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Author Topic: Please offer Bitcoin as a payment option.  (Read 181 times)
sheenshane
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Today at 02:00:58 AM
 #21

Thanks for sharing your experience, OP.
Yeah, that should be a must and the best option to avoid what you experienced.
That's how Bitcoin was created, it was meant for payments across borders, a second option to choose as an investment, but now its main purpose is often forgotten.
As we can see, holding Bitcoin as a store of value is one motivation for many people, but spending Bitcoin directly introduces volatility and technical issues that many users and merchants prefer to avoid in everyday transactions, IMO.

So, we can't blame them for that reason.
But I hope someday they will realize that using Bitcoin as per day transaction or even a micro transaction will help the Bitcoin ecosystem, which makes it more valuable.

 
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GreatArkansas
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Today at 02:20:43 AM
 #22

I highly agree that we should encourage merchants to accept Bitcoin payment.  If we want to help Bitcoin economy to boom
 we must help to make Bitcoin have a real life use case not just a tool for investment.

If we have lots of stores that accept Bitcoin everywhere, the trust of thw masses will surely strengthen, making more people and money flow towards the Bitcoin economy.
This makes sense, even if you are a small business or big business; accepting Bitcoin, even if it's not popular in your area, is already a way of helping Bitcoin to promote itself. People will see it, they will become curious about Bitcoin, and that's the time they will get introduced.
Especially now, there are already a lot of payment processors that you can use if you want less hassle accepting Bitcoin, like if you just want to get started, then these tools or platforms will really help you.

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Today at 08:04:44 AM
 #23

I'd be more than happy to pay with Bitcoin if merchants I regularly visit accept them. Unfortunately, I don't think the demand is that big. Looks like most of them still rely on centralized third-party services to accept payments. I guess it has to do with regulations and stuff like that, too. Not sure if I'll see any changes for markets like digital game top-up and stuff like that. There's a workaround with giftcard purchased on another marketplace, but it feels discouraging since we have to interact with 2-3 marketplaces instead of one.
Paying only with Bitcoin would bring me a lot of relief, not only interacting with other marketplaces, you'll keep paying service charges and taxes where applicable while you convert to fiat. I do beg merchants in my country to accept BTC but most don't accept it since their primary medium of financial interaction is Fiat. I could save a lot more if I could pay directly with Bitcoin, especially now that the fees are low. Even if they would at least accept USDT, I'll still love it since I could still send from my cake wallet, but they don't and it's more stressful and expensive for me as a person that doesn't hold much Fiat.

 
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Jet Cash (OP)
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Today at 09:37:35 AM
Merited by bitmover (3)
 #24

Wasn't it possible to sell your domain for bitcoin?

There are many registrars which accept bitcoin as payment method (njalla, namesilo , namecheap...) didnt you use them?
I never sold a domain, just bought

4k was a good deal. I wish I had good creativity to find such domain names. Which one is it? Do you mind to share?

There is more to selling a domain name than just a simple goods and payment exchange. There is almost as much fraud in domaining as there is in crypto. Using an established registraf that holds you name registration cuts out as lot of the risk. In my case, I don't think it was the registrar that caused the payment failure. I think it was either an intermediate bank, or government intervention. Whilst there are many registrars who accept Bitcoin payment, they don't all provide a Bitcoin payment service. One gets the feeling that they are holding Bitcoin as an investment, and this reduces liquidity of course,

I am not prepared to list the name, as the buyer was almost the perfect customer. He submitted an offer via email, and stated that he wanted to move quickly. He offered $4,000, which was slightly higher than the Godaddy valuation, and I think the domain was worth a bit more. However, I wanted to spend some money on my classic car restorations, so I decided to accept his offer, and use the money to put one of my old Volvos back on the road. I added the name to my registrar's market place to use it as an escrow service. Within two days he had triggered the BIN, and paid for the name. This was one of the easiest sales I have made, and I'd like to find more honest buyers like this. The name was what I call a 3x2 .com. That is two 3 character words with a good niche association.

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Today at 09:47:05 AM
 #25

I highly agree that we should encourage merchants to accept Bitcoin payment.  If we want to help Bitcoin economy to boom
 we must help to make Bitcoin have a real life use case not just a tool for investment.

If we have lots of stores that accept Bitcoin everywhere, the trust of thw masses will surely strengthen, making more people and money flow towards the Bitcoin economy.
This makes sense, even if you are a small business or big business; accepting Bitcoin, even if it's not popular in your area, is already a way of helping Bitcoin to promote itself. People will see it, they will become curious about Bitcoin, and that's the time they will get introduced.
Especially now, there are already a lot of payment processors that you can use if you want less hassle accepting Bitcoin, like if you just want to get started, then these tools or platforms will really help you.

Alternatives are everything for the people in question.

The more methods you've got - the better, and the more ways for people to get their funds - to your pockets.

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