Bitcoin is an online currency which is also known as a crypto currency since it is completely decentralized and theoretically completely anonymous, which has the power to change the way affiliate marketing works, mainly for affiliate marketers. Finance Magnates, a finance blog, suggests some ways that Bitcoin can potentially revolutionize or disrupt the way affiliate marketing is right now.
First of all, most bitcoin purchases are not refundable or reversible, so with bitcoin sales there wouldn’t be as much of a risk of the types of fraud seen with credit cards and other forms of payment.
The other thing is that due to the fact that micro payments are so easy, affiliates can get rewards in real time when sales happen. As you may know, instant gratification is very satisfying.
While Bitcoin does have some risk, because of it’s variable value, it can be more easily offered by services which are not tangible goods as there are less hoops to jump through, like the ones businesses must go through to get credit card approval.
Due to these benefits, it is possible that in the future affiliate programs could even give businesses bonuses for sales in Bitcoin as opposed to traditional methods.
Bitcoin exchanges themselves have referral benefits, some as high as 50% for the first 6 months of a new member.
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