Hmmm… good question. Bonanza Support might have a different take on this compared to what I think you can do. But, the following is from Bonanza’s help [URL removed]
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What are Bonanza’s Limitations on Accepting Money Orders as Payment?

“Until you have at least 3 positive feedbacks on your seller account, buyers in your booth will need to pay with Paypal or Amazon Checkout. We implemented this measure in order to protect our buyers, since it’s difficult (actually, basically impossible) for them to recapture their funds if a transaction goes bad where they paid with money order, whereas Paypal and Amazon Checkout provide protection from the buyer’s credit card company.

If you would like to accept money order for your transactions, there are two [URL removed] (1) import your feedback from eBay so you can instantly reach the 3-feedback minimum; or (2) accept alternative forms of payment until you reach the feedback minimum.

We’re all about making Bonanza a safe shopping environment that our buyers can depend on. Thank you for your understanding."
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Since you have the feedback, you are certainly entitled to accept Money Orders or Checks as payment options. Now, I personally see accepting Bitcoins as similar to accepting checks or money orders. I’m pretty sure that Bonanza wants its fees in regular currency, so you certainly have to conduct the transaction with a normal dollar amount on the sale. Then, I would imagine that if you want to accept an amount in Bitcoins (and treat it like a money order transaction), that would be up to you and the buyer.

Here’s where I think it could go [URL removed]

> First, buyers would have NO way to get their bitcoins back if a seller was dishonest (not saying that you are). PayPal and credit cards offer buyers protection. To be fair, the same protection issue applies to payments via check or money orders. All three payment options (check, money order, or Bitcoins) involve a trust issue between seller and buyer.
> The value of Bitcoins fluctuates so that you (seller) may not get a good price for the item if the exchange rate of Bitcoins goes DOWN or the buyer ends up overpaying because the exchange rate of Bitcoins goes UP. This gets more complicated if there is a refund issue. Do you refund the purchase price with the original Bitcoin amount or base the refund on the current Bitcoin exchange rate?
> You will be dealing in fractions of bitcoins because of the current high value ($100 = 0.31 bitcoins). This would confuse lots of people.
> Not sure that it would be worth the effort as a seller, because the % of buyers who would want to pay you with Bitcoins would be so low… my guess would be less than 1/2%.

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