3 ms·
As a crypto enthusiast I looked into what it would take to accept ADA payments on my membership site without relying on a payment provider. I was surprised by t
by sentrms 4y ago
As a crypto enthusiast I looked into what it would take to accept ADA payments on my membership site without relying on a payment provider. I was surprised by the quality of the documentation and realized it was quite feasible to implement. I decided against it as the sentiment around crypto (even a proof of stake chain like Cardano) would probably have a negative net result on customer acquisition and retention. It would have been a fun endeavour with a potential poor outcome.
- ben165 4y agoYes, that's a big problem. You might harm your reputation including a Crypto payment option.
- pvinis 4y agoThere are people, myself included, that appreciate a crypto payment inclusion. I am proud to say I have used crypto to buy a physical souvenir, a steam game, and a yearly subscription to a service. I would gladly do that more if they allow me.
- Ekaros 4y agoJust out of curiosity. What is the fraction of these transactions in crypto compared to those with other payment methods?
- pvinis 4y agoCompared to my other transactions? Very small. The best "comparison" I can make is this: - I buy random shit online every now and then, also from Amazon. That one souvenir I got for me and a friend was about 40 dollars worth, and I paid with crypto that time. - I buy steam games maybe one every 3 months? So buying that one game with crypto is a small percentage, yes, but also probably the next game I'll get will also be with crypto payment, so it will increase the percentage slowly? - For the service, I have paid maybe 15 dollars for similar services in my life. That one that accepts crypto is also the best one I have found yet, and to that I have paid about 80 dollars so far. So for that, the percentage is up there, and I'll continue paying them that way!
- knorker 4y agoThere was a HN post a year or so ago from a guy running an e-commerce site who said they get orders of magnitude more requests for paying in cryptocurrency than they actually got as sales with it. His experience was that basically nobody who asks for it are asking because they are potential customers, but because more sites showing the bitcoin logo means their Bitcoin portfolio goes up because people start believing it's real. Asking for cryptocurrency options is basically market manipulation, not an actual request.
- desindol 4y agoYou are proud because you used a specific form of payment?
- pvinis 4y agoYes. I am proud to be one of the few that have used crypto to buy something "regular". To use that thing in the way it is promised to be, and not as gambling or scams. So yes, I'm proud to have done that.
- desindol 4y agoThat’s what everyone was doing in the early days. Hell, I paid a small fortune for a pizza in 2012. It still would never cross my mind to be proud to use any form of payment that’s just preposterous.
- pvinis 4y agoAgree to disagree, I guess. I'm glad you did use it for pizza back then, and I hope more of us use it for pizza in the near future. You are one of the few that don't just gamble and buy nfts.
- rvz 4y agoSo Stripe is harming their reputation for offering crypto payment services? Same with Moneygram? I don't think so. They waited long enough for regulatory clarity on crypto (and still are waiting for other rules to go through) and they have already deployed their offerings today. So there is no 'big problem' and those companies are choosing the cryptocurrencies that will survive regulations.
- sshine 4y agoI tried buying ADA two years ago. Practically impossible.
- sentrms 4y agoI bought some last week with the mobile Revolut app. It was dead easy. The 2.5% fee is a bit much for my liking though.