NameSilo

No bitcoin on namejet, drop catch, snapnames

Labeled as discuss in Domain Expiration and Domain Drop Catching started by Charley, Apr 28, 2017.

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  1. Charley

    Charley Striving To Be The Best VIP ★★★★★★★★★★

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    Bitcoin is a universally accepted payment. Why doesn't namejet, snap names and drop catch integrate it.

    It will generate more business and revenue for them.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Manoj Shah

    Manoj Shah Established Member

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    It will take some time .
     
    Last edited: Apr 29, 2017
  3. Kuffy

    Kuffy Name Stag VIP

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    It's one of the reasons I was attracted to Name Silo, but since I've been using them, I've started to really like their whole setup.
     
  4. gorilla_bob

    gorilla_bob VIP Member FreshDrop Staff Pheenix Staff PRO VIP ★★★★★★★★★★

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    Good news guys!

    Pheenix accepts bitcoins.

    Bob
     
  5. Charley

    Charley Striving To Be The Best VIP ★★★★★★★★★★

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    Yes, I use it.

    But they can't catch names which other 3 get. :(
     
  6. Charley

    Charley Striving To Be The Best VIP ★★★★★★★★★★

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    Why?

    They have all other payment modes except this one.
     
  7. Charley

    Charley Striving To Be The Best VIP ★★★★★★★★★★

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    Do they catch expired names?
     
  8. ScottPruitt

    ScottPruitt Upgraded Member NameJet Staff Gold Account VIP

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    NameJet recently added new alternative payment methods in the form of AliPay and PayPal. At this time we have no immediate plans to add bitcoin, but we will continue to evaluate alternative payment methods based on the needs of our customers.
     
  9. Charley

    Charley Striving To Be The Best VIP ★★★★★★★★★★

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    Scott, will bitcoin be added as a payment mode presently?
     
  10. ScottPruitt

    ScottPruitt Upgraded Member NameJet Staff Gold Account VIP

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    Hello Charley, Bitcoin payment will not be accepted on NameJet in the immediate future. We are still considering it and if we decide to go forward, we will make an announcement about it. Thanks for your interest, we appreciate your suggestions for improving the NameJet platform.
     
  11. tupungato

    tupungato timium.com VIP

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    Bitcoin is not a universally accepted payment. It's a novelty payment accepted by some places.

    Incredible volatility of value is not good for business. For the same reason Venezuelan and Zimbabwean money is not accepted either.
     
  12. Kuffy

    Kuffy Name Stag VIP

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    Bitcoin is a globally accepted payent method, but some may distrust crypto-currencies and prefer other forms of payment. The US dollar is a local currency that is not accepted globally. I don't accept it for example.
     
  13. urlurl

    urlurl Top Contributor VIP ★★★★★★★★★★

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    considering more companies are dropping bitcoin as a payment option - it is unlikely it will be picked up by others.

    its slow and the fee's are too high = useless
     
  14. Kuffy

    Kuffy Name Stag VIP

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    Well PayPal takes 6 months to confirm a payment - that's slow. Cheques is far slower than Bitcoin.
    Fees are set by the sender, if you think the suggested fee is too high, then just set a lower fee. Often payments are clearing in a day or so with fees of under $1. Fees are even lower if you batch transactions.
     
  15. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Bitcoin is certainly not universally accepted. Hardly any major retailers accept it for a number of reasons. Several companies that did accept it have dumped it recently.

    To start with it is far too volatile. Second the transactions are either fast and expensive, or slow and less expensive. Either way it does not work.

    Also, with a slower transaction the price of bitcoin could have moved a lot by the time it is executed.

    At this point Bitcoin's technical limitations make using it as a payment method impractical for most companies.

    Brad
     
  16. Kuffy

    Kuffy Name Stag VIP

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    I didn't say it was universally accepted, I said globally accepted. You have more chance of finding a shop in England that will accept Bitcoin, than will accept the US dollar or even the Euro. This ignores services that will exchange currencies of course.

    The volatility of Bitcoin is not really an issue if you see it as a store of wealth, and acquire it as a long term holding. As always, it is nice to give the seller a range of options, and several registrars include Bitcoin as an option.
     
  17. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    No, the OP said it is universally accepted. Which is certainly not true.

    At this point it is probably too costly to implement for most companies with the payoff being a tiny % of transactions using it. Also, what about the hundreds of other crypto out there?

    Bitcoin might be a store of wealth, but it is certainly less practical to use as a payment method than actual currency.

    Brad
     
  18. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    If NameJet can't efficiently monitor shill bidding, what would give anyone the confidence that NJ could deploy bitcoin as an accepted payment? ie some have called the technology at NameJet archaic...

    For years, NameJet has accepted a culture of allowing owners to bid on their own domains. It seemed that some users were bidding on their own domains just to track their auctions. When shill bidding allegations broke out last year, some cited NJ's archaic technology to seemingly defer the intent of bidding on your own NJ auction. It would appear NJ developers have their hands full trying to develop techniques to combat their rampant shill bidding problem, rather than branch out to allow a form of anonymous payment.

    Nothing against BTC, I just think NameJet has harvested a culture of questionable behavior (possibly due to their archaic tech) and accepting BTC could be like throwing gas on the flames... Not just with shill bidding, but with stolen domains. There have been reports of stolen domains being sold at NameJet. If the seller was paid in BTC, it would be a lot tougher to track, and as such, this form of payment could further ignite criminal activity.

    Hey @ScottPruitt -- I'm surprised NameJet still has a NamePros presence. Are you aware of this thread?

    https://www.namepros.com/threads/bidding-on-your-own-names-at-namejet.1030874/

    There are currently 64 pages of feedback.

    My suggestion is that NameJet audits their past auctions, and issues refunds to everybody that was shilled up.

    Does NameJet really think the problem will go away if they just sweep it under the rug?
     
    Last edited: Jan 29, 2018
  19. creataweb

    creataweb Some Guy with Awesome Senior High School Photo VIP ★★★★★★★★★★

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    Lol. ^


    So to recap the thread - who takes BTC ?
     
  20. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    I think:

    Namesilo.com @namesilo

    https://www.namesilo.com/Support/Marketplace

    upload_2018-1-29_11-58-17.png

    Undeveloped.com @Undeveloped
    Pheenix.com @gorilla_bob
    BrandBucket @margotb
    https://domainnamewire.com/2017/12/29/brandbucket-adds-bitcoin-support-pitches-domains-crypto-fans/

    BrandRoot @Brandroot
    https://www.brandroot.com/resources/item/26-buy-with-confidence-brandroot-is-now-accepting-bitcoins

    Epik @robepik @Slanted
    https://www.epik.com/about/pressreleases/

    NameCheap
    https://www.namecheap.com/support/payment/bitcoin.aspx

    Some lesser known entities that advertise they accept bitcoin payment for domains:

    https://www.alpnames.com

    https://wiki.gandi.net/en/billing/means/bitcoin

    https://www.domains4bitcoins.com/

    https://steadyturtle.com/payment-options.php

    https://www.goip.com/offshore-domain-registration.php

    https://www.web4africa.net/buy-web-hosting-domains-pay-with-bitcoin/

    https://fusion.easydns.com/Knowledgebase/Article/View/287/70/bitcoin-payments

    https://subreg.cz/en/support/ceny-a-platby/

    http://internetbs.net/blog/2014/11/05/internet-bs-now-accepting-bitcoin/

    https://www.orangewebsite.com/

    http://yohost.org/

    https://flokinet.is/en/

    https://www.anonymousspeech.com/anonymous_payment.aspx

    https://www.trilightzone.org/services.html

    http://mediaon.com/About-Us.php
     
  21. IMEZI

    IMEZI Top Contributor VIP ★★★★★★★★★★

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    volatility still the main concern it could vary between 50$ up to 2000$ within hours.... that would be unaceptable for doing business fairness for both seller and buyer
     
  22. Furquah

    Furquah Brand Ambassador INDIA Epik.com Staff VIP

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    Bitcoin is not universally accepted payment because of high transaction fee, long tax confirmation etc it's becoming use less now days. It's no more peer to peer electronic cash.
     
  23. tupungato

    tupungato timium.com VIP

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    Also, governments don't exactly understand how it works. Some promise regulation, some promise outright ban. That's not good for business at all. One day you get your payments in bitcoin, the next day it's banned in your country.
     
  24. MSN-Domains

    MSN-Domains Top Contributor PRO VIP

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    The one time i did use the remainder BTC i had, Retailer in question told me he cannot process my refund because of the recent decline in bitcoin price, once it goes back up it will go through..[Laughable] - If a customer can't return or swap an item in a simple way - What is the point?

    There are more chances of a barrel of monkey nuts being accepted as a payment option.
     
    Last edited: Jan 30, 2018

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