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Author Topic: Help Me Convince My Boss To Accept Bitcoins  (Read 3738 times)
Lazer
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February 08, 2012, 01:14:43 AM
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I work for a company that manufactures industrial lasers in southeastern USA. I tried telling my boss about the benefits of Bitcoins and some of its problems. One obvious problem is the volatile and unstable price.
After I explained the problems, he's not very into the idea.

Any suggestions would be appreciated!
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BitPay Business Solutions
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February 08, 2012, 01:18:57 AM
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Lazer,

I actually know quite a bit about industrial lasers.  If you could find a payment system that allowed him to accept bitcoins, but without any volatility risk of holding bitcoins, do you think that would fly?  Meaning if he could accept bitcoins and end up with dollars in his bank account?

Check out our site, we can help

https://bit-pay.com


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Does your website accept bitcoins?
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February 08, 2012, 01:58:55 AM
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Good morning Mr. Boss. I was thinking about something last night. Remember when we were just a flashlight company and some young whipper-snapper came to your office to sell you on the idea of lasers? I distinctly remember you saying that there's probably only room enough in the whole world for a dozen or so lasers. Boy, I still recall the day you were proven wrong on that one, but look where we are now--the second largest laser manufacturer in America. At first, you only accepted cash or checks for our lasers. Then you accepted bank transfers, and finally credit cards. Now you list on eBay and accept PayPal. Hell, the other day you traded a laser for that SUV for your wife. Last year, the company picnic was paid for by one of our best clients, albeit in trade for a discounted laser. Now, it's not like we're going to get swamped with orders all because the company starts accepting Bitcoin, but the few small orders we do get will surely offer the office personal the ability to purchase great coffee from BitBrew and you buying alpaca socks to be given away as gifts. It's you son's 18th birthday next week, isn't it? Perhaps you'll buy him a computer with bitcoins before sending his happy ass off to college. All I'm asking is that you give it a shot. It won't hurt. If you happen to encounter a major lost, take it out of my check. You know I'm good for it. The best thing that could happen is that you'll be the first major manufacturing company to accept Bitcoin as a payment option. Once Bitcoin becomes mainstream, Acme Laser will be will ahead of the learning curve. As an added bonus, you'll be able to speak at the next Bitcoin convention, where I'm sure they'll let you set up a merchant table free of charge.

Thank you for your valuable time. I need to get to work now for I haven't clocked in yet. I felt it important to express this to you, once again, but on my time--not yours.

Sincerely,

Lazer.

Either use the above example as a guideline, or email the link to this post. Either way, I think it'll work.

~Bruno~
Lazer
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February 08, 2012, 03:43:25 AM
 #4

@Phinnaeus Gage: lmao, lol Cheesy

If you could find a payment system that allowed him to accept bitcoins, but without any volatility risk of holding bitcoins, do you think that would fly?  Meaning if he could accept bitcoins and end up with dollars in his bank account?
Check out our site, we can help

Read your link. So upon receipt of Bitcoins Bit-Pay converts them into a dollar amount and sends cash funds via Direct Deposit to a bank. And there is a 1% fee for this service.
I don't see why a third party is needed when company could just go through an exchange like tradehill or gox directly.
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February 08, 2012, 04:08:12 AM
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Read your link. So upon receipt of Bitcoins Bit-Pay converts them into a dollar amount and sends cash funds via Direct Deposit to a bank. And there is a 1% fee for this service.
I don't see why a third party is needed when company could just go through an exchange like tradehill or gox directly.

Convenience for those who don't want to be bothered.

Yeah, and depositing funds into an exchange account is not really a merchant service.  For example, it does not tell you:

- who just paid me?
- what did they pay me for?
- did they pay the correct amount?
- can I automatically act upon this order?

And the person needs to wait about an hour for the confirmation, then login and sell the bitcoins, and do a transfer.  What business owner wants to deal with all that?

Also what is the typical turnaround time to get money from an exchange into your bank account?  Bit-Pay sends the funds the next business day.  

If the business attempts a "do-it-yourself" approach I can guarantee they will be frustrated and just give up.  Our system is as easy as accepting credit cards, and the business gets a daily direct deposit like from their credit card sales.  Bit-Pay makes it work just like American Express, Mastercard, etc, so its very easy for any business to accept bitcoins without much hassle.

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Does your website accept bitcoins?
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February 08, 2012, 04:23:50 AM
 #6

Are you really charging 1% for all this, or did you conveniently forget to correct the OP on this point?

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Shuai
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February 08, 2012, 04:41:02 AM
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Are you really charging 1% for all this, or did you conveniently forget to correct the OP on this point?

Are you expecting them to do it for free?

1% sounds really reasonable, its still 2% lower than paypal and CC's.
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February 08, 2012, 05:00:10 AM
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Are you really charging 1% for all this, or did you conveniently forget to correct the OP on this point?

Are you expecting them to do it for free?

1% sounds really reasonable, its still 2% lower than paypal and CC's.

I think he was expecting them to charge more.

We spent $10,000 on a booth at CES to promote Bitcoin to 150,000 people.  So no, we aren't doing this for free right now Smiley

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payb.tc
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February 08, 2012, 05:09:08 AM
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Hell, the other day you traded a laser for that SUV for your wife.

 Shocked time for my yearly eye-test.
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February 08, 2012, 05:15:41 AM
 #10

Lazer, what kind of work do you do for the company? i imagine it might make a difference if you were in say, the I.T. department as opposed to a more physical job.

i work in I.T. and want my boss to accept bitcoins, but i'll probably code up something for his sites *before* even discussing it, so i can just say "look what i did, you now accept bitcoins Tongue"
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February 08, 2012, 09:53:25 AM
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Are these by chance the same kind of lasers that are used in optical transceivers?
850NM to 1610NM wavelength?
If so, I suspect I can get you a lot of new business from vendors who will be willing to pay in Bitcoin.


EhVedadoOAnonimato
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February 08, 2012, 10:32:03 AM
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Have you told your boss the IRS cannot know how much bitcoins he receives?
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February 08, 2012, 12:48:06 PM
 #13

Any suggestions would be appreciated!

I suggest you keep your business out of Bitcoins for now.  Bitcoin's current strengths are in small transactions, international trade, and donations.  If you're selling an expensive industrial product, practically no one you're doing business with will be interested in Bitcoin.  What killer benefit would it have for anyone involved?

It's time may come for your market too, but not yet.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
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February 08, 2012, 02:16:00 PM
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If you're selling an expensive industrial product, practically no one you're doing business with will be interested in Bitcoin. 

Probably true. Not that having an extra means of payment would be of any harm, though.

Besides receiving bitcoins, business may also pay employees with bitcoins. Particularly those business who can benefit from hiring offshore. Employees - specially those not on the same jurisdiction of the employer - also benefit from receiving bitcoins, as, for tax purposes, it is almost like being paid in cash. And even if they are on the same jurisdiction and can't avoid the taxman, maybe bitcoin would still be interesting for some employees, as well as save bank fees for the employer.
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February 08, 2012, 03:15:04 PM
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I'll buy one if your boss accept Bitcoins.

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February 08, 2012, 03:35:30 PM
 #16

I like lasers, especially the ones that pop balloons and shit.

If he accepts Bitcoin, Ill buy one as well.

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More about me: http://CharlieShrem.com
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February 08, 2012, 06:40:54 PM
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I like lasers, especially the ones that pop balloons and shit.

If he accepts Bitcoin, Ill buy one as well.

Yeah, those things are awesome.  I think OP said "industrial lasers" though, so I am not sure.
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February 08, 2012, 06:43:57 PM
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I like lasers, especially the ones that pop balloons and shit.

If he accepts Bitcoin, Ill buy one as well.

Yeah, those things are awesome.  I think OP said "industrial lasers" though, so I am not sure.
"Industrial" probably means large CO2 lasers and such.

I went to a place that does laser engraving on granite, and they had a large laser room in the back corner of the shop with several lasers of various types. The actual engraving machines were in the main floor of the shop, and the laser energy was beamed around the shop on a system of mirrors. Pretty cool shit. It didn't look all sci-fi as people would expect, since they were using mainly CO2 lasers which have an invisible beam.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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February 08, 2012, 06:57:45 PM
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"Industrial" probably means large CO2 lasers and such.

I went to a place that does laser engraving on granite, and they had a large laser room in the back corner of the shop with several lasers of various types. The actual engraving machines were in the main floor of the shop, and the laser energy was beamed around the shop on a system of mirrors. Pretty cool shit. It didn't look all sci-fi as people would expect, since they were using mainly CO2 lasers which have an invisible beam.

That sounds really cool.  The combination of being able to cut through granite and invisible is unnerving though.
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February 08, 2012, 07:09:19 PM
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"Industrial" probably means large CO2 lasers and such.

I went to a place that does laser engraving on granite, and they had a large laser room in the back corner of the shop with several lasers of various types. The actual engraving machines were in the main floor of the shop, and the laser energy was beamed around the shop on a system of mirrors. Pretty cool shit. It didn't look all sci-fi as people would expect, since they were using mainly CO2 lasers which have an invisible beam.

That sounds really cool.  The combination of being able to cut through granite and invisible is unnerving though.
Hahaha, I know right? I think they have some kind of beam running parallel that kills the laser if it is crossed. And, it is up high in the roof where you can't just reach up and touch it.

Also, the final focusing opticals are on the machines themselves, so the energy in the air is not focused and therefore is a little less dangerous.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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