Post
Topic
Board Bitcoin Discussion
Re: Should I accept Bitcoin for payments on my online store?
by
magnum1010
on 01/10/2021, 03:52:18 UTC
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
Many companies adopt crypto to their business today, it is a good sign for crypto. I don't think that there are risks of such way to receive the payment. But you are to set the automatical price recalculation based on Bitcoin's price. What comes to commissions, they are not very high, but it can take long for transaction to be processed by miners
Anyway, you can use two ways of receiving the payment: both in fiat money and in bitcoin so that people who don't work with crypto also can buy in your shop.