Would you prefer your payouts in bitcoin? Instabill can do that for you.
A provider of payment processing solutions for e-commerce, MOTO and POS businesses, Instabill Founder and CEO Jason Field announced Monday that Instabill can begin depositing payouts into the bitcoin accounts of its merchant partners.
“It has long been a goal of Instabill to have the ability to payout and accept payments in bitcoin,” said Mr. Field. “It has been a series of steps. Not only can we payout merchants in bitcoin, but we will soon be setting up merchants to accept bitcoin as an additional payment solution.”
As of Monday morning, bitcoin value hovered near $650 US and €590.
Payouts in Bitcoin: How We Do It
The merchant account application process with Instabill remains the same. Prospective merchants seeking payment solutions need to provide the necessary know-your-customer (KYC) documents.
Once the merchant’s application is approved, merchants have the option of receiving payouts in bitcoin from Instabill contingent on having/opening a bitcoin account with a reputable bitcoin wallet such as:[/vc_column_text]
“We’re not enabling or trying to persuade merchants to accept bitcoin,” said Mr. Field. “Rather, this is simply another innovative payout option we’ve added to our menu of services.”
Instabill Embraces Bitcoin and Digital Currency
As an e-commerce payments pioneer, Instabill’s interest in bitcoin and digital currency is consistent with the company mission that embraces new technology.
In September 2014, Mr. Field was a featured speaker at the inaugural Crypto Valley Summit in Douglas, Isle of Man, where he announced Instabill would offer banking options for digital currency companies and startups. The announcement that was warmly welcomed as Instabill currently provides bitcoin merchant accounts to several domestic and international bitcoin merchants.
To inquire about opening a bitcoin merchant account or joining our partner program, Instabill merchant account managers are reachable at 1-800-318-2713 or by selecting the live chat option below.