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Author Topic: Can you pay for car repairs with Bitcoin? Why not :)  (Read 714 times)
yudi09
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June 05, 2024, 11:15:54 AM
 #21

OP. It's a good application because there are many benefits for you and your business.
I can't do that in my business because we are prohibited from using Bitcoin as a means of payment.

Make sure to check that QR code from time to time though, there will be a day(though probably in the far future) where thieves will be changing the QR codes posted in public with their own wallet QR codes. This has already been happening but only online.
Good anticipation to remind OP that they could do that when we don't know about it so that when consumers pay using Bitcoin it no longer goes into our wallets as business owners.
This anticipation must be taken into account because the QR code is placed in an open place.

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June 05, 2024, 11:25:19 AM
 #22

It's lovely that the op offers not just an option to pay in BTC, but also a discount to encourage such payments. Car repairs often cost a significant amount of money, so Bitcoin transaction fees shouldn't be an issue (although I see that some disagree with that in the thread). It does depend on a country and prices there, as around $2 can be significant money in some places. Also, accepting Bitcoin as payment isn't allowed everywhere, so that also depends on a country.

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June 05, 2024, 11:46:01 AM
 #23

The fact that many people are curious and interested about bitcoin payment means many people will actually use it and avail of it, and because the news could spread, for sure those interested will speak it to others that they know, and thats when your shop will be swarming with customers that could pay using bitcoin. Maybe now there are no transactions made with bitcoin, but for sure it will eventually happen, and when things become better, you as an owner could hold those bitcoins and maybe catch a good movement in bitcoin price, which means you may earn more because of your assets. 
 
But of course, as a little reminder, you should be aware of the downsides or possible problems when it comes to BitCiin transactions, such as the high transaction fees and sometimes congested network, so you should be ready for that and have a solution or alternative to that so that the customer will not be a hassle and the business will go smoothly.

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June 05, 2024, 12:03:14 PM
 #24

Until now, I also think that when I have a shop, I might receive bitcoin as an alternative payment, and as a long -term investment for me. Unfortunately, in my country, this is not allowed, because the only legal exchange tool is a local currency, and if it is violated, there will be legal consequences. However, it is a pretty good step, so people have an interest in alternative payments, and may use bitcoin as the initial goal is made.

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June 05, 2024, 12:16:38 PM
 #25

After realizing the high bank fees at my PDR repair shop, I decided to add Bitcoin payment as an option. I noticed that my customers were interested in paying with Bitcoin after I put up posters in my shop. Although no transactions have been made yet, many customers ask me about the posters and how to pay with Bitcoin. I'm happy to introduce them to the world of digital currencies. In the past,I've shared my knowledge of Bitcoin with my friends, and I'm delighted to have the opportunity to do the same in my PDR shop  Cheesy







That's a very interesting thing to know that people are becoming very flexible with Bitcoins payments and usage all over the world. Some years ago people were taking Bitcoin very negatively especially the big business owners and investors.

But now people are becoming more flexible to Bitcoin because of the increase in popularity and usage over time. So it's now time to make things positive with BTC.

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June 05, 2024, 01:19:59 PM
 #26

How high the bank fees in your country? Huh

I don't think it could be higher than Bitcoin fees if we're talking about daily usage.

Right now the average Bitcoin fees around $2.5 per transaction, I consider it's really high especially if you live in a country where $2.5 is worth of 4 meals.

But, let's see how it goes, you're also show the Bitcoin address here which make anyone can check it anytime.

Adding bitcoin as a payment method for the store is encouraging as it will help bitcoin become more popular. But I have to agree with you that the OP is somewhat dishonest in saying that bank fees are high and cheaper than bitcoin's transaction fees.

I don't know what country he's from, but in my country, transferring money using a banking app has almost no fees, let alone higher bank fees than bitcoin.

Second, he said that bitcoin payments have received a lot of attention but no transactions have been made yet. It seems like people just find it strange that his store accepts bitcoin payments, but no one wants to use bitcoin to pay. More time is needed to assess the real impact of this.

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June 05, 2024, 01:48:03 PM
 #27

How high the bank fees in your country? Huh

I don't think it could be higher than Bitcoin fees if we're talking about daily usage.

Right now the average Bitcoin fees around $2.5 per transaction, I consider it's really high especially if you live in a country where $2.5 is worth of 4 meals.

But, let's see how it goes, you're also show the Bitcoin address here which make anyone can check it anytime.
Well, that's not the point, the question is using bitcoin, it's up to each person to determine their individual situation, those trivialities that they mention exist, but they don't have to be general cases but specific ones.

In any case, that address may be the hook and every time an interested party pays you, you change the address, who knows.

The issue here is the message, pay or receive bitcoin. Let the options exist and the individual decides.

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June 05, 2024, 02:04:32 PM
 #28

After realizing the high bank fees at my PDR repair shop, I decided to add Bitcoin payment as an option. I noticed that my customers were interested in paying with Bitcoin after I put up posters in my shop. Although no transactions have been made yet, many customers ask me about the posters and how to pay with Bitcoin. I'm happy to introduce them to the world of digital currencies. In the past,I've shared my knowledge of Bitcoin with my friends, and I'm delighted to have the opportunity to do the same in my PDR shop  Cheesy
Its a very good innovation and one that will also help you easy some hassle around payments especially when the regular banks are messy on certain days, you are definitely going to be a best bet for car fix because they can be sure you always do have system of payment that helps them go through with the hassle of banking hitches but then your challenge is going to lay with who bears the charges for gas fee on the block chain as they transfer bitcoin to your wallet to make payments and also time of confirmation , except you will be using the block chair site to making your confirmations.

Due to the tact that some persons may not be to knowledgeable about bitcoin and may not be able to properly explore the bitcoin payment option, it will be much more better to allow them still use the regular payment system such as with fait, bank and probably other regular payment systems available within your region and jurisdiction, bitcoin payment is actually a very innovative way of making payment but then a single mistake could cause total loss of funds and you not been able to recover such funds so extreme care and caution should be applied when trying to explore such payment system.

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June 05, 2024, 02:20:02 PM
Last edit: June 05, 2024, 02:33:57 PM by cryptoWODL
 #29

Smart move. Accepting bitcoin payments as an alternative to PDR repair shops is a very nice move. Since this is a unique method, many people may be interested in paying in this method. You shared link to a post explaining to students about Bitcoin in the classroom by writing on the white board which I found most wonderful. I had the same attempt as you but I don't want to teach them about Bitcoin right now because the people I teach are young maybe in a year or two I will teach them about Bitcoin.

OP should explain exactly how people will pay with bitcoins after your PDR repair shop accepts bitcoins so that they can pay bitcoins easily. Because many people are still ignorant about bitcoin and how to trade bitcoin. However, paying bitcoins to the wallet you use to accept bitcoin payments requires a lot of fees. So if you use LN instead of that wallet then customers can make bitcoin payments with lower fees. It is your consideration.

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June 05, 2024, 02:47:57 PM
 #30

After realizing the high bank fees at my PDR repair shop, I decided to add Bitcoin payment as an option. I noticed that my customers were interested in paying with Bitcoin after I put up posters in my shop. Although no transactions have been made yet, many customers ask me about the posters and how to pay with Bitcoin. I'm happy to introduce them to the world of digital currencies. In the past,I've shared my knowledge of Bitcoin with my friends, and I'm delighted to have the opportunity to do the same in my PDR shop  Cheesy




Congratulations, it's great to see that your store accepts bitcoin payments. But you will definitely succeed in it because slowly everyone will start making Bitcoin payments. Everyone would love to have bitcoin payments in your business but you should accept bitcoins in a solid wallet. Since you will be using it for a long time, it is best to use a good software or hardware wallet. You will surely succeed if you continue.

I think it is always a case of curiosity killed the cat, and am sure you do enjoy the position and status that comes with having crypto currency and Bitcoin knowledge I'm general as well as how to properly receive and store coins and make them secure in a wallet.
You are more or less an ambassador of Bitcoin and I know that with time, more of these interested customers would get to actually perform their payment transaction in Bitcoin, just as you have stated.

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June 05, 2024, 02:52:06 PM
 #31

The more we we are making use of bitcoin in our daily business transactions the more this helps the network go more bigger and the governments will have no more objections in going against the use of bitcoin, this could also be a menas to ensure they also have another contrary opinion from the one they used to, concerning bitcoin adoption a d use as a legal means of payment and for for fraudulent activities ad they have always assumed, we need to take bitcoin down to our various local levels, whereby people around us could got served with reasons why they should also join in bitcoin adoption.
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June 05, 2024, 02:59:05 PM
 #32

It's a great idea , paying with crypto will be a lot sweet, if the customers are into crypto. But for customer who are first timer, they may find it difficult to use it even when they are introduced to it.
What would have seek good is that if the seller also have a place where he can buy with crypto, this circle will help users to fill comfortable while using their crypto without any thought of converting to fiat.

That been said, the issue of volatility has to be put in consideration, knowing that the value can change and that may affect your spending st the moment.
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June 05, 2024, 04:35:45 PM
 #33

Bank transaction fees are never higher than Bitcoin. Bitcoin transaction fees are still high. It doesn't matter you are accepting payment in bitcoin for your repair center it is a modern payment medium it is appreciated.  In this case a customer will get multiple payment options to make payment to your repair center. Maybe more customers will be interested in receiving your services. Keep it up mate its a good initiative.

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Mia Chloe
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June 05, 2024, 05:36:30 PM
 #34

Bitcoin transactions can be quite exciting especially for a crypto newbie and a lot of persons love to try it out however unfortunately it could be possible in some cases while also impossible in some other cases. There are a lot of factors that have to Fall in place to be able to conveniently make Bitcoin transactions easily. I believe the most important of these factors is the state of legality of Bitcoin or other crypto transactions in that country.

In countries where Bitcoin is a legal tender, you can easily find shops and businesses that accept Bitcoin as a form of payment. However the reverse is the case in countries where crypto currencies are viewed as illegal. Sometimes making purchase with Bitcoin transaction also depends on the commodity in question as sometimes it can appear uneconomical for goods or services with relatively lower prices.
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June 05, 2024, 05:44:39 PM
 #35

Bank transaction fees are never higher than Bitcoin. Bitcoin transaction fees are still high. It doesn't matter you are accepting payment in bitcoin for your repair center it is a modern payment medium it is appreciated.  In this case a customer will get multiple payment options to make payment to your repair center. Maybe more customers will be interested in receiving your services. Keep it up mate its a good initiative.
This is the first time I see someone taking payment in Bitcoin for his car repair center.  I am very much interested in paying in bitcoin but unfortunately bitcoin is still illegal in my country so there is no possibility to accept or provide any service in bitcoin here.  In my country anyone who publicly uses Bitcoin or invests in Bitcoin is subject to legal action. those who can directly buy something with bitcoins or receive services or provide services with bitcoins are very lucky indeed. I want to be like them but my religion makes me stay away from them.

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June 05, 2024, 06:17:02 PM
 #36

After realizing the high bank fees at my PDR repair shop, I decided to add Bitcoin payment as an option. I noticed that my customers were interested in paying with Bitcoin after I put up posters in my shop. Although no transactions have been made yet, many customers ask me about the posters and how to pay with Bitcoin. I'm happy to introduce them to the world of digital currencies. In the past,I've shared my knowledge of Bitcoin with my friends, and I'm delighted to have the opportunity to do the same in my PDR shop  Cheesy

Why only limit this to car repairs and some grocery payments on any service or product if there's an additional discount I would love to pay with Bitcoin but considering the market situation only, I would recommend that they only support the Bitcoin network, and transection fees are too high. Sometimes such discounts encourage people to get regular interest in Bitcoin. In this style if you are familiar with the crypto market especially with Bitcoin it can be turning point for your financial lifecycle.

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June 05, 2024, 07:17:55 PM
 #37

That's great. 
This will definitely promote the use of Bitcoin and cryptocurrencies in your area and even if it's not a lot, it will surely help increase the adoption a little bit. Some people might even start researching Bitcoin and start using it if they see they are getting discounts everywhere for paying with Bitcoin and this can further increase the adoption in your city.

To have no loss in your business, I would suggest that you keep converting the assets you receive in stable coin right after you receive them because the market is usually volatile and you may lose some money if you don't do it on time and the price drops unless you are willing to hold them for long term.

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June 05, 2024, 07:56:28 PM
 #38

I think that it's a great idea. Don't be discouraged if people won't choose this option and keep the sign. Eventually some bitcoiners will come your way and maybe even donate to support your business.

With bitcoin payments it's like this: 90% of your clients won't notice or won't care., 9% will ask about it and never do anything, 1% will pay you in bitcoin, but that 1% is so satisfying. Many of these people want to share their interests. They will not only pay you using bitcoin, but will invite you to meetups, maybe offer to promote your business. Small steps my man.

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June 05, 2024, 07:57:41 PM
 #39

Nice ideas,

Your offer with 5% discount when making payment transaction trough bitcoin will make many people interested with this kinds of payment but you must use segwit wallet how to make transaction fees lower. Actually your ideas is fantastic with accepted bitcoin as payment transaction for car repairs because directly you have promote to your costumer using bitcoin as digital payment currency transaction. Get offering with bigger discount will make them interested by using bitcoin as payment way but you need guide them how to make transaction with bitcoin and better with the same network of sending bitcoin will make lower fees for transaction.

You can accept payment directly trough exchange of bitcoin wallet with internal sending and not paying fees yet because every time of bitcoin transaction taking around $2 until 10$ for paying fees depend on network.

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June 05, 2024, 08:05:01 PM
 #40

Good on you!

Make sure to check that QR code from time to time though, there will be a day(though probably in the far future) where thieves will be changing the QR codes posted in public with their own wallet QR codes. This has already been happening but only online.
I suggest not having your address just printed out and pasted on the wall like this. Instead, why don’t you prepare a card or a signage that has the qr code but you will only take it out once the customer is paying. It’s very easy to remove your paper and paste it with something else. You can also laminate the card I am talking about so it’s not just a paper.









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