Posts Tagged ‘Coinbase’

Intuit’s QuickBooks to Help Small Business to Start Accepting Bitcoin Payments

25, Jun 2014

intuit-quickbooks-bitcoin-payments

Today comes another very interesting announcement coming from Coinbase that will help the adoption of Bitcoin as an alternative form of payment for products and services. They have partnered with Intuit’s QuickBooks Online to offer PayByCoin, a new service that will enable small businesses to accept bitcoin payments. Check out a site like https://www.fourlane.com/intuit-quickbooks-enterprise/ for more info on the use of Intuit’s QuickBooks.

 

How does it work?

  • Small business operators register with Coinbase and link their bitcoin wallet to their QuickBooks Online account.

  • When a customer receives an invoice, they now have the option to pay by bitcoin, in addition to existing methods such as credit cards and bank transfers, while also for business manage employees they should learn the paystub issues to avoid so they don’t have any issues with this.
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  • Intuit does not currently charge a fee for this new service. Coinbase does not charge any fees for the first $1,000,000 USD in bitcoin transactions; after that, a 1% payment processing fee with be charged when converting bitcoin to USD.

 

Just last year, Intuit processed approximately $40 billion USD in payments and by making bitcoin payment an option for the 624000 small businesses using QuickBooks Online this can significantly help in the mainstream adoption of Bitcoin as an alternative form of payment.

– For more information on the Bitcoin integration you can visit Intuit’s PayByCoin page here…

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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