Monthly Archives: December 2016

Bitcoin payments now available.

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bitcoin-e1466596991401We’re pleased to announce that starting today, all of our merchants can start accepting Bitcoin payments in their online store.

Our new Bitcoin integration is available through BitPay and CoinBase, and can be used alongside other payment services, like Afterpay and PayPal. 

We’ve had a lot of demand from our merchants to incorporate support for Bitcoin and we’re happy that we can make this integration available during this year’s holiday shopping season. 
 

Why accept Bitcoin payments with Spiffy Stores?

The main features are:

  • Ease of accepting international payments. Small online retailers and independent consultants often don’t sell their wares and services internationally because of expensive cross-border transaction fees. Bitcoin relieves the steep cost of going global, making cross-border payments easier, faster and cheaper.
     
  • Lower transaction fees. Per transaction fees for accepting Bitcoin are generally significantly lower than those charged for credit and debit card purchases. This is the biggest reason smaller merchants are latching onto Bitcoin payments.
     
  • Fraud prevention. Because people can pay businesses in Bitcoin without divulging personally identifiable information (names, billing addresses, etc.), they enjoy a level of identity-theft protection that credit cards simply can’t offer.
     
  • The ability to get paid quickly. Having cash on hand is often critical to survival for small businesses. Accepting Bitcoin payments can put cash within your reach faster than it does when you accept credit card payments.
     
  • No chargebacks. Bitcoin purchases are final, so there are no chargebacks and no returns, like those rife in credit card dealings, yet another way transacting in the virtual currency saves merchants money.
     

Wait… So what is Bitcoin?

Many people can find the concept of Bitcoin somewhat confusing. Quite simply, Bitcoin is an online financial network that people use to send payments from one person to another and it’s also a digital currency (also called Bitcoin!).

The bitcoin network functions without a central authority. The managing of transactions and the issuing of Bitcoins is carried out collectively by the network.

Here is an excellent article about all things Bitcoin, and here’s a video that sums up what bitcoin is very nicely…

Still have questions? Learn more about Bitcoin.

Ready to get started? Accept Bitcoin with Spiffy Stores now.
 
 
 
 

Do you have these important pages on your ecommerce website?

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In addition to the nuts and bolts of your online store, like your product collections, there is other crucial content you must include.

Your customers need to understand how you conduct business and how it may affect them. Information such as your terms and conditions, shipping and returns information, and your privacy policy should be clearly laid out in policy documents and made available on your website.

Shipping and returns

Lack of shipping and returns information is a major source of frustration for online shoppers and can be the difference between a sale and an abandoned cart. Make sure your store visitors can find your shipping and returns policies quickly and easily so they don’t have to go through the checkout process to discover you can’t deliver to their area.

Privacy statement

As you’ll be collecting personal information such as name, address and payment details on your online store, you must publish a statement on your website detailing how that information is used. More information on national Privacy Principles can be found here for Australia and here for New Zealand.

Terms and conditions

You are required to display the terms and conditions under which you operate on your website. Terms and conditions should include elements such as your payment terms, refund and exchange policies, disclaimers and copyright claims.

All the above information should be available to your customers at all stages of the purchase process. Create separate pages for your policies and make each one accessible from every page of your website – by linking to them in the footer, for example.

Crate your own policy pages using our sample templates here.

Protect your customers and your business. Ensure you have the correct and legally compliant information you need on your ecommerce store.

NB: This article is for information only, it is not legal advice. Talk to a lawyer about the legal requirements and responsibilities of doing business.