Do you think merchants should use Bitcoin or crypto currency

[coldice]

As you have seen that more and more users from India are now getting into crypto currency and companies like zebpay and coinsecure makes it easier to buy bitcoins.
So do you think merchants like flipkart and amazon should use bitcoin as alternate payment gateway.

[btc_enigma]

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

[ChiPh]

As you have seen that more and more users from India are now getting into crypto currency and companies like zebpay and coinsecure makes it easier to buy bitcoins.
So do you think merchants like flipkart and amazon should use bitcoin as alternate payment gateway.

For country like India accepting and using in in day to day transactions bitcoin will be a big change. I think flipkart, snapdeal etc. will slowly introduce bitcoin as alternate payment method. Right now we can buy vouchers from them and they are on right track.

[learncoin]

As you have seen that more and more users from India are now getting into crypto currency and companies like zebpay and coinsecure makes it easier to buy bitcoins.
So do you think merchants like flipkart and amazon should use bitcoin as alternate payment gateway.

I guess online retailers would love to use BTC since it will cut their banking fees. Once the retailers starts using bitcoins, the awareness of cryptos will also increase throughout the country.

BUT the problem here for the retails is the uncertainty of government's position on cryptos.

[btvGainer]

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

I dont think confirmation time is any hindrance since they dont have to deliver their products instantly.Even a fastest delivery takes longer than confirmation time

[coldice]

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

I dont think confirmation time is any hindrance since they dont have to deliver their products instantly.Even a fastest delivery takes longer than confirmation time

If they think bitcoin could take long time for confirmation they could use ethereum.

[GregH37]

I think merchants should use bitcoins, as the volume Cap of bitcoins is highest and also it is know by most people.
Other Alts first needs to be converted to bitcoins, before they can be used.

[dashingriddler]

It is one of the great utilities. So yes for sure !

[Fernandez]

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

[dashingriddler]

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

That is obviously temporary. It is not the merchant who is giving you the cashback but these wallet providers themselves. Same as uber offering 7INR per km rides. It will eventually stop some day when they can no more raise money. From what I have heard, paytm has burnt 30% of their recent raise just for giving discounts and cashbacks.

Regards

[Fernandez]

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

That is obviously temporary. It is not the merchant who is giving you the cashback but these wallet providers themselves. Same as uber offering 7INR per km rides. It will eventually stop some day when they can no more raise money. From what I have heard, paytm has burnt 30% of their recent raise just for giving discounts and cashbacks.

Regards

Thank you Paytm for burning money, I have saved a lot buying expensive stuff like laptop and air conditioners

Still, in the future I am more likely to use Paytm than Bitcoin as payment method as a customer, and this come from someone who has been in Bitcoins for a few years now. Unless there is a benefit in using Bitcoins I don't see it catching on.

[dashingriddler]

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

That is obviously temporary. It is not the merchant who is giving you the cashback but these wallet providers themselves. Same as uber offering 7INR per km rides. It will eventually stop some day when they can no more raise money. From what I have heard, paytm has burnt 30% of their recent raise just for giving discounts and cashbacks.

Regards

Thank you Paytm for burning money, I have saved a lot buying expensive stuff like laptop and air conditioners

Still, in the future I am more likely to use Paytm than Bitcoin as payment method as a customer, and this come from someone who has been in Bitcoins for a few years now. Unless there is a benefit in using Bitcoins I don't see it catching on.

Then you will have to wait for some bitcoin company to start throwing in discounts and cashbacks left and right as they earnt or raised tons of money. May not happen in near future i believe.

[btcbunny]

i think using crypto currencies may not be as absurd or unimaginable as many might think.
I personally think that incorporating bitcoins as a method of payment on such e-commercial giants might increase awareness of general masses into the world of cryptocurrency and might even result in an increase in our online cryptocurrency world

[dashingriddler]

i think using crypto currencies may not be as absurd or unimaginable as many might think.
I personally think that incorporating bitcoins as a method of payment on such e-commercial giants might increase awareness of general masses into the world of cryptocurrency and might even result in an increase in our online cryptocurrency world

+1

[Benson Samuel]

Here is an article penned by Elizabeth. Quite a strong read

http://blog.coinsecure.in/post/142404073145/why-accept-payment-in-bitcoin

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

[jonatuzc]

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

I dont think confirmation time is any hindrance since they dont have to deliver their products instantly.Even a fastest delivery takes longer than confirmation time

I think both can be used.

[Wapinter]

Here is an article penned by Elizabeth. Quite a strong read

http://blog.coinsecure.in/post/142404073145/why-accept-payment-in-bitcoin

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

Nice article but
"... additionally eliminating any risk of fraud."
Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer
Also
"... Bitcoin
is a trustless system and more secure.
With credit and debit cards, one makes
a transaction and trusts that the
individual on the other end will take
out only the agreed upon value."
In offline purchase,buyer enters the amount to be paid in pos,sellers can not change it.
I however agree to below in toto
"...
Online purchase require otp sent to cardholder registered mobile number.
As Bitcoin is a global technology,
Bitcoin acceptance enables merchants
to accept payment from individuals
around the world. Paypal, debit cards
and credit cards simply do not have
the extent of a global reach that
Bitcoin has."

[GregH37]

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

I dont think confirmation time is any hindrance since they dont have to deliver their products instantly.Even a fastest delivery takes longer than confirmation time

I think both can be used.

Using both can be a good idea. You can enjoy benefits of both  Bitcoin and crypto currency

[btvGainer]

As you have seen that more and more users from India are now getting into crypto currency and companies like zebpay and coinsecure makes it easier to buy bitcoins.
So do you think merchants like flipkart and amazon should use bitcoin as alternate payment gateway.

If course they should accept bitcoin payment also but the question is why would they do this?they are the leaders in their niche and they wont see any additional advantage of using bitcoin payment gateway.Remember most of Indians prefer COD payment option anyway.Adding one more option would increase their business.Nobody is holding their purchase from these sites because they dont have option to pay with bitcoin

[bitcoinisfurture]

I would suggest yes if they can have an immediate sale option as price fluctuations will not be that big criteria if they are getting the rate on the spot which they required. For this we already have exchanges in India. Another thing will be the quick withdrawal process since they all merchants will require easy acces to thier money unless they want to invest and keep it for long in Bitcoin is different story.