How To Accept Bitcoin On Your Website • Hacker News Board

Re: How To Accept Bitcoin On Your Website

#31

Post by natrius » Wed, Dec 05, 2012, 9:12 PM UTC

tptacek wrote: post #15

kirian wrote: post #10

Earlier quoted context omitted.

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.

I would be very hesitant to give a new entrant my bank account information, no matter what they did with it: http://news.ycombinator.com/item?id=4703704

My PayPal strategy, which I'd reuse for Coinbase et al, is to just create a separate checking account for that with a few clicks. I think the most they can screw me over is one or two overdraft fees before I tell my bank to stop ACH transactions.

Re: How To Accept Bitcoin On Your Website

#32

Post by mtgx » Wed, Dec 05, 2012, 9:23 PM UTC

What are the limitations regarding the location of the users or merchants, if there are any? Can I send and receive Bitcoin through Coinbase to and from anywhere? I assume the bank thing only works with US banks?

I'm not sure about the color of the button. Seems rather dull to me, and might be easily missed. You might want to A/B test that.

I like what you're doing, though. An easy to use Paypal-like service is very needed in the Bitcoin world. Wasn't Reddit a YC company, too? Maybe you can convince them to use your service instead of Bitpay, since they were thinking about using Bitcoin anyway.

Re: How To Accept Bitcoin On Your Website

#33

Post by Karunamon » Wed, Dec 05, 2012, 9:26 PM UTC

frozenport wrote: post #24

Suggestion 1: Offer to convert user funds to bitcoins (works as an annoying service). So you act as a money proxy. Suggestion 2: Explain what bitcoins are for shopping cart users

#1 puts you in shaky legal territory at least in the united states, since cash exchange services have a huge litany of regulations.

Re: How To Accept Bitcoin On Your Website

#34

Post by Karunamon » Wed, Dec 05, 2012, 9:28 PM UTC

yebyen wrote: post #9

tmh88j wrote: post #8

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.)

> That would fall into the category of exchange going under.

Bitcoin exchanges are not like Paypal, it's a terrifically bad idea to keep your coins in a wallet controlled by a third party for any length of time.

Re: How To Accept Bitcoin On Your Website

#35

Post by barmstrong » Wed, Dec 05, 2012, 9:35 PM UTC

ROFISH wrote: post #4

The button is working on Chrome/Windows but not Firefox/Windows. (Amusingly, it also works in IE9/Windows)

Thanks for the bug report! Just pushed out a fix for Firefox. Live in 5 min. Thanks!

Re: How To Accept Bitcoin On Your Website

#36

Post by wmf » Wed, Dec 05, 2012, 10:10 PM UTC

ww520 wrote: post #14

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.

Merchants should refund an equivalent value of BTC, not the same amount paid.

Re: How To Accept Bitcoin On Your Website

#37

Post by kragen » Wed, Dec 05, 2012, 10:13 PM UTC

Hi Brian, cool, congratulations on making it this far! Do you think the several hours latency to the bank account deposit is going to expose people to too much exchange rate volatility?

Re: How To Accept Bitcoin On Your Website

#38

Post by Osiris » Wed, Dec 05, 2012, 10:53 PM UTC

Are there plans to make it possible to just receive the bitcoins directly rather than a cash payment in a bank account? I'd like to accept bitcoins but have the coins transferred to my wallet.

Re: How To Accept Bitcoin On Your Website

#39

Post by DrStalker » Wed, Dec 05, 2012, 11:16 PM UTC

wmf wrote: post #36

ww520 wrote: post #14

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.

Merchants should refund an equivalent value of BTC, not the same amount paid.

Why? Serious question, if I get a refund the amount isn't compensated for changes in the Australian dollar.

Either the buyer or seller will lose out if the value of bit-coins change, so is there a compelling reason for picking which party that is other than "merchants have the control to give whatever refund amount they want"

Re: How To Accept Bitcoin On Your Website

#40

Post by wmf » Wed, Dec 05, 2012, 11:28 PM UTC

DrStalker wrote: post #39

wmf wrote: post #36

Earlier quoted context omitted.

Merchants should refund an equivalent value of BTC, not the same amount paid.

Why? Serious question, if I get a refund the amount isn't compensated for changes in the Australian dollar. Either the buyer or seller will lose out if the value of bit-coins change, so is there a compelling reason for picking which party that is other than "merchants have the control to give whatever refund amount they want"

Considering that customers generally get to choose whether and when (within a certain window) to ask for a refund, refunding the same amount of BTC gives customers a license to steal.