What is necessary for a Hotel to accept Bitcoin as a payment method?


Depends on your budget or technical expertise I guess.

A. Install a wallet and create a new address. Post this address on the hotel's website and you are ready. This is the low tech solution and you would manually have to check the balance to see what payments are received.

B. Use a gateway like BitPay. It works like a Paypal for Bitcoins. The payment will be handled by BitPay and BitPay will send the coins to your address or convert them to fiat currency for you. This is probably the option you are looking for but BitPay takes a little fee of course. Coinbase or BIPS are alternatives.

C. Hire a developer to do the integration for you. This lets you customize the way you want it but is probably way more...

0 0

It has been suggested that this article is merged with Merchant Howto.

This guide is intended for small business owners who wish to help promote Bitcoin by accepting it as payment for goods and services. It's written with the assumption that you operate a regular business that sells goods or services for regular national currency such as dollars, and that you wish to accept Bitcoin as another legal way to pay, and that you intend to pay taxes on your Bitcoin income just like any other income.

With Bitcoin being touted as a way to conduct anonymous transactions and as way to compete with government currency, many small business owners wonder what's the right way to accept and account Bitcoin, or if it's legal or ethical, or whether and how they should pay taxes on income received through Bitcoin.

Bitcoin has been formally recognized by some governments and authorities as a "currency", but in practice, Bitcoin is no different than accepting payment in other forms...

0 0

How to accept bitcoin! Small business have quickly found out that companies who accommodate people that are using Bitcoin as a form of payment for their goods and services, are making a fortune. Thus, I felt that this article is beneficial to small businesses and individuals who want to know how to accept bitcoin payments. Bitcoins mean fast transactions with lower costs and no charge backs. Bitcoins are getting loads of attention in the media and I think all businesses including smaller ones should take advantage. There are tons of information on how to accept bitcoin payments available on the Internet, but this article will list steps to begin processing Bitcoin payments in the simplest form.

First, you would need to establish a sign that establishes that you accept bitcoins as a payment method. Then there are two basic options that can be used to start the process thereafter. The first would be to simply create a Bitcoin address (recommend: Coinbase) and ask...

0 0

Bitcoin, the mysterious and (currently) volatile decentralized virtual currency that relies on cryptographic mathematics to determine its creation and trade has managed to makes its way into a number of ecommerce sites’ shopping carts as an alternative payment option alongside PayPal and credit cards.

Opinions vary whether the novelty may wear off, the bubble burst or if it will truly disrupt the international banking system as we know it. But the question for ecommerce professionals is whether or not Bitcoin should be considered as a payment option today.

What is Bitcoin?

Bitcoin (BTC) is a peer-to-peer digital dollar that was created by an individual or collective by the pseudonym of Satoshi Nakamoto. Any computer can run a free application called a Bitcoin miner that performs the necessary calculations to create the coin, storing BTC in a free, open source digital wallet of your choice. All churn-and-burn activities are broadcast across the public...

0 0

What Bitcoin can do for your Business

So this Bitcoin thing is great and all but why should you accept it as payment method for your business? Well let me share with you the opportunities that I think Bitcoin can provide your business.

1. Growing your customer base

People in the Bitcoin community are always looking for places / services that accept payment in Bitcoin and once they find them it is not uncommon for them to spread the word. In my opinion word of mouth is the best type of advertising and if you can get one Bitcoin customer to use your service then more are sure to follow.

2. No transaction fees

This one is a no brainer, if you accept credit cards payments then you will be familiar with being charged for every transaction. Compare this to Bitcoin where you can accept payments with Zero fees, setting up a wallet and accepting payments costs nothing with Bitcoin. No longer will you have to pay a 2%+ fee on every...

0 0

As an e-commerce store owner, you want to provide users with as many payment options as possible, but you don’t want to increase your own risk for fraudulent payments. Increased options for your customers mean increased conversions and sales. Bitcoins hasn’t hit mainstream just yet, but several large organizations, including Amazon, have discussed offering it as a payment option. Large organizations have the budget to maintain risk, but small businesses must limit as much of it as possible. If you’re considering bitcoin for your customers, here are some pros and cons.

Pro: Zero Chargebacks

One of the biggest risks for online stores is fraud. You take a credit card payment, but days later you can receive notice that the charge was reversed. You’re stuck footing the bill because you’ve already sent the product. You not only lose money, but you also lose your product to fraud. Even the most secured businesses fall victim to fraud sometimes.

Bitcoin technology is...

0 0

We have been together for quite some time, and the experience has been terrific. We sincerely enjoy our work and the service we were trying to create for you.

Unfortunately, some things have to come to end, and we regret to inform you that time has come for Bitok.com to send our last regards.

To remove all the unnecessary speculations right away, we reassure you, that we have not been hacked, have not gone bankrupt, nor bought by any other exchange. We simply feel, that we will not meet our projected goals with our current pace, and we have to let go now and suspend the services.

From this point on, depositing to Bitok.com will be locked and trading will stop. You may withdraw your balances using any available methods, and our website will be active until the last user does so.

Please do so soon, as methods for withdrawing will be gradually turned off, as we shut down the services, which will give you fewer options.

UPDATE: Starting from...

0 0

Bitcoin, the mysterious and (currently) volatile decentralized virtual currency that relies on cryptographic mathematics to determine its creation and trade, has managed to make its way into a number of ecommerce sites’ shopping carts as an alternative payment option alongside PayPal and credit cards.

Opinions vary about whether or not the novelty may wear off, the bubble will burst or if it will truly disrupt the international banking system as we know it. But the question for ecommerce professionals is whether or not Bitcoin should be considered as a payment option, today.

What is Bitcoin?

Bitcoin (BTC) is a peer-to-peer digital dollar that was created by an individual or collective by the pseudonym of Satoshi Nakamoto. Any computer can run a free application called a Bitcoin miner, which performs the necessary calculations to create the coin, storing BTC in a free, open source digital wallet of your choice. All churn-and-burn activities are broadcast...

0 0

Last updated: 19th October 2015

This year has been something of a watershed, with a number of merchants – some of them retail giants with billions of dollars in revenue – deciding to accept bitcoin in exchange for goods and services. Many of them are online e-commerce sites, but an increasing number of bricks-and-mortar stores are also now accepting cryptocurrency.

While in the past trying to find a bitcoin-accepting merchant for the item you want was often tricky or even impossible, there are now growing options for people who don't wish to pick their way through hundreds of listings just to find products vaguely approximating those they want.

The best way to find bitcoin-accepting merchants is via marketplaces and aggregator sites that gather large numbers of supporting establishments together at once. CoinMap.org also offers a visual way to locate bitcoin stores in any geographical area, and new businesses are appearing all the time. However, CoinDesk has...

0 0

Meet Jack, 27 year old web-designer from London UK. He uses bitcoin to travel abroad.

There are three things in life that make Jack especially happy: top-notch technologies & gadgets, travelling and ergonomic interfaces. Right now, he’s planning to have a trip to Europe and probably visit Southern hemisphere to catch a few sunny days. Overall his formula of determining the quality of the journey sounds like this:

This is very simple — the more reality overcomes expectations, the happier he’d be during the journey and vice versa.

There are some things that can demean the reality: flight cancellations, currency exchange hassle, wasteful hours in foreign banks and airports etc. Let’s see how bitcoin can help to make Jack’s reality more colorful.

At first, a few things he needs to do before he even leave home.

How did Jack travel in the past?

Back to 2010 Jack has travelled in a very traditional way: exchanged GBP to Euros or other...

0 0

The worldwide Bitcoin acceptance

Bitcoin is big. Every day, more new people search for it on web and become interested in its possible uses. Internet users from all over the world rejoice at the news of further and wider Bitcoin acceptance by merchants, big corporations and small coffee shops alike.

In 2014, a range of businesses that accept Bitcoin extended. Overstock, Newegg, Virgin Galactic, Tigerdirect, OKCupid, Zynga, and Microsoft are a few players to name among those who started accepting Bitcoin as a payment method. Their number is still too small, but the trend towards broader adoption is evident. CoinMap, a map-based informational resource, lists over 6200 physical locations which have welcomed Bitcoin as a payment option. It’s not a lot, but impressive nevertheless. Besides, not every store owner has managed to include their businesses to the map yet, which implies there are more of them.

Why do merchants need to start accepting...

0 0

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:

How to buy bitcoins worldwide
Buying Reddit Gold with bitcoin

Will I earn money by mining bitcoin?

Security guide for beginners - (WIP)

Community guidelines

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person...
0 0

Find answers to recurring questions and myths about Bitcoin.

Table of contents


What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010...

0 0

Walmart is dropping VISA as a method of payment because of high fees, Bitcoin provides an easy method for paying just as VISA but with lower fees. Losing VISA as a payment option could affect many people that rely on VISA to pay for items at Walmart. Bitcoin is a great alternative to VISA because of the adoption rate. Currently the Bitcoin market is worth nearly 12 billion dollars US but it's difficult to spend. There are many online stores that accept Bitcoin but few stores that take it over the counter, making Bitcoin an untapped market for many retailers. Overall, Bitcoin is an untapped market that could easily replace VISA and has lower fees.

This article goes into greater detail about Bitcoin replacing VISA: Walmart Canada and VISA Showdown, Will Bitcoin Emerge as the...

0 0

Expedia.com, a full service online travel website, has partnered Coinbase Bitcoin wallet to add the cryptocurrency among its forms of payments for hotel purchases.

Customers can find and select Bitcoin as a payment option at check-out along with all other methods accepted on the website, including Visa, MasterCard, American Express, Discover, JCB, Diners Club and PayPal. To purchase hotel reservations using the newly accepted currency, customers indicate Bitcoin as their method of payment and then follow a few steps to complete each transaction.

Expedia.com is a full service travel website, helping travelers plan and book travel.

Coinbase is a Bitcoin consumer wallet and merchant payment processing platform that powers 1.3 million consumer wallets and supports 32,000 merchants. Coinbase strives to make it easy to buy and sell Bitcoin, securely store Bitcoin in the cloud, and accept Bitcoin as payment and receive funds in...

0 0
Top 5 Companies That Accept Bitcoin as Payment Method!

Since it’s release in 2009, Bitcoin has managed to gain a lot of popularity worldwide and even if 2015 is not a good year for it’s growth comparing with 2014, some big companies started accepting Bitcoin as a payment method. There are a lot of risks accepting payments in Bitcoins because it’s volatility, but big companies may not be scared of since there are many advantages also. First, accepting Bitcoin means that you can do business with anyone without any kind of restrictions than this decision could be an inspired one for short and long term business. Being an adopter of an intriguing and expanding new technology can have unexpected results in the long run of a business if there is vision.

It may be possible that some of our readers already know this but we decided to make a top 5 companies worldwide which accept Bitcoin as a payment method.


WordPress adopted Bitcoin in late 2012 because other...

0 0

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

The news that WB21 decided to accept Bitcoin as a deposit method was met with surprise. This is the first Bank to ever accept Bitcoin and it teamed up with BitPay so it would have a reliable payment processor to handle everything.

To find out more about why WB21 decided to accept Bitcoin, and what he believes it means for the banking industry, I spoke to Michael Gastauer, Founder and CEO, WB21.

Why WB21 decided to make the jump and accept Bitcoin for the first time?

I believe that it was inevitable. We are offering instant account opening for Private and Business clients from 180 countries. The problem some of our clients face is to make deposits if we don't maintain a local account in their country. By accepting Bitcoin, our customers can instantly transfer funds to their WB21 account from any country in the world. As soon as they send Bitcoin to our address, we...

0 0

In this article we’ll discuss one of the most revolutionary payment systems to emerge in recent years – Bitcoin. It’s an option that’s become increasingly attractive to gamers worldwide due to its low transaction fees and speed of funds transfer.

Online Casinos with Bitcoin

We’ll examine Bitcoin in the context of its use at online casinos, covering everything you need to know to safely add it to your list of payment options.

Let’s start with some background.

What Is Bitcoin?

Bitcoin is an online payment system and digital currency, often referred to as cryptocurrency. The US Treasury describes it as a virtual currency. It works through a software “wallet” which is stored on the owner’s computer and enables them to pay for goods and services worldwide. The software is entirely open source, not owned by a single entity, and is available for all to use.

Bitcoins can be exchanged for your normal currency – and vice-versa at Bitcoin...

0 0

The cryptocurrency's gains come after Japan announced on Friday that bitcoin would be accepted as a legal payment method beginning on April 1, 2017.

It's the first bit of good news for bitcoin in quite some time.

Bitcoin has gained more than 19% so far in 2017. It has been the top-performing currency every year since 2010, except for 2014.

Source Business Insider

Read more:

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and...

0 0

A tonnnn of businesses accept Bitcoin

Bitcoin: some think it will revolutionize currency, others think it’s nothing more than a Ponzi scheme. The worth of the open source cryptocurrency has fluctuated significantly since it was first introduced – mostly losing value. Nonetheless, a surprising number of major corporations have begun accepting payments for products in Bitcoin.

A Wired.com article encouraged those “uninitiated” in the ways of Bitcoin to “catch up,” noting that “irrespective of your opinion, the rise in popularity of cryptocurrencies cannot be ignored. Today, there are a number of billion dollar businesses that accept Bitcoin as a form of payment.”

Online retailers the first wave

The trend began in 2014 when Overstock.com announced that it would accept Bitcoin payments. Several other large online retailers, like Ebay and Amazon.com, followed suit.

Other major companies to accept Bitcoin payments include Target, CVS,...

0 0

Yes, Microsoft's use of BitCoin will help turn it into a relevant currency.

The road to converting BitCoin into a relevant and readily accepted currency at first seemed so long and arduous as to border on impossible. After all, nothing like this has been attempted before: nearly every currency in use in the world today is backed by some kind of government agency, whether it be a national government or the European Union. But having a global brand on the scale of Microsoft embrace BitCoin will go a long way to making BitCoin a mainstream currency.


Microsoft will give BitCoin the support of a corporate giant.

Many small businesses have been accepting BitCoin as a valid form of currency for several years now, but it has still been mired in the stigma of its original use in online communities such as Silk Road. Now that a large and financially transparent such as Microsoft is allowing payment with BitCoins, it is likely that the stigma will begin to...

0 0

Online travel booking site Expedia announced it will accept Bitcoin for hotel reservations beginning Wednesday.

"Embracing new technologies is at the heart of our company's DNA and we have many passionate engineers who work here that are very excited about the potential of bitcoin as both a technology and as a currency, and were eager about the opportunity to work on implementing this relatively new crypto-currency as a type of payment on our site," Michael Gulmann, Expedia's vice president of global product, told Mashable.

The company is partnering with Coinbase to integrate Bitcoin payments as an alternative to the other accepted payment methods on the site, including Visa, MasterCard, American Express, Discover JCB, Diners Club and PayPal.

"With the partnership, Expedia will not have nor handle any Bitcoin," Gulmann said. "All transactions will be handled by Coinbase so we're not taking on any of the risk."

For the time being, Expedia is only...

0 0

If you are an investor or a digital currency aficionado, you may have heard about a bitcoin-trading technique known as exchange arbitrage. The theory goes that, because bitcoins are bought and sold on many different exchanges and sometimes at many different prices, it should be possible to buy relatively undervalued bitcoins and sell them at exchanges where they are relatively overvalued. While there is a lot of information on the web about the opportunities of bitcoin arbitrage, you need to clearly understand the obstacles and challenges involved.

How Bitcoin Arbitrage Works

Arbitrage is the term for when an investor buys and then quickly sells an asset in order to profit from a difference in prices. It is a simple and important process that helps prevent assets from being over- or under-priced in different markets. For example, suppose you could purchase shares of The Coca-Cola Co. (NYSE: KO) for $50 in New York and then sell them on the London Stock Exchange for...

0 0

Writer, reporter, and film producer Jim Epstein talks with EconTalk host Russ Roberts about mining Bitcoins in Venezuela as a way to import food. Venezuela is a tragicomic example of how policy can lead to strange and presumably unexpected outcomes. Epstein also discusses how Bitcoin is being used elsewhere in Latin America and the potential for the blockchain technology to lower the costs of owning and transferring property.

Right-click or Option-click, and select "Save Link/Target As MP3.

Readings and Links related to this podcast episode


There's a bitcoin mining opportunity in the US, if you heat your house with resistive heating (as used to be common).

Every watt used for anything, fans, TVs, and in particular computers, makes the furnace run one watt less. Everything except light that escapes out the window turns into heat at a watt for watt basis.

So the furnace is only special in that it does nothing...

0 0

(Screenshot of Backpage’s July 10th e-mail to users)

Update: Backpage filed a federal suit today against Cook County Sheriff Tom Dart for violating its free speech and equal protection rights after the Sheriff successfully pressured credit card companies to break with the company this month. In the suit, Backpage requests a preliminary injury, so that credit card processing will be restored to the site immediately; compensation for loss of revenue from credit card transactions this month; and punitive damages.

Free posting

Earlier this month, Backpage responded to American Express, Mastercard, and Visa’s disallowal of charges for adult services ads by offering free posting in that section. In an e-mail to users on July 10th, Backpage informed posters that they can move their ads to the top of the listings for free every 24 hours. Each additional posting within that 24 hours will cost a dollar. A good portion of the mainstream media is characterizing this move...

0 0

Edit Favorites

Enter up to 25 symbols separated by commas or spaces in the text box below. These symbols will be available during your session for use on applicable pages.


Customize your NASDAQ.com experience

Background Color Selector
Select the background color of your choice:
Quote Search
Select a default target page for your quote search:

After Hours

Flash Quote
Summary Quote
Interactive Charts
Default Setting

Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default settings, please select Default Setting above.

If you have any questions or encounter any issues in changing your default settings, please email isfeedback@nasdaq.com.


Please confirm your selection:


0 0