As someone who spent a lot of time working with BTC in a professional sense, this statement rings a little hollow considering you're using Coinbase.
Can you elaborate?
Can you elaborate?
It's fascinating to me that people think that for any retailer to accept Bitcoin it's as easy as embedding a widget on their site. I have been comparing notes with other companies that are also considering adding Bitcoin support and these are the sorts of questions that come up.
That's only because you're setting prices in BTC instead of USD, right? I always thought accepting BTC through Coinbase for USD-denominated goods and services had no tax implications.
The only downside you've listed is that you mistakenly tied your subscription code with one payment provider.
I purchase something on Overstock for 0.5 BTC. The item has an issue, and I want a refund. In the meantime, the price of BTC/USD has fluctuated 20%. What happens?
This question is not insurmountable, obviously. But there are tons of edge cases that need to be thought of and dealt with.
This may be good PR for App.net, but it's bad PR for Bitcoin and Coinbase if the idea that accepting Bitcoin is complicated spreads. It isn't. Using Coinbase is as easy as using Authorize.net, unless you make things hard for yourself by pricing things in Bitcoin.