The most popular and widely used cryptocurrency in the world.
With Mollie, you can easily and quickly let customers pay through Bitcoin while receiving the corresponding amount in euro’s. It only takes 10 minutes to start receiving payments through Bitcoin and there are no hidden fees involved, you only pay for successful transactions.
What is Bitcoin?
Bitcoin is a cryptocurrency, money which only exists digitally, created specifically to be irretrievable when transferred. Transactions are verified and recorded through a process called ‘mining’, which also creates new bitcoins, without the need for a bank or governing body. Bitcoins are traded on marketplaces for other currencies and can also be used to purchase items, in which case, the bitcoins are transferred from a personal wallet to a receiving Bitcoin address. When you use Mollie to allow customers to pay with bitcoins, we ensure that you’re paid out in the corresponding amount in euro.
Because Bitcoin was developed specifically for irreversible, online transactions, it’s a great payment method for online retailers. Bitcoin is mostly used in online tech stores, but it’s also being implemented and used in food delivery services, clothing stores and tourist accommodations like bed and breakfasts.
How does Bitcoin work?
Mollie made accepting payments through Bitcoin easy. When you use Mollie to receive Bitcoin payments, you don’t need a Bitcoin wallet. Neither is technical knowledge or any affiliation with Bitcoin required, because we take care of exchanging the transferred bitcoins into euros and make sure we pay out the corresponding amount in euros to the merchant.
When a customer chooses to pay with bitcoins we determine the exchange rate at that exact moment. Through our connection with several partners, we can ensure a favourable rate, which we hold for 15 minutes. If customers take longer than that to carry out the payment, a new exchange rate is determined. Once the payment is authorised it is irreversible and guaranteed. Even if the value of a bitcoin should go down, the merchant will always receive the full amount, so there’s no risk involved.
Benefits of accepting Bitcoin through Mollie
Accepting Bitcoin through Mollie allows you to offer all major payment methods through a single integration. Our clever yet simple API makes the integration incredibly robust and built for volume. Our API and Dashboard allow for direct refunds and can export all your data to several different formats for your bookkeeper. Our pricing is very competitive, with no hidden fees at all. And there’s no Bitcoin wallet required to accept bitcoins through Mollie, we take care of all conversions and always pay out the corresponding amount in euros.
Implementing the Bitcoin payment method through Mollie is easy, there’s no lengthy signup process and we have free, open-source packages and plugins available for most coding languages and e-commerce platforms, which allows for easy integration into any project. Our prices are transparent; you only pay a low fee for successful transactions. And your personal dashboard gives you crucial insights into all your transactions and statistics. Mollie is the quickest and easiest way to implement Bitcoin.