What Businesses Accept Crypto Payments?10 min read

What Businesses Accept Crypto Payments?10 min read

More and more businesses are starting to accept crypto payments as another payment option for customers. While still a relatively new technology, cryptocurrencies like Bitcoin have gained quite a bit of traction in the past decade.

But which ones? And how do you easily make these payments from your crypto holdings? 

In this article, we’ll examine some of the major companies that accept cryptocurrency, how to open a crypto payment account, and why The Kingdom Bank’s digital banking platform makes crypto payments so simple.

What is a Crypto Payments Bank Account? How to Open It?

One of the easiest ways to make crypto payments is by opening a dedicated crypto payment account with a digital banking platform like The Kingdom Bank that allows you to store, send, and receive major cryptocurrencies directly from your online bank account. 

While accounts may differ between banks, opening a crypto payment account is usually a straightforward process.

At The Kingdom Bank, all you need to do is submit your personal details during the online account opening process to verify your identity. 

Once your application is approved, you’ll be able to fund your new crypto payment account by depositing fiat currency or transferring crypto holdings from an external cryptocurrency wallet. 

From there, you’ll have a dedicated bank account number and payment details that allow you to easily pay merchants that accept crypto with just a few clicks.

How to Pay With a Crypto Payments Account?

Making payments with a crypto payment account is very similar to paying with a traditional bank account. 

Once you have funds available in your account, all you need to do is:

• Find a merchant from The Kingdom Bank directory of businesses that accept cryptocurrency. 
• Add the items you want to purchase to the merchant’s online shopping cart as normal.
• During checkout, select the option to pay with cryptocurrency. You may be prompted to select which crypto you want to pay with, such as Bitcoin, Ethereum, or others.
• Authorize the payment by logging into your The Kingdom Bank account on the provided payment portal.
• The funds will be instantly transferred to the merchant from your crypto payment account. That’s it – your order is on its way!

Making crypto payments this easily directly from your banking account removes much of the hassle of sending and receiving digital assets, allowing you to enjoy all the benefits of cryptocurrency even if you’re not a tech-savvy trader.

Which Businesses Accept Crypto Payments?

As crypto adoption increases, more large enterprises are turning to digital currencies as an accepted payment method. 

Here are some of the major companies that support cryptocurrency payments:

Microsoft – The tech giant has accepted Bitcoin for Xbox games, apps, and services on its online storefronts.

Expedia – One of the first major travel platforms to integrate crypto, Expedia allows customers to book flights and hotels using Bitcoin and other digital assets via services like Coinbase.

AT&T – The telecom leader became the first major US mobile carrier to accept Bitcoin bill payments back in 2019.

Whole Foods Market – Partnering with payment apps like Spedn, Whole Foods lets customers pay for groceries with cryptocurrency at select store locations.

Newegg – The online electronics retailer lets crypto enthusiasts purchase PCs, components, and gear with digital currencies through their website checkout.

And these are just a few of the 250+ companies listed on crypto payment directories that let you use your crypto holdings to shop with mainstream brands. The list spans industries from retail and travel to telecoms, software, and more.

What are the Benefits of Online Crypto Payments?

While crypto payments still make up a small percentage of total transactions, their popularity continues to steadily increase each year as more advantages become apparent versus traditional electronic payment methods:

• Lower Fees – Credit card transaction fees typically range from 2-4%, while crypto payment processors charge 1% or less per transaction.
• International Payments – Sending funds across borders with cryptocurrency incurs minimal to no additional fees compared to wire transfers and currency exchange rates applied by banks.
• Security – Properly implemented crypto transactions are very secure, cannot be reversed with chargebacks, and personally identifiable payment details are not shared with merchants.
• Accessibility – Anyone with an internet-connected device can transfer digital assets globally 24/7 regardless of citizenship, bank account status, or other restrictions that may apply to conventional finance.

For businesses, crypto payments open their customer base internationally while allowing potential cost savings over card networks. 

And for individuals, it’s an easy way to benefit from new technologies without becoming a hardcore trader.

The Best Digital Bank Account for Crypto Payments

If you’re ready to start taking advantage of crypto payments, The Kingdom Bank’s digital banking platform is the clear leader for dedicated crypto payment accounts.

As a licensed offshore bank under prudential supervision, The Kingdom Bank offers a secure and fully-regulated banking solution for both private and corporate clients looking to reliably store, send and receive major cryptocurrencies.

Some key benefits of choosing The Kingdom Bank include:

• Ability to connect bank accounts and crypto wallets for simple funding and withdrawals
• Widely accepted digital payment options for fast crypto transfers anywhere in the world
• Comprehensive crypto payment directory and merchant payment solutions
• Robust security with bank-grade encryption, 2FA authentication and banking licenses/oversight

If you’re interested in exploring the world of crypto payments, opening an account with The Kingdom Bank is truly the most hassle-free and secure way to set up dedicated crypto banking in minutes. 

Get started today by visiting The Kingdom Bank online or downloading our mobile app – it’s never been easier to pay with cryptocurrency directly from your digital bank account.

Cryptocurrencies have come a long way in gaining mainstream acceptance in just over a decade. With more people and businesses adopting digital assets every year, making payments with crypto will likely only become easier and more common moving forward. 

By choosing the right crypto-friendly banking partner like The Kingdom Bank, you’ll be well-positioned to take advantage of all the benefits new payment technologies have to offer.