Why More People Trust Bitcoin/Litecoin Than Paypal And Credit Card

Sept. 12, 2013 - PRLog -- If you are running a small business you are always wondering how to increase sales and accept a more variety of payment options to make it more convenient for the consumer.

Accepting Bitcoins and Litecoins for online transactions can be a great way to save money on taxes, find customers who use Bitcoin and Litecoin ritually, and get in on the new competitor to government currency. The cryptocurrency is on the rise and can also be a personal investment. The price of a Bitcoin peaked at 230$ this March, and is currently stable around 100$. Furthermore, when accepting bitcoins or litecoin for payment, there is the need to convert them to the currencies used for paying suppliers, employees and shareholders. Some merchants choose to set prices based on the current market rate at the time the price quote is presented to the customer, while others put on a fixed Bitcoin rate that may regularly adjust. To calculate the taxes on a Bitcoin or Litecoin transaction the IRS has never issued a guide mentioning how to value Bitcoin or Litecoin transactions. But they have rules and guidelines on how to value transactions made in foreign currency or "cash equivalents", so imagine the accounting would be similar.

BTCMerch.com (https://www.btcmerch.com/) is a Bitcoin and Litecoin payment system gateway,that accept payments just as credit cards, webmoney or paypal. We recently introduced new features on our system,these includes: Litecoin, BTCMerch API- Where you can insert API to the inner pages of your websites, no key for the API is needed, only what is needed is your Merchant ID, Merchants can use severside languages like PHP and clientside languages like Javascript, https://www.btcmerch.com/help/api

The other new feature on BTCMerch.com is the Bitcoin/Litecoin Sandbox with testnet, in this feature the TestNet is an alternative Bitcoin block chain used for testing. This allows application developers or Bitcoin/Litecoin testers to experiment without having to use real bitcoins or Litecoins. To start using bitcoin and litecoin TestNet you will need to switch your wallet to the testnet mode,https://www.btcmerch.com/help/sandbox (http://www.btcmerch.com/help/sandbox)

BTCMerch.com have a very low transaction fees of 0.5%,with no set up fees,no monthly payments or hidden charges. Our serviceis multilingual and our clients can use our services from every country around the world for their business transaction (including adult industry,gambling etc). The supported currencies are USD, EUR, GBP, RUB, JPY, CAD, CHF, AUD, SEK, DKK, HKD, PLN, CNY, SGD, THB, NZD, NOK and many others.