Bitcoin Payments for Hotel Bookings

The digital currency Bitcoin is growing in popularity. A few days ago Expedia was the first mayor online travel agency to announce they accept Bitcoin transactions.

What is Bitcoin?
Bitcoin is a decentralized virtual currency introduced as open-source software in 2009. Payments work peer-to-peer without a central repository or single administrator.

According to the Wall Street Journal Bitcoin has grown massively over the past 18 months now being accepted by more than 60,000 retailers world-wide. Still the price continues to be highly volatile.

How can businesses collect Bitcoin payments?
Businesses selling goods or services over the internet can use a Bitcoin merchant solution to accept payments in Bitcoin. These usually opt to have Bitcoins converted to USD or other currencies automatically eliminating the risk of holding a virtual currency.

Why not let your guest pay for their accommodation in Bitcoin?
Beds24 gives innovative hosts the option to collect Bitcoin payments. The Bitcoin payment processor bitpay is the technology platform for processing transactions. With bitpay merchants do not need to hold Bitcoins. bitpay will instantly can convert Bitcoin payments straight back into any mayor currency.

Other ways to collect payments from guests
If you are not ready to for a digital currency – most common payment methods are still credit cards, Paypal or simply cash upon arrival.