Topic: Anyone over here accepting Crypto as payment ?... (Read 283 times)

In my opinion, accepting Bitcoin as a payment for a service is not at all appropriate, precisely for the reason you mentioned - high fees. I personally tried accepting payments for a service in crypto, but the result was the same as yours, not a good idea.

Yes some of people accept crypto as payment, because it is also an investment.
Here in our country you can pay bills , hotel bookings, plane tickets etcs. using crypto.

I do accept crypto payments but not all the time. I do Web designing and I am giving them the option to pay using this technology but not a mandatory since I have observed that majority of my clients are still not into cryptocurrencies and I respect that. I could convert they fiat payments into crypto if I would want to so it is somewhat not a problem. There are institutions which are now accepting and paying their employees cryptocurrencies but are also optional. Both of these scenarios, I have mentioned 'optional'. That is simply the reality in which not all people will prefer to enter this industry if in the first place they are not really into it. I do share my point of view regarding this technology such as its advantages in which I do see. Well, who knows in the future, maybe they will have the initiative.

I don't think accepting Bitcoin to pay for services and goods is a very good idea, especially when it comes to small amounts of money. There is simply no point in paying fees, which can sometimes be higher than the amount transferred.

We accept Crypto as payment for investments on our platform https://crowdforangels.com. So if a company is raising money in GBP, an investor can use his ETH, BTC, Dash, etc as payment for the investment (£1,000 for X Eth)

We do this through a process of steps

1) The system automatically quotes the amount which the user intends to invest in a minimum of 5 cryptocurrencys (this uses live market data, with a small adjustment for costs)
2) The user then sends their chosen crypto and the exact amount to the payment gateway
3) After a number of confirmations on the network, the crypto is settled and then immediately converted into fiat (as the investment offering is quoted in fiat, we do not take exchange risk by holding cryptos. If a pitch was asking for a crypto, we do not necessarily need to convert)
4) The fiat is then withdrawn to a segregated client account
-- process complete--


We have used this process since 2017 and as an FCA regulated company, the blockchain works well for transparency. However, negatively refunds can be expensive and if the network is congested and the user has set a 'low' gas fee, for instance, the price quoted and the price actually exchange can be different.

In all honesty, I wish we did more crypto transactions and held crypto on account as well.

Andrew

If i would have own shop i will accept only LTC or other popular coins with low fees. BTC is too expensive

I prefer to be paid this day's by cryptocurrency. Though not all altcoin. Most times, I prefer stable coins. Since btc got to $40,000 and above I don't accept it anymore because of it's volitility.

Initially when I starting selling stuff on exchange for bitcoin, I usually recieve the fund in my personal wallet then I'll have to send them to the exchange if I wanted to exchange them for fiat to meet some daily needs, just as you have complained I got losses due to fees but after finding out it's ok to recieve the funds on exchange and exchange then to whatever coins (for lower fees) or fiats for withdrawal, the profits got secured.

Currently all my crypto related service fees are been received on exchange although I don't keep them there for long, this has nothing to do with my personal funds that are bought just for holding for the future. These are funds that'll likely be used for trading or reinvested into other businesses that it's in the cryptocurency space. You can make use of exchange and weigh the difference too.

In Croatia, a company has developed a very high-quality crypto payment application - paycek- https://paycek.io/?l=en
As far as I know, a lot of apartment renters, retailers and others already use this application that allows their users to pay for their services in crypto.
Users pay in crypto, the application directly converts crypto to fiat and service providers get local currency.
Everything is explained in detail on the website and this application contributes to the promotion of crypto payments in Croatia.

One good example would be social media services. I have seen lots of them who are accepting crypto payments and they are using either Coinbase or Coinpayments. In the Philippines, Coins PH also offers various services such as plane tickets, hotel bookings, game credits, etc., where Bitcoin is accepted as mode of payment.

I believe that there are not many payments using bitcoin and I agree with you, that those who have an online store that may accept bitcoin are of course very limited. usually one online store will be connected to another so that it looks a lot even though in one online shop only. it takes time to be able to all be connected and be able to accept bitcoin as a means of payment.

But for traditional shops I believe they still want to use fiat as a means of transaction and they are used to seeing real money and it can be calculated immediately, even though of course it is not practical especially in a pandemic like this fiat money is one of the triggers for transmission. it took time to get them to participate.

but there is good news that they are able to accept digital money issued by private parties in their own country, which might be the forerunner of the entry of bitcoin to replace it at the right time, at least to train them not to accept fiat money .

They have different stores online who are accepting the bitcoin as payment but not all because we are kn the adopting of this new digital payment and It takes more years for all the businesses online or even  traditional who is more less percentage to accept the bitcoin because they usually use fiat for the payment transaction they do on their business. We just remember that once a lot of business accept and adopt bitcoin we must expect the price will increase.

I really want to have an online shop that accepts Bitcoin payments, but until now it has not been realized because it is related to legality
in my country. Unfortunately my country only legalizes crypto as a digital asset, and prohibits using crypto for payments. But if we look
at the volatile crypto prices, It's best if someone wants to accept crypto payments, they should immediately convert them to fiat. In order
to avoid volatile markets, from several articles that I read, many merchants owners do this when receiving crypto payments. But as the opening
post said too, crypto transaction fees are quite large when used as payment. So it takes a lot of consideration to accept crypto payments.

We at https://enterprisewebcloud.com Enterprise Web Cloud accepts bitcoin for all our services. Website Design/Hosting and Digital Marketing

because crypto is an emerging thing and some merchants do, probably paypal will too soon and maybe amazon and ebay, i am accepting fiat for years now and i BELIEVE in the crypto market thats why id like to offer it as a payment, yes i already am on with blockonomics !...

thanks,

I used to buy/sell game and/or service accounts back in 2014 in some other forums. Was dealing with Minecraft accounts mostly, some time even others such as Netflix or Spotify. Was using Bitcoin back then because it's somewhat anonymous and all transactions were final.

Didn't want to use my Paypal account to avoid leaking any personal details. Plus, transactions can be reversed.

Depends on your location, but if I was to accept one. What would I do after receiving crypto? Convert them to my local currency specifically PHP in my country.
Now about the gas fees and stuff? Well there are 3rd party apps that helps me do that without waiting too much like Coins.ph. If you reside in the Philippines, you should know this app.
Going from BTC to USDT is indeed rough. I would just consider doing that in day trading.

don't get me wrong 'lol'...
in my country, there is a rule where cryptocurrency can only be used as an investment asset and cannot be used as a means to pay, and if it violates it will be imprisoned and fined. I have a family and I'm waiting for the right moment first to accept crypto payment.

Here in Canada , we have an online advertisment site , much like Criags List used to be .It's called Loelist.   Most of the Ladies advertising their services accept bit coin.  They lso have to pay Leolist in bitcoin fir their ad. I found this out last fall when I decided to sell my BTC, I bought them for $500.00 2 years ago ,and didn't pay attention to them when they didn't go up in value right away.
I heard on the radio they were becoming a bit more valuable and my $500 had risen to $750 if I cashed out.
I calculated how many visits to my favorite girl that would allow me.

I started looking for other things to buy with my BTC, but very few retail outlets were taking BTC.
I was about to book a visit with Alina, when the price started going up ,Wow, this was great . I had long ago written my investment off as a bad move , now things were getting interesting .
f that I kept watching as BTC grew in value ,until one day ,Jan 8 2021 ,at the top of that surge ,I traded my now $2200 in BTC credit with Alina .
I hardly used up much of my credit when BTC started leaping even higher . Alina was so happy I'd paid her in advance I started getting special consideration, . It evolved into a personal relationship ,and we now go skiing together ,and stay over at each others homes .
I lost out quite a bit by selling at what appeared the top oif the market, but Canadian 2200 soon became about $3200 id I'd held on. All in all , things worked out great . I don't have any more BTCm,but I'm not paying to date my girl anymore , it;'s all free . Yipee ! 

If everyone thought like you, probably no one would accept BTC as a means of payment. You as a seller need to offer as many payment options as possible, and crypto is just one of those options. Of course, it costs you nothing to explain to your potential customers what Bitcoin is and how they can use it to pay for what you sell - and in the end you can profit because someone might want to pay that way.

---

When paying online with BTC, there is no need for the transaction to be confirmed in the next block - and the standard transaction that will be confirmed in 6 blocks in the last few days ranges from $4-$8. There is no point in constantly spreading the half-truths that transactions cost as much as $50, anyone who knows what they are doing will pay at least 10 times less and will not wait too long to get first confirmation.

You should give more specific and detail with your question what do you wanna convert, if you wanna convert your cash money or USDT in PayPal because your country not support with cryptocurrency you can looking website convert where there are have way to change your fund USDT become altcoin which want do you want.

Actually there's a lot of stores who are accepting crypto as a mode of payment. I've read some article not so long ago that there's a coffee shop that are accepting bitcoin, litecoin, ethereum and XRP as a payment to their transactions. In online there's a lot of people and restaurants who are accepting bitcoin as a payment especially right now that the hype of bitcoin is clutter all over the world and maybe that is also a reason why people accept bitcoin and other crypto as a mode of payment by their customers. But still there are also some store who isn't accepting cryptocurrency and they want an fiat money to be done on their transactions.

I sell masks online but still don't accept crypto payments...
The majority of my customers don't understand what Bitcoin or crypto is, maybe when crypto is mass-adopted then I will start accepting payments with crypto.

Last year amidst the pandemic, I started offering a commissioned drawing service that accepts cryptocurrency and any other major altcoins here in bitcointalk. Fortunately, I was able to make ends meet and was able invest for digital drawing equipment as well. At this particular time, though, being exposed as a digital artist/ graphic designer in this community is the reason why I was able to employ myself as a graphic designer in a cryptocurrency publishing site that allows me to get paid in USDT.

Well, getting paid by offering a service is a lot different when you are selling stuff online. Selling stuff in the internet most likely requires an open source cryptocurrency payment processor for your e-commerce site.

I usually convert any other altcoins except ETH into bitcoin and hold it for long term to avoid any transaction fees, this is also my way to stack lots of sats. I only sell my crypto if ever I needed to buy something very important.

I guess it depends on the reason you are selling items. If you are selling for income, then maybe fiat is the best choice. If you are selling to boost your savings, then Bitcoin is by far and away the best choice in my opinion.

after a succesful sell of products and recieve the money from random strangers ill sanitize them first .
no just joking but if the purpose is for business only i am going to convert them asap in a stable cryptos or convert and cash out them but if your doing other than business say if you play crypto gambling it will be inconvinient for you to withdraw and take them back in a crypto form .
dont get discourage from the conversion fees but remember that you can loose more than what your going to pay for the fees if the coins dumped hard .

If this would be in terms of payment and if you can do it with cash then go for it, I always choose fiat over crypto as payment especially if that is possible because I do not want how long the transactions will finish before the confirmation and the transaction fees is also there if you will going to pay with bitcoin or altcoin.

I prefer Bitcoin as a payment method for domains, and I just move the coins into a holding wallet. I'm looking at setting up an on-line sales site to sell my stuff for Bitcoin, but it may be easier to quote prices in fiat, and just offer to accept Bitcoin as an alternative.

I think most merchants who accepts crypto or Bitcoin uses services that converts Bitcoin to USD immediately, that makes it viable. Others probably use third-party wallet apps (Like coins.ph and Abra) to receive Bitcoin or other crypto because the fees are either cheap or free. Anyway, are you going to make your own service that accepts Bitcoin as payment?

Using actual wallet to send or receive Bitcoin is not viable at all, at least for now.

Me I am selling my service on some online games posting it on facebook and so far I gain some customer who paid me through BTC.
And if I would ever start or open up a business I would gladly accept it as a payment option to promote it on my neighborhood.

emmm...you can't dodge gas fee at all. do you know how blockchain works? every transaction in crypto world will be recorded in blockchain and it's the miners responsible for transaction updating. they need gas fee as incentives. if there's someone accepting Crypto payment, either of you would certainly pay the gas fee

Since 2016 here actually, and my earliest payments actually happened outside of this forum, but largely thanks to the information and inspiration from here. I'll offer some notes from my experience, if it's helpful good.

1. I learnt from Bitcoin City in Arnhem that an incentive works. Shops and merchants there all offered attractive prices if you paid in crypto, usually even enough to cover costs plus get savings if people bought crypto to pay. I'm a freelancer, and getting existing clients to switch to Bitcoin from PayPal or bank transfer wasn't easy, but I started offering discounts on invoices if paid by crypto. Businesses love discounts.

2. Go P2P if it's legal in your country, start localbitcoins, it's the safest way with escrow and you get local currency at better prices, usually faster and cheaper than from exchanges.

3. I always invoice and sell as much as I need, and save portions in fiat, as much as possible in BTC. So I've never bought crypto! I earn, in effect, "buying" on dollar cost average. So it's been good for me =)

That is why there are payment processors for online merchants.
Of course, you still pay a small fee (that is, your customer pays) but you have no problems with transactions, conversions ...

If that's erc20 token payment, of course the person who wants to do a payment would shoulder the gas fees. Conversion fee is really high if you directly exchange on exchange like shapeshift, but with binance deposit of btc you can sell to usdt coin of its actual value.
Holding eth is also a secure idea, because if you're just wasting it on unknown tokens I don't think that's a smart idea. As price went so high gas fee would always matter, so always save your eth for future purpose

Try to go Service Discussion and Goods you might be able to see what you are looking for there. Those are under the Marketplace if you want to expand your search. There are a lot of suggestions on how to pay in crypto so I wouldn't recommend more but at the least, visit the links that I provided.

In my business, i accept BTC amd ETH for certain transactions. After i receive and confirm (you must confirm because people are dubious), i live them there in my wallet. This is to say that whatever transaction someone makes with me and offers to pay in crypto, i simply see it as an exchange of service with investment.

Yes, in this forum if you want to find something you need, everything on this forum will suit your needs and but you should also do your research, even if you think the forum is trustworthy.
and if it is not really needed it should be stored for a long time because it will be more profitable if stored for a long time.
but it all depends on the circumstances and your needs and rights to do bitcoin that you have, I personally prefer to store bitcoin rather than selling it because in the country where I live bitcoin is only allowed for investment or assets and should not be used and is not available for any payment transactions , and is strictly prohibited by my government and if I want to make a purchase, I have to convert it to fiat.

Taking into account that this is a bitcoin forum then it is a given that most of us accept bitcoin for whatever we have to offer, obviously not everyone has a service or product on the service section on the forum but it is very likely that anyone that does will accept bitcoin, personally if I had a service that accepted bitcoin on the forum I will not bother trying to convert to fiat or to stable coins, not only because of the fees but also because bitcoin is a way better alternative since if you can hold that bitcoin for long enough you will get more profits as well which is always nice.

FYI, I never use Bitcoin as payment because it is still not legal as payment in my country, only legal as a digital asset or commoity. Only get payment from this signature campaign 

However, after reading this, let's check:
Well for this it will depend on your goal, sometimes, you need to hold it or sometimes you need to cash out because of your real-life necessity. So, cashing out is probably wise enough.
However, if you don't need cash, for now, you can hold it or even make certain targets to a certain rate of the BTC. But of course, DYOR again whether the price of BTC may increase or down at that time or certain next period.
For me personally, I leave it in my segwit wallet and will move it to my local exchange after several weeks. yeah, it relates to the fee that is used to transfer the coin.

Wait, do you mean converting the BTC to USDT? Well, actually if you have converted to USDT in your initial exchange and they support the TRC20 network, you may use this (of course your addressed exchange must also support USDT TRC20). The fee is commonly very low (and sometimes it is 0 fee).
If you don't want to convert it to USDT you can check whether rin your initial exchange there are some other coins or not, it is to consider which coin to transfer to your local exchange, sometimes, there are several choices of the coin to transfer with a small fee. 

many places / markets to turn bitcoin into FIAT, it is not difficult to imagine you just enter the market for example binance or the like,

for service problems Blockchain technology is usually applied through the Smart City program, the integration of various information and communication technologies aims to increase efficiency, improve public services, and improve the welfare of the population.

Dubai is considered as one of the most developed cities in the world in implementing the Smart City concept. Local authorities continue to innovate exploring various innovative ideas to make Dubai the first blockchain-based metropolis in 2020. Apart from Dubai, many other big cities have started to express their desire to implement the Smart City concept

I quote from: https://bitocto.com/pelayanan-publik-ala-blockchain/
(sorry the source of the article is from my country's language)

In my country, crypto still cannot be accepted as a payment tool. So, I won't accept Bitcoin or altcoins to use as a payment tool since I will have a problem then with this activity. Maybe someday that our government will consider accepting Bitcoin or altcoin as the payment tool. They will evaluate laws to make Bitcoin or altcoins to use for payment tools.

If you were afraid of Bitcoin volatility why not accept FIAT directly instead when accepting payment.

Or if you are planning to build a shop online and want to stay accepting bitcoin but you afraid about the price drop?

There is one option that I think you can use if you want to accept bitcoin and directly convert it into fiat.
Check Blockonomics you can able to use their service for payment forwarding and directly convert it to fiat with uphold wallet.

Here read this page.
- https://www.blockonomics.co/merchants#/page1

Most merchants do make use of payment processors.

Ex.

Bitpay
Coinsgate
Coinpade

When it comes on talking about merchants accepting crypto payment then there are lots of
them already existing not only into this forum but in some physical stores as well.

Who accepts crpyto for services? If you take a look at the service board, you'll know that a lot of people are ready to offer services for crypto. I assume you're asking this based on the fee you've witnessed. Well, Bitcoin fees are high right now and that makes it a kind of no go area for me. So, here's my advice. If you want to hold Bitcoin, then receive Bitcoin and hodl along. If you want to make use of the payment for other purposes that isn't crypto, then receive payment in cryptos that has low fee (like Ethereum).

Hello,

Just wondering if anyone sells stuff online or offers services and accepts BTC or Altcoins as payment...

What steps you take after receiving your crypto ? u leave em there ? u cash out ASAP ? anyone converting to stable coins anymore (and which is the best) ?....

i tried converting my BTC to USDT BAD IDEA !! huge fees including conversion fees, gas fees, gas fees again to send to exchange...

How do you guys go about this whole thing ...?