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I don't know the proportion, but coincidentally enough, I work at a startup that uses Stripe and we used to support bitcoin transactions (and thus refunds). I j
by elnado 10y ago
I don't know the proportion, but coincidentally enough, I work at a startup that uses Stripe and we used to support bitcoin transactions (and thus refunds). I just asked a friend who's been here longer why we're not supporting bitcoins anymore and his response was "exchange rates were a huge pain" haha so yeah it is indeed convoluted to do refunds with bitcoins, but if we are to attempt to use them as regular currency for goods and services, we can't not support refunds. so we dropped bitcoin support altogether.
- cperciva 10y agoWas that bitcoin support manual, or through stripe? I would never want to deal with bitcoin payments manually due to the exchange rate issue; but taking them through stripe works wonderfully.
- elnado 10y agoHmm digging through our old code looks like we never tried to use Stripe, for reasons unknown to me (maybe their support/requirements were different back then, maybe it didn't work for our product, idk). But yeah, especially after reading this article, handling bitcoin payments and dealing with the exchange rate sounds unfavorable lol :) glad we're not doing that.
- cperciva 10y agoThat's my point - with stripe, you don't have to deal with the exchange rate. You say "I want $X" and magic happens. Stripe takes care of the messy details of fluctuating exchange rates.
- elnado 10y agoSo that's not entirely true depending on how you use the product. We were attempting to use Stripe for a contract-like setup, e.g. person A pays person B, but person B doesn't get paid until some event occurs, and we hold on to the funds until that happens since that expiration of that event isn't guaranteed to be under 10 min.
- deleted 10y ago[deleted]
- homero 10y agoStripe and Bitpay handle everything, there is no huge pain