How to grow your business with Bitcoin using OpenNode2 min read
The Total Addressable Market (TAM) for the global payments industry is expected to surpass $2 trillion USD by 2025. But today the market remains fragmented, and upgrading payment processors to take advantage of the increasing market size can be a costly task in itself. Fortunately, OpenNode’s bitcoin lightning infrastructure offers a faster and more economical payments solution for businesses to grow their bottom lines worldwide.
While online payment services may look similar on the front-end, the underlying infrastructure supporting these payments is largely old, inefficient, and expensive. As a result, businesses and consumers alike inherit the operational costs of antiquated technology.
With OpenNode, businesses don’t have to worry about:
- High payment processing fees range from 5 – 15% for “high risk” businesses
- Chargebacks that can offset businesses’ balance sheets
- Settlement times of 3+ days, which can delay paying operational expenses
Instead, OpenNode makes accepting Bitcoin payments simple so businesses can opt-out of paying high fees and opt-in to settling transactions instantly. By integrating OpenNode, online businesses in industries labeled high risk such as gaming, transportation, and retail no longer need to pay a premium. They receive equal treatment to low-cost transaction fees that mom and pop shops coffee shops get. Period.
Some of the additional benefits businesses using OpenNode for e-commerce today include:
- Payment templates to easily create “Pay with Bitcoin” buttons for your business.
- Instant settlement with automatic conversion into all major currencies.
- No chargebacks! All payments are final.
To get started, businesses can simply integrate their service with leading e-commerce platforms, such as Shopify, WooCommerce, and Magento, select the features they want to enable, and start receiving payments.
As a bitcoin payment processor, OpenNode expands the scope of payments that businesses can receive, so they can increase their bottom lines without the added headache. We handle the complexity on the backend, so businesses can focus on what matters most – their clients and customers.
Learn more about how you can help your business grow with bitcoin here.