It is difficult to charge money from India as Individuals, paypal does not accept money for India nowadays and it is near to impossible to attach a international payment gateway. I thought of donation as well but again paypal issue.
You should beware that converting bitcoins into INR is going to prove difficult in India. I have not yet heard of a single bitcoin exchange for Indian (INR) users.
(On a bit of a tangent here:) The primary win of BitPay (and bitcoins in general) seems to the elimination of chargebacks. This is good for merchants, but not-so-great for customers.
It especially isn't suitable for an environment like eBay where you could potentially have less than trusthworthy sellers. In such a situation it is necessary and beneficial to have some sort of middleman (could even be the government), that you could go to, in case whatever you "bought" wasn't what the seller represented it to be (or really any other such issue).
That's the problem exactly. While I encourage folk to implement bitcoin payment, as a developer I don't expect any significant amount of users to adopt it as regular payment option any time soon. Even my more nerdy friends are being very cautious about it - "regular" people like my parents wouldn't touch it even if they knew what the heck it was.
That's a terrible idea. Bitcoin is difficult to use for both buyer and seller, has high transaction costs, and is associated in the minds of many customers with illegal transactions.
All that is secondary though to the extreme lack of stability of value, which is pretty important in a medium of exchange. You might as well be telling him to accept tulips.
High transaction costs? Do you have even the slightest idea of what you're talking about? Bitcoin has pretty much the lowest transaction fees of any payment method, and you can even opt out of transaction fees if you're willing to wait slightly longer for processing.
Transaction fees aren't the only cost. You get killed on the bid/ask spread because the USD/BTC market is very illiquid as compared to say USD/INR. The INR/BTC market is so thin you'd be lucky to get fills at all.
I'd be interested to see someone do a USD -> BTC -> INR -> BTC -> USD and see a) if it's even possible in a reasonable amount of time and b) at what cost.
Edit: here's a link to an Indian "local integration partner" of bitpay http://indiabitcoin.com/. They are buying bitcoins for 82% of what they are selling them for.
Seriously? I accept money using Paypal though 8 percent fee (4% receiving, and 4% conversion) really sucks. Also, it has mandatory daily auto-transfer to your bank which also sucks for things as refunds ETC.
But you can definitely accept money using premium/business acounts. Premium account requires only your PAN.
Never heard of instamojo so I just checked it out.
According to its FAQ [0],
> 5. When do I get paid. .... For offers selling in INR, the amount would be remitted to your Indian bank account if it has crossed minimum payment threshold
of ?500. For offers selling in USD, the amount would be remitted to your Paypal account
Since most of your customers will be paying in USD (I guess),, Instamojo will anyway be paying as per above to your Paypal account. So, IMO, you should sort out Paypal account. (Or talk to Instamojo if they have this option to directly convert USD payments to INR and remit them to your bank account.)
I don't know how things work in India, but in the US you would definitely want to set up some sort of business entity, even if it's just you for a number of reasons. Is it hard to form a business there, and would doing so help you accept payments? Could you sell it to customers who are in India to get things started?
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