Survey Results: 25% of Bitcoin Merchants Enjoy 10% Sales Boost
This is Part Two of a three-part series aimed at learning more about the merchants who accept bitcoin and support the wider digital currency ecosystem. The results are based on a survey issued 17th March that received more than 200 responses. Part One of this series sought to better define the merchants who are taking part in the bitcoin ecosystem. In the first installment of our merchant survey, we uncovered that the majority - 59% - of merchants are accepting bitcoin to better support the bitcoin ecosystem. However, the bigger takeaway from this statistic is that the main driver of....
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This is the final instalment of a three-part series aimed at learning more about the merchants who accept bitcoin and support the wider digital currency ecosystem. The results are based on a survey issued on 17th March that received more than 200 responses. Part One of this series sought to better define the merchants who are taking part in the bitcoin ecosystem, while Part Two examined the sales successes these businesses have been able to achieve to date. So far, our merchant survey has defined the types of businesses operating in the bitcoin space and examined the effect that bitcoin....
The Bitcoin St Petersburg Bowl may have given bitcoin a visibility boost on primetime TV, but according to local merchants who participated in its promotion, this attention didn't always translate into an increase in local sales or customer interest. As part of our Bitcoin Bowl coverage, CoinDesk surveyed more than 20 St Petersburg merchants about their experience supporting the event, though more were approached for comment. BitPay had said that more than 100 businesses in total signed up to accept bitcoin for the big game. The poll sought information about the total sales recorded by....
This is Part One of a three-part series aimed at learning more about the merchants who accept bitcoin and support the wider digital currency ecosystem. The results are based on a survey issued on 17th March that received more than 200 responses. From Californian wineries to bars in Beijing, 2013 was widely considered a banner year for bitcoin, as business owners around the world began to take advantage of the technology to cut costs and woo new and influential consumers. Unsurprisingly, expectations were high for 2014, and so far, it's delivered with major brands such as Lord & Taylor,....
Australian exchange Igot is aiming to rival bitcoin payment giants Coinbase and BitPay with the launch of its own international merchant solution. Igot's platform will enable e-commerce and brick-and-mortar merchants to integrate bitcoin payments in almost 40 countries and transact in 10 different fiat currencies. Rick Day, Igot's founder, said: "Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community." Igot....
The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options that charge between 1.5% and 3.5% While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers. Data platform PYMNTS collaborated with Bitpay to survey merchants, in an attempt to understand the trends on what the participants expect from digital currencies and their effect on payments and businesses. In the report titled "Paying With Cryptocurrency," the researchers found....