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Author Topic: The Best Way To Encourage Offline Store To Accept BTC  (Read 2632 times)
BitcSeo (OP)
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July 26, 2016, 12:24:14 PM
 #1

This can be challeging but, i have tried the strategy below:

walk into any offline store i.e (restaurant) and ask one of the staff that you will like to speak with the  the management of the restaurant.

Most people will direct you straight to the management, other's might want to know the reason behind such request.

just be prepare for follow-up response;

If, you are given the opportunity, open your presentation in this manner;

I'm interested in promoting your services/product's on bitcoin related forum!
Do you know you'll be losing 35%-45% of your customer's (tourist) who  uses bitcoins?

At this point be prepared to tell them more about bitcoin.

Close your presentation, try to be brief as possible.

Remember to make reference to bitcointalk forum, because it offer's more information  (foundation) with comprehensive lesson about bitcoin & the use of bitcoin.

Creation & distribution of short flyer's with same message will work fine for those who dislike meeting one-one with the management of offline stores.


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Bitcseo

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pedrog
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July 26, 2016, 12:45:49 PM
 #2

And then clients need to wait 6 hours for transaction to confirm because network can't handle all transactions.

Bitcoin is not to be used in that way.

Xester
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July 26, 2016, 12:50:47 PM
 #3

This can be challeging but, i have tried the strategy below:

walk into any offline store i.e (restaurant) and ask one of the staff that you will like to speak with the  the management of the restaurant.

Most people will direct you straight to the management, other's might want to know the reason behind such request.

just be prepare for follow-up response;

If, you are given the opportunity, open your presentation in this manner;

I'm interested in promoting your services/product's on bitcoin related forum!
Do you know you'll be losing 35%-45% of your customer's (tourist) who  uses bitcoins?

At this point be prepared to tell them more about bitcoin.

Close your presentation, try to be brief as possible.

Remember to make reference to bitcointalk forum, because it offer's more information  (foundation) with comprehensive lesson about bitcoin & the use of bitcoin.

Creation & distribution of short flyer's with same message will work fine for those who dislike meeting one-one with the management of offline stores.


Thanks
Bitcseo

The best way is to introduce bitcoin to them. Teach them what is bitcoin and how is transactions are done. Teach them how the price inflates and deflates. Teach them how it can help their business.
Encouragement is useless if the store owner is not well versed with bitcoin, its operations, nature and transactions. It could only work if they know and understand what it is all about.
SAMKUSH
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July 26, 2016, 01:01:51 PM
 #4

This would be very hard as I think only a small proportion of their customers are likely to use Bitcoin let alone know what it is. Maybe in the future this might be more likely but I don't think it's worth them accepting bitcoins just yet
Xenophoto
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July 26, 2016, 01:18:59 PM
 #5

How about no? If the manager or everybody that works on the store doesn't know anything about bitcoin, then that would be a lot of work to someone who would be assigned to make their store accept bitcoins. You can do stuffs like persuading/manipulating/convincing the manager to accept bitcoin but it's actually bugging me off because there's a lot of work that should be done before the whole thing could be implemented on their store.

Bitcoin isn't like a product that you could introduce to someone and if they liked it, you would just give it to them or sell it to them and then they can use it right after. You have to understand the whole bitcoin thing before you could actually use it on your store as a mode of payment.

mk3000
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July 26, 2016, 01:24:25 PM
 #6

Once bitcoin transactions become instant, this will be a possibility. but having to wait anywhere from 15 mins to 4 hours for confirmations makes it impossible.
They could use bitcoin for online services, like reservations or something like that though. or maybe some sort of "pre paid" meal where you pay online before actually ordering at the restaurant?

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Yutikas_11920
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July 26, 2016, 01:27:30 PM
 #7

This can be challeging but, i have tried the strategy below:

walk into any offline store i.e (restaurant) and ask one of the staff that you will like to speak with the  the management of the restaurant.

Most people will direct you straight to the management, other's might want to know the reason behind such request.

just be prepare for follow-up response;

If, you are given the opportunity, open your presentation in this manner;

I'm interested in promoting your services/product's on bitcoin related forum!
Do you know you'll be losing 35%-45% of your customer's (tourist) who  uses bitcoins?

At this point be prepared to tell them more about bitcoin.

Close your presentation, try to be brief as possible.

Remember to make reference to bitcointalk forum, because it offer's more information  (foundation) with comprehensive lesson about bitcoin & the use of bitcoin.

Creation & distribution of short flyer's with same message will work fine for those who dislike meeting one-one with the management of offline stores.


Thanks
Bitcseo


You are truly amazing and quite intelligent. Maybe this way is one of the things that can make all the people who use the bitcoin's getting excited and all those who have not known a bitcoin will use it. But I see this is not enough, because fruition if this works then it will only help users bitcoin and only a small percentage will increase user bitcoin. However this is not a problem because this can be very helpful for us
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July 26, 2016, 02:46:07 PM
 #8

i have done this a few times and had various success and failures.
here is some advice.

1. ensure you are living in an area where there are many bitcoiners
2. ensure the retailer you pick is sells a product/service/food/beverage, that bitcoiners would use regularly
3. its normally best if your introducing it. that at first you become the retailers exchanger by setting up a prepaid bartab. enough to cover a few weeks of transactions, and handing the retailer more fiat as the total gets to the limit each week/fortnight

i mention this because if the retailer only gets one customer a month. its not worth the hassle for the retailer, even if you were to explain bitpay/coinbase as oppose to direct prepaid bartab method.

the best success is using a bar/restaurant where you and a group would have regular bitcoin meetups at.(emphasis: actual real bitcoin customers regularly) where in the beginning it is more of a gimmick to train staff to ask for 0.XX BTC (i say gimmick because they know they already have $£ in the bartab).. but thats just a zero loss confidence giver to the retailer to atleast try it and learn it at first.

but as soon as they know how to show a QR code and mention how much BTC the beer/meal will be, you can do things more official like getting them to set up their own bitpay/coinbase account at 0% fee(for small local retailers doing under 30 tx a month.) as oppose to visa/mastercard which is upto 2.5%

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July 26, 2016, 02:57:21 PM
 #9

And then clients need to wait 6 hours for transaction to confirm because network can't handle all transactions.

Bitcoin is not to be used in that way.

lol that's just bummer. offline store would still prefer fiat.
they will sure accept you as a marketing partner maybe take advantage of it but they may not accept btc in the end. if a customer come and wants to pay btc, they'd just say, they accept btc later.









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July 26, 2016, 03:03:05 PM
 #10

And then clients need to wait 6 hours for transaction to confirm because network can't handle all transactions.

Bitcoin is not to be used in that way.

lol that's just bummer. offline store would still prefer fiat.
they will sure accept you as a marketing partner maybe take advantage of it but they may not accept btc in the end. if a customer come and wants to pay btc, they'd just say, they accept btc later.


Yeah, now it's 99.99% offline store anywhere to prefer and use fiat as a means of payment, since they may be bound by the regulations of each country or maybe they want to get profit in sight. for now to only a small fraction of offline stores accept the BTC, but I believe that in the future all offline store or company will use the bitcoin in any transaction conducted
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July 26, 2016, 04:49:40 PM
 #11

The only way for you to convince these people, is for you to show them that there are a new untapped source of income for them. I did this with a pub and I generated repeat business by hosting some

Bitcoin meetups at this pub. We gather there every second week and we only pay with Bitcoin. The worst thing that will happen, is if you convinced him/her that Bitcoin is this wonderful new currency,

and after 1 or 2 months he only received like 10 to 100 transactions. So once the door is open, you have to make sure people know about it, and they use that service or merchant regularly.  Wink

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MaritiJames3
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July 26, 2016, 06:12:31 PM
 #12

And then clients need to wait 6 hours for transaction to confirm because network can't handle all transactions.

Bitcoin is not to be used in that way.

lol that's just bummer. offline store would still prefer fiat.
they will sure accept you as a marketing partner maybe take advantage of it but they may not accept btc in the end. if a customer come and wants to pay btc, they'd just say, they accept btc later.


Yeah, now it's 99.99% offline store anywhere to prefer and use fiat as a means of payment, since they may be bound by the regulations of each country or maybe they want to get profit in sight. for now to only a small fraction of offline stores accept the BTC, but I believe that in the future all offline store or company will use the bitcoin in any transaction conducted

Time is a good reason to choose for bitcoin, but if you look f.e. towards online vs offline you see many stores are working on a online presence.
With bitcoin they will be able to offer their products to millons of extra people.
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July 26, 2016, 07:54:26 PM
 #13

It doesn't work as I've tried to explain bitcoins to my friend and the major drawback is the price fluctuations. We kept discussing about what should be a rate that would be preferable and profitable for his business and we couldn't achieve that stable rate. This is the major reasons that many stores don't accept bitcoins.
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July 26, 2016, 08:02:13 PM
 #14

It's a good idea, however I don't think that such a presentation, talking to most businesses, would mean anything to them since they would likely see a very, very small amount of revenue increase that might not be worth setting up the wallet system and exchanging everything, including the additional work their employees would have to do.
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July 26, 2016, 08:15:03 PM
 #15

Once bitcoin transactions become instant, this will be a possibility. but having to wait anywhere from 15 mins to 4 hours for confirmations makes it impossible.
They could use bitcoin for online services, like reservations or something like that though. or maybe some sort of "pre paid" meal where you pay online before actually ordering at the restaurant?
Bitcoin is best suited for online transactions and I agree that confirmations would be a pain. No store would like to wait and they prefer instant payment like debit/credit card or cash payments. There are many negatives that affect its acceptance but since bitcoins are mined, I don't think it would ever be an instant method of payment.

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July 26, 2016, 08:36:41 PM
 #16

Well I think there is no best way to encourage offline store to accept BTC. I said this since the transactions now are slow and if more joins in I think the network couldn't handle it. Maybe in the future bitcoin can handle it but not now. For now just let time tell what will happen in the future and let's wait and see if someday many offline stores will accept BTC.
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July 26, 2016, 08:46:06 PM
 #17

...
Remember to make reference to bitcointalk forum, because it offer's more information  (foundation) with comprehensive lesson about bitcoin & the use of bitcoin.
....

Thanks
Bitcseo

Do "we" make a good first impression?
Is Bitcointalk forum the type of place you send people, if they are not prepared for a certain level of "uncomfortable issues", some of them potentially, seriously disturbing?
Oops... Love you guys, have a great day.  Cheesy

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July 26, 2016, 09:04:49 PM
 #18

Well I think there is no best way to encourage offline store to accept BTC. I said this since the transactions now are slow and if more joins in I think the network couldn't handle it. Maybe in the future bitcoin can handle it but not now. For now just let time tell what will happen in the future and let's wait and see if someday many offline stores will accept BTC.
I think the best idea for slow transaction of bitcoin better to release a bitcoin atm so that we can use bitcoin atm card just like a normal credit cards .
So no need to wait for confirmation and i think you can incourage them to accept it..

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July 26, 2016, 09:35:20 PM
 #19

And then clients need to wait 6 hours for transaction to confirm because network can't handle all transactions.

Bitcoin is not to be used in that way.


Then they might want to use an altcoin like ether for shorter confirmation periods.
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July 26, 2016, 09:44:05 PM
 #20

No one will want to wait 20-30 min for a confirmation. People who earn Bitcoin can always pay offline by using a debit card or an exchange.
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