There are several companies in space that allow cryptocurrency users and enthusiasts to buy precious metals using Bitcoin (BTC). These companies are JM Bullion, Onegold and SD Bullion.
JM Bullion, one of the most famous companies for the purchase of precious metals, now accepts Bitcoin (BTC) as a means of payment. As shown on its official website, the company ax the most valuable virtual currency for orders ranging from $ 100 to $ 250,000. There are several companies that accept Bitcoin all over the world.
Although Bitcoin has not recorded a good year in 2018 in terms of price performance, there are some important companies that are very positive about Bitcoin. This is the case with JM Bullion, which has decided to allow customers to pay using the most popular digital asset on the market.
To start accepting Bitcoin JM Bullion has collaborated with BitPay. BitPay is a leading Bitcoin payment service provider that is present in many different countries around the world. In this way, customers will pay using Bitcoin in just a few minutes. Instead, the company will receive US dollars.
If the transaction is not processed in less than 15 minutes, the entire process must be restarted. If a user decides to pay using Bitcoin, he will receive a 3% discount compared to other means of payment. The use of credit or debit cards is related to higher commissions for the seller, making it difficult for some companies.
One of the advantages of using Bitcoin is that it is convenient compared to other means of payment.
The company wrote about it:
"The main advantage of using Bitcoin is the convenience it offers.As all transactions take place online, customers are not limited to the time and place of each particular establishment.You can make their purchases at any time from the convenience of own house or office ".
JM Bullion explains that many customers want to use Bitcoin for its convenience. The popular digital asset has low processing costs for merchants compared to the use of PayPal or other systems. This is the reason why customers who pay with BTC will receive an important discount on their purchase.
In order to make a payment using Bitcoin, users will have to perform the usual purchase process. Once they decide to finalize their purchase, they will have the option Bitcoin as a means of payment. JM Bullion states that payment is credited within one business day and can not be canceled. However, any refunds made on Bitcoin purchases can be made using Bitcoin Bitcoin at the US dollar rate at the time of reimbursement.
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Onegold, a platform that allows investors to buy gold, silver and other precious metals has started accepting Bitcoin payments. The company was founded by APMEX and Sprott. The tangible assets owned by Onegold are held at the Canadian Royal Mint and are redeemed by the company if a transaction takes place on the platform.
The company decided to start using Bitcoin due to the poor credit card service. Onegold's CEO, Ken Lewis, explained that some users were exposed to fraud and would increase Onegold's costs after a sale using this payment method. Moreover, credit cards are very expensive to manage compared to other payment services.
To accept Bitcoin and Bitcoin Cash (BCH), the platform worked with BitPay. BitPay is the same company that collaborated with JM Bullion to offer payments with Bitcoin. According to official payments of the APMEX site with Bitcoin and Bitcoin Cash they have a 3% discount. This is similar to what JM Bullion did.
In fact, the service also works very similar to JM Bullion. Some of the orders will be packed and ready to be shipped the next day for home purchases. Users will also receive a tracking number with shipping information.
Another recognized site that has started selling gold and other precious metals with Bitcoin is SD Bullion. It seems that the established competitive market has pushed these companies to accept BTC payments.
A few months ago, the site decided to renew its interface. At the same time, they decided to start accepting Bitcoin payments. This allows people to easily buy any product in gold or silver using the most popular virtual currency on the market.
Although the site claims to have lower prices, users who want to buy gold using Bitcoin will have to pay a premium price of 1%. Although it does not seem bad, since it is not necessary to provide the same information as credit cards, it is different from the tactics used by JM Bullion and Onegold.