Business topic about Bitcoins - GoFuckYourself.com

crockett · 12-02-2013, 07:32 AM

As if there wasn't enough topics already... Yet I haven't seen much about processing or accepting Bitcoins as payment.

So let's say I want to accept Bitcoins on a website or I want to sell a car and accept Bitcoins in person, how is it done? I don't see much talk about actually using them for day to day buying or selling, most talk revolves around their market value.

pinkz · 12-02-2013, 08:08 AM

so do high street stores accept bitcoins yet....... can i pay for my fuel with them?

rowan · 12-02-2013, 08:27 AM

For e-com: https://bitpay.com/

For private sales: https://www.localbitcoins.com/

nexcom28 · 12-02-2013, 09:12 AM

I think if you wanted to accept Bitcoin on your website Bitpay is the way to go, it seems the most popular although I think their are wordpress plugins available that do similar. Obviously security is an issue though.
If you have sold you car and wanted to accept payment in Bitcoin you would just send your key to the buyer and he could either transfer direct to your wallet or through an escrow service.

lyno · 12-02-2013, 09:55 AM

Quote:

Originally Posted by rowan

For e-com: https://bitpay.com/

For private sales: https://www.localbitcoins.com/

That + https://www.coinpayments.net/ for alternative coins.

.

Clark · 12-02-2013, 10:46 AM

I've had a conference call with the CEO of BitPay,(another non-US) processor, and one exchange founder. Accepting btc is amazingly simple, you/your site doesn't even need a "processor"(though they make it more convenient). The problem is that it is ridiculously hard to get btc in the first place. two choices right now (for US citizens)
- meet a stranger at a starbucks and hand them cash or deposit money directly into their bank acct. then they send you coin (localbitcoin)
- go through the 1-2 week process of setting up and exchange account, wire them your USD, and hope that this wasn't over a span like the recent couple weeks where the price blows up

both of these options take too long and are by normal person standards risky. The US's money xfer regulations have prevented a simple solution to this. It's the biggest hurdle

12-02-2013, 07:32 AM	#1
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Business topic about Bitcoins As if there wasn't enough topics already... Yet I haven't seen much about processing or accepting Bitcoins as payment. So let's say I want to accept Bitcoins on a website or I want to sell a car and accept Bitcoins in person, how is it done? I don't see much talk about actually using them for day to day buying or selling, most talk revolves around their market value. Last edited by crockett; 12-02-2013 at 07:33 AM..

12-02-2013, 08:08 AM	#2
pinkz Mr 1% Industry Role: Join Date: May 2005 Location: Nomad Posts: 1,397	so do high street stores accept bitcoins yet....... can i pay for my fuel with them? __________________ $$$$ Video Secrets $$$$

12-02-2013, 10:46 AM	#6
Clark Confirmed User Industry Role: Join Date: Feb 2003 Location: L.A. Posts: 334	I've had a conference call with the CEO of BitPay,(another non-US) processor, and one exchange founder. Accepting btc is amazingly simple, you/your site doesn't even need a "processor"(though they make it more convenient). The problem is that it is ridiculously hard to get btc in the first place. two choices right now (for US citizens) - meet a stranger at a starbucks and hand them cash or deposit money directly into their bank acct. then they send you coin (localbitcoin) - go through the 1-2 week process of setting up and exchange account, wire them your USD, and hope that this wasn't over a span like the recent couple weeks where the price blows up both of these options take too long and are by normal person standards risky. The US's money xfer regulations have prevented a simple solution to this. It's the biggest hurdle __________________ The 2 rules for success: 1. Never reveal everything you know 2.

12-02-2013, 08:27 AM	#3
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	For e-com: https://bitpay.com/ For private sales: https://www.localbitcoins.com/

12-02-2013, 09:12 AM	#4
nexcom28 So Fucking Banned Join Date: Jan 2005 Posts: 3,716	I think if you wanted to accept Bitcoin on your website Bitpay is the way to go, it seems the most popular although I think their are wordpress plugins available that do similar. Obviously security is an issue though. If you have sold you car and wanted to accept payment in Bitcoin you would just send your key to the buyer and he could either transfer direct to your wallet or through an escrow service.