user2410: I run a small business online.  I am interested in using Bitcoin to accept monies from my customers but to be honest the whole thing has me a bit confused.  I am in the UK how would I be able to exchange my Bitcoins for £ sterling and then subsequently spend it?  

user153: If you use a payment processor such as BitPay or WalletBit, they will take care of the conversion to fiat for you (for a fee, of course).
You could also use e-commerce software and manage the exchange to fiat yourself.  That's what CoinDL, for instance, does using a Bitcoin module for OpenCart e-commerce software.
There might also be a number of goods and services you would use where bitcoins are accepted for payment.

user2411: Trade them for USD, GBP or EUR on a trading site such as https://mtgox.com and transfer it to your bank account.
Or you can spend them directly at any other business that accepts bitcoins as payment.

2410: <p>I run a small business online.  I am interested in using Bitcoin to accept monies from my customers but to be honest the whole thing has me a bit confused.  I am in the UK how would I be able to exchange my Bitcoins for £ sterling and then subsequently spend it?  </p>
 153: <p>If you use a payment processor such as <a href="http://bitpay.com" rel="nofollow">BitPay</a> or <a href="http://walletbit.com" rel="nofollow">WalletBit</a>, they will take care of the conversion to fiat for you (for a fee, of course).</p>

<p>You could also use e-commerce software and manage the exchange to fiat yourself.  That's what <a href="http://coindl.com" rel="nofollow">CoinDL</a>, for instance, does using a Bitcoin module for OpenCart <a href="http://en.bitcoin.it/wiki/Category%3aShopping_Cart_Interfaces" rel="nofollow">e-commerce software</a>.</p>

<p>There might also be a number of <a href="http://en.bitcoin.it/wiki/Trade" rel="nofollow">goods and services</a> you would use where bitcoins are accepted for payment.</p>
 2411: <p>Trade them for USD, GBP or EUR on a trading site such as <a href="https://mtgox.com">https://mtgox.com</a> and transfer it to your bank account.</p>

<p>Or you can spend them directly at any other business that accepts bitcoins as payment.</p>
