New York, April 28, 2016: Bitcoin has proven to be one of the most convenient payment methods in the world, attracting more and more people. The growing demand has made Kinguin to expand the Bitcoin payouts that it offers to the merchants.
The Bitcoin payouts option allows Merchants to withdraw their funds smoothly and efficiently.
The rationale behind the move is that by transferring funds to multiple international recipients in single payout batches leads to reduction in the cost and also in the processing time of payout methods.
“We have noticed a demand from our merchants for paying out with Bitcoin,” said Faheem Bakshi, Kinguin’s Vice President for Global Expansion. “Having the option to pay out with Bitcoins is a great opportunity to attract more merchants selling digital products on Kinguin. It allows users of Kinguin‘s platform to buy and sell video games in even more new ways”
Since Kinguin partnered with BitPay in October 2015, Kinguin’s customers have been able to use Bitcoins to pay for purchases on Kinguin.net. The addition of Bitcoin resulted in a significant number of people choosing the digital currency as their main payment method. Bitcoin’s popularity is reaching new heights and Kinguin.net wishes to utilize the Bitcoin payouts so as to be able to meet that new demand from users.
“Bitcoin gives online marketplace businesses a simpler, faster and less expensive way to pay their international sellers,” said BitPay’s EMEA General Manager Marcel Roelants.
“Gaming marketplaces like Kinguin clearly show the advantages of Bitcoin payouts.”
BitPay is the first Bitcoin payment processor and it allows the merchants to accept Bitcoin payments from customers while pricing their products and receiving bank deposit settlements in their local currency.
Kinguin.net is one of the most popular marketplaces in the world for digital games, with over over 25,000 products available and has more than 3 million customers in its kitty.