When will more retailers accept Bitcoin

[Nevis]

There will be the right time when more merchants will totally accepts and adopt bitcoins but still we need to wait for it since adoption rate just now is increasing and im sure it will affect worldwide market so we can expect

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[Amph]

i think every shop that is big enough to make an impact on adoption by accepting bitcoin is waiting for regulation in their own country

regulation can happen already now even before the issue of the block limit is still being fixed, as we see with japan

still the only real merchants that i'm waiting is amazon, if amazon accept bitcoin, basically every country will be able to use it for shopping online

[Absentis]

I think that this time is very soon, as we can already see many large retailers implementing the use of Bitcoin as a transaction method for their company. As we know, Amazon and Microsoft both offer this transactions method and is widely used. We should be able to see more and more companies accept Bitcoin as many of them will soon realise that bitcoin's value will increase drastically in the next few years, ergo making it worthwhile to invest in such said systems and hold onto Bitcoin in the long run.

This statement is also greatly dependant on the current laws that surround Bitcoin in the particular country the business is situated in.

We can see the actual situation when it will be adopted on those particular businesses online. That would be profitable enough to become more stable rather than traditional retailers that used regular currency compared from btc.  

[puckmany]

There will be the right time when more merchants will totally accepts and adopt bitcoins but still we need to wait for it since adoption rate just now is increasing and im sure it will affect worldwide market so we can expect

Not only need waiting accept from people and government on the world's, Bitcoin need prove it is really best cryptocurrency! Are you can see issue about Bitcoin when using in some market in India? Some user can double spend for scam and need 3 hours or more time for waiting confirm transaction with high fees! With this reason I think use Bitcoin to our life very difficult in present

[Xester]

It would be hard for my country for bitcoin to be accepted in almost all establishments here since my country is not as rich as Japan.  Tax is needed for the growth of the country and if bitcoin will not be taxed then our country will not permit bitcoin to be legalized or used here.  Or if ever retailers will accept bitcoin as a mode of payment here, then maybe they will have a tax for the services.  Then items paid with bitcoin will be a little higher compared to items paid with cash.

[Bunsomjelican]

Because of what Japan did about this matter, it will surely that bitcoin going increase massively as the bitcoin community expect it to be happen in a long run or int the near future. Though still majority of the country worldwide are aware into bitcoin and few country are open unto bitcoin at the present time now.

[stompix]

Hey Tom!

Here's a big merchant making it happen.


"OVERSTOCK EXEC: 'It's crazy that so many retailers don't accept bitcoin'"

article published July 14, 2017
http://www.businessinsider.com/bitcoin-price-up-overstock-ceo-says-firms-should-accept-it-2017-7

"The cost of accepting bitcoin is very low," Johnson said. "It's actually cheaper for us to complete a bitcoin transaction than it is to complete a credit card."

From the overstock site:

Well duh. Plus it's irreversible. Why would you not accept bitcoin? Even if you exchange it right away to fiat it's only costing you a total of half of a percent or so. That's dirt cheap for accepting money!!

You would not accept it because of this:

Overstock Reports Over $100k in Crypto Losses for Q1 2015
http://www.coindesk.com/overstock-reports-over-100k-in-bitcoin-losses-for-q1-2015/

Here a are couple of main reasons retailers do not take Bitcoins.

1- They are still difficult to deal with. You have to figure out how to accept them, where to store them and where and how to turn them back into fiat currency.
Retailers do not want to sit down and study this all and figure it out they just want systems that will take a payment. 6-seconds done..

2- Much of the gateway technology is new. New technology means bugs, problems, lag time, learning time, failed experiments, bankrupt companies, etc. Retailers just want proven stuff to plug in and go.

3- Bitcoin is unstable. It can lose 10% in one day. Retailers have tight margins 10% can make or break the profit in a sale for many.

The big reason WHY ? Why would a retailer go tru the extra trouble .. ? You have a few devoted Bitcoin fans and you have some of the IT crowd exploring it but as far as mainstream it needs to be easy and worthwhile.

People do not go out of their way just to make life hard for no reason. Especially when it comes to $$$. In the world of retail the payment is the final end of the line. It needs to be as easy and flawless as possible.

Bitcion need better apps, less fees and become more stable to start with.

1) Non of the retailers listed above are taking bitcoins.
In the main article you should read the line about partnering with coincheck.com.
You pay with bitcoins but they are immediately exchanged in fiat.
It poses no risk to the store.

2. The technology is already 3-4 years old when it comes to payments , no problems there.

3. See point 1.

[bitcoinisbest]

It would be hard for my country for bitcoin to be accepted in almost all establishments here since my country is not as rich as Japan.  Tax is needed for the growth of the country and if bitcoin will not be taxed then our country will not permit bitcoin to be legalized or used here.  Or if ever retailers will accept bitcoin as a mode of payment here, then maybe they will have a tax for the services.  Then items paid with bitcoin will be a little higher compared to items paid with cash.

Which country do you belong to and has your country have legalized the bitcoin or not yet? Our country is also planning to bring it under purview and tax the bitcoin so that revenue can be generated by the government and it can be under govt control as well.

[v0rtecxz]

I think at this time only a few countries are willing to adopt bitcoin as a means of payment, and not many from other countries to accept it, japan there are countries that have adopted bitcoin because the popularity of bitcoin there is very high many people there who already know bitcoin, and bitcoin have been made The payment tool either online or offline, but in some bitcoin countries have not been widely used as in japan, the problem of legality of bitcoin may be its inhibition because bitcoin is not as popular as in japan, I also hope bitcoin can be used in my country like what Japan apply

[RodeoX]

I think it will take a long process there's a lot of consideration they will need before accepting bitcoin as a payment. For example

1. They need to wait for the payment to confirm before the transaction we all know that it will take a long time before the low fee transaction to be confirmed.

2. We all know that the bitcoins price drops and pumps so will the price of the retailers i think it would be hard for them to adjust.

I think they will provide a wallet or they will use same wallet so that they will exclude the transaction fee in every transaction.

I don't see these as problems.

1. You DO NOT need to wait for confirmation if you use a payment processor (most do), or if the sale is not large. Credit card companies do this now for small purchases. They know that is not cost effective to do a fake transaction for $10 bucks.

2. Most retailers who take it never touch bitcoin. You pay with BTC but the payment processor deposits dollars in their bank account each day. Of course if they do keep their coins then they would be likely to make additional profits over time. Although with risk.

[webcrypt]

Here a are couple of main reasons retailers do not take Bitcoins.

1- They are still difficult to deal with. You have to figure out how to accept them, where to store them and where and how to turn them back into fiat currency.
Retailers do not want to sit down and study this all and figure it out they just want systems that will take a payment. 6-seconds done..

2- Much of the gateway technology is new. New technology means bugs, problems, lag time, learning time, failed experiments, bankrupt companies, etc. Retailers just want proven stuff to plug in and go.

3- Bitcoin is unstable. It can lose 10% in one day. Retailers have tight margins 10% can make or break the profit in a sale for many.

The big reason WHY ? Why would a retailer go tru the extra trouble .. ? You have a few devoted Bitcoin fans and you have some of the IT crowd exploring it but as far as mainstream it needs to be easy and worthwhile.

People do not go out of their way just to make life hard for no reason. Especially when it comes to $$$. In the world of retail the payment is the final end of the line. It needs to be as easy and flawless as possible.

Bitcion need better apps, less fees and become more stable to start with.

1) Non of the retailers listed above are taking bitcoins.
In the main article you should read the line about partnering with coincheck.com.
You pay with bitcoins but they are immediately exchanged in fiat.
It poses no risk to the store.

2. The technology is already 3-4 years old when it comes to payments , no problems there.

3. See point 1.

The main article I got a 404.

1) I will personally try coincheck.com I am always trying to find reliable payment processors. This is the model that is needed seemless bitcoin integration.
It is hard to say until you start to try them and see how reliable they are and what the TOS is. Many newer payment processors are super buggy and will lose you a lot of sales/money. Many established one like paypal have horrible TOS and will freeze your bank acct at the drop of a hat.

Payment processors can be a massive headache it is good to have at least 3-4 at your checkout. One that takes Bitcoin even better.

2) The technology is a couple of years old but it takes a very dedicated and well funded company to keep it going, patched, secure and keep the bugs at bay. Many times payment processors seem great until you start using them and they start failing you. Think about how many times you go to order stuff online and your order doesn't go tru- it is many times the fault of the payment software.

[Qunenin]

There will be the right time when more merchants will totally accepts and adopt bitcoins but still we need to wait for it since adoption rate just now is increasing and im sure it will affect worldwide market so we can expect

It's already covered by about 60% of the retailers in this area I'm not sure how many more you want? If it's not covered by a retailer that I can be covered by a gift card or another form of payment that can be transferred from or to bitcoin using quickly so I'm not really sure what it is you're looking for.

[fullypak]

It would be hard for my country for bitcoin to be accepted in almost all establishments here since my country is not as rich as Japan.  Tax is needed for the growth of the country and if bitcoin will not be taxed then our country will not permit bitcoin to be legalized or used here.  Or if ever retailers will accept bitcoin as a mode of payment here, then maybe they will have a tax for the services.  Then items paid with bitcoin will be a little higher compared to items paid with cash.

Which country do you belong to and has your country have legalized the bitcoin or not yet? Our country is also planning to bring it under purview and tax the bitcoin so that revenue can be generated by the government and it can be under govt control as well.

According to me except Gulf states all countries governament needed a tax to improve their country. Gulf states are running under Prince, so they don't need people money to develop their country. Here they can adopt Bitcoin because it will not effect on government. Where the govt is running based on people tax, there is it tough to become legal. 

[Cranidos]

Well I think more publicity is needed in order to make more merchants to accept Bitcoin as their mode of payment. This is needed since only few (compared to the total population on Earth) know what Bitcoin is. How can these merchant accept Bitcoin as payment when they do not know it in the first place, right? As Bitcoin gain publicity, it will grow stronger and will gain more popularity. This way, merchants will definitely accept Bitcoin.

[TravelMug]

Well I think more publicity is needed in order to make more merchants to accept Bitcoin as their mode of payment. This is needed since only few (compared to the total population on Earth) know what Bitcoin is. How can these merchant accept Bitcoin as payment when they do not know it in the first place, right? As Bitcoin gain publicity, it will grow stronger and will gain more popularity. This way, merchants will definitely accept Bitcoin.

We also need to factor in the price instability of bitcoin. I think this is the deciding factor for online merchants not to accept bitcoin as mode of payment. Because they think that the price fluctuations will really impact their profits in a negative way. Its good if the price of bitcoin has risen, but if fall down then they will lose the profits. But if the merchants thinks otherwise, then I wouldn't be surprise at all.

[aardvark15]

"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.

It's going to take time for Bitcoin to go mainstream. At some point, customers will demand that retailers accept Bitcoin as payment like credit cards or debit cards. That's what it will take for these retailers to make this change. They won't accept Bitcoins until there is demand from customers that will influence their sales and profits.

We're seeing some minor business and online merchants accept Bitcoins and people are starting to buy Bitcoins for investments or gambling. But there aren't enough people using Bitcoins as a payment method yet to make it worth it to mainstream retailers for them to make this change.

[Monnt]

I think at this time only a few countries are willing to adopt bitcoin as a means of payment, and not many from other countries to accept it, japan there are countries that have adopted bitcoin because the popularity of bitcoin there is very high many people there who already know bitcoin, and bitcoin have been made The payment tool either online or offline, but in some bitcoin countries have not been widely used as in japan, the problem of legality of bitcoin may be its inhibition because bitcoin is not as popular as in japan, I also hope bitcoin can be used in my country like what Japan apply

Nicely explained! Mate. That’s exactly what most of the retailers do. They do accept payment in bitcoins but immediately get them converted into dollar. I will suggest them to keep their bitcoins until and unless they reach some huge value.
Retailers can do good business with bitcoins. The payment process with bitcoins is not that tough. The countries who are the kings of technology know all this and have made bitcoins legal. 

[kdrama]

well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.

[Harlot]

I think at this time only a few countries are willing to adopt bitcoin as a means of payment, and not many from other countries to accept it, japan there are countries that have adopted bitcoin because the popularity of bitcoin there is very high many people there who already know bitcoin, and bitcoin have been made The payment tool either online or offline, but in some bitcoin countries have not been widely used as in japan, the problem of legality of bitcoin may be its inhibition because bitcoin is not as popular as in japan, I also hope bitcoin can be used in my country like what Japan apply

Nicely explained! Mate. That’s exactly what most of the retailers do. They do accept payment in bitcoins but immediately get them converted into dollar. I will suggest them to keep their bitcoins until and unless they reach some huge value.
Retailers can do good business with bitcoins. The payment process with bitcoins is not that tough. The countries who are the kings of technology know all this and have made bitcoins legal. 

Well the way I see it the case of Japan and Korea from what I read is that they are both counted as a "credit card country" meaning Credit Card transactions is equal or even more then Fiat Currency in their country, you don't even have to convert your money into a local currency in order for you to spend in that country. This are tourist destinations in which both countries are willing to adapt in terms of payment systems and maybe that is why they will accept Bitcoin as a mode of payment as well.

[Kotone]

well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.

Even bitcoin will not become 5000$ they will still accept it nowadays technology chance that fast with our new developer or those inventors. There are some retailers now that accept bitcoins even the car store which is luxury they now accepting bitcoin as a payment method see the difference between the year 2014 and now maybe it will took 5 years before bitcoin will accept into regular stores.