Shopify Merchants Can Now Accept Bitcoin

Post by svmegatron » Wed, Nov 27, 2013, 7:14 PM UTC

enraged_camel wrote: post #29

svmegatron wrote: post #3

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. I also have a fraud-screening app that is tightly integrated with Shopify: https://www.merchantprotector.net/

I looked at it, but gave up after I couldn't find pricing information. I don't want to sign up for a free trial before I know the pricing breakdown.

Post by mortehu » Wed, Nov 27, 2013, 8:12 PM UTC

makomk wrote: post #27

blhack wrote: post #4

Earlier quoted context omitted.

Bitpay immediately converts your Bitcoin payments to USD. Customers pay with BTC, but you receive USD.

Well, assuming Bitpay can afford to meet the USD payments. Behind the scenes they can't actually convert Bitcoin to USD instantly, so they're basically eating any change in the Bitcoin-USD rate between the transaction happening and them cashing out. If there's a big enough crash or they receive so many payments that the market cannot absorb the Bitcoin sales, they could easily find themselves unable to meet their obl…