CardinalCommerce Inks Bitcoin Deal with Bitnet

CardinalCommerce and Bitnet have joined forces to make immediately available the ability for merchants to accept online payments using Bitcoin.

Bitnet’s integration with Cardinal allows merchants to accept payments from anyone, anywhere, with instant global reach and no cross-border fees. Merchants can display the prices of their goods in any of 60 major world currencies, accept Bitcoin as payment, and receive funds in their local currency without ever needing to handle Bitcoin themselves.

Merchants also eliminate all payment risk – there are no chargebacks with Bitcoin, ever. Transaction fees are also lower than with other methods of payment. With Bitnet’s platform, merchants enjoy all the advantages of accepting bitcoin while never needing to deal with any of the digital currency’s complexities.

“The many benefits of bitcoin make it a win-win for merchants and Customers around the globe,” said Alasdair Rambaud, Cardinal’s SVP of Merchant Services.

“Bitcoin has turned the global Internet into a secure, seamless payment network – likely the most significant leap forward in FinTech history,” said John McDonnell, co-founder and CEO, Bitnet. “It is no surprise that our friends at Cardinal are as excited as we are at Bitnet to help merchants eliminate fraud while reducing processing costs through bitcoin acceptance.”

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