eCommerce giant eBay has decided to offer cryptocurrency as a payment option for its 187 million customers. The company has started offering non-fungible tokens (NFTs). This article will tell you more about the topic and help you with a secure and affordable cryptopayment merchant account.
eBay’s New Payment Options & Cryptopayment Merchant Account
If you’re an eBay user, you can now buy NFTs on the platform. Before the introduction of NFTs, the eCommerce giant has already reported its interest in crypto payment options. As a result, eBay has become one of the top eCommerce platforms allowing its customers to use NFTs.
A non-fungible token represents a data unit that a digital ledger stores, called a blockchain. This way, digital assets get certified as unique and not interchangeable.
eBay isn’t planning to start this new initiative with all its customers: only with a smaller group of trusted sellers. Then, the company will expand the offering to a larger number of sellers. eBay’s new offering is part of its efforts to enter the digital money market.
With the payments industry undergoing enormous changes and developments, it’s more pivotal than ever to find a reputable payment specialist to work with.
So, take the time to do your research and turn to an expert payment processor that can set you up with the right merchant account, including a cryptopayment merchant account. Make sure the offered rates are among the cheapest and the services are among the most sophisticated.
eBay Offering Non-Fungible Tokens
As you’ve already read above, eBay now enables its customers to use non-fungible tokens for digital collectibles. These can include trading cards, images, and video clips on its website.
Sellers can use this new payment option for U.S. dollars, unlike other marketplaces where Ethereum payments are also available to customers. Be aware that the platform won’t offer all categories of NFTs for sale.
According to eBay spokeswoman, the company is excited about the underlying capabilities and how collectibles based on blockchain technology enable customers to enjoy trust and authenticity, which play a critical role in the digital space.
Jamie Iannone, eBay CEO, has noted that they were searching for ways to offer payments on their platform, and the company’s focus was on crypto money options. The company’s interest in new payment methods has resulted in allowing sellers to use non-fungible tokens (NFTs) on eBay.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that can best help you with cryptopayment merchant account. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.