what do you think about bitcoin

[smithritz]

I have several online business that offer services... is bitcoin a great addition as a payment method to my online businesses. currently I'm observing that some of my competitors have already implemented it as a payment method

[smithritz]

anyone with some experience and advice about this?

[JeffreyNevil]

It certainly seems to be gaining momentum, but I'd suggest the time isn't yet right to jump on board unless you're selling something that your customers would like to be able to buy anonymously.

You have to consider the circumstances whereby somebody would need to pay by BitCoin. Are those people your customers?

[compevo]

We too had some of the same concerns for many reasons about Bitcoin until recently. If you use a service such as Bit-pay there are only benefits and virtually no risk. We prefer it over any other method aside from services like PerfectMoney or WebMoney which are also secure (no chance of a chargeback or reversal). In fact we see credit card payments becoming obsolete in the future for many reasons especially because traditional credit cards and merchants often put non-tangible products at a disadvantage (eg. fraud is hard to prevent and fight even if you can prove the charge was valid and authorized).

Here is a recent blog posting we did that addresses most or all of the issues and we hope some find it useful:

https://compevo.com/blog/now-accepti...hrough-bitpay/