Benefits of Bitcoin Payment
Bitcoin has numerous benefits and advantages over using localized currency; we will discuss some of the biggest advantages.
Quick and Cheap Bitcoin Transactions
When making a Bitcoin transfer the fees are extremely low compared to conventional methods of moving money. A normal Bitcoin payment fee is 0.0005 BTC per transfer (0.2 THB, less than a 25 satang coin), whereas with a typically international wire transfer you could expect to pay 700THB-1300THB per transaction. Accepting credit cards will generally cost 3-5% of the transfer amount, which again is much more expensive than a Bitcoin payment transaction.
International wire transfers can take from a few days to more than a week, whereas Bitcoin payment transactions are generally confirmed with an hour.
Irreversible Bitcoin Transactions
As existing merchants will be well aware, when accepting credit card payments, or even bank payments the sender has the ability to reverse or “chargeback” the payment. There is nothing worse than sending products to a customer, only to receive a message that the payment has been reversed, you have been cheated and there is nothing you can do about it.
Bitcoin payment is the only payment method that is 100% irreversible and cannot be charged back. For this reason you should be careful when sending Bitcoins; be sure that you are sending them to a trusted vendor.
If you are a private customer you can also pay with Bitcoins in our other business Clean and Solve in Poland.