Bitcoin Ecommerce Trick

The Bitcoin e-commerce trick is basically where you accept crypto money in an e-commerce store (for real-world goods). As long as the payment received is 100% cryptocurrency, you can exchange the cost of goods sold (COGS) through an exchange and keep profits as "cryptocurrency".

The goal is to manage any increase in the price of your underlying crypto assets, which should increase your profits. Obviously, this works the other way – in that it can also lead to a loss of profits due to a drop in the price of the crypto tokens that you were paid for. But overall, if you play the game correctly – you should be able to increase your profits significantly with this method.

This tutorial will briefly explain the different points of how you work. Doing this means that you must ensure that you fully understand what you are doing and how the process will grow …

First, if you're starting an ecommerce store, you'll need to accept payments.

With many online services online (including likes of Stripe and PayPal), you have many ways to "get" payments without the need for a traditional "merchant account".

One of the newer ways to do this is with a service called BitGo. This is a payment receipt system for crypto tags. In general, it allows businesses to adopt "cryptocurrency" for their products or services, allowing users to take full advantage of the likes of Bitcoin, Ethereum, etc. without fear of security issues (BitGo is highly focused on security implementation).

This means that if you receive some money through crypto tokens, while their price will often be in line with the different "fiat" currencies, they will usually be quite volatile. For this reason, it is often the case that many e-commerce store owners simply "exchange" their "crypto" tokens for 100% fiat currency either at the end of the month or after receiving an order.

The "trick" used by a lot of store owners is actually to keep their profits in the crypto ecosystem. This means that they pay for everything else – including liking their COGS, storage and administrative costs, while maintaining a net profit in their conversion accounts.

In doing so, they have nothing to lose (and win everything), leaving their holdings to ride on the price waves of BTC and other "cryptocurrency" tokens – multiplying their holdings faster than any savings account could.