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Bitcoin - Do you accept it?

Discussion in 'Payment Processing' started by NZCloudHosting, Sep 11, 2012.

  1. #1
    Hi fellow Dp'ers


    Just wondering, how many other businesses or members of DP accept bitcoin?

    Ive just started to accept bitcoin in my business, just wondering if anyone has had any issues? If so how did you stop them?

    Just wondering if I may get abusive users?

    Thanks
    SEMrush
     
    NZCloudHosting, Sep 11, 2012 IP
    SEMrush
  2. jestep

    jestep Prominent Member Premium Member

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    #2
    The thought of accepting a form of currency that fluctuates in value daily is crazy: http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv

    Your money could literally be worthless tomorrow, and could go up 10 times as well. There's just no place for that trying to run a real business. That's not even counting whatever accounting nightmare this would create.
     
    jestep, Sep 12, 2012 IP
    IG2010 likes this.
  3. NZCloudHosting

    NZCloudHosting Peon

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    #3

    Hi wmXchange

    After reviewing your site, yes im very interested in becoming a partner with you.

    Ill be in touch via PM.

    Since im using the bit-pay payment processor, it calculates the latest BTC market rate up against my currency NZD - So there is safety there with the BTC currency.
     
    NZCloudHosting, Sep 13, 2012 IP
  4. mike30

    mike30 Well-Known Member

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    #4
    I do accept them not matter if prices fluctuates. Eventually it will increase in value. Isn't internet the future? Then bitcoin is in it ;)

    ~Mike
     
    mike30, Sep 14, 2012 IP
  5. tom11011

    tom11011 Well-Known Member

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    #5
    I just started accepting bitcoin for an ebook. Starting small.
     
    tom11011, Sep 15, 2012 IP
  6. RoadWarriorVPN

    RoadWarriorVPN Member

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    #6
    I was thinking of accepting bitcoin for our VPN service, but wanted to hear more experiences with it. The good and bad...
    Thanks....
     
    RoadWarriorVPN, Nov 13, 2012 IP
  7. asbestos

    asbestos Active Member

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    #7
    Too instabile ive quit it
     
    asbestos, Nov 13, 2012 IP
  8. Tj Nuff Said

    Tj Nuff Said Peon

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    #8
    If I ever understood bitcoin that well then I would use it, otherwise I don't feel safe at all using it.
     
    Tj Nuff Said, Nov 13, 2012 IP
  9. RoadWarriorVPN

    RoadWarriorVPN Member

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    #9
    Hi asbestos,

    too unstable? what was it that makes it too unstable to use? I'm new to the bitcoin concept does the value fluctuate a lot? I think one concern I would have is the exchange rate, how convertible is it?
     
    RoadWarriorVPN, Nov 14, 2012 IP
  10. terryops

    terryops Peon

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    #10
    No I won't accept it!
     
    terryops, Nov 16, 2012 IP
  11. RoadWarriorVPN

    RoadWarriorVPN Member

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    #11
    Hi terryops,

    Why won't you accept it?
     
    RoadWarriorVPN, Nov 17, 2012 IP
  12. sousen

    sousen Active Member

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    #12
    The world has enough problems already with money in one form, leading to greed, poverty, corruption, extortion and a wide gap between the "haves" and the "have-not"s in the "real" world. Are bitcoins going to help assuage any of these issues or are they just going to open another window for socio-economic unrest (including hackers and money launderers) So no way bitcoin for me!
     
    sousen, Nov 18, 2012 IP
  13. IG2010

    IG2010 Well-Known Member

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    #13
    Actually all payment processors who wants to grow up will have to drop bitcoin (Paxum for exemple) Bitcoin just like eGold in the past, is pure virtual money, dealing with that kind of funds is risky, very risky, so off course it could do the job and you could make some good cash but at the end, if you are not carefull you could loose much more than just a few bucks if you rely too much on it
     
    IG2010, Nov 18, 2012 IP
  14. tom11011

    tom11011 Well-Known Member

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    #14
    >>>if you are not carefull you could loose much more than just a few bucks if you rely too much on it

    What do you mean if you are not careful, how do you be more careful? How do you know if you are relying on it too much, how much should you rely on it?
     
    tom11011, Nov 18, 2012 IP
  15. nickberry

    nickberry Well-Known Member

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    #15
    I am working on setting up an opencart based ebook site that accepts bitcoins.
     
    nickberry, Nov 25, 2012 IP
  16. Andrew_H

    Andrew_H Peon

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    #16
    I accept Bitcoin as one of the payment options on my website via OKPAY and I'm pleased with this option. I would say that OKPAY is the most simple and user-friendly bitcoin processing service, Bitcoin processing fees are lowered to 2.5% for a deposit/payment and 1% for a withdrawal.
     
    Andrew_H, Jan 30, 2013 IP