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Thread: BitCoin and LiteCoin Payment Processors

  1. #1
    Join Date
    Jan 2014
    Posts
    1

    BitCoin and LiteCoin Payment Processors

    Hi all, long time lurker here... Most times I can find the answer, but the times are a changin'

    As the title states.. BitCoin and LiteCoin payment processors - the ones that convert bitcoin/litecoin into USD or whatever currency and deposit it in my bank account.

    After reading the news about Overstock accepting bitcoin payments and earning over 100k USD revenue in a day through bitcoin, along with Zynga accepting it and other companies, I think having more paypal alternatives can only result in more potential sales. Not everyone has paypal, nor do people like it too much... like me.

    So far I have only found gocoin.com and bitpay.com to accept Bitcoin payments... The difference between the two being that Gocoin also accepts Litecoin payments on top of Bitcoin.

    Does anyone have any experience accepting bitcoin or using Gocoin or Bitpay as payment processors? How well do they work out for you?

    Thanks for any responses and help!

  2. #2
    Join Date
    May 2013
    Posts
    84
    Even i read about bitcoin & litecoin payment processors. I got a good reviews online but dint have an experience on it.

  3. #3
    Join Date
    Dec 2013
    Posts
    84
    Ah, my friend -- you are treading into as-yet-untreaded water! There's a lot of information out there, and BitCoin has been in the news a whole bunch lately, but online sellers are very apprehensive when it comes to whether or not they want to accept crypto-currency.

    This is also part of the reason I think you might have a bit of trouble finding other online sellers who are willing or even able to help you out with advice/experience/reviews. Overstock and TigerDirect are the first two major retailers that are accepting BitCoin, and I think you'll find that smaller sellers aren't really trying out crypto-currency yet.

    Which isn't to say it's not a good idea - there's a lot that can be gained from trying out a new thing before your competitors. But the very new status of BitCoin and LiteCoin mean that you might have trouble finding a lot of social proof that helps back up the decision that you ultimately make for your own online store.

    I found a list of BitCoin payment processors -- as you can see, there aren't a ton of reviews. http://www.thebitcoinreview.com/site...=9&subcatid=93

    I also found this article on VentureBeat, which unpacks the general state of crypto-currency and its relationship with online sellers. Hope these help!
    Sean B.

  4. #4
    Join Date
    Jan 2013
    Posts
    10
    Quote Originally Posted by bizcommerce View Post
    Hi all, long time lurker here... Most times I can find the answer, but the times are a changin'

    As the title states.. BitCoin and LiteCoin payment processors - the ones that convert bitcoin/litecoin into USD or whatever currency and deposit it in my bank account.

    After reading the news about Overstock accepting bitcoin payments and earning over 100k USD revenue in a day through bitcoin, along with Zynga accepting it and other companies, I think having more paypal alternatives can only result in more potential sales. Not everyone has paypal, nor do people like it too much... like me.

    So far I have only found gocoin.com and bitpay.com to accept Bitcoin payments... The difference between the two being that Gocoin also accepts Litecoin payments on top of Bitcoin.

    Does anyone have any experience accepting bitcoin or using Gocoin or Bitpay as payment processors? How well do they work out for you?

    Thanks for any responses and help!

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  5. #5
    Join Date
    Mar 2014
    Posts
    3
    And if you want to exchange Bitcoin fast and secure, I recommend this site: http://bitby.co . I do use them and it's very comfortable, because all I need to transfer money into Bitcoin is my cellphone.

  6. #6
    Join Date
    Feb 2015
    Posts
    28
    These include supply chain and logistics document automation, enterprise content management, group or collective buying, domestic and international payment systems, instant messaging, newsgroups and automated online assistants.

  7. #7
    Join Date
    Apr 2018
    Posts
    6
    Guys there are many ICO programs that are held recently there are promising and some are less promising I choose to participate in the https://icoschedulers.com/ I think this will be successful and gain great benefits for investor. Is this the right choice?

  8. #8
    Join Date
    Jul 2018
    Posts
    1
    Hey you can check out internationalbankservices.com . They offer brilliant, comprehensive payment processor solutions for all

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