Re: Should I accept Bitcoin for payments on my online store?
I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.
Is this a good idea? Are there any risks (other than the volatility)?
Is anyone really going to use this?
I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.
Thoughts?
Thanks in advance
It's a good idea that your customers have multiple payment options, but make sure you know what to do with the Bitcoin you receive from your customers. The more important thing is that for customers to pay with Bitcoin, you must be the one to bear the transaction fee before they intend to pay by credit card Is this a good idea? Are there any risks (other than the volatility)?
Is anyone really going to use this?
I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.
Thoughts?
Thanks in advance
Also, the big risk here is how do you use Bitcoin? Be aware that the more you sell Bitcoin and withdraw it for cash, there will be a lot of fees for decentralized fiat transactions. This will affect your net profit a lot.