Why would a business want to use bitcoin? It’s better.

Notwithstanding that accepting bitcoin will attract customers that want to spend money, bitcoin has a number of inherent properties that make it a superior medium of exchange.

  1. Instant & Near-Instant Settlement
  2. No Fraud and No Chargebacks
  3. Virtually No Fees

If you want to know more about bitcoin, drop into a local Bitcoin Meetup.

How can I use Bitcoin in my Business?

As a Medium of Exchange

You can accept it as payment for goods or services, and either use it as a treasury asset or convert it on a regular basis into Australian Dollars through an exchange service .

Business Treasury Asset

You might decide that the upside of Bitcoin is of such value to you, that keeping payments made in Bitcoin is worth storing long-term on your business’ balance sheet.

How can I accept Bitcoin in my Business?

  1. Hardware Devices

    There are a number of hardware options for merchants. You can find builders & suppliers in our list of Bitcoin Businesses.

  2. Mobile Software

    There are Merchant options with mobile applications or web-based services.

    These are best used by small businesses, such as retailers, trades, and other sole traders:

  3. Online Services

    There are three standout option when it comes to a hosted or self-hosted bitcoin payment processor for online retail; There are plug-in availability for Shopify, WooCommerce, Magneto, and more.

    • OpenNode - https://www.opennode.com/

    • BTCPayServer - https://btcpayserver.org/

    • Nodeless - https://nodeless.io

    If you find running your own server too technical, you may consider reaching out to the Bitcoin Moon Fund regarding how you can accept bitcoin using their BTCPayServer.