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To Accept Bitcoin / LiteCoin Payments or not to - that is the question

January 23, 2014 3:17am

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  • #1 / Jan 23, 2014 3:17am

    elcommerce

    1 posts

    Hello all, I think this is the right place in the forums for this question, if not please move it mods.

    There has been a lot of news recently about BitCoin as a new form of borderless currency, followed by LiteCoin. In the last few weeks, OverStock announced accepting the currency, followed by Zynga… I can only surmise more and more storefronts will accept it.

    So.. Does anyone here have any experience accepting these kinds of payments? I think having more payment options leads to increased conversions.

    In this case I found some payment processors that will accept Bitcoin payments and pay in USD or other currencies, which makes a lot of sense. I’ve found http://www.gocoin.com and bitpay.com as some payment processing gateways… However, Gocoin.com also accepts Litecoin, and seems to be the only processor accepting this currency so far.

    Anyone have any experience with these currencies? Is it a good idea to have it anyways? Curious on any experience here on the issue.

    Thanks for any and all replies! =)

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