Anyone over here accepting Crypto as payment ?...

[CrowdforAngels]

We accept Crypto as payment for investments on our platform https://crowdforangels.com. So if a company is raising money in GBP, an investor can use his ETH, BTC, Dash, etc as payment for the investment (£1,000 for X Eth)

We do this through a process of steps

1) The system automatically quotes the amount which the user intends to invest in a minimum of 5 cryptocurrencys (this uses live market data, with a small adjustment for costs)
2) The user then sends their chosen crypto and the exact amount to the payment gateway
3) After a number of confirmations on the network, the crypto is settled and then immediately converted into fiat (as the investment offering is quoted in fiat, we do not take exchange risk by holding cryptos. If a pitch was asking for a crypto, we do not necessarily need to convert)
4) The fiat is then withdrawn to a segregated client account
-- process complete--


We have used this process since 2017 and as an FCA regulated company, the blockchain works well for transparency. However, negatively refunds can be expensive and if the network is congested and the user has set a 'low' gas fee, for instance, the price quoted and the price actually exchange can be different.

In all honesty, I wish we did more crypto transactions and held crypto on account as well.

Andrew

[1715194544]

1715194544

[Dutchyyy]

I don't think accepting Bitcoin to pay for services and goods is a very good idea, especially when it comes to small amounts of money. There is simply no point in paying fees, which can sometimes be higher than the amount transferred.

[Casdinyard]

I do accept crypto payments but not all the time. I do Web designing and I am giving them the option to pay using this technology but not a mandatory since I have observed that majority of my clients are still not into cryptocurrencies and I respect that. I could convert they fiat payments into crypto if I would want to so it is somewhat not a problem. There are institutions which are now accepting and paying their employees cryptocurrencies but are also optional. Both of these scenarios, I have mentioned 'optional'. That is simply the reality in which not all people will prefer to enter this industry if in the first place they are not really into it. I do share my point of view regarding this technology such as its advantages in which I do see. Well, who knows in the future, maybe they will have the initiative.

[supine]

Hello,

Just wondering if anyone sells stuff online or offers services and accepts BTC or Altcoins as payment...

What steps you take after receiving your crypto ? u leave em there ? u cash out ASAP ? anyone converting to stable coins anymore (and which is the best) ?....

i tried converting my BTC to USDT BAD IDEA !! huge fees including conversion fees, gas fees, gas fees again to send to exchange...

How do you guys go about this whole thing ...?

Yes some of people accept crypto as payment, because it is also an investment.
Here in our country you can pay bills , hotel bookings, plane tickets etcs. using crypto.

[ukw]

Hello,

Just wondering if anyone sells stuff online or offers services and accepts BTC or Altcoins as payment...

What steps you take after receiving your crypto ? u leave em there ? u cash out ASAP ? anyone converting to stable coins anymore (and which is the best) ?....

i tried converting my BTC to USDT BAD IDEA !! huge fees including conversion fees, gas fees, gas fees again to send to exchange...

How do you guys go about this whole thing ...?

In my opinion, accepting Bitcoin as a payment for a service is not at all appropriate, precisely for the reason you mentioned - high fees. I personally tried accepting payments for a service in crypto, but the result was the same as yours, not a good idea.