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  Post #1 (permalink)   11-20-2015, 09:28 PM
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I have been looking into bitcoin a little and really don't know what the advantages or disadvantages are. I don't get a lot of requests for it but do do a lot of business in other countries.
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  Post #2 (permalink)   01-03-2016, 11:57 AM
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There is more advantages than disadvantages the main ones being low fees, ability to accept payments from any country and chargebacks are non-existant to my knowledge.

The big drawback is in some countries banks try and restrict bitcoins. For example if you use Bitpay and are from the UK you must make 1000 worth of funds before you can withdraw to your account. This is due to UK banks trying to put off businesses working with Bitcoins.
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  Post #3 (permalink)   01-04-2016, 03:12 AM
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Apart from the low fees, I doubt there is much you lose by not offering Bitcoin. Am yet to have my second client asking to use bitcoin to pay. May be its just me any our clients.
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  Post #4 (permalink)   01-04-2016, 05:22 AM
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I would say that Bitcoin is the safest mode of payment gateway for online payments.
 
 
 


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  Post #5 (permalink)   01-05-2016, 08:27 AM
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Quote:
Originally Posted by RH-Calvin View Post
I would say that Bitcoin is the safest mode of payment gateway for online payments.
Safe yes but isnt necessarily the best user friendly especially from lay clients
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  Post #6 (permalink)   01-06-2016, 09:02 AM
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I know of no "legit" business that insists on paying their vendors or service providers in Bitcoin
 
 
 


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  Post #7 (permalink)   01-08-2016, 02:37 AM
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I know of no "legit" business that insists on paying their vendors or service providers in Bitcoin
Me neither
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  Post #8 (permalink)   01-12-2016, 09:24 PM
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We maybe see 1-2% of our clients use Bitcoin. Meh, just another payment option.
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  Post #9 (permalink)   01-12-2016, 10:13 PM
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We maybe see 1-2% of our clients use Bitcoin. Meh, just another payment option.
Indeed most providers probably get Paypal/credit cards payments the most. But being more accessible does not hurt when it real viable option.
 
 
 


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  Post #10 (permalink)   01-13-2016, 03:45 AM
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Indeed most providers probably get Paypal/credit cards payments the most. But being more accessible does not hurt when it real viable option.
Problem with offering payment options that are not that used is you end up with one client who pays through it lets say $4 a month for shared hosting and the withdraw fees become very high because you have very little volume on that gateway
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  Post #11 (permalink)   01-13-2016, 09:14 AM
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Problem with offering payment options that are not that used is you end up with one client who pays through it lets say $4 a month for shared hosting and the withdraw fees become very high because you have very little volume on that gateway
In that case I would keep that gateway's balance as a "backup" funding solution. Then you need a "little boost" hey you got something right? With Bitcoins you could even get more in "real cash" value to get more than that $4. In fact that why a provider stated why they openly accept Bitcoins.
 
 
 


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  Post #12 (permalink)   01-13-2016, 12:01 PM
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Money is Money. Accept it however you can!

Just my two cents.
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  Post #13 (permalink)   01-13-2016, 12:07 PM
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Originally Posted by Harv45 View Post
In that case I would keep that gateway's balance as a "backup" funding solution. Then you need a "little boost" hey you got something right? With Bitcoins you could even get more in "real cash" value to get more than that $4. In fact that why a provider stated why they openly accept Bitcoins.
I am yet to find a data centre that accepts bit coin. Its still a tricky option for serious brands
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  Post #14 (permalink)   01-13-2016, 12:08 PM
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Originally Posted by coloAZ View Post
Money is Money. Accept it however you can!

Just my two cents.
Even when it costs you more to withdraw it?
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  Post #15 (permalink)   01-13-2016, 12:42 PM
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Even when it costs you more to withdraw it?
Our points being hey it still money. Would you rather get a little bit less or $0?
 
 
 
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