Bitcoin has grown in popularity over time. It has become so popular that betting partners are forcing it on affiliates. On June 1, 2016, many affiliates had to change over to bitcoin so that they could continue to receive payments.

Effect On Prior Commissions

This change is has not gone into effect until June 1, 2016. Therefore, anyone who has earned commissions on April were still paid through their chosen payment processor. This has given players a chance to change over to bitcoin without facing any losses. However, people who were interested in receiving their commissions in bitcoin at that time were given the option of changing over. They just had to contact the support team of Betting Partners. However, commissions gained after May 1, 2016 will be programmed for bitcoin payout.

Affiliate Response

Many affiliates have responded to this change with a lot of concern and suspicion. However, many have soon realized that bitcoin is actually the best direction to go. Once they have understood the advantages of bitcoin, they have come to accept the changes made to the program.

Bitcoin Advantages

There are tons of advantages to using bitcoin. For one thing, it is very simple to use. All it takes is a few minutes to set up a wallet address. Users can also set up a new wallet address with just one click.

Exchange Process

One of the best aspects of bitcoin is the exchange process. There are plenty of Bitcoin Exchange services available to exchange bitcoin for currency. There is also the option to keep the bitcoin for spending. The best procedure for the user is to store earnings in a bitcoin wallet and then move it to an exchange service.

Convenience And Low Minimum

One of the biggest advantages that bitcoin has over other methods of payment is that it is a lot quicker. People using payment processors often have to wait potentially weeks in order to receive the money they withdraw. Bitcoin processes the withdrawals within hours. Also, there are no restrictions to how much a user could receive. Betting Partners is able to process up to $40,000 for every address. In the event that one has to process more than $40,000, then he will have to provide more than one address. However, all of these increments of $40,000 will be processed all at once. Therefore, the user will get every penny of what he has asked for all at once.

Other Advantages

Among the other advantages that bitcoin has is that there are no fees needed for processing. This allows users to receive every bit of money that have earned. There is also no need to provide personal information for payments. This lowers the risk factor for a lot of users. At the same time, Betting Partners does have a major security measure. They require affiliates to provide a new address every month. Perhaps the biggest advantage that bitcoin has over others is that there is no third party involved. Therefore, the possibility of delay is much smaller.

As with any other forms of change, the change over to bitcoin was met with a little opposition. However, people have come to appreciate the advantages that this new process has. This change has turned out to be one of the best choices that Betting Partners have made. Often times, people focus on the worst possible scenario, but like with other cases, this direction has worked out for the better to many affiliates.