Compared to a standard credit card payment, bitcoin payments purport to be relatively cheaper due to lower transaction costs. A payment service, like one of the famous bitcoin payment service provider, charges a flat 1% settlement fee to the merchant, in contrast to 2% to 3% charged by the fiat currency credit card processing service.

Bitcoin payment services permit a borderless payment network, which enables seamless transfer of bitcoins in any amount from anywhere throughout the globe, through any cellular or computer, to the merchant’s account in a large number of countries in a currency of merchant’s choice.

Bitcoin payment services declare to maintain transparency in the highly dynamic exchange rates between bitcoin and the fiat currency.

Using such services, a merchant no longer only gets various mediums to accept international payments, but he additionally gets a reliable and true identity in the digital world of cryptocurrencies, which is much safer, transparent, and reliable for getting payments.

Imagine being asked to make a direct payment to an individual bitcoin wallet, versus seeing the payment being processed through the network of an established payment service provider – a customer would discover the latter more trustworthy to proceed with. That is the value-add a commercial enterprise receives from such services.

Technological advances and the evolution of new offerings will continue to emerge. A win-win scenario may also be achieved by means of traditional payment services that adopt bitcoin technology and provide comparable services using their decades-old, established brand names. As the saying goes: “If you can’t beat them, join them!”