Coinbase Commerce is a cloud-based commerce platform that allows merchants to accept Bitcoin payments. Merchants can easily set up their website to accept payment in Bitcoins, and customers can easily purchase goods or services using Bitcoin. This article will discuss the advantages and disadvantages of accepting Bitcoin as a payment method for your business.

Advantages:

1. Low fees – The transaction fee for accepting Bitcoin is low, and is usually only 1% of the transaction value.

2. No chargebacks – Since you are not storing the customer’s credit card information, there is no risk of chargebacks.

3. Easy to accept – Since the payment is sent directly from the customer’s wallet to your wallet, it is very easy to accept.

4. Anonymous – Your customers do not need to give out any personal information when making a purchase.

5. Easy to track – Since your business is not storing any sensitive data, you can easily track all transactions made by your customers.

6. No limits – There are no limits on how many bitcoins you can accept.

7. Instant – You can instantly receive the funds once the customer has paid.

8. Flexible – You can accept Bitcoin as a payment method for any type of business.

9. No limit on the number of transactions – If you want to increase your sales volume, you can accept more bitcoins at once.

10. Easy to convert – Once you accept bitcoin as a payment method, you can easily convert the bitcoins into other currencies.

Disadvantages:

1. High risk – While there is a low risk of chargebacks, there is a high risk of fraud.

2. Hard to accept – Since you must convert the bitcoins to dollars before you can process the transaction, it is hard to accept bitcoins as a payment method for some businesses.

3. High cost – Since you must pay a merchant service fee when processing a transaction, you will end up paying more than if you accepted credit cards.