[dcc1]

I am not sure why anyone would want to accept Bitcoin via Stripe

Same can be accomplished with Bitpay, who take 0% in fees with a 30$/month package (1% otherwise), they also pay into the bank the next business day unlike Stripe. And they are also alot more open as to the types of businesses they accept.

Or hell one could directly accept bitcoin with bitcoind running locally or using the blockchain.info api and then converting bitcoins with Bitstamp (or just using the bitcoins to buy things, every day more and more places accept them!)

It is great seeing Stripe actually embracing new technologies but imho their current bitcoin "offering" is not great and they are picky as to who they do business with.

edit: ah typical HN fanboyism, vote down anything negative said about Stripe instead of addressing the points raised.

[_puk]

Bitpay, bitcoind et al may technically be better offerings, but if you're already using Stripe to take card payments then woohoo, you can now take Bitcoin.

If Bitcoin wants to play with the big boys then the likes of Stripe getting on board are nothing but positive.

Having to have a separate system to handle Bitcoin vs Visa, MasterCard etc just seems archaic.

[pbreit]

I think the problem with your comment is that it is both poorly reasoned and promotional.

[drivingmenuts]

Because Stripe has already established a reputation with people who take payments but aren't familiar with the ins and outs of Bitcoin?

A lot of people aren't going to have the time to do research to find out about the ins and outs of taking online payments with Bitcoins, and at any rate, there's enough negative news about bitcoin that some of their research is going to turn up the various shenanigans of bitcoin banks, or the shenanigans done to them, etc.

In short, Stripe provides some automatic legitimacy.

If I had a need for Bitcoin, I'd probably want to go with someone established in the mainstream of payments, as well. Which means Stripe or Braintree or one of those guys. A large bank would be even better, but that may take a while.

[justinpaulson]

You are getting down-voted because you miss the point of stripe. Sure, there are arguably better methods to accept bitcoins, but Stripe is a service that does bitcoin AND other payment methods in one single solution.