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Title: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: MindOfMetalAndWheels on May 19, 2011, 07:26:18 AM I'm the sole operator of a small time management coaching business (http://timemanagement.cgpgrey.com/time-management-coach/) and I am considering accepting bitcoins for payment as a bit of an experiment.
Does anyone who has successfully accepted bitcoins for their own business have any advice or thoughts on aspects/complications I may not have considered? Thanks in advance. Edited to add: I've just added my eBook at 50% off on bitcoinservice.co.uk (http://www.bitcoinservice.co.uk/files/868) as a super-mini test, but I'm still curious about peoples' experiences selling more expensive services with this currency. Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: Cryptoman on May 19, 2011, 05:33:47 PM I ordered one of your eBooks. It looks like you made the download available immediately. You might wish to wait for 1-6 confirmations for higher-value transactions (you can use a sliding scale if you like). Other than that, there are really no risks. The person sending the irreversible Bitcoin payment bears pretty much all the risk.
Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: MoonShadow on May 19, 2011, 06:37:08 PM I ordered the ebook for .3 BTC, but the download didn't work for me. I just ended up with a screen full of garbage data that I couldn't save to disk.
Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: MindOfMetalAndWheels on May 21, 2011, 04:38:13 PM PM me your email, and I'll send it to you directly. Free of charge for your troubles and trying out the system.
Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: bearbones on May 21, 2011, 05:06:35 PM I'm the sole operator of a small time management coaching business (http://timemanagement.cgpgrey.com/time-management-coach/) and I am considering accepting bitcoins for payment as a bit of an experiment. Does anyone who has successfully accepted bitcoins for their own business have any advice or thoughts on aspects/complications I may not have considered? Thanks in advance. Edited to add: I've just added my eBook at 50% off on bitcoinservice.co.uk (http://www.bitcoinservice.co.uk/files/868) as a super-mini test, but I'm still curious about peoples' experiences selling more expensive services with this currency. My only advise is to minimize market exposure to your revenue stream. You may hold some BTC in reserve as an investment, but keep your cashflow in the currency it will be spent in. This can easily be accomplished by converting your bitcoins as soon as possible after acquisition. Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: MindOfMetalAndWheels on May 22, 2011, 10:17:16 AM Interesting. It seems a few people have had trouble with the site. (I hope I've emailed all of you a copy, if not, get in touch)
Has anyone had a successful experience with the site for other peoples' files? Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: graingert on May 22, 2011, 11:40:43 AM Would it be possible to make available the kindle ebook version but DRM free via Bitcoins?
As PDF is not that great for ebook readers. Title: Re: Considering accepting Bitcoins as payment. Anything I should know in advance? Post by: MindOfMetalAndWheels on May 22, 2011, 12:45:02 PM Would it be possible to make available the kindle ebook version but DRM free via Bitcoins? As PDF is not that great for ebook readers. Sure. Send me an email ( Grey@CGPGrey.com ) and we can work something out. |