When will you start accepting Bitcoin in your store and boost your sales?

[aoluain]

Now there are very good conditions to accept bitcoins as a payment on your business. There are many great payment processors. But business just don't see reasons why they need to accept bitcoins. Bitcoin community is still very very small and it's very low possibility that business customer is bitcoin user and he may want to pay with bitcoins.

But adding it as payment option will not harm them. It's not with the number of bitcoin users but it's just a simple additional payment option including the regular ones since on the other side of the note, we can speculate that 1/4 of the whole merchant's customer somehow uses bitcoin or even it's not it's fine.

A single customer that used bitcoin as payment method in that store can grab some other bitcoin users too especially if the said store is easy to access for it's co-bitcoin users. Just make sure that bitcoin payment will not be dependable on a third party services but rather own owner's system to somehow save some fees.

That sounds logical. Why wouldn't they just put a payment option for Bitcoin?

Profitable companies (large companies) take direction from consumer demands and react to real (or perceived) consumer complaints.

I haven't bought Adidas in a very long time because they use endangered kangaroo leather. Even though they agreed to stop using it I will never buy their products again. I don't trust them to do the right thing and will not spend my life supervising or researching what they are doing right now.

Companies that refuse to accept Bitcoin or stop accepting Bitcoin (like Microsoft) might see a perceived stigma to accepting it. Silk Road, pirate@40, MtGox, BFL, kidnappings, and other negatives have been hyped by the media to create a general perception of Bitcoin as "crime money".  Why (as a decent law abiding citizen) would I shop at a place that gets part of its revenue from "crime money". That's the problem with negative press, it sticks with people a long time and is really hard to wash off.

Good points for sure, negative press is picked up quicker than positive news IMO
especially in todays world where "crime" accounts for a very large portion of news stories
along with politics [mostly negative]

For governments at the moment in general they are not seeing a benefit to their
exchequers from Crypto Curencies so they are all to happy to hear the negative
press except that is Japan who recently recognised Bitcoin as legal payment
https://news.bitcoin.com/japan-bitcoin-method-payment-april-1/

Now this is a really positive news story and hopefully in the short term
will see other countries following Japan's stance!
I think if you have a business in Japan the time is right to accept BTC

[1714466770]

1714466770

[1714466770]

1714466770

[1714466770]

1714466770

[1714466770]

1714466770

[mynhpark]

Indeed, Japan will play host to the 2020 summer Olympics, the right occasion that will encourage visiting foreigners to adopt and make payments in bitcoin if the cryptocurrency continues to expand aggressively as a method of payment in the country. After gaining legal status as a payment method this month in Japan, Bitcoin could soon be accepted in over a quarter of a million storefronts and retail locations this year.

[Wandering Soul~]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

My store already accepts Bitcoin, but my sales have practically not gone up at all. Hopefully this starts to change soon.

Is it an online store or a physical store? If you own a physical you can't expect bitcoin to boost your sales cause we all know that there are a few bitcoin users if you compared it to the whole population tho Japan . An if its an online shop, regardless of boosting your sales I think the more payment methods the better so that your customers can choose the method that they're most comfortable with . Maybe the problem is in the way you promote it? I mean people needs to know that you're accepting it .

[jorneyflair]

Where did you got this 15% incrase in sales ? I am curcious.. I have see business owners started to accept Bitcoin and it doesn't represent more than 1% of theirs sales and for some 0% ! I remember a restaurant accepting bitcoin and when i wanted to pay they guy was not even to remember where he kept his adress, he said i was the first to ask paying the note with bitcoin

I wonder in what country you live in?
But I rather agree with you, bitcoin isn't so well known nowadays, it is being used by only small part of the society.
Bitcoin is something that some people heard of, but important thing is that they only know that something like "bitcoin" exist, and thats all.
They dont catch up on the technology of blockchain, and probably they dont want to.And this is totally fine, this is their choice.
I also have some friends who say that cryptocurrencies are scams and putting any moneys in it is simply a waste of your effort.

Im sure that implementing bitcoin payments as a merchant doesnt increase your sales in significant way, maybe in really developed countries, but i would say that might be 2-3% maximum.

[btcdevil]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

The first question comes when the entrepreneur or a business owner wanted to accept bitcoin as payment system then what is the position of bitcoin in that country, because in most of the country still bitcoin is not considered as legal and some country have not described bitcoin as legal or illegal. Like i am from India and their are local exchanges who are doing buying and selling in bitcoin but still it is not clear whether it is legal or illegal , so accepting business for bitcoin is not possible till it is not clear because in future if it gets illegal status then who ever is in bitcoin business will be in problem.

[aoluain]

Indeed, Japan will play host to the 2020 summer Olympics, the right occasion that will encourage visiting foreigners to adopt and make payments in bitcoin if the cryptocurrency continues to expand aggressively as a method of payment in the country. After gaining legal status as a payment method this month in Japan, Bitcoin could soon be accepted in over a quarter of a million storefronts and retail locations this year.

Very good point! there is massive potential to expose a lot of
non Japanese native people to Bitcoin.

Is there anyone actively involved in marketing Bitcoin and
to a greater extent the blockchain technology? apart from
private blogs etc.

Because marketing is the key to everything really, the general public
needs to be made aware of what is happening in the industry
and how it can affect the future of economics.

[mobnepal]

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

I don't have any online/offline store to accept bitcoin but if i will have one in future, i will choose bitpay for bitcoin payments and to accept altcoins coinpayments is good. However bitpay have lots of terms & condition despite of low fee on transactions than coinpayments.

[Windpower]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

I unfortunately do not have a shop or business. I just can't afford it and I definitely don't have the time to run something that is so complicated. However, I have told my cousins, who co-own a corner shop, to start accepting Bitcoin as the price is rising and they would be earning more money. Since then, they have only gotten a couple of customers that want to pay with Bitcoin. And their sales have definitely not increased by anything close to 15 percent. That will never happen so maybe make a more realistic prediction next time.

[DoublerHunter]

Now, I'm just planning in building a small grocery store in our place and i'm also planning for adoption of bitcoin as another type of payment method in our place because i read the news about the stores in Japan and i think it will become successful in our place also. I also considered the bitcoin users here in they are most of the my friends and our mini community here are keep growing so i think it will accept bitcoin as soon as i finished building my own business.

[radjie]

Most are already implementing things like where the sellers stores accept payments using bitcoin, but it is not widely known by the public unless he advertise their store so widely known general public, and even some that apply payments using BTC to lease the inn restaurant and other

[doomistake]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

It is a good idea but I think that you might just lose profits if you are just going to make a store which you do only accepts bitcoin, not all the people use bitcoin, that is why there might be only few people who are going to buy stuffs on your store, but if you are going to accept both fiat and bitcoin, then it might be possible to boost your sale since you are making good profit.

But it would be a good choice if you are going to do it on the future, if all the people around the world do knows bitcoin, and they are all started to use it as a currency.

[SONG GEET]

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Rather than using any of the above third party merchant gateway, i will prefer to use my own bitcoin lightweight wallet to accept bitcoin payments. Electrum wallet can be enough for anyone to start accepting bitcoin payments without paying any service fees.

[speem28]

Assuming that now I have my own business, I doubt that I'll accept bitcoin as a mode of payment in my business. Because a lot of people has still no idea about bitcoin and it is still not that known in my area. But in time that bitcoin will be known by many in my area, I will consider accepting bitcoin as a mode of payment in my business

[Blackdeath]

Now there are very good conditions to accept bitcoins as a payment on your business. There are many great payment processors. But business just don't see reasons why they need to accept bitcoins. Bitcoin community is still very very small and it's very low possibility that business customer is bitcoin user and he may want to pay with bitcoins.

As a regular citizen on a community of bitcoin I don't have the power yet to have a business inclined into bitcoin. But for me local businesses in my country should try to accept bitcoin on their transaction because bitcoin is internet base and the transaction will be powered by wed so it is going to be fast and reliable suitable for fast transacting. And the value or price of bitcoin always change and increase so more development will be made if they will going to accept bitcoin If they will hold before they convert.

[jovs]

Anytime local business can accept bitcoin on their businesses. In fact accepting bitcoin can be a good thing to them because through these their transaction can be fat and reliable. We all know that bitcoin is an internet base or manageable through the power of web, and it is very noticeable that we are living through technology where all thing is associated with the internet so many people will prefer to take their sales or to buy a particular thing to them with bitcoin. And one benefits they will have is they may have an investment where they can hold bitcoin until the price is high or increased. Through this they can earn more.

[sevendust777]

In this case accepting bitcoin in any store is a good idea also because of its fast transactions. This will leads attracts customers that accepts bitcoin. Thus, this a nice idea also having this kind of store.

[Gaaara]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

Actually it only works for a country that has currency converter like in our country, we have a online wallet that exchanges bitcoin into fiat, the problem with the country that has no currency converter thing is that they will have a big problem when they reach a high demand, of course in business high demand means high supply, so basically how can they have the fund to have that supply if it takes time to sell their bitcoins, the business will eventually falls after having a lack of supply and time utility. If a person did this they will carry some risk because as the bitcoin price falls the price of the business remains so it wil be harder for a business man or entrepenuer to obtain the same product price while bitcoin price changes all the time.

[CraigWrightBTC]

No i don't think so because on local area there are not many people who use bitcoin for payment on the stores,
 accepting bitcoin on the stores doesn't mean will makes boost sales,
depend on the area how many people who use bitcoin on their real life because there are different users bitcoin
on every place even there are area that the peoples doesn't know internet.

[pearlmen]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

The 15% will not come by magic, I guess it will come as a result of the increase in the price of bitcoin compared to when the sale took place but the problem will be what if there is a decrease in price of bitcoin? Which means I then make loss just because of that and the moment the loss is not something I can bear then I close up which is no fault of mine. The point I am making is that I will start accepting bitcoin in my store when the stability of bitcoin is certain.

[Dimelord]

When will you start accepting Bitcoin in your store?

If you are entrepreneur, a business owner or you just have an online shope, chances are you can increase your sales by 15% while increasing your security,
if you start accepting Bitcoin and other digital currencies as a form of payment. There are many ways to do this, depending on your country of residence.

You can use either BitPay, CoinPayments, Coinify or BLOCKPAY among others.

Which one do you prefer, and why?

In our India,no shops are found which accepts bitcoins.But i have an idea of opening a super market soon and i am going to offer to accept bitcoin.Im eager to hang the board Bitcoin Accepted in my shop.I dont know how much percentage sales increase i will get by this,but i think it would be my small contribution for bitcoin progress in our city.