With the advancement in not just technology, but also in the means of money becoming digital, many people are wondering about the same question as well as the process involved in it.
I mean, with the drastic change that has followed us over the years only makes the fact to be confirmed that maybe it was time to take it up a notch, but should you accept bitcoin for a membership site still holds a lot of grey area.
Though, in the end, the decision or the choice of accepting Bitcoin payments is up to you, you still will need to know the right methods and setup that will be required for the process.
Things you will need to be able to accept Bitcoin and Cryptocurrency for a membership website
Cryptocurrency is designed specifically for the modern and advanced world, and with being aware of this fact, one must also know that it does not require a lot of setups, for you to be able to start accepting Bitcoin for a membership site.
And, but obviously, everyone needs to know the basics, to be able to decide the best way of accepting Bitcoins and other forms of payments.
Know the basics
Before becoming an official cryptocurrency holder, you will first need a “wallet,” which is very much similar to the “wallet” app that can be found on an iPhone, the difference being, this wallet will be specific to crypto.
Now, this crypto wallet helps you with buying, selling, and holding many other different types of cryptocurrency, for example, Tether, Bitcoin, etc.
If you are wondering as to whether this method is secure, then you needn’t worry because with the wallet you will also get a key, that can be only accessed by you alone, keeping your currency safe, and at the same time, the wallet automatically connects itself to other apps, making payments much easier and seamless.
So, when someone is buying something on your website, or vice versa, the money will filter itself in your wallet, and after that, you can exchange it in any form of currency.
Now, no matter the advancement in our ways, good communication is always a necessary factor for smooth outcomes.
If you are going to go ahead and accept Bitcoin for a membership site, then you will need to clearly explain the purpose to your audience, as well as make sure that they are aware of the new changes that are showcased, with the benefits involving them.
This is actually quite an opportunity for you to showcase yourself as a brand, and make sure that you communicate well, and only then will you be able to find more and more people and foster loyalty.
Ways to accept Bitcoin for a membership site
Coming to the part where you will properly understand as to how to accept Bitcoin for a membership site, there are many processors involved in it, as well as many manual ways of accepting Bitcoin.
There obviously are many professional ways that revolve around when it comes to digital currency, such as digging deep into the companies and finding the best way that fits you.
But, today let’s cover some of the easiest ways of accepting Bitcoin.
NOWPayments is an easy to implement, and a low-fee processing option, and is indeed very popular.
It helps you accept over 100 cryptocurrencies, and at the same time easily convert them into the currency of your choice.
It is used by major e-commerce platforms and has good and durable compatibility, also it offers really great plugins, and has a great point of sale solution.
PayPal is one of the most used, as well as the biggest online payment providers in the world, who also have stepped into the crypto sphere in recent times.
It started as a way of being a medium where people would make small day-to-day transactions, but today it is used on a large scale by millions of people for the purpose of transactions to be done digitally and in large amounts.
Though PayPal still doesn’t completely embrace cryptocurrency thoroughly like the other options available in the market, it is still considered as an easy method to accept Bitcoin.
BitPay is one of the best ways for helping websites that are looking for accepting Bitcoins and cryptocurrencies and payments.
It offers a variety of different ways for customers to make payments, with easy and accessible payment buttons, invoices, and hosted checkouts.
All the features that BitPay provides are very easy to set up, which means that you can start accepting Bitcoins, as well as make payments without having to face any troubles.
It also helps protect your volatility using its Zero Price Volatility feature and your daily bank deposits.
Accepting Bitcoin and cryptocurrency manually
The introduction and even the discovery of Bitcoin and cryptocurrency were done for the sole purpose of making it easier for individuals to be able to make payments to each other without involving a third party.
That is, it makes it easy for you to speak to your buyer and organize the money.
This action now happens in the wallet of the customer, where they simply facilitate the payment accordingly.
All that you will need to know is your “address,” which is the alphanumerical string (you can also generate a QR code) and this you will be able to locate in your wallet.
Once the customer or buyer has your address they can easily and quickly make the payment and then complete the transaction process.
The usage of Bitcoin and cryptocurrency, and other such digital currencies are starting to become more and more popular and mainstream, and you can as well capitalize your website if the market allows so.
While the world still debates on as to whether the use of cryptocurrency actually is advantageous or not, you can accept crypto payments without exposing yourself to unnecessary risks.