Namecheap now officially accepts Bitcoin

Post by gibybo » Tue, Mar 05, 2013, 9:07 PM UTC

tonywebster wrote: post #162

gibybo wrote: post #60

Well, I just tried to transfer one of my domains to Namecheap using Bitcoin, but their implementation leaves a lot to be desired. I filled in my domain, got to the checkout page, and it gave me three options: Pay from 'Funds', 'Credit Card', or 'Paypal'. Turns out in order to pay with Bitcoin, you have to first add 'Funds' to your account. So I click the link to do that, it asks me how much I want to add (I don't kno…

"They have to wait 45+ days for paypal/credit cards to clear" This is not a thing. There's no concept of 'clearing' when it comes to credit cards; they are authorized for a specific dollar amount or they aren't. If a merchant authorizes $10 for a domain name, it's guaranteed that those funds are theirs (and they're given an authorization code confirming it). They more than likely get the funds in their bank account t…

Post by 3am » Tue, Mar 05, 2013, 9:29 PM UTC

score wrote: post #112

I seems the overall useage and popularity of bitcoins has gone down though. I haven't had a single purchase with bitcoins in about a year at Flow and Zone Games ( http://flowandzonegames.com ) and that's quite a change from the one-a-week clip before. I don't understand the currency so maybe I'm overpricing.

Post by jlgreco » Tue, Mar 05, 2013, 9:57 PM UTC

eduardordm wrote: post #159

jnbiche wrote: post #153

Earlier quoted context omitted.

OK, so this is your logic: 1) By your interpretation, there's a law in Brazil that prohibits the use of any currency that is not Brazil's national currency. 2) Because Bitcoin is not Brazil's national currency, you are now worried because NameCheap is now using Bitcoin, and will drop your company accounts with them. So my main question is: why weren't you worried when Namecheap started accepted US Dollars (i.e., sinc…

Even though I do have credentials to keep this discussion going forever, I'll refrain from further comments on this thread. You are not willing to understand what I'm saying so my comments are pointless.

Post by makomk » Tue, Mar 05, 2013, 10:15 PM UTC

runeks wrote: post #131

makomk wrote: post #125

Earlier quoted context omitted.

A lot of places that accept Bitcoins use BitPay and get paid in US dollars. BitPay charge a 3% fee for this service. (You can accept Bitcoins and exchange them yourself but then you take on the exchange-rate risk, which is quite substantial given how much the Bitcoin exchange rate varies.)

Please provide a source for this claim. BitPay's site says an incoming bitcoin transfer to bank deposit costs 1.70% for USD on their "Pricing" page: https://bitpay.com/bitcoin-direct-deposit And this will only decrease as competition increases.