Posts Tagged ‘Bitcoin payment’

Microsoft Starting to Accept Bitcoin Payments

11, Dec 2014

microsoft-bitcoin-payment

Microsoft has announced officially that thanks to a partnership with the crypto currency payment processor BitPay they are now starting to accept Bitcoins as a form of payment from users. Starting today you can trade-in Bitcoin – at current market value – and add it to your Microsoft account and then the funds can be used to purchase content in the Windows Store, or in stores that house Xbox Games, Xbox Music or Xbox Video. While the virtual currency can be used to put funds into Microsoft accounts, it can’t be used to pay directly for other Microsoft products and services other than the content mentioned.

Starting today, Bitcoin should appear as an option for those wishing to add money to their Microsoft accounts. If you want to transfer your Bitcoins, you first need to select the amount of money to add to your Microsoft account. BitPay calculates the equivalent amount in Bitcoin and delivers that information, along with a BitPay Bitcoin address and payment instructions. You then pay the displayed amount of Bitcoin from your wallet to complete the transaction. There is a cap on how much you can exchange per day: $1000 USD (or its equivalent in your country or region’s currency) to your Microsoft account on any given day, and no more than $5000 USD to additional Microsoft accounts that are registered in your name or by you.

Expedia Starts Accepting Bitcoin Payments for Hotel Booking

12, Jun 2014

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Expedia, one of the largest online international travel agents, has announced that they are stating to accept Bitcoin as a form of payment for hotel purchases. Expedia has partnered with Coinbase as the payment processor, just like another big company that recently announce their plans for starting to accept Bitcoin payments, namely Dish Network.

“Expedia, Inc. is in a unique position, as one of the world’s leading online travel agencies, to solve travel planning and booking for our customers and partners alike by adopting the latest payment technologies,” said Michael Gulmann, Vice President, Expedia Global Product. “We’re continually looking at ways consumers want to pay for their travel; bitcoin is a great example of how Expedia is investing early in an array of payment options to give our customers and partners more choice in the ways they interact with us.”

Expedia’s customers can easily find and select Bitcoin as a payment option at check-out along with all other methods accepted on the site, including Visa, MasterCard, American Express, Discover, JCB, Diners Club and PayPal. To purchase hotel reservations using the newly accepted currency, customers simply indicate Bitcoin as their method of payment and then follow a few steps to safely and securely complete each transaction. Expedia will not collect or hold any Bitcoin from the payments they get, it will immediately convert all customer Bitcoin transactions into U.S. dollars as pretty much most other companies accepting Bitcoin as a means of payment do in order to minimize the risk of BTC price dropping.

On a side note, Google Finance has just launched a Bitcoin price tracker, not long after Yahoo! Finance has added a price ticker for BTC as well. This is a direct response to both the companies and their users gaining more interest in the crypto currency as it continues to get wider adoption.

DISH to Start Accepting Bitcoin Payments from Customers

29, May 2014

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The USA-based DISH Network has just announced that it will become the largest company to accept Bitcoin as a means of payment from customers starting the third quarter of the year. DISH has selected Coinbase as the payment processor for Bitcoin transactions with customers who choose to pay their bill online. The company will use Coinbase’s Instant Exchange feature to exchange Bitcoin payments to U.S. dollars at the moment of the transaction.

“We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills,” said Bernie Han, DISH executive vice president and chief operating officer. “Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”

The Bitcoin payment option will be available for DISH customers choosing to make one-time payments on mydish.com for pay-TV subscription service and of course customers will still have the option to make any payment online via credit card, debit card or bank account.

In fact it is relatively easy for businesses to start accepting Bitcoin payments the way DISH did with the help of a Bitcoin payment processor with the option to exchange the payment from Bitcoins to USD or other currency on the fly. This way the company getting the payment still gets paid the same amount of USD for its services, regardless of the current Bitcoin exchange rate. And the customer paying in Bitcoin will just have to pay a different amount of coins depending on the current exchange rate.


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