JM Bullion Adds Bitcoin As Payment Option and Offers Discounted Precious Metals

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by Tatsiana Yablonskaya · 3 min read
JM Bullion Adds Bitcoin As Payment Option and Offers Discounted Precious Metals
Photo: wyo bullion/Flickr

Online bullion dealer JM Bullion is planning to attract more customers by starting accepting bitcoin.

JM Bullion, a premiere online bullion dealer in the United States, has added bitcoin to the lists of its payment options. Since the very start, the company has been the industry price leader and it has no intention to stop. It is used to exceeding expectations through weekly sales, fast shipping, and highly-rated service. JM Bullion specializes in a wide range of precious metals and has one of the largest collections of gold and silver items.

The company is planning to attract more customers by starting working with bitcoin. It will help to eliminate such problems as payment fraud and credit card chargebacks as well as to reduce transaction fees. JM Bullion offers a 4% discount for every customer paying in bitcoin. By the way, such marketing methods as discounts or more favorable conditions for bitcoin payers significantly promote the cryptocurrency.

Apart from a 4% discount, customers paying in bitcoin will enjoy a $10,000 order maximum limit, which is $5000 higher than credit card orders. Bitcoin orders are subject to a $100 minimum threshold.

JM Bullion notes: “Since its establishment in 2008, the online payment system known as Bitcoin has enabled millions of customers to make and receive payments without the involvement of any banks or credit/debit card companies. The popularity of this payment method stems not only from the convenience of its transaction process, but also from the currency it uses, the bitcoin. The bitcoin serves as the single uniform piece of currency within the system, and enables people from different nations to make their purchases without having to concern themselves with current exchange rates. Understandably, it has become a popular means of payment among businesses that deal internationally, including precious metals dealers.”

JM Bullion is not the first precious metal dealer to work with bitcoin. Veldt Gold (formerly known as Agora Commodities) was the first full service bullion dealer that started accepting bitcoin as payment for gold and silver bullion sales. Some other dealers have admitted increased demand after the addition of new payment option. Having minimum payment costs, customers start spending more money on precious metals.

JM Bullion underlines the convenience that bitcoin offers. “While all transactions occur online, customers are not confined to the hours and location of any particular establishment. They can make their purchases at any time from the comfort of their own home or office. Customers also appreciate that Bitcoin provides them with a single internationally accepted form of currency that can be used across the globe without the need for any additional conversion. Bitcoin transactions incur lower processing fees for merchants than those made with PayPal or credit/debit cards. As a result, customers end up paying lower premiums rates for their precious metals purchases.”

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