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Author Topic: Making use of Bitcoin as payment in our business.  (Read 192 times)
retreat
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May 04, 2022, 04:54:36 PM
 #21

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!
When I first saw "Bitcoin Bar" I was sure that more and more business owners, whether it's cafes or retail, would accept and adopt bitcoin and altcoins as a payment option. transacting with bitcoin is very easy and safe, besides that, business owners make it easier to manage their business finances because the income they get will be very transparent.

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May 05, 2022, 03:06:16 AM
 #22

It's a good idea when we can use bitcoin for payment transactions in business, this will make the business spread all over the world because the thing that buyers like is being able to make transactions easily and quickly, bitcoin is the best solution than fiat.
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May 05, 2022, 09:47:41 AM
 #23

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!

The first question I want to ask you, is bitcoin legal in your country, are you allowed to use bitcoin as a legal tender for daily activities? If the answer is yes then you are free as a bird to integrate bitcoin as a means of payment in sales, El-Salvador is currently doing it and some few other countries that allow the use of bitcoin for business but if your country prohibits the use of bitcoin, it will only put you in trouble when you want people to use something that is considered as a crime in your location.
One interesting aspect of bitcoin as a payment method is the Lightning Network, it is extremely quick in resolving trades and simple to use but requires a channel between buyer and seller.

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May 05, 2022, 10:45:17 AM
 #24

Making the decision of accepting and using bitcoin and other cryptocurrencies on your business is not something new but that's an option for the business owner to choose to accept it or not, there can be meant factors involving this decision for a business, in own idea the first and most important factor is the demand of using bitcoin and other cryptocurrencies by the clients and users if that's what they want to see then using bitcoin can be pretty useful, for the field such as selling servers and domains and selling computer hardware sine the clients usually have some knowledge about the technologies this can be a good option, also depending on where you live you have to make sure if your governments don't have any problem with using bitcoin and cryptocurrencies otherwise you may have some problems with the government. 

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May 05, 2022, 10:52:36 AM
 #25

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!

I'm confused.Are you sharing your opinion or just asking a question and searching for suggestions?
If you want to implement Bitcoin into your business,just do it.There's no need to seek for other people's opinions.Just try adding BTC payments and see what happens.Do you witness a revenue spike or the opposite?Just gather some data about your implementation and analyze it.There's a big possibility that not many people would use Bitcoin to pay for your goods and services.What kind of business are you running?

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May 05, 2022, 12:40:04 PM
 #26

using bitcoin as a payment in business, in my personal opinion the steps you take might be a very good step, because the steps you take can be steps to make transactions easily and quickly, plus your company will definitely be widely known by other countries , but you do not leave fiat, because fiat is also very important in making any payments.

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May 05, 2022, 05:40:21 PM
 #27

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!

Your idea is very nice, accepting Bitcoins in your Business could be profitable, but also think that Bitcoin is not stable and its risks could fluctuate sometime. you can also add USDC, USDT, and BUSD as modes of payment.
You can convert your USDC, USDT or BUSD in case you feel safe converting to Bitcoins.

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May 05, 2022, 06:46:16 PM
 #28

I think bitcoin acceptance shall be taken under consideration only by those who has pretty good number of people around them who are willing to pay in this currency. Unfortunately there are still many regions of the countries where bitcoin is tertiary and not even secondary payment system. I find many bitcoin logos and QR codes in few stores nearby however I barely see anyone paying on them. It’s harsh truth. The level at which we discuss this on the forum is something different while on the other hand when you are in the real world I see tiny space for bitcoin. Like its not even there!
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May 05, 2022, 07:24:36 PM
 #29

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!
i've made a post on a topic that discusses this that i have a small business that accepts bitcoin payments, since i did that only a few customers made payments with bitcoin and also some altcoins because many people here are still skeptical about crypto.  not many people realize that paying with crypto is very easy and safe, I will continue to maintain accepting payments with crypto because it is more profitable for me.

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May 05, 2022, 10:34:50 PM
 #30

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!
i've made a post on a topic that discusses this that i have a small business that accepts bitcoin payments, since i did that only a few customers made payments with bitcoin and also some altcoins because many people here are still skeptical about crypto.  not many people realize that paying with crypto is very easy and safe, I will continue to maintain accepting payments with crypto because it is more profitable for me.
Good job mate but be sure to look after with the laws and terms that is on your country towards crypto so that you wont be putting yourself into a possible problem ahead because you do engage or tying

up crypto payments which i would say a good gesture or initiative for a business owner to have.If you do really see that there are users who are really that making use of crypto
then it would be just common sense on trying out to apply it into your business.

Expanding awareness and exposure is the key at the same time it could give out that chance for you to make more profits out of those accumulated coins that you do have.

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May 06, 2022, 12:57:05 AM
 #31

It's great to add bitcoin as a payment alternative for your business. however, some things you need to pay attention to is whether your place allows that. if there is a special regulation regarding it, then it could be a problem. but, it would be fine if there was no special regulation for it. the second is, I think it might be more effective to use on the internet, because I think it will widen the audience for your product. many people do not want to use cash when doing business, and tend to use crypto for transactions on the internet. however, it's a great step for the development of your business, as well as support for bitcoin as a payment alternative.

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kaya11
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May 06, 2022, 02:22:11 AM
 #32

 Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!

I have a business with two branches however I did not use this strategy of yours using BTC as a payment. It is because my customers doesn't know a thing about crypto currencies, they pay through our local currencies. The only chance they could pay me is through our online shop, it is listed on a known site. The products that we sell are listed there and they have the option to pay and it includes crypto currencies using our local wallet that supports most known crypto currencies like BTC, ETH, XRP, SLP, etc. The use of Crypto is in good par with online business, but I never have encountered customers even once that pays with it, so that means they do not know about it or doesn't have crypto currencies, or they could've have it but chose to hold it.
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May 06, 2022, 02:50:49 AM
 #33

We're doing the same thing in our business, accepting Bitcoin as an option for our customers to pay us. We started it 2019 and even had a tarpauline with Bitcoin in it (though its now broken).

But because majority of people here are not aware of Bitcoin, its rare that I have customers opted to pay using it.

There are other digital payments, gcash specifically that are more popular here thus its understandable why they prefer that one.

Shasha80
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May 06, 2022, 03:13:57 AM
 #34

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!

Indeed, the purpose of Bitcoin was created as an alternative payment. So if we have a business, we should start trying to accept Bitcoin payments.
It will indeed make our business more developed, because customers are very helpful if they want to make payments, especially if the customer is
in a different country. Bitcoin has proven to be more effective for financial transactions between countries, that's because transactions using Bitcoin
do not need a third party.

But the problem is not all countries allow using Bitcoin as a means of payment, like in my country Bitcoin is only legalized as a digital asset. So I can't
have a business that I own accept Bitcoin payments. So indeed, to make Bitcoin a payment in our business, it is usually bumped into
by government regulations. We can't possibly break government rules, because we definitely don't want to break the law. So very lucky for people
who live in countries that legalize Bitcoin as payment, he could try to accept Bitcoin as payment for his business.

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peter0425
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May 06, 2022, 04:02:42 AM
 #35

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency..
All I see here is a Thread to FISH MERIT , you did not even clear what business is this and You will ask costumer lastly if they are not capable in paying using fiat? why not offer Bitcoin or crypto acceptance even in the beginning of the business so you can assess if the costumer is a crypto user or at least have idea what crypto is all about because if you do this later then how could the costumer find what crypto is?

Quote
.so my fans what do you suggest on my opinion!!!!

You have a FANS here? common , you did not even received a single  merit in your Fishing lol .









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MiF
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May 06, 2022, 06:04:43 AM
 #36

  Making use of "Bitcoin" as another means of exchange In our daily business is my own opinion to improve our business strategy, if customer doesn't have money to pay after purchasing goods and any other business transaction, we should try and implement the means of Bitcoin payment and through this our business will improve in market and it will promote our business both in local and international way because the present century we are now is century of cryptocurrency...so my fans what do you suggest on my opinion!!!!
I think using bitcoin as payment in business is not an advantage, and it is maybe better to use stable coins like usdt payment or fiat, because bitcoin is high on volatility look at the price of bitcoin today it is now dropping many people are get panic and loss, because of a small correction so before you make a decision like using btc as payment on business you need to think twice.


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