I started business many days ago. Now it's time to accept Crypto as a payment.

[Maryannlucy]

I started a small business on exporting rice in my town. It's been several months and everything is going well.
All my customers are happy with the service. So to make things a bit more interesting, I've decided to accept crypto as a payment method.
I have designed this business card of mine, and I'll be handing over this to my customers.
https://i.imgur.com/c0LGopk.jpg
In the beginning, I have decided to stick on Binance pay, and BTC payment.
The BTC address is in the QR code on the business card, and also with the PAY ID for Binance.
Universal token transaction will be done through pay ID and BTC could be transferred too.
For those who want to pay with other method, can choose BTC address.

[Note: Information is blurred out for personal reasons.]

I gave it a good thinking and have implemented this in my business. So I want to know you guy's opinion in this.
Feel free to suggest me more secure options and how to improve this.
Thanks a lot in advance.

Congratulations dear. I think we have to go for a Rice business together Dm please

[Hypnosis00]

it is the same for me and what I would also hope that we can have some updates on how many people pay with bitcoin and what percentages of the overall customers that is. To me it would not even be bad if it is not a lot, but I would like to see in what countries and what business models bitcoin already works.

Perhaps, we are encouraged to utilize Bitcoin as a form of currency alternative to fiat money and it was glad to see the growing numbers of establishments that started to have this payment option. This action will eventually help to recognize Bitcoin as a currency and it adds to the desire for the community to try using this. Honestly, it was a fail being a currency if we also have not pushed it - I think the adoption seems not too hard as long as everyone will participate and support those who have come out of this.

[hyudien]

As a businessman, if you know your target customers, it might be effective. But what if it really isn't? Talking about plus points obviously a brilliant idea pops into your mind. But in general, people who need rice and buy it prefer to use fiat. Either you already know the target consumers that they are also closer to cryptocurrency or not at all. The reason is if they don't know or even more hold than spend bitcoin with goods that can still be bought directly with fiat.

[Russlenat]

I hope your business will prosper and even though the number of customers paying with cryptos are less, don't remove the option for them because you are also helping to the financial revolution we have to remove the banks from having total control of our money. I love to see the world where everyone have their own freedom with their money without any fear of inflation or sanctions from other countries and anything like it. Some business owner are considering such thing because some of them really want to hold bitcoins with the spare money they have.

This is definitely a great idea since you are making the people more aware on bitcoin that its not only used as an investment, but can also be used as a payment system. However, you cannot expect to see positive results on that in just a short period of time as people are still adjusting to it and some people would still stick to fiat because its easier to use and they are used to it. But still, continue doing that as you might be an inspiration for other business owners to start accepting crypto too in their own business.

[Fivestar4everMVP]

This is a commendation achievement and a plus one (+1) to Bitcoin Adoption.
But like the first commenter said, (which I support),  using a centralized platform as a means to receive payment from your customers is not only risky,  but you might end up spending more if for any reason, you are going to withdraw those bitcoins to keep in your own private wallet or to convert them to fiat on another platform, except you are able to convert the bitcoins to fiat  and withdraw to your bank account directly from Binance,  then I can understand since you will definitely need the fiat to keep your business running as those who supply you the rice you export might not be accepting bitcoin payments just yet, which I will also advice you reach out to them and advice them on the importance and benefits of accepting bitcoin payments.

[Note: Information is blurred out for personal reasons.]

I'm still wondering what that personal reason is since your business should be in public domain.

From a small part of the blurred area,  I can see that the business card has the OPs real name and phone numbers on it,  and maybe address too.
This forum is not his business place and I believe he is not looking for customers from here, so I personally think OP did right by blurring the part of the business card that contained his information which might lead to his identity being revealed on the forum if left unblurred.

[dark1234]

Next, considering about your business profits which would be highly be affected with volatility and this is
where people should be be minding and neither accept it or not.

price volatility, maybe that will be the reason someone is reluctant to spend it and prefers to hold it
For that, a businessman who implements crypto payments must be prepared with the volatility of the bitcoin price, of course there will be a price adjustment for every bitcoin when a bull or bear moment occurs.

[terciduk123]

If my guess is correct, you are from Bangladesh. Do the regulations in your country allow for payment transactions using Bitcoin? To be able to make payment transactions - export & import - with Bitcoin, shouldn't both parties - countries - have the same regulations - allowing using Bitcoin as a means of payment - so that there are no problems in the future.
I really appreciate you for supporting the adoption of the use of Bitcoin, but as an entrepreneur I slightly advise you to be more careful because of fluctuations in Bitcoin price movements. Besides you have the potential to make more profits when the price of BTC rises, but you also risk losing when the price suddenly falls.

[VSYS Host]

Hi, tjtonmoy!

We have just released a new self-hosted and open-source crypto payment processor for E-commerce— SHKeeper (https://shkeeper.io/).

So you could set up accepting payments in multiple crypto with
NO FEES and THIRD PARTIES.

Now you can accept Bitcoin, Litecoin, and Dogecoin with SHKeeper. And we are currently working on updates. For example, USDT payments are planned to be implemented by SHKeeper in August 2022.

You could integrate SHKeeper with:
- Popular CMS and plug-Ins
- Any e-commerce
- your own code or product
- or use it as your own wallet

Here is a little more about the SHKeeper features:
✅ Multi-Currency
✅ Direct Crypto Payments
✅ Ability to Set Your Exchange Rates, Commissions, or Fees
✅ Crediting the Overpayment to the Balance
✅ Partial Payments
✅ Setting Auto-Payments Into a Cold Wallet
✅ No Transaction Fees
✅ No Third-Parties
✅ Increased Privacy and Security
✅ No KYC
✅ Non-Custodial
✅ Independent Software
✅ SegWit Support
✅ Easily Embed Payment Buttons
✅ Full Internal Wallet With Hardware Wallet Integration


You can try it!
It is open-source and available on GitHub.

If you need help with integration, write to us. We will be happy to help you!

[inthelongrun]

+88 means you are from Bangladesh? And bitcoin and other cryptocurrencies are not legal tenders in Bangladesh. Or do you mean that it is still called exporting even if you are selling them within your country?

If you are selling rice within your country and accept crypto payments then perhaps it won't be a problem and I salute you for that. Unless rules are very strictly implemented like in my country. But you better be extra careful sharing it in public because either the authorities will catch you soon or corrupt officials will ask for bribes.

Exporting rice to other countries with crypto payments will be very risky as proof of payments will be needed during an audit.

I am exporting from my town to whole country. Not to the world. Maybe you understand it wrong. And here's your answer on legal and illegal facts
https://bitcointalk.org/index.php?topic=5409470.msg60752789#msg60752789
i have explained it in this. please read it.

Thanks for the clarification. I'm glad that your country even if it is yet to officially call bitcoin and cryptocurrencies as legal tenders are already welcomed with open arms on regular transactions. I hope my country will follow as well. My country actually started stricter with our financial system including cryptocurrencies after that Bangladesh central bank heist of which some of the money was laundered in my country.

And just a little correction, export means selling outside of your country. So you are not exporting my friend. Good luck to your business and I hope it will grow big.   

[tjtonmoy]

Thanks for the clarification. I'm glad that your country even if it is yet to officially call bitcoin and cryptocurrencies as legal tenders are already welcomed with open arms on regular transactions. I hope my country will follow as well. My country actually started stricter with our financial system including cryptocurrencies after that Bangladesh central bank heist of which some of the money was laundered in my country.

And just a little correction, export means selling outside of your country. So you are not exporting my friend. Good luck to your business and I hope it will grow big.   

In the future, I may export outside my country. Who knows. Let's just start from the small things. And thanks for all your support. Hopefully in some years, BTC become legal, and I can expand my business with it.

[Republikcoin.com]

price volatility, maybe that will be the reason someone is reluctant to spend it and prefers to hold it
For that, a businessman who implements crypto payments must be prepared with the volatility of the bitcoin price, of course there will be a price adjustment for every bitcoin when a bull or bear moment occurs.

And usually business people who implement payments through cryptocurrencies such as Bitcoin are people who are very familiar with Bitcoin and also the risks, because when the potential profit can be greater, it is clear that the potential risk will not be less. So other adjustments besides the price of Bitcoin must also be considered by any businessman now.

[danadc]

When you start a business, one of the things you can do to attract attention is that all kinds of buyers go, be it to accept cash, in Western Union, remittances and everything that is in bitcoin, it would be better if they implemented bitcoin with LN to make it much better, people who don't like to have cash should do it this way.

in Ecuador I always go out to eat and I found a place where bitcoin is sold and accepted, as I have a small amount in my walllet de telf I bought some chokers, I didn't need them but to collaborate I did it, 'so they won't be disappointed and support everything related to bitcoin, I think that's one of our missions.

[alik111]

It's a great idea from you and I wish in every country Bitcoin and other digital currencies will be accepted as a payment method very aoon.

[serjent05]

I salute you for taking the courage to set up a business that accepts cryptocurrency payment in a country where cryptocurrency is "illegal".  Though I wonder why trading and owning cryptocurrency is legal though.  The matter of cryptocurrency in your country is somehow confusing but I wish your business to boom and that the issue with cryptocurrency in your country will not stay in a gray area.

[Retiicle]

It feels really good to see small businesses offering crypto as a payment method. Cryptocurrencies are finally actually being used for the purpose it was created. I am happy that I also took this bold decision and added Capital Wallet payment gateway on my website. Have received such a positive response from my clients and it has also reduced the transaction costs. Most importantly, I get my funds faster.

[KennyR]

It feels really good to see small businesses offering crypto as a payment method. Cryptocurrencies are finally actually being used for the purpose it was created. I am happy that I also took this bold decision and added Capital Wallet payment gateway on my website. Have received such a positive response from my clients and it has also reduced the transaction costs. Most importantly, I get my funds faster.

Congratulations on the effort and staying positive with the acceptance of bitcoin into your business. The growth is happening all around in a better way and these are small examples that shows the increasing real time usage. For now bitcoin acceptance might not be more popular around, but this will turn to be much used in the future. What the small businesses like OP and you do will surely be a key change for other business people to follow.

[danadc]

I come from a country where the government steals all your freedoms and that is annoying, when there are no laws that can protect you for doing something that can generate money, if you don't give to the government and pay very high taxes, the government takes away your business, that's what they did with the bitcoin mining business.

When I see that there are people who do not take into account the threats of a government that go against cryptocurrencies and do so, for me they are heroes, and they have my full support, what many took advantage of in my native country was that ignorance of their police forces and officials did not know.