Forum Solo ads Do we need BitCoin at Udimi?

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626 posts / 570 likes

I am thinking about adding this currency to Udimi.

Benefit for sellers will be super low or none commissions for payment processing.

Best, Uncle Dimitry.

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160 / 3
220 posts / 41 likes

the thing is how does it work I mean one bit coin is like a thousand bucks isn't it?? or how are the dominations worked out... not totally understanding that currency but definitely a better option than PP or Payza and the like...!?

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626 posts / 570 likes

you can buy 0.0001 btc

160 / 3
220 posts / 41 likes

oh where as joined one place it said current rate was like $1500 or something hmm where Uncle?

what's .0001 cents or less than?

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626 posts / 570 likes

you maybe should google Bitcoin and learn how to use it. It is free

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3 posts / 1 like

mm trying to be helpful and skipping Rick the Google part https://bitcoin.org/en/getting-started

160 / 3
220 posts / 41 likes

Ok thanks Justin will have a look....

Ok as I said before this is the going rate for ONE bitcoin $343.18 per bitcoin so I guess out of my league and how does the pay a $20 order or something hmm... ok seen it says a faction of a coin so how will that work I think too confusing or not to pay for items ie solos/adverts here?

Anyway will have a look at other places but as I said pretty expensive...!

Ok .1179 of a bit coin is $50, hmm...

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626 posts / 570 likes

You'll need to buy 0.02 BTC if you want to have a solo $10 worth

1526 / 1
239 posts / 246 likes

As long as I don't have to waste my time dealing directly with BTC then I am fine with it.

I just want my payment sent to PayPal as always.

Instead of BTC why don't you consider Skril.com . Lots of people like it.

BTC is trendy, but low adoption rate,

My opinion it is best to keep everything in dollars. It's simple, legal and everyone understands it.

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626 posts / 570 likes
Heather Alessandra
Heather Alessandra on 7 Nov 2014 at 17:38

As long as I don't have to waste my time dealing directly with BTC then I am fine with it. I just want my payment sent to PayPal as always. Instead of BTC why don't you consider Skril.com . Lots of people like it. BTC is trendy, but low adoption rate, My opinion it is best to keep everything in doll

will definitely take a look at Skrill

160 / 3
220 posts / 41 likes

Like bitcoin as an alternative too... sound cool... most solo are at least $40 uncle for 100 so would be around .1 for that...

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3 posts / 1 like

Uncle, I understand it ultimately is to benefit sellers, with reduced or even no commissions for payment processing, but as a buyer, unless the step by step to buy is very simple and "in your face".. I may eventually be turned off by this. Just my 2 cents..

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626 posts / 570 likes
Justin Lam
Justin Lam on 8 Nov 2014 at 01:17

Uncle, I understand it ultimately is to benefit sellers, with reduced or even no commissions for payment processing, but as a buyer, unless the step by step to buy is very simple and "in your face".. I may eventually be turned off by this. Just my 2 cents..

looks like you are right

160 / 3
220 posts / 41 likes

Yeh hard to obtain these bitcoins(you need a wallet as such too) as can go to bank have a turnaround period to receive too from what I heard.. a lot places sellers have min purchase as well... for me an option is ok if have no other in a squeeze but generally I would use PP and Payza simple the others I have never heard of, but if easy to setup no point in not having the options it's good... Rick Ling

1526 / 1
239 posts / 246 likes

Uncle D, one other aspect of BTC you didn't consider is that Udimi is at HUGE risk for fluctuations in BTC based on your structure.

For example if someone buys a solo 2 weeks out and BTC is trading at $380 and then it is trading at $300 just after solo is completed your liable for that decline. You potentially could loose a lot of money. Likewise you could gain but why take that risk.

Leave BTC to those who want to sell drugs or other elicit items cause there is really no other use for it outside of that. Good credit, a high limit Visa or Amex beat it any day.

Payza, Skrill are all good PayPal alternatives. There is also Google Wallet or even Amazon Payments.

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626 posts / 570 likes

looks like we don't need BTC, but pair alternatives to PayPal.