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Author Topic: Accepting Bitcoin on eCommerce site?  (Read 2686 times)
antirack
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January 31, 2012, 10:06:21 AM
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Is there a payment processor (just like PayPal) that lets my eCommerce site accept BitCoin payment and gives me US$ or any other "real" money?

I am not looking for a plugin or program to do that (but I am still happy about pointers in that direction), I am looking for a all-in-one solution. Basically just like setting up PayPal or Credit Card for my web site, so that the customer can pay in BitCoin through my site, and once the transaction is done my account shows a credit of X BitCoin or Y USD equivalent (daily course basically).

I hope I didn't describe what I am looking for too complicated. Basically all I want to do is accept BitCoin, but without the "hassle" of having BitCoin and them having to take care of selling them for money frequently, monitoring the exchange value, etc etc... (I understand that this is very easy, but unfortunately I'd need cash as soon as possible in order to pay bills etc).
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ThomasV
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January 31, 2012, 10:10:20 AM
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http://bit-pay.com

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antirack
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January 31, 2012, 10:15:20 AM
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Thanks a lot. That looks very interesting. Now if that business just wouldn't be in the USA I would be more happy.

I'd hate them having to freeze my account like PayPal frequently does with their customer accounts, or giving my data to the authorities like PayPal did with Megaupload or Wikileaks (not that I am selling anything illegal, but the USA's reputation is just like that nowadays so I avoid it anyway if I can). Or god forbid, if the US authorities decide that BitCoin is used by the axis of evil to do, uhm, evil stuff.
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January 31, 2012, 11:34:05 AM
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Then maybe okpay - https://www.okpay.com/en/company/news/okpay-bitcoin.html

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BitPay Business Solutions
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January 31, 2012, 02:19:27 PM
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we won't freeze anyones account.  balances are not stored with us and are pushed to your bitcoin wallet or bank account regularly.  Let me know if you have any questions.

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Does your website accept bitcoins?
Mt.Gox Support
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February 01, 2012, 01:10:04 AM
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Is there a payment processor (just like PayPal) that lets my eCommerce site accept BitCoin payment and gives me US$ or any other "real" money?

I am not looking for a plugin or program to do that (but I am still happy about pointers in that direction), I am looking for a all-in-one solution. Basically just like setting up PayPal or Credit Card for my web site, so that the customer can pay in BitCoin through my site, and once the transaction is done my account shows a credit of X BitCoin or Y USD equivalent (daily course basically).

I hope I didn't describe what I am looking for too complicated. Basically all I want to do is accept BitCoin, but without the "hassle" of having BitCoin and them having to take care of selling them for money frequently, monitoring the exchange value, etc etc... (I understand that this is very easy, but unfortunately I'd need cash as soon as possible in order to pay bills etc).


I am pleased to announce that our full fledged of E-commerce solutions will be announce VERY Shortly! The idea will be here is to be as transparent for both merchants and buyer as possible either online or... IRL.
And the good news is that fees involve in these solution will be rather... appealing to say the least!

Mt.Gox : The Leading International Bitcoin Exchange.
Mt.Gox Merchant Solutions : https://mtgox.com/merchant
ineededausername
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February 01, 2012, 10:08:02 PM
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Is there a payment processor (just like PayPal) that lets my eCommerce site accept BitCoin payment and gives me US$ or any other "real" money?

I am not looking for a plugin or program to do that (but I am still happy about pointers in that direction), I am looking for a all-in-one solution. Basically just like setting up PayPal or Credit Card for my web site, so that the customer can pay in BitCoin through my site, and once the transaction is done my account shows a credit of X BitCoin or Y USD equivalent (daily course basically).

I hope I didn't describe what I am looking for too complicated. Basically all I want to do is accept BitCoin, but without the "hassle" of having BitCoin and them having to take care of selling them for money frequently, monitoring the exchange value, etc etc... (I understand that this is very easy, but unfortunately I'd need cash as soon as possible in order to pay bills etc).


I am pleased to announce that our full fledged of E-commerce solutions will be announce VERY Shortly! The idea will be here is to be as transparent for both merchants and buyer as possible either online or... IRL.
And the good news is that fees involve in these solution will be rather... appealing to say the least!

Typical gox... promising big things and never delivering.  Roll Eyes
I think there was a gox post that said we'd have something big in January... and nothing happened.

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February 02, 2012, 07:20:16 PM
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we won't freeze anyones account.  balances are not stored with us and are pushed to your bitcoin wallet or bank account regularly.  Let me know if you have any questions.

3% for using BTC?  That's outrageous.  No way I'm using them.

Like what I posted?

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February 02, 2012, 07:24:29 PM
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we won't freeze anyones account.  balances are not stored with us and are pushed to your bitcoin wallet or bank account regularly.  Let me know if you have any questions.

3% for using BTC?  That's outrageous.  No way I'm using them.
3% only if they handle the auto-conversion to USD and deposit into your accounts. 0.99% if all you are doing is accepting BTC to your wallet with their system.

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bzzard
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February 02, 2012, 07:36:21 PM
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3% only if they handle the auto-conversion to USD and deposit into your accounts. 0.99% if all you are doing is accepting BTC to your wallet with their system.
bit-pay - I think you will get more customers with 1% than "sneaky" 0.99%

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memvola
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February 02, 2012, 07:49:10 PM
 #11

I know you aren't looking for just an interface but you might still want to have a look: https://en.bitcoin.it/wiki/Category:Shopping_Cart_Interfaces

By the way, does bit-pay support exchanging only a percentage of coins to USD/EUR instantly and relaying the rest? If not, I wonder if it's requested often. If you know the average net profit margin, it might make sense to keep it as Bitcoin, but also guarantee that you have enough local currency to cover costs.
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