Alternative Finances

Digital River To Start Taking Bitcoin

Digital River has announced that from here on out,  Bitcoin will be accepted as a payment option for merchants that are selling online in the US and using the company’s small to mid-sized commerce solution.

Bitcoin now joins a host of potential payments options offered through Digital River including credit and debit cards, wire transfers, bank transfers and third-party wallets.

“Bitcoin continues to attract more mainstream attention,” said Tom Peterson, Executive Vice President and General Manager of Commerce at Digital River in a released statement. “We’re excited to be among the first pure play ecommerce providers to make the cryptocurrency available for small to mid-sized businesses interested in providing their online shoppers more payment choices and added convenience.”

To handle the conversion of bitcoin in to fiat currency and process the payments, Digital River has partnered with San Francisco-based Coin Base.

With Digital River’s expertise in the global commerce and payments industry, we’re proud to support the extension of their payment options for small to mid-sized businesses,” said Adam White, director of business development and sales at Coinbase. “This partnership is another positive step forward in bringing bitcoin payments to the everyday consumer.”

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

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Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. While that’s a great opportunity for providers, it also presents a challenge — 27.4 million consumers are looking to cancel their subscriptions because of friction and cost concerns. In the latest Subscription Commerce Conversion Index, PYMNTS reveals the five key features that can help companies keep subscribers loyal despite today’s challenging economic times.

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