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Author Topic: I want a merchant to accept my bitcoins, which merchant solution to suggest?  (Read 695 times)
shads
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November 27, 2011, 12:14:14 AM
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I want to purchase some goods from a US merchant.  The good are not illegal but they are on the paypal shitlist so he can't use them.  His current options are western union, moneygram etc...

If I'm going to pay $20 for a WU money order and deal with the delay of sending it to him and him having to cash it, I'd much rather pay a premium to cover his currency risk and pay in bitcoins.  But it seems a good opportunity to upsell him in accepting bitcoins as a normal payment method.

Now this guy has never heard of bitcoins and probably has little interest in them beyond the ability to accept foreign payments quickly.  So what I imagine he would want from a solution would something like this:

He provides a bitcoin address for payment, the solution calculates bitcoin value based on exchange rate + small risk premium, once bitcoin is received it's immediately put on market and converted to USD.

Is there a merchant solution that does all this?  Particularly the last part as his key interest will be fast cross border payments into USD.

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Beroper
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November 27, 2011, 02:46:07 AM
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yep, he can do like this.

you send him btc, then he sells btc on mtgox, he will have mtgox usd.

then he makes a offre on exchanger service(higner fee,like aurumxchange.com) or on this forum(free fee, some buyers can do sepa/bank wire,if they are trusted,then no risk)
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November 27, 2011, 05:21:32 AM
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Look into both bit-pay.com and btcinch.com, they both seem to do what the merchant is looking for.

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