How to make & accept bitcoin?

[emmasexytime]

Someone has offered us payment by bitcoin. How can we accept this?

How do you make payments by bitcoin?

[omgitsmike]

For a one time payment I would just make a wallet, accept the payment, and then cash out to USD with an exchange like Coinbase.

There are also services out there like Bitpay that accept the BTC and give you the USD equivalent, but they charge a small transaction fee for the convenience. Then you don't really have to mess with having Bitcoin, you just get your cash.

If you want to receive them on a regular basis, you may want to look into what is compatible with your software. Our billing software has an add-on from Coinbase which allows our client's invoices to be paid in Bitcoin. We accept payments in BTC which we receive in BTC. Every once in a while we use Coinbase to "cash out" to USD.

The natural followup question is whether it is worth the hassle. Speaking in broad, sweeping strokes, in my experience people who pay with BTC choose a vendor who accepts BTC and rule out everyone else. So while it hasn't driven wild amounts of business, it has opened us to a completely new niche with little competition and we usually win those sales by default.

[emmasexytime]

For a one time payment I would just make a wallet, accept the payment, and then cash out to USD with an exchange like Coinbase.

There are also services out there like Bitpay that accept the BTC and give you the USD equivalent, but they charge a small transaction fee for the convenience. Then you don't really have to mess with having Bitcoin, you just get your cash.

If you want to receive them on a regular basis, you may want to look into what is compatible with your software. Our billing software has an add-on from Coinbase which allows our client's invoices to be paid in Bitcoin. We accept payments in BTC which we receive in BTC. Every once in a while we use Coinbase to "cash out" to USD.

The natural followup question is whether it is worth the hassle. Speaking in broad, sweeping strokes, in my experience people who pay with BTC choose a vendor who accepts BTC and rule out everyone else. So while it hasn't driven wild amounts of business, it has opened us to a completely new niche with little competition and we usually win those sales by default.

thank you x

[jscott]

do you want to receive bitcoin and cash out to USD, hold it, or trade it?

[kuprum]

to receive direct payments on bitcoin you can with CAPITALIST

[emmasexytime]

do you want to receive bitcoin and cash out to USD, hold it, or trade it?

receive and cash out to usd

[jscott]

yup, as omgitsmike said, Coinbase can do that, also Gemini and Bitstamp.

[cezar78]

To get payments in BTC use bitcoin.com wallet available in google play. Then you can convert BTC to BCH inside this wallet and then sell it for cash or any payment method using local.bitcoin platform - anonymously, without KYC. Link is in my signature

[jscott]

Do not use bitcoin.com, it is a scam site

They have tried to switch btc & bch many times (trying to trick users into buying bch by accident). Its owner Roger Ver is a notorious scammer

Cezar78 why would you try referring people to scams? Wtf man :

[jscott]

as for merchant providers, btcpayserver is best. Try to stay away from Bitpay, they're lil shady

[Biggie Smalls Web Writing]

Do not use bitcoin.com, it is a scam site

They have tried to switch btc & bch many times (trying to trick users into buying bch by accident). Its owner Roger Ver is a notorious scammer

Cezar78 why would you try referring people to scams? Wtf man :