Considering accept Bitcoins for services - recommendations?

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

1M is impressive.
Curious how they report it to government...(taxation purposes etc)

Kprawn

legendary

Activity: 1904

Merit: 1074

I would suggest BitPay {They have shown proof of attending to $1 000 000 single transactions for customers}

They doing a good job and they have a good track record in the community already. Grin

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: notlist3d on December 15, 2014, 06:20:20 PM

Quote from: MA3A on December 15, 2014, 05:24:21 PM

Peter,
Any cons or pros on mentioned services? (if you are using it of course)
Thanks

Pro's it will get you USD so you are not dealing with BTC up's and downs. Con if you sell all your coins for USD you lose a upside when bitcoin goes up.

I don't think there is a whole lot of con's. You can decide how much you want in cash or btc.

The pro is that makes taking bitcoin payment very easy.
You don't need to make your own bitcoin wallet, keep tracking the bitcoin price constantly, generate a new address and calculate the bitcoin required for every new order, and make backup of your wallet regularly. All these will be done by Coinbase or Bitpay or any other service providers.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: MA3A on December 15, 2014, 05:24:21 PM

Peter,
Any cons or pros on mentioned services? (if you are using it of course)
Thanks

Pro's it will get you USD so you are not dealing with BTC up's and downs. Con if you sell all your coins for USD you lose a upside when bitcoin goes up.

I don't think there is a whole lot of con's. You can decide how much you want in cash or btc.

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

Peter,
Any cons or pros on mentioned services? (if you are using it of course)
Thanks

Peter882

hero member

Activity: 543

Merit: 500

It is easiest to accept bitcoin through bitpay or coinbase as you won't need to worry about the ups and downs of bitcoin price. You can sign up for the free plan to test it first.

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

I have read about it, also one friend of mine is actually was saying about service that allows to overcome this problem basically "fixing" rate, not sure, how it works it has been a while since have talked.
Another crucial point is to be able to accept this type of payment on the go (talking about "SQUARE" like)
I have found a couple interesting articles but still researching... jeez-a-lot of reading...

https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses
http://theblogchain.com/accept-bitcoin-merchant-guide/

basically my search:
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=bitcoin+merchant+services+comparison

Wusolini

legendary

Activity: 1190

Merit: 1000

no need to carry heavy money bags anymore

Quote from: MA3A on December 10, 2014, 01:01:44 AM

Hello,
I am considering accepting bitcoin as payment for services (IT) and would like to hear any feedback from some one who already doing it and perhaps recommendation of any merchant service...
Googled up a few things but they want you to buy something the SELL... i would like to hear users feedback from particular platform or something.
On coinbase site it looks like it can be integrated in to a Intuit QUICKBOOKS... (?)

Any input is appreciated.

HI, thats a good idea.

I have experience from the other side (like customer) and can say its very convenient to pay using bitcoins. Only issue occur, when bitcoin price drop or rise suddenly and you havent agreed on exact value.
From this point its good to agree on the final price (either in BTC or in USD and then pay in BTC according actual ratio)

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

Hello,
I am considering accepting bitcoin as payment for services (IT) and would like to hear any feedback from some one who already doing it and perhaps recommendation of any merchant service...
Googled up a few things but they want you to buy something the SELL... i would like to hear users feedback from particular platform or something.
On coinbase site it looks like it can be integrated in to a Intuit QUICKBOOKS... (?)

Any input is appreciated.

Topic: Considering accept Bitcoins for services - recommendations? (Read 1074 times)