Welcome to Lesson 17 of the Cryptocurrency series by PROP365 Academy. In this lesson, we’ll show you how to pay with Bitcoin and how small businesses can accept Bitcoin for services and goods.
Accepting Bitcoin for services or goods starts with simplicity. If you're a small business owner, the easiest way to start is by posting a simple sign that says, "We accept Bitcoin," and asking interested customers to contact you directly. This is a low-effort way to raise awareness while encouraging customers to learn how to pay with Bitcoin.
Even if few customers actually pay with Bitcoin, this action promotes wider adoption and positions your business as forward-thinking. You're showing customers that you support Bitcoin for services, which could inspire them to use it elsewhere.
Practical Ways to Accept Bitcoin for Services
If you have a physical shop, customers can pay using hardware terminals, touchscreen apps, or simply by scanning QR codes linked to wallet addresses. This makes it easy for anyone who knows how to pay using Bitcoin to complete a purchase in seconds.
For online businesses, integrate a secure payment system that generates Bitcoin addresses and amounts dynamically. Ideally, hire a competent programmer and run a full node—especially if your business deals in high-ticket items.
Your invoices should always include the correct BTC amount and offer an easy way for customers to retrieve the Bitcoin address, such as by entering their invoice number on a specific URL. Always generate a unique address per invoice and avoid reusing addresses.
Ensuring Secure and Traceable Payments
To provide customers with proof of payment, include the payment address on a stub or digitally link it through a payment URL. This allows them to confirm the transaction on a public blockchain explorer, offering both parties transparency.
By following these best practices, businesses can efficiently accept Bitcoin for services and ensure their customers know exactly how to pay with Bitcoin securely.
Summary on How to Pay with Bitcoin
Using Bitcoin is easier than it looks. As a business owner, accepting Bitcoin payments not only simplifies transactions but also aligns your brand with the future of finance. Want to simplify your crypto experience and scale your trading knowledge? Sign up now and explore what PROP365 has to offer.
