11 good reasons for Bitcoin-Lightning payment
No payment system is simpler, easier to implement and more limitless for users than Coinsnap Bitcoin – Lightning Payment. See here 11 good reasons for Bitcoin – Lighting payment from the perspective of an online store operator:
1. Expansion of the customer base
By accepting Bitcoin, merchants can appeal to customers who prefer or exclusively use cryptocurrencies. This expands the potential customer base and can lead to additional sales.
2. Lower transaction costs
Bitcoin transactions with Coinsnap are very favorable compared to traditional payment methods, especially credit cards, as Coinsnap only charges one percent (1%) of the invoice amount for payment processing. This can be particularly advantageous for international transactions, as there are no currency exchange fees.
3. Faster transactions
Bitcoin – Lightning transactions are processed by Coinsnap almost in real time. This is advantageous for merchants and customers who prefer fast payment processing.
4. No chargebacks
Bitcoin transactions are irreversible. This protects merchants from chargebacks and fraud, which can occur more frequently with credit card payments.
5. Decentralized currency
Bitcoin – Lightning is a decentralized payment method that is not controlled by any government or institution. The Coinsnap payment method is available to merchants anywhere in the world, regardless of their business model. Whether in Andorra or Zambia – with Coinsnap, merchants sell their offers to anyone who wants to buy them with Bitcoin (without cumbersome preliminary checks by a payment provider or limits for the customer).
6. Internationalization
Bitcoin – Lightning allows merchants to easily sell internationally without having to worry about currency exchange or different payment methods in different countries.
7. Marketing benefits
Offering Bitcoin – Lightning payment can be perceived as innovative and modern and can therefore be used as a marketing tool to attract technology-savvy customers.
8. Protection against inflation
Bitcoin is often seen as a hedge against inflation. Traders who hold Bitcoin could also benefit from a long-term increase in the value of the cryptocurrency.
9. Data protection and security
Bitcoin – Lightning payments do not require customers’ personal information, which increases privacy and reduces the risk of identity theft. In particular, customers who are afraid of this feel more secure and more inclined to make a purchase.
10. Diversification of payment methods
By integrating Bitcoin – Lightning as a payment method, merchants diversify their payment options, which can increase resilience to outages or issues with traditional payment providers.
11. No hurdles for end users
In contrast to providers such as bitpay, coinbase, crypto.com etc., Coinsnap is “barrier-free”: Payers can pay with all Bitcoin and Lightning wallets, including those from bitpay, coinbase and crypto.com. Only the merchants need a Lightning Wallet for the credit.
Coinsnap: Bitcoin – Lightning payment for many applications
Coinsnap payment modules are available for the most important, most frequently used store systems and WordPress applications. And more are being added all the time.
See all available Bitcoin payment modules at a glance: Coinsnap modules
Accept Bitcoin (on-chain and Lightning) in your online store in minutes
Coinsnap enables merchants to accept Bitcoin (on-chain and Lightning) in their online stores in minutes. With just an email address and a Lightning wallet, you can set up your account and start receiving payments directly in your wallet or in euros via a settlement partner.
1. Set up your personal Coinsnap account
Click Sign In in the top menu, enter your email, confirm it, and add your Lightning wallet. You’re then ready to receive Bitcoin payments directly in your wallet.
How to open a Coinsnap Account (step-by-step)
2. Install a module right from the WordPress repository
All Coinsnap plugins for WordPress are listed in the WordPress plugin repository and can be installed with just a click. If you use another system, you can download the Bitcoin payment module from the platform’s extension store or from the Coinsnap GitHub page.
How to install a Coinsnap WordPress plugin (step-by-step)
3. Connect your Coinsnap module with your Coinsnap account
Paste your Store ID [1] and API Key [2] from your Coinsnap dashboard into the module on your website or store, and all payments will be credited directly to your wallet.
