Bitcoin, and Cryptocurrency in general, has been labeled by banks as one of the highest risk industries today. This is due to the ever increasing regulations surrounding bitcoin and bitcoin exchanges. Along with the governmental regulation risks, chargeback rates are the next banking concern due to the potential of buyers remorse. But for us, we believe otherwise. We understand the cryptocurrency industry and we know how to properly set up cryptocurrency merchant accounts. Our main focus is protecting our clients and the only way to do that is by setting them up properly from the very beginning.
Successful bitcoin and cryptocurrency businesses must obtain a solid payment processing account in order to be fully operational. Beyond getting approved for a bitcoin merchant account, the business must properly manage their account in order to mitigate chargebacks, thus helping themselves in the process of keeping their credit card processing alive.