Bitcoins are the equivalent of Internet cash. You can send Bitcoins over the Internet directly to anyone with no middle man. Like cash, Bitcoin transactions are irreversible. Bitcoins are traded worldwide.
With Bitcoins you can spend and transfer money internationally for less than a penny. Sell on the Internet without setting up with a payment service. Protect your wealth from devaluation by the government.
Paying with Bitcoins is easier than using a credit card at check out. Unlike a credit card, with Bitcoins, you don’t need to fill out a credit card number, an expiration date, a card holder name, or a CCV.
Merchants typically pay from 2% to 3% in credit card transaction fees. Merchants who accept Bitcoins will be able to avoid credit card fees and can pass these savings on to consumers.
With Bitcoin, you only provide the necessary information to the merchant. For example, if the product is not being shipped to you, you don’t need to give the merchant your address.
With Bitcoin, you directly pay merchants and just like with cash there is no need to give them any payment information that can be lost, stolen, or used to make unauthorized charges.
Using Bitcoins Increases their Value
If you have some Bitcoin saved, you can make them more valuable by using Bitcoins. Using Bitcoins increases their demand which in turn increases the value of your saved Bitcoins.
MERCHANTS LOVE BITCOIN
There are many reasons merchants love Bitcoin:
Reputable merchants can still provide refunds as needed. But, this is at the merchant’s option and the merchant has no risk of fraudulent charge backs.
Low Transaction Fees
Receiving Bitcoins is free and sending Bitcoins costs less than a penny. Merchants can convert Bitcoins to dollars and get volatility protection for half a percent (0.5%).
Accept Payments Internationally
Take payment from anyone, anywhere in the world with confidence. In seconds, merchants will see the payment is on the way. Usually, in one hour, the transaction is fully completed. Services are coming to eliminate the hour delay.
No Payment Processor Set Up or Fees
Merchants accept payments directly from consumers. Merchants do not need a relationship with any service to begin accepting Bitcoins. Merchants do not need to worry about a payment processor refusing their business, delaying their funds, or cutting off service.
Some of the reasons Bitcoin is better than regular currencies:
Bitcoin is an International currency
Bitcoin can be spent all over the world.
Bitcoins cannot be counterfeited
There is no printing technology that will ever be able to fool the bitcoin network.
Bitcoins cannot be devalued
Only 21 million Bitcoins will ever be issued. Unlike regular currencies, since Bitcoins are not controlled by any government or bank, the raising of a debt ceiling and quantitative easing can not devalue Bitcoins.