Bitcoin Forum

So I sent my laptop in to be repaired by an online repair technician.

His rates are good, and the computer was repaired and ready to be payed for and shipped back.   He asks me for credit card information.

"Do you accept Bitcoin?"   I asked,

"no we don't accept that currency"  he responded,

"The transaction costs are really low if you accept bitcoin!"  I replied

"No I'm sorry we don't accept it,  unfortunately that currency is dying."  He countered

"You know there is a way you can lock in your dollar value once you receive bitcoin as payment so that you don't experience the volatility and lose dollar value when you accept it."  I suggested


"silence"      on his end.


"Ok,  heres my credit card information.  "..........."  I finally answered and completed the transaction.


So to make a point,  the computer technician knew about bitcoin but didn't have much interest in it.   I hope there was some interest sparked and he would investigate avenues such as bit pay.  My question to all you buffs out there is....   I know there are ways to peg bitcoin to the dollar via btsx and bitusd.    As well as other avenues recently approved by the USWatchdog.
 http://uk.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUKKBN0H71FU20140912

What would be the best way for a merchant to peg his bit coins received via payments to the USD so that they would feel all cozy and soft inside and not worry about the volatility of btc's dollar value?   :)   although I am not sure how the USD would make you feel so secure, but that is another issue for another post.

Thanks,




 

This type of merchant needs to dip his feet in the water with a service like bitpay or coinbase and instantly convert his bitcoin to fiat until he is more comfortable.

There are some services that can peg or lock in BTC to a certain value but that isn't going to be attractive to this type of client and you shouldn't even bother overly complicating it. Any other company service or asset is going to be trusted far less and for good reason.

Once he says its dying, that's your queue to suggest not touching or holding "bitcoin money" but using the bitcoin protocol as a payment processor to attract new clients and reduce cc fees from 3-6% to 0%.


Another suggestion is to suggest to him that you would like if they did accept BTC but f not than you will take your business elsewhere in the future in a polite manner. Tech people either are in love with BTC or dislike it(usually for political reasons) from what I have seen. It is a 50 /50 split so calling around you are likely to find many computer shops accepting BTC or willing to give it a try if they are independently owned.

""No I'm sorry we don't accept it,  unfortunately that currency is dying."  He countered"


he does not understand it. we are too early in the game but nice try  ;)

id laugh even more if when the OP gets a bank statement it says:

Paypal*hisbusiness

it sounds like the repair guy is a crappy guy that doesnt know much, and i would expect he uses paypal to process the credit card.. like most sheeple

Don't give up.

I have had clients that initially scoffed at the idea and made fun of bitcoin do a 180 when one of their clients
asked to pay in Bitcoin and hinted they would take their business elsewhere in the future. A couple days later
I got them setup with bitpay.

in my place, i have already 3 repairs man (computer, help for software fix) that they accept bitcoin. :D
the problem is ... when i ask them if they have already have customer that they pay in bitcoin ... they ask no. :-\

they have launch this in may 2014 ... and have marked "bitcoin accept" on invoice to inform regular customer. 8)

Interesting story, he know about bitcoin, he thinks it dies and he will be proved wrong :)