• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Bitcoin Soars to $21,500 On "Hated Rally," Is There Fuel To Keep Rising?
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Soars to $21,500 On "Hated Rally," Is There Fuel To Keep Rising?
Visa Checkout Will Never Match Bitcoin Shopping Discounts. newsbtc.
Nexo Logo

Visa Checkout Will Never Match Bitcoin Shopping Discounts

newsbtc by newsbtc
7 years ago
in Bitcoin
Reading Time: 4 mins read
Advertisement

It is no secret that Visa and Mastercard will do everything they can to keep a firm grip on the payments industry all over the world. Credit cards are one of the most often used payment methods, even though the medium is not all that secure. Visa’s new project, called Visa Checkout, is getting a lot of attention from established brands who focus on online and mobile commerce.

also read: Ascribe Enables Users to Track their Digital Content on the Web Using the Blockchain

Visa Checkout Offers Interesting Services

When it comes to tackling the payment industry right now, businesses are exploring options in both the mobile and online world. Some countries, such as India, are seeing a major boom in mobile commerce, whereas the Western world sticks e-commerce for the time being. Visa Checkout offers a solution that can cater to both worlds while having a powerful brand processing the payments.

Win an all-expenses-paid VIP trip to the FIFA World Cup and $30,000 in exclusive prizes with Punt Casino - the Road to Qatar awaits!
5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The main goal of any business is to attract more customers, which will, in turn, lead to an increase in sale numbers. Visa Checkout is – allegedly – more effective when it comes to conversion. Customers who start the checkout process through this solution are more inclined to complete the payment compared to alternative options.

Part of this success can be attributed to how Visa Checkout is active in 16 countries around the world, serving over 10 million consumer accounts. With a joint focus on both e-commerce and m-commerce, the feature created by Visa allows for easy and convenient purchases regardless of which device is being used.

In fact, Visa is one of the very first companies realizing how important the digitized aspect of our society has become in recent years. While traditional financial institutions are only now exploring the boundaries of mobile services, Visa Checkout has been available to businesses and consumers for slightly over 18 months now.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Other major brands – such as Starbucks, Match, and even NFL Shop – have inked a deal to take advantages of the features offered by Visa Checkout. Furthermore, Walmart.com has unveiled their plans to support Visa Checkout at a later stage this year. But at the same time, various companies in the Bitcoin sector are targeting these major brands as well and offer customers discounts of up to 20% to boot.

Enjoy Discounts At Starbucks With Bitcoin And Fold

There is no better feeling than enjoying a convenient method at your favorite store or coffee place. Starbucks’ customers have been able to pay with Bitcoin in various countries around the world for quite some time now. The best thing about this solution is how there is no additional hardware or software infrastructure required. Consumers simply have to install the Fold application on their mobile device.

Truth be told, the Fold app works in an ingenious way that makes it easy for everyone to understand. Top up the generated Bitcoin wallet with a certain amount of funds one wants to spend, and once the transaction is confirmed by the network, Fold will grant the user a Starbucks gift card for that specific balance. Or to be more precise, Fold will offer them that gift card value at a 20% discount.

This digital gift card can then be scanned by the cashier at Starbucks, and funds are debited from the account. Any unspent funds remaining behind will be reclaimed by Fold, and the user can then get their leftover Bitcoin balance back. All in all, this creates a very pleasant experience for the consumer and another frictionless transaction for Starbucks.

Offering such a large discount is one of the areas where Bitcoin will always have a leg up over its competitors. Accepting credit card payments can become cheaper, but customers will never see a discount of up to 20% by any means. Bitcoin, on the other hand, costs nothing to accept, as transaction fees are paid by the sender. This allows businesses to offer a discount if they so choose, or let an intermediary like Fold handle that part of the business for them indirectly.

Merchants have no excuse not to accept Bitcoin payments, as there is no cost involved for them to do so. Even though the popular digital currency has not become a mainstream trend just yet, any business should be prepared for the change that is coming to the financial world.  Every additional customer is beneficial to a business, and Bitcoin is the way a lot of us prefer to pay.

Source: Visa PR

Tags: bitcoindiscounte-commerceFoldM-commerceOpinionshoppingStarbucksvisaVisa Checkout
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin BTC

This Is How The Bitcoin Price Will Be Affected By Macro: Charles Edwards

4 days ago
Bitcoin Bull

CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover

4 days ago
Bitcoin BTC BTCUSDT

Banking Giant Goldman Sachs Ranks Bitcoin As World Best Performing Asset

5 days ago
Bitcoin

Bitcoin Short-Term Holder Profit-Taking Spikes, Will BTC Price Recover?

5 days ago
Bitcoin price

Here’s Why The Bitcoin Price Rally Stalled For Now

5 days ago
Bitcoin

Bitcoin Surges To $23,000 As Miners Sales Sees Multi-Year Low

6 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

“Gold has been the best performing investment asset over the last two decades”: an interview with Easygold

January 30, 2023

The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC) and Orbeon Protocol (ORBN)

January 30, 2023

Polygon (MATIC) and Fantom (FTM) Are Losing Favor With Investors As They Turn To Snowfall Protocol (SNW) For 1000x Potential Gains!

January 30, 2023

Tezos (XTZ) shares its 12th protocol upgrade, Twitch Co-Founder’s Gaming NFT Marketplace Expands to Polygon (MATIC) Network while Snowfall Protocol (SNW) Breaks Record Highs

January 30, 2023

Snowfall Protocol Investors Happy After the Release of Snowfall DEX, Twitch Co-Founder’s Solana Gaming Platform Fractal Expands to Polygon, And Majority of Dogecoin Holders Are in Profits Despite the Meme Coin Being Down 87% From Its 2021 ATH

January 30, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.