Started accepting Bitcoin as a 4th means of payment in my noddles DEPOT

[Detritus]

After started my noddles DEPOT on January 2021, I started by accepting cash payment, mobile banking transfer and a POS marching so that customers could make payments just with their debit/credit card without having to carry cash about.

my customers seem not to be satisfied with these Three payment method, they always have few complain like;
  1: oh! I forgot my debit card at home
  2: oops!! I don't have enough cash to make full payment
  3: ah!! my bank network is not connecting, I can't make transfer.

the problems I have had with this payment method are:
1: receiving late payment as a result of banking network.
2: when customers pay with their Debit card using my POS marching, they get debited and I end up not receiving credit alart unless I go and lounge a complain in the bank for reversal.
 3: some times I mistakenly take counterfeit cash
 4: I got harassed by some street thief's  

 following the ideaology of a Nigerian brother in this forum, I have made up my mind to be more practical as a Bitcoin believer. I decided to accept crypto as another means of payment in my noddles DEPOT.
  According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria.
I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  
first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about.
3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.
  I am open 24/7 to receive your order, you can send DM and your order will be delivered.
I hope this is a good step I took?


https://www.google.com/url?sa=t&source=web&rct=j&url=https://businessday.ng/amp/retail/article/income-time-drive-consumption-instant-noodles/&ved=2ahUKEwj_3YzQod35AhW6X_EDHY8jCNcQFnoECAQQBQ&usg=AOvVaw2jrFWG6zRhfM6Cr8Z33mbu

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[DeathAngel]

Always good to see businesses incorporating bitcoin into their payment systems. Good move by yourself, OP. I wish you good luck. Nigeria is a real leader in adoption at the moment, I see lots of stories like this.

[avikz]

More power to you! I hope more and more people pays with cryptocurrency to your store because that is convenient for you. Few years back, one Saloon started accepting bitcoin as a payment method in my vicinity, they have got only one payment in bitcoin from me before closing that option in the inset of COVID lockdown. So it's encouraging to know that you can got 5 customers already paying through cryptos. A lot is changing and changing fast. I hope this trend continues.

We would love to have more insights on the number of crypto paying customers periodically if that's ok with you.

[Fivestar4everMVP]

I hope this is a good step I took?

It is indeed a good step,  and one in the right direction, bitcoin and cryptocurrencies in general are out to change the way we view and carry money about,  and grassroot adoption is highly needed so as to bring the entire population of the world to the knowledge of this amazing technology.
I will encourage you to also take this idea of accepting bitcoin payments to your suppliers,  that is those who supply noodle to you,  or maybe you buy them directly from the company, then why don't you take the idea of accepting bitcoin payment to them,  you never can tell what that can do and how it can boost your business if they too start accepting bitcoin payment from you for the supplies of cartoons of noodles.

[Wiwo]

This is a good initiative to accept Bitcoin as an option for payment in your middle shop, but in as much as accepting Bitcoin is an applauding step and more concern about the fees associated with Bitcoin payments, most Bitcoin merchants in Nigeria charge exorbitant fees will eat up your profits if not for LN network that can solve the issues of high fees the rest of the other will list charge you at list 400 nairas for transaction fees aside from the blockchain fees. So how do you intend to cope with that situation, are you planning on developing your payment system as time goes on and your business expands, what are your plans regarding that?

[CryptSafe]

After started my noddles DEPOT on January 2021, I started by accepting cash payment, mobile banking transfer and a POS marching so that customers could make payments just with their debit/credit card without having to carry cash about.

my customers seem not to be satisfied with these Three payment method, they always have few complain like;
  1: oh! I forgot my debit card at home
  2: oops!! I don't have enough cash to make full payment
  3: ah!! my bank network is not connecting, I can't make transfer.

the problems I have had with this payment method are:
1: receiving late payment as a result of banking network.
2: when customers pay with their Debit card using my POS marching, they get debited and I end up not receiving credit alart unless I go and lounge a complain in the bank for reversal.
 3: some times I mistakenly take counterfeit cash
 4: I got harassed by some street thief's  

 following the ideaology of a Nigerian brother in this forum, I have made up my mind to be more practical as a Bitcoin believer. I decided to accept crypto as another means of payment in my noddles DEPOT.
  According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria.
I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  
first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about.
3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.
  I am open 24/7 to receive your order, you can send DM and your order will be delivered.
I hope this is a good step I took?


https://www.google.com/url?sa=t&source=web&rct=j&url=https://businessday.ng/amp/retail/article/income-time-drive-consumption-instant-noodles/&ved=2ahUKEwj_3YzQod35AhW6X_EDHY8jCNcQFnoECAQQBQ&usg=AOvVaw2jrFWG6zRhfM6Cr8Z33mbu

This is a welcome development. As you can see, it all takes a bold step to actualizing this goal. If we have a thousand of your kind taking this step towards making or accepting Bitcoin as a legal tender then there would be a fast and rapid adoption of Bitcoin in the society and world at large.

[BIT-BENDER]

Great and congratulations on you step in making the adoption of Bitcoin even higher by contributing your own personal efforts.
But you should understand that there may be some dangers you would encounter.
#Your country stands on Crypto-currency some government are very strict with the usage of Crypto and it make affect you.
# networking and transfer congestion. Yes the transactions of Crypto-currency is fast but we all know with low transactions fee transactions may delay and depending on your urgency this may be a problem.
# scammers, some scammer may have hacked a wallets or stolen cryptos and use your medium as a point of sale regardless of this with high security consciousness and enlightening your customers about how to perform transactions I think it's a good start for you.

[Upgrade00]

That's a big step you took there.
Bitcoin (or crypto in general) availability as a payment option is Nigeria is quite low as not many merchants accept or use it. Having a physical store take it as payment for a regular commodity is a big step in the right direction.

Hopefully, more merchants see what you're doing and join you in accepting cryptocurrencies for payment

[cheezcarls]

It's great for me to see these kinds of topics emerging on Bitcointalk where you are promoting and advocating the real use cases and fundamentals of Bitcoin.

Accepting BTC as a means of payment in any traditional business is something that businessmen like the OP should be doing nowadays. All they need is to be educated about the positives of Bitcoin and not listening to the uninformed or misinformed people who knew nothing or misunderstood about this crypto.

Congratulations and keep it up! Spread the word more about Bitcoin through the business that you have.

[Detritus]

We would love to have more insights on the number of crypto paying customers periodically if that's ok with you.

It's okey with me,  I would want to report the total turn up of customers who pay with crypto after 4 months from now.

[Ever-young]

This is amazing buddy, you didn't just made your business payment easier. But have also promoted crypto around your locality. Keep up the good work, others will learn and follow before you know it, crypto payment will spread all over the country (Nigeria)

[GeorgeJohn]

Always good to see businesses incorporating bitcoin into their payment systems. Good move by yourself, OP. I wish you good luck. Nigeria is a real leader in adoption at the moment, I see lots of stories like this.

You know that this days Bitcoin news is spreading everyday and evey hours. And If you want to get attention to your business the best solution is to make dual kind of payment. First = fiat pay and secondly = cryptocurrency payment. And especially bitcoin. Because many people are lover of Bitcoin and any business that's being establish with the system of Bitcoin payment will go with a lot of firms. Because bitcoin currently is now becoming a global currency

[OgNasty]

I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.
  I am open 24/7 to receive your order, you can send DM and your order will be delivered.
I hope this is a good step I took?

Awesome.  Congratulations!  I hope that this continues to be a great experience for you and that you're able to keep some Bitcoin saved in the event we see another bubble.  You should think about making a proper thread to sell your noodles in the Goods section so that other users can support your business.  I remember someone doing this back in 2011 but they didn't stick with it.  Hopefully you can and are rewarded for doing so!

[edgycorner]

Well done and congrats!

I am planning to start a merchandise shop(online for now) and accept bitcoins/crypto on it. There's almost 4% fees if you accept CC/Debit cards compared to 0% if you accept cryptos(with your own solution ofc and not a third party, even then it will be 0.5% or so).

Crypto definitely solves a lot many problems when it comes to accepting payments for your business.

As a part of this community, it's only natural to accept bitcoin. If not us then who else  right?

[Jeger.Kiting]

After started my noddles DEPOT on January 2021, I started by accepting cash payment, mobile banking transfer and a POS marching so that customers could make payments just with their debit/credit card without having to carry cash about.

my customers seem not to be satisfied with these Three payment method, they always have few complain like;
  1: oh! I forgot my debit card at home
  2: oops!! I don't have enough cash to make full payment
  3: ah!! my bank network is not connecting, I can't make transfer.

the problems I have had with this payment method are:
1: receiving late payment as a result of banking network.
2: when customers pay with their Debit card using my POS marching, they get debited and I end up not receiving credit alart unless I go and lounge a complain in the bank for reversal.
 3: some times I mistakenly take counterfeit cash
 4: I got harassed by some street thief's  

 following the ideaology of a Nigerian brother in this forum, I have made up my mind to be more practical as a Bitcoin believer. I decided to accept crypto as another means of payment in my noddles DEPOT.
  According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria.
I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  
first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about.
3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.
  I am open 24/7 to receive your order, you can send DM and your order will be delivered.
I hope this is a good step I took?


https://www.google.com/url?sa=t&source=web&rct=j&url=https://businessday.ng/amp/retail/article/income-time-drive-consumption-instant-noodles/&ved=2ahUKEwj_3YzQod35AhW6X_EDHY8jCNcQFnoECAQQBQ&usg=AOvVaw2jrFWG6zRhfM6Cr8Z33mbu

It seems very good for the idea that you live by accepting Bitcoin as a payment method in your DEPOT noddles, it's really not easy to tell them what Bitcoin is and teach them how to use Bitcoin especially for those who don't understand at all especially old ladies and gentlemen , you have to be very patient in telling them and others to pay with bitcoin. I'm sure if you keep telling everyone about the idea of paying using Bitcoin on your DEPOT noddle, people will definitely keep visiting your DEPOT noddle.

[noorman0]

-snip-

the problems I have had with this payment method are:
 3: some times I mistakenly take counterfeit cash
 4: I got harassed by some street thief's  

Does that mean you remove fiat payment methods completely and only bitcoin (crypto) to avoid these 2 problems?

Btw, I envy you after seeing that the items you are selling are products from my country and you can sell them in any method I expect. I also own a retail store and I think I'd be happy if I had the occasional crypto customer if the regulations let me do that.

[Davidvictorson]

I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  
first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about.
3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.

Bravo OP. It is very much needed now. Two points that I wish to make is  - 1) Beware of scammers. There are sophisticated scammers out there who may have found a loophole and want to unbeknownst take advantage. 2) Take your security very importantly and do not trust any of your staff who may handle these transactions in your absence. Watch them like a hawk. How do you plan to deal with the dips? I understand that you may want to exchange it when it peaks but what if you need the money to put back in the business?

[Queentoshi]

Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.

If you make use of binance and one of your customers wishing to pay in bitcoin also uses binance, you can learn how to make free transactions from one binance wallet to another using a special number assigned to every binance user called PAY ID.

Here is a guide to the topic on forum; https://bitcointalk.org/index.php?topic=5400587.msg60247082#msg60247082

Your customers who do not know this method already will love it and be glad that they also have learnt something new.

[GiftedMAN]

Does that mean you remove fiat payment methods completely and only bitcoin (crypto) to avoid these 2 problems?

I guess no because the OP talked about having a point of sale machine(POS) which his customers use to make payments apart from the fiat currency which according to his statement is his country's generally accepted currency for payment of goods and services but he included Bitcoin payment to ease himself and some of his customers from the stress of caring bucks of fiat currency and other network problems during transfer transactions. Removing fiat payments in his business for now I think will chase his customers away as most of them may not know about Bitcoin and as such, they would not patronize him.

[Don Pedro Dinero]

That's in Nigeria, isn't it? I have already seen several threads of people from Nigeria trying to promote bitcoin there, either by accepting payments, as in this case, or by teaching about bitcoin. It strikes me that it is in a country whose government is not very bitcoin-friendly.

It's okey with me,  I would want to report the total turn up of customers who pay with crypto after 4 months from now.

We look forward to your update by then, OP. I imagine bitcoin won't be a mainstream payment option as long as it's so volatile, but maybe you'll surprise us with your data.