Is bitcoin can be used as a method of payment online? - page 5.

lister storm

hero member

Activity: 770

Merit: 500

Quote from: Hugroll on June 29, 2016, 08:25:46 AM

whaat? bitcoin is a cryptocurrency its main point is to be used online lol. what did u think bitcoin was?

whether bitcoin is a great form of currency in the digital world is a matter of opinion, but almost everyone including me on this forum will tell you that bitcoin is an amazing form of currency.

well people might argue what is the main purpose of bitcoin because it might be used for a lot of different things actually thus i think that the main point isnt to shop online only

bitcoin surely can be used as a payment method online to be honest but you also might use it in the real life if you shop in the shops that accept bitcoins, i think that its a really great thing

hypinggg

newbie

Activity: 7

Merit: 0

I think it actually can be used for online payments.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

What are you saying? There are already multiple sites/companise that have already adopted the use of bitcoin as payment.

Take Steam for example (because I know Steam is probably one of the most popular companies that has adopted
bitcoins). It is already accepting bitcoins to fund your steam wallet, by converting your bitcoins to cash at whatever's the value of bitcoin at the moment you send your coins.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: escrowboy on June 29, 2016, 09:56:19 AM

Quote from: Azael on June 29, 2016, 09:43:57 AM

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

Works smooth and fast if merchants accept 0 confirmation payments but then they also take on them the risk of fraud. Otherwise some 15 mins is the norm for a payment. I think as a payment it works well for low cost items as 0 confirmations can be accepted since the potential loss of payment is a very small amount. Coinbase does this.

Then we could discuss the volatility but that will be straightened out at some point. I don't have any two cents on when or why.

Well you have a good point. Confirmation will really be a problem once we have this online payment thru bitcoin but I think we can solve this by changing our confirmation time with higher fees, but it will make more cost on our end.

I also have 1-2 apps accepting bitcoin payments but they charge a lot and also require us to submit ID proof which I am not comfortable sharing if the app is a new one. Except gyft and purse, I don't feel we have the option to pay bitcoins on Amazon and Ebay or may have it in future.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

I was puzzled by your question and I had to check the date of your post. You know, bitcoin already is being used as a method of payment online, in a lot of sites and services. The dark market alone has a lot of people accepting it as payment. And so do a lot of merchants in legit sites. I think the real question is how far can bitcoin go as a method of payment online?

Kevin29

newbie

Activity: 28

Merit: 0

Yes yes yes like coins.ph

bitdoger

full member

Activity: 154

Merit: 100

Is bitcoin can be used as a method of payment online? yes it can there is many websites accepts BTC and one of them is car seller website in my country

escrowboy

full member

Activity: 154

Merit: 100

Quote from: Azael on June 29, 2016, 09:43:57 AM

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

Works smooth and fast if merchants accept 0 confirmation payments but then they also take on them the risk of fraud. Otherwise some 15 mins is the norm for a payment. I think as a payment it works well for low cost items as 0 confirmations can be accepted since the potential loss of payment is a very small amount. Coinbase does this.

Then we could discuss the volatility but that will be straightened out at some point. I don't have any two cents on when or why.

Well you have a good point. Confirmation will really be a problem once we have this online payment thru bitcoin but I think we can solve this by changing our confirmation time with higher fees, but it will make more cost on our end.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Already with some online stores its been added as a payment gateway. Limited number of stores can be found accepting bitcoin. Possibly when years pass the situation changes with more stores adding bitcoin as a payment gateway.

Azael

full member

Activity: 196

Merit: 100

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

Works smooth and fast if merchants accept 0 confirmation payments but then they also take on them the risk of fraud. Otherwise some 15 mins is the norm for a payment. I think as a payment it works well for low cost items as 0 confirmations can be accepted since the potential loss of payment is a very small amount. Coinbase does this.

Then we could discuss the volatility but that will be straightened out at some point. I don't have any two cents on when or why.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Tonnes of merchants use BTC as a form of payment, my business does and has for years, way before it was mainstream.

erikalui

legendary

Activity: 2632

Merit: 1094

It is used by online shopping portals but in my country, I know only of zebpay accepting bitcoins for buying gift cards, paying bills and recharging any mobile number. Zebpay must be buying and selling bitcoins for a profit and hence they might be able to afford it but it's very risky if you don't have a regular exchanger and need to trade independently due to the volatility.

kik1977

hero member

Activity: 593

Merit: 505

Wherever I may roam

Just to name one, Expedia accepts payments in bitcoin. Read here for the terms and conditions: http://www.expedia.com/Checkout/BitcoinTermsAndConditions

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

bitcoin is already being used as a method for online payments by many people. and it is only growing each day when a new service starts accepting bitcoin as payment. so the confusion of OP only means he has never checked any shop that accepts bitcoin.

escrowboy

full member

Activity: 154

Merit: 100

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

There's a big chance that bitcoin can be adopted by big merchants for allowing it to be an option of as a payment online. I see merchants doing it now, in fact here in our country we have 1 merchant that allow us to pay our bills, loads and gaming coins like garena shells thru bitcoin. It is really good to see merchants like this but beside of this good option we need to have strict verification of ourself like verifying our account thru passports, government ID and other things that are valuable for ourself.

bitcoin-hunter

sr. member

Activity: 364

Merit: 250

Quote from: Pursuer on June 27, 2016, 04:21:12 AM

Quote from: Ryananda on June 27, 2016, 03:11:31 AM

There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?

yes it can be used as an online payment method and it is being used as an online payment method already.
the biggest company that recently started accepting bitcoin was Valve (steam).

what these companies can do is that they mostly accept bitcoin through a payment processor service thingy like bitpay which then pays valve the money not bitcoin so they get their money while customers are paying bitcoin.

Off course bitcoin can be used as a payment method online only not every webshop is acceptin bitcoins right now that is because there are allot of new bitcoin users.
So the market of the bitcoin need to work also with bitcoins there are coming more shops witch accepting bitcoins,

Hugroll

hero member

Activity: 756

Merit: 500

whaat? bitcoin is a cryptocurrency its main point is to be used online lol. what did u think bitcoin was?

whether bitcoin is a great form of currency in the digital world is a matter of opinion, but almost everyone including me on this forum will tell you that bitcoin is an amazing form of currency.

emberbekas

legendary

Activity: 1904

Merit: 1000

Of course it can! Bitcoin can be and already use as an online payment. All we have to do is understanding how bitcoin transaction works. Sometimes the transaction can take a very long time to get one confirmation sometimes almost instan. Thats the only lack of bitcoin nowadays!

LuckGone100

member

Activity: 94

Merit: 10

Always Unlucky :P

lol why not.it has been using from long time tho.also there are some btc wallet they do it so clearly and doing continue with good manner.just ask google they give u correct result.

lienfaye

hero member

Activity: 3010

Merit: 629

Yes bitcoin can be use as online payment. currently in our country, local bitcoin wallet has a feature where you can use your bitcoin to pay your bills directly from your wallet and they also give a rebate in every transaction you made.

Topic: Is bitcoin can be used as a method of payment online? - page 5. (Read 4299 times)