Every merchant account provided by IPAYTOTAL incorporates a payment gateway provided by the approving bank. IPAYTOTAL’s trusted banking partners offer a secure payment gateway for all transactions, with which you will connect the bank’s API to your website upon approval.
The Time Required For Bitcoin Merchant Accounts
The time required for Bitcoin Merchant Account approval can take around 24 or 48 hours but It may take longer as approvals are dependent upon several factors:
- Industry type
- Merchant’s payment processing history
- The acquiring bank
Our team of experts walks you step by step through the application process and remain as your consultant for the life of your partnership with IPAYTOTAL.
Merchant Accounts For Bitcoin Mining Hardware
Many hardcore bitcoin and crypto enthusiasts are also bitcoin and cryptocurrency miners. The process of mining is done by the use of a specific programming that solves complex numerical conditions, resulting in the creation of bitcoins. Bitcoin is a constrained currency — it is accepted to be capped at 21 million bitcoins, just 50% of which have been released and are in circulation. As more bitcoin enters into the system, it will make more difficult to mine.