Bitonic: Bitcoin Broker with Merchant Services

Established in the Netherlands in 2012, Bitonic functions as a Bitcoin broker primarily providing instant Bitcoin purchases to users. Alongside this core service, Bitonic extends its offerings to include merchant services, enabling businesses to embrace Bitcoin payments. Moreover, Bitonic extends a helping hand to not-for-profit organizations by allowing them to accept Bitcoin donations devoid of any associated fees.

Bitonic's partnership with Dutch payment service provider Mollie streamlines the acceptance of Bitcoin payments. Commercial merchants interested in accepting Bitcoin transactions can conveniently establish a free account with Mollie. Payments received are promptly converted to EUR and seamlessly transferred to the merchant's bank account within a two-day window. However, it's worth noting that Bitonic levies a 0.5% fee for the conversion to EUR, although this fee might not be conspicuously stated on their website.

While Bitonic does offer merchant services, it's important to acknowledge that these services are not their primary focus. This may lead merchants to explore more comprehensive solutions offered by other providers. The scope of merchant services provided by Bitonic is somewhat limited. The platform exclusively supports Bitcoin as the cryptocurrency for transactions, and the Euro stands as the sole fiat currency option. Nevertheless, for not-for-profit organizations, Bitonic emerges as an attractive option, granting them the capability to accept Bitcoin donations devoid of any associated charges.