Bitcoin sucks!

[HarryFlashman]

Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.

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[Amph]

usually the auto conversion is fast enough to avoid losing  money and with the current Bitcoin swings you should not lose much

also you must consider the time where you sell when the value go high I'm sure you would be + ev there

anyway if we're a business i would hold to squeeze as much as possible from my revenue,  selling now in a uptrend market is stupid

[Wendigo]

I have heard that BitPay could convert between BTC and local money on the spot. Have you tried it yet before completely abandoning Bitcoin?

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BitPay could convert

How BitPay is better of other exchangers?
What is the actual Exchange rate there?

[Raize]

I don't understand how you could lose money doing this?

EDIT: Oh, you instantly transfer and sell on an exchange. There are services that will cash your coin out for you and take the hit so you don't have to.

[BTCLovingDude]

BitPay could convert

How BitPay is better of other exchangers?
What is the actual Exchange rate there?

BitPay is not an exchange, it is a payment processor for businesses, even big ones like Valve is using it on their gaming platform called Steam to accept bitcoin payments.
they have this option that the merchant can receive the fiat equivalent of what the users pay through BitPay. and the rates are according to average market price.

[Sex Video Chat VKcams.com]

We accepted

Try to integrate some smart contracts reguarding BTC volatility to You local currency, if the volume of sales in BTC is rilevant.

[maokoto]

Sorry about hearing that. But if you hold at least some btc instead of just selling them off on the spot you should have some profit.

Probably that is what your costumers are doing: buying things when bitcoin is at its highest.

[Sex Video Chat VKcams.com]

BitPay is not an exchange

BitPay is a exchanger, that send to You (Business Owner) $ if You like not BTC volatility.
They have internal exchange rate, and showing it not on the main page.

[Wendigo]

BitPay could convert

How BitPay is better of other exchangers?
What is the actual Exchange rate there?

https://bitpay.com/tour

Your customers pay you in Bitcoin then BitPay converts the payment to your local currency for 1% flat fee. You get cash immediately (direct bank deposit) and you don't mess around with actual Bitcoins.

[BTCLovingDude]

BitPay is not an exchange

BitPay is a exchanger, that send to You (Business Owner) $ if You like not BTC volatility.
They have internal exchange rate, and showing it not on the main page.

no they are not an exchanger you are confused about the meaning of the word. and their rates are clear and transparent for those who are using them.
read this to understand what it means: http://www.investopedia.com/terms/e/exchange.asp

[bitbunnny]

You obviously haven't explored all the possibilities and ways of functioning before introducing the Bitcoin acceptance at first place, not to eksperiment. You had to be aware of all risks and how to cope with them and then decide what to do. Now if you abandon Bitcoin payments you will only disapoint your customers whose motive to visit your store was that you accept Bitcoins. No one has said that running a business is easy.

[Sex Video Chat VKcams.com]

then BitPay converts the payment to your local currency for 1% flat fee

How they "convert" BTC compared to advcash or epayments?

[Wendigo]

then BitPay converts the payment to your local currency for 1% flat fee

How they "convert" BTC compared to advcash or epayments?

Why don't you just contact them and ask them directly how they do that?

[Sex Video Chat VKcams.com]

their rates are clear

What they will send in this moment to Business owner, in at Bitfinex we have about $2405 for BTC1?

Why don't you just contact them

They have even a card, but showing the exchange rate not
.com/card

[johnwest]

Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.

We have used Bitcoin as a payment gateway in our company for all the services we provide. We have used Bitpay for some months and later we have hired a professional trader and his job is to make us profit in the BTC we have acquired through the selling of our services. We will set targets and make the most of it. Its definitely better than Paypal.

[BillCoin]

Hi!
That's why you should bitpay or such a business when u want to receive $$$ and not Bitcoins
the exchange rate is instant, the customer pays with bitcoin and you get the $$ directly to your bank account, so you don't need to worry about exchange fees and such, and u dont need to worry about the price going down after u received the bitcoins.

[Sex Video Chat VKcams.com]

the exchange rate is instant

What rate for BTC is in this moment, when at Bitfinex is 2,414.00?

[coolcoinz]

Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.

What? That's how it ends when somebody treats Bitcoin like PayPal, thinking it's a payments system that will attract new customers and that's it. You were a fiat store and ultimately wanted only fiat. You weren't interested in Bitcoin and didn't do any research, you just wanted more clients and a quick buck and got an unpleasant surprise. Next time don't be so greedy

[7jaka7]

Our experiment with BTC is over. We accepted BTC in 2 of our on-line stores and after losing hundreds and possibly thousands of dollars we are removing BTC acceptance. Stores were selling card access products and chip cards.
Simply by the time somebody buys something and gets confirmed and we manage to exchange BTC at Canadian Kraken we are at loss. So goodbye Bitcoin, going back to PayPal and credit cards only.

What? That's how it ends when somebody treats Bitcoin like PayPal, thinking it's a payments system that will attract new customers and that's it. You were a fiat store and ultimately wanted only fiat. You weren't interested in Bitcoin and didn't do any research, you just wanted more clients and a quick buck and got an unpleasant surprise. Next time don't be so greedy

I agree. If you wanted to get FIAT fast you should have come up with better system. I believe there are applications which transfer BTC-dollars fast enough, so you don't lose FIAT. And you should probably raise price for users paying with BTC by 3-5%, and explain this is due to volatility of price.

Hm... it would be fun if in a few years you would write that you lost hundreds or possibly thousands of dollars because you removed BTC acceptance. You know that Bitcoin could be worth a lot more in future?