WordPress.com Upgrade Payments

credit cardsAs more people make the transition to electronic, mobile credit and debit card payments, industry innovation is  focusing on these payment methods and WordPress.com is on board. WordPress.com offers some premium feature upgrades in addition to free features that allow users to take advantage of your WordPress.com experience. There are several means of payment for purchase of the upgrades WordPress.com offers to their free hosted bloggers including, major credit cards, PayPal, some debit cards, eChecks and now, Bitcoin.PayPal

Major credit cards – PayPal WordPress.com uses PayPal as a payment processor, and as such, we can  accept payment from countries PayPal supports worldwide.

debit cardsecheckDebit cards and eChecks  – In addition to major credit cards Mastercard, VISA, American Express, Discover, and PayPal WordPress.com can accept echecks and some debit cards. The debit card must have a VISA or Mastercard symbol on it, and should work just like a credit card when selecting the VISA or Mastercard option on the payment form, even though it’s a debit card. An eCheck is a payment that you make directly from your bank account. Read more about eChecks.

What is Bitcoin?

Bitcoin WordPress.com can also accept Bitcoin for payment of certain upgrades. Bitcoins are electronic tokens of exchange. Bitcoins are an experiment in alternative currency – a shot at a system that is fairer… because the currency we have right now was designed by the rich, and is controlled by the rich, so they can get richer, just by already being rich.

Bitcoin is a decentralized P2P electronic cash system without a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of the network to check for double-spending.

The idea of digital money—convenient and untraceable, liberated from the oversight of governments and banks—had been a hot topic since the birth of the Internet. An interesting read: The Rise and Fall of Bitcoin

According to the World Payments Report 2012 from Capgemini, RBS, and Efma, how debit cards are continuing to win market share from credit cards while the use of electronic and mobile payments continues to show exponential growth. As more consumers embrace electronic, mobile and debit card payments, industry innovation is likely to continue to focus heavily on these payment methods.

The volume of mobile payments is expected to grow at almost a 50% rate in the next three years. The largest banks, especially those with a significant presence in the cards businesses and schemes, and mobile operators are investing in these new technologies, sometimes in partnership with producers of cell phones and providers of smartphone operating systems.

11 thoughts on “WordPress.com Upgrade Payments

  1. I’ve never been sure what countries Paypal supports– many thanks.

    “Bitcoin”– what a great name. Conjures up images of crafty old coots in old western movies biting on a coin to see if it was real gold– ha!

  2. Interesting to hear about bitcoin. Its something I’ve never heard of before. I remember from my school economics classes that money is based on confidence, I guess the succes of bitcoin will depend on its ability to earn and retain the confidence of buyers and sellers.

  3. Pingback: WordPress.com Upgrade Payments | better blogging tips | Scoop.it

  4. I don’t know whether its the same in other countries but in the UK you get statutory protection for payments of between £100 and £30,000 made with a credit card. I have actually used this when a laptop I ordered arrived damaged and the seller tried to tell me that it was between me and the delivery company! Since the law makes credit card companies jointly liable this even gives protection if the seller goes bankrupt. Because of this it is always worth using a credit card for major purchases if you are in the UK, even if you are not using the credit facilities and going to pay the bill in full.

    BTW I have never understood why anyone would want to use echecks when you can make an instant payment through PayPal just as easily. When selling odds and ends on ebay I have found these to be a nuisance – the purchaser not understanding (or pretending not to understand) why you won’t dispatch the goods until you see the money!

    • Hi there,
      A similar law exists here and that’s why we do the same you suggest and use credit cards for all major purchases. Even when we have the cash on hand to pay we use a credit card and simply pay it off before the interest charges come into effect at the end of the month.

      I agree with you about PayPal for making instant payments too. I’ve never used a eCheck and I’m not sure what situations would prevail that would make it more beneficial to use one rather than using PayPal.

  5. What annoys me is how difficult it is to transfer money from the USA to an individual in Europe without paying a hefty bank fee.

Comments are closed.