Bitcoin Forum

So 2 months ago I started to accept Cryptocurrency as a payment system in my rice business.
Here's the previous post if you are interested:
I started business many days ago. Now it's time to accept Crypto as a payment.  (https://bitcointalk.org/index.php?topic=5409470.msg60731588#msg60731588)
After this post, I got so a good deal of help from you guys. The information you shared with me and those advices has helped me a lot.

For the past 2 months, I have got some payment through Binance pay. Not too many people were aware of crypto and those who knew, they were very excited.
I am a wholesaler, so I sell in bulk, and they were very happy to pay me with Crypto. I have 4 customers, who pay me through Binance.
They were worried about BTC payment as it takes time for the transactions to complete.

[I don't know much about how to do it faster. If anyone knows, please leave your comments below. It will be very helpful.]

So here's the transaction that were made by them.

https://i.ibb.co/19T08Pf/photo-2022-12-18-20-46-54.jpg

I am very happy that this is going well, and I will also try to teach people who don't know about crypto payment or crypto at all.
In the future, I hope we can build a community of crypto users and do our business that way.
Cheers.

_tjtonmoy

You are already using Binance pay which supports Bitcoin transaction too. Bitcoin transaction nowadays only requires a couple of minutes to received 1 confirmation and you can instantly view that balance is already unconfirmed the moment you sent the Bitcoin. I have a business too that accepts Bitcoin and I already accept unconfirmed transaction from my customer since double spend is rarely to happened from normal shoppers but still it depends on your risk appetite if you can do this since you are a retailer with much huge capital involved.

It’s good to see how booming your business. Are you charging some premium when they are paying in crypto since there’s a chance that you will get less once you convert it on fiat.

As much as Binance pay provides a nice service to everyone who wants to receive payments, it is central and if a problem occurs, it may cause you to lose your money. If you have time and want to invest in Bitcoin for a long time, why not accept Bitcoin using an open source tool and give you complete control over your coins?
If you want to know more, read Bitcoin Payment Processors (https://bitcointalk.org/index.php?topic=5259548.0)

My customers are not comfortable holding their BTC in Binance, so there were no transaction made with that.

No, I charge them regular. But I am thinking to add 5% discount to anyone who pays with crypto. Hopefully that will attract those who doesn't use crypto.
hopefully that will help me grow more


Binance has P2P trade which is great for quick crypto to fiat convert system. I have to invest what I earn, so I will stick to Binance for a bit more before I can figure out how to properly maintain my funds so that I don't have to withdraw my funds and I can hold them for crypto investment.

Congratulations! You can have a network with them and friends of friends of your customer will have that idea that you accept crypto as it's likely that they've got friends that are into crypto too and might be interested to pay crypto.

That will for sure attract them, and on your end you still have the margin/profit from that discount so that's totally fine. That's a good promo discount for those that would like to pay you with crypto.

Nice to see traditional businesses accepting crypto payments, congrats for this.
Just a curiosity some way related to the business : do you instantly convert crytpo received into Fiat or holding or doing both things in different percentages?

It’s a delight reading post about using bitcoin and other crypto as payment options. As for your problem with delay in confirmation, using lightning network for your transaction would be faster. It was already suggested that you adopt lightning network in your previous thread. It seems you haven’t done so yet, I guess you didn’t see it or aren’t familiar with the process. You can read it up here  “Basics of the Lightning Network”. (https://bitcointalk.org/index.php?topic=4940536)
I also noticed your customers pay in BNB and USDT, I didn’t see any bitcoin transaction. Are you only accepting these coins as payment?

I am not sure how your whole ecosystem and balance of payments is working but I would recommend you to go with a private key wallet instead of using Binance Pay. I think it will make your life much easier and safer if you go through a private key wallet. I understand that it's easier to convert your cryptos into some other cryptos using this method but with a little bit of effort you can do that in a wallet too. But yes I feel the one advantage of Binance Pay is that it's free for the sender as well if he is on the Binance platform only so Technically that's an advantage but this advantage is surely coming with a lot of disadvantages as well. I am desperately waiting for someone to make such a solution over a decentaralized blockchain.

I think he needs to convert it back to fiat to reinvest again his capital on his product for restocking of his good. I try to established business before that accepts crypto but I failed to keep my crypto payment intact to the supposed to be payment amount because the P2P rate to my country is very low compared to the normal exchange currency on our local fiat price.

Hey, if it doesn't cost much, including your time to set something up like a Bitcoin payment. I'd say don't worry about it too much. The thing with Bitcoin is currently we've got a lot of it's users thinking that its too valuable to be purchasing anything with in its current climate. Therefore, they hold it instead. That's true for most recessions, but particularly so for Bitcoin since it definitely has the potential to increase ten fold in a short period of time.

I wouldn't worry about expanding your advertising or anything like that for Bitcoin payments, since it probably wouldn't be worth it, at least in the money return. If you want to do it because you just want to promote Bitcoin, by all means. However, the need for rice, and the amount of people willing to spend their Bitcoin for rice in the current market situation isn't going too be many.

Congratulations, the biggest thing you have achieved in your business life is that you have patiently traded and intelligently used cryptocurrency as your business payment system.  It is true that initially you will not get great feedback because maybe few people in your country know about cryptocurrency especially they are not that much interested in cryptocurrency payments.  If you patiently implement cryptocurrency payment in business system then you can get big things in future.  Moreover, seeing your business system, others will show interest in crypto currency.

congratulations on your success in opening a business with cryptocurrency payments.
you have good determination and can develop your business to accept payments via crypto, and maybe this will be one example for others to accept crypto in terms of buying and selling transactions.

but I'm sure that even though not many people know crypto at this time, you already have a number of customers who have made transactions using crypto, later it will spread to several other friends and attract the attention of several people to try to buy at your place of business using crypto.

actually now bitcoin transactions don't take long, just 1 confirmation the funds have arrived to the wallet.

every company must have marketing to attract the attention of buyers.
If you have a promotion like you said, it will be more interesting and I'm sure some new customers will come to you soon.
passion for you

Unfortunately no bitcoin payments on the list :(

I don't get why people use usdt to buy things. It's like converting your dollars to something much more risky to hold, without any reward. Usually when you take the risk there's a possibility of a reward that works as an incentive. In this case there's none of that. You don't even do any good for bitcoin by using a stable coin. You don't popularize bitcoin payments this way, don't encourage people to invest, don't earn any money...

Don't get me wrong, you should accept it if people are willing to pay with it. As the old Latin saying goes pecunia non olet.
I'm just curious why someone would go through all these hoops to buy an altcoin that's made to simulate a fiat currency instead of paying you with a real crypto.

Great news for the crypto community, it seems! We are slowly inching closer towards a future that is centralized less around fiat and more around digital currency. Anyhow, I wish you the best of luck with your business and everything you do to support it. It looks like a great opportunity for people who would like to spend their crypto without having to convert it to fiat. It is also a great incentive for others to try out. I am very optimistic about the future of crypto as a payment system for businesses that deal with any form of goods or services.

Congratulations on your progress so far! The 5% discount for cryptocurrency payments honestly sounds like a great deal, since your average transaction size is over $200 to $300 each. My main concern and question, though, is one: what do you do with the coins you receive? Judging by the screenshot you have provided, all transactions (except those with stablecoins) are in BNB. Do you hold them in an attempt to sell them at a higher price, or do you instantly exchange them to a stablecoin? Aren't you worried about market fluctuations that could potentially have a negative impact on your business?

I believe the transaction between Binance accounts are instant.  When paid via Binance user option, the amount paid is credited on Funding funds, not on spot wallets.  It is a fast transfer because the transaction is within the Binance system.  OP don't have to wait too long and so the customer also can see that the transaction is successful in less than a minute or so.


Indeed 5% in bulk sale is huge.  So I guess customer will opt in using the cryptocurrency payment to save 5% of the deal. 

Won't you be at the 'edge' from doing this? I mean your business. Ofcourse your stock of goods will be eventually purchased, would you be using their crypto payment for the 'restock' or 'refill' procedure of your store? 'coz if you'd be using  your other money that won't be sustainable right?, It will just be showing that you are forcing crypto adoption. The advocacy is indeed good which is to encourage more people to use this technology as a mode of payment. But if it would cause losses to your shop (as I gauge, there will be given that the price is still on down low). Well, you could really wait for the 'pump' but I am a bit worried; would holding their payment be sustainable with your shop? I hope it would. The reason why I brought this up is because some of the small businesses on my area tried to do the same thing and it is sustainability of their business which became the problem afterwards.

quite happy to hear your business is successful with crypto payments and has 4 customers paying you through Binance Pay.
The payments provided by Binance Pay are instant and fast, I admit it. But do you have to fully trust all your assets on Binance. and you have more payouts on BNB coins, whereas the asset is more volatile and will lose value when the market is not good.
don't you use another platform that will convert directly to Fiat so that your profits will be maintained and you will not lose when the market is not good?
But that's your business and you manage it, if you do full adoption and believe in crypto, then your way is the best for crypto adoption, but using Binance as an asset repository is certainly not right, because not your key is not your coin, you don't have full control.

Glad to see you doing well keep it up! With recent fud with binance id be holding btc or fiat congrats! :)

I really don't think this matters anymore, goal here is to accept payments in multiple ways as well as possible as it is part of increasing your sales. Later on, it's already up to the OP how he can restock his/her products, so overall, if OP goal is to accept cryptocurrency as a payment method without goal of investment then everytime there's a payment, OP can convert those cryptocurrency to some fiat currency or stablecoins which I know Binance is very capable of doint it.

one bottleneck here also is that his customers will find it hard at first to be oriented with lightning network, hence, they are using third party platform for the payment method. once direct way of receiving payment is via electrum wallet where you can provide your wallet address. as it is not consuming a lot of space, one can install it also via google play. at least with this wallet, you have full control of your keys and you don't have to worry about the third party service provider. now, the OP can directly receive BTC and may very well offer a discount as you will not add anymore the fees involve using binance pay.

Indeed. OP has said above that people are afraid to use BTC because the transaction takes a long time.
Considering this fact, I think OP can't say "doing well" on the title. He has a big problem here, people still don't want use BTC as the payment tool due to long time for its transaction.

Do you mean using USDT for payment tool is riskier? Or you mean holding USDT is riskier?
I don't see any problem to use USDT as a payment tool. It is even more secure because its price is stable. Don't avoid the fact that BTC is more volatile than USDT. By they way, OP shouldn't hold all the payments, he must convert them to dollars. It is the way to secure his bussiness profits.

Binance pay supports bitcoin payments, and can get confirmed in a couple of mins. Would have been a lot easier if your customers can pay btc as you prepare what they ordered. Have a little chat with them and bam, you'll get 1 confirmation usually within 10 mins (or less on non-peak hours). It's great that some people have already tried paying using cryptocurrencies, but it could have been better if they can pay in bitcoin too. It's a great start, and hopefully along the way you get to see customers willing to pay in bitcoin and willing to lend some time for a chat regarding that too.

Be careful downloading or using a search engine in google play, use the official website of Electrum (https://electrum.org/#download) when someone wants to download it because it's a safe way to download Electrum and the last thing is always to verify GPG signatures.

However, I tend to agree with this using Electrum as your Bitcoin wallet via payment method, you can also use it through a QR code on that app.
It usually takes 10-15 mins when the confirmation transaction to confirm and for a safe transaction could be 3-4 confirmations and that's unlikely can reverse a transaction.

Good luck in your business, glad to know there are people who keep spreading Bitcoin awareness.

There are no actual Bitcoin payments, though its a good thing you confirmed that you're also accepting Bitcoin and other cryptos, it might be that your clients happens to only have USDT or any other stable coins available or doesn't want to spend their fractions of BTC at all.
It's understandable, because spending BTC during bear market will make you spend more fractions than during bull season.
These are all business men btw, so most likely they're not gonna gamble their Btc, instead they're paying in other forms of cryptocurrency.

Glad you got paid a few times. Biance's P2P business quickly completes the transfer. At present, the price of cryptocurrency fluctuates greatly. I suggest switching to usdt or busd for trading.

We do not want to use Payment processors, because they convert all Crypto payments directly back into Fiat. A true Bitcoin transaction must take place between two parties and not with any intermediary third party service.

People must understand that Bitcoin was meant as an alternative payment option, without any centralized Payment processors. You should be in control of your own wealth. (Private Keys)  ::)

Yes, that's true, but there has to be a middleman in this case (when we have a transaction happening on a commercialized level) where we have that next level of ease of use.

First of all, congratulations on your business OP! You are actually living the dream that most have aspired- accepting cryptocurrency as an alternative payment in their respective businesses. I remember a thread was posted here asking if there are any small-scale businesses accepting cryptocurrency as a medium of payment and you are the living proof that you are practicing this system.

Just a quick question though, how do you accept cryptocurrency on your business? Did you create an external wallet in order to keep all the funds sent? Another thing, did you encounter any issues with the payment given that you receive them after the confirmation of blocks?

Congrats @OP. Even if your customer pays using BNB, they will still be willing to try using crypto to pay for what they buy. If more customers are willing to open themselves up to pay for what they buy using crypto, it will help the adoption process around you. Perhaps, you will probably be known as a crypto pioneer who has helped them to know how to use crypto as a means of payment. And I have seen that you have successfully introduced other payment methods besides fiat. Congrats again @OP.

Congratulations on your achievement so far and your contribution to the adoption of cryptocurrency in general. I observe you're using a centralized payment processors which is Binance. I know they can be easily used since you won't have to set up much but have you considered accepting payment in just Bitcoin.
This altcoins will come and go and some might turn into scam in the future and not because they actually what to scam but due to their centralization. Binance is now been targeted by the fed and who knows if they'll succeed in bringing them down.
If that was to happen it might send a wrong message to those that will pick interest in the coin due to you promoting it buy accepting it as a form of payment. Bitcoin should be the prefer choice.

Hey OP, super interesting to read about it, I don't think I've ever seen a rice seller use BTC. Now the question is where are you located and could someone buy from you and deliver? I don't mind paying BTC half first and half on delivery? Do you have a list of what you sell and where to deliver? And obviously all legal?

We eat a lot of rice here but lately prices have gone so crazy most people buying smuggled ones but of course with quality that's scary to trust (so I don't do that as I'm afraid of what's in it).

Me too, what's wrong with using USDT for payment and not BTC? If it were me, I would also use USDT or any other coin that is not BTC, partly because of its volatility, and partly because I don't want to waste my bitcoins. We are trying to accumulate as many bitcoins as possible, there is no reason to use bitcoin when it is cheap and a waste of bitcoin, while we have many other options.
I still think he is doing well, accepting crypto payments has been a success, and choosing which coins to pay with is the client's decision, not his.

Hey, I am sorry that I could not answer all of you individually. But here's some info which will clear some doubts.
I have recently started to accept crypto and getting good feedback as you can see on the payment history. As many of you have said that there are no BTC transactions yet. Well, we are in the first phase of using crypto as a payment. And USDT/BUSD has same value as USD and calculating them as a price is easy. BTC calculation and its volatility makes it hard to calculate.
Here's an example.  
Someone called me and placed an order, which he will pick up tomorrow. So if I calculate the price in BTC today and the market rise up or dump after that, the price calculation needs to be done again. It's different in hand-to-hand order. So I have to consider that too. If someone is willing to pay me in BTC, then I will accept it happily. But I can not force them to use only BTC as payment. IT's their personal choice. From my end, I think this is just the beginning of a great thing. We are slowly starting from the start point and when we will reach to the finish line, I am sure we will see all kind of crypto payments.

And one more thing I have noticed while reading all your feedbacks is that you guys want me to use my own personal BTC private wallet to receive payments. I am working on that. I will add that soon in my business. And the thing is, I have to convert the majority of my crypto into fiat money in order to reinvest them in my business. Currently, the amount I earn is not suitable for holding crypto. So in the future, when I make this business grow more, I will try to save one third of my earnings in Crypto. So pray for me, guys. We can build a crypto community for sure.

Everything comes with a challenge, But we will see what happens. I am not afraid to accept some challenge.

It is, but you need to know that nothing comes for free. That's why I am concern to use it. But until I can use private wallet perfectly, I will have to stick to it.
Thank you
Thanks mate.
Maybe I can deliver. Kindly let me know your address. If you are concern to disclose your address, then DM me.
You can see that in the first post linked in this post. if you are not interested to see that the ill say it here. Binance Pay. All crypto are accepted

Thank you.
Thanks a lot mate
It will be done shortly. working on it.
Thanks for the positive vibe. means a lot man.

Binance pay is very easiest and Fast way for accepting payment. BTC transaction takes time when transaction done. It will pass many confirmation and then you will recieve payment. BTC payment can be made faster by increase gas fee but Binance pay is best option because it's totally instant and without of any cost.
Very happy to see that you are doing well.

This is an expected concern for a business who are having a tight cash flow. Anyway, does Binance Pay does not have a feature to accept FIAT payment settlements? Other third-party payment gateway services have a direct crypto-FIAT conversion, maybe if you consider other options for the payment gateway, you can utilize that features in the meantime. For example, Bitpay[1] and Coinbase Commerce[2] have the feature.

[1] https://bitpay.com/business
[2] https://www.coinbase.com/commerce

I really like what you are doing.

I do not want to be the one to spoil the party, but someone has to say this too that as things are going well now, you should also plan for when your business increases and the number of persons paying you with cryptocurrency increase. You should also be able to anticipate potential challenges you will face with cryptocurrency when your business increases so you can be best prepared to sort them out.

It is good to see someone including crypto as a payment system. I have read your previous post too. You are doing a great work for the community. Hope you will expand the business more and establish a good ecosystem where you can take crypto as the main source of payment. Till the day arrives.

I don't think I skipped it, because I didn't see it in the OP, but what payment system are you using?

The fact that nobody wants to spend their bitcoins in a bear market, I think the bigger obstacle is the volatility and transaction fees of bitcoin as well as transaction confirmation time, which makes people more hesitant. If I were a customer, I would also be quite hesitant to buy a few kilos of rice or food at a low cost, and if I had to pay an extra transaction fee, I would feel a bit uncomfortable. That's the user mentality I think everyone has.

Glad to hear the OP is running smoothly with the business he is running (payment via bitcoin or other crypto assets). The initial step when the OP first told me that he had started a business with the payment method he was using. And to this day we hear news that the business he runs is going well even with regular customers, even though there are only a few people but I'm sure if this is done very consistently then OP's business will grow even more in the future. This is a creative form that the OP is running with his knowledge of bitcoin or crypto helping in his endeavors. I pray that what OP is doing today can grow very rapidly.

This is great, dude, you are helping the spread of bitcoin and cryptocurrencies and increasing their adoption by people, Binance Pay is a great feature on that platform and through your pay ID your customers can send crypto to you without paying any commission, this is a benefit for both parties, in terms of speed and completeness of transactions I think that it only takes less than 5 minutes, depending on the pressure of the network. I hope that your business will grow in the future and you will find many customers who deal with you through crypto, with the increasing awareness of people and introducing them to the sparkling benefits of crypto, the speed of transactions, privacy in it, and others, I believe that they will choose Bitcoin and Altcoins as the first decision for payment.

Increasing the adoption of cryptocurrency - Yes, spreading btc adoption - I doubt that since the OP is not exactly accepting btc directly yet.
Although, I commend the op for taking the initiative of accepting crypto (stablecoin to be precise) in his business, no doubt this will give awareness of crypto payment to many people who were not aware. The idea of getting multiple payment gateways is very important in business, especially startups.

I think ops are already doing well with reinvesting since he is already using binance pay which makes it easy for ops to convert the payments in cryptocurrency into local currency for re in stock his goods since not many people accept bitcoin in their local communities since his line of business has to do with foodstuff and must market dealers requires physical cash as payment but it easy for ops to accept bitcoin in his rice business because of his background understanding on cryptocurrency.

Well to be honest 5% discount would be really tempting for those who are new to crypto, and it is a great way to promote your business and cryptocurrency at the same time in your area.
And crypto are being used as a currency this time and not as an investment tool so great job OP.

Is it legal to sell goods for cryptocurrency in your country and do you include in the financial report the cryptocurrency that you received for the goods sold? I know that most entrepreneurs are forced to sell cryptocurrency and only then include the income received in their report.

During a bear market is a good time to keep adding Bitcoin and not using it because the amount will be bigger than during a bull market which is why there are no transactions using btc in the list of transactions that Op mentioned.
Op is brave enough to accept crypto as payment in his shop because he might incur a small loss due to the price dropping the same day he receives the crypto, if he chooses to keep it for a long period then he must have enough fiat reserves to continue buying goods -items for sale in his shop.
But people like Op are really needed in the crypto world so that crypto is increasingly known among many people.

Of course, with what the OP is doing, more and more people who actually have a business will do the same thing, because it is clear that the prospect of using crypto will continue to grow and many benefits will be achieved.
that's right, with transactions that go smoothly of course this is good news and really appreciate what the OP did, because it's not easy to want to start accepting and making payments with crypto.

if you look at almost all payments using BNB, hopefully OP will provide education again by holding back the BNB currently received and developing it by waiting for BNB prices to start increasing.
of course we will see the difference between the value of the initial payment and the value obtained after development, of course this will make the interest in payments using crypto feel even more beneficial.

As I've watched the transaction history, I could say that the people around you aren't yet in the adoption of using crypto as a mode of payment. They are still using fiat money but at least on those numbers, it was still a successful attempt. It will just need some time to gain more crypto adopters, awareness and education are also big factors.

Anyways, all I can say is it was doing well, perhaps it was just an option because what is important is to see our business is growing and profiting.

OP once said that he would have promotions such as discounts when purchasing using crypto, it would widen the interest of buyers to try buying with crypto.
I'm sure that OP will soon succeed in developing his business in various ways to attract the attention of buyers. we can see that OP has quite good marketing knowledge to run his business and reach buyers to use more crypto payments

That is what I noticed too. Here in my country, the number of people who support cryptos in their business are now growing slowly and when I browse the forum, there are post from time to time about the users who do the same thing. It was nice to see how BTC goes the longer it runs. Now the only wish we have is those countries who currently ban BTC, unbans it and join this BTC mania/fever. That is going to be awesome.

We are now sure that the new ATH that all us are assuming of are now going to be reached this time. It's also nice to hear that the business of the OP is still doing well despite of the economic crises and then the value of cryptos are also not doing well. How much more when all returns to normal? I think he is going to be more profitable.

It will be hard in his few months because as he starts to accept it, he also needs to have proper knowledge of explaining it to people that are completely ignorant of how cryptocurrency transaction works and how they can prevent themselves from hackers. By doing it, he will somehow increase the number of people buying with bitcoins in their place. The OP is a real enthusiastic because this time the crypto market hasn't been giving any sign of positive news for the past few months and let's just hope we see some positive changes next year so that people will be interested in the OP's innovative payment system which is bitcoins transactions.

Of course, when the market returns to the bullish trend, OP will be able to extract even more profit from the sale of goods for cryptocurrency, of course, if it is not only stablecoins. But while we are at a bearish stage, it is preferable to make all sales for stablecoins.

always happy seeing more and more adoptions for the Bitcoin and altcoins .

A friend of Mine started also accepting Bitcoin and couple of altcoins in His Compute service Business and now has many costumers that not just pays bitcoin but also invested in bitcoin as well.

Maybe it is mate, because he is confident in broadcasting the business and the acceptance .
so how can you profit once the price bounced back if you are going to buy or convert your funds to stable coins?

I guess for now he is safe with accepting stablecoins.

But we all know that real profits is when you accept our cryptos and just started to hold. Although we don't know if the OP can keep it up without selling some to know, replenish his capital so that his business will continue to grow.

Nevertheless it's a good move by him to accept and see how it goes for him. So far it looks good and hopefully his business will grow till the next bull run.

Read carefully again what I wrote about earlier) So if the OP had enough working capital to purchase goods and hodl of his profit in cryptocurrency, then now when he sells it, he can get an additional profit. The most important thing in using cryptocurrencies in settlements with buyers, OP offers them a greater choice of different payment options.

Sad news guys. I had to stop this after sometime. It was done recently. There's been some legal issue going on here in my country and people are getting arrested for their involvement in cryptocurrency. I will have to continue my business, but in order to do that smoothly, I had to remove the crypto payment method. If you wish to know more about this, here's an update I made few days ago regarding this matter.

RE: I am stopping for legal reasons. Is it really worth the trouble? (https://bitcointalk.org/index.php?topic=5438416.0)

Read this, and thanks to all for showing their great love and support.

Sad to know about the stoppage of your crypto payment option but at least the business still running without this. It is to find out how tough are the authorities in your place when it comes to dealing with cryptocurrency but you have nothing to that and go against the government because they are too harsh in implementing their rules. You don't need to be in trouble or compromise your safety as it was the most priority for you now. You can open it back when the problem resolves but yes, that will surely take years.

That's a sad way of making you stop doing crypto payments. You will be on a hard situation if you don't follow your current country law. Actually you can still accept crypto payments but this time you will use a decentralized wallet to receive a payment and not using those centralized exchange such as what you are currently using Binance. Though there are still risk in accepting crypto payments even on a decentralized wallet because you can be put in a set up or someone will snitch on you which is a very bad thing. I'm sure there are people in your country that is against your new law and I believe that sooner or later, The law you are having right know will be revise into much friendlier state.

I'm sorry to hear that your country restricts cryptocurrency. It should have been a good way to develop your business with the involvement of cryptocurrency but it seems like it isn't the best time for you to adopt crypto as a mode of payment. You have no choice but to continue your business with the other mode of payment but I hope that one day, the restrictions will be lifted and you will also be able to use the same method again. It was a nice try, Op, and good luck to your business.

It is this circumstance that I draw attention to in my post https://bitcointalk.org/index.php?topic=5429986.msg61480828#msg61480828, in which I asked about the legality of such a method of payment for goods in your country. Most entrepreneurs face similar problems, since in most countries this payment method is prohibited.

Actually you are right about it, but as a good citizen he shouldn't have made it so obvious knowing that their country has not legally accepted bitcoin or even cryptocurrency and on ban. Unlike my country, it's not ban but we are only restricted from associating our local account details with cryptocurrency transactions. So boiled down to op, he or she wouldn't have made it that open or too showy to people but can indirectly tell people if they wishes to pay with cryptocurrency then he may share with them his address to make payment instead of generally make it open or printing it on their business front door.

Although, the easiest way to receive payment is through Trc20-usdt, it confirmed just some seconds or about 1 minutes thereabouts if op wishes to continue receiving cryptocurrency as payment.

I will if the government wishes to legalize crypto in our country! It will be a delightful event to see. I have no idea, and no one knows if that is going to happen ever. I like your idea of using Tron chain for faster transaction. But Binance pay which I added in the payment system is much faster and doesn't cost any charge. If you are willing to open up your own business with crypto payments included, you should give it a try. I feel sad about the crypto ban and can't do anything about it. This will be my regret.

I am confident that those 4 customers will become 40 in near future as awareness about cryptocurrencies is spreading everywhere and people are willing to use it for their day to day life's need. I am not completely not familiar with binance-pay but heard about it in this forum. My suggestion to you is, keep rocking and also look to get paid in your own personal addys which might be hand for you as depending on a third party services might become a headache when you get good volume of transactions in near future.

Also, try to hold 10% to 20% of cryptos that you will be receiving and the crypto you save should be only bitcoins; if this is feasible for you then I am sure that you can easily get 10% returns for the money you decide to hold for next 2 to 3 years. But, keep holding for 10 to 25 years also for life changing returns.