Is it good to accept crypto as a payment?

[tjtonmoy]

Are you guys accepting crypto payments for your business?

I was accepting it few days back, but the government put a ban on crypto in our country. So I had to stop so that I don't wind up in jail for illegal use of crypto. But it is a great experience and joy to get crypto payments and teach those who are not aware of it. Inspire them to use it. It's a new thing to the people where I live and those who showed interest, they are still learning after I explained it to them.
So sure, if it's not banned in your country, and you are not facing any legal issues, then you can use it as a payment. It's a great experience for you and also your customers. Those who knew about crypto already and were able to pay in crypto, the joy they felt, I was able to see that in their faces.

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[letteredhub]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

Don't have to accept crypto as means of  payment in your business all because some other person's are doing so. First thing you need to check, is your line of business convenient and workable through use of crypto for payments,
For someone that's into automobile the difference can't be compared to a grocery sellers. Succinctly put, you don't expect a customer to buy a grocery of $20 only to pay it in bitcoin with attached transaction fee to it.

[Issa56]

Are you guys accepting crypto payments for your business?

It's a really nice idea accepting bitcoin as your payment method, but you should have basic knowledge about bitcoin and cryptocurrency before you start accepting bitcoin, you don't just have to start accepting bitcoin because you heard other people are accepting it, learn to know about it to be at a safer side.
I don't accept bitcoin as payment method because I don't own any business yet, but I believe later in the future I will get my business and I will definitely accept bitcoin as payment method.

[Rengga Jati]

There are positive and negative sides for sure. but when it's implemented and we can manage it, in fact, paying with Bitcoin has several advantages. moreover, at this time we also have several options so that payments with Bitcoin have a cheaper and faster transaction fee. One can also manage when they should cash out the Bitcoin or invest it. So that they can continue to get profits from both.

However, if you cannot manage it and you are a low-risk taker with high panic and worries, this is not a good idea, for, Bitcoin still has high volatility. So, you may feel dizzy every time the price drops after receiving the payment with Bitcoin. 
So, just consider the plus-minus of accepting this or not for yourself, based on your condition, not other people's idealism.

[Fara Chan]

Are you guys accepting crypto payments for your business?

Even though we haven't received it yet, talking about payments / wages received through crypto currency I think has made the growth of cryptocurrency increase, but here we haven't received it, because some of our places and business owners are still very comfortable with Fiat currency.

But this is not a problem, because everyone certainly has a different strategy, especially in using currency like this, maybe for now we haven't got it, and this use is of course related to state permission, which we already know that it hasn't evenly all countries that have legalized cryptocurrencies.

[noormcs5]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

Where do you see this report or news? Yes bitcoin adoption is increasing but not as fast as we think.

In most places of the world governments are still a hardle and people are not free to accept bitcoin easily in the businesses.

[romero121]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

Where do you see this report or news? Yes bitcoin adoption is increasing but not as fast as we think.

In most places of the world governments are still a hardle and people are not free to accept bitcoin easily in the businesses.

Amidst the lack of regulated support from the government, people have begun to add bitcoin acceptance into their businesses. In particular bitcoin acceptance into the business can be seen much on Nigeria in recent days from the small scale businesses. Western Nations have got more stores accepting bitcoin, here in Nigeria even a roadside fruit vendor accept bitcoin. Similar scenario needs to happen around the world.

[kro55]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

Don't have to accept crypto as means of  payment in your business all because some other person's are doing so. First thing you need to check, is your line of business convenient and workable through use of crypto for payments,
For someone that's into automobile the difference can't be compared to a grocery sellers. Succinctly put, you don't expect a customer to buy a grocery of $20 only to pay it in bitcoin with attached transaction fee to it.

There is no need to imitate others, but accepting cryptocurrencies as a means of payment is applicable to all industries as it only brings benefits without harm. It is true that when we spend a small amount, no one wants to incur additional transaction fees. But it will also be necessary in some cases, such as if you don't have cash at the time, then crypto can be a great alternative. Or crypto can also be a solution when you're selling to tourists, and they don't have your country's local currency.

[crypticj]

It's very convenient. Especially if you don't trust banks. I hold all my savings in crypto and that way government doesn't know how much money I have I'm now afraid that the bank will freeze my account or go bankrupt.
But the problem is because there are no crypto regulations right now, you might face some issues with the law/IRS if you will accept such payments. So be careful.

[Fullcoinese]

Are you guys accepting crypto payments for your business?

for those who know and use Bitcoin of course using it as a means of payment will be very enjoyable. unfortunately, I don't have a business for that. I am still an employee of a private company. but if companies could pay their employees with Bitcoin it would be great of course. but the current problem is related to the regulation of the use of digital currency (Bitcoin) as a means of payment that has not been legalized in several countries. Bitcoin is still considered an investment asset, and ownership is permitted but not for fiat as a means of payment.

[wxa7115]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

It should not be that surprising, a great deal of the purchases I make online are paid with bitcoin, and as bitcoin gets more popular then the number of payments made with bitcoin will keep increasing.

But even if it is a good idea to use our bitcoin in this way as this is the main purpose of bitcoin, do not forget to buy back all the bitcoin you spent whenever you can as to not reduce the size of your holdings, since each day that passes we are getting closer to the next halving.

[kizlod]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

It should not be that surprising, a great deal of the purchases I make online are paid with bitcoin, and as bitcoin gets more popular then the number of payments made with bitcoin will keep increasing.

But even if it is a good idea to use our bitcoin in this way as this is the main purpose of bitcoin, do not forget to buy back all the bitcoin you spent whenever you can as to not reduce the size of your holdings, since each day that passes we are getting closer to the next halving.

Well, that's the point of paying with BTC then, if you're gonna just refill it right away and spend money on fees while doing it? I think it's the way only if there are no other options than BTC, and you really need something that you're buying.

[uneng]

Are you guys accepting crypto payments for your business?

for those who know and use Bitcoin of course using it as a means of payment will be very enjoyable. unfortunately, I don't have a business for that. I am still an employee of a private company. but if companies could pay their employees with Bitcoin it would be great of course. but the current problem is related to the regulation of the use of digital currency (Bitcoin) as a means of payment that has not been legalized in several countries. Bitcoin is still considered an investment asset, and ownership is permitted but not for fiat as a means of payment.

I also don't own a business right now, since I'm studying, but if I had one or if I were employed in a private company like you, I would also accept being paid in bitcoin if they gave this opportunity, so I could convert the amount I need for daily expenses to fiat, keeping the rest in bitcoin for investment purposes. I plan doing this futurely, if I achieve the dream of graduating and starting in a new career, as employee or business owner.

[coinremitter]

The number of stores accepting crypto is surely going to rise because of the growing demand and use of crypto, so it is expected that most businesses would have to adapt for the sake of their customers who would want to pay them in crypto.

Accepting crypto payments is good if you do it well, and you have a good plan on what to do with the crypto you would be accepting, using a payment processor is a good way to add crypto payments into you business so you would not be affected by volatility. If only a small percentage of your customers are paying you with BTC, you can use that income as a form of dca to hold BTC for the long run, but to do that successfully you must be sure of the continuity of your business with the fiat income you are receiving. BTCpay is a recommended payment processor you can use to accept BTC in your business.

Sure do, but in terms of accepting payments, there are a lot of things to look after, such as KYC and processing fees. I would recommend another crypto payment gateway. Just look after it, maybe you changed your mind though. https://coinremitter.com/

Op, if you're referring to a particular article or a set of data, it would be great to add a link to the original post, so that we can discuss it more productively. If crypto payments are rising, it's wonderful. But is it measured by total volume or a number of transactions? Are there particular countries/regions that stand out in this regard? Are there particular goods/services or industries where these payments are rising more than in other areas? All those things would be great to know. A valid point was also raised in the thread about direct payments (self-custody) vs centralized services.
As for me, I don't have a business, but as a private teacher I would accept Bitcoin for lessons. However, everyone I know prefers fiat payments. Also, given that lessons don't cost much, transaction fees could be a significant part for such small transactions.

The problem you stated about transaction fees is a real deal. not only you but other merchants are also facing this problem as well. Other crypto gateways are charging at least 1% of processing fees. But this payment gateway is charging only 0.23% of processing fees. So that people or merchants like you can save more on your payments. Just go through this payment gateway, I hope it makes up your mind. https://coinremitter.com/

[moderator's note: consecutive posts merged]

[Kakmakr]

I do not have a business, but I make sure that I support the businesses that does accept it. This is very important, because if the consumers does not do that. these businesses will stop accepting Bitcoin as a payment option.

So for this reason I have accepted that my company can pay me a small percentage of my salary in Bitcoin and I take that are spend it on food at local merchants that accepts Bitcoin as payment option. 

[anjiitem]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

As long as the government can legalize bitcoin as a legal transaction tool, there may be more companies that pay, and companies that receive payments using Bitcoin as a substitute for Fiat. No need to question the value of fluctuations, confusion with Fiat can always be done to maintain the value of products or services.

But as long as the regulation still inhibits bitcoin for payment tools, maybe we will see more of bitcoin as an asset traded on the exchange than to see the use of bitcoin to buy goods.
But if I have a business, receiving Bitcoin as a means of payment is a very good breakthrough.

[bounceback]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

In the current era where almost everyone relies on technology in their daily lives, I think accepting bitcoin as a payment option for business people is certainly a good way because bitcoin can make it easier for buyers when they want to make payments without having to involve a third party and so far bitcoin has also it is proven that it is very effectively used as a means of payment, there is even a possibility that in the future we will see that all their business people will definitely accept bitcoin.

[coinremitter]

I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.

Are you guys accepting crypto payments for your business?

As far as doing business, I really want to use crypto as a transaction tool for the goods I sell to consumers, but the problem is the government's regulations are very strict regarding the use of transaction tools, which require the use of national money and that is fiat, and if I violate it, I will be punished. and pay a fine. So so far I can't use crypto or bitcoin as a transaction tool in my business except maybe when my business has a global market maybe I can do it, someone once offered me "why not secretly" I think it will give bad things if there is who reported it, so far I'm taking the safe route.

This is a kinda serious issue, as coming to us, we are providing the best crypto payment services to merchants. It doesn't mean we are encouraging you to accept crypto payments. You are doing a great job in taking a safe route. When your country allows you to accept crypto payments you can definitely accept them for goods you are selling. Till then just cross your fingers and wait.

[Jody.Drummer]

It depends on the condition of your environment and the condition of whether crypto has started to be accepted or not there.
It's actually not that much of a problem if it does accept payments via crypto and that's obviously very good as there are indeed a few threads now saying as well that they accept payments. But in this condition, we also have to see whether this is actually legal in your country because some people still don't allow it, which makes it possible for you to get into trouble if you do it.
It's still lucky if the regulations are still very good, but if it's not, I think it will only torture you.

[Warkop]

In various countries there are still those who use it but not in parts of Southeast Asia like Indonesia, it seems that no one has done that yet, but it's different doing business with rich people they might use crypto or fiat, but so far I see that most of them do it using fiat compared to using Crypto, so it all depends on where the person is doing business.