Accept bitcoin payments for your business. Use retail, ecommerce, billing, and donation tools to accept payments from customers anywhere on earth.
Receive settlement for bitcoin payments directly to your bank account in your own currency, with zero price volatility or risk.
Bitpay still allows businesses to accept payments while receiving fiat. Users of bitcoin transfer their payments using the company's payment platform. The firm locks in an exchange rate and delivers fiat to the seller's bank account. Companies can advertise to wealthy bitcoin owners and accept their payments without exposing themselves to the coin's volatility.
A number of other companies now offer a similar service. CoinGate extends the acceptance to more than 40 different kinds of altcoins with instant conversion to euros or dollars.
These tools, and more are surfacing, allow business to accept bitcoins risk-free. They can also allow businesses to receive their payments in bitcoin. While that brings back the risk, it's worth noting that if the Newport Beach car dealer had kept the bitcoin, he would have sold that Tesla for around $1.5 million in today's money. Some risks might well be worth taking
There are options and smart businesses are making good use of them. In 2013, a man in Florida called a Lamborghini dealership in Newport County, CA and asked if he could buy a Tesla from them using bitcoin. Other dealers had already turned him down, he said. The dealership was cautious. The car cost $103,000. But the company didn't want to reject a sale so it accepted the payment using Bitpay. The buyer paid 91.4 bitcoins and the seller received the money in dollars. According to CNN, news of the sale prompted ten more potential buyers to call the dealership.
