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My Customers Keep Requesting The Open-Source BitCoin As A Payment Method



Sunnankar
member
Posts: 6


We are a couple of attorneys selling politically sensitive digital products for protecting basic human rights like freedom of speech and have been receiving an increasingly larger number of requests for the open-source BitCoin as a payment option. Currently, all of them are handled manually but we would like to automate this via E-Junkie or some other method like Zen Cart, etc.

Browsing through the forums I read the request for Dwolla support and reply about the time consuming nature of adding payment options. I think in BitCoin's case because it is open-source software it should not be very difficult or time consuming to integrate as a payment option as there is no third-party to deal with via JSON, API, etc. permissions as transactions are verified and cleared by the open-source network.

If you could please add support for BitCoin I would greatly appreciate it as it would help us cater to our customer's desires and provide a more solid foundation for our business model which means we can keep paying E-Junkie every month :)

The last thing we need is to end up like Wikileaks and their banking blockade with Visa, Mastercard and Paypal which was not compelled by a government but merely because they desired to squash freedom of speech:

http://wikileaks.org/Banking-Blockade.html
http://www.weusecoins.com/


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POSTED ON: December 19, 2011 @ 18:36 GMT -7




E-junkieGuru
E-Junkie Crew
Posts: 3734


We can add your request to our wishlist for consideration as a possible new payment processor to support; however, to be quite frank, I would not anticipate its implementation anytime soon. There has not been a lot of demand from our other merchants for BitCoin vs. other processors we're considering such as Amazon Payments, MoneyBookers and Dwolla, and the latter can apparently handle BitCoin-funded payments on its own, so that may do the trick indirectly.


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POSTED ON: December 20, 2011 @ 15:58 GMT -7




stuffexists
member
Posts: 2


I agree with the thread author. I have been getting increasing demand for bitcoin payments...and its the fact that its increasing that has my attention. I do not know what you mean by 'the latter can apparently handle Bitcoin', but if this is the case t would be helpful to have a guide on implementing this bitcoin payment method. I believe OkPay.com may have recently implemented bitcoin payments as well? They are likely more compatible then dwolla.


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POSTED ON: December 24, 2011 @ 10:23 GMT -7




Sunnankar
member
Posts: 6


@stuffexists, I have actually got a shop up and running for digital goods and there is only payment via bitcoin but the problem is I cannot currently accommodate my affiliates. You can see how it works:

http://www.howtovanish.com/bitcoin/index.php

Because there are NO transaction fees, monthly bank account fees, or chargebacks and one's bitcoin wallet cannot be frozen therefore I greatly prefer bitcoins to Google Checkout or Paypal.

Had a horrible experience with Paypal freezing my account in order to simply verify the address while I was on vacation. I cannot have that kind of risk introduced into my business as it resulted in my affiliates, independent contractors and virtual assistants getting paid late.

So we have switched to bitcoins since one's wallet cannot be frozen. The next piece is to switch over most of my revenue streams to bitcoins but I want to keep most of my affiliates and have the system easily administered like through E-Junkie. Plus, with all the risk with banking institutions I feel safer with my cash in bitcoins instead of dollars or euros in bank accounts.

FYI, the code for creating the bitcoin shop is open-source on Github and fairly simple manipulate.

https://strongcoin.com/blog/bitcoin_micropayments_with_strongcoin


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POSTED ON: December 24, 2011 @ 12:51 GMT -7




stuffexists
member
Posts: 2


looks like https://bit-pay.com/ and https://www.btcinch.com/ are options as well. Not sure how these integrate with e-junkie.com yet.


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POSTED ON: December 24, 2011 @ 14:37 GMT -7




jrockdc
member
Posts: 2


I also request that you add the bitcoin option to e-junkie checkout. I currently have paypal pro, but have been getting requests for bitcoin as well. Incorporating bitcoin into e-junkie would be a great way for you and your customers to get new clients.


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POSTED ON: February 9, 2012 @ 08:23 GMT -7




Sunnankar
member
Posts: 6


I am not sure the Chef understands that bitcoin is not a 'payment processor' but its own form of currency based on open source software. Consequently, there would not be any third-parties to deal with in implementing it with e-junkie.

www.bitinstant.com lets people deposit cash into one of 10,000 branches throughout the US and then have $$$ to buy bitcoins within about an hour which can then be used to purchase items. So this would be an additional useful service to be able to sell digital products for cash in a fairly quick way; we used to accept physical envelopes through the mail.

The code has been written to handle micropayments:

https://github.com/ianpurton/StrongCoin.com-Payments-API-Example

What would be nice about incorporating it into bitcoin is the ability to integrate the affiliate program. Several of my colleagues want to start using bitcoins for their products also.


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POSTED ON: February 9, 2012 @ 10:56 GMT -7




jrockdc
member
Posts: 2


I think what most of us would like is to have the "pay with bitcoin" button/option present in the cart alongside "pay with paypal" and "pay with credit card" for those who use paypal pro. Maybe this is doable already, and I just don't know how to do it.


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POSTED ON: February 9, 2012 @ 14:29 GMT -7


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