Have you ever used Bitcoin to purchase stuff online? More specifically, do you ever use Bitcoin to buy vape juices?
If you’re looking for a different option to pay for items, Bitcoin is a good alternative to PayPal, bank transfers or credit card payments. Bitcoin is a “type of digital currency” that is based on mathematical proofs (instead of on gold or silver).
#1: It’s decentralised
What this means is that there is no one central authority controlling it. This is good because there’s no way for a central authority to alter policies (and create “new money”) or take your bitcoins away from you.
#2: It’s inflation proof
The value of Bitcoin may still be pretty volatile but it’s not susceptible to arbitrary inflation. Due to the nature of the Bitcoin software, the supply of bitcoins is limited. The maximum number of bitcoins will be 21 million.
While there isn’t an abundance of merchants using Bitcoin, there are definitely online vape shops who do offer the option to pay with Bitcoin. On top of PayPal, Vape Club International has also implemented payment with Bitcoin on its store.
Here are some reasons why we would use Bitcoin for payments.
#1: It’s fast and easy!
All you need to do to start paying with Bitcoin is set up a wallet. There are a bunch of wallets to choose from and they are usually free to set up and use.
If you’re the type that prefers to do bank transfers instead of credit card payments, with Bitcoin, you won’t have to worry about bank holidays or your money not getting through. You can even choose your own transaction fees.
#2: It can be more secure
With most other payment methods, you have to key in your credit card information or bank account details. If a merchant doesn’t implement good security measures, it’s possible for your information to be stolen.
But with Bitcoin, you have a public key and a private key. The public key is your bitcoin address and anyone can see this. However, for transactions to happen, you have to combine both the public and private keys.
As long as you keep your private keys secret, your information is secure.
#3: You can save money
If you’re shopping at an online store that’s not based in your country, you also won’t have to pay a currency commission, which most companies charge for foreign exchanges. You may even be able to get a better exchange rate.
On top of that, some stores offer discounts when you pay with bitcoin. You can also use apps like Purse.io to get discounts on online stores like Amazon.
Here at Vape Club International, we’ve just implemented our Bitcoin payment option. Our main reason is so that customers have more options to make payment.
At the end of the day, it’s about having a choice as to what payment method you would want to use. Different users may prefer different methods and ultimately, we want to offer a better service to our customers.
We shop online very often and when one payment method doesn’t work, it can be frustrating if there are no other options available. We would like for our service to be as user-friendly as possible.
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