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Shopify Merchants Can Now Accept Bitcoin

91 pointsby allsop8184over 11 years ago

10 comments

aresantover 11 years ago
Very exciting.<p>I think they could further enhance merchant adoption by rewriting with an even more laser beam focus on the &quot;benfits&quot; vs. the &quot;features&quot;<p>Eg eliminate the top paragraph entirely and rework their current bullets to something as simple as:<p>- - - -<p>Start accepting Bitcoin today and you&#x27;ll:<p>a) Get paid your full retail price in your local currency (or in Bitcoins if you prefer) settled daily.<p>b) Pay less than half the fees of a normal credit card transaction (about 1%).<p>c) Never receive another charge back.<p>Click here to add Bitcoin to your store right now.<p>- - - -<p>The wording isn&#x27;t perfect ( particularly bullet (a) ) but you get the point.<p>The &quot;positioning&quot; of Bitcoin as a currency is hard to understand for most merchants and ALWAYS leads to questions about volatility etc.<p>So in the spirit of &quot;Don&#x27;t make me think&quot; anybody building Bitcoin as a service startups should work hard on messaging.
svmegatronover 11 years ago
Shopify rules. It seems like every week, they roll out another cool new feature. Shopify Payments and POS got a lot of attention here, but another excellent recent feature is gift cards! Gift cards are SO nice to be able to sell during the holidays.<p>I also have a fraud-screening app that is tightly integrated with Shopify: <a href="https://www.merchantprotector.net/" rel="nofollow">https:&#x2F;&#x2F;www.merchantprotector.net&#x2F;</a>
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sheetjsover 11 years ago
&gt; You can choose to receive your payments in Bitcoins (paid into your Bitcoin wallet) or paid in your local currency directly into your bank account every business day.<p>If you choose to receive local currency, what rate do you receive? Are you guaranteed a rate? Does it fluctuate daily (and as a result, can you quote prices so that they change daily as well?) and do you know the rate in advance?
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nedwinover 11 years ago
We were looking at adding Bitcoin to our startup but worried about the volatility. What if all our customers paid in Bitcoin and it crashed?<p>The reverse is also true - we might gain upside if the price continues to Skyrocket - but how do you protect yourself from this?
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adrowover 11 years ago
So if someone is running conversion tracking at checkout for analytics etc... what currency gets reported? The post says:<p>&quot;You can choose to receive your payments in Bitcoins (paid into your Bitcoin wallet) or paid in your local currency directly into your bank account every business day.&quot;<p>If your shop currency is set to GBP but someone pays in BTC, what gets populated if using {{ shop.currency }} and {{ total_price }} for example?
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mmuroover 11 years ago
This is very interesting. Half of my customers are international and accepting Bitcoin might increase that number.<p>Definitely going to check this out.
CurrentBover 11 years ago
Pretty cool but I wish either that they had integrated with coinbase instead of bitpay, or that bitpay would hurry up and approve or deny my 3 week old application.
atmosxover 11 years ago
Awesome now people can spend their bitcoin!!!! Good luck finding that kind of people.
melatonedover 11 years ago
It took over 3 years for Shopify to develop gift cards...and how long for Bitcoin?
salientover 11 years ago
Is there a way to do recurring payments with Bitcoin yet?
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