Accepting Crypto for our SAAS?
We are exploring providing crypto payment options for our subscribers, so was wondering how other founders deal with this.
We don't expect to get a lot of crypto transactions, so we are looking at a manual process where users can pay us in BTC to our wallet and we will provide them a year subscription.
The issue here is deciding on the conversion rate the users pay at. Is there an easy way to setup a page so that we can ask the customers to pay a specific crypto amount based on the conversion rate at that time?
Any practical advice?
Hi everyone, I was the one who originally posted the question. Wanted to report about our progress here.
We ended up accepting USDT crypto for our product. We tried BTC and others, but the fees are just too high. USDT is stable and price is pegged to US dollars, so it helps us to easily communicate the price to the end users. Customers also seem to prefer this.
Hope this helps people who are looking to implement something familiar.
Sorry I'm late to the game here. I'm building a bitcoin gateway for business, so this may be of some help:
Here is $8.99 USD to BTC:
https://blockchain.info/tobtc?currency=usd&value=8.99
Play around with that URL to get your exact numbers. Also, if you're looking to generate QR codes or something, you want to look at the Bitcoin URI: https://developer.bitcoin.org/devguide/payment_processing.html#bitcoin-uri. Wrap that in a QR code, set up a local node, then find a way to mine transactions and you can start to automate this.
I don't know about subscriptions but I think setting up some JS to accept crypto as a payment into your wallet is pretty straight forward. Check out web3.js (https://web3js.readthedocs.io/en/v1.7.0/) - though this is ETH specific and not BTC
Do you know, if your customers use btc for paying? If not don't bother, IMO.
Most crypto user are investing, not paying with it.
Yes, it is our customer who requested this. We have a global product, so some of them requested if they can pay with crypto. Yes, they were using it for transactions.
I thought of BTC alone since most crypto investors have BTC.
Then I would test it and check if it is worth the effort.