Should I accept Bitcoin for payments on my online store?

[xSkylarx]

It is a good idea but consider first your customers if they know about bitcoin and other cryptos. This is good as a secondary form of payment. If your traditional customers get curious about it and they found out it's convenient to use then slowly they will adapt to it. It's a win-win situation for you.

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[Crptomagma]

The issues of bitcoin acceptance in stores has been boasting and creating more security alerts as many don’t find bitcoin safe enough to use as a means of transactions especially when Its involves shopping at their store but bitcoin is like every other electronic currency and can be used for payment just like your credit card and MasterCards. I know a few number of store that accept bitcoin as payment, have a verified wallet and address them your customers can make payment using your walker and it’s will be deposited in your wallet.

[Salauddin1994]

Bitcoin cannot be accepted for payment in online stores bitcoin is not yet supported in all countries so no one will be able to buy directly with bitcoin this is possible through credit or debit cards bitcoin should also be used in online stores by converting bitcoin into fiat currency and making payments. Buying products using bitcoin in online stores will increase the demand for bitcoin and will maintain a lot of security in transactions bitcoin will take a long time to use in the online store

[AniviaBtc]

Bitcoin cannot be accepted for payment in online stores bitcoin is not yet supported in all countries so no one will be able to buy directly with bitcoin this is possible through credit or debit cards bitcoin should also be used in online stores by converting bitcoin into fiat currency and making payments. Buying products using bitcoin in online stores will increase the demand for bitcoin and will maintain a lot of security in transactions bitcoin will take a long time to use in the online store

Although it is not supported in your country, bitcoin has a decentralized nature so it is your choice if you will accept it as an online payment in your business. Don't mind the society, if you know that bitcoin is worth it to have and to hold as an asset, then do it. Bitcoin is getting popular nowadays especially that people who are staying at home are getting curious about its existence and benefit. Although bitcoin needs a lot of time to become fully adopted in our society, sooner or later, bitcoin has the potential to become the best cryptocurrency to use in any transaction besides fiat.

[verita1]

Glad your idea of ​​accepting Bitcoin in your business. Because it may be the beginning of a new positive stage to give it a transformation now that Bitcoin is becoming more known to more people around the world. I think that people feel more confident with Bitcoin and you have to seize the moment.
I have found some articles that will help you in this important change that you will make. You will find tips on how to get started and how to implement the most economical tools. Good luck on your journey.

https://bitcoin.org/en/bitcoin-for-businesses

https://www.google.com/amp/s/cointelegraph.com/bitcoin-for-beginners/how-to-accept-bitcoins-in-my-store/amp

[carlisle1]

I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.

Is this a good idea? Are there any risks (other than the volatility)?

Is anyone really going to use this?

I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.

Thoughts?

Thanks in advance

It depends on which product or service you are offering ,if you can also purchase items using bitcoin then why not right?
also if you have no limits in capital then Go accept Bitcoin and when the price fell down decide to keep the Bitcoin onhold until it recovers.

But if those mentioned are against your business then better not to consider for a while until adoption happens in your country.
because from then you may be able to buy and sell using you cryptocurrencies without hassles .

[kevinzxz]

I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.

Is this a good idea? Are there any risks (other than the volatility)?

Is anyone really going to use this?

I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.

Thoughts?

Thanks in advance

if you support cryptocurrency then it doesn't matter if you add payment using cryptocurrency in your online store, and in my opinion there will definitely be people who use cryptocurrency to pay in your online store (although maybe not too much), but at least it will add more payment methods that can be used to shop at your online store, so you don't need to be confused and hesitate to add payments using cryptocurrency in your online store, because it will not make you lose if you add a payment method using cryptocurrency in your online store.

[Cling18]

I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.

Is this a good idea? Are there any risks (other than the volatility)?

Is anyone really going to use this?

I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts about the technical side.

Thoughts?

Thanks in advance

Things will depend on your target market and your product. It's also an advantage if you'll accept payments through other altcoins like Ethereum and other top coins. It will be beneficial for crypto users who wants to purchase their products. It's still for you if you're ready and able to take all the risks.

[molsewid]

It's a good feature for your store online. Somebody might want to buy if they see that they can use their bitcoin in your shop. I don't know any risks other than volatility because I haven't tried to add this payment method to my online shop. But I think it's good for your online store to have many payment options for the customers. Who knows, some of the visitors to your shop prefer the crypto-currency as a payment method.

[error08]

Well, know your customer and your country if you know lots of people using bitcoin on your country, then why not give it a try, bit of course, don't just bitcoin for payment, give your customers options for payment.

Of course the main payment system will still be with fiat, eventually, bitcoin and cryptos would be an alternative option.
The store is more focused on local sales in the UK for now... as far as I know, cryptos are quite popular here.

I like the idea of being able to get some cryptos (not everything) instead of fiat as payment... it would save me some time instead of having to buy from the exchanges

The one of my main concerns is: how safe is it to accept cryptos as payment on a website?  

Yes, it is safe as bitcoin payment is irreversible, besides the volatility and confirmation time, nothing to worry about it.
Since many people using bitcoin in the UK, then it's a good idea to add a crypto payment option.
Buyer and seller should understand that both parties have to wait until 1 confirmation received on your wallet, then you proceed buyer's order.

[Guryon_master]

It's good to hear that you are considering bitcoin as payment for your online store. Yet I volatility is your greatest challenge in it aside from the risk you have with your business you might have another one If you allow bitcoin for payment.  I think you have to scale the risk and what you really want.
Try to consider how established is your business, like do you have enough savings for your business when bitcoin price is in crisis?  If nothing,  then better not to involve bitcoin in your business.

[bL4nkcode]

Well, know your customer and your country if you know lots of people using bitcoin on your country, then why not give it a try, bit of course, don't just bitcoin for payment, give your customers options for payment.

Of course the main payment system will still be with fiat, eventually, bitcoin and cryptos would be an alternative option.
The store is more focused on local sales in the UK for now... as far as I know, cryptos are quite popular here.

I like the idea of being able to get some cryptos (not everything) instead of fiat as payment... it would save me some time instead of having to buy from the exchanges

The one of my main concerns is: how safe is it to accept cryptos as payment on a website?  

Yes, it is safe as bitcoin payment is irreversible, besides the volatility and confirmation time, nothing to worry about it.
Since many people using bitcoin in the UK, then it's a good idea to add a crypto payment option.
Buyer and seller should understand that both parties have to wait until 1 confirmation received on your wallet, then you proceed buyer's order.

OP's concern is more like on implementing of the payment gateways on a website which is more technical and need a developer to make it work.

[celot]

Before accepting bitcoin for your online store as currency payment you need to make survey and ask to your costumer are they know with bitcoin and can use bitcoin for payment transaction or not, I think still have some people not understand how to use bitcoin and adopt in your online store how many percent of your costumer know with bitcoin and will use bitcoin as transaction payment, now all bitcoin member will use bitcoin as payment transaction because have higher fee, you need to get research and ask them if you wanna accept bitcoin on your online store. Better with fiat without have paying fee when transaction but you not increase profit if use fiat.

[Majharul Saiif]

I think you can accept BTC for payments because of the world update day by day. In this Globalization world, people will increase their capacity and form of living. So it will be good if you start this addition earlier because I believe that one day BTC will be a favorable choice for payment methods.

[milani]

I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.

Is this a good idea? Are there any risks (other than the volatility)?

Is anyone really going to use this?

I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.

Thoughts?

Thanks in advance

It depends on the aim of your idea what you expect from it accepting the crypto as the means for payments. There are already lots of services where you can use crypto and people use this opportunity in case it is suitable for them, and these services just give such opportunity. But there is always choice to use it or not. And nobody consider it like something unusual or technically problematic. Yes, of course there are risks like volatility, but for those who know about different nuances it is not a problem at all, services just in this case give another alternative variants.

[DoublerHunter]

^ That is a very good idea but always remember the volatility nature of bitcoin makes risk valuable assets. If you want to gain more customers that the only option they have is to use their bitcoins for their payment methods then let them be. However, if you will ask how to eliminate the risk? Simply wait until their payment appeared on your end. Then quickly convert it to your currency so it would be affected by the volatility of the currency. Nevertheless, you should know that cons of bitcoin payment, the fees so high, and the transaction bit delayed upon the fees that you are choosing for, these common problems will probably the frequently ask by your clients who used bitcoin.

[Asuspawer09]

I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.

Is this a good idea? Are there any risks (other than the volatility)?

Is anyone really going to use this?

I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.

Thoughts?

Thanks in advance

-Accepting bitcoin in your online store is actually a good idea, users will have a more payment option.

-potentially a risk in your business since most of the time you need to hold your bitcoin, and in a business, you need that money. You could lose profit if you need cash in your business and need your gonna sell your bitcoin.

-Most of the customer is gonna use cash or other payment that is more reliable than bitcoin, and personally, I think bitcoin is better in investment not for buying something.

-Transaction fees and confirmation time could be a big issue.

[ChrisPop]

If you are looking to keep Bitcoins for a long time or want to exchange them by yourself without paying processing fees I suggest you look into direct Bitcoin payment solutions. I'm not sure about the solutions existent in the market, but you should find something that is not too complicated for customers. Otherwise you can integrate a third-party bitcoin payments processor. They will like charge like 1% from every transaction but they save you from the hassle of exchanging BTC to fiat so you can pay your business expenses.

Personally I wouldn't use Bitcoin for payments unless I am in an emergency situation. They are just too scarce and valuable IMO

[BryanJohn]

for me it is just an alternative to fiat payment, you can try it for a while to see if customers will make use of the payment method before you will concur if to use it or not. Although bitcoin needs a lot of time to become fully adopted in our society, sooner or later, bitcoin will have the potential to become the best cryptocurrency to use.

[AbuBhakar]

for me it is just an alternative to fiat payment, you can try it for a while to see if customers will make use of the payment method before you will concur if to use it or not. Although bitcoin needs a lot of time to become fully adopted in our society, sooner or later, bitcoin will have the potential to become the best cryptocurrency to use.

It can be added as we don't know if there are customers who are into it. There are popular ways in my country which they print their QR codes and display it in their cashier area. Mostly its a mobile banking or payment apps in our currency but itt will be good too to see if there are bitcoin wallet QR there. By that time customer will ask and it can start them for adoption.