Study Shows Merchants That Accept Bitcoin Attract New ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and expanding your customer base, this presentation is for you!

Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and expanding your customer base, this presentation is for you! submitted by CryptoStrategies to btc [link] [comments]

Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and expanding your customer base, this presentation is for you!

Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and expanding your customer base, this presentation is for you! submitted by CryptoStrategies to Bitcoincash [link] [comments]

#crypto #bitcoincash #Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and expanding your customer base, this presentation is for you!

#crypto #bitcoincash #Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and expanding your customer base, this presentation is for you! submitted by nrposter to Cryptoandme [link] [comments]

A quick guide to accepting bitcoin as a small online merchant.

In the interests of helping encourage more merchants to accept Bitcoin I thought I would share a quick guide I wrote on my experience and success as a small online merchant accepting Bitcoins for a physical product.
My website is built on WordPress and the store is powered by WooCommerce so this tutorial will work with that foundation.
You will need:
WordPress, WooCommerce and the Bitcoin plugin used in this tutorial are all free.
Getting a Bitcoin address - I use a local exchange account to accept my Bitcoin deposits, then move them to my secure wallet. The online account provides a Bitcoin address to make deposits into. The Electrum Bitcoin client also provides a very secure, easy to use wallet and is actually recommended over using an online exchange.
Ok, getting to the install - In WordPress, click on Plugins, Add New, search for 'Bitcoin Payments for WooCommerce' then click install.
You can read more about the plugin on wordpress.org at http://wordpress.org/extend/plugins/bitcoin-payments-for-woocommerce/ and the author's website is http://www.bitcoinway.com/ Note: I am not the author and have no relationship other than having used the plugin and made a donation (in Bitcoins of course) to show my appreciation of their work.
Once you have the plugin installed, setup is very simple.
1) In the WordPress tool panel you will see a new entry 'Bitcoin'. Click on this and you are presented with the following options:
Bitcoin Payments for WooCommerce - enable 'soft (wordpress) cron job' Which will automatically update your order status when the Bitcoin payment has been received.
2) From the WordPress tool panel, Click on WooCommerce, Settings, Payment Gateways, Bitcoin
Bitcoin Payments for WooCommerce
I am using the Blockchain.info API to confirm the transactions but the Electrum option is faster and even more secure.
Save your settings and voila! you are now accepting Bitcoins as a merchant.
When a customer makes a purchase through Bitcoin, the order will post in WooCommerce and the Bitcoin plugin will mark it as 'pending payment'. In WooCommerce, open the order and scroll down, you will see a Bitcoin address. This is the address given to the customer to deposit their payment, it will change with each new order but will end up in your original account. Once the payment has been confirmed 6 times through blockchain.info the Bitcoin plugin will mark the order as 'paid'. You will also see the funds in your online account after it has confirmed 6 times (some online accounts may vary the number of confirmation, but 6 seems to be the standard).
If you would like to watch the payment being confirmed, you can simply go to www.blockchain.info and paste the payment address into the search box and you can see if the customer has made the payment and watch the confirmation count.
If you are selling a physical product, you can then ship the product. If you are selling a downloadable product, WooCommerce will send the customer their link to download once the payment has been confirmed and marked as 'paid' in the system.
Last but not least, did you notice there was no mention of processing fees? Accepting Bitcoin is free! You can incur fees switching back and forth from fiat currency, but the best thing to do is accept Bitcoins and then use them for things that you need to buy.
One additional note - In the interest of promoting Bitcoin as a currency, I offer a discount if people are buying with Bitcoin. You can easily do this using the exchange rate multiplier noted above. Example - if you wanted to offer a 20% discount you would enter.8 in the Exchange rate Multiplier field.
Another option is to use a coupon that only applies if you pay with Bitcoin. If you just create a regular coupon in WooCommerce, buyers could use it with any payment option.
To make this happen I use the plugin WooCommerce Payment Discounts. http://wordpress.org/extend/plugins/woocommerce-payment-discounts/
There has been a great deal of attention to Bitcoin daytrading and 'investing' in Bitcoins. Speculation is tough on any currency, especially an emerging one like Bitcoin. The best way to help support Bitcoin and foster solid growth is to accept and use Bitcoin as a currency - what it was meant for in the first place.
If you are a merchant looking to accept Bitcoin, feel free to ask any questions. I am new to this, but happy to share what I have learned. If you happen to see any glaring errors or have suggestions, please let me know as well.
submitted by ninjastik to Bitcoin [link] [comments]

Merchants and Backups

Hey guys,
So, adoption, physical merchants using POS systems with Lightning, today...
While it might be too soon, we all know there are online merchants accepting Bitcoin thru LN. The question I want to ask is how would you deal with backing up the funds/channels/implementation in case of db corruptions, power outage, SD problems (for whoever is using a Raspberry Pi, etc)?
In the case of LND, my understanding is that you can't backup your .lnd folder unless you stop the service as there is information stored in RAM that doesn't get written in wallet.db and channel.db until you stop the service.
If you backup your channel state backup file, you would recover your funds but channels would close as soon as you launch lnd.
I'm going to mention one option but would like to know others...
Cron jobs to stop lnd, backup lnd folder and restart lnd process....? How often would you consider doing this if you are accepting Bitcoin with LN in a physical merchant site, let's say a shoe or food store...? Is it even feasible for a merchant?
submitted by muhepd to lightningnetwork [link] [comments]

What is the benefit to an online merchant accepting Litecoin over Bitcoin?

If you’re processing online transactions does it really make a difference??
submitted by LostInDaSauce1 to litecoin [link] [comments]

Where can we spend bitcoins online? How to use bitcoins even if a merchant doesn't accept them? Bitcoin debit cards (Bitcoin Basics Podcast)

Where can we spend bitcoins online? How to use bitcoins even if a merchant doesn't accept them? Bitcoin debit cards (Bitcoin Basics Podcast) submitted by CoinCompassBTC to Bitcoin [link] [comments]

What is the benefit to an online merchant accepting Litecoin over Bitcoin?

submitted by vegasbooty to Cryptoandme [link] [comments]

"I would take my salary in Bitcoin if merchants accepted it." The way Bitcoin wins is if WE show demand for the merchants who ALREADY DO accept it. 10,000's of merchants accept Bitcoin, but we can't find them online. Screw another website tracking price. We need a website that facilitates trade.

If you think that this ecosystem is too big for you to make an impact, you're sadly mistaken. The guy who started Coinmarketcap.com was a college kid living in Brooklyn.
It's up to us to build the future. It's up to us to drive demand. Many merchants offer a discount for paying in Bitcoin - Fuck it, I'd gladly pay 5% more if you let me pay in Bitcoin.
Create a website. Make a little database search. Email merchants asking if they want to be listed.
Get popular, make a millino bucks no problem.
Microsoft was started in a garage. Coinmarketcap was started by a guy who bought a website domain sitting in his bedroom.
submitted by GabeNewell_ to Bitcoin [link] [comments]

Ask 30 (online) merchants: do you have plans to start accepting bitcoin?

3 days ago I send 30 different online merchants a simple email, asking them if they had plans to start accepting bitcoin. Some of them responded positive, others are going to look in to it and asked questions. I wanted to ask you to do the same. We should let them hear our voices, because this is probably the most effective way of increasing merchant apportion. Happy New Year!
submitted by kaibakker to Bitcoin [link] [comments]

List of Online Merchant Payment Processors & E-Commerce Solutions to Accept Bitcoin BCH TODAY!

List of Online Merchant Payment Processors & E-Commerce Solutions to Accept Bitcoin BCH TODAY! submitted by Egon_1 to btc [link] [comments]

Not the optimal way, but online merchants can accept Bitcoin Cash instantly via ShapeShift's Shifty Button

I haven't checked the % fees, but I assume close to rip off level.
https://info.shapeshift.io/tools/shifty-button
submitted by Egon_1 to btc [link] [comments]

PROS/CON accepting bitcoin for online merchant store

I need some pros & cons for accepting bitcoin for a merchant business. I know that bitcoin isn’t so popular in businesses just yet, but I want to stay ahead of the game since I own fractions for myself. Can anyone please me gather up bullet points.
submitted by gayala2 to Bitcoin [link] [comments]

PROS/CON accepting bitcoin for online merchant store /r/Bitcoin

PROS/CON accepting bitcoin for online merchant store /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Accepting bitcoin as an online merchant

Just began accepting bitcoin in a small capacity on my site justgotloud.com For what I do, mostly micro payments, bitcoin is a dream come true. Selling a single song, for .89 usd, I used to have .45 in fees, then of the net, I take 15% which leaves the artist about .38usd per song. With bitcoin, the fees are 0. I will also be able to adjust the splits to 90/10 as chargebacks are nonexistent. This is huge as I work with only indie bands.
Now for my questions...most bands want payment in fiat. I accept the tip or song payment on the artists behalf as bitcoin. Is it best to leave as btc or immediately convert? If I don't convert right away and value drips, I am on the hook. Anyone else accepting btc on behalf of others? Experiences, pitfalls, successes? Just looking to hit the ground running.
submitted by thegauntlet to Bitcoin [link] [comments]

Online wine merchant now accepting Bitcoin

Hi. I run a small CA-based wine startup called Winelandia and we just rolled out Bitcoin support. My shop specializes in small-production, artisan wines and ships throughout California. We offer discounted delivery options throughout SF and the Bay Area. Visit my online shop I hope to eventually also offer Dogecoin support, but the exchange I set up was recently shut down. Thanks for letting me plug my business here. Happy Bitcoining!
submitted by winelandia to Bitcoin [link] [comments]

03-21 21:22 - 'MakerDAO & Savvy: It’s time for online merchants to accept crypto at no fee' (self.Bitcoin) by /u/mark_at_wyre removed from /r/Bitcoin within 37-47min

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MakerDAO & Savvy: It’s time for online merchants to accept crypto at no fee
Go1dfish undelete link
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Author: mark_at_wyre
1: medi*m.*om/sa*v*io/m*kerdao-*avvy-***-*ime*for-*n*ine-*erc*ants-to-a*ce**-crypto-e3**c0f*d*a* 2: medium.co*/savvyi*/mak**dao*s**vy-i*s-**me-f*r*on*i*e-m*rchant*-to*accept*crypt*-*333c*f*dd*4]^*1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Coinbase Commerce enables online merchants worldwide to accept payments in Bitcoin, Bitcoin Cash, Ethereum, Litecoin; launches today with Shopify integration

Coinbase Commerce enables online merchants worldwide to accept payments in Bitcoin, Bitcoin Cash, Ethereum, Litecoin; launches today with Shopify integration submitted by allthingsvr to CryptoCurrency [link] [comments]

Do you know of any online merchants or store that only accept bitcoin?

This is part of a research project. Could you help?
submitted by AshleyHazey7 to Bitcoin [link] [comments]

Is there another solution for merchants who wish to keep BTC than; "A quick guide to accepting bitcoin as a small online merchant."?

Is there another solution for merchants who wish to keep BTC than; submitted by hope2btc to Bitcoin [link] [comments]

Any online merchants currently accepting bitcoin for merchandise - which payment system do you use?

I'm looking to integrate bitcoin as a payment method and found a list of payment processors here: https://en.bitcoin.it/wiki/List_of_payment_systems looking for any experienced vendors that may have used or are currently using any of these
I used to be up to speed about a year ago on bitcoin, but never on the merchant side of things. Any advise is appreciated.
submitted by Level_Up_Vapor to Bitcoin [link] [comments]

How do I begin accepting Bitcoins as an online merchant?

submitted by dunSHATmySelf to Bitcoin [link] [comments]

Merchants accepting Bitcoin laud ‘zero chargeback risks ... Unocoin Merchant Services offering Bitcoin payment gateway & retail POS systems WHO ACCEPTS BITCOIN AS PAYMENT  THE COMPANIES SHOPS & STORES Should You Accept Bitcoin? - Cameron Lee Accept Bitcoin donations in seconds [How to]

There are four main findings based on interviews with four merchants that accept bitcoin and other cryptos. First, up to 40% of customers that pay with crypto are new to the merchant. Nafa is an online store from India that sells online gift cards for popular merchants such as Flipkart, Bookmyshow, PVRCinemas to name a few. ... If you are an online or an offline business, you should start accepting Bitcoin. After all, cryptocurrencies also need a helping hand to thrive amongst the masses. Note: You can also use Spendabit to find places to buy most items with Bitcoin. Major Retailers Microsoft. Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014. They temporarily took a pause from accepting it due to the volatility and now again are accepting it strictly for the Xbox store credits.. Bill Gates has commented on Bitcoin many times saying things such as ... An American online travel agency, established in 1989 has started accepting Bitcoin through Coinbase and later on changed their payment processor to BTCPayServer. Gyft. Buy & send gift cards online for retailers like Amazon, Starbucks, and iTunes. The company accepts Bitcoin as payment without any additional fees. NewEgg Accepting Bitcoin Cash payments online. Outdo your online competition by giving your customers a better way to pay. Learn More. Accepting Bitcoin Cash payments in-store. Modernize your brick-and-mortar store by letting your customers pay with crypto. Learn More. Get the latest Bitcoin news in your inbox.

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Merchants accepting Bitcoin laud ‘zero chargeback risks ...

BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selecte... Cameron Lee shares his experience as an online merchant accepting Bitcoin payments for work across the globe. If you're a business owner interested in experiencing the future of money and ... Who accepts bitcoin as a valid payment? We look at the companies, shops & stores that are currently accepting bitcoin as payment. Here is the list of the companies accepting bitcoin as payment ... Unocoin brings you most secure bitcoin payment system for merchants. Bitcoin Stores, both offline & online can now enable their customers to shop with bitcoin. Start accepting bitcoin payments ... Egifter is one of my favorites because it helps you if you want to buy something from a online merchant who doesn't accept bitcoin ust yet. So your not locked in to only certain retailers when you ...

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