When will more retailers accept Bitcoin

[adzino]

One problem that needs resolving.
How do we get them to see bitcoin as an inviting currency? How do we make it look that there is a lot of profit here than a regular merchant using the fiat system as a payment option?
It is the risk that they want to make it vanish. If they accept bitcoin as payment they are also on the brink of losing a lot of money. I say make them see how they could withdraw the funds and get a safety amount of money after a good start into using bitcoin as a means of payment.

Most of the merchants accept bitcoin through a gateway. The gateway pays them directly to their bank the next day in fiat. The price of bitcoin is determined and fixed the moment they receive the coin. So the owners won't be suffering any kind of loss and should not be afraid to accept bitcoin.

This is the thing I don't like.
Accepting payments through a gateway is imposing another 3rd party between the merchants and me the customer.
It's a service that is not needed and of course it comes a with a cost , like credit card payments.
And who do you think will pay this? Of course we in the final price of the goods we buy.

I hope there will be soon merchants who use pure bitcoin payments not this hybrid.

Then that won't be happening anytime soon. Look how volatile the price is. Their risk increases increased tenfold, thus putting  their business on a huge peril. Bitcoins will give them profit in the long run, but waiting is not an option for them. To have to pay bills and their employees.

[Armstand]

One problem that needs resolving.
How do we get them to see bitcoin as an inviting currency? How do we make it look that there is a lot of profit here than a regular merchant using the fiat system as a payment option?
It is the risk that they want to make it vanish. If they accept bitcoin as payment they are also on the brink of losing a lot of money. I say make them see how they could withdraw the funds and get a safety amount of money after a good start into using bitcoin as a means of payment.

Most of the merchants accept bitcoin through a gateway. The gateway pays them directly to their bank the next day in fiat. The price of bitcoin is determined and fixed the moment they receive the coin. So the owners won't be suffering any kind of loss and should not be afraid to accept bitcoin.

This is the thing I don't like.
Accepting payments through a gateway is imposing another 3rd party between the merchants and me the customer.
It's a service that is not needed and of course it comes a with a cost , like credit card payments.
And who do you think will pay this? Of course we in the final price of the goods we buy.

I hope there will be soon merchants who use pure bitcoin payments not this hybrid.

Then that won't be happening anytime soon. Look how volatile the price is. Their risk increases increased tenfold, thus putting  their business on a huge peril. Bitcoins will give them profit in the long run, but waiting is not an option for them. To have to pay bills and their employees.

That's make sense especially if the business is not familiar on btc. Some applications and businesses using their own alts since that alts have put a min amount it can be upon their ICO and it shows that mostly it will not affect much when the ats dumps, but in btc its a different story it's good for long tern and will be hard apply in actual,it will be much better if for saving onlyn

[ArrogantPeacock]

it take time.. when enough people will have adopted bitcoin, then it will make more sense to retailers to offer it as an payment method/option

that of course needs time, but hey.. time is all we have

[gabmen]

it take time.. when enough people will have adopted bitcoin, then it will make more sense to retailers to offer it as an payment method/option

that of course needs time, but hey.. time is all we have

I think we're actually well into this time already. Many retailers are already using btc or eth in their transactions and for sure, when other companies or retailers see the benefits of using crypto, they'll follow suit

[South Park]

It has been accepted by retailers yes, but could be accepted by a lot more retailers.
This has actually been the first year that btc adoption among retailers has shown a decline

Really? Do you have some stats to back that info? Because Japan legalized bitcoin in this year and for what I have read, many retailers were now accepting bitcoin and in my opinion that should have been enough to push the number of retailers accepting bitcoin way up.

BItcoin ABC Lead Dev: 2017 Is the First Year with Negative Bitcoin Merchant Adoption

Google it for articles.

Thanks for the info, I Google it and found the article, it is a bit surprising but at the same time I think it it not, the fees have become a very big problem so much that we have threads in the forum almost everyday, it seems we are going to need the lightning network to be activated as soon as possible or we may keep seeing this trend in the next year.

[GoodLuck2]

it take time.. when enough people will have adopted bitcoin, then it will make more sense to retailers to offer it as an payment method/option

that of course needs time, but hey.. time is all we have

I think we're actually well into this time already. Many retailers are already using btc or eth in their transactions and for sure, when other companies or retailers see the benefits of using crypto, they'll follow suit

So i think there is no doubt in this fact that many international companies are accepting bitcoin especially as a mode of payments. Japanese airline has recently announced to accept bitcoin for payments; restaurants are also looking forward for getting paid in bitcoins. Indeed with little more awareness about cryptos will increase their common use.

[DaftAjax]

it take time.. when enough people will have adopted bitcoin, then it will make more sense to retailers to offer it as an payment method/option

that of course needs time, but hey.. time is all we have

Well basically we needed to have it legalized in many countries as possible to have this sort of thing that more retailers will just go accept Bitcoin as means of payment and more stuffs like that. Also what we also need is to have Bitcoin have its own value, I mean we still need fiat (dollar) to determine its price. We needed that, because if you look at it they're not coexisting at all, Bitcoin is dependent on the fiats as I've said it will determine its value and all but vice versa? Not so much or none at all.

[KingdomHearts]

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.

Since bitcoin is a currency which is increasing its value day by day and also becoming much valuer than the dollar so maybe in the next few years to come most of the retailers would start payment in bitcoins and also accepting in bitcoins

well popularity will force retailers to accept and use this system the more people to push this up the more popularity that bitcoin will gather and with this current situation regarding to its value things will change everything and maybe adoption will take place.

Correct, retailers may choose to adopt bitcoin on their own, but since business owners only care about he profits and not about ideas then it is unlikely you are going to convince too many people stating the great characteristics of bitcoin, but if they see a lot of clients asking to buy things with their bitcoin then they are going to begin to accept bitcoin immediately.

We just need to increase the users of bitcoins. The more users can easily put pressure on retailers to accept payments in bitcoins. But for all this to happen in reality, we need to wait for few years, at least five more years to go for the common sue of bitcoins. Only few international sites and businesses accept bitcoins at present.

[KnightElite]

"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 really advanced technology. I hope that my country become like Japan because thousands stores now in Japan are accepting bitcoin as daily payment. I think in the next 10 years, the bitcoin will become more popular and most of the businesses in the world will accept the bitcoin.

[Sanugarid]

"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.

Probably, it will be accepted by more retailers if it will be legal to most countries. Ofcourse, if it will be legal to countries, it will be a reason for them to accept it. Another instance is due to public demand. If the demand will be high, local retailers will accept it because they will cope up with the demand of their customers for them to earn profit. There are already countries that made Bitcoin together with other cryptocurrency, legal. And with this, there'll be more countries and retailer that will consider it as a currency.

[ekoice]

Retailers mainly expect two things for accepting bitcoin widely as payment.They mostly expect it to be legalized so that they could accept it with confidence.Secondly,volatility of bitcoin price is a big issue for them.But we saw in japan after legalization,most of retailers readily accepted bitcoin and now around 250,000 retailers are accepting bitcoin payment.They have not even considered about volatility.So its clear that if bitcoin gets legalized in all countries,it would be accepted by retailers all over the world.

[The_Dark_Knight]

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.

Since bitcoin is a currency which is increasing its value day by day and also becoming much valuer than the dollar so maybe in the next few years to come most of the retailers would start payment in bitcoins and also accepting in bitcoins

well popularity will force retailers to accept and use this system the more people to push this up the more popularity that bitcoin will gather and with this current situation regarding to its value things will change everything and maybe adoption will take place.

Correct, retailers may choose to adopt bitcoin on their own, but since business owners only care about he profits and not about ideas then it is unlikely you are going to convince too many people stating the great characteristics of bitcoin, but if they see a lot of clients asking to buy things with their bitcoin then they are going to begin to accept bitcoin immediately.

I have the feeling a lot of people in bitcoin are just holders...or traders.
Seems like everybody is looking at what will happen with btc price, but they seem less interested in spending btc and using it as a currency.

Even if we wanted, there is not a lot of things that you can buy with bitcoin directly and until that changes people are going to treat bitcoin more as an investment than a currency but that could change with the new improvements done by the devs to the bitcoin network.

[tiggytomb]

It will happen it is just a matter of time, gradually one by one they will all start to accept bitcoin, we are still in the early days of bitcoin we have at least another 5 years ahead of us before everybody knows what bitcoin is.

[KingdomHearts]

I think that would depend on how many bitcoin user a country have. Here in my country, its not yet popular and many are still ignorant about bitcoin but i think when most people here use bitcoin, then stores would soon accept bitcoin as payment. It all depends on popularity

It is fact that a country accepts a new business when the residents are more willing to use that particular business. So as the case of bitcoins, when it will be more famous in a country, ultimately the retailers have to shift them into it and thus the government too.

[cryptopreacher]

I believe there are two main factors that retailers look at when looking at bitcoin:
1. Does it improve my current payment system that I use?
2. Does the positive aspects outnumber the negative aspects of the cryptocurrency on the mid/long term?

[Babyrica0226]

Maybe more retailers will start accepting Bitcoin when Bitcoin became legal in our respective countries and when people are known of what is Bitcoin, its advantages and disadvantages, how to use them, how to trade them and how to handle them.

Isn't once bitcoin become legal currency in one country does bitcoin still decentralize? it just came up into my mind because the government of each country as we all know was being categorize in centralization.

[Sled]

I think that would depend on how many bitcoin user a country have. Here in my country, its not yet popular and many are still ignorant about bitcoin but i think when most people here use bitcoin, then stores would soon accept bitcoin as payment. It all depends on popularity

It is fact that a country accepts a new business when the residents are more willing to use that particular business. So as the case of bitcoins, when it will be more famous in a country, ultimately the retailers have to shift them into it and thus the government too.

I agree to that. It depends on the user of bitcoin because if they are going to see more and more bitcoin user in their are then the retailers will adjust their mode of payment and they will use bitcoin as a mode of payment and the government might accept bitcoin too so they can get some profit from bitcoin by taxing the businesses who are using bitcoin.

[prtty2gal2]

it take time.. when enough people will have adopted bitcoin, then it will make more sense to retailers to offer it as an payment method/option

that of course needs time, but hey.. time is all we have

Well basically we needed to have it legalized in many countries as possible to have this sort of thing that more retailers will just go accept Bitcoin as means of payment and more stuffs like that. Also what we also need is to have Bitcoin have its own value, I mean we still need fiat (dollar) to determine its price. We needed that, because if you look at it they're not coexisting at all, Bitcoin is dependent on the fiats as I've said it will determine its value and all but vice versa? Not so much or none at all.

If we really want to increase the use of bitcoins in daily life, we badly need to make bitcoins legal internationally within no time. This action should be taken for the better future of bitcoins and its investors. I don’t think so we should have any problem for the relationship between bitcoins and dollar.

[Geeta1207]

As more and more people are becoming aware of bitcoin and more and more people are investing in it. It has come under th government's notice. Many retailers have actually started accepting bitcoins in comparison to the past. I think if not all but soon most of the retailers are going to accept bitcoins.

[Gozie51]

If we compare the knowledge of bitcoin last 4 years when I don't know what it is to late last year, we would see that there have been progress on the awareness of bitcoin. So, the usage and acceptance of bitcoin stems from the its awareness and I see that most people are getting to know about it. Soon the awareness will increase more and it will have a positive effect on the acceptance.