Pay Another Way: Bitcoin
November 15, two thousand twelve
At WordPress.com, our mission is making publishing democratic — accessible and effortless for anyone, anywhere. And while anyone can embark a free blog here, not everyone can access upgrades (like going ad-free or enabling custom-made design) because of thresholds on traditional payment networks.
Today, that switches: you can now buy WordPress.com upgrades with bitcoins.
PayPal alone blocks access from over sixty countries, and many credit card companies have similar confinements. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our purpose is to enable people, not block them.
Bitcoin is a digital currency that enables instant payments over the internet. Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network. Merchants who accept Bitcoin payments can do business with anyone.
Bitcoin payment interface
If you’re already using Bitcoin you’ll find this payment method even lighter than paying by credit card. Our store’s checkout area has a Bitcoin section that shows the amount due in BTC and the address of a wallet created just for your transaction. As soon as we receive notification of the transaction, your purchase is accomplish. It typically processes in a few seconds, less time than it takes to pack in a credit card form.
If you’re fresh to Bitcoin you’ll need to get your arms on some bitcoins (BTC) very first, which is presently the hardest part of using Bitcoin. Learn more on getting commenced with BTC at We Use Coins, and check out the answers to some common questions at the end of this post.
With Bitcoin we join a fresh digital economy that doesn’t leave anyone behind, essentially making financial transactions open source — something WordPress.com is behind 100%. We’re proud to support bloggers from all over the world by providing a Bitcoin option.
How does Bitcoin work? How do I get embarked? Where can I get BTC?
We won’t cover these details here. Good documentation already exists at We Use Coins along with links to places where you can get BTC.
How do you treat BTC? Are you participating in the bitcoin network? Mining?
We aren’t mining or treating BTC at all, actually. Our payment processing playmate for Bitcoin is BitPay.com. They track the exchange rates, generate the quotes and the wallets, receive your BTC and eventually send us USD.
How many times is the transaction confirmed before I get my upgrade?
Zero! We could wait for the very first confirmation (typically 5-10 minutes) but we choose to make the customer practice as slick as possible. Making you wait for confirmations would virtually eliminate our risk but we’re certain that with digital products like ours the risk is already acceptably low.
Sometimes Bitcoin isn’t an option in your store. What gives?
Affected products include domains and themes when not purchased in bundles, and any purchases made while you have credits already on account. We’re sorry! There are some technical complications. We determined to go now with what we have because, as we said at the beginning, this launch is about enabling people. Bitcoin should be accepted for all purchases within two or three months.
Bitcoin is famous for its irreversible transactions but we will still honor our refund policy. If a refund is granted on a purchase made with BTC we will work with BitPay to issue a refund in BTC.