Elavon Merchant Services: Not On Facebook, Twitter, Pinterest. Also, No Bitcoin Integration (WTF?)

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Elavon Merchant Services
Not On Facebook, Twitter, Pinterest
Also, No Bitcoin Integration (WTF?) 

Elavon Merchant Services Threatened By Bitcoin
No Bitcoin Integration
Bitcoin is a promising way to lower transaction costs. Credit card companies charge merchant fees that are often prohibitively expensive for small businesses. Small-business owners face the hard trade-off of either refusing to accept credit card payments and losing business or accepting card payments and losing money by eating the costs. Transaction fees with Bitcoin are negligible and can save money for cost-conscious businesses.

Consumers, too, could benefit from these lower transaction costs in the form of lower prices. This is the business model of the Bitcoin Store, an online electronics retailer that only accepts Bitcoin transactions. Bitcoin allows sellers to charge only $436 for a Samsung Galaxy Note at the Bitcoin Store that currently sells for $517 on Amazon.

No Social Media Presence 

They Offer More Ways To Pay Except For The One (Bitcoin) That Will Save You The Most Money!

As for Elavon’s social media channels, the company has not developed either their Facebook or Twitter channels. Google+ is nonexistent and their LinkedIn page is bare. Any customer support and commentary must go through the company’s website because Elavon’s social media channels are not active.

Representing The Past In Merchant Processing

Bitcoin's lower transaction costs will greatly benefit people who send global remittances to their relatives in developing countries. Traditional wiring services, like Western Union and MoneyGram, may charge steep fees of up to 10 percent of the amount transferred and take days to process. With instantaneous transfers and fees of less than 1 percent, Bitcoin could significantly lower the cost of sending remittances—which amount to more than $400 billion annually.

Second, Bitcoin may provide affordable access to financial services for the world's unbanked population. With Bitcoin, accessing the financial world is as easy as downloading an application on your phone. The popular mobile payment system, M-Pesa, recently added Bitcoin payment options for customers in Kenya. The world's less affluent may stand to gain the most from the ease and affordability of making Bitcoin payments.

Countries with poor monetary management will also benefit from Bitcoin. Strict capital controls and high rates of inflation led to a surge of Bitcoin downloads in Argentina. Some even suggest that the Eurozone crisis drove the use of Bitcoin in distressed countries. Bitcoin increases the number of monetary options available to people in dire situations.

Finally, Bitcoin could be a democratic tool to ensure a basic level of freedom of speech around the globe. Dissident activists in authoritarian countries now no longer need to fear that their government will block payments for blogging services. Bitcoin places power back in the hands of the people.

These are just a few of the innovations to materialize so far. Built within the Bitcoin protocol are capabilities to develop other financial innovations, like notary services, encrypted communications, and “smart” collateral contracts. Developers and businesspeople are still learning the myriad applications for this innovative technology.

Just as the public debate understates some of the benefits of Bitcoin, it also overstates some of the concerns. The hypothetical crimes that Bitcoin may enable are traditionally committed with cash, but policymakers would never dream of criminalizing cash. Instead, they regulate the use of cash. Regulations targeting Bitcoin could adopt this time-tested approach.

What's more, Bitcoin may not be an ideal vehicle to commit these crimes. Bitcoin is not actually anonymous, but pseudonymous. Each Bitcoin transaction is verified and recorded in a public ledger by all computers running the Bitcoin network. Criminals using Bitcoin will leave a perpetual smoking gun in the public ledger that could tie their identities to the illegal transactions. For this reason, criminals may opt to continue using their favorite currency of choice, the U.S. dollar, instead of using Bitcoin.

Policymakers understandably worry about the risks stemming from a new technology, but effective policy will also consider the substantial benefits that Bitcoin may provide. The risk of lost benefits from overregulating this promising technology appears greater than the risk of its criminal use, and that is an outcome that no policymaker should want. 


Monty Henry, Owner

Additional Resources:

Number of Americans Renouncing Citizenship Surges To Escape Oppressive Tax Rules

Dropping Off The Grid: A Growing Movement In America: Part I

Online Privacy Tools and Tips

What is BitCoin and How Does It Work?

The Creature From Jekyll Island: This Blog And Video Playlist Explains Why The U.S. Financial System is Corrupt and How It Came To Be That Way





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Note: Simply Choose e-Lay-Away as a "Payment Option" in The Shopping Cart

DPL-Surveillance-Equipment.com is a world leader in providing surveillance and security products and services to Government, Law Enforcement, Private Investigators, small and large companies worldwide. We have one of the largest varieties of state-of-the-art surveillance and counter-surveillance equipment including Personal Protection and Bug Detection Products.

Buy, rent or lease the same state-of-the-art surveillance and security equipment Detectives, PI's, the CIA and FBI use. Take back control!

DPL-Surveillance-Equipment.com

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