VoIP Supply has been accepting Bitcoin and helping many customers complete transactions efficiently since 2014.

bitcoin 1Whether you are a current Bitcoin user or a new beginner, it’s important to educate yourself before you start using Bitcoin to avoid common pitfalls. Let’s dive in to learn.


What is Bitcoin?

Bitcoin is a type of digital currency that allows users to transfer funds via the Internet. It is operated independently of a central bank and secured by encryption techniques to verify the transactions.


Why use Bitcoin?

With Bitcoin, you can easily pay or get paid quickly without going through financial institutions. International customers are able to decrease the transaction time from standard 7-10 days to just few seconds with reduced transaction fees.

Domestic customers can also enjoy the ease-of-use and ability to complete large transactions without concerning the limitations from credit card companies. What’s even better is that Bitcoin has far less chance of fraud given that no credit card data is being transmitted or stored anywhere.

As an online retailer, the reduced transaction fees, increased speed of transactions, global reach and use, reduction in fraud capabilities are all appealing reasons for using Bitcoin. – Ben Sayers, CEO of VoIP Supply


How do I take advantage of Bitcoin?

bitcoin 2Since Bitcoin is a new currency system, we recommend you visit bitcoin.org to understand the technology before you start. Getting started is simple. If you have never used Bitcoin before, you would have to choose your wallet according to the device you’d like to use for Bitcoin.

And then you can get some Bitcoin from accepting Bitcoin as a payment for goods/ services or purchasing from other Bitcoin users. Once you have your Bitcoin ready, simply select Bitcoin as your payment method when you check out and you are ready to go!


What has changed at VoIP Supply using Bitcoin?

To better serve Bitcoin users and reduce confusion, we have specific terms and conditions for customers who place an order from VoIP Supply using Bitcoin.

Read the complete VoIP Supply Bitcoin Terms and Conditions.


What if I don’t want to use Bitcoin?

Not a problem! You are still welcome to use other forms of payment. Aside from Bitcoin, we also accept Credit Card, Wire Transfer, Lease, and Paypal Express.

Do you have more questions about Bitcoin? Share your questions/ thoughts about this article below with us!

VoIP Supply now accepts Bitcoin
Bitcoin now accepted as form of payment at VoIP Supply

Beginning on March 1, 2014 customers can begin using Bitcoin as a form of payment for orders with VoIP Supply.

VoIP Supply is the second company in Western New York or, the greater Buffalo and Niagara Falls area for you out-of-towners, and we are joining some other nationally known e-tailers like Overstock.com in recognizing this digital currency.

I asked Ben Sayers, CEO of VoIP Supply, a few questions to help further explain this decision.

4 Quick Questions with VoIP Supply CEO Ben Sayers about Bitcoin

VoIP Insider:  For over 10 years VoIP Supply has been helping people transfer voice over the internet. Did you ever think you’d be helping people transfer a digital currency through the internet as well?

Ben Sayers:  While I can’t make any claim to predicting the rise of digital currency and its use as a global payment system, we did get involved in VoIP when it was in its infancy as it relates to main stream adoption by business and phone system integration companies. Being on the leading edge of technology is part of our culture and inspiring other businesses to get involved by leading the way is just the way we always try to be.

VI:  How can customers benefit from VoIP Supply now accepting Bitcoin as a form of payment?

Ben Sayers, VoIP Supply CEO, talks about Bitcoin
Ben Sayers, VoIP Supply CEO, talks about Bitcoin

Sayers:  One of the notable ways that our international customers will benefit immediately is through the quickness of payment. Compare the 7-10 days it takes today’s banking system to complete an international wire transfer to the seconds, perhaps minutes that it takes to send payment via Bitcoin.

For domestic companies, the ease of use and ability to complete large transactions without limitations placed on individuals and companies by credit card companies is of benefit. Furthermore, there is far less chance of fraud with no credit card data being transmitted or stored anywhere.

VI:  For anyone that doesn’t have a digital wallet yet, any advice for getting started with Bitcoin?

Sayers:  Getting started is simple, there are several online wallet companies making it easier and easier every day. Coinbase.com and Coinkite.com are two that make it quick and painless. First though, I would recommend visiting Bitcoin.org to gain a basic understanding of the technology, how it works, why it exists and some general terminology.

VI:  Why is VoIP Supply joining the Bitcoin movement or, what do you hope to see in the future for this new economy?

Sayers:  The monetary system hasn’t changed in decades and certainly hasn’t kept pace with technology. I’m excited to see a new platform that is usable as both global currency and payment system with easy integration into today’s systems of commerce. I personally don’t believe that the use and scope of this technology has even had its surface scratched and based on the incredible amount of VC money flooding into the concept, I’m certainly not alone.

As an online retailer, the reduced transaction fees, increased speed of transactions, global reach and use, reduction in fraud capabilities and the inability for credit card companies to approve charge-backs based on their personal best interest are all appealing reasons for using Bitcoin.

Need More Info?

Click the following for more information: