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Lex DeVille

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Wanted to start a discussion to find out who is accepting crypto for payment, and how you've gone about integrating it into your business.

Right now, I don't accept crypto as payment for anything. I'm not against it. It's just that my main checkout system (ThriveCart) hasn't integrated an option for it yet.

Have you started accepting crypto for payment? If so, how has this turned out for you? What systems have you used to make it happen? Any downsides?

I love the idea of crypto for payment since it mentally disconnects the customer from the pain of purchasing with "their own" cash. I'd like to accept it for all of my products going forward.

What has your experience with this been like?
 

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Antifragile

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We don’t.
But frankly, I can’t wait to get to the point when we could.
Main issue isn’t even the price volatility, that could be overcome with immediate exchange to fiat or various hedges.
The main issue is for us (real estate) is that conveyance occurs with lawyers. This means deposits made by purchasers a year before closing (pre-sales)! Then same purchasers go for financing. No bank at this time would want to be helpful with anything crypto.
Between lawyers in-Trust accounts and purchasers’ need for financing - we are just not there yet.
But maybe soon… with DeFi, DAO exchanges…

The big shift will happen when online retailers start accepting payment.

PS. I’ll accept crypto on Craiglist ;)
 

Lex DeVille

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We don’t.
But frankly, I can’t wait to get to the point when we could.
Main issue isn’t even the price volatility, that could be overcome with immediate exchange to fiat or various hedges.
The main issue is for us (real estate) is that conveyance occurs with lawyers. This means deposits made by purchasers a year before closing (pre-sales)! Then same purchasers go for financing. No bank at this time would want to be helpful with anything crypto.
Between lawyers in-Trust accounts and purchasers’ need for financing - we are just not there yet.
But maybe soon… with DeFi, DAO exchanges…

The big shift will happen when online retailers start accepting payment.

PS. I’ll accept crypto on Craiglist ;)

So it seems like the simpler the system, and the fewer middlemen, the better when it comes to accepting crypto.
 

Ing

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I think accepting Cryptos is most profitable, if you offer anything, what s regarding the Crypto community.
As Lex said, Cryptos will sit lighter in the wallets that Fiat. Above all, when folks just made a fortune with a bullrun.
Beginning now with integration will bring a big advantage for a while. As long as the others follow.
Than not to have it, its a disadvantage.
 

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