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Streamline Your Payments with Blockonomics Bitcoin Payments

Introduction: Expanding Payment Options

As a web hosting company, we're always looking to add new payment methods to our website in order to allow us to capture a bigger portion of the market. Some people use PayPal, some don't. Some like to pay by credit card, while some are scared to put their card details anywhere online.

As part of our quest to offer accessible means of payment to everyone, we decided to offer Bitcoin as a payment option for our offshore hosting, and one way to do it is by using Blockonomics Bitcoin Payments – in our case, as a payment module for our billing system – WHMCS.

Why Accept Bitcoin Payments?

Accepting Bitcoin and other cryptocurrencies offers several advantages for web hosting companies:

  • Global accessibility: Bitcoin can be used by customers worldwide without currency conversion issues
  • Privacy-conscious customers: Appeals to users who prefer not to share credit card information
  • Lower transaction fees: Often cheaper than traditional payment processors
  • Faster settlements: Bitcoin transactions can be confirmed quickly
  • No chargebacks: Bitcoin transactions are irreversible, reducing fraud risk
  • Market expansion: Reach customers who exclusively use cryptocurrency

Why We Chose Blockonomics

Before adopting Blockonomics, we experimented with other options like Bitpay. However, we were dissatisfied with their practice of aggregating incoming payments and delaying payouts. We sought a solution that would grant us immediate access to Bitcoin transactions, and that's precisely what Blockonomics Bitcoin Payments provides.

Key Advantages of Blockonomics

  • Direct wallet access: All received payments are sent directly to your BTC wallet
  • No payment aggregation: Unlike some competitors, Blockonomics doesn't hold your funds
  • Immediate access: You have instant control over your Bitcoin payments
  • Low fees: Competitive pricing at just 1% per transaction
  • Easy integration: Simple setup process, even for non-technical users

How Blockonomics Works

The process is simple and straightforward:

  1. Integrate the Blockonomics solution into your website
  2. Customers make payments using Bitcoin or Bitcoin Cash
  3. All received payments are sent directly to your BTC wallet

There's no middleman holding your funds – everything goes directly to your wallet, giving you full control over your Bitcoin payments.

Platform Compatibility

Currently, Blockonomics offers plugins for popular platforms such as:

  • WHMCS – Billing and automation platform for web hosting
  • WordPress – Popular content management system
  • Prestashop – E-commerce platform
  • Easy Digital Downloads – WordPress plugin for selling digital products
  • Magento – Enterprise e-commerce platform
  • OpenCart – Open-source e-commerce platform
  • Joomla – Content management system
  • Telegram Shop Bot – For Telegram-based stores

API Integration

Additionally, they provide a flexible API for platforms without pre-made plugins. This means you can integrate Blockonomics into virtually any website or application.

Additional Features

Blockonomics also offers:

  • Direct payment links: Generate payment links to share with friends or customers
  • Donation buttons: Add Bitcoin donation buttons to your website
  • Customizable integration: Tailor the payment experience to match your brand

Pricing and Fees

With fees as low as 1%, which are not deducted from your received payments, Blockonomics Bitcoin Payments is a cost-effective choice. Rest assured, these fees won't break the bank!

How the Fee System Works

To cover the fees, you need to maintain a balance with Blockonomics. For instance, receiving $100 in payments would only cost you $1—a far superior option compared to alternatives in the market.

Key points about Blockonomics fees:

  • Fees are not deducted from received payments – you receive 100% of the payment
  • Fees are paid separately from your Blockonomics balance
  • You maintain full control over when and how fees are paid
  • Transparent pricing with no hidden charges

Free Transactions Offer

And guess what? Your first 10 transactions are absolutely free! This makes it easy to test the service and see if it works for your business before committing to any fees.

Our Experience with Blockonomics

At Entexion, we have been using Blockonomics for a while now, and we couldn't be happier with its performance. Although we can only speak to its implementation with WHMCS, setting it up was a breeze.

Setup Process

The setup process is remarkably simple:

  • Time required: Less than 10 minutes from start to finish
  • Technical expertise required: None – the process is straightforward
  • Documentation: Clear and comprehensive guides available
  • Support: Helpful support team if you encounter any issues

WHMCS Integration

For WHMCS users specifically, the Blockonomics module integrates seamlessly:

  1. Download the Blockonomics WHMCS module
  2. Upload it to your WHMCS installation
  3. Configure your Bitcoin wallet address
  4. Set up your Blockonomics API key
  5. Enable Bitcoin as a payment method

Once configured, customers can select Bitcoin as a payment option during checkout, and payments will be processed automatically.

Comparing Blockonomics to Alternatives

Here's how Blockonomics compares to other Bitcoin payment processors:

vs. Bitpay

  • Blockonomics: Direct wallet access, immediate control
  • Bitpay: Aggregates payments, delayed payouts

vs. Coinbase Commerce

  • Blockonomics: Lower fees (1%), direct wallet access
  • Coinbase Commerce: Higher fees, requires Coinbase account

vs. BTCPay Server

  • Blockonomics: Hosted solution, easy setup
  • BTCPay Server: Self-hosted, requires technical expertise

Best Practices for Bitcoin Payments

When implementing Bitcoin payments on your website:

  • Display payment instructions clearly: Make it easy for customers to understand how to pay
  • Set appropriate timeouts: Bitcoin transactions can take time to confirm
  • Monitor transactions: Keep an eye on pending payments
  • Provide support: Be ready to help customers who are new to Bitcoin
  • Update regularly: Keep your Blockonomics module updated for security and features

Conclusion

We wholeheartedly recommend Blockonomics to everyone! It's an outstanding product that truly delivers. Don't miss out on this opportunity—give them a try. They're simply awesome!

If you're looking to add Bitcoin payments to your website, whether you're using WHMCS, WordPress, or any other platform, Blockonomics provides a reliable, cost-effective, and easy-to-use solution that puts you in control of your Bitcoin transactions.

With low fees, direct wallet access, and excellent platform support, Blockonomics is an excellent choice for any business looking to accept cryptocurrency payments. Give it a try – your first 10 transactions are free!