I have recently started to resell online, but paypal is such a bad payment system for IPTV and I was wondering if there is enough demand to offer Crypto currencies exclusively as payment options.. I know this would limit the market, but I am curious what you guys use. If you have another prefered payment method, which is it?
Edit: thanks everyone for the replies. I feel like the comments give a good balanced idea of what the opinions are (4/12 would be willing to use BTC)
PayPal is bad for you because it provides buyers with recourse if they are unhappy with your service.
PayPal is great for subscribers for exactly the same reason.
I've done enough crypto payments at this point that I know what I'm doing. It's a little bit of a hassle compared to PayPal, and it is also expensive. The fees rack up quickly using crypto.
I simply dont understand enough about crypto from where to buy/sell, how to keep it secure, and how to calculate fees for payments.
The learning curve just keeps me using paypal
I only use IPTV providers and resellers that accept crypto. I never pay in USD. There are many like me.
People will pay with Crypto aswell. Maybe not all of them but many for sure. Just put only payment method and wait.
I use paypal since i "hidden" my service as "hosting" and manage to get legal documents for paypal as my business is only a "hosting" but in reality it´s IPTV. Atm i dont have any limits on my paypal account. That is one way, but if wanna sell easy and hassle free then crypto.
The big thing here is ease. I hear you with terms of service, but most of us want nothing to do with setting up bitcoin, worrying about hacking etc. PayPal is quick, easy and frankly the reason I specifically went for tvology and ipsmarters - they take CC.
Crypto is the future..internet currency
BTC because PayPal can and will rat out your customers in a heart beat and turn info to the feds..
We can implement this feature, any crypto paymens
When Helix went to crypto payments only there was quite an outcry among its existing membership, to the point where, at least according to their reviews, they brought the Paypal option back ad-hoc for some existing customers and so discontinuing Paypal must have negatively affected a big enough cross section of subscribers for them to go to the effort to do this, or they would have just cheerfully waved them goodbye as natural wastage as a result of a negative decision, rather than find a way to continue with Paypal in order to retain them. If you only accept one payment method then you will also need to accept that you are going to be limiting your subscription base to that one single group and you will never grow beyond the boundaries of your own payment policy, don't expect (m)any who are not familiar with Bitcoin to change their habits, leave their comfort zone or spend hours entering into a learning curve just to sign up to you - it doesn't work like that. I suspect those who do want to give it a try but aren't familiar with Bitcoin etc, will use entities like Coinbase to try and make payment, which when I checked (from the UK) requires a scan of Photo ID at sign up, which in my case would also cost up to £90 to obtain, even if I was happy about uploading ID documents in order to pay for an IPTV service.
Issues with fraudulent paypal refunds (and even card chargebacks) happen with any business - especially those vendors selling tangible Goods on Ebay, but even for a big business its only a small percentage of customers who do it, generally a lot of businesses either write off those losses as the cost of doing business online or find some way of mitigating them - perhaps by adding a few cents / pence to the price of their goods / services. I suspect the bigger issue is Paypal blocking your account when they find out exactly what service you are providing, but other services seem to get around it.
Good luck in whatever you decide to do.