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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184287 times)
angryswamp
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July 26, 2016, 10:16:06 AM
 #241

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.

i think that you should tell base things like how it is easy to send payment and how it is easy is to get payment, and i am sure that they will be interested
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July 28, 2016, 04:49:25 PM
 #242

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.


I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

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July 28, 2016, 05:19:47 PM
 #243

While its not bad to achieve both the local businesses to also accept Bitcoin,  the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.

In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more.
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July 31, 2016, 05:40:47 PM
 #244

I always round up when paying with btc. I think an extra few cents/dollars on top of the bill is always a good experience for the business,  and doubly so if the price rises afterwards.
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July 31, 2016, 05:51:21 PM
 #245

While its not bad to achieve both the local businesses to also accept Bitcoin,  the word about bitcoin may just be spread widely if its also used and accepted widely by online users to huge auction and ecommerce sites such as Amazon and the likes. With it being used online, we need not to encourage local business but they may initiate by themselves.

In a few years, when there are a few million people use the bitcoin, the bitcoin price will be many times more.
For now i think many bitcoin users and traders and devs are planning how to adopt bitcoin more to accept almost all countries locally in many stores..
So better to wait for now.. and see what will happen in the future.. and im thinking it will happen in the future..  like in brazil..

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August 06, 2016, 10:10:27 AM
 #246

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

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August 07, 2016, 03:48:14 PM
 #247

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

That could be right. Although the bitcoin price is volatile, the price will rise in the long term. So if you hold long, you will make money.


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August 08, 2016, 08:53:56 AM
 #248

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.


I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

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August 08, 2016, 08:59:37 AM
 #249

It's going to be hard to convince local businesses to accept Bitcoins specially if they are not connected online. While everyone in this forum is dreaming that there will be a time for Bitcoins to accepted and go main stream like Paypal there are still people out there who does not appreciate Bitcoin and it's features. The confirmation alone is already a hassle to the local businesses, sometimes 1 confirmation can take up to 5 or more hours.
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August 09, 2016, 05:37:39 PM
 #250

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

That could be right. Although the bitcoin price is volatile, the price will rise in the long term. So if you hold long, you will make money.

If the local business accepts the bitcoin and hold the bitcoin for a few hours, that will increase the bitcoin value.
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August 10, 2016, 06:46:51 AM
 #251

Before telling him what btc is ,you should him the price graph.Tell him about its unstable price nature and how much he can earn profit.

That could be right. Although the bitcoin price is volatile, the price will rise in the long term. So if you hold long, you will make money.

If the local business accepts the bitcoin and hold the bitcoin for a few hours, that will increase the bitcoin value.
a slight advantage I think is enough, because if stored too long I fear of not liking

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August 10, 2016, 02:24:56 PM
 #252

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.

Show the business low fees and ease of it. Maybe it will work but if there not so many to use the btc qr codes maybe not. But to have the option is nice. The owner will only need qr code so very cheap and easy.


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August 11, 2016, 03:16:58 PM
 #253

Using bitcoin for purchases encourages mainstream adoption and will thusly contribute to the value of your long term holdings as well. If more businesses had the ability to accept bitcoin, it might encourage consumers to start obtaining and spending it.



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August 11, 2016, 04:21:40 PM
 #254

Using bitcoin for purchases encourages mainstream adoption and will thusly contribute to the value of your long term holdings as well. If more businesses had the ability to accept bitcoin, it might encourage consumers to start obtaining and spending it.

And say goodbye now to an active price volatility of bitcoin since regular usage will lead to a strong currency. That is a great step for bitcoin and I like bitcoin to become a strong one by using it as a currency and not for investment purposes.

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August 12, 2016, 09:32:53 AM
 #255

I think, it is rather encouraging when I can explain them what advantages they have in case they include BTC in their plans. No matter how cool invention BTC is while it has no use in a business plan. Anyone who demonstrates BTC to a business should emphasize the factors that can really help in the businesses strategy. If you could not find any factor that would well help the business, maybe the business should not accept BTC. However, I can imagine several cases when a business meet with some problem that the advances of BTC could easily solve. In these cases, the chance is very good to demonstrate the advantages of BTC.

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August 12, 2016, 11:43:10 AM
 #256

I think, it is rather encouraging when I can explain them what advantages they have in case they include BTC in their plans. No matter how cool invention BTC is while it has no use in a business plan. Anyone who demonstrates BTC to a business should emphasize the factors that can really help in the businesses strategy. If you could not find any factor that would well help the business, maybe the business should not accept BTC. However, I can imagine several cases when a business meet with some problem that the advances of BTC could easily solve. In these cases, the chance is very good to demonstrate the advantages of BTC.

Agree and most of local businesses are dealing almost with fiat transactions with their products and partnered merchants so accepting bitcoin can give them less profits. They will not hold bitcoin if ever they will accept bitcoin. They will use it again so the price fluctuations in bitcoin will not give them good profits.

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August 12, 2016, 12:18:14 PM
 #257

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.


I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.

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wikenpp
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August 12, 2016, 09:38:03 PM
 #258

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.


I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.



I think merchant find it hard to actually integrate bitcoin in their cash flow. Remember not everybody is technical and when you accept bitcoin, basic knowledge is required.
Overall I do think that bitcoin will become accepted globally but it is all a matter of time.

When it happens, banks will shake out of fear.
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August 13, 2016, 09:33:35 AM
 #259

When it happens, banks will shake out of fear.

I also think BTC will become globally more known and accepted by businesses, but I have my doubts that banks will shake out of fear. Banks have the technical knowledge, necessary funds and true interest in adapting BTC instead. They will be among the biggest investors. Especially due to the growing ransomware threat.

▀▄▀▄▀▄   👻  𝒞♡𝒹𝑒𝒳  👻   ▄▀▄▀▄▀
Harlot
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August 14, 2016, 06:51:05 PM
 #260

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.


I think this is not a solution. Because BTC wallets can send Bitcoin directly to other BTC wallets so I dont know why money senders needs BTC for there businesses? In fact BTC's convenience can weaken their sales

This is not a good idea at all. you can convince the sender to use bitcoin, but what if the receiver don't have the features of bitcoin? and only sending and receiving is not enough for local business, they send in fiat because fiat can be use easily in locally also. and bitcoin can't be used easily. if you accept bitcoin you again need to exchange them into fiat to use them and spend them.

Well the receiver can always have the solution to create a btc wallet its free and easy and you will instantly get an btc address . Also Exhanging it to Fiat is also not a problems. As many of the btc walket has a option to diractly move btc into your bank account automatically converting it to fiat.



I think merchant find it hard to actually integrate bitcoin in their cash flow. Remember not everybody is technical and when you accept bitcoin, basic knowledge is required.
Overall I do think that bitcoin will become accepted globally but it is all a matter of time.

When it happens, banks will shake out of fear.
We're missing one importand aspect here. It's the legality of bitcoin. How can a local business accept btc of its illegal in the first place. Some countrie prohibit the transactiom of btc thats the one of the big reasons whys it can't grow locally.

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