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Author Topic: Which services automatically convert on reciept of funds?  (Read 857 times)
jago25_98
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January 21, 2013, 12:48:00 AM
 #1

(And ideally, does reoccuring transactions without too much bother)

- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

None I know that go from fiat to coins.

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Steve
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January 21, 2013, 12:52:49 AM
 #2

(And ideally, does reoccuring transactions without too much bother)

- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

None I know that go from fiat to coins.
Bitpay will convert to USD, MXN, CAD, EUR and GBP   ...we only accept fiat if you first use it to buy Bitcoins Smiley

(gasteve on IRC) Does your website accept cash? https://bitpay.com
justusranvier
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January 21, 2013, 01:34:17 AM
 #3

(And ideally, does reoccuring transactions without too much bother)

- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

None I know that go from fiat to coins.
Bitpay will convert to USD, MXN, CAD, EUR and GBP   ...we only accept fiat if you first use it to buy Bitcoins Smiley
You guys would be even more awesome if you could find a way to navigate the regulatory hurdles and add that to your offerings.

People who get paid in dollars and want bitcoins need payment processing too.
Steve
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January 21, 2013, 03:57:39 AM
 #4

(And ideally, does reoccuring transactions without too much bother)

- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

None I know that go from fiat to coins.
Bitpay will convert to USD, MXN, CAD, EUR and GBP   ...we only accept fiat if you first use it to buy Bitcoins Smiley
You guys would be even more awesome if you could find a way to navigate the regulatory hurdles and add that to your offerings.

People who get paid in dollars and want bitcoins need payment processing too.
I think many people are trying to tackle that one in various ways.  When people ask if we'll accept this or that currency, our standard response is that we use bitcoin for the actual transaction because it has the most secure network behind it (if that ever stops being the case we might consider an alternative)...so, the solution then from a usability perspective is to just make it easier on the sending side to convert from other currencies into Bitcoin.  Whether you have dollars, euros, litecoins or whatever, you can use them to buy stuff with Bitpay if you first convert them into Bitcoin, and software should make that really easy in the future.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
bittenbob
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January 21, 2013, 05:19:50 AM
 #5

(And ideally, does reoccuring transactions without too much bother)

- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

None I know that go from fiat to coins.

Thank you for the mention and we are glad to be the first service to come to mind. WalletBit offers a few more currencies than you listed and for a flat rate of 2.75%

SEPA(EUR), DKK, CAD, GBP, MXN, SEK, USD
(minimum transfer fees apply)

If you would like to do recurring transactions WalletBit also offers a subscription button/database.
https://walletbit.com/docs/subscriptions
Stephen Gornick
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January 21, 2013, 01:35:27 PM
 #6

- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

With Mt. Gox you can get conversion on arrival of USDs to BTCs, or from BTCs to USDs because that exchange allows order sizes that exceed available funds.  So when the funds arrive, they are automatically traded against the open, unfilled or partially filled order that is outstanding.

Also, their merchant services tool has an "autosell" flag so that the funds are automatically converted to fiat, without having to mess with leaving an outstanding order.

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