Litecoin and/or Bitcoin Payment Processing

Anyone start accepting bitcoin/litecoin payments?

[intocommerce]

Hello, this is my first thread on a subject I don't know much about... Bitcoin and Litecoin payment processors. I'm curious to use this payment method and wonder if anyone else has any experience.

So far I've found bitpay.com and www.gocoin.com as payment processors for Bitcoin. However, Gocoin.com also processes Litecoin on top of btc (the only place I've found that does both currencies so far.)

Has anyone used GoCoin? I've read that Overstock got over 100k revenue in a day just by adding bitcoin payment, and Zynga also added bitcoin support.

Anyone with some experience on this out there?

[Tonearm]

coinbase.com is another option.

[HRoth]

I have been branching out into art and received a newsletter this morning from a large art print site I sell off. It was encouraging artists to accept bitcoin and was written by the owner of one of the largest art printers in the US. So now I am wondering if this is really going to become accepted by regular folk. Tonearm, did you incorporate it into your site and has it made a difference if you have?

[Tonearm]

I haven't incorporated it but I (everyone) will eventually. I read coindesk.com daily and it's clear where this thing is headed.

[MarkOly]

Dang, this gets confusing - [en.wikipedia.org...] . I'll have to look at it again when my brain is fresh.

I like the second part of this though: "Bitcoins can be stolen, and chargebacks are impossible."

This is interesting. [From [money.cnn.com...] ]:

"The price of bitcoins has since tumbled from above $900 to $618 as of Monday. That massive drop makes it a dangerous investment and difficult to use as a currency."

""The currency is far from being stable, and it probably won't be for a while," said Harvey, CEO of Lamassu. But that makes bitcoins maddening both for consumers and the businesses that accept them. The constantly changing value is what drives Ryan Hurley's law firm in Scottsdale, Ariz., to cash them out every day in U.S. dollars."

If you use them, I guess you're just hoping that the fluctuations balance out over time. And if you cash out every day, you can help minimize that.

[Tonearm]

And if you cash out every day, you can help minimize that.

Exactly. I don't know why people cite volatility as a reason not to use Bitcoin. Just cash out every day.

[hnguyen1484]

I think the problem with bitcoin is not merchant not willing to accept it. Its the user. I think most people bought bitcoin (which I find a pain in the butt) and treat it like an investment. When it goes up, they'll keep it and when it's down they're not willing to spend it. This reminds me of gold, it's a currency but not used for transaction (at least in america). Just out of curiosity, what would be the reason for you to move to bitcoin payment ?

[Tonearm]

Infrastructure. Right now I don't bother using bitcoin to pay for anything. But there is a full-scale race on to see who can build the coolest stuff on top of bitcoin and you and everyone else *will* use those tools. :)

Remember what a pain in the butt the internet was over a 14.4 kb/s dial-up connection?

[particleman]

I integrated bitcoin payments into my cart/sites using Coinbase. No orders through bitcoin yet, but one of the reasons was just to show my support of crypto currencies. It was actually pretty easy to do.