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  Post #16 (permalink)   01-18-2018, 03:59 PM
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This also makes for some good reading

Digital currencies are in free fall after suggestions that trading could be banned

and why it is risky
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  Post #17 (permalink)   01-25-2018, 09:42 AM
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Quote:
Originally Posted by whmcsguru View Post
Accepting Bitcoin is risky. do you like just throwing your money away?

http://fortune.com/2017/05/27/bitcoin-price-drop/

https://smallbusiness.yahoo.com/advi...--finance.html

https://www.pymnts.com/blockchain/bi...rrency-bubble/

http://www.bbc.com/news/technology-26118002

https://www.bloomberg.com/news/artic...ill-make-money

If you still want to use bitcoin after reading those, I've got a bridge in the Nevada desert to sell you.

At least with (U.S. based) stocks, they're regulated. If something like this would have happened in the stock market, so many times, it'd be investigated.

Sadly with bitcoin, it's a plethora of problems, including anonymity and not being able to count on stability. Mock the USD stability all you want, but I've yet to be able to walk down to the bank and take out $1 , or have my actual $$ decrease in availability , or value (at the bank).
There are crypto/Bitcoin payment processors such as BitPay that will deposit payouts directly into your bank account, exchanging BTC for USD (for example) at the current rate. This mitigates the risks associated with a potential reduction in BTC value since the business does not need to hold any BTC.

Some prefer to receive payments in BTC as card processing fees are avoided.
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  Post #18 (permalink)   01-25-2018, 10:41 AM
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We accept bitcoin, but as the previous poster states, we effectively convert back to cash immediately, so the value of bitcoin isn't an issue.

i.e. $150 bill gets converted into and out of bitcoin, the transaction gets a mere second, so the fluctuation in currently is trivial.

Also, with no chargebacks possible, the only risk is treating a customer badly and getting bad press.
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  Post #19 (permalink)   01-25-2018, 11:12 AM
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Quote:
Originally Posted by Evolution Host View Post
There are crypto/Bitcoin payment processors such as BitPay that will deposit payouts directly into your bank account, exchanging BTC for USD (for example) at the current rate. This mitigates the risks associated with a potential reduction in BTC value since the business does not need to hold any BTC.

Some prefer to receive payments in BTC as card processing fees are avoided.
I tried getting support from BitPay but failed to their system. I needed to ask about accepting it and their tier system. But as they were unwilling to work with me I decided against accepting. At least until Blesta provide other more feasible options.

It's one thing to have requirements but if your unwilling to work out anything with regards to support then that's a different story.
 
 
 
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  Post #20 (permalink)   02-02-2018, 09:22 AM
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Quote:
Originally Posted by Harv45 View Post
It's one thing to have requirements but if your unwilling to work out anything with regards to support then that's a different story.
If you don't meet the requirements, then move on. Nobody's "required" to adjust their requirements to fit your wants and needs. That's just ridiculous.

Find another provider that's more suited towards you.
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  Post #21 (permalink)   02-02-2018, 10:36 AM
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Originally Posted by whmcsguru View Post
If you don't meet the requirements, then move on. Nobody's "required" to adjust their requirements to fit your wants and needs. That's just ridiculous.

Find another provider that's more suited towards you.
It's not that I necessary "don't want to" it more like their support is unwilling to assist me to the proper support channel.

Anyways I had heard that because of high BTC fees that they are now requiring invoices to be at least 100 USD.
 
 
 


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  Post #22 (permalink)   02-02-2018, 11:07 AM
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https://www.bloomberg.com/news/artic...sery-continues
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  Post #23 (permalink)   02-03-2018, 01:46 AM
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Stripe stop use it also https://stripe.com/blog/ending-bitcoin-support

I see FB banned them http://www.businessinsider.com/faceb...ico-ads-2018-1
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  Post #24 (permalink)   02-03-2018, 05:53 AM
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Quote:
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FB say it, but they wont do anything as they already have this ecommerce policy https://www.facebook.com/policies/commerce which they dont enforce
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  Post #25 (permalink)   02-03-2018, 07:26 PM
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They can and will enforce this if enough people get behind it and start contacting them. Just because they don't enforce certain parts doesn't mean they won't enforce others.

VC is on a downhill slide this year. If not this year, in the next few, it will be back to the nothing that it's true value is
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  Post #26 (permalink)   02-04-2018, 04:21 AM
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Quote:
Originally Posted by whmcsguru View Post
They can and will enforce this if enough people get behind it and start contacting them. Just because they don't enforce certain parts doesn't mean they won't enforce others.

VC is on a downhill slide this year. If not this year, in the next few, it will be back to the nothing that it's true value is
when you try and report anyone for breaching this policy https://www.facebook.com/policies/commerce all you get from them is

Quote:
Thank you for letting us know about this. We've looked over the post, and although it doesn't go against any of our specific Community Standards, you did the right thing by letting us know about it. We understand that it may still be offensive or distasteful to you, so we want to help you see less of things such as this in the future.
From the list above, you can block <users name> directly, or you may be able to unfriend or unfollow them. We also recommend visiting the Help Centre to learn more about how to control what you see in your News Feed. If you find that a person, group or Page consistently posts things that you don't want to see, you may want to limit how often you see their posts or remove them from your Facebook experience.
We know that these options may not apply to every situation, so please let us know if you see anything else that you think we should take a look at.
and no way to reply to them to tell them it has nothing to do with their community standards, but their ecommerce policy.

so they will not enforce this
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  Post #27 (permalink)   02-05-2018, 08:03 AM
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We are going through the removal of bitcoin.

Whilst we've not had any bitcoin issues, we have started to see more attempted fraud in the way or fake sign-ups, bogus addresses etc amongst those who want to use bitcoin.

So we are continuing it for existing customers, but not accepting it from new sign-ups.
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  Post #28 (permalink)   02-05-2018, 09:39 AM
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Originally Posted by ughosting View Post
We are going through the removal of bitcoin.

Whilst we've not had any bitcoin issues, we have started to see more attempted fraud in the way or fake sign-ups, bogus addresses etc amongst those who want to use bitcoin.

So we are continuing it for existing customers, but not accepting it from new sign-ups.
Why don't you enforce PROPER automated anti fraud software?? I am sorry but that's your issue not a bitcoin associated one.
 
 
 


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  Post #29 (permalink)   02-05-2018, 11:35 AM
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more bad news for Bitcoin

https://www.msn.com/en-ph/money/othe...rds/ar-BBIGwLa

Quote:
A GROWING NUMBER of big US credit-card issuers are deciding they don’t want to finance a falling knife.

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban Saturday, doesn’t want the credit risk associated with the transactions
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  Post #30 (permalink)   02-05-2018, 01:05 PM
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Well, it seems that 2018 is not the year for Bitcoin at all!
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