Should I accept Bitcoin for payments on my online store?

[franciscoDC]

My advice for you try it now i think you can persuade the attention of crypto users and im sure that your store gonna be broad soon as long as cryptocurrencies and specifically bitcoin will be recognise by others.

[Kittygalore]

If bitcoin is legally recognized by your government then you can undoubtedly start accepting bitcoin currency as your consumer's payment method.even no problem if you want to use others currency like ether or usdt. Paying with those online currency would be easiest way of payment for your consumers.even if you already accept bitcoin, then you can see how much bitcoin raised recently! So its good idea to accept bitcoin for your Online store as payment method but don't forget about fees issue

It is a good addition to your business, integrating cryptocurrency is the best way. But OP has to watch out for the volatility of the market and it could spell the downfall of a company, the only way is to integrate the transaction that updates per second as that is the minimum change in the prices. Another problem that I can see is that OP's online store integration of cryptocurrency will be a problem.

[Wipeout2097]

It can say there much way better in the event that you'll not center as it were on bitcoin as sort of installment . Let your clients be free to select what sort of installment they want to have. It could be a great thought to include bitcoin in your alternatives but ofcourse you ought to consider the positive and negative side of it.Never acknowledge bitcoin as a installment in case you are doing not have sufficient information when it comes to this since there chance to may make wrong decision so enough knowledge is necessary.

[Altcoinsintel]

I have seen some attempts from many Bitcoin enthusiasts lately, to include the lightning network in their websites. I feel that it is finally happening and maybe we will witness a massive adoption of Bitcoin with a network of payments that is scaling even if this is not the Bitcoin blockchain but a network build on top of it. I hope to see anything that could increase adoption of Bitcoin and help increase speeds and lower fees as these are really important to keep Bitcoin at an advantage.

[Bitcoinislife09]

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

I think it's a good idea bitcoin if you do that just means you are investing your money in bitcoin and for now bitcoin is a good investment because of the supply and demand the price continues to increase over time. But at the same time, it is risky for a business if you don't have the extra capital or your business is not really that big. With the bitcoin volatility and also you cannot use the money that you earn in bitcoin because you need to invest it for the long term for profit and it's the reason why you accept bitcoin in your business. As long as you can sustain your business while accepting bitcoin is all good to do accept bitcoin in your store.

[Rana590]

In this digital world, we should use digital payment gateways. You can easily take your payment through bitcoin. It is so fast and helpful for us. It reduces our valuable times also. Hopefully bitcoin will be most powerful payment gateway very soon.

[acquafredda]

Look at bitrefill as an example: I think that is one of the best payment gateway right now which is also running on Lightning Network payments. If I would be an online store owner I would certainly open crypto payment gateways for my customers. It is like paying online in the 2000's, with wider adoption more shops will implement crypto payments.

[Yatsan]

Get them into their free will. I guess your idea is just so good that you are open or willing to accept Bitcoin payment into your online store that will enable Bitcoin users to freely use what they have into their accounts upon wanting to purchase in your online store. But still do not certainly focus on the cryptocurrencies as a mode of payment. Just stay on what your online store have been before you are wanting to accept Bitcoin as one of the mode of payment. Let your customers choose their compatibility mode because they can still read upon purchasing the mode of payments available at least they will be aware that you are open for Bitcoin payment acceptance in your online store.

[goinmerry]

Just stay on what your online store have been before you are wanting to accept Bitcoin as one of the mode of payment. Let your customers choose their compatibility mode because they can still read upon purchasing the mode of payments available at least they will be aware that you are open for Bitcoin payment acceptance in your online store.

Agree. More payment option is one of the customers want. Either cash, bitcoin, don't remove other payment methods just to give way for bitcoin payment. They can be blend in the first place.

If no one or only a few use bitcoin to pay, just continue to have it as one of the payment methods. It will grow soon.

Even at a lower chance, it contributes to the awareness.

[ukw]

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

In my opinion, any payment method is welcome for the business, it increases the choice of your customers.


Again, I don't think anyone uses Bitcoin so often to pay, but it's still a plus for your business image and will show that you're open to innovation and alternatives compared to other merchants.

[Rehan Zakir]

Yes! It is a very good idea. Peoples feel more easy to make payments on your store. Many stores also introduced this payment method on their stores. So, anyone in the world can buy your products using Bitcoin. So, you must add this feature on your online store.

[N2CoinOfficial]

Accepting bitcoin payment in online is a good thought but the transaction fees will be high while making the transaction. So it will create a big trouble to the users.

[nitrobetting]

I think putting up BTC as a payment option is a nice idea. When it comes to buying stuff online, the more options I notice the more interested I get.

The key is not to shove BTC to their bill, but instead observe first how many customers will use it and how it impacts your business. Good luck!

[natefielding]

Yep! There are loads of people now who are using Bitcoin and accpeting bitcoin on their stores but ofcourse there will always be a risk on it as the price is volatile, it can go pump and dump at the same time...If you arent sure about it, then why not just go with USDT?

[Noctis Connor]

Yep! There are loads of people now who are using Bitcoin and accpeting bitcoin on their stores but ofcourse there will always be a risk on it as the price is volatile, it can go pump and dump at the same time...If you arent sure about it, then why not just go with USDT?

It's true that many people now are using bitcoin but there's more people who doesn't know about bitcoin itself, since it just began to be in the news where its because of the big impact that elon musk invested the profit of tesla into bitcoin , maybe it was a good decision to use bitcoin for payment for those who really are into bitcoin and ofcourse there are big risk into it for being volatile and no one can blame that if the price goes down or up because it was your decision at first to accept bitcoin in his store.Also it can be an eye opener for those people who really doesn't know about it being curious about what bitcoin is and start using / searching for it and become a investors too.

[Lorence.xD]

Yep! There are loads of people now who are using Bitcoin and accpeting bitcoin on their stores but ofcourse there will always be a risk on it as the price is volatile, it can go pump and dump at the same time...If you arent sure about it, then why not just go with USDT?

That is a pretty debatable statement, for example, in my country, wet and dry markets are not even connected to electronic payment apps that are used by a lot of people that I know which means that bitcoin transaction will be far lower than that. Remember that if you have a small circle of people then you wouldn't see the whole picture that there isn't a lot of people who knows about bitcoin. The quote above mentioned volatility which means that we need to address that first before integrating it into a local market but in regards to OP's online store, I think that you can always put it there so as to give people an option.

[btc78]

Yep! There are loads of people now who are using Bitcoin and accpeting bitcoin on their stores but ofcourse there will always be a risk on it as the price is volatile, it can go pump and dump at the same time...If you arent sure about it, then why not just go with USDT?

If you have a stable Business and can carry even if there is a drastic change of Value ? then yeah better to accept Bitcoin as option for payment
because this is really appropriate now specially in online extension of business in which very practical to have now.
and also those currencies that is legit and mostly with lower transaction fee because these days Bitcoin has really huge fee
and small payments won't be good in transaction because you will pay more in fee than the amount you are paying,
Unless you are using Lightning Network that will help you minimize the transaction fee with faster and accurate transacting .

[Congyang]

You can accept bitcoin payments for your online store, which is a great innovation and simplifies payment options, but remember, don't get into a legal case. make sure your country does not prohibit transactions with bitcoin. because we know that many countries prohibit bitcoin transactions

[3meek]

If your country is friendly to cryptocurrencies, why not introduce such a payment function in the store? The only thing I would recommend you to do is to find a simple and convenient gateway for converting cryptocurrencies into fiat money...

[chikading2016]

If your country is friendly to cryptocurrencies, why not introduce such a payment function in the store? The only thing I would recommend you to do is to find a simple and convenient gateway for converting cryptocurrencies into fiat money...

Not only for own country but also for all over the world. Bitcoin is a fast and secure payment gateway. It is simple and easy to handle. So why not all over the world as it is a online store.

Yes i agree on that you can used bitcoin for payment because it is easy to used and it is really simple. I believe that bitcoin can help your  a lot on youre online store, i also think that mpre people in the future would surely use bitcoin for good. We can see that bitcoin is now surpassing $50k it means the demand is now rising so let us adopt btc for us to earn and make life more easier.