About Bitcoin Merchant Accounts and Cryptocurrency Exchanges

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Choose a Bitcoin Merchant Account and Cryptocurrency Exchange?

Some people choose a Bitcoin Merchant Account to make Crypto transactions. Is it Safe? Why not choose a Crypto Exchange that guarantees safety. It turns out that there are several reasons why people prefer Bitcoin Merchant Accounts. Everything will be discussed in detail in this post.

Bitcoin Merchant Accounts and Cryptocurrency Exchanges



What is a Bitcoin Merchant Account?

Customers want to buy bitcoins with credit cards and debit cards. In fact, consumers looking for all kinds of digital currency want to buy cryptocurrencies with credit and debit cards. Paynet secure provides bitcoin merchant services and cryptocurrency merchant accounts to cryptocurrency exchanges, dealers and other businesses selling virtual coins. Selling digital currency is easier than ever when you offer an easy way to buy cryptocurrency with credit and debit cards. Usually buyers and sellers will exchange messages and interact directly during transactions.

While many use the term “bitcoin” on this page, it also includes many other cryptocurrencies that are based on digital tokens or coins. Bitcoin now has significant competition from cryptocurrencies developed from blockchain technology. Bitcoin has become something of an umbrella term because it was the first digital currency to be built on a decentralized per-to-peer network. Bitcoin is still the leader based on market cap and popularity. However, the competition among cryptocurrencies is fierce. A bitcoin merchant account gives customers of bitcoin exchanges and other crypto-related businesses the ability to buy cryptocurrencies with a credit card or buy bitcoins with a debit card.



How to Sign Up for Your Cryptocurrency Trader Account

Of course, having a signer on an account with good personal credit is important. If credit is poor, we recommend adding a co-signer on the application form with good personal credit. Cryptocurrency exchanges sell through secure websites. Naturally, make sure that all the pages on your site load quickly and display correctly. Privacy, refund & other related policies should be clearly visible. Make it easy to find a customer service email or phone number. Underwriters often โ€œcold callโ€ or email customer service to determine your customer service qualifications.

If the call goes to voicemail, create a message that identifies your company name and when the customer can expect a call back. When email autoresponders are used, be sure to confirm receipt of the email and notify the author when a reply will be sent. Then respond as promised. Cryptocurrency site requires username & password to login. Therefore, include a demo or test drive so the underwriting team can see what the customer sees.



Special Terms of Bitcoin Merchant Services

The main concern for acquiring banks when reviewing cryptocurrency trader account applications is anti-money laundering. Therefore, in your application file include all the details about your anti-money laundering and compliance policies. Most cryptocurrency traders have this information available. Knowing your customer is very important for bitcoin companies. The standard due diligence documents required from the customer before buying cryptocurrency must be included in the application package. Other information to provide includes the steps you take to prevent fraudulent transactions and how your blockchain monitoring computer security system functions.

Final processing rates for cryptocurrency trader services are based on the strength of the application package. Our goal is to save you money on payment processing while providing you with the best technology and service. Every bitcoin trader account is somewhat unique. However, similar fees are common to all accounts. This includes discounted rates plus a small fee per transaction as well as set rates for chargebacks, refunds, and monthly statements.



Why Choose Your Bitcoin Merchant Account?

  • Worldwide Banking Network . The acquiring bank network is interested in offering you cryptocurrency merchant services so that your customers can buy bitcoins with credit and debit cards.
  • Competitive Rates . Contact us today for a no-obligation rate comparison. Our goal is to provide you with the lowest rates with the best terms and conditions.
  • Fast Approval . Quick approval means customers can buy cryptocurrency with a credit card more quickly.
  • High Volume Credit Card Processing. A high volume, bitcoin merchant account gives you the processing capacity you need to grow your business smoothly and efficiently.
  • PCI-DSS Level 1 Credit Card to Bitcoin Payment Gateway. Exceeds the most stringent standards for secure cryptocurrency credit card processing.
  • Chargeback Prevention & Mitigation Services . Stop chargebacks before they happen. Fight chargebacks you can win.
  • Customizable Fraud Fighting Weapons . Powerful and customizable fraud fighting tool. Quickly received a good order. Stop fraudulent transactions. Set aside questionable orders for review.
  • Superior Customer Service . Experienced representatives are dedicated to your success. Get professional help fast when you need it.
  • Smaller fees compared to Crypto Exchange. Even some sellers offer free fees or no discount at all.
  • Faster because there is no need to queue and wait for the price according to the selling list.

Maybe that’s the reason why many people prefer Bitcoin Merchant Accounts.

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