Got a discount for paying with Bitcoin. Are merchants waking up?

[d5000]

I recently renewed a domain and was pleasantly surprised to see that payments with Bitcoin got a 3% discount.

As 3% is a common credit card fee for merchants (in my country they charge up to 7-9% approx.), so this is only a logical consequence that a Bitcoin payments saves this fee for them. But it's the first time I saw that as long as I remember. To be fair, BTC was not the only option with a discount, stablecoins and bank transfers were rewarded too. Which is also understandable.

Did you folks get some sort of special offer for a Bitcoin payment? Poll is online

I could even imagine larger discounts in some cases if merchants realize that at least some tech-related merchants could attract a loyal customer base. Above all if they accept Lightning, Ark or any other layer-2.

Merchant adoption of Lightning and Bitcoin in general would be huge, I think. We can forget about Saylor if this type of adoption continues

[Faisal2202]

They are not saving money for themselves but giving it back to the customer, which is fair play and a smart move for a merchant. Although they are not waking up just now, I am sure you have also read so many topics created or posts made here that shared the same thing about how paying in BTC has not only saved them from extra fees but also given them a discount.

I have been doing some online shopping like buying some services but did not get this discount yet, but it has saved me from a lot of hassle and I consider that a discount haha. But I am glad you are happy about the discount because merchants could attract a lot more people this way if they want. Haha that was a nice one about Saylor though, but I think we are not forced to remember him, he has just become a figure at this point.

[lodocus]

Given that Bitcoin’s value has been going down rapidly these days, if a website is still offering the option to pay with Bitcoin at a 3% discount, it means Satoshi has achieved something very big  . In fact, this should be Bitcoin’s primary purpose. It wasn’t created just for us to buy and set aside; it was introduced to serve as an alternative to credit cards, cash, and other payment methods. Bitcoin’s true purpose is to facilitate payments.

Unfortunately, accepting Bitcoin payments is prohibited in my country, so I can only see this option if I’m purchasing something digital from abroad. Still, if I had the chance, I would definitely pay with Bitcoin.

[DiMarxist]

This is a smart move from the merchants apart from the three percent discount fee which applies to paying with Bitcoin as you have said. I want to look at it from the point of view that Bitcoin is gradually becoming a better option for payment because of its quick and fast payment nature. More merchants are gradually integrating Bitcoin into their payments systems because of the convience that Bitcoin offers . Bitcoin is a future payment system which is gradually taking over traditional systems that merchants we were used to.

[Fortify]

I recently renewed a domain and was pleasantly surprised to see that payments with Bitcoin got a 3% discount.

As 3% is a common credit card fee for merchants (in my country they charge up to 7-9% approx.), so this is only a logical consequence that a Bitcoin payments saves this fee for them. But it's the first time I saw that as long as I remember. To be fair, BTC was not the only option with a discount, stablecoins and bank transfers were rewarded too. Which is also understandable.

Did you folks get some sort of special offer for a Bitcoin payment? Poll is online

I could even imagine larger discounts in some cases if merchants realize that at least some tech-related merchants could attract a loyal customer base. Above all if they accept Lightning, Ark or any other layer-2.

Merchant adoption of Lightning and Bitcoin in general would be huge, I think. We can forget about Saylor if this type of adoption continues

Well Bitcoin is not entirely immune to fees, first there's a fee for sending to the merchants wallet and depending on which platform they use, there will be a fee for cashing out to another party, I can see this rivaling these 2-3% card fees but maybe it scales more favorably when the item costs more the fee stays down. What is the merchant offering this discounted fee? If you name them but don't link to them, then I'm sure many other users here would appreciate it. It's a very rare occasion to see a bitcoin discount and when you're talking about domains that cost ten dollars, that's a saving of about $0.30 - good but not exactly going to sway people necessarily.

[Ucy]

Peer-to-peer transaction without middlemen can help lower cost, especially for international buyers, hence the discount, maybe.
That could also serve as incentive to attract loyal Bitcoin users. And any auxiliary Bitcoin system would make it even cheaper and viable for local transactions which usually cost smaller fees.

The merchants could indeed attract longterm loyal customers who are unlikely to be affected by too much policy changes if they also focus specifically on good and affordable nomad tech, gadgets, homes, foods, animals, internet/call credits, etc. But certain tech or gadgets like phone, laptop etc could be bought and registered with privacy friendly kyc alternative like Decentralized Personal Identification (anonymity-friendly) Numbers to help track users who misuse the products in very bad way

[samaney]

I recently renewed a domain and was pleasantly surprised to see that payments with Bitcoin got a 3% discount.

As 3% is a common credit card fee for merchants (in my country they charge up to 7-9% approx.), so this is only a logical consequence that a Bitcoin payments saves this fee for them. But it's the first time I saw that as long as I remember. To be fair, BTC was not the only option with a discount, stablecoins and bank transfers were rewarded too. Which is also understandable.

Did you folks get some sort of special offer for a Bitcoin payment? Poll is online

I could even imagine larger discounts in some cases if merchants realize that at least some tech-related merchants could attract a loyal customer base. Above all if they accept Lightning, Ark or any other layer-2.

Merchant adoption of Lightning and Bitcoin in general would be huge, I think. We can forget about Saylor if this type of adoption continues

Even FX brokers are accepting crypto. Like AAAFX.

[o48o]

I recently renewed a domain and was pleasantly surprised to see that payments with Bitcoin got a 3% discount.

As 3% is a common credit card fee for merchants (in my country they charge up to 7-9% approx.), so this is only a logical consequence that a Bitcoin payments saves this fee for them. But it's the first time I saw that as long as I remember. To be fair, BTC was not the only option with a discount, stablecoins and bank transfers were rewarded too. Which is also understandable.

Did you folks get some sort of special offer for a Bitcoin payment? Poll is online

I could even imagine larger discounts in some cases if merchants realize that at least some tech-related merchants could attract a loyal customer base. Above all if they accept Lightning, Ark or any other layer-2.

Merchant adoption of Lightning and Bitcoin in general would be huge, I think. We can forget about Saylor if this type of adoption continues

I can't even remember, i used bitcoin to buy such a long time ago that you could say that i gave them bitcoin with a huge discount. That obviously only applies in a situation where retailers would have kept it, which they never did, as they all use 3rd party services that sells it and gives fiat money to retailer instantly.

I might use stablecoins for 3% discount, but not bitcoin. BTC is currently fluctuating more in one day. So i can't even tell if i am technically getting more discount when bitcoin drops tomorrow, or am i paying more if it immediately raises 10% after purchace.

[joniboini]

I believe so, at least whenever I pay my VPN I'll get a 10% discount if I paid with Bitcoin. Not sure if other merchants do that, but basically I can save around $0.5 per month if I paid with Bitcoin. Not sure if other countries enjoy the same discount though. Maybe the rate is lower but the incentive to use crypto exist. Can't say the same about other digital stuffs I regularly buy though. Even if they offer crypto payments discount usually happens around the same time other methods have discount, so there's no tangible encouragement to use crypto.

[Cryptomultiplier]

I recently renewed a domain and was pleasantly surprised to see that payments with Bitcoin got a 3% discount.

As 3% is a common credit card fee for merchants (in my country they charge up to 7-9% approx.), so this is only a logical consequence that a Bitcoin payments saves this fee for them. But it's the first time I saw that as long as I remember. To be fair, BTC was not the only option with a discount, stablecoins and bank transfers were rewarded too. Which is also understandable.

Did you folks get some sort of special offer for a Bitcoin payment? Poll is online

I could even imagine larger discounts in some cases if merchants realize that at least some tech-related merchants could attract a loyal customer base. Above all if they accept Lightning, Ark or any other layer-2.

Merchant adoption of Lightning and Bitcoin in general would be huge, I think. We can forget about Saylor if this type of adoption continues

Since a credit card company that would normally take a cut wasn't involved in the transaction, you simply earned that percentage that would normally go to them as third party and that's the 3% discount you got.
There's no middle man in this case and this means if merchants were to adopt this method of payment, a new parallel economy will be created that is free of censorship and frictions in the medium of exchange.

[d5000]

I am sure you have also read so many topics created or posts made here that shared the same thing about how paying in BTC has not only saved them from extra fees but also given them a discount.

No, it's the first time I see it, at least in the last five years or so. It's possible that in the early days (2011-14) when there were some merchants who first accepted Bitcoin offered a discount though.

But then for a long time it seemed there were fewer merchants accepting Bitcoin each year. Now it seems that they're slowly coming back. Possible due to better merchant platforms.

What is the merchant offering this discounted fee? If you name them but don't link to them, then I'm sure many other users here would appreciate it.

It's Dynadot. Of course it makes a real difference only if you renew or buy several domains. But then it could lead up to an important saved amount.

[davis196]

I recently renewed a domain and was pleasantly surprised to see that payments with Bitcoin got a 3% discount.

As 3% is a common credit card fee for merchants (in my country they charge up to 7-9% approx.), so this is only a logical consequence that a Bitcoin payments saves this fee for them. But it's the first time I saw that as long as I remember. To be fair, BTC was not the only option with a discount, stablecoins and bank transfers were rewarded too. Which is also understandable.

Did you folks get some sort of special offer for a Bitcoin payment? Poll is online

I could even imagine larger discounts in some cases if merchants realize that at least some tech-related merchants could attract a loyal customer base. Above all if they accept Lightning, Ark or any other layer-2.

Merchant adoption of Lightning and Bitcoin in general would be huge, I think. We can forget about Saylor if this type of adoption continues

I don't buy domain names and hosting, but I do remember that there are hosting and DNS providers, that accept cryptocurrency payments.
For some reason the online hosting industry is more crypto friendly than other online businesses. I've never had the chance to use a discount, when I pay with BTC, but I don't want to spend my BTC for goods and services. I also definitely don't think that "merchants are waking up" and Bitcoin is about to be widely adopted as a payment option by businesses, that weren't crypto friendly years ago. A 3% discount is close to nothing.

[Peanutswar]

Well its a good news that they have seen the potential of Bitcoin as a payment, and imagine its a discounted with 3%. Apparently, right now is most of the payment we have here in my country is its just an equivalent price no discount at all. Sometimes, if it's an international card even its a crypto card there is a charge of approximately 1-1.3% because of the terminal fees, which is against the law but still some stores are keep doing this kind of activity.