Should our company start accepting bitcoin payments?

[ninjabenja]

First things first, here's the survey: http://fs25.formsite.com/uscutter/form6/index.html

Goal: I'm trying to get data for why my company (uscutter) should SERIOUSLY consider accepting Bitcoin payments. This is NOT an advertisement, nor is this an agenda being led by anyone other than myself. The survey is well branded to reinforce the authenticity of the company association. If Bitcoin is to succeed, mass adoption needs to be promoted and encouraged.

About me (briefly): I have been involved with bitcoin since about 2010. I've worked at USCutter since about that same time. I've never posted to this forum (that I remember) until today. I am an active currency trader. My favorite BTC charting site is tradingview.com. I enjoy long walks on the beach and playing Cards Against Humanity- totally tanked.

Thanks for your time.

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[roslinpl]

Hmm..

to start accepting bitcoin you can do it in 15min and it will cost you like nothing.

So ... just tell me why not to accept bitcoin when you have a company?

[ninjabenja]

Well you're preaching to the choir with me!

 The problem is that my opinion in the eyes of those in my company is completely biased. I would start accepting bitcoin tomorrow if it were up to me... but it isn't. That is why I'm hoping when the time comes to pitch it to the executive board that I'll have survey data to back up my position.

[hellscabane]

I will say, I like the question about the raise. Hehe.

When dealing with a company run by multiple people, it's usually harder to convince management to accept another form of payment. Especially a form of payment that still has so much grey area for businesses. Great initiative though!

[Beliathon]

The longer you wait, the more business is going to your competition.

You tell me.

[Foxpup]

The executive board surely knows how much money the company is losing to credit card fees and chargeback fraud. Just point out that Bitcoin transactions don't have these costs and I guarantee they'll start listening.

[pbj sammich]

You could point them to the sales figures for BTC payments on other platforms like Overstock that have been successful.

But in the end, if it generates revenue, shouldn't be too many objections.

[roslinpl]

I must say I don't understand why NOT to accept bitcoin in any company ...

[durrrr]

You should accept bitcoin for your company. Why not? it is one more way to accept a payment. and also it could even increase your sales if you advertise you now accept bitcoin. I think its a great idea to start accepting bitcoin.

[MashRinx]

Well you're preaching to the choir with me!

 The problem is that my opinion in the eyes of those in my company is completely biased. I would start accepting bitcoin tomorrow if it were up to me... but it isn't. That is why I'm hoping when the time comes to pitch it to the executive board that I'll have survey data to back up my position.

If the perception within the company already is that you are completely biased in favor of bitcoin, I'm not sure survey results gathered from people on a bitcoin forum is going to do much to counter that argument?  I'm not sure the size of the company, but I would think that unless you have the ear (and at least partially open mind) of at least one person on that board, it sounds like tough sledding.

Good luck though.... seriously. 

[zolace]

Yes ,your company should accept bitcoin!Bitcoin is the future,plus it s value is been stable in the past months.

[ljudotina]

If your asking others about decision like this, than NO

[Jacko]

I always try first to purchase things I want or need with BTC. So if more people are of a similar mindset to mee your company will get the sale not one that is thinking of taking BTC. Lastly the sale would go to fiat if no one offers the service or item I require.

As with all businesses if you snooze you loose. Get in now and secure business and repeat custom from people that have BTC to spend.

[franky1]

because there is no monthly fee, yearly subscriptions then what you should be asking is why shouldn't you accept bitcoin.

its easy enough to 'localbitcoins' or coinbase your shopping cart, that looks up the value of a trusted trader and use their price to get a cart total and using loclbitcoins to withdraw back to fiat within minutes of bitcoins being received.

the CEO of the company can even pay you (the OP) in bitcoins, then their is less need to convert to fiat.

i do hate the fact that bitpay has now gone subscription based, but you can always use other payment processors as mentioned above.

i see no downside to any business accepting bitcoin. so use the question "why not?" instead of "why so?"

[ninjabenja]

If your asking others about decision like this, than NO

That's kind of a silly statement. Why would taking the pulse of a cross section of people on a topic be a bad idea? Unfortunately the final decision on issues like this are not made by guys like me. They're made by people who don't yet fully understand bitcoin- which is where I need to step in and lay things out in understandable terms. I want to be prepared with solid data to back up my position and show with zero uncertainty that not only will this be a smart long-term financial decision, but dissuade any fears that we might alienate our existing customer base... who is also largely not terrifically tech savy.