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Vultr Disables Bitcoin Payments For New Customers

Discussion in 'Virtual Private Server (VPS) hosting' started by Jimmy, Apr 16, 2016.

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  1. Apr 16, 2016 #1
    Jimmy

    Jimmy Premium Member Premium Member

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    • Informative Informative x 1
  2. Apr 16, 2016 #2
    eva2000

    eva2000 Administrator Staff Member

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    Yeah the value of bitcoin is way down from it's highs and just the profile and type of users using bitcoins. So understandable that Vultr disables bitcoin payments.

    Never used bitcoin payments before myself either. Anyone else here use bitcoin payments ?
     
  3. Apr 17, 2016 #3
    pamamolf

    pamamolf Well-Known Member

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    I use them a lot and is the best payment method !

    No is not low now. It is very high !

    1btc is 430$

    Most users that use Bitcoins are people who don't want to pay extras for Paypal and banks.

    It is good for privacy also.It is also very good for hosting providers as there is no chargebacks.

    A few are using it for bad reasons i know but not many.
     
  4. Apr 17, 2016 #4
    Jimmy

    Jimmy Premium Member Premium Member

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    I also use Bitcoin a lot. Though, I never bought any Bitcoin... so using Bitcoin for me is money I made somewhere and decided to spend so I wouldn't have to spend cash. Nevertheless, I guess a lot of scammers were using Bitcoin as an anon payment method for hosting darkmarket sites.
     
  5. Apr 23, 2016 #5
    Epic Internet Marketing

    Epic Internet Marketing Member

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    Longtime Bitcoin user here.

    Price is around $448 at the time of posting, and seems to be on the way up again (another bubble? -- i've seen so many).. The way they have it setup with their bitcoin merchant account is that they exchange Bitcoin for cash as soon as the transaction is made - locking in the price at it's actual value (no $$ loss) the benefits were:
    A) costing them less to accept than credit cards (1% as opposed to 3%)
    B) eliminating the chance of chargebacks (Fraud)

    The downside and probably main reason they've stopped accepting it for new customers only is the fact that Bitcoin transactions are anonymous and I'm assuming NEW users would sign up for new accounts, pay in Bitcoin and completely Spam out e-mails, create phishing sites or other unscrupulous activities you could do online when your name/persona is not tied to your hosting account.
     
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