YHA submits plans for London’s first ‘Super Hostel’

YHA submits plans for London’s first ‘Super Hostel’

Tuesday, 25 October 2016 08:00

A planning...

£2.3million immigration hall upgrade plans at Bristol Airport

£2.3million immigration hall upgrade pla…

Monday, 24 October 2016 14:00

Following a major overhaul of the security search area for departing passengers, Bristol Airport has unveiled plans to address congestion in arrivals.

Intrepid targets socially conscious Gen Z with new Geckos age-range

Intrepid targets socially conscious Gen …

Monday, 24 October 2016 11:00

30 year olds will be ‘too old’ for Geckos Adventures next year, as the Intrepid Group has announced that it will cut the age range to meet a growing demand...

New survey reveals just one in 12 Brits manage to wangle an upgrade

New survey reveals just one in 12 Brits …

Monday, 24 October 2016 08:40

New research from Jetcost.co.uk has revealed that only 8% of British travellers have actually managed to secure a free upgrade for their holiday, with flight upgrades and hotel room upgrades...

Just You launches travel trade solo experience

Just You launches travel trade solo expe…

Friday, 21 October 2016 14:00

Just You has announced its largest investment to support the travel trade with the launch of 200 joint marketing events to promote solo travel.

Spontaneous people are happier according to Snaptrip survey

Spontaneous people are happier according…

Friday, 21 October 2016 11:00

Spontaneous people are often believed to lead more exciting or glamorous lifestyles and a new study has confirmed that they are happier in all aspects of their lives.

Top Brighton attractions on Combi-Saver tickets for half term

Top Brighton attractions on Combi-Saver …

Friday, 21 October 2016 09:00

Visitors to Brighton this October half term can save up to 20% on its top three paid-for attractions with combination tickets now available for British Airways i360, SEA LIFE Brighton...

Free cabin upgrades with Cosmos Tours

Free cabin upgrades with Cosmos Tours

Thursday, 20 October 2016 14:00

There still’s time for agents to book a Croisieurope river cruise for their customers with a free cabin upgrade on a range of river cruises throughout Europe, when booked with...

Last minute autumn breaks available at Haven

Last minute autumn breaks available at H…

Thursday, 20 October 2016 11:00

Agents can still give their customers a last minute family break this autumn from £99 when booking a Haven holiday between now and November 5.

Skiers urged to head east for best piste costs reveals new report

Skiers urged to head east for best piste…

Thursday, 20 October 2016 08:00

Cash-conscious skiers can avoid the slippery slope of higher prices for their annual downhill trip by heading to ski resorts in Eastern Europe.

Design an anniversary poster for DFDS competition

Design an anniversary poster for DFDS co…

Wednesday, 19 October 2016 14:00

Ferry operator, DFDS, is putting out a call to professional and amateur artists to create a poster that will be used in their 150th anniversary celebrations this year.

Savings on worldwide adventures with Explore

Savings on worldwide adventures with Exp…

Wednesday, 19 October 2016 11:00

Explore has launched a new collection of worldwide adventures with a launch offer of up to 10% discount on all new trips booked by November 7.

New route to Seattle makes it one to watch for 2017

New route to Seattle makes it one to wat…

Wednesday, 19 October 2016 09:12

Seattle is expected to be one of the fastest growing US destinations for UK travellers next year with a Virgin Atlantic direct non-stop daily flight launching March 2017, new hotel...

Air Transat launches 2017 programme with increased connections across Canada

Air Transat launches 2017 programme with…

Tuesday, 18 October 2016 14:04

Air Transat has expanded its programme of flights from the UK to Canada with increased capacity and connections for travel in 2017.

Oceania Cruises reduces single supplement fares

Oceania Cruises reduces single supplemen…

Tuesday, 18 October 2016 14:02

Oceania Cruises has launched a reduced single supplement promotion for solo travellers, with guests offered single supplements fares from 25% on seven itineraries, booked before December 31.

Mall of America welcomes arrival of MythBusters

Mall of America welcomes arrival of Myth…

Tuesday, 18 October 2016 14:00

Running throughout autumn until January 15, 2017, visitors can ignite their curiosity and discover whether they can really huff and puff to blow a house down; if running in the...

Akif Khan 2 Bitnet.jpg

Adding bitcoin as a payment option to your website or mobile app could be a smart move in 2015 – taking a payment in bitcoin is typically cheaper than accepting a card payment, there is no chargeback risk, and you’ll be making it easy for anyone in the world to pay you as easily as a customer in the UK can. Furthermore, all the cool kids use bitcoin, so you’ll be making your brand look innovative and differentiating yourself from your competition.


Here are the key things to consider before you take the bitcoin plunge in 2015:

Partner with a bitcoin payment processor
Whilst you could manage the whole process yourself, it’s an overhead you don’t really need. Think about processing card payments – do you manage that entirely in-house, or do you use the services of a payment gateway? Almost certainly the latter. Same applies with bitcoin. A good bitcoin payment processor will manage the complexity of connecting to bitcoin currency exchanges and will work out for you how much to charge the consumer in bitcoin when they get to the checkout on your website.

You don’t need to hold any bitcoin
You’ve probably heard that the bitcoin price can sometimes be volatile. That makes travel agents nervous – no one wants to be paid in a currency that might be worth less tomorrow than it is today. By instructing your bitcoin payment processor to take the payment from the consumer in bitcoin but then convert the funds into traditional fiat currency (think pounds or euros) before settling with you, that risk is mitigated. That will make your finances teams happier, which will make your life easier.

Fight the internal misconceptions
Many of your colleagues will no doubt have heard of bitcoin but won’t have a clear understanding of how it works and how it can benefit your business. Some will undoubtedly point out that they’ve read articles about bitcoin being used by criminals. After you’ve pointed out that criminals also use cash and also abuse credit cards, both of which are payment types you probably accept today, you should ensure that your internal teams are educated. Find a bitcoin payment processing partner who is happy to educate as well as just provide a service – getting everyone on board internally is key to the success of any project, after a

It’s not magic, it’s just a payment type
Once you cut through all the hyperbole, adding bitcoin to your website is simply adding another payment type. Ensure you’re working with a bitcoin payment processor who understands this – lots of people are enthusiastic about bitcoin, but not everyone is knowledgeable about payments. You need more than just a bitcoin button on your payment page – you need to ensure the bitcoin payment process works in the context of your customer experience, that it fits in with your fulfilment paradigm, that you have clear and accurate settlement reporting, and that you get insight into customer behaviour when people choose to pay with bitcoin. Ask about all this and more when selecting your partner.

If you’re going to go to the effort of adding bitcoin as a new payment type to your website or mobile app, then make sure you get noticed for it. Work with your marketing teams so that they’re aware of what you’re doing, and ensure they understand bitcoin (see previous tip on internal education). Some retailers have shown that around 60% of consumers paying with bitcoin are first-time visitors, so you want to make sure you attract those people who have bitcoin and are looking for places to spend it. And if you act quick enough, that place to spend it will be with you, and not with your competitors.

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