Bitpay any insights? | Bitcointalksearch.org

Patatas

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Quote from: buwaytress on February 16, 2018, 03:17:37 PM

Quote from: Patatas on February 16, 2018, 02:44:46 PM

Quote from: supertolete on February 16, 2018, 10:53:10 AM

I stumble with bitpay. Anyone has experienced it? Pros? Cons?

Worst service ever.I had to use it once because my vendor wasn't accepting any other modes of accepting bitcoin payments and this was the worst 30 minutes I wasted doing a bitcoin transaction in my entire life.If you have a chance to avoid it,please do so.

Hey did I tell you bitpay doesn't give you an address you're suppose to send coins to ? Go ahead if you consider this as 'pros'.

Strangely enough, I've never encountered bitpay itself but yeah, I've now seen a lot of complaints regarding how you have to pay through an invoice instead of depositing to a Bitcoin address. I assume as OmegaSS posts above, a BIP70 wallet can extract the address? But I've read how difficult that's been. I've had to use others, most commonly Coinpayments, and back in 2016 Cubits a lot with casinos. I really don't like those that have a really short expiry time, and I understand Bitpay's invoice has that payment window as well.

Yes electrum works as well but wallets like blockchain.info don't.My point is,why would I process a bitcoin transaction when I have no idea what address I'm sending the coins to ? I don't want to rely on a service which wants to use another service just to make my transaction go through.

Quote from: RodeoX on February 16, 2018, 03:19:28 PM

For what its's worth I have used them dozens of times with no problem. Tony is a real business person with a serious company.

Does Tony have slightest clue about user experience ? Please tell Tony to think about it because clearly it doesn't look like Tony is serious about it.

BitMaxz

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Quote from: supertolete on February 16, 2018, 02:24:43 PM

@OmegaStarScream I was wondering about the "store all coins in one place" policy they have, and exchange services.
Anyway, I had second thoughts.
I believe its suicidal to have all your eggs in one place, mostly when we are talking about money. A lot of money.
Same feeling gave me this new ICO https://ico.savedroid.com/
They claim they will handle EVERYTHING in one place: Wallets, exchanger, etc. They just dont tell you how, or how secure it would be.
Either way they can offer me Pentagon security, and I will NEVER have everything in one place.
Besides that is just the definition of CENTRALIZE, and it defeats the whole crypto movement.

You don't need to be worry its not the same as ICO's well to me i am using this when i was selling and i wanted to be automated when selling services and products online the good thing here bitcoin payments could be directly to your bank account every business day base on their settlement page.. https://bitpay.com/docs/settlement
And mostly bitpay are use by many well known company.
And its easy to use and easy to launch on wordpress if you are planning to sell something in your wordpress blog you can just add their plugin and follow the instruction..
This is good for newbie seller or merchant..

RodeoX

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For what its's worth I have used them dozens of times with no problem. Tony is a real business person with a serious company.

buwaytress

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Quote from: Patatas on February 16, 2018, 02:44:46 PM

Quote from: supertolete on February 16, 2018, 10:53:10 AM

I stumble with bitpay. Anyone has experienced it? Pros? Cons?

Worst service ever.I had to use it once because my vendor wasn't accepting any other modes of accepting bitcoin payments and this was the worst 30 minutes I wasted doing a bitcoin transaction in my entire life.If you have a chance to avoid it,please do so.

Hey did I tell you bitpay doesn't give you an address you're suppose to send coins to ? Go ahead if you consider this as 'pros'.

Strangely enough, I've never encountered bitpay itself but yeah, I've now seen a lot of complaints regarding how you have to pay through an invoice instead of depositing to a Bitcoin address. I assume as OmegaSS posts above, a BIP70 wallet can extract the address? But I've read how difficult that's been. I've had to use others, most commonly Coinpayments, and back in 2016 Cubits a lot with casinos. I really don't like those that have a really short expiry time, and I understand Bitpay's invoice has that payment window as well.

Patatas

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Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: supertolete on February 16, 2018, 10:53:10 AM

I stumble with bitpay. Anyone has experienced it? Pros? Cons?

Worst service ever.I had to use it once because my vendor wasn't accepting any other modes of accepting bitcoin payments and this was the worst 30 minutes I wasted doing a bitcoin transaction in my entire life.If you have a chance to avoid it,please do so.

Hey did I tell you bitpay doesn't give you an address you're suppose to send coins to ? Go ahead if you consider this as 'pros'.

supertolete

newbie

Activity: 62

Merit: 0

@OmegaStarScream I was wondering about the "store all coins in one place" policy they have, and exchange services.
Anyway, I had second thoughts.
I believe its suicidal to have all your eggs in one place, mostly when we are talking about money. A lot of money.
Same feeling gave me this new ICO https://ico.savedroid.com/
They claim they will handle EVERYTHING in one place: Wallets, exchanger, etc. They just dont tell you how, or how secure it would be.
Either way they can offer me Pentagon security, and I will NEVER have everything in one place.
Besides that is just the definition of CENTRALIZE, and it defeats the whole crypto movement.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Bitpay offer multiple services so you need to be accurate. If you're referring to the main product which is their payment processor then I believe It's the best on the market. I never used it for accepting payments but I paid different services that use it and It's smooth. I don't like the new update though where you need to use a BIP70 compatible wallet to be able to pay easily.

supertolete

newbie

Activity: 62

Merit: 0

I stumble with bitpay. Anyone has experienced it? Pros? Cons?

Topic: Bitpay any insights? (Read 101 times)