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Author Topic: Nice News about Bitcoin Addoption  (Read 1260 times)
Pab (OP)
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October 18, 2015, 09:51:23 PM
 #1

 I have found article in Cointelegraph

BitcoinPay has announced the launch of plugin for stores using the OpenCart Online Shopping Solution that allows integrating digital money payments into their e-commerce platforms.
That is really great,Merchants are free to choose to receive money in fiat or in bitcoin,easy integration,low fee

That is something what bitcoin needs to grow http://cointelegraph.com/news/115421/opencart-online-shops-welcome-bitcoin-payments

 
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October 18, 2015, 09:57:41 PM
 #2

It is a thrid party plugin. Does not seem to be a very secure way to accept bitcoin. But, it is good that people are at least trying out new things. Opportunity opens with exploration.

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October 18, 2015, 09:58:01 PM
 #3

...

Nice find!  The BTC universe needs more and more merchants to accept BTC.  Once we reach a "critical mass", then I think that we are all set (having BTC able to be used in MANY places).

What would be interesting to learn or know would be the total FEES levied on the merchants.  My understanding of credit cards is that it is 3%.  If paying by BTC is less than 3%, than that is a big step.
Pab (OP)
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October 18, 2015, 10:11:04 PM
 #4

...

Nice find!  The BTC universe needs more and more merchants to accept BTC.  Once we reach a "critical mass", then I think that we are all set (having BTC able to be used in MANY places).

What would be interesting to learn or know would be the total FEES levied on the merchants.  My understanding of credit cards is that it is 3%.  If paying by BTC is less than 3%, than that is a big step.
Marchant fee are posted in article

Bitcoin payments will include a 0.8% processing fee.
looks like we can expect more development from that company

 
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October 18, 2015, 10:15:59 PM
 #5

...

Nice find!  The BTC universe needs more and more merchants to accept BTC.  Once we reach a "critical mass", then I think that we are all set (having BTC able to be used in MANY places).

What would be interesting to learn or know would be the total FEES levied on the merchants.  My understanding of credit cards is that it is 3%.  If paying by BTC is less than 3%, than that is a big step.
Marchant fee are posted in article

Bitcoin payments will include a 0.8% processing fee.
looks like we can expect more development from that company


I read the article twice and still missed that!  And that second time I was looking for the cost.  Bwa ha.  Smiley

0.8% sounds pretty good.  If that is a true, inclusive (everything) & transparent number, I agree, there is much to look forward to.  Whether it is the merchants saving +/- 2% or the customers saving some too, that is a very good thing.
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October 18, 2015, 10:17:57 PM
Last edit: November 02, 2015, 10:56:55 AM by RyanLZ
 #6

low cost adoption is good。We need all kinds usage of bitcoin. Wide and general adoption can increase the value of bitcoin.
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October 19, 2015, 01:51:47 AM
 #7

...

Nice find!  The BTC universe needs more and more merchants to accept BTC.  Once we reach a "critical mass", then I think that we are all set (having BTC able to be used in MANY places).

What would be interesting to learn or know would be the total FEES levied on the merchants.  My understanding of credit cards is that it is 3%.  If paying by BTC is less than 3%, than that is a big step.
Marchant fee are posted in article

Bitcoin payments will include a 0.8% processing fee.
looks like we can expect more development from that company


I read the article twice and still missed that!  And that second time I was looking for the cost.  Bwa ha.  Smiley

0.8% sounds pretty good.  If that is a true, inclusive (everything) & transparent number, I agree, there is much to look forward to.  Whether it is the merchants saving +/- 2% or the customers saving some too, that is a very good thing.

In the USA credit card use is insured by the FDIC so there is value in using CC's that hasn't been addressed by bitcoin as of yet...lower fees are great but extra protection is pretty good too.
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October 19, 2015, 06:17:19 AM
 #8

CoinPayments.net already offers plugins for WordPress sites and other types of checkouts, and they accept Bitcoin as well as altcoins for 0.5%.

So unless you need OpenCart, it looks like CoinPayments.net is cheaper.

Buying At Retail and Restaurants - BarrCryptocurrency.com
christycalhoun
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October 19, 2015, 06:19:55 AM
 #9

Is there a service or self hosted script I could use to avoid paying any fees at all?

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October 19, 2015, 07:06:18 AM
 #10

...

Nice find!  The BTC universe needs more and more merchants to accept BTC.  Once we reach a "critical mass", then I think that we are all set (having BTC able to be used in MANY places).

What would be interesting to learn or know would be the total FEES levied on the merchants.  My understanding of credit cards is that it is 3%.  If paying by BTC is less than 3%, than that is a big step.
Marchant fee are posted in article

Bitcoin payments will include a 0.8% processing fee.
looks like we can expect more development from that company


I read the article twice and still missed that!  And that second time I was looking for the cost.  Bwa ha.  Smiley

0.8% sounds pretty good.  If that is a true, inclusive (everything) & transparent number, I agree, there is much to look forward to.  Whether it is the merchants saving +/- 2% or the customers saving some too, that is a very good thing.

In the USA credit card use is insured by the FDIC so there is value in using CC's that hasn't been addressed by bitcoin as of yet...lower fees are great but extra protection is pretty good too.

That shouldn't matter too much when you are buying from big reputable companies.

High rating on ebay/amazon, walmart, that kind of stuff you shouldn't need to worry about the ability for a charge back.

Any dubious website would be a different story ofcourse.
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October 19, 2015, 07:30:16 AM
 #11

If it saves Merchants money it's a no brainer.  The trust factor is what will bring them on board, if they see others using BTC without issues then this will build confidence.  Demand is a major factor also, if people ask them if they accept Bitcoin enough times they would be more likely to find out about it.
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October 19, 2015, 07:38:13 AM
Last edit: October 19, 2015, 01:44:25 PM by Amph
 #12

any news that do not impact anything on the price, is not a good news, i'm tired of useless good news, i'm waiting for real good news that can actually help bitcoin grow

only by elevating its price you can help bitcoin grow, you can't really think that bitcoin can go mainstream with 3B market cap...
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October 19, 2015, 10:23:23 AM
Last edit: November 02, 2015, 10:50:31 AM by RyanLZ
 #13

any news that do not impact anything on the price, is not a good news, i'm tired of useless good news, i'm waiting for real good nes that can actually help bitcoin grow

only by elevating its price you ca help bitcoin grow, you can't really thing that bitcoin can go mainstream with 3B market cap...

Step by step adoption is good for the long term. The bitcoin usage give the bitcoin value as a currency. When bitcoin is used more, the rice will rise.
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October 19, 2015, 10:35:33 AM
 #14

any news that do not impact anything on the price, is not a good news, i'm tired of useless good news, i'm waiting for real good nes that can actually help bitcoin grow

only by elevating its price you ca help bitcoin grow, you can't really thing that bitcoin can go mainstream with 3B market cap...

Step by step adoption is good for the long term.

It's not the news that matters, it's how fast a new use for Bitcoin catches on, or if it catches on. If people have a new way to start paying with Bitcoin at web stores, and they start using it then it will help Bitcoin grow. We often hear news of something that doesn't catch on, only after something has caught on does it help Bitcoin adoption.
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October 19, 2015, 10:57:30 AM
 #15

Nice to see someone made something that could increase bitcoin adoption Smiley

Even it's third party plugin, it's fee only 0.8% & they provide API for payment too.
Also, merchants can choose to keep bitcoin or trade for fiat with various options.
If they can get many merchants to use their service, i think they really can increase bitcoin adoption

FYI, over 400 merchants already use Bitcoinpay service. Check it here : https://bitcoinpay.com/en/merchants
There aren't any merchants around me, but maybe there's one around you

I'd like to see most web stores have a Bitcoin icon in their list of payment methods they accept. I'm tired of seeing the usual debit/credit card and Paypal options they provide. If this new Bitcoinpay service encourages them to stat accepting Bitcoin it could be the beginning of mass adoption. I hope the low fees makes them wake up and start accepting Bitcoin.
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October 19, 2015, 12:39:47 PM
 #16

any news that do not impact anything on the price, is not a good news, i'm tired of useless good news, i'm waiting for real good nes that can actually help bitcoin grow

only by elevating its price you ca help bitcoin grow, you can't really thing that bitcoin can go mainstream with 3B market cap...

I think very similar very often. There's lots of supposed 'good news' but it doesn't reflect in the price does it? Wake me up when we get some actual good news.

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October 19, 2015, 12:45:24 PM
 #17

That is really good thing to see about future of bitcoin, nice and will open way to use with freedom.
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October 19, 2015, 01:02:39 PM
 #18

the more merchtans the better of course. but we have to start spending more in order to make them see it is increasing their revenue.
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October 19, 2015, 01:09:32 PM
 #19

any news that do not impact anything on the price, is not a good news, i'm tired of useless good news, i'm waiting for real good nes that can actually help bitcoin grow

only by elevating its price you ca help bitcoin grow, you can't really thing that bitcoin can go mainstream with 3B market cap...

I'd take a good news about new usage of bitcoins that can boost the adoption to bitcoin being used in illegal operations such as asking online ransom, buying drugs etc. any day and this in long term might affect the price too, the easier it becomes for people to spend bitcoin the more they will prefer to buy and keep it for online usage because of it's convenience and low fees.

 

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October 19, 2015, 01:12:00 PM
 #20

CoinPayments.net already offers plugins for WordPress sites and other types of checkouts, and they accept Bitcoin as well as altcoins for 0.5%.

So unless you need OpenCart, it looks like CoinPayments.net is cheaper.

I agree, there's already a cheaper and better solution. But you're wrong about opencart, they're already supported by coinpayments plugins,
as well as WooCommerse,WHMCS,Zen Cart (info from their faq)

Seams like theres a lot of services struggling to get their cut of customers, i just hope their fee's will get lower than they are now, it's pretty high when you
compare it with bitcoin transaction fee's..
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