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Author Topic: BTC Merchant Buttons on Stores vs Public Key  (Read 408 times)
BittBurger (OP)
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June 04, 2013, 05:23:45 PM
 #1

FYI to the Admins - I log in and log out quickly because I have other things to do.  I may not fulfill the 4 / 5 hour requirement for months...  Wish I could post this in the proper forum but I am only at 1 hour 43 minutes and can only post in the Newbies area. In any case.  My question is about using Coinbase and MTGOX merchant options.  Im a little frustrated because I doubt anyone browsing the Newbies forum is going to know the answer to this but ...

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Coinbase and MTGOX offer a button you can put on your online store.
This enables people to click and pay, assuming they have coins CURRENTLY stored on the coinbase or mtgox website.
One benefit of this button is that you can enter the USD dollar amount and it will always adjust how many bitcoins thats equal to in real-time.
So i enter $45 for the product and I dont need to worry about updating the BTC amount manually every 10 seconds.

What if people don't have their money stored on MTGOX or Coinbase?  Then they can't use the buttons, right?
So what if I put up my public key instead?  Theoretically I could receive money that way. 
But then the dynamic calculation of Dollars to BTC would not be there, right?
I just realized most people are going to have BTC but not so many are going to be customers of MTGOX/Coinbase, and even fewer are going to currently have their BTC stored online, on those websites.

Thoughts?

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June 04, 2013, 06:35:16 PM
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Why wouldn't customers be able to send bitcoins from their personal wallet to your Mt. Gox or Coinbase account?

I haven't checked recently but I believe the merchant is the only one who has to sign up to use these services.

Still around.
BittBurger (OP)
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June 05, 2013, 04:39:23 AM
 #3

When I click my coinbase button it says this:

"Clicking 'Pay' below will send $54.99 USD (0.45223776 BTC) from your Coinbase account."

But after looking at it 75 times I see a link below that saying "Send using a Bitcoin address"

I guess they intentionally don't make it the easiest to see, or most noticeable because they're hoping to get more people to sign up with coinbase.

Glad I can help them and possibly lose out on sales because customers may also not notice the second option.  :-/

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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