Bitcoin Forum

Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?


Updated - Sep 7: Banksy getting into Crypto by buying Litra coin: http://newsexaminer.net/art/graffiti-artist-banksy-arrested-in-palestine-identity-revealed/ (http://newsexaminer.net/art/graffiti-artist-banksy-arrested-in-palestine-identity-revealed/)
 
Now that's what I am talking about, getting the average Joe to be interested, and make it easy for him to get into ICO.

Good question. Trying to figure that out as well.. On presale we were accepting only Ether.

For ICO want to accept BTC, ETH + cash.. What is the best way for that?

interesting,

did you want to change banking too?

if LakeBanker was successful, it may be accessed. I guess

Not possible, no card/payment processing offer this service yet.

I think most of the ICO would prefer to accept only Bitcoin or Ethereum for payment, and I personally don't think Paypal would work as an payment option for buying tokens during an ICO, because some investors could always dispute the payment on Paypal after getting the tokens they purchase.

But again, Filecoin was accepting cash! which we know how!

But for us, we are missing the chance of people who know about ICO, but they don't have btc /ether!

So why I want them to go buy btc, then come buy my token/coin?

Specially people who are investing $100 or less! Which is funny how many they are.

Well, for me there are other ways out there but I don't do sophisticated transfer and conversions so just use BTC or Eth for comfort and stress free.
And is there ICOs that rewards other than BTC or Eth?

During one ICO investors were offered to generate invoice for minimum 100 USD / 100 EUR for payment via any Bank (I suppose that minimum limit may be decreased to 50 USD / 50 EUR, depends on expenses of company).
Also additional feature for accepting most of cryptocurrencies is using ShapeShift service.

Cash yes, I found some ICO's accepting it but for card processing , you are correct, I did not not found any ICO accepting it. But mostly, all ICO's accepts cryptocurrency too.

You need to transfer money to one of the exchanges and buy bitcoin or ether  and invest in ico.

IDK, instead of these people doing porn ICO (Have you seen the ANN sex marketplace),
 someone should get us something like PayPal ICOs? Like PayPal for cash crypto vice verse!

I think that is not a good idea because if you use cash, you will reveal your ID to the site owners and the third party which is holding your money such as bank or paypal. And therefore, you have to be collected tax and your activity must be legal. In US or CHina, ICO is currently banned or controlled.

Anyone who can't invest with cryptocurrency probably doesn't understand the space well enough to invest at all...

Momento  ;D I know that one could pay with polybius with dollar and euro. with fiat it was possible
I paid at the time with euro. was no problem . it went very quickly. 2 days it was done
if I were dev then I would not accept paypal

BannerCoin ICO (BCOIN) allows credit card payments, but only from existing customers since they are trusted.

Wire transfers are accepted for the ICO as well. Regarding physical cash, it's unlikely people would travel to pay in actual cash.

BannerCoin.com (http://BannerCoin.com)

I think we can issue a token it With cash in exchange for the corresponding points, so that people through the points of consumption, you can give some concessions and incentives to provide people with the enthusiasm of the points, so that the currency flow up.

definitely, it's like they're investing into something they don't know and it's not right. if they are not able to use cryptocurrency at all, what the use then? owning cryptocurrency is like a proof that when the ICO just ended, they could move, or sell their cryptocurrency without the need of guidance.
ICO that didn't think about it need to consider this as a serious problem, not just gathering money.

There is a reason people don't use cash. First it's hard to get cash without the option of a chargeback. If people use their debit card or paypal they can get your coins and then file a fraud claim. Also there are higher fees in sending cash.

I think the best solution to accept the crypto as the main payment, remember some projects already faced the issue due to the bank account already got freeze by the bank institution. which that can be included in the illegal act.

It's because fiat deposits can be sued by government if they want it and lets leave the idea upon directly investing using some cash since ICO's now are preferring their desired alts so that they will not be caught by strict government liabilities. Thats why lets just deposit some alts like ETH and BTC if we want to participate on some ICO so that the hassle we can get will be less.

It would be really difficult for ICOs to accept fiat or money through credit/debit cards as it wouldn't retain the contributor's privacy and this is the main reason these ICOs will never push to accept cash. I've seen a few of them advising investors to convert fiat into Bitcoin/altcoins using lbtc/coinbase or other exchanges and then to pour that money into the ICO.

ussualy ico only support use bitcoin, ETH or crypyto curency
but few ico support paypal, sample shadow token, if use cash money, is nothing found ico selling use cash money

never received cash money from ico result, because as far as i know ico only support payment with cryptocurrency like ETH, bitcoin and many more. until now has never received

ico is part of Cryptocurrency. if the system is changed then there will be other parts that must change as well. ETH is so easy and Exchange is a lot in the market.  :)

I think you can't not use paypal to buy ICO token. People always use dispute to take back their money

Recently, almost ICO projects successful are using Ethereum platform for open crowdsale, other platform like Waves or Bitcoin really have problems if project we have invest to it cannot raised to soft cap.

All I am saying we are missing expanding ICOs by limiting it to BTC/ Ether payments, not all are freak about their ID, and this will double the market

Cash is not anonymous , that's not interesting , also that's why BTC and ETH are more popular in ICOs.

yes thats correct and accepting cash is definitely inappropriate for all cryptocurrency and ICOs.

Why it's inappropriate? I don't get that part!

Can try to use direct transfers using the vasa or mastercard, but in General I think that people who know and are not afraid to invest in ico possess at least a bitcoin ;D

That would require a master services banking license as you would be exchanging crypto for FIAT. Last I heard this is a good $300,000 bare minimum and requires a good amount of hoop jumping and inspection and such. Having that license and an additional bankroll would give you the ability to run an exchange.

You can just buy bitcoin or ether with your cash and then go for buying or ICO tokens. I don't understand why that is a very difficult question for you. Don't tell me you can't buy bitcoin or ether easily because that's the most easiest way to achieve the coin. You can buy it directly from any wallets which are web based and the transaction takes only one working day. Instead of that just earn some coins and go for ICO investment.  :D

I also feel confused why ico on average do not receive fiat money payments because not everyone has cryptocurrency but maybe they want to invest in a project they like, but if ico project accept fiat payment of course the value of crypto currency will be reduced.

If I accept it I am very happy but if ICO is finished but does not accept how, I do not understand ,, please give me the hint.

since ICOs is suppose to be a cryptocurrency advocate it should be process thru cryptocurrency transactions some ICOs accepting cash, paypal or credit card seems doubtful and inappropriate.

What's up all with the banksy here ? I mean don't find any relation with your question and the arrest of bansky in London. Please enlighten me with your thoughts.  Speaking about coinbase and other services I don't think it would be hard to use credit or debit cards for investing into ICO. If you can get your fiat currency converted to crypto currency which is nothing but the same way to invest money into ICO projects. Still trying to get clearer picture of what you want know here, whether to use credit cards directly to invest in ICO ? How can you do that if there exist know tech to transfer your coins into their blockchain smart contract. Instead you have option to go with your wallets and then do it other way around. Takes little time to do and easy to do I guess.

It's easy to teach people changing fiat to crypto, but it is so hard to launch an ICO with fiat

It's very ugly and not worth trusting it. Cloud mining has always been in ambiguity because if two things, the first one is do they really have hardwares that are working behind the scenes and generating profits for us. And secondly for how long would these cloud mining sites will actually keep going on so that we can reach our minimum goal which is roi. The calculators are just imaginary stuff they don't give us true projection of long term. They simply consider network difficulty which is of current time and they don't consider the changing network difficulty over the time. So obviously that's ridiculous to know profits from these calculators. Everything is ponzi in the cloud mining world.

The meaning of cryptoworld is refusal of the cash, so I think it's normal that ICOs work only with cryptocoins.

Can't really send fiat to a smart contract. ;)

Yeah still have to bend over backwards and effort to keep looking for a suitable place for coin storage like cryptocurrency that has many great opportunities to keep the coins safe from irresponsible people.

Thats totally true! Just trying to figure out how to do a mass adoption for COINS!

for me i think the most of the ICO would prefer to accept only ethereum and bitcoin for payment, and i don;t think that paypal would for for another method of payment option for buying tokens during an ICO, it is because some of the investors could always dispute the payment for paypal after getting the token they purchase