How To Complete Bitcoin Payments On An E-Commerce Platform

Bitcoin has become the preferred payment method on Amazon and other e-commerce platforms. However, if you want to accept Bitcoin as a payment method, there are a few things you need to know before sending.

First and foremost, if you use third-party services such as Coinbase or BitPay, make sure they are registered with your country's financial services regulator (such as the UK FCA). The FCC in the US and ASIC in Australia are already cracking down on companies that don't follow their rules.

If you want to convert bitcoin to fiat currency (e.g. USD or EUR), you need an account on a trusted exchange that accepts the local currency of your country and any other currency you wish to accept (BTC/USD). You will also need a bank or wire transfer account with the relevant exchange provider. Some banks will not accept deposits from exchanges until they have been around for at least 6 months.

In fact, sending payments in Bitcoin still has some issues to resolve before it is fully accepted by merchants around the world. At first glance it looks very simple.