Resources Archives | Page 7 of 8

5 Different Ways to Accept Payments Online

September 29, 2021September 29, 2021 CoinPayments

Online business owners have to decide one key thing before they start taking orders from their customers: how they will accept digital payments. Unlike with a retail store POS system, you can’t take cash from your customers. Even if they were to mail it to you, it would take too long for the payment to arrive and would be subject to several downsides, like the possibility of theft or underpayments. However, online commerce has come a long way since it was first invented. Today, let’s break down five different ways…

Online Merchant Account: An Essential Guide for eCommerce

September 28, 2021 CoinPayments

Running an eCommerce store is fundamentally different from operating a retail store for one big reason: transaction security. Unlike with a brick-and-mortar store, you can’t accept cash for payments from your customers. Not only would it take too long to arrive, but it would also be at risk of being stolen in transit. You would also have very little way to confirm that you were being paid the amount of money you were owed. To solve this problem, eCommerce websites universally rely on secure payment portals that allow customers to…

Cryptocurrency Payment Gateways: Understand Your Options and Start Accepting Crypto Payments

September 28, 2021September 28, 2021 CoinPayments

The era of crypto is now. More than ever before, customers and merchants are using cryptocurrencies like Bitcoin, Ethereum, and other altcoins in staggering amounts. Cryptocurrencies are decentralized and reliable, allowing instantaneous international transactions without as many security risks as traditional credit or debit card transactions. If you want your eCommerce store to accept crypto payments, good choice! But you’ll need a cryptocurrency payment gateway to make it happen. Let’s break down cryptocurrency payment gateways and explore what you need to look for in a great payment gateway for your…

How a Bitcoin Transaction Works

September 15, 2021September 16, 2021 CoinPayments

Within the last few years, Bitcoin (BTC) has become an incredibly popular currency, and not a day goes by without making headlines. More and more people learn about Bitcoin and its many benefits for consumers, merchants, and national economies every day. But despite its seeming ubiquity, not everyone is familiar with Bitcoin’s algorithm or how a Bitcoin transaction works. CoinPayments explains the inner workings of a simple Bitcoin transaction below and provides a foundational vocabulary for understanding the crypto market and Bitcoin network. Important Definitions For Understanding a Bitcoin Transaction…

How To Accept Bitcoin for ECommerce

September 15, 2021September 17, 2021 CoinPayments

Introduction Bitcoin is almost synonymous with the rise of cryptocurrency in the public imagination. From its humble beginnings in 2009 to its bumps and staggers until 2017, when it truly became the giant it is today, it has always been an intriguing case study in cryptocurrency. It is the most popular cryptocurrency, so then comes the question: what can you do with it? Well, unsurprisingly, you can use it as currency. Business owners need to consider accepting Bitcoin and other digital currencies on their eCommerce platform. This article will explain…

Set Up An Ethereum Wallet: Tips and Tricks

September 15, 2021September 17, 2021 CoinPayments

Ethereum is an extremely popular cryptocurrency. As one of the many cryptocurrencies available today – among them Bitcoin, Litecoin, Dash, Ripple, and Dogecoin – it was originally developed to help with cloud-based processing to execute code. However, it is now one of the most popular cryptocurrencies traded and mined today. If you are considering setting up an Ethereum wallet, there are some tips and tricks to know that will help you figure out what’s best for you. Let us take the guesswork out of setting up a crypto wallet for…

What is a Merchant Account and How to Open One

September 15, 2021September 18, 2021 CoinPayments

Merchant Accounts Defined Understanding all the complexities of business management isn’t easy. But a merchant account is essential for running a smooth and secure establishment. A traditional merchant account is a commercial bank account specifically for businesses to make and accept electronic payments. Essentially, merchant accounts allow companies to accept credit and debit card transactions, among other forms of electronic payments. But how exactly does a merchant transaction work? And why is a merchant account needed for a business to accept electronic payments? How Does a Merchant Account Work? When…

What is Cryptocurrency: Ecommerce Guide

August 10, 2021August 10, 2021 CoinPayments

The Radical Novelty of Cryptocurrency About a decade ago–seemingly out of nowhere–cryptocurrency emerged, shifting the global population’s perspective of currency. For the first time ever, there was a completely virtual global currency that had a uniform worth. Similar to how electronic payments revolutionized the payment world–dethroning cash from its monopoly of popularity–cryptocurrency has opened up a new future of financial freedom for many. The more popularity it garners, the more widely accepted it becomes. In some places, crypto is a standard payment method in coffee shops, restaurants, and retail stores.…

Ecommerce Payment Processing 101

July 22, 2021April 21, 2022 CoinPayments

Payment Processing Crypto for a New World With the rise of eCommerce and the transformation of the global retail industry after the COVID-19 pandemic, many small businesses are running around trying to figure out how to pivot their business to be either completely online or at least semi-online. Some of them have begun accepting cryptocurrency as a form of payment. This is where a payment processor comes into play. Any business that wants to sell products or services online will need to partner with a processor to accept payments securely,…