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Accept payment in Bitcoins

Patrick O'Laughlin
suggested this on March 27, 2013 15:25

Bitcoin has seen dramatic growth over the last few months.  Major sites are now accepting Bitcoins as payment for goods and services.  These include Wordpress.com, Namecheap.com, and OKCupud.com, with more jumping on board every day.  There are many advantages to Bitcoin for merchants.  Please add support for Bitcoins!

 

http://www.weusecoins.com

http://www.bitpay.com

http://www.coinbase.com

 

Please let me know if I can answer any questions about Bitcoin.

 

Thanks for your consideration!

 

Comments

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Patrick O'Laughlin

Also check out http://www.bitcoin.org

March 27, 2013 15:25
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Bruce Osborne
Ting Army

I expect Ting might consider that if Sprint & Verizon can be convinced to accept Bitcoin as payment from Ting.Verizon is a voice roaming partner for Ting.

Otherwise, Ting would need to finance your Bitcoin experiment with US Currency to pay Sprint & Verizon for your services used.

March 27, 2013 15:29
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Patrick O'Laughlin

Actually, the BitPay service allows the merchant to receive their payments in their local currency by direct deposit on a daily basis.  Ting would never have to touch the Bitcoins if they didn't want to.

 

https://bitpay.com/bitcoin-direct-deposit

March 27, 2013 16:34
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Patrick O'Laughlin

Coinbase provides a similar service, allowing merchants to cash out their Bitcoins into USD the next day.  https://coinbase.com/merchants

March 27, 2013 16:35
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Andrew Costen
Ting

For the time being we'll be sticking with our current billing options, though anything's possible in the future.

March 27, 2013 18:57
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Paul McElroy

This would be really nice.  Plus I think you'd be the first mobile provider to offer service payable in Bitcoin.  The Bitcoin community has been waiting for such a service too, so there's that.  Also, Andrew, you'd be able to offer payment in Bitcoin, but receive payment in USD through a service like Bitpay (they're currently the Paypal of the Bitcoin world).

You should make an intern investigate! Ha ha.

May 02, 2013 19:36
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Cindy Butler

I know this thread is old, but it would be amazing if you guys would consider accepting bitcoin. Alternatively, many people who use bitcoin will buy gift cards from Gyft using bitcoins...

November 05, 2013 19:46
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Patrick O'Laughlin

I think you should reconsider this request.  Since the original request was made, bitcoin popularity and adoption has skyrocketed.  Ting could be the first legitimate US cell phone carrier to accept bitcoin. This would result in a massive amount of new business as there is an entire community of thousands of people who are just waiting to pay for their everyday needs with bitcoin.

 

Your recent blog post mentioned T-Mobile replicating some of the things Ting has been doing.  T-Mobile could gain a competitive edge over Ting by accepting bitcoin.  Ting really needs to beat T-Mobile to it.

 

Thanks for reading!

January 23, 2014 10:28
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Ryan Highland

Ditto what Patrick said. Beat the crap outta t-mobile :)

January 23, 2014 11:01
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David King
I'll pay with bitcoin, when it's an option. Ting will save money compared to what they're paying now to process a credit card transaction.
January 23, 2014 11:03
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Martin Mitchell
Ting

Accepting bitcoin isn't something we're currently working on, however it might be something we would consider down the road.  We'll keep you posted!

January 23, 2014 12:20
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Charles Atkins

An ideal solution may be to partner with CoinBase.  One of the difficulties with Bitcoin as a service business is being able to use automatic payments given that the customer has to explicitly initiate the transaction.  By using CoinBase, Ting would be able to automatically bill a user via bitcoin and still recieve USD directly.  Thus Ting would be able to not have to really mess with holding, spending, or using bitcoin, they would simply receive USD directly.  And with only a 1% transaction fee it will likely be a fair amount cheaper than your existing credit card processing.  I'd imagine given how competitive your rates are, there's a fairly slim margin that you already operating on.  This would definitely give you a bit of an edge here.  And of course you could always require that a credit card be on file as well for a backup in case the users BTC transaction is denied.  I would most definitely pay ting with BTC!

February 05, 2014 16:03
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Monte Ohrt

Consider that if Ting accepted Bitcoins:

1) no 3% credit card fee / chargebacks

2) no personal information to pass/store on a bitcoin transaction (think Target Stores breach)

3) You will rally in quite a few new customers being the first cell phone company accepting Bitcoin

February 06, 2014 16:07
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John Rilinger

I'm not sure you all at ting.com are ready for the explosive growth and exposure your company would face if you started accepting bitcoin.   With Overstock.com experiencing $120,000 in there first 24 hours of accepting bitcoin, and TigerDirect somewhere around $500,000.  Ting is probably not setup for the kind of growth that would come.  You might have to hire a couple new people to keep up.   Even though payment options could be fully integrated in a day or two, and you'd never even have to touch a bitcoin, the growth potential is really the problem.  You would be making to much money, and stealing to many customers away from the major providers it wouldn't be fair.  Youd be liable for taxes on all that extra income as well. no one wants that. right?

Also with all this animosity lately about apples removal of bitcoin related wallet apps.  I think we a perfect storm of dissatisfied customers ready for a change.  Again, to many people would be ready for your service, i don't think you could handle it.

Perhaps sometime in the future when the 1st mover advantage has passed and all the major providers have already taken steps in that direction, perhaps then, as the fires have died down a bit, you might accept bitcoin as payment so as not to have to many customers and remain a small and manageable force.

Best of luck to Ting!

I'm a big fan!

Starting an account with Ting isn't something I'm currently working on but I'll start an account the minute i get word you accept bitcoin. Probably before then actually,  :)  I really like your service. Looking forward to it.

February 06, 2014 16:23
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William Swanson

I use Ting because they awesome and quite affordable. However, I would happily switch to another service provider, even if their plans and service are far worse, simply for the ability to pay with Bitcoins. Therefore, I really, really hope Ting becomes the first mobile service provider to accept bitcoins. I love you guys, and don't want to switch.

March 02, 2014 02:28
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Jesse Winckler

I would like to see Ting be the first phone service accepting Bitcoin. It probably would bring in more users than TIng can handle at the moment. They need to take advantage of this opportunity. Count me in.

April 22, 2014 12:40