Bitcoin transaction fees are small when compared to other payment methods, such as wire transfers, payment systems, or payment card transactions. Therefore, this method of receiving payments is very attractive for online businesses.
In addition, Bitcoin is not formally taxed because it is not a monetary form issued by the government. On the other hand, payments in Bitcoins are pseudo-anonymous and instantaneous, while eliminating the need for intermediaries.
The payment acceptance API is responsible for creating and monitoring Bitcoin addresses. Upon receipt of payments, the server will be notified using a simple callback procedure. Blockchain API providers provide services that allow you to start accepting payments in Bitcoin from anyone anywhere in the world. And with a simple HTTP GET request, you can get started right away.