Topic: Help me set up a merchant (Read 1163 times)
Until now I would have recommended localbitcoins which imo does get expensive with western union charges but coinvoice seems to be exactly what you need. I honestly never knew it existed. I am glad I read this thread...bookmarked
I do agree that there is a bit of a hurdle when entering bitcoin from cash. Unfortunately coinbase and bitpay don't offer the functionality you pose in your post. For someone to enter BTC they would need to go through the coinbase verification processes.
I think there is a company that offers a service that is specifically designed for this...I can't think of the name of it off the top of my head, but I remember thinking to myself how good of an idea it was when I was reading about it...
I do agree that there is a bit of a hurdle when entering bitcoin from cash. Unfortunately coinbase and bitpay don't offer the functionality you pose in your post. For someone to enter BTC they would need to go through the coinbase verification processes.
I think there is a company that offers a service that is specifically designed for this...I can't think of the name of it off the top of my head, but I remember thinking to myself how good of an idea it was when I was reading about it...
I do agree that there is a bit of a hurdle when entering bitcoin from cash. Unfortunately coinbase and bitpay don't offer the functionality you pose in your post. For someone to enter BTC they would need to go through the coinbase verification processes.
That is why localbitcoins is better and quicker.
For general BTC buying? Once you get verified for instant purchases on coinbase I would have to say that it is cheaper and more convenient than local BTC, although they both have their benefits.
Okay - how does this address the chargeback risk? What if the customer does a chargeback to Coinvoice? Is his BTC taken from him? Why would Coinvoice want to take all the chargeback risk? Seems like a bad business model for them.
Coinvoice takes on the chargeback risk in exchange for a 3% processing fee. In short: Whats the quick, seamless onramp for a one time payment from a random person (who has no Bitcoins) to a Bitcoin account holder?
He should set up a Coinvoice account. Then he'll be able to invoice customers in USD and receive the payments in BTC.The situation you describe is exactly the problem it was designed to solve.
https://coinvoice.com/
Okay - how does this address the chargeback risk? What if the customer does a chargeback to Coinvoice? Is his BTC taken from him? Why would Coinvoice want to take all the chargeback risk? Seems like a bad business model for them.
Edit: This doesn't address his concern. They dont accept credit card payments. Only wire, check, etc. He could expect this from people as well. Honestly I don't know why he doesn't.
pffft lol 
I JUST POSTED THAT! >_<
Yeah. I was editing my post when you posted that ^.
I JUST POSTED THAT! >_<
In short: Whats the quick, seamless onramp for a one time payment from a random person (who has no Bitcoins) to a Bitcoin account holder?
He should set up a Coinvoice account. Then he'll be able to invoice customers in USD and receive the payments in BTC.The situation you describe is exactly the problem it was designed to solve.
https://coinvoice.com/
Edit (missed Lethn's post)
I have no idea whether they are legitimate or not
They are legitimate. They are the company behind btcd and well-known programmers in the OpenBSD community.They do the minimum amount of KYC they must do, and really are intended for businesses (which don't have any privacy anyway) instead of home users.
As someone who has done their research I can tell you it's EXTREMELY difficult to have payments done from somebody wanting to pay in standard paper money, it may actually be easier in the long run for you to just switch to Bitcoin and demand everybody you deal with do the same, yes, that loses business, but in the long run there's no other option unless a company comes along and fixes this problem because I'd like to be able to do this for my Jewellery business as well.
I don't know about one time payments but the only thing I have been able to find is these guys https://coinvoice.com/ and I have no idea whether they are legitimate or not, they probably are because they demand a real business address to use but the only one I personally had was my home address and there's no way I'm going to let a company like that data farm me like that, Cryptocurrencies were invented because of exactly this kind of thing and people just aren't realising it yet.
I don't know about one time payments but the only thing I have been able to find is these guys https://coinvoice.com/ and I have no idea whether they are legitimate or not, they probably are because they demand a real business address to use but the only one I personally had was my home address and there's no way I'm going to let a company like that data farm me like that, Cryptocurrencies were invented because of exactly this kind of thing and people just aren't realising it yet.
if the puppy buyer is willing to pay buy bank transfer. just give them your bank details and you accept the dollars.
you will find that those that push for it to only be paypal or no deal at all.. you dont want those customers anyways because they are the scam artists.
you will find that those that push for it to only be paypal or no deal at all.. you dont want those customers anyways because they are the scam artists.
I do agree that there is a bit of a hurdle when entering bitcoin from cash. Unfortunately coinbase and bitpay don't offer the functionality you pose in your post. For someone to enter BTC they would need to go through the coinbase verification processes.
That is why localbitcoins is better and quicker.
For general BTC buying? Once you get verified for instant purchases on coinbase I would have to say that it is cheaper and more convenient than local BTC, although they both have their benefits.
I do agree that there is a bit of a hurdle when entering bitcoin from cash. Unfortunately coinbase and bitpay don't offer the functionality you pose in your post. For someone to enter BTC they would need to go through the coinbase verification processes.
That is why localbitcoins is better and quicker.
I do agree that there is a bit of a hurdle when entering bitcoin from cash. Unfortunately coinbase and bitpay don't offer the functionality you pose in your post. For someone to enter BTC they would need to go through the coinbase verification processes.
In short: Whats the quick, seamless onramp for a one time payment from a random person (who knows nothing about Bitcoin) to a Bitcoin account holder?
Okay I know BitPay, etc. Here's the situation though ...
1) Breeder of English Bulldogs in Ecuador (originally Miami but moved down there recently)
2) Ships puppies to the USA and regularly loses $4500+ because people do chargebacks on their credit cards.
3) Frothing at the mouth to simply tell people: "Go to this page and submit a payment to me in Bitcoin"
This isn't possible, is it?
What about with the new Coinbase page. Lets say he sets up coinbase.com/breeder989. Can he say "Go to this URL and pay me" ?
Will coinbase allow a quick, simple, direct payment to be sent from someone's bank account?
In short: Whats the quick, seamless onramp for a one time payment from a random person (who has no Bitcoins) to a Bitcoin account holder?
Does BitPay offer something?
This is supposed to be digital cash. So it should be like someone pulling a wad of $100's out of their pocket and sending it.
onramps and offramps: the achilles heel of Bitcoin.
Thanks for any advice.
Okay I know BitPay, etc. Here's the situation though ...
1) Breeder of English Bulldogs in Ecuador (originally Miami but moved down there recently)
2) Ships puppies to the USA and regularly loses $4500+ because people do chargebacks on their credit cards.
3) Frothing at the mouth to simply tell people: "Go to this page and submit a payment to me in Bitcoin"
This isn't possible, is it?
What about with the new Coinbase page. Lets say he sets up coinbase.com/breeder989. Can he say "Go to this URL and pay me" ?
Will coinbase allow a quick, simple, direct payment to be sent from someone's bank account?
In short: Whats the quick, seamless onramp for a one time payment from a random person (who has no Bitcoins) to a Bitcoin account holder?
Does BitPay offer something?
This is supposed to be digital cash. So it should be like someone pulling a wad of $100's out of their pocket and sending it.
onramps and offramps: the achilles heel of Bitcoin.
Thanks for any advice.
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