Making payments with Bitcoins

[Olatundespo]

Let's say that most wholesalers and retailers started receiving payment for goods bought with Bitcoin. What do you think can happen to the seller when the price of Bitcoin eventually drops and he or she is about to go to market to purchase more goods into his warehouse or stores. Should the buyer that made payment with Bitcoin pay an extra charges in a situation where the Bitcoin market is not looking favourable so that the seller will not run into lost.

That is the very reason why there's not much store that accept Bitcoin right now, it's because of it's volatility.

But Bitcoin is the best for investment. There is some fear in the product service due to price volatility but the holdings you get from accumulating Bitcoin regularly will become an important asset for the future. It may be reasonable for Bitcoin not to be traded retail like paper money. Think of Bitcoin as a valuable asset for long term accumulating that will become more valuable as the holdings increase.

[rezakurnia66]

Usually the seller or the top companies already accepting bitcoin as payment transaction will not hold for longer time bitcoin as the payment way for their business, after receiving bitcoin as payment transaction from their costumer will sell directly avoid if bitcoin price not stable and will drop later. Its can minimalize risk and the seller still get profitable during accept bitcoin as payment way how to make their costumer want to continue make transaction, payment trough bitcoin giving many option not only for seller its self but also for buyer can make payment easily than have using fiat or cash by bring much money in the pocket. But the seller earn much profitable accepting bitcoin as payment transaction during at lower price and when bitcoin recovering has possibility earn profit up to 5% to 10% in short moment.

[Peanutswar]

Well seems they arent holding the coins like we used to when we received our bitcoin on hand, now seems they are large institutions of course they wanted to immediately sold their asset as possible to prevent having a unrealized losses with the market volatility the other pros too of course of the bitcoin rise up. Possibly is they will use the third party application or software supported a direct conversion of the funds into fiat currency or stable coins.

[ultrloa]

Well seems they arent holding the coins like we used to when we received our bitcoin on hand, now seems they are large institutions of course they wanted to immediately sold their asset as possible to prevent having a unrealized losses with the market volatility the other pros too of course of the bitcoin rise up. Possibly is they will use the third party application or software supported a direct conversion of the funds into fiat currency or stable coins.

What actually common situation I've seen with transaction done by merchant is the BTC they receive from buyers is automatically converted to fiat/USD.

There are payment processors doing that and this is most convenient situation that's why maybe merchants doing it, since they also know that Bitcoin also crypto is volatile asset and any bad movement can affect their business.

This payment processor is commonly used by big brands https://www.bitpay.com/directory

[Jet Cash]

The answer to the OP's question is not simple. If he accept fiat payments, then he is certain to have depreciation of his receipts in real terms. So you have to qualify the drop, by stating the yardstick. Is it in relatiion to goild, commodities, or fiat - if it is fiat, then which currency? With regards to the comment about making an addition payment - what happens if Bitcoin appreciates, should the reverse be true? I accept Bitcoin payments for good as a means to build savings, so, for me, a drop in the fiat value of Bitcoin is good.

[MarjorieZimmermanGinger]

Let's say that most wholesalers and retailers started receiving payment for goods bought with Bitcoin. What do you think can happen to the seller when the price of Bitcoin eventually drops and he or she is about to go to market to purchase more goods into his warehouse or stores. Should the buyer that made payment with Bitcoin pay an extra charges in a situation where the Bitcoin market is not looking favourable so that the seller will not run into lost.

There is no agreement to pay an additional fee when a wholesaler accepts Bitcoin payments and I'm sure no customer would want to do so. That would be a risk for wholesalers when the Bitcoin price drops, as they should understand that Bitcoin is speculative and accepting Bitcoin in their business would be their sole responsibility. Another scenario could be to hold Bitcoin until the price rises again to achieve a profit, but they would need to set aside additional capital to repurchase goods for their store. Smart considerations are needed when accepting Bitcoin payments, as shop owners should also consider customer convenience rather than overcharging customers during transactions, as this could lead to customers abandoning their business and switching to other stores.

[RockBell]

But Bitcoin is the best for investment. There is some fear in the product service due to price volatility but the holdings you get from accumulating Bitcoin regularly will become an important asset for the future. It may be reasonable for Bitcoin not to be traded retail like paper money. Think of Bitcoin as a valuable asset for long term accumulating that will become more valuable as the holdings increase.

When it comes to investment bitcoin is a good option but for those that want to spend it's also not a bad idea but I always feel like this always favour in those that are holding than spending it, and  those that are still scared of bitcoin are still living in stone age, and if it is about how unstable the price of bitcoin have become that should not even be an issue at all because from the beginning if they have done there home well then they would not been having issues to have trust issue with trusting bitcoin.

And even when you tell people about investment they are always scared of losing there money and that mindset is not even right because they don't want to even take risk at all, and that will not even surprise people love there money so much that they are always over protective of it they should look for better ways to invest instead of them to just keep the money somewhere than to invest the money.

[Faisal2202]

Let's say that most wholesalers and retailers started receiving payment for goods bought with Bitcoin. What do you think can happen to the seller when the price of Bitcoin eventually drops and he or she is about to go to market to purchase more goods into his warehouse or stores. Should the buyer that made payment with Bitcoin pay an extra charges in a situation where the Bitcoin market is not looking favourable so that the seller will not run into lost.

Yes, the price of the goods should be adjusted to the bitcoin price; otherwise, one party (paying the bill) will be in profit while the other party (receiving the payment in btc) will be in loss. So to make it favorable and practical, the obvious way is to adjust the rates according to the updated rates. That's why every business that has bitcoin in it, they adjust their rates accordingly. For example, if you want to buy vpn, but that vpn costs 5 dollars in Bitcoin, you need to send $5 worth of bitocoin which they will calculate from CoinMarketCap or coingecko it depends which api they have used.

So every time the payment won't be the same but many sellers provide fixed rates too. It depends on what business they are in and how much they are making in any way. Some businesses know they are not going to get a lot of btc payers, so they keep the price fixed. But those who know they are going to get a lot of btc payers, they can't do it.

[Bastketsrus]

I think people accept what they know. It will be out of stupidity for someone to accept something into their business without proper knowledge of it, the risk that is involved, and the ways to maneuver it.

A wholesaler or retailer that accepts Bitcoin as a means of payment should be aware of Bitcoin's price volatility. He or she won't accept Bitcoin as another payment method without knowing that the price can fluctuate up and down, bringing forth profits or losses to them, and the way they can put a stop to their losses(convert to fiat), if the price is at declines

True, any business should understand what they’re accepting before using Bitcoin. Volatility is real, but it can be managed by converting to fiat when needed. With the right approach, it becomes just another payment option, not a risk they can’t control.

[Bastketsrus]

Usually the seller or the top companies already accepting bitcoin as payment transaction will not hold for longer time bitcoin as the payment way for their business, after receiving bitcoin as payment transaction from their costumer will sell directly avoid if bitcoin price not stable and will drop later. Its can minimalize risk and the seller still get profitable during accept bitcoin as payment way how to make their costumer want to continue make transaction, payment trough bitcoin giving many option not only for seller its self but also for buyer can make payment easily than have using fiat or cash by bring much money in the pocket. But the seller earn much profitable accepting bitcoin as payment transaction during at lower price and when bitcoin recovering has possibility earn profit up to 5% to 10% in short moment.

Yeah, most businesses treat Bitcoin payments more like a payment processor than an investment. Converting to fiat quickly helps them avoid price swings while still giving customers the option to pay with BTC. Any extra profit from holding a bit longer is just a bonus, not the main goal.

[Hatchy]

Let's say that most wholesalers and retailers started receiving payment for goods bought with Bitcoin. What do you think can happen to the seller when the price of Bitcoin eventually drops and he or she is about to go to market to purchase more goods into his warehouse or stores. Should the buyer that made payment with Bitcoin pay an extra charges in a situation where the Bitcoin market is not looking favourable so that the seller will not run into lost.

This has been major consideration for businesses that wishes to adopt BTC as a payment option. The idea is majority of them already have systems that allows stable coins but due to bitcoin price fluctuations which might not be good in terms of retaining their capital they just simply stick to stable coins alone. Some may also consider using the bitcoin they receive for business as a means to invest instead, so when customers ask for bitcoin payments option they don't necessarily need to convert but instead send it to their cold storage to top up their investments. It's even an easy way for them to accumulate without going through exchanges...

[YellowSwap]

Accepting Payment in Bitcoin is not for every business owner.

If you want to accept Bitcoin as means of payment you must know what you are doing.

1. Make up your mind to always swap any accepted Bitcoin to USDT as soon as the payment is been done by your customers, to avoid insta dump or Volatility few hours later, that's if this is what you want.

2. You are the only person who can decide if you want to hold Bitcoin for long term, some businesses out there have Bitcoin in holding, they turn it into a backbone of their company just like microstrategy and others have done.

Some businesses onwers will prefer to just hold the bitcoin or some part of it, mostly the gains from their business in Bitcoin, this is a good DCA. Strategy for any business owners, that decision is on you to make.

[Versatile_choice]

But Bitcoin is the best for investment. There is some fear in the product service due to price volatility but the holdings you get from accumulating Bitcoin regularly will become an important asset for the future. It may be reasonable for Bitcoin not to be traded retail like paper money. Think of Bitcoin as a valuable asset for long term accumulating that will become more valuable as the holdings increase.

This is the very reason why very few people actually make it in Bitcoin investment. People often mistake bitcoin to be some kind of a Ponzi scheme where you just put in money and start expecting some returns in the quickest time possible, what they fail to realize is that bitcoin is a long term investment which means only those who able to be patient and wait will actually benefit from the asset, there are no shortcuts, and trying to take a shortcut would only make you a gambler and not an investor.

[Donk1]

Let's say that most wholesalers and retailers started receiving payment for goods bought with Bitcoin. What do you think can happen to the seller when the price of Bitcoin eventually drops and he or she is about to go to market to purchase more goods into his warehouse or stores. Should the buyer that made payment with Bitcoin pay an extra charges in a situation where the Bitcoin market is not looking favourable so that the seller will not run into lost.

Hmm that's a very brilliant question to me  Well in my perspective all things being equal both the buyer and the seller would have to agree on it especially when the market isn't favourable. Basically though the market not being favourable doesn't concern the buyer but it will cost a huge loss to the seller especially if the buyer is purchasing expensive stuff/ items like smart phones. To me if I was the seller I will insist that the buyer exchange the money instead and just do normal bank transfer.

​Overall Bitcoin volatility is one of the minor issues apart from most folks not being aware ,that makes small business decide not to make use of it.... Though that's just my perspective but for real he or she will probably just make the payment in BTC at the agreed price no add up no increase that's all ....

[Patikno]

Accepting Payment in Bitcoin is not for every business owner.

If you want to accept Bitcoin as means of payment you must know what you are doing.

1. Make up your mind to always swap any accepted Bitcoin to USDT as soon as the payment is been done by your customers, to avoid insta dump or Volatility few hours later, that's if this is what you want.

2. You are the only person who can decide if you want to hold Bitcoin for long term, some businesses out there have Bitcoin in holding, they turn it into a backbone of their company just like microstrategy and others have done.

Some businesses onwers will prefer to just hold the bitcoin or some part of it, mostly the gains from their business in Bitcoin, this is a good DCA. Strategy for any business owners, that decision is on you to make.

Actually, any business owner can accept Bitcoin payments, but it all depends on the business. If the business still needs cash flow from sales (whether services or goods), they should immediately convert the received Bitcoin into stablecoins to avoid the price drop as you are referring to.

However, if a business owner doesn't need cash flow from their business, they can hold their Bitcoin for long-term storage, this is similar to running a business while investing, and I think it is a wise decision for those who can afford it. Ultimately, it all depends on the condition of your business, and you must be wise in making decisions, especially in business, just as investing should be done wisely.

By the way, I think everyone wants a profitable investment, and everyone wants their money to be useful for them at all times, especially during retirement. Therefore, I suggest you consider buying Bitcoin for investment. Even large-scale businesses have seen the enormous potential of Bitcoin; why don't you? So, whatever business you run, and whatever source of income you get, try investing in Bitcoin, even if you do it little by little according to your ability, it will be useful for you, even at any time, whether when you need the investment funds, or when you are old. Honestly, I really want it, and I will try my best in a few months.

[Emitdama]

Actually, any business owner can accept Bitcoin payments, but it all depends on the business. If the business still needs cash flow from sales (whether services or goods), they should immediately convert the received Bitcoin into stablecoins to avoid the price drop as you are referring to.

However, if a business owner doesn't need cash flow from their business, they can hold their Bitcoin for long-term storage, this is similar to running a business while investing, and I think it is a wise decision for those who can afford it. Ultimately, it all depends on the condition of your business, and you must be wise in making decisions, especially in business, just as investing should be done wisely.

By the way, I think everyone wants a profitable investment, and everyone wants their money to be useful for them at all times, especially during retirement. Therefore, I suggest you consider buying Bitcoin for investment. Even large-scale businesses have seen the enormous potential of Bitcoin; why don't you? So, whatever business you run, and whatever source of income you get, try investing in Bitcoin, even if you do it little by little according to your ability, it will be useful for you, even at any time, whether when you need the investment funds, or when you are old. Honestly, I really want it, and I will try my best in a few months.

Not in every nation. Like for example in my nation it's very doable to move money around between people because technology to notify that is so simple that you could just withdraw the cash to your account and just let it be know nowhere it came from, only when you cash out your crypto of course, not when it's as bitcoin, but when you sell and withdraw to your bank then you can easily do it on your bank app.

However, when it's a corporate, some business, making a profit by selling with bitcoin causes a lot of trouble with taxes because there is no official way to declare it yet.