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Author Topic: How to accept fiat donations in BTC  (Read 711 times)
Anonymailer (OP)
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July 06, 2014, 07:11:34 PM
 #1

I've been taking BTC/LTC/VTC donations for a while now, but sometimes people say they want to donate but only if they can do it in fiat (usually dollars). Is there any easy way for me to set it up so people donate fiat, but I receive BTC?

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monsterbitty
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July 06, 2014, 07:26:36 PM
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I really do not understand, why would you again convert fiat to btc, because if they like to pay by fiat, that means the money is already in some form of other processor.

So converting to btc, it is manual task to you.

Or if you are saying that, you wish to convert usd to bitcoin, it is easy, you can have the option to pay in usd, but that will convert automatic to bitcoin, as soon as they donate to you.
Anonymailer (OP)
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July 06, 2014, 08:31:40 PM
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I just think it would be nice to accept payments in other currencies and have them auto converted to BTC - like how BitPay does it, but the other way around. Wouldn't it be better to get businesses accepting cash through an intermediary and only receiving BTC?

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blatchcorn
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July 06, 2014, 08:43:02 PM
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I just think it would be nice to accept payments in other currencies and have them auto converted to BTC - like how BitPay does it, but the other way around. Wouldn't it be better to get businesses accepting cash through an intermediary and only receiving BTC?
But when converting BTC to fiat there is often an immediate need for cash flow.  When its the other way around, you are better-off converting in batches
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July 06, 2014, 08:45:11 PM
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But when converting BTC to fiat there is often an immediate need for cash flow.  When its the other way around, you are better-off converting in batches
I know you're right. I'm just trying to figure out how to avoid paypal…

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blatchcorn
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July 06, 2014, 08:48:43 PM
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But when converting BTC to fiat there is often an immediate need for cash flow.  When its the other way around, you are better-off converting in batches
I know you're right. I'm just trying to figure out how to avoid paypal…
I admire your commitment to the cause  Grin
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