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Title: Bitcoin Book Purchases - What would you do? Post by: hjbuell on February 04, 2014, 02:21:43 PM I'm publishing my first book late spring if all goes as planned, and if not, then by the end of summer. I'm curious how people feel about using BTC for purchases like that, and if they would make direct purchases through my site for the eBook copy, prefer hard copies + shipping costs, or would rather just throw cash at something like Amazon.
Currently I was thinking of using https://bitpay.com/ on my site to facilitate sales, but then I noticed that one exchange shows BTC at something like $950, where BitPay was at least $100 lower, at something like $820 (I write 'almost' because I did not record the discrepancy - just made a mental note and moved on). So - anyone have any input on this and why it is? Obviously BitPay is doing a little underwriting in a volatile market - but charging 10% more for a book - or anything else really, seems like it would scare people off. Is there another payment method, or should I just accept direct payments from people? (add - I will probably use PayPal or something similar for my site - I was just curious about the BTC) Thanks. Title: Re: Bitcoin Book Purchases - What would you do? Post by: AltorXP on February 06, 2014, 03:38:22 AM I'm publishing my first book late spring if all goes as planned, and if not, then by the end of summer. I'm curious how people feel about using BTC for purchases like that, and if they would make direct purchases through my site for the eBook copy, prefer hard copies + shipping costs, or would rather just throw cash at something like Amazon. Currently I was thinking of using https://bitpay.com/ on my site to facilitate sales, but then I noticed that one exchange shows BTC at something like $950, where BitPay was at least $100 lower, at something like $820 (I write 'almost' because I did not record the discrepancy - just made a mental note and moved on). So - anyone have any input on this and why it is? Obviously BitPay is doing a little underwriting in a volatile market - but charging 10% more for a book - or anything else really, seems like it would scare people off. Is there another payment method, or should I just accept direct payments from people? (add - I will probably use PayPal or something similar for my site - I was just curious about the BTC) Thanks. MTGox is higher because everyone is forced to buy BTC to get their money out, which drives the price up. http://preev.com/ averages all the exchanges (excluding Gox) That price is accurate, at $813 now. It wouldn't scare anyone off, so BitPay is great for accepting BTC payments :) Title: Re: Bitcoin Book Purchases - What would you do? Post by: hjbuell on February 07, 2014, 11:02:31 AM Thanks much Altor! :)
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