Bidorbuy adds bitcoin as a payment method

It is now possible to purchase products on Bidorbuy using bitcoin, the world’s most popular cryptocurrency.

By - March 9, 2016 Share on LinkedIn

Bidorbuy has announced that users can buy products on its platform using bitcoin, the world’s most popular cryptocurrency.

The company said that buyers can pay with bitcoin for products that have the currency listed as a payment option in the Shipping and Payment tab.

Bidorbuy said sellers can accept bitcoin by activating the payment option. It is recommended that sellers offer multiple payment options.

Bidorbuy’s bitcoin payment works as follows:

  • Buyers with bitcoin shop for products from sellers who offer bitcoin as a payment option.
  • Buyers make a purchase and proceed through checkout, choosing bitcoin as their payment method.
  • Sellers will then receive the bitcoin payment into their Bidorbuy account. Bidorbuy converts bitcoin into South African rand and then credits the full amount to the seller’s Bidorbuy account.
  • Sellers do not require a bitcoin wallet to accept this payment option and there is no charge-back risk.

More on bitcoin

Bitcoin faces make-or-break 2016: Vinny Lingham

Bitcoin set for growth in South Africa

Bitcoin password cracking attacks made hackers $103,000

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