VodaNet is a company known for selling holiday packages at low prices. In an effort to attract customers and boost sales, Voda announced that they will accept Bitcoin payments.
The company has been using a direct selling or multi-level marketing business model since its inception. Bitcoin is a very suitable payment method for direct selling due to its extremely low transaction fees and ease of use; many people working in the direct selling market consider Bitcoin to be the best payment method. Adding a payment method often increases business volume, which is particularly important in direct selling because payment methods are often the direct deciding factor between people buying and not buying.
“We decided to accept Bitcoin as we realised that Bitcoin makes payments much more convenient for our customers. When paying with Bitcoin, customers do not have to worry about international transfers, bank holiday extensions and other restrictions. Using Bitcoin as payment allows customers to purchase holiday packages anytime, anywhere, as well as transfer and accept Bitcoin.
Bitcoin can not only be used to pay for vacation packages, but also allows merchants to withdraw the bitcoins they earn. It can also greatly reduce the time required for withdrawals and also reduce transaction fees.
Voda has done this beautifully, greatly increasing the viability of their business model of selling vacation packages. The addition of Bitcoin payments will allow the company’s customer base to flourish. |
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