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Author Topic: For monthly subscriptions, bitcoin may be more appropriate.  (Read 1382 times)
hajimasan
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February 09, 2017, 12:39:08 PM
 #21

I would disagree because if the user make his wallet blank and leave bitcoin or if his country suddenly ban bitcoin the he would not be able to pay his bill for subscription. and at any time he could empty his wallet and run away. and then you couldn't complain to anyone about the situation because no court will be accepting those case related to bitcoin.
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staceyoh
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February 09, 2017, 01:03:53 PM
 #22

Yes monthly subscription
of bitcoin can be more
appropriate because people
who will pay using bitcoin
will no longer wait for the confirmation
of the transaction.
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February 09, 2017, 01:11:17 PM
 #23

Could work. Same with electric and water bills that needs payment. I think they will give you 15 days before you could clean up your bills. That is a lot of time for the transaction to be made. You will be in advance payment without hassle in going to long lines in their buildings or wait for your number to be called. Those that are charging their fees weekly or monthly could use this kind of service.

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megynacuna
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February 09, 2017, 01:35:26 PM
 #24

Bitcoin subscription processes can be used where required. Invoice payments, club memberships etc. Bitcoin in place can be used efficiently.
In such places, there is no need to wait for payment to be approved immediately. This will not be a problem until the payment is approved.

This is a brilliant idea because the turn Bitcoin transactions are taking are creating division between the rich and the poor and that trend can make Bitcoin unpopular so we need to have a way to bridge the gap and I think if we have a monthly subscription where we don't have to wait for confirmations it will be super appropriate.
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February 09, 2017, 02:42:30 PM
 #25

Yes monthly subscription
of bitcoin can be more
appropriate because people
who will pay using bitcoin
will no longer wait for the confirmation
of the transaction.
Not true when I subscribed to one of my favorite streamers in twitch I used bitcoin to pay but I didn't know if I put enough fee at that time because I didn't look up at the mempool if it was busy or not and placed like a small fee of 20k sat and had to wait for a confirmation before bitpay processed my subscription with twitch.

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machinek20
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February 09, 2017, 02:45:11 PM
 #26

That is actually a very great idea, the confirmation time is always the barrier to become a global payment, but if it is for monthly subcription it will be suitable, but the question is, the price is very volatile, will the owner or the user agree to used bitcoin because the price keep changing
LibreMan (OP)
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February 13, 2017, 03:05:35 AM
 #27

That is actually a very great idea, the confirmation time is always the barrier to become a global payment, but if it is for monthly subcription it will be suitable, but the question is, the price is very volatile, will the owner or the user agree to used bitcoin because the price keep changing

Yes the price of bitcoin is changing very fast. But it is not difficult to solve this problem. That is, certain arrangements can be made for payment transactions.
For example, the dollar amount to be paid is converted to btc. Then the person pays the monthly bill as btc.
The firm converts the BTC to the dollar. If this is done, the losses are reduced to a minimum.
positivezero
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February 13, 2017, 03:16:17 AM
 #28

For monthly subscriptions, bitcoin may be more appropriate? yes it is, especially in online subscription, you dont need to go out for some payment or something that are related for transactions. Bitcoin is easy and convenient to use since you can pay your monthly transactions staying in your house, after for how many seconds or minutes your transaction was done successfully, no time wasted, no hassle Smiley
darklus123
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February 13, 2017, 03:52:59 AM
 #29

This can really be possible if we just improve our mining process. IMO as of know it really needs a lot of improvement. Or if ever that this is not yet possible then I am pretty sure that there were other alternative ways to improve transactions.
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February 27, 2017, 05:12:04 AM
 #30

I pay for my hosting service on a monthly basis in bitcoins.

If I have a choice between a monthly service in bitcoins or fiat, I would choose the bitcoin option. Then I can cancel any time without the hassle.

Yes it is a payment system that is especially suitable for places that provide services such as hosting companies. If we think of doing all the operations online nowadays, the payment system with bitcoin is suitable for many places.

It can be a very affordable payment system even for monthly, yearly or even weekly subscriptions.
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February 28, 2017, 04:35:07 PM
 #31

Some of the sites already accepts bitcoin as a mode of payment. Some of the major VPN services accepts bitcoin for their subscription and with time more companies will be coming up with more offers .
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