Bitcoin is the largest, most valuable, most used, and the most popular cryptocurrency. In the cryptocurrency market, Bitcoin has the largest share percentage since its existence. This contributes to why many companies accepts Bitcoin in their business.
Due to how decentralize and non-regulatory nature of the cryptocurrency is, Many believe it to be a risky digital asset to acquire. However, due to how knowledgeable the world has come to be about Bitcoin and other cryptocurrencies, the trend is changing.
Nowadays, more people make use of Bitcoins including companies. In this article, we shall look at the top companies that accept Bitcoin in 2020; check them below.
What Are the Top Companies That Accepts Bitcoin in 2020?
Of all major companies, one very popular one that accepts Bitcoin is Microsoft. Microsoft is a technology company very popular all over the world. The company produces software, computers, and other electronics. It was founded by one of the world’s richest men Bill Gates and Paul Allen. Currently, Microsoft is own by Bill Gates, BlackRock, and The Vanguard Group.
Thus, Microsoft accepts Bitcoin as a payment method. With Bitcoin deposited into your Microsoft account, you can buy applications, games, and movies from the Windows Store or Xbox Store. Microsoft does not accept Bitcoin payment on their online store.
Payments made with Bitcoin do not take long to process. For some, they are processed immediately while others may take about 2 hours. Note that Microsoft does not refund Bitcoin funds deposited into your account.
Overstock is an online retail store where people can purchase various products and services. The company is very popular due to the cheap prices featured in the store, products are discounts as high as 50% – 70%.
You can spend your Bitcoins on the Overstock retail store by using it to purchase any item you need. The company works with popular crypto exchange platform Coinbase to integrate Bitcoin payments. Both local customers (those in America) and international customers can make use of this payment feature.
As usual, you cannot reverse Bitcoin transactions after depositing in your Overstock account. However, you can get a refund if you do not receive your item or your item has a defect. Your refund will be through Coinbase and you get the Bitcoin equivalent in USD at the current exchange rate.
When it comes to online payment systems, PayPal is a name that needs no introduction. Globally, while operating since 1998, the company is one of the best online systems for sending and receiving money.
Paypal is one of the top companies that allows users to receive payments in Bitcoin. This was effected in September 2014 and Bitcoin payments on PayPal processed through Braintree – a company that is a division of PayPal.
Braintree accepts Bitcoin payments and with its integration with PayPal, users can easily make Bitcoin payments via it and have the equivalent credit in their PayPal wallet.
Braintree can process Bitcoin payments via its integration with Coinbase.
Currently, Shopify is known as the best e-commerce platform and many e-commerce stores make us of its software. The company has been around for about 16 years and was founded by three individuals; Daniel Weinard, Tobias Lutke, and Scott Lake.
Users of Shopify can accept payments from their customers in Bitcoin. Bitcoin payments is possible on Shopify stores with Coinbase, Bitpay, GoCoin, or CoinPaymenrs.
Bitcoin payments process quickly; they do not take up 10 minutes to complete and there are no chargebacks. Also, very low fees are charged for Shopify Bitcoin payments compared to credit card payments.
Aside from Bitcoin, Shopify also allows payments for over 300 other altcoins including popular ones like Ethereum and Litecoin.
The American Telephone and Telegraph (AT&T) company was founded in 1983. The company provides telephone services in the United States including prepaid and postpaid airtime, data bundles, DIRECTV, and also mobile phones.
It is the fastest telecommunications network in the United States and also the largest telecommunications company in the World.
AT&T accepts bitcoin payments; it is the first mobile carrier in the United States to accept the cryptocurrency. You can make Bitcoin payments via a third-party crypto exchange – Bitpay.
If you make use of the myAT&T app or you utilize the online bill pay service provided by the company, you can pay for your bills with Bitcoin via Bitpay. The Bitpay payment option will be available when you log into your account.
CheapAir is a travel agency with which people book flights, hotels, and cars. Over 3 million travelers from different parts of the world make use of CheapAir travel services and the prices featured are relatively cheap.
CheapAir began accepting Bitcoin payments from customers in 2013. Also, one can book and also pay for flights, cars, and hotels in Bitcoin. At the booking check out page, you would Bitcoin listed as one of the payment options
The company is the first online payment agency to accept Bitcoin as a means of payment. It started accepting Bitcoin payments through the Coinbase exchange platform but later switched to BTC pay.
CheapAir also accepts other cryptocurrencies like Litecoin, Dash, Bitcoin Cash, and Ethereum payments.
Since 2000 when Namecheap emerged, the company is presently among one of the top domain registrars in the world. The company has its headquarters in Phoneix, Arizona and specializes in providing domain name registration and web hosting services.
Currently, Namecheap boasts of about 10 million registered domain and 11 million users. However, ICANN accredits the company.
Additionally, if you want to purchase a domain or hosting account on the Namecheap platform, you can make use of Bitcoin to do so. You can as well purchase Whois Guard and SSL certificates with Bitcoin on Namecheap.
As many Namecheap users request for it, they company now accepts Bitcoin as a means of payment on their platform. The platform integrates with more than 10 Bitcoin wallet providers to process these payments including the likes of BitPay Wallet, Copay Wallet, and BTC.com Wallet.
Newegg is an online retail company. The company sells various products including electronics, software, toys, etc. It was founded by Fred Cheng in 2001 and Fred currently works as the company’s CEO.
Newegg accepts payment for certain products on their platform. This platform only allows the use of bitcoin for subscriptions, gift cards, call orders, and a few others. Accepting Bitcoins is possible with Newegg’s integration with BitPay.
Making payments with Bitcoin on Newegg follows certain rules. Notably, you have to complete your purchase within 15 minutes on the checkout page or it will force you to use a different payment method.
Newegg does not return Bitcoin payments to customers in Bitcoin or fiat currency. One can only make returns via Newegg Gift Cards.
Travala is another one of the many companies that accepts Bitcoin. It aim to provides hotel and accommodation booking services to its customers. Since its inception, in 2017, the company has risen to be a popular travel agency in the UK.
Over 90,000 destinations in about 230 countries features on the Travala website. As thousands of customers from different parts of the world make use of it.
There are various payment options featured on Travala and Bitcoin is one of them. You can pay for booking at any hotel of your choice on Travala using Bitcoin.
Bitcoin payment is the most used payment option on the website and the company prides itself as a blockchain-based travel booking platform.
Likewise, other cryptocurrencies accepted on the platform includes Ethereum, USDT, Litecoin, Bitcoin Cash, etc. Travala also has its cryptocurrency token called AVA.
With about 10 million subscribers, DISH network is one of the most popular television service providers in the United States.
DISH established Bitcoin as one of its accepted payment options in 2014. The company is one of the firsts in the industry to allow subscribers to make payments using cryptocurrency.
Thus, users pay per view on movies. You can also pay monthly subscriptions with Bitcoin. Bitcoin Cash is also an acceptable payment option. While making payments, you should send the exact amount of Bitcoin that you needed and payment is then made on the DISH website or cable box.
Also, just like most companies listed, BitPay is the bitcoin payment service provider that features on DISH.
In conclusion, the easy to use nature of digital currency and its value are among the reasons why these top companies accepts Bitcoin. Also, Bitcoin payments are favorable to both merchants and customers as the fees that involves it are low.
There are many companies that accept Bitcoin and the list keeps increasing daily. It is a good thing for the future of Bitcoin and cryptocurrencies at large.