Bitpay doesn't answer the phone unless you pay $300 per month. All bitcoin businesses are sheety. I read another post on this forum that one out of three exchanges loses all their client's money or something. Nobody cares enough about their customers to answer the phone. Bitcoin may be cool but all bitcoin biz SUX.
I finally got verified with coinbase after, like, 40+ tries. It's been almost a week and nobody has answered my email. The reason why I am using them is because all bitcoin biz are sheety so at least with coinbase, I keep my exposure to a minimum as I can electronically transfer USD and BTC in and out of my account. I'll just use them for the exchange and keep funds either at my bank or my BTC wallet, but never at coinbase as they are Sheety. Just look at MtGox as a prime example of how sheety. Even campBx, which I like, they are shady. Why no wire transfer? Why can't they get a freaking decent bank account so they can do ACH transfer and wire transfers? Is their credit rating Sheety? Are they solvent? At least coinbase has a proper bank account for ACH transfers/money wires. I will keep a bit here and a bit there and not keep all my dough at one exchange or service. I will also limit my account sizes with each exchange to the max daily withdrawal amount. Limiting the amount of MY dough I can withdraw is shady. It reeks of insolvency. I can understand unverified customers having limits, but if I've been verified under "know your customer" laws, why limit withdrawals? ... unless you're not solvent.
Perhaps they're all selling more BTC than they have on hand. Whoa, doesn't that describe a fiat bank system? The more things change the more things stay the same!
As an online merchant, I agree, BUT it is not a situation where they have nothing to lose. I just learned about bitcoins a week ago. I have been coding like crazy to implement it into my shopping cart. It is not easy and I have lost many hours not just coding but also thinking about HOW BTC is supposed to be implemented. Should I give customers a discount due to no chargebacks and lower fees? Should I list price in BTC or dollars? If it is dollars, how to I make it easy for my customers or should I expect my customers to whip out a calculator before paying? Which wallet solution? Which exchange? Should I keep BTC or convert to dollars ASAP? How do I backup my wallet? ETC.
I'll post my website on here when I'm finished, if it is not against forum rules to make business announcements on here.
I have just sent an email to a merchant asking if they have considered adding BTC to their payment system.
They have nothing to lose by using BTC and plenty to gain.
I do not like using my credit card on the internet.
I would like to buy their product, but, not with credit card.
There must be hundreds, possibly thousands of businesses that do not realise they are missing out on a huge market.
Have you contacted BitPay?
They promote BTC as easy to implement.
