Accept payment in Bitcoins

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!

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Comments

58 comments
  • Dell gets it:

     

    Dell Verified account ** ‏@Dell**

    “If you’re a retailer, there’s really no reason not to accept Bitcoin at this point” http://del.ly/6018lYHE  via @nytimes

     

    I would love to pay with bitcoin, and it will save you on credit card fees.  It's a win win!

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  • I'd love the option to pay in bitcoin! I really dig Ting but if another cell provider started accepting bitcoin and Ting didn't... I'd switch.

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  • T-Mobile Poland is now taking payments in Bitcoin[1] and is even giving a 20% bonus to customers who top up using Bitcoin, reflecting the savings that T-Mobile enjoys thanks to Bitcoin's negligible fees and absolutely zero fraud rate. C'mon, Ting. Bitcoin is the future. Be forward-thinking!

    [1] http://digitalmoneytimes.com/crypto-news/t-mobile-poland-heyah-now-accept-bitcoin-for-mobile-top-ups/

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  • Ting, you might also consider accepting bUSD if you dont like bitcoin volatility and don't want to use a 3rd party payment processor.  bUSD has all the same benefits as bitcoin and maintains the value of US dollars.  You also earn interest on your balance.  More than what you get at a traditional bank. You don't have to trust a 3rd party with you funds either, you're always in control.  Read more about bitAssets and how they work at bitshares.org .  Then you could easily accept any of the other bitAssets as well.  Like Gold, Silver, Oil , Yuan, Yen, Rubles, Canadian dollars, Euros etc. etc... they all earn interest.  I'm not aware of anywhere else that you can earn interest on gold.

     

    Also something interesting is ShapeShift.io has made a tool they're calling "shifty button" https://shapeshift.io/tools.html  that essentially allows you to accept any altcoin and it instantly converted to whatever coin you want.  Whether its bUSD or bitcoin it doesn't matter. 

     

    If your waiting on a solution for recurring payments, BitShares is also working on a solution to this.  Its not ready yet but its coming. 

     

    Thanks for the awesome service!

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  • Any additional payment processing adds business overhead & complexity that must be justified.

    If this were considered, it would probably be a very low priority. There are many other investments that have better results in growing Ting's business success.

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  • Bruce, I would like to point out that adding bitcoin as a payment option should not require much time at all to do, and literally zero cost (https://bitpay.com/pricing).  Even if you spend a few man hours (at most) to set it up that will be made back by keeping what would otherwise to go processing fees when customers like myself pay our bills in bitcoin.  At this point there is really no reason not to accept bitcoin.  I have referred quite a few business and other organizations over to Bitpay and they have all had a painless and cost free setup.

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  • I am not a Ting staffer, so I cannot changes things any more than you can.

    You must be naive if you think there would be no business costs. At a minimum, the process would need to be documented and support staff trained.

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  • There are a non-trivial number of hardcore Bitcoin users who would strongly consider switching to Ting just to reward Ting's decision to accept Bitcoin.

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  • You mean tens of thousands?

    Ting is not interested in creating an app for their thousands of Windows clients. I assume it would take at least tens of thousands for them to consider something like this.

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  • I guess I don't know what "Ting Army" means.  There are no dollar costs, like I said a few man hours and I think that could be easily made up be new bitcoin customers, free press for the company, and no longer paying fees on payments from current customers who switch to paying with bitcoin.  Many large business have posted publicly about how easy it was to implement.  Dell, Overstock, Newegg, Microsoft to name a few. 

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  • I think tens of thousands would be very optimistic for the first year, however adding a bitpay button to the checkout is a trivial effort compared to creating an app for a new platform.

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  • The Ting Army is just a group of users that helps Ting with some testing. See https://help.ting.com/entries/21691251-Join-the-Ting-Army-

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  • It's going to be several more years before the demand for using Bitcoin is high, maybe longer in the US. The reason to do it now, is simply to be the first. Bitcoin users are zealots . I know, because I am one. If another cell phone provider starts accepting Bitcoin, I would drop Ting, and go to them for this one reason alone. Bitcoin is changing the world, and I want to do business with people who want to be part of that. Besides, it cost almost nothing to have the ability to accept Bitcoin, even if no one uses it for the time being.

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  • I just referred a friend to Ting. She's moving over from Tracfone and had the hardest time finding a way to pay for Ting, as she doesn't have any credit cards or bank accounts. She does use Bitcoin, though, and would have liked to see an option to pay Ting with Bitcoin. (We even investigated buying Amazon gift cards with Bitcoin through Gyft and paying Ting through Amazon, but Amazon gift cards only work when purchasing directly from Amazon. sadface)

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  • Matt, Ting's billing model is based on a no account receivable. Meaning that they don't bill. There is a lot of administrative cost associated with billing, so this model help them keep your rates low. You have to give them authorization to charge your CC per the billing agreement. This is probably the biggest obstacle with regard to accepting bitcoin as well. Bitcoin is is push payment system, which doesn't allow for this type of payment model. For your friends situation, the best idea I can come up with, is to get a pre-paid card, and keep enough money in there for the Ting billing. One obstical I see, might be that some pre-paid cards don't allow international purchases. Ting is a Canadian company, so that might be a problem.

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  • "Bitcoin is is push payment system, which doesn't allow for this type of payment model."

    There are ways to make it work with that model.

    Ting creates a bitcoin wallet for each account. Customers deposit bitcoin in their Ting wallet. Ting draws from that wallet, the same as they do now with your debit card. Same rules apply if money isn't there when the bill drops, except nobody gets hit with NSF/overdraft fees.

    Problem solved. Can we pay with bitcoin now?

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  • this would be a wonderful feature to have. I am trying to pay all of my bills with bitcoin, and if another cellphone provider accepted it first i would consider switching to them for that reason. Even if my phone bill goes up a bit

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  • Having bitcoin support would be so great

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  • RingPlus let me pay in Bitcoin.  Like another user, would definitely be willing to pay a premium to pay phone bill with Bitcoin.  Tello is better deal for me and will switch there permanently once my RingPlus credit expires, but Ting would win me over if they took Bitcoin.

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  • Oh no... I used to be willing to pay more to use Bitcoin, but no more. A business that accepts Bitcoin doesn't have to pay CC transaction fees, doesn't have to worry about charge-backs. Bitcoin value has a proven track record of increasing in value. Businesses should incentivize people to use Bitcoin. Accepting Bitcoin has many advantages already. I would not be willing to pay more to use Bitcoin. I would however, be less likely to switch to another carrier because of lower price, if I was able to pay Ting with Bitcoin.

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  • Considering how Bitcoin and "Bitcoin Cash" are growing > 10% per month - this will be very good for Ting.

    I too would be willing to pay a premium for the ability to use Bitcoin or Bitcoin Cash.

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  • As it stands, we're comfortable with our current payment methods. Bitcoin would add needless complexity to our payment system. 

    We have no current plans to implement Bitcoin payments into Ting.

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  • That's quite understandable, as change is hard. Bitcoin is a very different payment method, and with that would require rethinking the payment model, and training of personal is not without cost. I will tell you however, If I do  find a cell phone company that allows me to pay with crypto currencies, I will likely switch. Being able to pay privately, without having to worry that you're gonna get hacked, and loose my personal info is a feature that would be irresistible to me. But for the time being, it looks like you're safe. ;)

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  • Even if we did start "accepting" Bitcoin, we would have a service similar to other 'major' brands when they accepted it (Dell has since stopped) wherein we immediately sell it via a payments processor. 

    The way our billing system works, we need a recurring "pull" payment method, and Bitcoin does not allow for that. Some wallets do, but that would add needless complexity to how we do business, especially given that most Bitcoin transactions are "push" transactions.

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  • Wouldn't it be possible to just set it up through coinbase? That way you could set up pull requests and they would go through when the person had money in their account and if they didn't then coinbase could pull it off of their credit card?

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  • Assuming all good-faith actors, yes. And if Ting was a prepaid service, that would work great. Pull money, deliver service. 

    Because we're a postpaid service, we collect payment after services have been delivered, and we sometimes get left holding the bag when payments do not clear. And if the end result is paying another third-party company on top of our payment processor only to collect payment via an on-file credit card, it makes more business sense to cut out as many 'middlemen' as possible to keep our rates as absolutely low as we can while being sustainable, promoting growth and covering costs.

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