How long does it typically take to receive payment in Bitcoin from a Shopify store?

3 answers

• Dec 18, 2021 · 3 years ago
  Typically, when a customer pays with Bitcoin on a Shopify store, the payment is processed almost instantly. However, the actual time it takes for the payment to be confirmed and received in your Bitcoin wallet can vary. It depends on factors such as network congestion and the fee attached to the transaction. In general, it can take anywhere from a few minutes to a few hours for the payment to be confirmed and reflected in your wallet balance.
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• Dec 18, 2021 · 3 years ago
  As a Shopify store owner, you'll be glad to know that Bitcoin transactions are usually faster compared to traditional payment methods like credit cards or bank transfers. Once a customer initiates a Bitcoin payment, it gets broadcasted to the Bitcoin network and miners start verifying the transaction. Once the transaction is confirmed by a sufficient number of miners, it becomes part of a block and added to the blockchain. This process usually takes around 10 minutes, but it can vary depending on the network congestion and the fee paid.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we've observed that the time it takes to receive payment in Bitcoin from a Shopify store can range from a few minutes to an hour. This timeframe includes the time it takes for the payment to be confirmed by the Bitcoin network and for the funds to be credited to your Bitcoin wallet. Keep in mind that network congestion and the fee attached to the transaction can affect the confirmation time. It's always a good idea to monitor the transaction status and ensure that the payment has been successfully confirmed before considering it as received.
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