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Now how about a one button way for my users to buy bit coins. Buying bitcoins is an exhausting user experience
You should just ask them to mail you cash. It's about equally reliable, from a buyer's perspective.
Earlier quoted context omitted.
>What kind of danger are you thinking? My guess is he's referring to one of the many "dealers" that were hacked and had bitcoins stolen.
That would fall into the category of exchange going under. Similar risk to cash in the mail, except with cash in the mail there's nothing you can do to protect yourself (or prove that delivery was accepted.)
Now how about a one button way for my users to buy bit coins. Buying bitcoins is an exhausting user experience
For US users Coinbase is one of the easiest ways to buy bitcoins. Link your bank account like you would with paypal and it's straightforward from there on.
How does refund work with Bitcoin? Since Bitcoin can have big swing, some users might opt to get the refund of bitcoin after a while.
Upon further reflection, it's clear why I expected that.
First, when a user goes through a typical online checkout/payment, they are not concerned about where the money is going to, they are concerned about where it is coming from, i.e., putting their credit card info in.
Second, the prior option is "Send using my coinbase account," which reinforces what I was talking about in the other point I just made. For the sake of consistency, both options should be about sending from somewhere, not sending to somewhere.
An alternative way to do this would be having the first option say "Send using Coinbase" and the second option be "Send using the Bitcoin network," or something to that effect.
I'm really hesitant to use (and thus implicitly recommend) Coinbase, since they're asking for Bank username/passwords from users.
Even thought it's not necessary, it makes these guys really look rather Shady to me, so I'm really reluctant to use their solution.
Has anyone else worked with Bitpay or other providers in this space? I'd love to hear how things went for you.