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Author Topic: Do only crypto payments cost customers?  (Read 311 times)
hugeblack
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July 23, 2020, 05:26:08 PM
Merited by o_e_l_e_o (2)
 #21

I don’t know why some comments talk about paying manually, it can be done automatically every month without having to pay manually.
Can you explain? What wallet are you using that lets you set up automatic, recurring, monthly payments? I suppose it is possible if you sign a bunch of transaction in advance and program your wallet to broadcast them at a later date, but it means locking up a UTXO for each month in advance.
Do you mean how to schedule a transaction to be sent in the future?
It is easy. You can prepare a script to check your balance (bitcoin-cli and RPC) and then send to Y address on a particular day or every month.

the new update of https://btcpayserver.org/ includes the refund service[1]. I haven't read how they did it, but you can try the service and if you don't like it, the money will be returned to you.

[1] https://blog.btcpayserver.org/btcpay-server-1-0-5-0
SFR10
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July 24, 2020, 12:49:46 PM
 #22

Suppose you have $1000 on your Paypal account and $1000 in Bitcoin and you would subscribe to the service for $10 a month. Would you prefer to pay in Paypal or Bitcoin (no matter what kind of service it is)?
I've already read everything and agree with some but mine is a bit different [I'm sure I'm not the only one]:

  • I usually go back and forth between two countries [prior to Corona] and regardless of having any funds on my PayPal account, I can't use it while being in one of them but that's not the case with BTCitcoin.
    - Depends on my location.

I would like to accept only crypto as a means of payment but I am not sure if most people would accept this.
I would also suggest offering both methods.

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bearexin
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July 31, 2020, 04:46:26 PM
 #23

I have an idea and I am thinking of developing a paid service out of it. I would like to accept only crypto as a means of payment but I am not sure if most people would accept this. Therefore I would like to do a short survey.

Suppose you have $1000 on your Paypal account and $1000 in Bitcoin and you would subscribe to the service for $10 a month. Would you prefer to pay in Paypal or Bitcoin (no matter what kind of service it is)?
Well, I would like to have both the payment methods at my disposal if I am a customer. I probably wouldn’t pay in Bitcoin if the market is in bear trend or having high volatility. But, if the market is blooming and at its peak, I would probably pay it Bitcoin as I would be wanting to sell it anyway. The other times, I would prefer a stable payment method with no price fluctuation and that would be paypal.

Paying by fiat currencies is always better than paying by an investment type currency or an asset. But of course, many people will also opt for the Bitcoin option considering the fact that if the platform is global, transaction fees are sometimes high for international transactions. In this case cryptos will be the most suitable choice.
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