I have been toying with the idea to take bitcoins for a while, without ever actually doing it. After all, if people have money in hand, I would like to take it.
My main hurdle is the need to deliver software with a solution equivalent to Paypal IPN. So far the best pointer I found is https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses where several merchant services are listed.
I have no idea how many customers would buy at my sites because I accept bitcoin. But after all, anything is good that pleases customers, if it does not cost too much.
Until now I have taken Paypal but I am also exploring Amazon Payments, as a means to comfort customers in trusting my site. The more ways to accept payments the merrier.
All that to say, don't listen to psycho rigid commentaries posted below. Tons of opinionated people that not only do not answer your question, but visibly have no idea what a business is about.
I think Bitcoin is pretty much a SCAM.
Here is why:
1- For a currency to be actually a currency, Merchants need to be accepting it, Banks need to be accepting it, etc. HOWEVER 99.99% of Merchants do not accept Bitcoin, I do not know any Bank which will accept Bitcoin
2- Governments World Wide can at any time declare it totally illegal and unacceptable. And since NO Government is behind Bitcoin, then this will leave Bitcoin holders with ZERO
Merchants typically accept bitcoin because its zero to one percent transaction fee is smaller than the two to five percent credit card fee. It is definitely more profitable than accepting most major credit cards because with bitcoin you can start accepting once you download the application software for you company. It also allows you to sell internationally at a low cost, and it allows for one exchange rate across the world. I would suggest you stay away from other digital currencies unless you decide to use a service that will automatically trade them for BTC like shapeshift.io integration. Your only major worry should be the value assigned to your bitcoins when you exchange them for cash. They tend to fluctuate daily, and assigning a value to bitcoin depends on the exchange rate for your country of origin and your buyer’s country of origin. So when deciding if bitcoin is right for your small business, make sure you also decide if you will hold them or trade them for cash right away
I am involved with OneCoin not Bitcoin. But digital currency gives you the opportunity to pay each other direct without the middle man with their hands stuck out and charging you for the transaction. Also, get around the charge for using credit or debit card. The set up for OneCoin is simple. OneCoin is now setting up vendors all around the world to accept OneCoin as we have a goal to be public in 17 months. You can email me at firstname.lastname@example.org for more details.
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