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  Post #16 (permalink)   01-20-2017, 07:05 AM
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What makes it a bad payment method for the provider. You still run a MaxMind against their IP address and phone number, so what does it matter they pay with BitCoin? They can't perform a charge back, so why misbehave and lose your money?
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  Post #17 (permalink)   01-20-2017, 07:35 AM
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Has people forgot about Liberty Reserve which was also a digital currency like Bitcoin.
This had a following and a few hosts offering it because of the 'no chargeback' ability.
This failed and ceased because it started to be highly used by scammers/fraudsters.
I can see Bitcoin eventually going the same way
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  Post #18 (permalink)   01-21-2017, 08:01 AM
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Bitcoin to me seem very shady and also that market seems unstable
 
 
 


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  Post #19 (permalink)   01-23-2017, 01:22 AM
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Quote:
Originally Posted by ughosting View Post
What makes it a bad payment method for the provider. You still run a MaxMind against their IP address and phone number, so what does it matter they pay with BitCoin? They can't perform a charge back, so why misbehave and lose your money?
Yes, you use MaxMInd, Fraudrecord checks, other verification methods, however sometimes they still go through and then you ask yourself if the money you get is worth all the trouble they cause.

We accept Bitcoin payments mainly because we can not that there is a must.
 
 
 


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  Post #20 (permalink)   01-23-2017, 03:42 AM
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Quote:
Originally Posted by hostens View Post
Yes, you use MaxMInd, Fraudrecord checks, other verification methods, however sometimes they still go through and then you ask yourself if the money you get is worth all the trouble they cause.
the thing is to not provide instant setups, so when an order comes through and if they get past the maxmind/fraudrecord checks then you can still carry out further checks before they actually get an invoice to pay.

Quote:
Originally Posted by hostens View Post
We accept Bitcoin payments mainly because we can not that there is a must.
That is the wrong mentality to have, just because a payment option is available does not mean you have to offer it.
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  Post #21 (permalink)   01-25-2017, 02:34 AM
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Originally Posted by easyhostmedia View Post
That is the wrong mentality to have, just because a payment option is available does not mean you have to offer it.
Yes, I agree. Probably I have incorrectly written my thoughts. What I meant is that Bitcoins are not the main payment method however we offer it because small count of client prefer it.
 
 
 


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  Post #22 (permalink)   02-07-2017, 04:04 AM
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We accept PayPal and Bitcoin. We do not allow illegal content of any kind. We have a few clients who use it, people who use bitcoin generally really appreciate it if it's offered. We had to cancel direct credit card transactions due to fraud, but paypal lets you pay with credit.
 
 
 


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  Post #23 (permalink)   02-07-2017, 09:53 AM
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I don't think it's a good payment method, but we always have to think in the client's need.
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  Post #24 (permalink)   02-07-2017, 10:11 AM
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Quote:
Originally Posted by Hostuto View Post
I don't think it's a good payment method, but we always have to think in the client's need.
Yes if clients suddenly ask for it then we will consider offering it
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  Post #25 (permalink)   02-11-2017, 06:17 AM
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Just thought I would come back and add an extra comment.

This past week I've had a lot of fraud attempts triggered, by people who want to pay my bitcoin. We've not had this before, so I hope it's not a growing trend.
Mainly people claiming to be from the US, but with African IPs.
Who knows why they want to claim to be American we have a good few African customers, and really don't care where our customers come from as long as they pay and don't harm anyone.
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  Post #26 (permalink)   02-11-2017, 07:01 AM
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Quote:
Originally Posted by ughosting View Post
Who knows why they want to claim to be American we have a good few African customers, and really don't care where our customers come from as long as they pay and don't harm anyone.
only they know why.

a few years back i used to sell PCs and Computer Inks and had a couple of customers in Africa with one of them having a store and purchased in bulk and always paid. 1 day i got an order for a PC from a guy in Africa and he passed all checks to be legitimate, the payment went through, so i ordered the PC which was delivered to me for me to send onto him.
I sent this off via a local courier who used UPS.
24 hrs later i get a call from bank to say the payment was fraudulent using a stolen card.
my though was i lost the PC, so i called the courier in the hope they could stop the delivery and return it.
i was lucky it was at sea, but not yet at destination, so it would be returned once it reached the port, but would cost me return costs.
so after a few days i got the PC back and managed to sell it again, but i still made a loss due to the delivery and return costs.
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  Post #27 (permalink)   02-13-2017, 06:27 PM
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I know some big companies are using bitcoin for payment, so I'm sure it's no worst/better then one paypal
 
 
 


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  Post #28 (permalink)   02-14-2017, 03:16 AM
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Quote:
Originally Posted by ikalf View Post
I know some big companies are using bitcoin for payment, so I'm sure it's no worst/better then one paypal
does not say one company is offering it then you have too, every business will have their own business plan etc.

as long as you offer

1) credit/debit card payment option
2) offline option like direct debit

this will cover most clients payments

options like

Paypal
Bitcoin

are secondary and provided only because clients request these.

personally if it was upto me i would not offer Paypal due to the many issues they have caused, but this is what clients want to use
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  Post #29 (permalink)   02-14-2017, 09:58 AM
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It does not. But some people here are connecting bitcoin with scams.
 
 
 


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  Post #30 (permalink)   02-15-2017, 10:28 AM
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You can use a payment processor that accepts all virtual currencies besides bitcoin. This give you the ability to be paid in every virtual currency your user might have. On top of that, you can convert to any virtual currency or withdraw to USD as fast as you receive the money. This means you will loose maximum 5% of the value, but you gain customers that would otherwise not buy from you. Think about it.
 
 
 
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