Is bitcoin can be used as a method of payment online? - page 6.

cluit

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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?

These days the demands of BTC is increasing and many people are interested to use bitcoin for daily life.
Many merchants are accepting the bitcoins with even discounts. It is quite a safer and good to use BTC for the online payments. Because of this point, it should be the good method of online payment with comparatively less fee !

23dzmaz

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Yes, it is. Bitcoin can be used as a method for online payment like buying or selling something. It's same as paypal though, but with a low fee for each transcation.

wintermeasures

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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 guess it was not a big problem, because if the bitcoin price goes up or down we just adjust the price. Already there are many online stores that accept bitcoin as a means of payment. Thank you

xuan87

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Yes absolutely, this is one of the reason i used bitcoin so i can purchase things online and using bitcoin as a global currency, there are many stores starting to accept bitcoin, so bitcoin has already become one of the online payment method

Darwin02

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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 was accepted now world wide as new payment method.in my country I don't see any problem if it will accepted as a payment .first in my local wallet we already have two wallet bitcoin wallet and local currency wallet if you don't want the volatility of bitcoin you can send direct as a local currency.
And no need to convert it.

Cozynunu

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Offcourse can it be used for a paying method and that is what they want to introduce into the world you know. It is not
just something to invest into but you can do allot of other things with te bitcoin he can do everything .

Dwelach

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Off course that whas one of the first thing they want to do paying with bitcoins and there it is.
There are allot of people who can pay with bitcoins right now on the internet and that make some things quiet easy for others.

wadili89

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even with the very unpredictable price fall or rise still it is not effacting much to online businesses because bitcoin have demand people are ready to buy it all over the place like with daily exchange business get a exchange rate they get from their client so no loss

Enotche

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Of course! Some shops and services are already taking Bitcoin. You can pay for utility services, mobile phone bill (I used for this bot telegram) to make some purchases.
Here, you can see the place where Bitcoins take http://usebitcoins.info/

chineseprancing

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Some online shops are accepting now bitcoin as their payments. But some are now addopting bitcoin as payments.

Bitcoinbro

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Quote from: avikz on June 28, 2016, 02:14:35 AM

Bitcoin can certainly be used as a payment processor for any online website. But it has its pros and cons. The dynamic price of bitcoin is the main constraint to add bitcoin as a payment processor.

If the price goes up then the store owner will be making huge profit. But if the price goes down drastically, then the store owner needs to have a contingency plan to make up the losses incurred.

Also you need to have a benchmarking policy to decide the price of a product if bitcoin is offered as a payment option. Which is almost impossible for a small store owner. So I think we all should consider bitcoin as an alternate investment option instead of using it as a regular currency.

The price is not a big problem anymore. I know some big parties like bitpay offer real time conversation. With that you don't risky any currency volatility. It is the best way to accept bitcoin payments. Simply because it is risk free.

avikz

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Bitcoin can certainly be used as a payment processor for any online website. But it has its pros and cons. The dynamic price of bitcoin is the main constraint to add bitcoin as a payment processor.

If the price goes up then the store owner will be making huge profit. But if the price goes down drastically, then the store owner needs to have a contingency plan to make up the losses incurred.

Also you need to have a benchmarking policy to decide the price of a product if bitcoin is offered as a payment option. Which is almost impossible for a small store owner. So I think we all should consider bitcoin as an alternate investment option instead of using it as a regular currency.

shinratensei_

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Quote from: Farma on June 27, 2016, 01:19:18 PM

bitcoin has been very good for the means of payment, the transaction very quickly, I think would be an alternative bitcoin payments on the internet are very good, especially when everyone is already receiving bitcoin

transction is quick indeed but this will only happen on API which received bitcoin without waiting till it get confirmed,if you or your client need to wait atleast 2 confirmation,you'll have different opinion

Ryananda

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Quote from: btccashacc on June 27, 2016, 01:12:11 PM

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?

bitcoin is the simplest for paying things online, since you dont need to upload your identity and prove who you are, that makes bitcoin being popullar method of payment right now, about it's volatile i think there are some service like bitpay that can convert your bitcoin imidiately to fiat when you make a transaction, so i have any doubt that bitcoin can be used as payment method infact bitcoin belong to be method of payment.

I know of no such bitpay that can be used for direct transactions. Yes probably keep using the items and currency price we could buy with such applications.
This payment is very unique and interesting to be known in detail.

calkob

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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 online, but it really depends what you want to buy and from where, any currency can change and change dramatically, as we have seen in the wake of Brexit.

mobnepal

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It can be used or rather to say is being used, currently in use and will remain used in future too. If you really don't like to risk value of bitcoin over volatility there are lots of 3rd party payment partner to instantly convert what you get into fiat, one of the popular is bitpay you can use without paying any extra fee and start accepting bitcoin without risking price.

Vikingr

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You can notice that bitcoin is already being used as a payment system online from a few years and in this year it expanded much more, so in the future I am sure that it will be the only online payment system.

Maesters1-

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yes i think so. actually you can covert your flat currency in to bitcoin and then you can send it directly to the desire address and can also change the bitcoin in the required currency. so i it is the most easy method of payment online. you can also do the payment directly in bitcoin.

Farma

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bitcoin has been very good for the means of payment, the transaction very quickly, I think would be an alternative bitcoin payments on the internet are very good, especially when everyone is already receiving bitcoin

btccashacc

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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?

bitcoin is the simplest for paying things online, since you dont need to upload your identity and prove who you are, that makes bitcoin being popullar method of payment right now, about it's volatile i think there are some service like bitpay that can convert your bitcoin imidiately to fiat when you make a transaction, so i have any doubt that bitcoin can be used as payment method infact bitcoin belong to be method of payment.

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