{"id":2524,"date":"2021-02-10T12:18:00","date_gmt":"2021-02-10T20:18:00","guid":{"rendered":"https:\/\/www.opennode.com\/blog\/?p=2524"},"modified":"2021-02-22T11:39:21","modified_gmt":"2021-02-22T19:39:21","slug":"opennode-business-with-bitcoin","status":"publish","type":"post","link":"https:\/\/blog.opennode.com\/blog\/opennode-business-with-bitcoin\/","title":{"rendered":"How to grow your business with Bitcoin using OpenNode"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>The Total Addressable Market (TAM) for the global payments industry is expected to <a href=\"https:\/\/www.bloomberg.com\/press-releases\/2019-11-07\/global-payments-market-size-is-expected-to-reach-2-trillion-us-by-the-end-of-2025-with-a-cagr-of-7-83-valuates-reports\">surpass $2 trillion<\/a> USD by 2025. But today the market remains fragmented, and upgrading payment processors to take advantage of the increasing market size can be a costly task in itself. Fortunately, OpenNode\u2019s bitcoin lightning infrastructure offers a faster and more economical payments solution for businesses to grow their bottom lines worldwide.&nbsp;<\/p>\n\n\n\n<p>While online payment services may look similar on the front-end, the underlying infrastructure supporting these payments is largely old, inefficient, and expensive. As a result, businesses and consumers alike inherit the operational costs of antiquated technology.<\/p>\n\n\n\n<p>With OpenNode, businesses don\u2019t have to worry about:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>High payment processing fees range from 5 &#8211; 15% for \u201chigh risk\u201d businesses<\/li><li>Chargebacks that can offset businesses\u2019 balance sheets<\/li><li>Settlement times of 3+ days, which can delay paying operational expenses<\/li><\/ul>\n\n\n\n<p>Instead, OpenNode makes accepting Bitcoin payments simple so businesses can opt-out of paying high fees and opt-in to settling transactions instantly. By integrating OpenNode, online businesses in industries labeled high risk such as gaming, transportation, and retail no longer need to pay a premium. They receive equal treatment to low-cost transaction fees that mom and pop shops coffee shops get. Period.<\/p>\n\n\n\n<p>Some of the additional benefits businesses using OpenNode for e-commerce today include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Payment templates to easily create \u201cPay with Bitcoin\u201d buttons for your business.<\/li><li>Instant settlement with automatic conversion into all major currencies.<\/li><li>No chargebacks! All payments are final.<\/li><\/ul>\n\n\n\n<p>To get started, businesses can simply integrate their service with leading e-commerce platforms, such as <a href=\"https:\/\/www.opennode.com\/blog\/how-to-accept-bitcoin-shopify-extension\/\">Shopify<\/a>, <a href=\"https:\/\/www.opennode.com\/blog\/how-to-accept-bitcoin-woocommerce-extension\/\">WooCommerce<\/a>, and <a href=\"https:\/\/www.opennode.com\/blog\/magento-bitcoin-plugin\/\">Magento<\/a>, select the features they want to enable, and start receiving payments.<\/p>\n\n\n\n<p>As a bitcoin payment processor, OpenNode expands the scope of payments that businesses can receive, so they can increase their bottom lines without the added headache. We handle the complexity on the backend, so businesses can focus on what matters most &#8211; their clients and customers.&nbsp;<br>Learn more about how you can help your business grow with bitcoin <a href=\"https:\/\/www.opennode.com\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>The Total Addressable Market (TAM) for the global payments industry is expected to surpass $2 trillion USD by 2025. But today the market remains fragmented, and upgrading payment processors to take advantage of the increasing market size can be a costly task in itself. Fortunately, OpenNode\u2019s bitcoin lightning infrastructure offers a faster and more economical  &#8230;<\/p>\n","protected":false},"author":3,"featured_media":2651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-2524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to grow your business with Bitcoin using OpenNode - OpenNode Blog<\/title>\n<meta name=\"description\" content=\"OpenNode offers the perfect suite of payment tools for you to grow your business with Bitcoin. 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