What is Bitcoin Cash (BCH) and how does accepting BCH benefit my business?

BCH is useful borderless digital money (fast, cheap, and reliable), and there is no charge back risk for the merchants. It is much cheaper to accept BCH for merchants than accepting credit cards. Just like cash, merchants can get paid immediately.



How do I start accepting BCH? It's very easy. It takes only 1–5 mins to set up an app(s) to get started.

You can use your own device such as a mobile phone or tablet. Learn more here.

What are the fees? It is free to accept BCH.

If you choose to use a payment processor in order to convert BCH to your local currency, fees are still much cheaper (around 1%+) than credit card fees (3-5%+). Merchants with small profit margin such as restaurants should benefit greatly from the low fees.

How do I convert Bitcoin Cash into local currency? There are a few ways to do this depending on where you live. Learn more here.



Since BCH price is volatile, is there a risk? If you convert the BCH to your local currency right away, there should not be any risk from the volatility.

There are also benefits to keep BCH without converting. You may make profit if the price of BCH goes up, you can use your BCH at other merchants, or you can save 20-30% on any shopping on amazon.com using a website called Purse.io etc.

However, I usually recommend new merchants to not take risks and convert BCH to a local currency right away, unless they are fully aware of all the risks and still want to keep BCH as investment. You can always decide to keep it later too.