The decentralization and anonymity behind bitcoin make it an appealing payment method for your business. Bitcoin transactions are easy to process, inexpensive, and secure. Although there may be some risks involved in accepting bitcoin as payment for goods or services, these risks are outweighed by the benefits of accepting this new form of currency. In this article, we’ll discuss the pros of accepting bitcoin as a payment method.

1. Bitcoin's Lightning Network is New and Exciting

The idea of sending money to anyone, anywhere in the world, instantly, with no middlemen, and at an extremely low cost is a very appealing one. It's also something that many people have never heard of before, and those who have may not fully understand what Bitcoin actually is or how it works.

This combination of novelty and mystery makes accepting Bitcoin payments an interesting proposition for businesses: it gives you the opportunity to educate customers on this new technology while giving them access to something they might not otherwise have had access to (like paying for their coffee with cryptocurrency).

Our apps (TurinWallet and TurinPay) are powered by the Lightning Network because we at TurinLabs are strong supporters of it. In our in-depth analysis, "Uncovering the Benefits of the Lightning Network as a Payment Solution," we go into more detail about why The Lightning Network is superior to other payment methods. 

2. Low to No Fees

Bitcoin transactions are cheap compared with other methods like credit cards and PayPal, which usually charge 2% or more per transaction. It's also possible that there will be no fees at all if you're using TurinPay or similar Lightning Network apps, which provide tools for merchants to accept bitcoins without charging any commission on their end.

For merchants, accepting Bitcoin can be cheaper than accepting credit cards or bank transfers. Bitcoin transactions are also almost free to make—there's no need for a middleman like PayPal or Stripe. In fact, you may even make a profit on your bitcoin sales!

Even better, by using Lightning Network-based applications like TurinPay, you gain access to the fastest payment network, 1,000 times faster than Visa and Mastercard.

3. Cheaper Than Credit Cards

Bitcoin fees are much lower than credit card fees. Credit card processing fees are fixed (and high), while bitcoin's transaction fees fluctuate based on the market. This means that you don't know how much your customer will end up paying until after they've made their purchase, but it also means that you won't be hit with unnecessary charges later on.

Bitcoin transaction fees are paid by merchants and not customers; this is unlike credit cards where both parties pay for each transaction in proportion to their respective shares of ownership of funds transferred by those transactions (in other words: if someone buys something from me with a credit card, I have to pay them back $1 plus 2% of their total purchase price).

4. Potential for Increases in Value Over Time

Bitcoin is a deflationary currency, meaning that its value increases over time. This means that it can be an excellent store of value and hedge against inflation, but it also means that you may have to wait for your money to grow.

The price of Bitcoin has been steadily increasing since its launch in 2009 and shows no signs of slowing down anytime soon! If you're worried about keeping up with inflation rates, then accepting Bitcoin might just be your solution! It's also worth mentioning that many investors believe that cryptocurrencies like Bitcoin could eventually replace fiat currencies like dollars or euros someday... so this could be an opportunity for both businesses AND consumers!

5. Community Support from Bitcoin Communities

The Bitcoin community is a very supportive group, and they're happy to help businesses that accept the currency. There are many resources available for new merchants who want to start accepting bitcoin payments, from guides on how to set up a wallet, to tutorials on how to create an invoice.

You can also get feedback from other merchants in your area who have already started accepting bitcoin payments. They'll be able to give you advice about what worked well for them and what didn't work so well; this will help you avoid making mistakes as you get started with accepting bitcoins as payment at your place of business. This is why, at TurinLabs, we are building a Discord community centered on Bitcoin and cryptocurrency in order to educate and assist anyone in need. 

Lastly, the Bitcoin community has a lot of influence over the price of bitcoin itself! As more people buy bitcoins through their local businesses, demand will rise, and prices will increase accordingly—a win-win situation for everyone involved!

6. Worldwide Acceptance of Bitcoin as a Payment Method

Bitcoin is a global currency. This means that it's accepted by many merchants worldwide, regardless of where they're located or what language they speak. The same goes for tech companies and financial services providers: if you have a business that deals with any of these industries, there's a good chance you can accept Bitcoin payments from customers who live far away from your physical location.

This also makes Bitcoin an ideal choice for travel companies because it allows them to offer their services worldwide without having to worry about changing currencies or exchange rates--and all without paying high fees like those charged by banks when transferring money overseas (if they don't charge anything at all).

So, why not experiment with web apps like TurinPay.me? This already allows businesses and freelancers to accept Bitcoin payments from anywhere in the world by simply creating a customized payments website. 

7. No Fraudulent Chargebacks

Since there is no central authority in the Bitcoin network (like a bank), there's nothing for customers to dispute when making payments with bitcoin. This means you won't have any customer disputes over fraudulent charges or disputed credit card payments!

When you accept credit cards for payment, it's possible for a customer to dispute the charge and get their money back--even if they never received anything from you! This can be an expensive problem for businesses worldwide: According to the Federal Reserve Bank of San Francisco, U.S.-based merchants lost $31 billion from fraudulent chargebacks in 2016 alone. Imagine today.

The issue isn't limited to just businesses; consumers who don't recognize their own purchases on their credit card statements can also file fraudulent claims against retailers who accept them as payment options.

Conclusion

In conclusion, there are many reasons why you should accept bitcoin as a payment method. It's new and exciting, it has low to no fees associated with it compared with credit cards, it's cheaper than any other bank-based payment methods available today; and there is potential for increases in value over time. If you have not already started accepting bitcoin payments, now is the time!

The best part is that TurinLabs has the best all-in-one solution for your business needs: TurinPay. By integrating our API, you will be able to accept Bitcoin payments via the Lightning Network. Better yet, if you already have a WooCommerce store, we have a pre-built plug-in that you can use seamlessly.

I Hope that you find this content useful. Stay tuned for more