Tuesday, August 27, 2013

Why Shop With Bitcoin? Why should you shop online with Bitcoin.


Why Shop With Bitcoin?

Why should you shop online with Bitcoin instead of just using your bank card or online payment account?  The main reasons include:

1. Security

Millions of consumers are subjected to identity theft every year because their payment information falls into the hands of thieves.  With Bitcoin this is not possible because each payment is a one-time transaction and Bitcoin doesn't require any of your personal information for transactions to be approved.

2. Privacy

When you pay with traditional payment methods, there is a long chain of businesses that see your transaction and in some cases record it.  There is no central authority that sees this kind of information when paying with Bitcoin.

3. Speed

Most ecommerce checkout processes involve multiple steps that involve entering all of your billing information, your payment information, and shipping information.  Since billing and payment information is completely unnecessary when paying with Bitcoin the checkout process can be streamlined.

4. Lower Prices

Fraud is a huge problem in the ecommerce world that increases prices for everyone.  Since fraud is almost completely removed from the equation when paying with Bitcoin, the cost savings can be passed onto consumers.

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