Senor.Bla (OP)
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August 13, 2016, 08:24:53 PM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
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HaXX0R1337
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August 13, 2016, 08:27:07 PM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
I think it is hard to convince local store, because to do it, he needs a lot of customers that are using bitcoins. In most countries, bitcoin isn't that popular. So it is just simply not worth it for them.
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franky1
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August 13, 2016, 08:34:00 PM |
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from real life experience. its actually quite easy to get retailers onboard. you just have to know who your talking to and what your trying to say to them. after all the very next day/week the retailer has fiat, so to them its no difference than accepting visa, mastercard, cheques or paypal.
but as for employers, due to taxes and accounting, trying to get a fiat business to hand its own staff bitcoin is a bigger headache and not worth changing their payment, tax and accounting routines just for one employee
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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bitsoldiers
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August 13, 2016, 10:30:43 PM |
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though it not easy for both options...but I think if bitcoin is able to circulate or widely recognize as whole source of payment...I think only then it will be easy....
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bitbunnny
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August 13, 2016, 10:38:37 PM |
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Neither is easy. Both employers and stores find it risky and not sure what their benefits would be. But if I have to choose I think that it would be much more easier toq convince the stores to accept Bitcoin as a one of payment options. They are more flexible then employers.
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franky1
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August 13, 2016, 11:00:25 PM |
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the best success for local stores is easy set up a prepaid bar tab. EG hand the business upfront enough fiat to cover them for a couple weeks(think bar tab) and tell them if ask to pay by bitcoin, just check the app (your website) to inform the customer how much bitcoin the total is. display the QR code (your bitcoin address) and when it says payment received let the customer leave with the 'cash' receipt, and take the fiat funds out of the "bar tab". and you just refill the bar tab if it gets low. no risk to the retailer as they already have the cash later on they can set up professional services(bitpay/coinbase) and/or go solo after your introductory period.
no risk to retailer, no weird accounting process needed. not even needing to change anything on the cashier register, the cashier just rings it up as a cash transaction because the cash is already in the retailers safe.
but as i said trying to get an employer to mess around with business accounts, obtaining bitcoin and dealing with taxes.. well thats alot of work
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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JeffBrad12
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August 14, 2016, 06:07:13 AM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
I already trying to do that, like tell the employer to consider for accepting bitcoin in their store. but he said if in our environment is not enough users of bitcoin and why he must accept bitcoin? and he rejected it.
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Darwin02
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August 14, 2016, 06:31:10 AM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
It's hard for me to choose 1, but I think need to be convince first the local store , if they already convince about bitcoin adoption and use it as a payment, accepting employee to pay via bitcoin will follow if they know that there are more use bitcoin in there country of course they want it to accept.
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SuperShill
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August 14, 2016, 07:04:34 AM |
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convincing someone to pay in BTC takes less risk for the individual needing to be convinced than convincing someone to accept it in stead of money
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Indrawan77
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August 14, 2016, 07:12:59 AM |
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Both of them is difficult to convince, local store difficulty are: they need to convert their goods price from fiat into bitcoin and they need to change it everyday because the bitcoin price is changing everyday, and the other obstacle is the transaction speed confirmation We always do financial management when we have source of income in this case is salary, we cant do financial management if the money we received each month is different
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danishcookie
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August 14, 2016, 07:20:50 AM |
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In some bitcoin companies/start-ups, there are paying btc as salary, so it is done already, but only a few. For most company Pay in BTC, it is difficult now.
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Senor.Bla (OP)
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August 14, 2016, 07:25:35 AM |
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the best success for local stores is easy set up a prepaid bar tab. EG hand the business upfront enough fiat to cover them for a couple weeks(think bar tab) and tell them if ask to pay by bitcoin, just check the app (your website) to inform the customer how much bitcoin the total is. display the QR code (your bitcoin address) and when it says payment received let the customer leave with the 'cash' receipt, and take the fiat funds out of the "bar tab". and you just refill the bar tab if it gets low. no risk to the retailer as they already have the cash later on they can set up professional services(bitpay/coinbase) and/or go solo after your introductory period.
no risk to retailer, no weird accounting process needed. not even needing to change anything on the cashier register, the cashier just rings it up as a cash transaction because the cash is already in the retailers safe.
but as i said trying to get an employer to mess around with business accounts, obtaining bitcoin and dealing with taxes.. well thats alot of work
to be honest i do not like this bar tab idea much. here is why. you play the man in the middle. you are handling other peoples money. this means you run a business and need to pay taxes, most likely some kind of licence and also receipts. then there is also the risk, that the owner will just keep your money, because what do you want to do about it. i do not see an incentive to go solo. the owner could just stop using bitcoin if you stop the risk free middleman service. if you want people using bitcoin, then let them use it, do not do it for them.
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Jeremycoin
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August 14, 2016, 07:54:21 AM |
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I never tried it, but I believe Local Store is more likely to do that. Because it's a very important for an employer to accept Bitcoin, because if they accept Bitcoin then they also have to pay their employees with Bitcoin while not all employees willing to accept Bitcoin as their salaries. Well, I know that the store seller's profit is also important. But if a Store Seller accepts Bitcoin it doesn't mean that they can't accept other payment method, right? They can still accept fiat as the payment for their store. But if you mean that the employer
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faucet used to be profitable
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iv4n
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August 14, 2016, 08:05:54 AM |
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Both are difficult in this moment. Giving salaries and receiving money for goods you sell are regulated with laws. Its not something that employers or store owners can just decide to do in real life, and in every country. Maybe there is ways to manipulate with this laws, and maybe even to find some hole in the law, but that again depends from governments and state laws. Its not going to be easy for many countries, there is free states, and places where people can be free to do many things, but also there is other side. I don't think this will be possible in every country.
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Herbert2020
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August 14, 2016, 08:16:20 AM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
i think both of these are having their own difficulties associated with them. you employer may not want to even touch bitcoin because of taxes and being afraid of other things, and mostly because they are used to this system and never want to change. as for the stores, they will resist accepting bitcoin as long as there is not enough users wanting them to do it, nobody wants to go through the problems of adding a new payment system and learning about it just to see nobody using it!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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davis196
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August 14, 2016, 08:19:04 AM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
Interesting question.Both employers and local store merchants will accept bitcoin only if the bitcoin price becomes more stable.What if you get paid a salary in btc and the next day bitcoin price does 25-30% down?And what if you were a merchant and your revenues are in btc and the price does down?
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BTCdoaA
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August 14, 2016, 08:20:40 AM |
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at the time being many local store accept bitcoin specially in first world countries ,for big companies and employer they will accept to pay salary in bitcoin when we see full official government adaptation
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X-ray
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August 14, 2016, 08:57:27 AM |
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both aren't easy but the local store will be lesser hard,they'll catching wider area of payment option to increase their selling especially if they also opening a store in internet,the fluctuation is not going to be a problem because there's exist service like bitpay which will exchange the paid bitcoin to fiat directly at the same time
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Senor.Bla (OP)
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August 14, 2016, 09:10:17 AM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
Interesting question.Both employers and local store merchants will accept bitcoin only if the bitcoin price becomes more stable.What if you get paid a salary in btc and the next day bitcoin price does 25-30% down?And what if you were a merchant and your revenues are in btc and the price does down? after a drop the price usually goes up again quickly and most of us expect a long term raise anyway. also there are some peaks where the price goes up a lot. over the course of one month or better a year this will even out i would suggest.
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Sponsoredby15
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August 14, 2016, 09:41:21 AM |
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Is it easier to convince an Employer to pay you in Bitcoin or is it easier to convince your local Store (where you buy your Food) to accept Bitcoin? Did you already tried to do that? And if so how did you do it and with what results?
I think it is more easier to convice your boss to pay you in bitcoin , if he uses bitcoin to but if not he will be not able to pay you he pay you with digital currency which is using to pay some employes. And for local store some stores now are accepting bitcoin as a payment where they gonna do is to scan your bitcoin wallet and send your payments.
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