Why don't popular micro/freelancers sites adopt bitcoin?

Hamphser

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Quote from: mindrust on February 17, 2022, 05:55:37 AM

Actually that would be the best use case for crypto. I do some freelancer jobs occasionally and I was wondering the same thing.

Maybe it is because the crypto transactions are irreversible and it makes the situation quite problematic when something goes wrong. I wish some big freelancer platform like upwork adopted crypto.

A bit complicated i shall say because there would be no appeal or disputes or something like that since its irreversible and this is the thing i do have in mind thats why

they arent really that adopting it fully or simply still on observing on what could be probably the case if they do tend to consider on adding it out on the business or platform.
For those freelancers who are aware of bitcoin then it would be a plus or good option but pretty much sure that they do still consider out on accepting fiat
in the end of the day.

TheGreatPython

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Quote from: mindrust on February 17, 2022, 05:55:37 AM

Actually that would be the best use case for crypto. I do some freelancer jobs occasionally and I was wondering the same thing.

Maybe it is because the crypto transactions are irreversible and it makes the situation quite problematic when something goes wrong. I wish some big freelancer platform like upwork adopted crypto.

On which sites you do freelancing jobs? If it is mostly from our forum I am sure that the employer is ready to pay you in cryptos or you can also demand the same because he was here in a crypto forum. Yes, crypto transactions are non reversible but an employer should not pay first but he must only pay the worker once the job is done and if he is sure that there will be no errors, in that way, no problems are going to be faced later on.

Some sites prefer to use the same payment method. We cannot forced them. If we want to get paid in cryptos, there are usually freelancing that is dedicated for crypto people. A little bit googling will show you what I mean.

leea-1334

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Quote from: leea-1334 on February 17, 2022, 02:30:41 AM

It usually takes trust of course time to build, but if you think about it,,, freelancers and employers who already complete one project have no more reason to hurt each other's reputation.

Fair point, it's less risky if both of them already complete a project. But it's not viable option for those who rarely need freelancer or rarely need freelancer with similar expertise/field.

Of course,,, I guess I was talking about companies like mine who always needs some small work regularly but not enough to hire a staff fulltime. It is a simple "who wins" game. You already do work together so you both won,,, and if you both like the relationship you continue at better convenience off site. Maybe Bitcoin payments end up better for the freelancer who skips the platform fees, and also gets to hold it if he chooses, especially in places not easy to buy Bitcoin.

mindrust

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Actually that would be the best use case for crypto. I do some freelancer jobs occasionally and I was wondering the same thing.

Maybe it is because the crypto transactions are irreversible and it makes the situation quite problematic when something goes wrong. I wish some big freelancer platform like upwork adopted crypto.

leea-1334

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Quote from: leea-1334 on February 16, 2022, 04:50:14 AM

Just remember, because a freelancer site does not accept Bitcoin does not mean the freelancers themselves do not

Almost every time I used to manage freelancers for my company from Fiverr,,, we would negotiate a separate term of payments later on once we finished the ongoing project. And always they are ready to accept a different mode of payment.

But how risky is it when you don't use escrow? There's always risk the client run away with finished goods or worker deliver low quality goods.

Always, but as I mentioned, the separate term of payment is only after finishing the original project. Then both sides know each other. You know the quality of the work, and you know the quality of the employer.

It usually takes trust of course time to build, but if you think about it,,, freelancers and employers who already complete one project have no more reason to hurt each other's reputation.

leea-1334

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Just remember, because a freelancer site does not accept Bitcoin does not mean the freelancers themselves do not

Almost every time I used to manage freelancers for my company from Fiverr,,, we would negotiate a separate term of payments later on once we finished the ongoing project. And always they are ready to accept a different mode of payment.

I guess for me the main thing is always Bitcoin price,,, you either solve it by fixing the BTC amount, or buying the BTC to pay close to invoice settlement. Either way it is a bit more inconvenient than fiat.

Stalker22

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Quote from: judeafante on February 12, 2022, 10:20:16 AM

We have many freelancers sites that accept Cryptocurrency I remember hiring one on https://www.banigig.com/, unfortunately, freelancers and userbase are small, big companies like Fiverr like to use Paypal because they want to protect their clients because of the chargeback and also to verify their users and freelancers, Fiverr three years ago accept Bitcoin I hired people to do writing job and always pay via Bitcoin

Yes, I remember Fiverr accepting Bitcoin for a while. Sadly, they stopped accepting it five years ago. I never found out the real reason why Fiverr made this decision. They explained it in business terms and said they had little interest in such a form of payment (which I could not believe), but I think something else was behind it. It is possible that they had difficulties due to the legislation at the time.

judeafante

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Quote from: uneng on January 25, 2022, 07:17:25 PM

Bitcoin is almost 14 years old, countries have already regulated it or passed laws considering it legal tender, each new day another ATM is settled somewhere in the world, the most influent men in the world confessed they own bitcoin or have interest for it, big companies have been going through the same path.

Unfortunatelly there isn't any bitcoin micro tasks site around with the same weight those mentioned sites have on the virtual environment...

In your opinion, why do these popular platforms act like this and completely ignore bitcoin? And why doesn't a platform of the same kind, but using bitcoin, is able to develop itself to compete against the big ones?

We have many freelancers sites that accept Cryptocurrency I remember hiring one on https://www.banigig.com/, unfortunately, freelancers and userbase are small, big companies like Fiverr like to use Paypal because they want to protect their clients because of the chargeback and also to verify their users and freelancers, Fiverr three years ago accept Bitcoin I hired people to do writing job and always pay via Bitcoin

Findingnemo

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Some of the popular sites are allowing bitcoin payments too so we can't say that all the sites completely ignored bitcoin but some of the micro sites you mentioned may think that they don't have enough users to build the environment so they are waiting to grow bigger before adopting it or due to the government regulations they don't want to make any issues for them.

Taskford

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For sure they know bitcoin but provably they are avoiding any issue towards using it since we know there are government agency will question this acceptance since this is not regulated to them, also many of freelancers and clients are not accepting this currency yet so this bitcoin insertion is not surprising to see if this is not added to them because majority will pick USD towards anything especially volatile e currency.

Accardo

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The reason for this can be traced down to double spending. It's rare though but it's possible if the person is an expert and have majority of the hashrate so such person can mine faster than others and would be able solve ahead of the confirmed transaction because he can rewrite the block chain. Why most of them also don't look into Bitcoin is for fair trading. Bitcoin price is volatile and the confirmation of a transaction can stay pending for a long time. Who will pay for the funds if it disappears because a buyer sent money to an address with the wrong network. If the price fluctuate on user's balance after Its been deposited how can such a thing be controlled. So there are many reasons why they should not accept bitcoin. Freelancers can accept bitcoin on their own outside of the freelancing platform. Bottom line, accepting Bitcoin will increase the number of payment complaints on the platform.

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Quote from: Captain Corporate on January 26, 2022, 06:49:19 PM

Fiverr has it, right? I mean thats what matters. As long as fiverr has it, then it is going to be used in the freelance work and you can pay however you want. I remember that you couldn't withdraw bitcoin, but you could pay with bitcoin, thats what they had at the time. Fiverr is bigger than most of them combined. Obviously nothing is a "fiverr" anymore due to inflation and increasing demand for higher pay, which is %100 understandable. However, the idea of fiverr was to get something done for cheap, nowadays you can see few thousand dollars worth of work there, its no longer a fiverr deal, its just straight up freelancer deal, so its no longer "micro" as you require.

Correction, it' not longer possible.

Yes, it was possible to pay at Fiverr with BTC but they stopped accepting this payment method at least 2 years ago. They said too few people were using it.

mk4

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Quote from: PX-Z on January 27, 2022, 12:12:34 AM

I remember fiverr accepts bitcoin using coinbase years ago but you can't withdraw bitcoin only paying, their reasons is coinbase convert it to usd once bitcoin payment is done.

They can do it again today IMO but regulations hinder it particularly for US people who are required to submit their personal info first.

As far as I know accepting BTC as payments is fairly safe regulatory wise if AML/KYC was a requirement in the first place. The only reason to not implement BTC payments(for regulatory reasons) is to prevent potential future regulatory-related problems.

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Quote from: uneng on January 25, 2022, 07:17:25 PM

However, online platforms which offer opportunities for freelancers, which could be the most benefited ones by adopting bitcoin on the practice seems to just ignore it. Sites like OneForma and ClickWorker don't care about improving their payment methods and actually, they are more than one decade late already. They keep forcing users to use Paypal or Payeer, which are terrible depending where you live, as these international payment services are forced to follow local regulations from countries where taxes are heavily imposed over their citizens, especially those who venture working online.

In my country, even PayPal and Payeer are not supported. Payoneer is the only option but only with virtual card and you can imagine how much fees it costs, and when you withdraw to your bank account it shouldn't exceed to $6000 per year. The majority of freelancers here (they are already not that great community) use bitcoin or other major altcoins USDT in specific.
Freelancing plantforms are all regulated within countries where cryptocurrencies are not yet supported. From another side, people looking for freelancer workers don't even know about bitcoin or aware to use it.

goinmerry

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Because freelancers themselves want mostly fiat for payments. Easy to use, no need converting, convenient, etc. If only there's a demand coming from them to the site to support adopting bitcoin, it might be considered. Most employers also still prefer fiat payment that's why even the freelancer site supports crypto-payment, if the employers don't prefer it, the main salary will be on fiat.

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There are some freelancers website that are accepting crypto but, they really are a dedicated crypto platform and marketplace. I get that unlike those existing freelancer websites and marketplaces, they're relying on the existing payment method, PayPal, Transferwise, Xoom and other payment methods that pays fiat. But as said, there could be a conflict on their business and regulations of their government where they're located and that's why they don't adopt it yet. I'm waiting for a freelancers website like freelancer.com or upwork to allow bitcoin payments for their users. But I think it will take time as I've read a question about the subject from someone there in the latter and answered that they're not just ready yet and they're not interested of adopting bitcoin, something like that.

stomachgrowls

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Quote from: dkbit98 on January 26, 2022, 11:39:52 AM

Quote from: uneng on January 25, 2022, 07:17:25 PM

In your opinion, why do these popular platforms act like this and completely ignore bitcoin? And why doesn't a platform of the same kind, but using bitcoin, is able to develop itself to compete against the big ones?

Biggest problems are with regulations in many countries and you can't have one rule for all in this case.
Second thing that is preventing more business to accept Bitcoin payments directly could be transaction fees that can sometimes be higher, and inability to revert transactions.
Easy solution for them would be using something like BTCPayServer and accepting LN payments, but I don't most of them will lever use this for selfish reasons.
If big tech ever accepts some method of crypto payments in global scales it will be one they create themselves, so they can control supply and turn accounts on/off.

Exactly and thats why we arent seeing adoption/recognition out of these freelancing sites.They would just create on their own possibly in near future and i do also agree with that fee issue.
Regulatory issues would really be that common or would be next in line whenever centralized services would be dealing with decentralized will really have that corresponding
possible issues or problems would be facing on.

This is why im not really that expecting much that time will come that these sites/companies would be accepting or adopt bitcoin but it would be good if they would be having that
reconsideration.

PX-Z

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Quote from: mk4 on January 26, 2022, 04:57:15 AM

Let's assume that even at the very least 5% of the technical people on Fiverr/UpWork are interested in Bitcoin payments. Yes, that may be a decent reason for these services to add bitcoin payments. But then again, it's not like these people would leave just because they didn't add(or they removed) bitcoin payments. It's likely to just be a no biggie factor for their users.

I remember fiverr accepts bitcoin using coinbase years ago but you can't withdraw bitcoin only paying, their reasons is coinbase convert it to usd once bitcoin payment is done.

They can do it again today IMO but regulations hinder it particularly for US people who are required to submit their personal info first.

Captain Corporate

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Fiverr has it, right? I mean thats what matters. As long as fiverr has it, then it is going to be used in the freelance work and you can pay however you want. I remember that you couldn't withdraw bitcoin, but you could pay with bitcoin, thats what they had at the time. Fiverr is bigger than most of them combined. Obviously nothing is a "fiverr" anymore due to inflation and increasing demand for higher pay, which is %100 understandable. However, the idea of fiverr was to get something done for cheap, nowadays you can see few thousand dollars worth of work there, its no longer a fiverr deal, its just straight up freelancer deal, so its no longer "micro" as you require.

The Cryptovator

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Don't expect much, it will take time. Today or tomorrow Bitcoin would be accepted everywhere. But for that, we need more solutions as well. Most freelancing platform works like a middleman. So they regulate everything and settle the payment. Here is Bitcoin volatility creating issues for those platforms based on fiat. Not every buyer or seller just wants to accept or receive payment in Bitcoin. Otherwise, there should be a p2p marketplace where buyers or seller could choose their payment methods accordingly, and the platform works as an escrow. On the other hand, a well-known centralized platform should follow regulations. It's not very easy that we are thinking. It's not all about interrogation payment gateway.

Topic: Why don't popular micro/freelancers sites adopt bitcoin? (Read 274 times)