What is Bitcoin payment?

Bitcoin payments allow merchants to accept payments for goods and services directly from customers in Bitcoin (BTC), bypassing traditional banking intermediaries and reducing transaction fees. Since Bitcoin’s launch in 2009, it has become a trusted digital currency, making it a valuable option for international and borderless transactions.

Merchants can also leverage Bitcoin for mass payments, such as paying suppliers or employees globally, without incurring high transfer fees or delays. This flexibility is especially valuable in regions with limited banking access or for customers who prioritize digital currency. Adopting Bitcoin also attracts a broader customer base and provides an innovative edge in the market.

How does Bitcoin payment gateway work?

1

Set Up Bitcoin Payments for Your Business

‍Calypso Pay provides a comprehensive payment gateway API, allowing you to easily add Bitcoin and other crypto payment options to your website or platform.

2

Customer Selects to Pay with Bitcoin

Your customers can choose to pay with Bitcoin or other supported cryptocurrencies. They can also pay in fiat, which Calypso Pay will convert into crypto for your account.

3

We Generate a Payment Widget

Calypso Pay instantly creates a payment widget that calculates the amount in Bitcoin and provides the payment details to your customer. You can also enable auto-conversion to minimize the impact of price volatility.

4

You Receive Payments Directly

Once the payment is processed, funds are sent directly to your business wallet. You have the option to transfer internally with zero fees or withdraw to an external wallet.

Why use Bitcoin for business?

Accepting Bitcoin as a payment method allows businesses to tap into the growing digital currency market, offering customers a decentralized and efficient way to pay. Bitcoin transactions are often faster and more secure than traditional payment methods, especially for international transactions.

Benefits of Using Bitcoin for Business:

  • Low transaction fees: Bitcoin transactions usually incur lower fees compared to credit cards and bank transfers, especially for international payments. 
  • Fast, global transactions: Bitcoin transactions can be completed within minutes across borders, without the need for intermediaries or traditional banking hours.
  • Security and fraud protection: Bitcoin’s blockchain technology makes transactions secure and nearly impossible to alter, reducing the risk of chargebacks and fraud.
  • Transparency: Bitcoin’s public ledger provides transparency for transactions, helping to simplify accounting and auditing.

Using Bitcoin for business can streamline payments and open up new revenue streams in the digital economy.

How to accept Bitcoin payments for business?

1. Sign Up for a Calypso Pay Account. Register with Calypso Pay in under a minute. Our support team is available to assist with onboarding and integration.

2. Create an API Key. Generate an API key to set up the Bitcoin payment gateway. This will allow you to accept Bitcoin payments and make payouts seamlessly.

3. Set Up a Payment Widget. Create a cryptocurrency Payment Widget, add Bitcoin as a payment option, and embed it on your website. Customize the payment flow to match your business needs and branding.

With these steps, you're ready to start accepting Bitcoin payments through Calypso Pay.

Bitcoin payment methods

Invoices: limited and unlimited crypto invoices, fiat invoices.

Payouts: single and mass payouts.

Specific cases: recurring payments, payroll.

Payment flow: Payment Widget, Payment Link or Embedded Link.

Bitcoin payment gateway API: is supported.

FAQ

How do I accept Bitcoin payments?

  • Sign up for a Calypso Pay business account.  
  • Complete the onboarding process with our account manager.  
  • Generate your first API key.  
  • Use our API documentation or get help from our support team to integrate.  
  • Add Bitcoin as a payment option in your checkout.

What is a Bitcoin payment gateway?

A Bitcoin payment gateway is a set of tools that enables merchants to accept Bitcoin payments on their website. It allows businesses to accept Bitcoin as a payment option for their goods and services.

What is the Bitcoin payment method?  

The Bitcoin payment method lets you receive Bitcoin for products or services. It can be implemented via API, e-commerce plugins, invoices, and more.

What is the transaction speed for Bitcoin payments?

Bitcoin transactions typically take 10 minutes to confirm, but confirmation times can vary depending on network congestion. For faster transactions, you can choose to accept 0-conf transactions (not yet fully confirmed).

What are the transaction fees for Bitcoin payments?

Transaction fees on the Bitcoin network depend on the current demand for block space. Fees can range from $0.10 to $5 or more, but are generally lower during off-peak times. You can also adjust the fee for faster processing.

Can I accept Bitcoin on Lightning Network?

Yes, businesses can accept Bitcoin via the Lightning Network, which allows for near-instant transactions with much lower fees, ideal for microtransactions. Learn more about how Calypso Pay supports Lightning Network.

Is Bitcoin payment irreversible?

Yes, Bitcoin payments are irreversible once confirmed on the blockchain. It's important to ensure that the correct details are entered before making payments.

How can I track Bitcoin payments?

Bitcoin payments are fully traceable via blockchain explorers like Blockchair or Blockchain.info, ensuring transparency for both merchants and customers.

Can I accept Bitcoin for both large and small payments?

Yes, Bitcoin is suitable for both small and large transactions, although micropayments can be more cost-effective with the Lightning Network to reduce high transaction fees.

What security features does Bitcoin offer for businesses?

Bitcoin offers robust security features such as decentralization, cryptographic encryption, and transparent ledger technology. To enhance security, businesses can use multi-signature wallets and cold storage for large amounts.

How do businesses handle Bitcoin’s price volatility?

Bitcoin’s price volatility can be mitigated by using automatic conversion tools offered by Calypso Pay, which converts Bitcoin to stablecoins immediately after receiving payment.

What industries commonly use Bitcoin payments?

Bitcoin is widely used across various industries, including e-commerce, digital services, gaming, remittances, and charity, thanks to its global accessibility and decentralized nature.

Which companies accept Bitcoin payments?  

You can pay with Bitcoin at companies like Newegg, Twitch, Shopify, Microsoft, and the Dallas Mavericks. Check the article for more details.

Does Amazon accept Bitcoin?

While Amazon doesn’t accept Bitcoin directly, you can use gift cards purchased with Bitcoin to shop on Amazon.

Does PayPal accept Bitcoin?  

Yes, you can buy and sell Bitcoin on PayPal.

Can I pay with fiat with Calypso Pay?

Yes, Calypso Pay offers an on-ramp solution to convert fiat to Bitcoin.

How do I make a Bitcoin payout?

To send Bitcoin payouts, you need Bitcoin in your business wallet. You can make payouts manually in the Merchant Dashboard or integrate them via API.

Is it safe for business to pay with Bitcoin?

Yes, Bitcoin payments are secure and transparent.

Can I accept Bitcoin at my business?  

Yes, you can use Calypso Pay as a Bitcoin payment gateway to accept or send Bitcoin payments.

How do I accept Bitcoin payments from my clients?

Create a customizable payment widget and place it on your website. You can integrate it directly into your payment flow or provide a direct payment link if needed.

Can I set up recurring Bitcoin payments?

Yes, you can set up recurring payments using smart contracts on the Bitcoin network or by using third-party services that allow you to automate subscription-based payments.

Is it legal to accept Bitcoin payments for business?

It depends on your location. Calypso Pay works in all countries except the following ones:

  • Belarus
  • the Central African Republic
  • the Democratic Republic of the Congo
  • Iran
  • Iraq
  • Lebanon
  • Libya
  • Mali
  • Myanmar
  • Nicaragua
  • North Korea
  • the People’s Republic of China
  • Russia
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Ukraine
  • Venezuela
  • Yemen
  • Zimbabwe