In today’s age, more people are realizing the potential of accepting bitcoins at their stores. Most online business owners already have a merchant account with the popular payment processor PayPal. However, not all online shops have the facility to accept payments in this digital currency. Hence, one must know how to accept bitcoins in order to get paid online.
To accept payments in bitcoins is quite easy. All you need to do is find a merchant account provider who will enable you to place your order using your payment gateway. Once you have chosen a provider who will let you accept payments in this way, the rest of the process is easy.
The first thing you need to do is to sign up for a free account with Shopify. Do not worry about security issues as the company is very transparent and has been in the market for quite some time now. Once you have signed up, login to your Shopify store and click on the ‘Pay With Gmail’ option. This is a link which is provided by Google for easier shopping cart access to your website. Once you have logged into your account, you can go ahead and click on the ‘bitcoins’ link which is located on the top-right corner of the page how to accept bitcoin on shopify.
Once you have done so, you will be directed to the payment section where you can choose a wallet which you will use to receive payments from your website visitors. Choose a service provider based on the type of website you are operating and the type of products or services you are selling. Once you have done that, you will find an option for selecting the currency in which you will receive payment for your goods and services. This section may also enable you to set a payment gateway which is the connection point between your website visitor’s bank account and your merchant account provider. If you select the appropriate option, then your webpage visitor will be redirected to the payment gateway where he/she can fund their account.
After clicking on the ‘Submit button’ on the payment gateway, your account details will be processed and the funds will be transferred to your merchant account in real time. The transaction will be verified and the amount should be credited to your website user’s account in the shortest possible time. It should be noted that you will not receive any transaction fee for this process unless you have a page with high sales volume. Once the sale has been completed, the payment will be credited to your website user’s account. This is how to accept bitcoins on Shopify.
Once your website visitors have made their purchases, they will need a way of safekeeping of their money until they have cleared their payment debts with their online shopping site of choice. You can provide this with a ‘Bitcoin’ option on your website. This will enable your visitors to send you their money through the electronic currency exchange known as Bitstreem. Once your website users complete their purchase, they will complete their sale with a check and send you their receipt, thus showing that they have paid you for your services.
Another reason why your visitors will need a way to pay with their bitcoins on Shopify is because you will want to keep track of all their financial activities on your website. Tracking the money flow on your site can become a daunting task without the use of analytics software. Without analytics software, it will be impossible to keep an eye on which merchant account the sale originated from or which orders your website visitors paid for. This means you will have no way of knowing whether or not your site visitors are actually buying the products they were looking for. To solve this problem, you should install a payment gateway on your website. You will have to learn how to accept bitcoins on Shopify before you can begin setting up your merchant account though.
Before you can start accepting payments from your site visitors, you will need to learn how to create an ‘appear secure’ page for them. This is a common step for new website owners who do not know how to accept bitcoins on Shopify. Just go to settings and then ‘omniauto accept transactions’ to turn it on for new users.