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Bitcoin currency is growing quickly, and pay per head agents already be accepting this payment method.
That’s why it’s important for per head agents to educate themselves on the 5 most important questions about bitcoin.
5 Questions About Bitcoin
PayPerHead.com now accepts bitcoin deposits, and they’ve waived the deposit fees. That means free bitcoin deposits into your PayPerHead account. Now that you’re up-to-speed, find the 5 questions you should know the answer to
1. What’s bitcoin?
Bitcoin is an online financial network. It’s sort of like Visa and PayPal, Square, Mastercard, and American Express.
Unlike those financial networks, Bitcoin is peer-to-peer. What this means is that bitcoin is the world’s first ever open financial network.
The bitcoin network is decentralized. All transactions occur on a peer to peer basis.
2. Where do bitcoins come from?
Pay per head agents can mine bitcoins themselves. This is a risky proposition unless the agent doing the mining has extensive computer knowledge.
Every mined bitcoin has its own encryption key. Hackers can steal those bitcoins by stealing the encryption keys.
The best way to acquire bitcoins is to buy them with other currency, usually American dollars, through a company like Coinbase.
3. Is Bitcoin safe?
Yes and no. It depends. Storing your Bitcoins with a company like Coinbase has far proven to be the safest way to keep your bitcoins.
No agent, unless he or she is a computer wizard, should store bitcoins on a personal hard drive.
4. What does peer to peer really mean?
Peer to peer cuts out the middleman. Agents should think about it in terms of credit card usage. Let’s say that an agent banks with Wells Fargo.
That agent has a Wells Fargo debit card with a Visa logo on it. That agent can use his or her Wells Fargo debit anywhere the Visa logo appears.
The agent decides to buy groceries with her Wells Fargo debit card. Visa charges a fee to the grocery store for accepting Visa credit cards.
In almost every case, the seller adds this fee, in some way, to the cost of goods sold.
Peer to peer is simply taking away the middle man. When players deposit into their betting accounts, there’s no Visa or Mastercard to question the deposit.
5. What’s the real advantage for online bookie agents to accept bitcoins?
The real advantage for per head agents to work with bitcoin is because depositing with bitcoin is peer to peer.
What this means is that there are no fees associated with depositing money into per head agent accounts with bitcoin. Since there’s no middle man, there’s no middle man to pay.
Online bookies who aren’t accepting Bitcoin need to do their research. Find out the benefits and realize Bitcoin currency potential.
PayPerHead.com already accepts deposits with no fees to the pay per head agents. They’re so sure that Bitcoin is the perfect payment for online bookies that they’re also giving their agents a 5% rebate on deposits up to $250.
The 5% rebate is only on for a limited time only! So, sign-up today and collect the savings with a premium sportsbook solution.
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