It seems like refunds would be hackable. If they're made in bitcoin, I could get back more than I paid if bitcoin value goes up. If they're made in dollars, I could get back more than I paid if it goes down.
Bitcoin guide
11–20 of 38 posts
Re: Bitcoin guide
#12Earlier quoted context omitted.
I would also like that. Right now it's too transparent, I always get USD and have no idea whether someone paid with Bitcoin. I'd like to just keep the Bitcoin.
(Christian from Stripe here.) Our users tend to want unified behavior across payments of all different types. Of course, it's possible to filter by payment type in the API, dashboard, and data exports. To the original question: drop us a line at bitcoin@stripe.com if you want to talk more about not converting the payments. It's definitely something we'll support if there's user interest, but it's not something we do…
That would be handy as it seems like it would get around some of the pretty big list of businesses stripe can't get involved in due to restrictions from their banking partners.
Re: Bitcoin guide
#13Was a fast setup; already in place. I'm seeing live mode transactions with a "Test" banner in upper right corner, but some tests with an online hosted wallet show these transactions to be real and live, not test-mode. Is this a bug in the Stripe console?
Re: Bitcoin guide
#14It seems like refunds would be hackable. If they're made in bitcoin, I could get back more than I paid if bitcoin value goes up. If they're made in dollars, I could get back more than I paid if it goes down.
If you look at credit cards and foreign currency is that not something 'hackable' too? If say the Ruble appreciated and then depreciated wildly you could get a refund and redo the payment if it was against you.
Re: Bitcoin guide
#15It seems like refunds would be hackable. If they're made in bitcoin, I could get back more than I paid if bitcoin value goes up. If they're made in dollars, I could get back more than I paid if it goes down.
Keep in mind that bitcoin transactions are not reversible, so any refund would require the merchant's approval.
Re: Bitcoin guide
#16Does anyone know if the 2.9% + 30c stripe fees still apply for bitcoin payments?
The pricing for bitcoin payments is simple: free during the beta and 0.50 percent per payment when the API is out of beta in January 2015.
this is very heigh fee.
the whole purpose of bitcoin is to get rid of the middle-man who try to take a cut out of simple transaction. i see the added value of easy-api but the fee is way too much for a free alternative. and yes, i know that bitpay and others take 1% but i'm sure they will adapt once cheaper alternatives will be available. as for me - i develop my own free solution.
Re: Bitcoin guide
#17Was a fast setup; already in place. I'm seeing live mode transactions with a "Test" banner in upper right corner, but some tests with an online hosted wallet show these transactions to be real and live, not test-mode. Is this a bug in the Stripe console?
The 'test' banner is indicative of which Stripe publishable keys you're using—test mode keys will result in the 'test' banner you see.
Re: Bitcoin guide
#18It seems like refunds would be hackable. If they're made in bitcoin, I could get back more than I paid if bitcoin value goes up. If they're made in dollars, I could get back more than I paid if it goes down.
If you look at credit cards and foreign currency is that not something 'hackable' too? If say the Ruble appreciated and then depreciated wildly you could get a refund and redo the payment if it was against you.
In practice the refund will just post for whatever converted value you've paid in the first place and processors will take the difference in either direction
Re: Bitcoin guide
#19It seems like refunds would be hackable. If they're made in bitcoin, I could get back more than I paid if bitcoin value goes up. If they're made in dollars, I could get back more than I paid if it goes down.
The same is true of any fiat currency including the American dollar.
Re: Bitcoin guide
#20I'm assuming this doesn't work for recurring payments?