What's your reason for accepting bitcoin as a payment?

[Outhue]

I have a business that I am running for years now and I accept Bitcoin as means of payment from those who want to use Bitcoin to settle me but I did all this to help spread the news about Bitcoin around my City, so far, I have manage to create many awareness, university students now pay me in Bitcoin to get their new designer clothes 👗 ready up, I also like how some are not interested but they still ask questions what Bitcoin is all about, I have no other reason.

[1715123198]

1715123198

[Little Mouse]

You already have answered the question and you are looking for more reasoning. Well, back in the day, we used only cash before we had any other method. Then we got cards. People don't carry cash. Merchants had to accept card payments. Otherwise, they are losing customers. The same goes with bitcoin too. If they don't accept they are actually losing some potential customers. Don't you think it's the only valid reason?

For unbanked people, they will see chance to use cryptocurrency and get access to merchants as well.

I don't have a bank account. I'm almost trying to go all in crypto, can't because crypto is illegal here. If any merchant would accept bitcoin, I would gladly go there and spend some BTC for my necessary things.

[Fuso.hp]

‌There are many reasons to add Bitcoin as a different payment medium because we see that there are currently many countries where people prefer online transactions instead of paper money. As a result, people can easily make their own transactions or payments through Bitcoin, the risk is very low. Many times we can see in the news that many bank services or various mobile banking are scammed as a result of which customer points lose their assets but there is no such possibility in Bitcoin and it is safe.

[kryptqnick]

Merchants need to accept payments for which there is a good demand, so that they don't lose customers and potentially gain more. I think that's pretty much the key reason for accepting Bitcoin as a merchant, but of course a merchant can just be a pro-Bitcoin person who wants to accept Bitcoin to spread awareness. I also heard of cases where small businesses put their capital into Bitcoin, so perhaps one could say that another reason to accept Bitcoin as payment is to then accumulate it and hope to gain more profits from sales once Bitcoin grows in value. I'm not a merchant, but I'm okay accepting Bitcoin and spending Bitcoin just as a cool form of currency out there. I appreciate that it's not controlled by any authority or affiliated with any state.

[Artem Sereda]

It's comfortable. It is much easier for many clients to pay for services with cryptocurrency. Now there are many ways to do this. Various plugins and crypto processors. They allow you to accept a large number of cryptocurrencies without commission. Allows you to set up partial payments, crediting the overpayment to the balance, no KYC, non-custodial, SegWit Support. So why not start accepting crypto? A good option is this crypto payment processor

[isaac_clarke22]

~

It is beneficial either way or just the usual win-win situation. It is more like organizations are taking their initiative in accepting crypto as "alternative payment" method. There's like no downside into accepting cryptos like Bitcoin as an alternative payment method anyway.

If you have the means to accept payments from crypto, just do it. It is just easy to setup. In my clothing shop, I am planning to accept crypto still but I just do not have the time to spare to setup due to my full-time work.

[DiMarxist]

 My client paid me Bitcoin I will comfortable accept cryptocurrency because I know the value of Bitcoin, I know the things Bitcoin will do for me.If I get Bitcoin as payment I know my entire generation will change instantly. There are many reasons to add Bitcoin as a different payment medium because we see that there are currently many countries where people prefer online transactions instead of paper money.Another reason is the ability to gather together bitcoin. main reason because if we compare it with transfer fees between traditional banks is bitcoin fees are very small.

[Sanitough]

too many reasons if we think about it, but what I often think is they accept bitcoin or cryptocurrency to expand their market, and make their payments easier. You know that it's quite difficult to make transactions if your target is international. bitcoin or altcoins will make that transaction easier. however, its other goals are also to increase profits, as well as accumulating assets while doing business.

It could be true, aside from promoting bitcoin into the people so they will also know how beneficial bitcoin will be. Through bitcoin payment method, the transaction becomes more fast and more convenient compared in fiat. Also, you are accepting bitcoin so you can grow your portfolio as well and keep them hodling until their value reaches its high peak.

[Fivestar4everMVP]

In my business, I am always open to my customers and I allow them the chance to choose their medium of payment for my goods and services, though at the moment, it's pretty hard to see a customer who would be interested in making payment in bitcoin after buying goods from me, this I understand to be because most of the people buying bitcoin aren't buying it to spend it on payment for good and services, but to keep it for future profits.
I've had a customer tell me one time that he owns bitcoin and would have loved to pay for the goods he bought from me with it, but he hasn't made any profit on it yet, so for this, he preferred to pay me in fiat(our traditional currency).

[Flexystar]

Organisations, medium businesses and small businesses are accepting crypto, not rapidly but it's growing naturally. Customers are asking merchants to accept crypto as payment for services they are providing.

Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.

What's your reason? 

I am not sure, but this is first time I am reading that there are customers who are asking the merchants to accept the payments. I am surprised but at the same time I am very happy to read about it. If this is true story then yes we are moving towards good economical circle and we are winning the bid already.

However, there still remains many questions such as what is the source of above information. Was there any valid survey for the same which made you think this way?

In my business, I am always open to my customers and I allow them the chance to choose their medium of payment for my goods and services, though at the moment, it's pretty hard to see a customer who would be interested in making payment in bitcoin after buying goods from me, this I understand to be because most of the people buying bitcoin aren't buying it to spend it on payment for good and services, but to keep it for future profits.
I've had a customer tell me one time that he owns bitcoin and would have loved to pay for the goods he bought from me with it, but he hasn't made any profit on it yet, so for this, he preferred to pay me in fiat(our traditional currency).

Yes definitely this could be true because you know this from your own experience itself. Merchants are always trying to be smarter with multiple payment acceptance so that every type of customer can be attracted.

With the tag of "bitcoin accepted here" its but obvious that merchant will have rush of crypto lover at the first glance while others will be curious about the payment system and they may or may not ask what it is or how to do it. But we are surely moving towards the positive environment.

[Rockson1]

I think accepting bitcoin as a means of transactions in our small and medium business is a very good one but if only the means of transactions to your country currency is available, it all depends on the individuals that owned the business if only he understand how to run that business with bitcoin because it is very expensive, I think most should be big Chopin malls and supermarkets where u buy in large quantity that can suit the transactions,in my country I think they are  accepting bitcoin in so many big shops as means of transactions an is a welcome development.

[teosanru]

Organisations, medium businesses and small businesses are accepting crypto, not rapidly but it's growing naturally. Customers are asking merchants to accept crypto as payment for services they are providing.

Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.

What's your reason? 

My reason to accept crypto payment will obviously be anonymity. Who doesn't likes less taxes? Payment mades here will be anonymous and anyways I always invest a certain amount of money in Cryptos, this money will directly go into Cryptos as an investment and nothing else. For some people like especially dealing in digital goods it becomes the cheapest alternative for cross border payments as well.

[Ultegra134]

Personally, I'm not sure if I'd use Bitcoin as a means of payment. I've used it in the past, but it's way too valuable for me to use it. Businesses, however, could use it as a way to promote not only cryptocurrencies but themselves as well. This move could potentially attract cryptocurrency users and open up a new target group, promoting its growth. As I've already mentioned, I wouldn't use Bitcoin to make purchases, but I would visit a café or restaurant that accepted it in an effort to promote cryptocurrency-friendly businesses.

Thus, accepting cryptocurrencies would be beneficial for both sides.

[Botnake]

Organisations, medium businesses and small businesses are accepting crypto, not rapidly but it's growing naturally. Customers are asking merchants to accept crypto as payment for services they are providing.

Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.

What's your reason? 

Well, aside from merchants would want to take advantage on the hype and earn from it as well through payment system, it’s also known that customers find it more faster than other mode of payment transactions. And simply because those who have been earning quite significant amount in crypto would also want to spend it and buy the things that will make them satisfied and happy so they need to convince merchants too to accept bitcoin so they can pay using bitcoin.

[Distinctin]

I mean, that's pretty much it? The reason to accept a specific currency in general is so people that wanted to use it could pay using it. There doesn't need to be another purpose.

Obviously, it’s the best answer for OP’s question. Merchants accept bitcoin payment since there are a lot of bitcoin owners who want to spend using bitcoin too. That is also one way so that merchants can attract more customers, by accepting payment variants when paying. Also, it’s one effective way for merchants to continue accumulate bitcoin as well, as they will hold a lot of bitcoin and be able to sell them when bitcoin price reaches another all time high.

[serjent05]

One of the obvious reasons why I will accept Bitcoin as a payment is to cater to more audiences.  It is never a mistake to cover people who wanted to pay in a specific kind of currency.  There are communities that are dedicated to their cryptocurrency they wanted to promulgate the usage of it by using that cryptocurrency as a mode of payment and merchants should not miss these kinds of people or customers.  It is also one way of accumulating Bitcoin, instead of buying BTC on the market, a store will just accept it so that they don't only get Bitcoin but also get a profit from the product sold.