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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184066 times)
pecson134
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July 27, 2017, 10:33:07 AM
 #1261

First we need to explain to those investor how convenient to use bitcoins when dealing with their business where you just need a minute or two just to deal with each transaction despite on those confirmation fees.But more importantly is the time it takes to finish one transaction efficiently using bitcoins rather than physical currency.


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July 27, 2017, 11:15:34 AM
 #1262

A business is all about the "Bottom Line".

If it makes sense for the business and will help them succeed, and the proper profit motive and means to accomplish more profit is explained and understood, they will invest.

"Money is Made when Money is Moved."
(Like VISA or ATM transaction fees)

Helping businesses earn a transaction fee for accepting bitcoin would do wonders to bitcoin usage and acceptance. 

Instead of paying Visa a fee for allowing a credit card to be used at their business, they could earn the fee themselves for accepting bitcoin (just the opposite of the Credit Card Scenario).
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July 27, 2017, 02:24:48 PM
 #1263

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
Most of the local retailers don't have any clear idea about bitcoins.They must be individually approached and must be explained about bitcoins.They must be explained that once payment is made in bitcoin,it could not be reversed.Also,they should be explained that though bitcoin price is highly volatile,its price has increased considerably from its previous price.They should be said that unless governments regulate bitcoin,their bitcoin earnings will not be taxed.


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July 27, 2017, 03:31:21 PM
 #1264

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.


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July 27, 2017, 03:45:06 PM
 #1265

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.

The issue lies beyond just informing people. The value of bitcoin fluctuates so much. In my opinion, it doesn't make sense for sellers to take btc as payment due to the volatility of it. It's similar to if sellers accepted stocks for payment instead of cash. They might end up losing value due to the everyday changes in the market.

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July 27, 2017, 04:07:24 PM
 #1266

A faster transaction is the ultimate role of btc as a digital currency. Furthermore, it can easily be converted to other currencies. It would not require hassle transfer of physical money. The value of bitcoin is also increasing at this point. Therefore the value of the earnings can also increase (while it is still in the bitcoin currency) as the bitcoin value increases.

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July 27, 2017, 11:42:31 PM
 #1267

If you want to encourage local businesses to accept BTC you just need to promote first the bitcoin in easy way. Also try to suggest the advantage and disadvantage of cash and bitcoin to see the good side part of bitcoin into our industry.
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July 30, 2017, 05:51:23 AM
 #1268

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.
If I am a local business bitcoin can catch my attention if bitcoin assured to me that my business is safe from any other scammer and a lot of people will become interested to my products and services. Yes in bitcoin the transactions is fast, the payment is also fast but who's my target clients? Only bitcoin users, maybe my income was lessen or else my business will die. Why? Because not all people used bitcoin.

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July 30, 2017, 05:54:54 AM
 #1269

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.
If I am a local business bitcoin can catch my attention if bitcoin assured to me that my business is safe from any other scammer and a lot of people will become interested to my products and services. Yes in bitcoin the transactions is fast, the payment is also fast but who's my target clients? Only bitcoin users, maybe my income was lessen or else my business will die. Why? Because not all people used bitcoin.

Agreed to your point, it is a valid point because i have seen their are lot of local shops who are accepting bitcoin but they business is not even 1% of the fiat currency because first their should be lot of bitcoin users and more over the price should be controlled and stable then only the local business people will use it. Because high fluctuations will always keep them fear of if the price downfall then their income will also get reduced.

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July 30, 2017, 12:28:23 PM
 #1270

I ask in shop did they want accept btc and says no.


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July 30, 2017, 01:11:58 PM
 #1271

for us to encourage local businesses to accept bitcoin, we should educate them what is cryptocurrencies and what are the possitive opportunities that they may incurged if they adopt the platform of bitcoin.
upon knowing the pros of bitcoin to their businesses, they will understand why cryptocurrencies is the future mode of payment.

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July 30, 2017, 01:29:54 PM
 #1272

for us to encourage local businesses to accept bitcoin, we should educate them what is cryptocurrencies and what are the possitive opportunities that they may incurged if they adopt the platform of bitcoin.
upon knowing the pros of bitcoin to their businesses, they will understand why cryptocurrencies is the future mode of payment.
Forsooth, in order fo us to encourage the local business to use bitcoin upon their transction is we must persuade them on what will be the impact of bitcoin in their business. We should introduce to them what is the purpose of it and how it is being used. We could encourage them by just telling them the good opportunities that they will get from it.

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July 30, 2017, 05:18:45 PM
 #1273

In my experience, if your going to go one by one and try to introduce them to BTCitcoin and explain how it works in order for them to accept payments of BTC , it would be really a lengthy process and you'll stop doing it before you start so the best suggestion I could make is either by making a mini seminar wherein you invite them altogether and talk about it and even show some of the YouTube videos that well known speakers of community are in and they cover almost everything... And in cases of online local businesses, you could try to send them a support ticket regarding the matter and I've had luck that they answered, "were already reviewing BTCitcoin payments and will consider it for the future" .
I agree it is much better to encourage and advertise Bitcoin to people in a more passive way where we just need to continue our support to Bitcoin my using it as a daily transaction for them to know and see what Bitcoin really is. In this time we don't much need to tell to them to used Bitcoin rather we just need to make an effort to let them see the possibilities and the development a head to Bitcoin.

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July 30, 2017, 07:37:05 PM
 #1274

In my experience, if your going to go one by one and try to introduce them to BTCitcoin and explain how it works in order for them to accept payments of BTC , it would be really a lengthy process and you'll stop doing it before you start so the best suggestion I could make is either by making a mini seminar wherein you invite them altogether and talk about it and even show some of the YouTube videos that well known speakers of community are in and they cover almost everything... And in cases of online local businesses, you could try to send them a support ticket regarding the matter and I've had luck that they answered, "were already reviewing BTCitcoin payments and will consider it for the future" .
I agree it is much better to encourage and advertise Bitcoin to people in a more passive way where we just need to continue our support to Bitcoin my using it as a daily transaction for them to know and see what Bitcoin really is. In this time we don't much need to tell to them to used Bitcoin rather we just need to make an effort to let them see the possibilities and the development a head to Bitcoin.

There are lots of new post, why bother to quote an old post? Please look at the date.

for us to encourage local businesses to accept bitcoin, we should educate them what is cryptocurrencies and what are the possitive opportunities that they may incurged if they adopt the platform of bitcoin.
upon knowing the pros of bitcoin to their businesses, they will understand why cryptocurrencies is the future mode of payment.

It will not work because for businesses to accept BTC, they must seen an active community of bitcoin user in the specific location which in  general is not that much. Just by looking at those big merchants that support the whole world but still some of them didn't accepting bitcoin yet.

But you know the legalization of other countries is a big step into recognition. Soon businesses will automatically adapt bitcoin without us encouraging them.
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July 31, 2017, 10:50:55 AM
 #1275

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
First,retailers should be explained about benefits of bitcoins.They must be explained that there is no charge back in bitcoin payment unlike paypal.Another problem for which retailers don't like to accept bitcoin payment is its volatile nature.But they should be said that bitcoin's price is increasing continuously on a long term basis.So their bitcoin income would grow giving them good returns.


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kevinn669
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July 31, 2017, 01:09:00 PM
 #1276

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
First,retailers should be explained about benefits of bitcoins.They must be explained that there is no charge back in bitcoin payment unlike paypal.Another problem for which retailers don't like to accept bitcoin payment is its volatile nature.But they should be said that bitcoin's price is increasing continuously on a long term basis.So their bitcoin income would grow giving them good returns.

For business to take bitcoin, it is necessary that the government also accepts the crypto currency as the official currency.
It is dangerous for businesses to take bitcoin because its price is highly variable.
It is very difficult to constantly recalculate the cost of an item in the equivalent of bitcoin.


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pealr12
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July 31, 2017, 02:35:10 PM
 #1277

It will take years before a local bussinesses will say "yes " to accept bitcoin another payment option. It will be a long road to walk before they approve bitcoin to accepted in every business.

mamahpapah
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July 31, 2017, 02:58:14 PM
 #1278

You should explain them the benefits of accepting Bitcoins as payment. Your transactions cannot be traced by government and so your income will be tax free.Payments once you got through bitcoin  cannot be replaced to customers.You should explain these benefits
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August 01, 2017, 06:13:49 AM
 #1279

You should explain them the benefits of accepting Bitcoins as payment. Your transactions cannot be traced by government and so your income will be tax free.Payments once you got through bitcoin  cannot be replaced to customers.You should explain these benefits

In addition to benefits, there are many negative factors.
Business is a risk. And business in which bitcoin will be used is a risk doubly. It repels businessmen.
Only the government can stimulate the business to take bitcoin. For example, if operations with the crypto-currency are exempt from taxes

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August 01, 2017, 10:26:41 AM
 #1280

If you own a local business or have a close person who runs one persuade him to accept bitcoin and promote that fact you will gain competitors' attention very quickly especially if you gain more clients.

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