Your profit just increased with $500 without you having to lift a finger. 
In The Phase of Blow Off it happen not, and here is a proof.
Topic: Bitcoin sucks! - page 4. (Read 3271 times)
In The Phase of Blow Off it happen not, and here is a proof.
Sorry about hearing that. But if you hold at least some btc instead of just selling them off on the spot you should have some profit.
Probably that is what your costumers are doing: buying things when bitcoin is at its highest.
Yeah exactly, instead of selling instantly at a low rate why not wait a few days and sell and some higher price, that would surely make you extra profit. But if this is way merchants keep thinking about bitcoin, we won't see much merchants adopting BTC as a payment method. Probably that is what your costumers are doing: buying things when bitcoin is at its highest.
Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
It is obvious that you were going about it in the wrong way. Most merchants make use of Payment processors and these payment processors eliminate
the impact that a volatile Bitcoin price might have. I wonder what you would have said, if the price suddenly skyrocketed and you sold something for say,
$1000 and tomorrow that same amount of bitcoins was valued at $1500. Your profit just increased with $500 without you having to lift a finger.
These Payment processors are quick and eliminate most of the problems you might have... so use them.
Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
At some point, the price of Bitcoin will stabilize and this problem could go away. Remember that credit card companies charge merchants a fee for use, so they cost money as well. Another alternative is instead of exchanging all of the bitcoins for fiat, why not hold some and wait for it to gain value before exchanging? You maybe able to make profit on it if you can do that.
Volatility is indeed a problem for many merchants yet there are now ways to immediately convert your Bitcoin into fiat or cash not unless you also want to speculate that the value would go up later but turned out to be the other way around. Other shops who are accepting Bitcoin have the problem of low volume because for now not many are so willing to shop using Bitcoin yet...we are still being driven by speculation.
Anyway, this is one area which the Bitcoin community has to seriously look to if we want to make Bitcoin to function just like the other type of currencies already available. Unlike Paypal or even Payza which are based on more stable currencies, Bitcoin is functioning a little bit different.
Anyway, this is one area which the Bitcoin community has to seriously look to if we want to make Bitcoin to function just like the other type of currencies already available. Unlike Paypal or even Payza which are based on more stable currencies, Bitcoin is functioning a little bit different.
Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
What? That's how it ends when somebody treats Bitcoin like PayPal, thinking it's a payments system that will attract new customers and that's it. You were a fiat store and ultimately wanted only fiat. You weren't interested in Bitcoin and didn't do any research, you just wanted more clients and a quick buck and got an unpleasant surprise. Next time don't be so greedy Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
Hm... it would be fun if in a few years you would write that you lost hundreds or possibly thousands of dollars because you removed BTC acceptance. You know that Bitcoin could be worth a lot more in future?
Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
What? That's how it ends when somebody treats Bitcoin like PayPal, thinking it's a payments system that will attract new customers and that's it. You were a fiat store and ultimately wanted only fiat. You weren't interested in Bitcoin and didn't do any research, you just wanted more clients and a quick buck and got an unpleasant surprise. Next time don't be so greedy Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
the exchange rate is instant
What rate for BTC is in this moment, when at Bitfinex is 2,414.00?
Hi!
That's why you should bitpay or such a business when u want to receive $$$ and not Bitcoins
the exchange rate is instant, the customer pays with bitcoin and you get the $$ directly to your bank account, so you don't need to worry about exchange fees and such, and u dont need to worry about the price going down after u received the bitcoins.
That's why you should bitpay or such a business when u want to receive $$$ and not Bitcoins
the exchange rate is instant, the customer pays with bitcoin and you get the $$ directly to your bank account, so you don't need to worry about exchange fees and such, and u dont need to worry about the price going down after u received the bitcoins.
Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.
We have used Bitcoin as a payment gateway in our company for all the services we provide. We have used Bitpay for some months and later we have hired a professional trader and his job is to make us profit in the BTC we have acquired through the selling of our services. We will set targets and make the most of it. Its definitely better than Paypal.
their rates are clear
What they will send in this moment to Business owner, in at Bitfinex we have about $2405 for BTC1?
Why don't you just contact them
They have even a card, but showing the exchange rate not
.com/card
then BitPay converts the payment to your local currency for 1% flat fee
How they "convert" BTC compared to advcash or epayments?
Why don't you just contact them and ask them directly how they do that?
then BitPay converts the payment to your local currency for 1% flat fee
How they "convert" BTC compared to advcash or epayments?
You obviously haven't explored all the possibilities and ways of functioning before introducing the Bitcoin acceptance at first place, not to eksperiment. You had to be aware of all risks and how to cope with them and then decide what to do. Now if you abandon Bitcoin payments you will only disapoint your customers whose motive to visit your store was that you accept Bitcoins. No one has said that running a business is easy.
BitPay is not an exchange
BitPay is a exchanger, that send to You (Business Owner) $ if You like not BTC volatility.
They have internal exchange rate, and showing it not on the main page.
no they are not an exchange
read this to understand what it means: http://www.investopedia.com/terms/e/exchange.asp
BitPay could convert
How BitPay is better of other exchangers?
What is the actual Exchange rate there?
https://bitpay.com/tour
Your customers pay you in Bitcoin then BitPay converts the payment to your local currency for 1% flat fee. You get cash immediately (direct bank deposit) and you don't mess around with actual Bitcoins.
BitPay is not an exchange
BitPay is a exchanger, that send to You (Business Owner) $ if You like not BTC volatility.
They have internal exchange rate, and showing it not on the main page.
Sorry about hearing that. But if you hold at least some btc instead of just selling them off on the spot you should have some profit.
Probably that is what your costumers are doing: buying things when bitcoin is at its highest.
Probably that is what your costumers are doing: buying things when bitcoin is at its highest.
We accepted
Try to integrate some smart contracts reguarding BTC volatility to You local currency, if the volume of sales in BTC is rilevant.
BitPay could convert
How BitPay is better of other exchangers?What is the actual Exchange rate there?
BitPay is not an exchange, it is a payment processor for businesses, even big ones like Valve is using it on their gaming platform called Steam to accept bitcoin payments.
they have this option that the merchant can receive the fiat equivalent of what the users pay through BitPay. and the rates are according to average market price.
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