A relatively new, high-risk industry, finding the right banking partner for your bitcoin merchant account can be challenging. Teaming with Instabill, however, is easy.
A global leader in merchant services, Instabill provides bitcoin merchants with high-quality Internet merchant account services at extremely low rates. Through our trusted domestic and offshore banking partners, we help establish bitcoin merchant accounts while saving company money on processing fees.
Instabill has always offered merchants the choice of payouts in their own familiar currency. Now, Instabill can offer payouts in bitcoin. Prospective merchants seeking payment solutions need to provide the necessary know-your-customer (KYC) documents, as they would with any merchant account with Instabill.
Once the merchant’s application is approved, merchants can receive payouts in bitcoin from Instabill contingent on having/opening a bitcoin account with a reputable bitcoin wallet, such as:
Click to expand and learn more about our bitcoin merchant accounts.
Perhaps the most discussed financial news item of the decade, Bitcoin is digital, peer-to-peer currency founded in 2009 by the persons or people known as Satoshi Nakamoto. Similar to gold, Bitcoin is mined by solving a complex mathematical algorithm in a personal computer and found in blocks. Bitcoins are stored, sent and received using e-wallets.
Bitcoin benefits include easy, person-to-person transfers; no credit/debit card or PIN use; convenient storage on your PC pr smartphone; and public, traceable transactions which help deter fraud. Though volatility is an issue, the value of bitcoin has hovered around $600 per as of the fall of 2016.
Speak with a merchant account manager directly at 1-800-318-2713, or simply click the button to get started.
Instabill offers the following solution for bitcoin merchants looking for payment processing.
We often see our competitors offer approvals as fast as 1-2 business days, even for offshore merchant accounts. For 99 percent of all merchant account applications, this is simply not true.
Approvals for any of the merchant account solutions that Instabill offers can take anywhere from five business days to two weeks. We’ve done it quicker, but approvals are contingent upon several factors:
We would love to be able to offer an approval within a day or two, but chances are it will take longer for the acquiring bank to give the green light. Rest assured, however, that our expert merchant account managers will do everything possible to get your business approved as soon as possible.
Our staffers walk you step by step through the application process and remain as your consultant for the life of your partnership with Instabill. Chat live with a merchant account manager by selecting the button below.
Every merchant account furnished by Instabill includes a payment gateway provided by the approving bank. Instabill’s trusted banking partners offer a secure payment gateway for all transactions, with which you will connect the bank’s API to your website upon approval.
The list of companies who accept and process Bitcoin grows by the week. It is further evidence that the virtual currency is here to stay. There are a number of small businesses worldwide that accept bitcoin, but major companies are following. Utah-based Overstock.com became the first major U.S. retailer to recognize it and others have followed, including Virgin Galactic, Tiger Direct, and the NBA’s Sacramento Kings to name several.
The fees Instabill charges are depend on several factors, such as the merchant’s processing history, type of industry (high risk or low risk) and/or projected sales volume. Each merchant account is unique, but typical fees for Bitcoin merchants include: