Accepting cash during ICO?

[Ehrhc]

Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?


Updated - Sep 7: Banksy getting into Crypto by buying Litra coin: http://newsexaminer.net/art/graffiti-artist-banksy-arrested-in-palestine-identity-revealed/
 
Now that's what I am talking about, getting the average Joe to be interested, and make it easy for him to get into ICO.

[kseniya.pride]

Good question. Trying to figure that out as well.. On presale we were accepting only Ether.

For ICO want to accept BTC, ETH + cash.. What is the best way for that?

[TinaK]

interesting,

did you want to change banking too?

if LakeBanker was successful, it may be accessed. I guess

[kolap]

Not possible, no card/payment processing offer this service yet.

[Barcode_]

I think most of the ICO would prefer to accept only Bitcoin or Ethereum for payment, and I personally don't think Paypal would work as an payment option for buying tokens during an ICO, because some investors could always dispute the payment on Paypal after getting the tokens they purchase.

[Ehrhc]

But again, Filecoin was accepting cash! which we know how!

But for us, we are missing the chance of people who know about ICO, but they don't have btc /ether!

So why I want them to go buy btc, then come buy my token/coin?

Specially people who are investing $100 or less! Which is funny how many they are.

[Bastime]

Well, for me there are other ways out there but I don't do sophisticated transfer and conversions so just use BTC or Eth for comfort and stress free.
And is there ICOs that rewards other than BTC or Eth?

[rearwheels]

During one ICO investors were offered to generate invoice for minimum 100 USD / 100 EUR for payment via any Bank (I suppose that minimum limit may be decreased to 50 USD / 50 EUR, depends on expenses of company).
Also additional feature for accepting most of cryptocurrencies is using ShapeShift service.

[Insanerman]

Not possible, no card/payment processing offer this service yet.

Cash yes, I found some ICO's accepting it but for card processing , you are correct, I did not not found any ICO accepting it. But mostly, all ICO's accepts cryptocurrency too.

[billyj111]

You need to transfer money to one of the exchanges and buy bitcoin or ether  and invest in ico.

[Ehrhc]

IDK, instead of these people doing porn ICO (Have you seen the ANN sex marketplace),
 someone should get us something like PayPal ICOs? Like PayPal for cash crypto vice verse!

[olliedickman]

I think that is not a good idea because if you use cash, you will reveal your ID to the site owners and the third party which is holding your money such as bank or paypal. And therefore, you have to be collected tax and your activity must be legal. In US or CHina, ICO is currently banned or controlled.

[adamagb]

Anyone who can't invest with cryptocurrency probably doesn't understand the space well enough to invest at all...

[Daydream 61]

Momento   I know that one could pay with polybius with dollar and euro. with fiat it was possible
I paid at the time with euro. was no problem . it went very quickly. 2 days it was done
if I were dev then I would not accept paypal

[cenicsoft]

BannerCoin ICO (BCOIN) allows credit card payments, but only from existing customers since they are trusted.

Wire transfers are accepted for the ICO as well. Regarding physical cash, it's unlikely people would travel to pay in actual cash.

BannerCoin.com

[mayan251]

I think we can issue a token it With cash in exchange for the corresponding points, so that people through the points of consumption, you can give some concessions and incentives to provide people with the enthusiasm of the points, so that the currency flow up.

[VanDeinsberg12]

Anyone who can't invest with cryptocurrency probably doesn't understand the space well enough to invest at all...

definitely, it's like they're investing into something they don't know and it's not right. if they are not able to use cryptocurrency at all, what the use then? owning cryptocurrency is like a proof that when the ICO just ended, they could move, or sell their cryptocurrency without the need of guidance.
ICO that didn't think about it need to consider this as a serious problem, not just gathering money.

[DigitalLemming]

There is a reason people don't use cash. First it's hard to get cash without the option of a chargeback. If people use their debit card or paypal they can get your coins and then file a fraud claim. Also there are higher fees in sending cash.

[Qiuyue201]

Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?

I think the best solution to accept the crypto as the main payment, remember some projects already faced the issue due to the bank account already got freeze by the bank institution. which that can be included in the illegal act.

[Babayega31]

Hi,
Say you have an ICO, and you want to accept cash, people wants to invest $10-$100, and they don't own BTC nor Ether.

What is the best solution? Paypal of course gone with the wind!

What is other best choices?
Have you tried it?

I think the best solution to accept the crypto as the main payment, remember some projects already faced the issue due to the bank account already got freeze by the bank institution. which that can be included in the illegal act.

It's because fiat deposits can be sued by government if they want it and lets leave the idea upon directly investing using some cash since ICO's now are preferring their desired alts so that they will not be caught by strict government liabilities. Thats why lets just deposit some alts like ETH and BTC if we want to participate on some ICO so that the hassle we can get will be less.