💰Are you accepting crypto payments?
It seems like every day I'm seeing more and more indie hackers dive into the world of crypto and NFTs.
I'm genuinely curious if you're already accepting crypto as payment?
If YES, let me know in the comments how it's going.
If NO, let me know what it is you're hesitant about.
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I'd be interested in doing it, but the thing that scares me would be the regulation nightmare
As a small business, I see no value in adding that.
Also, in my country, there's simply no regulation around cyrpto.
Appreciate the input john!
My knowledge might be a bit outdated, but I think a big issue here is still transaction fees. These can be variable and oftentimes higher than the credit card / Stripe (or alternative) fees and are less predictable. Maybe this has changed more recently, but crypto fees for bitcoin and ether can scale with the number of transactions on the network and the price of the coin. Anyone know if this has changed or if there are ways around this?
Hey @jdiprete yeah things have been evolving. Lower transaction fees are actually one of the motivating factors behind moving to accepting crypto - coinbase commerce for example is a 1% fee vs. Stripe's 3% on credit cards
If you use stablecoin on a low gas network (i.e. a layer 2 like Polygon) you can avoid this.