Pages:
Author

Topic: Accepting cash during ICO? - page 2. (Read 1541 times)

full member
Activity: 532
Merit: 100
September 06, 2017, 10:16:01 PM
#24
ico is part of Cryptocurrency. if the system is changed then there will be other parts that must change as well. ETH is so easy and Exchange is a lot in the market.  Smiley
sr. member
Activity: 434
Merit: 252
September 06, 2017, 10:02:23 PM
#23
never received cash money from ico result, because as far as i know ico only support payment with cryptocurrency like ETH, bitcoin and many more. until now has never received
sr. member
Activity: 518
Merit: 494
September 06, 2017, 09:44:23 PM
#22
Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?



ussualy ico only support use bitcoin, ETH or crypyto curency
but few ico support paypal, sample shadow token, if use cash money, is nothing found ico selling use cash money
sr. member
Activity: 602
Merit: 252
September 06, 2017, 09:24:26 PM
#21
It would be really difficult for ICOs to accept fiat or money through credit/debit cards as it wouldn't retain the contributor's privacy and this is the main reason these ICOs will never push to accept cash. I've seen a few of them advising investors to convert fiat into Bitcoin/altcoins using lbtc/coinbase or other exchanges and then to pour that money into the ICO.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
September 06, 2017, 09:20:38 PM
#20
Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?

I think the best solution to accept the crypto as the main payment, remember some projects already faced the issue due to the bank account already got freeze by the bank institution. which that can be included in the illegal act.

It's because fiat deposits can be sued by government if they want it and lets leave the idea upon directly investing using some cash since ICO's now are preferring their desired alts so that they will not be caught by strict government liabilities. Thats why lets just deposit some alts like ETH and BTC if we want to participate on some ICO so that the hassle we can get will be less.
sr. member
Activity: 537
Merit: 250
September 06, 2017, 09:06:10 PM
#19
Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?

I think the best solution to accept the crypto as the main payment, remember some projects already faced the issue due to the bank account already got freeze by the bank institution. which that can be included in the illegal act.
full member
Activity: 266
Merit: 101
September 06, 2017, 06:16:43 PM
#18
There is a reason people don't use cash. First it's hard to get cash without the option of a chargeback. If people use their debit card or paypal they can get your coins and then file a fraud claim. Also there are higher fees in sending cash.
hero member
Activity: 1540
Merit: 507
September 06, 2017, 05:59:31 PM
#17
Anyone who can't invest with cryptocurrency probably doesn't understand the space well enough to invest at all...
definitely, it's like they're investing into something they don't know and it's not right. if they are not able to use cryptocurrency at all, what the use then? owning cryptocurrency is like a proof that when the ICO just ended, they could move, or sell their cryptocurrency without the need of guidance.
ICO that didn't think about it need to consider this as a serious problem, not just gathering money.
member
Activity: 267
Merit: 10
September 06, 2017, 05:50:01 PM
#16
I think we can issue a token it With cash in exchange for the corresponding points, so that people through the points of consumption, you can give some concessions and incentives to provide people with the enthusiasm of the points, so that the currency flow up.
sr. member
Activity: 276
Merit: 250
September 06, 2017, 03:41:54 PM
#15
BannerCoin ICO (BCOIN) allows credit card payments, but only from existing customers since they are trusted.

Wire transfers are accepted for the ICO as well. Regarding physical cash, it's unlikely people would travel to pay in actual cash.

BannerCoin.com

full member
Activity: 462
Merit: 104
September 06, 2017, 12:30:12 PM
#14
Momento  Grin I know that one could pay with polybius with dollar and euro. with fiat it was possible
I paid at the time with euro. was no problem . it went very quickly. 2 days it was done
if I were dev then I would not accept paypal
newbie
Activity: 29
Merit: 0
September 06, 2017, 12:28:49 PM
#13
Anyone who can't invest with cryptocurrency probably doesn't understand the space well enough to invest at all...
full member
Activity: 218
Merit: 100
September 06, 2017, 12:24:40 PM
#12
I think that is not a good idea because if you use cash, you will reveal your ID to the site owners and the third party which is holding your money such as bank or paypal. And therefore, you have to be collected tax and your activity must be legal. In US or CHina, ICO is currently banned or controlled.
full member
Activity: 154
Merit: 106
September 06, 2017, 11:42:15 AM
#11
IDK, instead of these people doing porn ICO (Have you seen the ANN sex marketplace),
 someone should get us something like PayPal ICOs? Like PayPal for cash crypto vice verse!



full member
Activity: 322
Merit: 100
Deal Coin - P2P Lending Eco-system
September 06, 2017, 10:04:59 AM
#10
You need to transfer money to one of the exchanges and buy bitcoin or ether  and invest in ico.
sr. member
Activity: 1162
Merit: 450
September 06, 2017, 09:48:42 AM
#9
Not possible, no card/payment processing offer this service yet.

Cash yes, I found some ICO's accepting it but for card processing , you are correct, I did not not found any ICO accepting it. But mostly, all ICO's accepts cryptocurrency too.
sr. member
Activity: 444
Merit: 254
September 06, 2017, 09:38:54 AM
#8
During one ICO investors were offered to generate invoice for minimum 100 USD / 100 EUR for payment via any Bank (I suppose that minimum limit may be decreased to 50 USD / 50 EUR, depends on expenses of company).
Also additional feature for accepting most of cryptocurrencies is using ShapeShift service.
sr. member
Activity: 519
Merit: 250
September 06, 2017, 09:01:06 AM
#7
Well, for me there are other ways out there but I don't do sophisticated transfer and conversions so just use BTC or Eth for comfort and stress free.
And is there ICOs that rewards other than BTC or Eth?
full member
Activity: 154
Merit: 106
September 06, 2017, 08:11:11 AM
#6
But again, Filecoin was accepting cash! which we know how!

But for us, we are missing the chance of people who know about ICO, but they don't have btc /ether!

So why I want them to go buy btc, then come buy my token/coin?

Specially people who are investing $100 or less! Which is funny how many they are.
staff
Activity: 3220
Merit: 576
Join the world-leading crypto sportsbook NOW!
September 06, 2017, 05:28:25 AM
#5
I think most of the ICO would prefer to accept only Bitcoin or Ethereum for payment, and I personally don't think Paypal would work as an payment option for buying tokens during an ICO, because some investors could always dispute the payment on Paypal after getting the tokens they purchase.
Pages:
Jump to: