When will more retailers accept Bitcoin

[Ayiranorea]

For more retailers to accept bitcoin, we need more implementations about the bitcoin payment systems. The current payments are slow and subject to high fee.

Depending upon the growth in the price the fee too increases. So when retailers accept bitcoin as a payment gateway surely more than the present Circulation causing price increase can be expected. This year seems to be the best as the retailer market accepting bitcoin has grown to high extent compared to the past year.

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[andaresta]

Many will do the bitcoin dilution in the market that will happen in some time, this is when the local or foreign countries also receive bitcoin as a legitimate payment. If the reseller's legal bitcoin gets a name in the market and will be announced.

[Carlsen]

I am not so sure if the number of retailers accepting bitcoin will increase in the near future.
Right now most people are just sitting on their coins and not spending them.
Accepting bitcoins is something that causes aditional costs for a retailer.
When not enough people use that payment method to cover the costs, it makes no sense from an economical point of view.
And I can imagine that right now this might be the case.

[matchi2011]

I am not so sure if the number of retailers accepting bitcoin will increase in the near future.
Right now most people are just sitting on their coins and not spending them.
Accepting bitcoins is something that causes aditional costs for a retailer.
When not enough people use that payment method to cover the costs, it makes no sense from an economical point of view.
And I can imagine that right now this might be the case.

Oh it will increase i'm pretty sure of it. Even now a lot of businesses are alredy taking bitcoin transactions seriously and peer to peer transactions using btc are high among users as well. Bitcoin is the future so its inevitable that businesses and retailers would take advantage of bitcoin

[Vishnu.Reang]

That depends on the type of retailer. If the retailer is mostly dealing with small items with a cost of $1 or $2 per piece, then he may not be interested in accepting direct Bitcoin payments. Who is going to pay $5 in transaction fee, for a purchase of $1?

[yugyug]

as long as the value of bitcoin is unstable and volatile merchants and retailer are still on FUD mode besides transaction is still higher while the blockchain processing is still slow once they fix the blockchain network speed and reduce the transaction fee and price stabilizes then many retailers will accept bitcoin.

[Reid]

It will be a hard talk with the retailers.
They will have to consider that bitcoin have a price that is too unstable. It may cost their business to go down or maybe up but that is a risk.
In business, they would always want to minimize that risk so that it can stay for a long time and bitcoin doesnt fit to that yet.

[RodeoX]

It will be a hard talk with the retailers.
They will have to consider that bitcoin have a price that is too unstable. It may cost their business to go down or maybe up but that is a risk.
In business, they would always want to minimize that risk so that it can stay for a long time and bitcoin doesnt fit to that yet.

Those are legitimate concerns for a business, but not applicable if you know how. Businesses use a payment processor to handle electronic transactions like credit cards. If they want to avoid price volatility and handling bitcoin then they can simply use a bitcoin processor like coinbase or bitpay.  I have helped businesses set up a processor and it is very easy. Once they are set up they can take bitcoin but not touch  it. The customer pays with BTC then the processor sends a deposit in dollars to their bank account. It could not be easier and is cheaper and faster for the business than a credit card. There is no logical reason to not take bitcoin. It costs nothing to try and can earn you more when a customer pays with it.

Of course no retailer will do this unless you ask demand it. That is the most important part.

[Babylon]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

I think this would happen if a lot of retailers are aware of the benefits of having bitcoin. But, it's hard to blame them for not accepting bitcoin, it's hard to do because bitcoin price is so volatile, so if they accept bitcoin as payment for their business they would suffer great loss if bitcoin gets dumped really hard.

[channingwilmer]

we need to increase the number of bitcoin users if we want more retailers to accept bitcoin. Bitcoin is known as the first cryptocurrency and it is very popular but, people only know it as a coin and most of them do not want touse bitcoin in the real world. I believe that when the number of bitcoin reaches 20% of the world population, retailers will accept bitcoin

[bitbunnny]

Bitcoin as a payment method still represents significant risk for retailers because of volatility, legal regulation or lack of it, transactions speed and fees and all other issues connected with cryptocurrencies. At the moment Bitcoin is mostly accepted by online merchants but with time this will change too.

[Pacanier]

As we saw with Japan, the country legalising Bitcoin has a booming effect on whether stores are accepting Bitcoin or not. Next time such a thing will happen, number of stores will grow drastically, and price too !

[Monnt]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

I think retailers will accept bitcoin as soon as the consumers will push through their demands that retailers must operate bitcoin as a term of payment. In this situation, establishments will be surely forced to generate the usage of bitcoin because its their consumers needs and wants also to get along with the innovation of currency that is widely spread and used through out the whole wide world.

Indeed, the usage of Bitcoins for common purposes totally depends on the customers' love and passion for using Bitcoins as a mode of payments.

Only the Bitcoin holder can build up a pressure on the retailers for accepting Bitcoins as payments. Besides I believe that if the retailer that educated about the advantages of using Bitcoins, they will surely show interest in accepting Bitcoin as payment.

[Charot12345]

I think they will accept bitcoin if they become familiar about it. If they know its advantages that it will help them so much. And also many retailers will accept bitcoin as main term of payment if it become legal worldwide and because of the continuous spreading popularity of bitcoin it is not impossible that all people and establishments accept bitcoin to blend with the changes.

[Zuilhsa]

I appreciate the government of japan on thier decision to remain a tax free economy.
Hopefully, not only japan but all major stores and commercial organisations globally will start accepting bitcoin soon

yes  hotels, airlines and department stores in Japan are accepting bitcoin as a payment method. few merchants in other countries also now started to accept bitcoin. if this continues more countries adopt bitcoin as a good payment method.

[JofryTheKing]

I think that if sellers start accepting payment through bitcoin, then prices may rise because of high fees. In some cases it will be convenient to pay in the store bitcoins, but not all will want to buy the product more expensive, for example, 2-3 times.

[Capradina]

Many will do the bitcoin dilution in the market that will happen in some time, this is when the local or foreign countries also receive bitcoin as a legitimate payment. If the reseller's legal bitcoin gets a name in the market and will be announced.

One of the causes of the bitcoin's getting accepted in a country is a lot of people use it and when the time the Government began discussing such a thing, it's certainly bitcoin will be recognized by a country and finally a lot of local store using bitcoin became one of the place of payment. But it is a role we all need in order to get recognition in our country, because it will all go well when many people use it
 

[RodeoX]

Maybe instead of asking each other every day we should start demanding to pay with bitcoin? I took this on last night and guess what? My haircut lady will do my next cut for bitcoin! Sometimes all you have to do is ask. When I did she told me I was the third person to do so.

[pitiflin]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

Well now that Japan has taken a step forward, maybe other countries  will or maybe not.  Because people think that if they use bitcoin they might end up in jail because  bitcoin is "only used for illegal purposes and not for good things ". And they will think that they are also getting scammed because of bitcoin 's price being this high.

[Polar91]

"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

Retailers are the strategic individuals working into a certain establishments considering its consumers demands to come up with a plan or strategy to attract more consumers like doing an entrepreneurship. I think that matter of when does retailers will accept bitcoin is if the consumers have already used their demands on bitcoin usage. Consumer's demands will surely force and push the retailers to offer and operate bitcoin as a term of payment.