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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184290 times)
chennan
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December 15, 2015, 11:26:03 AM
 #41

I think the easiest way is still a payment processor.
- registration is free
- they receive the full amount without paying any fees
- there is no risk of holding any bitcoins
- receiving fiat currencies is easier to handle for them in terms of accounting, taxes etc.
basically its just like paypal minus the fees.
They dont even have to know anything about bitcoins.

Once they accept bitcoin and do actually have a significant number of bitcoin customers they can allways switch to accepting bitcoins directly and selling them on their own.




The problem with this, still, is the problem with confirmation times in Bitcoin. If you are buying something expensive like an engagement ring or something like that, then sure, tx times don't really matter as much because the business is usually not that busy all the time, but say like at a fast food service, or somewhere that is constantly busy with people waiting behind you, you don't have the convenience of having to wait for the next block to be solved.

I think every online business can use what you where talking about though, but since it's "local" I would think that you are buying something in person.

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December 15, 2015, 07:38:22 PM
 #42

Help them out with installing a system, most people aren't bothered to do it themselves. So if you offer to help them, they might consider doing it.

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December 17, 2015, 11:04:58 AM
 #43

Help them out with installing a system, most people aren't bothered to do it themselves. So if you offer to help them, they might consider doing it.

I thought bitpay and coinbase have teams to do that. They are established bitcoin payment processors. They benefit from payment processing.
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December 25, 2015, 08:42:05 PM
 #44

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.

The point is that its very fast in sending the bitcoins money to any one around the world. So if we all educate the local business owners in every countries then then the day will come when everyone accepts bitcoins and give bitcoins in digital wallet for any transactions.

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January 05, 2016, 09:42:12 PM
 #45

When the bitcoin price rise, it will be reported in main stream media. Local business owners might see the reports and try bitcoin.
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January 05, 2016, 11:35:58 PM
 #46

When the bitcoin price rise, it will be reported in main stream media. Local business owners might see the reports and try bitcoin.

So far the media are not exactly behind Bitcoin. Most bitcoin related news is negative not objective and sometimes even false.
To encourage local businesses we should trigger and approach them.

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January 06, 2016, 03:22:17 AM
 #47

When the bitcoin price rise, it will be reported in main stream media. Local business owners might see the reports and try bitcoin.

So far the media are not exactly behind Bitcoin. Most bitcoin related news is negative not objective and sometimes even false.
To encourage local businesses we should trigger and approach them.

The reason news outlets don't portray Bitcoin in any positive light, is because of the fact that most news outlets are indirectly controlled or influenced by government. We are passed the "laugh at them" phase, and now they are trying to remain on the "ignore them/discredit them" phase, before they have to embark on the "join them" phase.

Until more people can see the benefits from a limited, digital, and p2p verifiable currency; then the government still finds them self not feel as threatened. When you start seeing major celebrities, or other influential people start supporting Bitcoin and our cause, by "tweeting" about it and celebrating it on social media, then that's when you'll start seeing some backlash from government.

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January 06, 2016, 08:12:49 AM
 #48

I'm a retailer, i'm in south of italy. Accepting bitcoin is cheaper than Credit card ( here we pay a fee not less that 1.5% per transaction on CC , but usually pay about 2,5% Cry). So i hope that customer pay me in BTC ... But simply customer usually doesn't know what is bitcoin!!!!!! So first i think is important to make use of BTC easy for all people, then paying pizza or buying Gold Ring (in my shop hope  Grin) with bitcoin will be the same as pay them with credit card or cash.

Me too have difficult on bitcoin world, because this is full of tecnical word that was really difficult to understand (blockchain, hashrate, miners, block etc. ) ! People are afraid of unknown so they prefer to pay a little bit  more for use somthig really simple to understand as a credit card..
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January 06, 2016, 02:14:54 PM
 #49

@OP First I appreciate your effort to help bitcoin enter in to the day to day life by trying to to make it acceptable by the local business people.
I think the only way is to make them aware of the best two advantages of bitcoin payment like easy way of sending and receiving money and it's irreversiblity in a personal/group and practical demonstration.

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January 06, 2016, 03:53:07 PM
 #50

introduce and teach them to use prospective employees using bitcoin, if he is interested in let's say you're going to pay for it with bitcoin if he follows everything you say about business would you do, explain the language of cool, maybe he will be interested  Smiley


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January 06, 2016, 05:09:48 PM
 #51

introduce and teach them to use prospective employees using bitcoin, if he is interested in let's say you're going to pay for it with bitcoin if he follows everything you say about business would you do, explain the language of cool, maybe he will be interested  Smiley

Just offer them a service like bitpay where they get extra sales and you earn on selling the coins realtime (conversion).
For them it's a win so they will accept it.
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January 06, 2016, 05:20:05 PM
 #52

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.

Tell them what bitcoin is + tell them how to use it.
Tell them the benefits of Bitcoin. E.G. They don't have to pay VAT for sales made through it.

Show them ways to encorporate it into their business, such as: making programs that validate purchases for them so it is easier for their staff to use.

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January 07, 2016, 01:53:46 AM
 #53

I feel small independent business are crucial for growing bitcoin the more small companies like these that get involved can only help to spread the rise of bitcoin as a household name. It would be so much easier if some of these places accepted bitcoin and we as a community need to help spread the word.

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January 07, 2016, 02:56:20 AM
 #54

I own a Internet cafe Business here in the Philippines and i got a big banner outside that i accept bitcoin as mode of payment. earning 1M to 2M satoshis daily from few printing jobs.
I teaching the children how use the faucets and earn their first bitcoins. Children Today will be the next generation user of Bitcoins..

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January 07, 2016, 04:27:06 AM
 #55

I own a Internet cafe Business here in the Philippines and i got a big banner outside that i accept bitcoin as mode of payment. earning 1M to 2M satoshis daily from few printing jobs.
I teaching the children how use the faucets and earn their first bitcoins. Children Today will be the next generation user of Bitcoins..

I will also be into internet cafe later and will provide cellphone loads using coins.ph. I'm thinking if you get to have 50 people inquire about mobile loads, it could spread the word while you earn extra through the rebates.
Bitcoin banner outside will do help and also the text provided by coins.ph will probably help bitcoin's exposure to the locals.


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January 10, 2016, 03:23:46 PM
 #56

I own a Internet cafe Business here in the Philippines and i got a big banner outside that i accept bitcoin as mode of payment. earning 1M to 2M satoshis daily from few printing jobs.
I teaching the children how use the faucets and earn their first bitcoins. Children Today will be the next generation user of Bitcoins..

That is the very good effort. Young people tend to accept new things faster and better than old people.
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January 10, 2016, 06:57:30 PM
 #57

Nice thought brother..
Try to teach them(retailer shops, or any shop keeper) by btc as an worldwide online currency..
Tell them advantages of them..
And if he/she gets interested then automatically he/she will learn by themselves and will start accepting btc..

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January 10, 2016, 11:01:43 PM
 #58

More promotion material and more information about bitcoin is the key.
Let people learn about bitcoin themself and they will be sold eventually. The same thing happened to me.
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January 11, 2016, 12:35:34 AM
 #59

If you the customer have to be the one to persuade your local business to take bitcoin, that's a sign that it's not ready to go big yet. It's got to be a no brainer.
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January 12, 2016, 05:24:55 AM
 #60

encouraging local business to accept BTCwould be much way harder than encouraging them to invest on BTC
the best way to encourage them was to create the greatest store which they will recognize, and shows them that you are
accepting BTC as the payment method.
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