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Author Topic: How can we encourage local businesses to accept BTC?  (Read 184192 times)
Fraxinus
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September 23, 2016, 09:48:19 PM
 #401

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.
That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

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September 24, 2016, 04:11:25 AM
 #402

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.

This is one  of the reasons why  merchants   do have hindrance on  switching  bitcoin  as  a payment on their  goods and services and thats  because of   price volatility and also  some merchants  on other countries doesnt even heard  about bitcoin at all thats  why  bitcoins adoption on  merchants  is slowly progressing. Well maybe in future when bitcoin adoption  increases  and also the price would increase for sure  it would increase the  sum of merchants would  accept bitcoin as a payment.



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September 24, 2016, 08:34:27 AM
 #403

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.

Besides volatility maybe there aren't enough people willing to use bitcoins for shopping around where a local business is running, just for a few people a market would never introduce a new system of payment, they would only think of it if they receive quite a lot of requests for such a thing and then they will see if it is legalized so they might adopt it.
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September 24, 2016, 10:56:00 AM
 #404

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.
That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

I agree the initiative of these local businesses needed to become more encouraging by us. And we must tell them that bitcoin has the future cashless society.

And if they are going to adopt it then they are going to have another way of getting paid for their business but I guess they are going to be scared because of its volatility.

But if they are going to see it, they are going to see a lot of opportunity out of it.

 
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September 24, 2016, 11:49:22 AM
Last edit: September 24, 2016, 06:30:10 PM by royalfestus
 #405

I dont think it is right time for that in my country. Probably look for a better time to introduce it to the local business, when the trade is easier and safer.

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September 24, 2016, 01:45:26 PM
 #406

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.
That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?
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September 24, 2016, 03:33:01 PM
 #407

I think they don't want to use bitcoins because it is still new so they are afraid. All you need to do is to tell them how good they are and how it is good to use them, and they should like it
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September 24, 2016, 06:34:03 PM
 #408

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.
That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?
I support your opinion on irregularity in currency value. It is not good for daily transaction.

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September 24, 2016, 07:58:30 PM
 #409

I think they don't want to use bitcoins because it is still new so they are afraid. All you need to do is to tell them how good they are and how it is good to use them, and they should like it
I think they actually don't know how accepting BTC will benefit thema and therefore they aren't willing to try something new-that's why they should be encouraged and also that's why politicans should actually invole more BTC as a currency

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September 25, 2016, 01:42:04 AM
 #410

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.
That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?
In fact, we are can't encourage the local business for accepting bitcoin and bitcoin is so far from an enough currency for getting a real implementation caused by their own disadvantages like what are you saying and the another factor like the confirmation is always needed by the merchant or seller for preventing about the doubled spend.

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September 25, 2016, 03:08:56 AM
 #411

It just wont happen at least not any time soon, there is no way right now for local business to accept bitcoin, it doesn't even make sense for them to do it, I don't really see any benefits for them, it's just extra trouble and work for no reason, they can easily lose money just with bitcoin volatility.
That's because they are not BTC enthusiasts,if they are they will be more than willing to accept BTC and even encourage people to pay with BTC

And what do they win by accepting bitcoins? Imagine a restaurant that accepts bitcoin, one day they earn 12 bitcoins total, bitcoin is at 600$, imagine they don't exchange them immediately and tomorrow bitcoin goes down to 590, they lose 120$ just like that for no reason, why would that benefit them?
In fact, we are can't encourage the local business for accepting bitcoin and bitcoin is so far from an enough currency for getting a real implementation caused by their own disadvantages like what are you saying and the another factor like the confirmation is always needed by the merchant or seller for preventing about the doubled spend.
Why not local business accept bitcoins.. like brazil that has 150 stores locally that accept bitcoins?
And i think in the future we will see that bitcoin will be use locally in the future the same as brazil.. this is just my speculation and i think it will happen the same as brazil..

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September 25, 2016, 06:04:00 AM
 #412

Bitcoin is already have a lot of quality, but one thing which we need it and that is publicity of bitcoin, we should have introduce the bitcoin in high level, than definitely it work and it encourage local business to accept the bitcoins, you know in local level bitcoin work more but it is not doing because lack of information about bitcoin, it is time taking a work but it will be work.

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Astargath
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September 25, 2016, 10:17:59 AM
 #413

And anyhow most business today are run by people who know nothing about bitcoin and although we try to make it look easy, it's not, you have to understand a little bit about bitcoins and how they work before you can even start thinking to implement them into your business, why would anyone take all that time just for that? Everyone has normal money so there is really no need to accept bitcoins, I'm not saying that accepting bitcoins would automatically make it worse for them or anything but you definitely have to know what you are doing in order to actually profit from it
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September 25, 2016, 03:17:13 PM
 #414

I dont think it is right time for that in my country. Probably look for a better time to introduce it to the local business, when the trade is easier and safer.
the trade is easy and safe. why do you think that this is not right time? I think this is the best time to introduce bitcoin to our family. our neighbours and our city's people.. because bitcoin price is still affordable to buy and to get invested in this.
but after some more years bitcoin price may be way more high. and people can't afford to jump in bitcoin that time.

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September 25, 2016, 03:27:22 PM
Last edit: September 26, 2016, 04:18:42 PM by wxa7115
 #415

By reducing expenses for them if they start accepting BTC or giving them a bonus percent of your purchase.I think that will encourage them accept BTC

How can you reduce expenses for the merchant?  Unless you are a supplier, you can  cut your profit and give discount to them.  Or if you have lots of Bitcoin and sell this merchant discounted BTC or if they accept bitcoin, you buy them higher than the exchange.  And remember, in setting up bitcoin payment, you need extra tools for it.  You  need internet, gadgets and it needs both the buyer and seller to be able to connect to the network and complete  the transaction.  there are great ideas but the problem is the fund to support it.  Maybe we can start with bitcoin education drive.
Well,this has to be by the politicians,the governors,they have to reduce the expenses,but they have to be willing to make BTC a more popular means of payment
Politicians and bankers don’t like bitcoin and we should never expect that to change, bitcoin will need to grow by itself without the aid of those two sectors.

Maybe they don't like it for now but what if the market of bitcoin users will spread more and more? Do you think they will still hate it? And i really think they will come and join to build up some laws and business to grab those oppurtunities and benifits of this coin and maybe we can see some banks will accept if bitcoin user will be more and increasing daily so i think those two sector will get used to it if they see bitcoins great oppurtunities upon existence and they can help to market bitcoins aswell if they will join to.
Yes they will hate it and reject it, bitcoin runs contrary to the political and banking system, even if they could grab great business opportunities that will not change, because they will grow more powerful in the world of bitcoin they will get a lot weaker in their original sectors, banking and politics.
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September 25, 2016, 07:24:38 PM
 #416

I did not encourage any local business owner, as yet, but talked to some close friends who want to send money abroad, explained that using bitcoin it would be cheaper and faster than using banks or Western Union/Moneygram services and convinced some of them to send this way.

 

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September 26, 2016, 01:52:24 AM
 #417

Well its a very profitable market and there are no real fee's too so that is nice when you are accepting it if you are asking me.
Another nice fact is that it can be used everywhere and that you can make profit with just holding it as a business.

I might don't understand the content of your post but you think local businesses will care for holding bitcoins? Again, "business". Their operation is on daily basis so money here is in and out.

Also, I don't see any nice fact about "it can be used everywhere".
Too many the system in btc is can't be applied in the local business such as the confirmation, and that's will becomes a prevent things for the local business for encouraging bitcoin in this day.

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September 26, 2016, 11:48:58 AM
 #418

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse.
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September 26, 2016, 03:28:05 PM
 #419

There are lots of approach on how to encourage local businesses to accept bitcoin but the first move should be educating them.  You cannot just barge in and offer stuff and tell them use BTC or adopt BTC you will earn plenty using this.  This kind of approach open ended in a bad thing.  Simply by being consistent with educating people with bitcoin, showing possible venture they can do with bitcoin,  and telling the advantage without criticizing the current financial system.  This way we can earn the local business trust and may probably open their minds and heart to new venture with bitcoin.

To show the business owners the pros of bitcoin without polarizing the topic is a good idea, I think but business owners care the most about a single thing, profit, right now I don’t think there is enough persons using bitcoin at the moment.

Indeed the main point of running is a business is to make profit right so what better to do then to show them there's profit laying in bitcoin. There's people using it and prefering the method, also there's no transaction fees which save money for them aswell.
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September 26, 2016, 04:03:18 PM
 #420

Perhaps trying to spread more information is a good start. If you think about it there's not that much information about bitcoin without looking it up.
It should be in your face commercials so more people get to know it and get interested.
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