CREDIT CARD PROCESSING

Credit card fees can range from 1.6-4% per transaction, often with the highest fees being paid by small businesses who are unable to negotiate a better rate. Businesses can increase their margins by utilizing the Bitcoin network, which has significantly lower fees. If a merchant chooses to immediately convert to USD (or any other local currency) through a Bitcoin payment processor, they only pay 1% of their total transaction, effectively eliminating all of the volatility risk associated with bitcoin. If a merchant chooses to hold the bitcoins, the transaction fee is a fraction of a cent.

Source: Goldman Sachs Global Investment Research

GLOBAL REACH

Bitcoin allows merchants to reach a much wider audience. Since bitcoin is an international currency utilized by people in almost every country and bitcoin allows near instantaneous transfers, merchants can accept bitcoin for goods and services on the international scale.