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Author Topic: Bitcoin accepted for My business  (Read 229 times)
Purafisio (OP)
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December 07, 2020, 08:47:17 AM
 #1

I want to introduce the payment with Bitcoin for clients who request it.
the business is a physiotherapy clinic in Madrid, Spain.
Could do it? I imagine it would be the first in my sector in Madrid.


https://www.purafisioterapia.com/
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December 07, 2020, 08:52:21 AM
 #2

Cool. I've heard that some airlines and travel agencies started accepting payments in Bitcoin. But a possibility to use Bitcoin for paying treatment is something new.
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December 07, 2020, 09:00:01 AM
 #3

It is a great idea and it shouldn't be too costly to implement either. If I were you I would look for a payment processor solution or if you have someone good at technology in your team you can set up a lightning network node. But this way you would have to manually exchange Bitcoin to fiat for operational purposes if you need it.
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December 07, 2020, 09:23:12 AM
 #4

It is a great idea and it shouldn't be too costly to implement either. If I were you I would look for a payment processor solution or if you have someone good at technology in your team you can set up a lightning network node. But this way you would have to manually exchange Bitcoin to fiat for operational purposes if you need it.

LN is fast and quite handy in terms of doing fast transaction. But the problem was its on Beta Phase and there's still a lot of bugs which can be dangerous to apply on a real business right now. Setting up an own LN node as a bit complicated and even OP know someone good in technology, It will still required them to do extra cautious because this project is still development meaning they will develop it too in case they want to apply it to there own business.

Using 3rd party payment processor will be the best option for a business to apply cryptocurrency in there system.

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December 07, 2020, 09:24:42 AM
 #5

One thing is having an idea and another is implementing it; now that you have the idea, you can start working towards it by first starting with acquiring all the knowledge you need to know about it, also asking those who have set up such business for popular opinions. If other people can accept Bitcoin in their businesses, in the same way, you can do as well, since it is being seen as a payment method.
To be frank, this is a very nice idea because you will succeed in removing any payment restrictions while attracting more people, you will also be able to bring the knowledge of crypto to more people because their curiosity and questions will lead to such. Slow and steady, mass adoption is gradually creeping in and people are becoming more informed, thus I don't think you will face much issues.
Good luck in your business.

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December 07, 2020, 01:40:04 PM
 #6

If the client wants to use bitcoin for the payment better to accept this kind of payment because that is the customers wants. We need to change or maybe add something new like bitcoin we can accept bitcoin for our business. Incase when I have changes to build my own business I will accept bitcoin for the payment so the people who use bitcoin will encourage to use bitcoin and for others not know bitcoin they know the advatanges of having bitcoin.
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December 07, 2020, 07:14:14 PM
 #7

I want to introduce the payment with Bitcoin for clients who request it.
the business is a physiotherapy clinic in Madrid, Spain.
Could do it? I imagine it would be the first in my sector in Madrid.


https://www.purafisioterapia.com/

If it will the first clinic that will accept bitcoin payments in Madrid then it is good as you are the first one to do it but you need to make sure first that you are ready for the volatility of bitcoin price as it's price will change easily.

Aside from that, you should be ready also to wait for any transactions that you are going to receive as sometimes the bitcoin transaction will take time to finish especially if the sender uses a small fee and the mempool is congested. Those are only few issues that you need to be ready of, if you have no problem with it then you are good to go.
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December 08, 2020, 11:16:04 AM
 #8

One thing is having an idea and another is implementing it;
Another one is the risk of the volatility of bitcoin once you have it, your business fund is at risk if the btc decreases, lucky if it increases.

But if you know how to manage your business fund (bitcoin ) then it should be okay.
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December 08, 2020, 07:08:46 PM
 #9

One thing is having an idea and another is implementing it;
Another one is the risk of the volatility of bitcoin once you have it, your business fund is at risk if the btc decreases, lucky if it increases.

But if you know how to manage your business fund (bitcoin ) then it should be okay.

I am just thinking about travelling agencies which accept Bitcoin payments. How they handle a situation where the trip is cancelled and a refund is required. With high price violation, customers may feel shattered if they get back a significantly less amount of bitcoin.

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December 09, 2020, 03:03:30 PM
 #10

I want to introduce the payment with Bitcoin for clients who request it.
the business is a physiotherapy clinic in Madrid, Spain.
Could do it?
Why not. For clients that'll be reserving their clinic sessions in advance, you can refer to this "list of BTCitcoin payment processors" and for those that'll pay in person, a simple "BTCitcoin accepted here" sign would suffice...
- In addition to the above comments, those earnings are still going to be counted towards your taxes [most likely, not sure how everything works in Spain].

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stomachgrowls
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December 09, 2020, 05:27:23 PM
 #11

Cool. I've heard that some airlines and travel agencies started accepting payments in Bitcoin. But a possibility to use Bitcoin for paying treatment is something new.

Not only limited to travel/airline industry but also with other industries as well where they do integrate Bitcoin or simply crypto payments into their services.

When it comes to integration then those payment processors would be one of the things needed and of course your awareness towards crypto volatility..

You can freely add up crypto payments into your business but of course you would need to find out first if crypto isnt something being banned nor prohibited into your country
Choices of crpyto payment processors had been given above.Theres no need for repitition.

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December 10, 2020, 11:30:54 PM
 #12

It's always nice to see business interested to accept Bitcoin, even if deman for it. But your case is a bit different, because it's not typical online store, but physical place. So, integration of Bitcoin payments may be a bit more difficult than simply adding one of crypto payment proccessors to your website. Other solution is needed for you. Maybe check it out this article, maybe you'll find something useful:
https://cointelegraph.com/bitcoin-for-beginners/how-to-accept-bitcoins-in-my-store

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December 11, 2020, 03:01:29 AM
 #13

Sure you can do that, but have you understood all the risks you will face if you accept Bitcoin as payment? examples the volatile prices, how many confirmations are enough to secure your transaction. Regarding being the first in your city, it's true that it would be really nice especially if your city has a lot of Crypto users, then they will interest to use your service.

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December 11, 2020, 03:08:50 AM
 #14

It's a good idea, good luck. This is the new form of global economy, without intermediaries.

Regards,
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December 11, 2020, 11:25:09 PM
 #15

1. you can try to use a crypto payment gateway.
https://www.coinpayments.net/
https://coingate.com/
https://bitpay.com/
https://coinspaid.com/
etc.

2. you can have a crypto POS device in your clinic.
XPOS by PundiX
Cycle POS by Cyclebit
etc.

3. or you can make it as a business too by having a bitcoin ATM in your clinic or around there.
https://coinatmradar.com/
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December 12, 2020, 07:52:36 AM
 #16

There are multiple options available to accept Bitcoin for your business: https://github.com/alexk111/awesome-bitcoin-payment-processors
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December 12, 2020, 08:26:55 AM
 #17

I want to introduce the payment with Bitcoin for clients who request it.
the business is a physiotherapy clinic in Madrid, Spain.
Could do it? I imagine it would be the first in my sector in Madrid.


https://www.purafisioterapia.com/
Yeah, you can do it. But don't just limit your options to bitcoin only. Add other altcoins too (if you are willing to risk holding or aren't directly accepting it). If you don't want to directly accepting bitcoin, you can use third party integration like coingate. They will accept crypto currencies on your behalf and you can directly receive fiat payment. You can also choose to keep those coins that you receive. The fee is reasonable.
Accepting bitcoin does have some drawbacks when it comes to wait time and fee. You can use lightning network but like TGD said, its going to be a bit complicated.

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December 13, 2020, 06:13:41 AM
 #18

These is awesome, like I have heard of many great stuffs about bitcoin and how it’s been used as methods of payment. I heard some flights company are now accepting bitcoin as their payment option and some online business. Now it’s spreading even in the medical community, if I can pay my hospital bills with bitcoin that would be great.

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December 13, 2020, 04:21:54 PM
 #19

I want to introduce the payment with Bitcoin for clients who request it.
the business is a physiotherapy clinic in Madrid, Spain.
Could do it? I imagine it would be the first in my sector in Madrid.


https://www.purafisioterapia.com/
If you think that you'll be first in this sector in Madrid, then it means that you can't do actual research whether crypto in this business is a good addition or neutral (it can't be bad). So, you know, you are the first one who will implement it and in business, you have to be innovator, the first one who implements or creates innovations. Try to add cryptocurrencies, you won't lose customers but there may be new loyal ones who will appreciate the fact that you accept cryptocurrencies and it will be a pleasure for them to visit you.

To sum up, just try it if you don't lose anything, at least you'll gain a name of a company that become the first to accept cryptocurrencies in your sector in Madrid and anniversary fact of it will be that media may write some articles about you and it will help you in promotions.

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