I run a small business and I receive payments for my goods in fiat currency. So joining this bitcointalk forum has really enlightened me about the advantages and gains of trading and investing with bitcoin. So going a step further, I decided that I want to place adverts that customers can have the option of making payments when they buy goods in my shop with bitcoin. But I decided to first seek the opinions of experienced people who are into bitcoin, they encouraged me to go ahead, also to be cautious of bitcoin high transaction fees. I did a little research on it and found out the inevitability of the high fees.
https://www.makeuseof.com/what-are-bitcoin-transaction-fees/ You have done well to incorporate Bitcoin into your business payment systems. This could be a medium to attract more customers to your business and on the other hand increase bitcoin awareness in your area. There might be network issues using bank transactions but Bitcoin is more reliable. The privacy and unrestricted transaction limit is also an advantage of using it in your business.
If Bitcoin transaction fees were deducted based on the transaction, then maybe no one would bother to trade Bitcoin. The fee for transferring $50 is the same as for transferring $1,000, which has become a major barrier for small traders in Bitcoin transactions. When Bitcoin transaction fees were normal, no one complained about these transaction fees, but suddenly, when the transaction fees increased abnormally, it became very difficult for small traders. Small traders will find more incentive to invest in Bitcoin if transaction fees return to normal.
Small business owners shouldn't consider using Bitcoin for receiving payments for petty goods. The transaction cost will be too much that a fiat transaction would be preferable. Most of these small business owners are not aware of the lightning network, while others feel it is a bit complicated to use. Using Bitcoin for transactions will favour big businesses. The transaction fee is indeed a major impediment to the use of Bitcoin as a legal tender. For now, using it as an investment is the best option for people like me.