Suppliers - Heads up with your payment methods

[turtle-smoke]

Rant/recommendation post

I used to order a while back via a supplier using bank transfer, never encountered issues. When this source forced a switch to BTC to entertain the idea of anonymity I was all for it however I encountered nothing but problems trying to get it at that point in time (without KYC, with KYC, minimum exchange transfers, USD/AUD conversions, excessive fees, blockchain speed etc etc). Fast forward a year, the problems still exist and are even more compounded with this payment method. Last week I could not complete a transaction as now my bank is now blocking banxa. Only a matter of time before they all do and all the other intermediaries i.e. Moonpay etc. Good luck trying to get around KYC (or even KYC for that matter, with websites using automated technology which do not scan ID images properly because of the wrong dpi resolution or you having to hold a f*cking passport up and take a photo and it being out of alignment 1mm and not accepting it). It is an absolute shitshow.

Cardless cash..... This is the way. Offer it or you may lose business. The supplier where I had my order ready to checkout on your website, sorry but you missed out on my business. I went to another supplier that offered cardless cash. Simple.

TLDR; Bitcoin/Crypto is a pos, is becoming harder to initially obtain, start offering cardless cash or something else simple to transact with

 

[Genesis Labs]

Plenty of other payment options available besides crypto

 

[ddd]

Rant/recommendation post

I used to order a while back via a supplier using bank transfer, never encountered issues. When this source forced a switch to BTC to entertain the idea of anonymity I was all for it however I encountered nothing but problems trying to get it at that point in time (without KYC, with KYC, minimum exchange transfers, USD/AUD conversions, excessive fees, blockchain speed etc etc). Fast forward a year, the problems still exist and are even more compounded with this payment method. Last week I could not complete a transaction as now my bank is now blocking banxa. Only a matter of time before they all do and all the other intermediaries i.e. Moonpay etc. Good luck trying to get around KYC (or even KYC for that matter, with websites using automated technology which do not scan ID images properly because of the wrong dpi resolution or you having to hold a f*cking passport up and take a photo and it being out of alignment 1mm and not accepting it). It is an absolute shitshow.

Cardless cash..... This is the way. Offer it or you may lose business. The supplier where I had my order ready to checkout on your website, sorry but you missed out on my business. I went to another supplier that offered cardless cash. Simple.

TLDR; Bitcoin/Crypto is a pos, is becoming harder to initially obtain, start offering cardless cash or something else simple to transact with

Just for future reference mate, great resource for non-KYC options is https://kycnot.me/ . Just check the exchange rates and fees, some of them do sting you. Best work around I've found is use your KYC exchange as your onramp for fiat, buy LTC, transfer to a non-KYC exchange, swap for a privacy coin, then to a clean wallet that's never interacted with anything KYC. Then you can swap as needed on another non-KYC exchange to whatever currency you need, just make sure to never let it touch a wallet you have used to interact with a KYC point as chain analysis will be able to map it from your known KYC points.

 

[Anabolik_chikin]

Rant/recommendation post

I used to order a while back via a supplier using bank transfer, never encountered issues. When this source forced a switch to BTC to entertain the idea of anonymity I was all for it however I encountered nothing but problems trying to get it at that point in time (without KYC, with KYC, minimum exchange transfers, USD/AUD conversions, excessive fees, blockchain speed etc etc). Fast forward a year, the problems still exist and are even more compounded with this payment method. Last week I could not complete a transaction as now my bank is now blocking banxa. Only a matter of time before they all do and all the other intermediaries i.e. Moonpay etc. Good luck trying to get around KYC (or even KYC for that matter, with websites using automated technology which do not scan ID images properly because of the wrong dpi resolution or you having to hold a f*cking passport up and take a photo and it being out of alignment 1mm and not accepting it). It is an absolute shitshow.

Cardless cash..... This is the way. Offer it or you may lose business. The supplier where I had my order ready to checkout on your website, sorry but you missed out on my business. I went to another supplier that offered cardless cash. Simple.

TLDR; Bitcoin/Crypto is a pos, is becoming harder to initially obtain, start offering cardless cash or something else simple to transact with

Cardless cash is an extremely easy way for a seller to be caught. Definitely not a good option

 

[Roidstop]

I tried ignoring this thread but people have replied so I feel obligated to shed some light.

Using Bitcoin (or crypto) is quite simple when you spend a bit of time to get your head around it. Once youve used it the first time, its smooth sailing, just a bit daunting that first time. KYC is NOT an issue for a buyer other than the fact you might have to provide some details or make a phone call. If you are concerned, transfer it to another wallet you control prior to sending to the vendor.

Cardless, cash in mail and bank transfers are 100% more risky for a large vendor than using Bitcoin. Not going to give figures but using any of the previous options would be an absolute nightmare and would be an OPSEC liability. Im sure most big operators would agree with me on that.

Happy to lose a few customers, which I am sure we have over the years, to maintain our current OPSEC status in check.

Thanks for reading haha

 

[turtle-smoke]

The primary issue here is obtaining btc. Once you have it and you have enough to cover the transaction, it's not challenging at all.

Obtaining it, that's the dilemma. So for someone that doesn't have any, you could spend hours and still not get anywhere (refer to the challenges presented in my first post). The game is certainly harder than it was initially.

Ps. I work in tech. It is not a skillset issue.

 

[AfterMidnight]

Better off being safe and losing a customer or two than losing your livelihood and freedom

 

[Roidstop]

The primary issue here is obtaining btc. Once you have it and you have enough to cover the transaction, it's not challenging at all.

Obtaining it, that's the dilemma. So for someone that doesn't have any, you could spend hours and still not get anywhere (refer to the challenges presented in my first post). The game is certainly harder than it was initially.

Ps. I work in tech. It is not a skillset issue.

Not sure where you are trying to purchase but Aussie exchanges are relatively easy to buy from. KYC is annoying but not an issue for a customer. You are correct in saying it is "harder" to buy than it was 10 years ago lol

Exactly @AfterMidnight

 

[Bailz9]

coinspot is easy AF to buy crypto on, then you can do whatever and send it to where ever you want