Your opinion needed - Bitcoins as payment method?
D
Deleted member 979859
Guest
Depends on your service/product. For what will they pay?
- Mar 21, 2013
- 24,767
- 31,554
If you're able to maintain your supply chain via bitcoin, then it's the best payment option. Zero fees, 100% secure.
But it depends on whether you'll be able to cash the BTC in the end for your benefit and pay your suppliers using BTC. If you can, then BTC is the best thing since sliced bread.
But it depends on whether you'll be able to cash the BTC in the end for your benefit and pay your suppliers using BTC. If you can, then BTC is the best thing since sliced bread.
AustinNash5
BANNED
- Jun 9, 2016
- 526
- 121
Absolutely safe, 100% Secure.
It is designed to be de-centralized.
I use BTC every day and absolutely love it.
Also, prices for BTC are at an all time high. And will only continue to sky rocket.
It is designed to be de-centralized.
I use BTC every day and absolutely love it.
Also, prices for BTC are at an all time high. And will only continue to sky rocket.
MMJason
Power Member
- Mar 9, 2016
- 552
- 206
I don't have any service, I was just asking. The reason for it is that one of my acc sellers is switching completely to bitcoin now and I am a greenhorn when it comes to bitcoin
Zero fees and 100% secure sounds fantastic, really!
And I guess it's possible to cash bitcoins out to my own paypal or something, right?
- Mar 21, 2013
- 24,767
- 31,554
That's the hard part you need to figure out. How to cash BTC. Paypal does not allow cryptos officially and if you do you gotta take as a gift or something. That's why I said you gotta figure out how to make your whole chain of operations work with BTC, from supply to cashing out. There are ATMs for BTC in some areas. You'll need to do some research for your own specific case.
MMJason
Power Member
- Mar 9, 2016
- 552
- 206
Lool I didn't know that it's not allowed to cash bitcoins out wtf
Why would someone use bitcoins then when cashing out is so difficult hmm
What are the official ways to convert bitcoins back to the normal currency? Is it possible to transfer the money to a bank account then?
Reaver
Elite Member
- Aug 6, 2015
- 1,898
- 5,794
Yes.
MMJason
Power Member
- Mar 9, 2016
- 552
- 206
Sounds good so far. But bitcoin is not like paypal, right? There are different services and sites that give you bitcoins in exchange for dollars/euros/real currency, correct?
And there are different services that handle bitcoins differently such as one service will pay you out to your bank account, and another service pays you out in yet another way etc.?
And there are different services that handle bitcoins differently such as one service will pay you out to your bank account, and another service pays you out in yet another way etc.?
Mr Go Figure
BANNED
- Sep 17, 2016
- 243
- 82
I have been using bitcoins since 3 years, it is not as big as paypal, but its not a bad way to pay for things anonymously
AustinNash5
BANNED
- Jun 9, 2016
- 526
- 121
Coinbase makes it pretty easy..
Webbers UX
Elite Member
- Apr 3, 2010
- 4,944
- 5,288
Absolutely. We'll soon be implementing Bitcoin as an option on our service. BTC has no fees and it continues to grow. People will use it if you put it as a payment option.
Received a $1,300 payment from a client in BTC months ago and is now worth $2,300.
The huge benefit is that it will continue to grow and in my opinion, will reach $2k+ by the end of the year. So just think of it as an investment
Almost a 25% Increase/ROI for the past 30 days alone, and a 10% in the past week alone.
Luka
Received a $1,300 payment from a client in BTC months ago and is now worth $2,300.
The huge benefit is that it will continue to grow and in my opinion, will reach $2k+ by the end of the year. So just think of it as an investment
Almost a 25% Increase/ROI for the past 30 days alone, and a 10% in the past week alone.
Luka
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eaglehunter
Power Member
- Oct 14, 2013
- 725
- 240
i wouldnt say cashing out BTC is very hard if you are earning it legally. You can literally exchange it to anything, paypal, debit card, bank transfer, Gift cards
Again, its very easy if you're earning the BTC legally and you are a legit person with a valid ID
Again, its very easy if you're earning the BTC legally and you are a legit person with a valid ID
Couch Monkey Media
Elite Member
- Nov 8, 2009
- 2,787
- 1,146
We have taken bitcoin now for almost a year. We have not had any issue with it. Cant really say we have seen a major increase in sales because of it. But we do get orders. Can't say that we would have lost the orders because we don't take it.
The way I look at it is it really doesn't cost you anything to set it up so why not offer it.
The way I look at it is it really doesn't cost you anything to set it up so why not offer it.
jp_smith86
Senior Member
- Jul 6, 2012
- 1,077
- 413
Bitcoins is Gold nowadays. I knew its going to increase an year ago and i purchased $7.5k worth of btc 6 months back when it was $600-$700 per btc and now its almost double. Pure Profit.
Phunky
Power Member
- Aug 23, 2009
- 518
- 286
Bitcoin is very intriguing and as of today 1 bitcoin is literally worth more than 1oz of gold. It's a strong currency, and accepting BTC payments is a great way to stockpile it so it can age. Mining is way too expensive, and buying it outright is going to cost you a lot so that's likely why your guy wants to use it as his only payment. Sure, it can rise and fall but it's been pretty strong so there are plenty of people who will risk it.
darK_knight3141
Newbie
- Apr 17, 2017
- 5
- 0
I have been accepting bitcoin on my stores without any problems. Using blockonomics payment gateway