When will more retailers accept Bitcoin

[CryptoGeneral]

I think Bitcoin will be accepted by more businesses when it is easier and cheaper to use than fiat. In the end every larger business needs fiat, because they cannot pay anything using Bitcoin. This does apply to taxes and the most of the bills. As soon as they are benefiting from using bitcoin rather then using fiat they will make it happen.

[shield132]

It's really hard to give a real answer becaude mostly adding bitcoin as a payment started some years ago but for example fiverr removed it. As I read also on this forum, one japanese airline is going to accept bitcoin payment.
Bitcoin with blockchain technology is getting popular everyday so there is no doubt more retailerd will accept it in near future because everything has it's user so it won't be bad for any retailer if they will have even one additional client because of bitcoin.
It's good and easy payment system so no worries, it will rise finally.

[Harlot]

It's really hard to give a real answer becaude mostly adding bitcoin as a payment started some years ago but for example fiverr removed it. As I read also on this forum, one japanese airline is going to accept bitcoin payment.
Bitcoin with blockchain technology is getting popular everyday so there is no doubt more retailerd will accept it in near future because everything has it's user so it won't be bad for any retailer if they will have even one additional client because of bitcoin.
It's good and easy payment system so no worries, it will rise finally.

Well if other businesses see the advantage and great opportunity it will give to that retailer than obviously other businesses will follow. For example if other airlines in Japan saw that airline that accept Bitcoin had tremendous success because of it than definitely they will soon accept Bitcoin. If the retailers and at the same time the consumers have the same feedback on the usage of Bitcoin than it will easily influence other businesses to soon accept it as a mode of payment in their business.

[thend1949]

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.

I do believe that more and more retailers will really accept bitcoins and as you've said bitcoin will rise higher even though price will be at low instance. Those retailer will accept because of it's potential price rising capability and of it's profitability. Hopefully in my country soon, it will also be accepted by some retailers and it will be adopted at local electronic shops and computer and gadgets shops.

[Rahar02]

"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.

Japan has leading the way with bitcoin as legal payment which many companies in there accepted bitcoin transaction, even some public service could be paid using bitcoin. And there are a lot of citizens which have been using bitcoin in daily transaction in several places all over the world such as Arnhem and much more.
If you mean when more retailers in USA accept bitcoin, then the answer will be relative as the country won't stated it as a legal payment instead they have stated bitcoin as a commodity. So, people should convince retailers owners to accept bitcoin payment, maybe it will be easier after segwit implemented.

[GreenBits]

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.

I do believe that more and more retailers will really accept bitcoins and as you've said bitcoin will rise higher even though price will be at low instance. Those retailer will accept because of it's potential price rising capability and of it's profitability. Hopefully in my country soon, it will also be accepted by some retailers and it will be adopted at local electronic shops and computer and gadgets shops.

meh, if i were a fiat business i wouldnt be that keen on bitcoin. if you try to store it as business capital, its too volatile to plan anything on; you could lose 30% in a matter of hours, LOL. if you try to spend it, good luck; no b2b operation is going to accept bitcoin for their goods. you will have to convert it to fiat, at a fee. and still be subject to market movements. so unless you are going to accept btc as a payment method through a gateway, for fiat, it really doesnt seem worth it. also, only really helps if they have frequent, small transactions. if i had say 10 10k transactions a day (used cars), you would be better off with traditional banking methods.


and the fees.... its actually cheaper to pay mastercard/visa 30 cents a transaction...

 

[Weawant]

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.

I do believe that more and more retailers will really accept bitcoins and as you've said bitcoin will rise higher even though price will be at low instance. Those retailer will accept because of it's potential price rising capability and of it's profitability. Hopefully in my country soon, it will also be accepted by some retailers and it will be adopted at local electronic shops and computer and gadgets shops.

That will surely depends on demands if retailers could see how huge the market of bitcoins in their place im sure that they will gonna accept bitcoins to their store since they can benifits on it if they will join to its payment thrend. But for now let's just see if price would really rise up until 5000$ since if the price is so high it can attract more business to grab some of this.

[Tamilson]

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.

Yes they will get more attracted to it if that will happen. Plus if the current issues will be resolve sooner like high transaction fee and turtle like confirmation they will be more interested. Businessmen always mean business so they'll go where they can profit big time.

[CarnagexD]

I wish I could spend my bitcoins locally or even in my country at all (easily). Although it has helped me hang onto them and earn quite a bit over the years.

This could be made possible by the further development and continues support of the community of bitcoin to its system in terms of transaction. Just imagine people are using bitcoin as a form of transaction in a daily basis it can be a huge factor for businesses to accept bitcoin because it is widely used by people and in fact bitcoin has an easy way of transaction with reliable mode of it so it is a good thing for us to continue our support for bitcoin development. No doubt that in the near future bitcoin will be a future currency or a universal currency that can be used in all forms of transaction.

[Janation]

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.

Yes they will get more attracted to it if that will happen. Plus if the current issues will be resolve sooner like high transaction fee and turtle like confirmation they will be more interested. Businessmen always mean business so they'll go where they can profit big time.

Even with a price $6000 retailers will not be attracted because of its unstable price or what we usually call volatility. We all know bitcoin is volatile digital currency and with its price changing every minute, do you think they will accept that.
And I think if they want business, they will do anything now to earn early, and then just wait for more time, to earn big profits.

[realHCplease]

yes price volatility and slow transaction times make it useless for retail sales etc. bitcoin has scalability problems

[shield132]

It's really hard to give a real answer becaude mostly adding bitcoin as a payment started some years ago but for example fiverr removed it. As I read also on this forum, one japanese airline is going to accept bitcoin payment.
Bitcoin with blockchain technology is getting popular everyday so there is no doubt more retailerd will accept it in near future because everything has it's user so it won't be bad for any retailer if they will have even one additional client because of bitcoin.
It's good and easy payment system so no worries, it will rise finally.

Well if other businesses see the advantage and great opportunity it will give to that retailer than obviously other businesses will follow. For example if other airlines in Japan saw that airline that accept Bitcoin had tremendous success because of it than definitely they will soon accept Bitcoin. If the retailers and at the same time the consumers have the same feedback on the usage of Bitcoin than it will easily influence other businesses to soon accept it as a mode of payment in their business.

Also to my mind main problem is that people like bitcoin payment but don't want to use it and prefer using old methods like visa card and etc. I think it needs time and some campaigns to show people why they have to develope and choose bitcoin instead of visa and etc.
Of course it will take some years but result will be good and everyone will be able to purchase something without others' help.

[Tyrantt]

yes price volatility and slow transaction times make it useless for retail sales etc. bitcoin has scalability problems

Even with that fixed and transactions being faster with lower fees I still don't see bitcoin implemented as a everyday low cost purchase currency, I see it becoming a big investment asset.

[BiTZeD]

The day in a country Bitcoin gets fully legalised and supported by payment processors, you will see thousands of stores starting to accept it. So if you want to know when, just look for legalisation news !

[FLoving]

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.

The reasons you have given are valid to some extent. All these problems are on the part of retailers, we can’t blame bitcoins for this. If retailers can’t understand how to operate bitcoins and find it difficult to converting back into fiat currency, that’s because they have very little knowledge about latest technologies. Transaction fees are not a big problem. Banking systems also charge high transaction fees. But yes, fluctuations are common in crypto market and it’s the real beauty of this trading market.

[DrGuns4Hands]

retailers seems to be not interested for now in bitcoin because they know that bitcoin price is volatile which they don't want because bitcoin is a decentralized currency that's the reason why they don't accept crypto right now. and one more thing they still preffered fiat money because it has a lot of source where they can cash it out than bitcoin.

[orions.belt19]

Retailers will accept Bitcoin once its popularity rises. If there are more users of Bitcoin, the retailers would have to adjust to them in order to cater to their consumers. Right now, only a few retailers have adopted the cryptocurrency. Its a slow pace but I think that Bitcoin would eventually be adopted as payment system in the mainstream market. Perhaps once technology has offered an easier way for convenient and hassle-free access, this would pave the way towards the acceptance of Bitcoin.

[BlockEye]

Retailers will accept Bitcoin once its popularity rises. If there are more users of Bitcoin, the retailers would have to adjust to them in order to cater to their consumers. Right now, only a few retailers have adopted the cryptocurrency. Its a slow pace but I think that Bitcoin would eventually be adopted as payment system in the mainstream market. Perhaps once technology has offered an easier way for convenient and hassle-free access, this would pave the way towards the acceptance of Bitcoin.

we can do small business in anyways with bitcoin, by having payments business that will allow to send money anyway,in my country there are businesses like this that uses btc. Though we were still hoping for more merchants that will accept btc for us to fully utilized it, i know the time will come real soon.

[Theb]

Definitely price will be irrelevant factor that will not affect influencing business owner's to accept Bitcoin. From my perspective I see that Bitcoin until it is not stable will be accepted by a few brave businesses who attempts to take advantage of its volatility. Maybe the time when it becomes a stable currency we may see some big businesses accept Bitcoin as a mode of payment.

[tal3sfromthecrypt]

There are some obvious advantages for retailers that do make this plausible in the future, including faster confirmation and receipt of payment and lower cost versus credit card acceptance (~2.5%). However, until there is a simple way to convert bitcoin to fiat within POS systems and e-commerce gateways, retailers will not accept bitcoin en masse. Figuring that problem out is an excellent business opportunity.