hover around 1%, which is much lower than Paypal’s 2%-3%.
Coinbase hopes that this new bitcoin merchant services solution will allow cryptocurrencies to become adopted by a larger proportion of individuals and businesses.