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Topic: 2013-04-04 Pay Your Rent (Directly) In Bitcoin - Greater Memphis Area (Read 1371 times)

hero member
Activity: 868
Merit: 1002
Man, I'd pay my rent in BTC if I could :/
Talk to your landlord!
hero member
Activity: 518
Merit: 500
Man, I'd pay my rent in BTC if I could :/
hero member
Activity: 868
Merit: 1002
newbie
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Merit: 0
I'm sure there are other types of businesses where bounced checks or credit card charge backs are an issue, I just don't know which ones they are.

This effects nearly all small retailers reselling products with very small margins, especially when many already have to price some common goods at a loss just to generate the foot traffic to operate. It doesn't take a whole lot of bad checks at a mom & pop shop before they can no longer pay their bills, and this is compounded when it can be cost/time prohibitive to get a collection agency to assist in recovery because there isn't enough volume for them to take on the job for a fixed percentage fee.
member
Activity: 88
Merit: 10
Quote from: Silvey
I think it makes sense. I believe it is the future, and I like that it cannot bounce or be charged back

I think this argument is going to convince a lot of businesses to start accepting bitcoin.  I'm sure there are other types of businesses where bounced checks or credit card charge backs are an issue, I just don't know which ones they are.

Also, this drops another of the critisims against bitcoin: you can't use it to pay your rent. Well, in at least one place, now you can.
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