That's a great way of introducing it to them; needs such as clothing items are something normal citizens would buy consistently.
Since buying bitcoin has fees, giving a discount is reasonable to counterbalance with a transaction fee.
Even though it's a challenge for you, Including crypto as a payment method is enough to spark interest and curiosity in your customers.
Topic: Accepting bitcoin as payment for my business - page 4. (Read 924 times)
I am glad to hear that working businesses are starting to accept Bitcoin as payment. There are only two problems that prevent Bitcoin from sweeping the globe. First of all, its volatility, so you can’t set the fixed price, as bitcoin’s price is constantly changing. Secondly,the speed of transactions. If you are an online shop, it is not a big problem, but in case of payment offline, bitcoin can’t be used because of its slowness.
I have been in the forum for some time learning different aspects of bitcoin, now I want to be more practical about bitcoin as a currency. I introduced crypto payments for my business and have been making sales lately. I'm in the clothing industry and I believe in crypto. I have my wallet addresses and barcode printed at the door and pos! For now, I accept Bitcoin, and Etheruem. These are 3 popular coins in my community.
So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
That's actually a bold move for you and you deserve that booming business for trying. Why not introduce other cryptocurrencies that have a pretty low fees? like for example doge, or TRX. That's to give options to people who are reluctant to use cryptocurrencies because of the demanding transaction fee of Bitcoin and Ethereum.
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For now, I accept Bitcoin, and Etheruem. These are 3 popular coins in my community.
i wonder what is the other one because it sees you miss to write it but congrats on this big step of yours , from a normal crypto user up to a crypto businessman .do you have a online website for your store ? because we can check it out and support you . i do like crypto stuffs and if will be a plus point for me if you have crypto printed tshirts on sale .
First of all, congratulations on your business is booming. Maybe some people want to pay with cryptocurrency and are interested in cryptocurrency payment. Most people still choose to use fiat currency. But your way will attract some crypto enthusiasts and let more people know your clothes. I am curious whether your pricing is fixed or adjusted according to price fluctuations.
This is a great idea, congratulations.
Now that the clothing industry has slowly accepted cryptocurrency, luxury brands have already had examples of accepting cryptocurrency. I believe you can experience a good payment experience and your customers will be distributed all over the world.
Now that the clothing industry has slowly accepted cryptocurrency, luxury brands have already had examples of accepting cryptocurrency. I believe you can experience a good payment experience and your customers will be distributed all over the world.
Accepting Bitcoin payments has a positive impact on the company and Bitcoin.
The influence of cryptocurrency in the financial sector continues to increase, and Bitcoin is becoming more and more popular and can be traded without borders. Using Bitcoin to pay can have customers all over the world, and the company will have a larger market.
The Bitcoin payment method will also make people who have never been exposed to cryptocurrency interested in this payment method and will allow more people to use Bitcoin, and the influence and development of Bitcoin will become better and better.
The influence of cryptocurrency in the financial sector continues to increase, and Bitcoin is becoming more and more popular and can be traded without borders. Using Bitcoin to pay can have customers all over the world, and the company will have a larger market.
The Bitcoin payment method will also make people who have never been exposed to cryptocurrency interested in this payment method and will allow more people to use Bitcoin, and the influence and development of Bitcoin will become better and better.
This is a good idea.
Many shops and clothing stores can also use cryptocurrency to pay.
There are also many people who like Bitcoin wear clothes with the "Bitcoin logo" on their bodies.
Of course, if you are in an area where you can use cryptocurrency, you can use cryptocurrency to receive payments. If your area does not allow the use of cryptocurrency, then don't make cryptocurrency payments.
Many shops and clothing stores can also use cryptocurrency to pay.
There are also many people who like Bitcoin wear clothes with the "Bitcoin logo" on their bodies.
Of course, if you are in an area where you can use cryptocurrency, you can use cryptocurrency to receive payments. If your area does not allow the use of cryptocurrency, then don't make cryptocurrency payments.
It is fun to use Bitcoin practically in our real life, we will not feel the real change of the existence of Bitcoin unless there is a real use, so people should be encouraged to such businesses that use Bitcoin, it is very important to spread the culture of Bitcoin to teach people how to use Bitcoin and the best wallets To avoid high fees because as you say there are many people who do not know that there are wallets that can reduce fees.
Also, you can use the Bitcoin Lightning Network to reduce fees to a minimum by opening a channel between you and the customers you deal with constantly, so that fees are reduced to a minimum.
Also, you can use the Bitcoin Lightning Network to reduce fees to a minimum by opening a channel between you and the customers you deal with constantly, so that fees are reduced to a minimum.
This is very common now that there are small merchants online or either offline accepting Bitcoin as payment because it might they saw the advantage on it and IMO, the number one reason is that security, followed by fraud prevention such as chargeback and the low fees as long as the business owner knows how to apply Lightning Network per transaction, it's suitable for the micro-transactions.
I also think about if OP will use a payment processor for this so that he can accept Bitcoin that comes from exchange using fiat.
Anyway, congrats OP for your business, I also think about my business accepting Bitcoin soon but this isn't about the clothing industry.
I also think about if OP will use a payment processor for this so that he can accept Bitcoin that comes from exchange using fiat.
Anyway, congrats OP for your business, I also think about my business accepting Bitcoin soon but this isn't about the clothing industry.
I have been in the forum for some time learning different aspects of bitcoin, now I want to be more practical about bitcoin as a currency. I introduced crypto payments for my business and have been making sales lately. I'm in the clothing industry and I believe in crypto. I have my wallet addresses and barcode printed at the door and pos! For now, I accept Bitcoin, and Etheruem. These are 3 popular coins in my community.
So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
Bitcoin fees now is on its cheapest and thats why i dont see for it to be a problem but it would be an another story if there would be some clogged in the network which do really end up on why most people do really still select fees but its good to see that there are people who are willing to make use of crypto payment directly.So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
Also one of the reasons on why merchants arent accepting bitcoin or crypto is on volatility issues.If you do go into the brighter side of things then its up to someone
choice and preference.
Well, I had nothing to say but congratulations and good luck bro, I hope you will succeed in your business because that is not easy accepting bitcoin as a payment, it could be a risk on your part if you don't have extra money to re-purchase a product while bitcoin in a low price. Though your concept is good but to be honest, this will have a danger on your side. However, if you accept online payment you can choose perhaps a third-party payment for both safety, buyers, and sellers. However, this not only for your business but they also learn what is blockchain and the bitcoin system.
That probably he needs backup money in case that the price of Bitcoin will dump so he can still hold and continue his business. This was a risk-taking business accepting crypto, volatility makes it a very uncomfortable situation which might possibly bring your losses and shut down if it is mismanaged. This was also a reason why some big companies aren't pursuing to accept Bitcoin payment due to unstable prices.Well, OP had made a strong decision, I hope he could make a good profit from it.
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Congratulation on your business and hopefully this kind of payment method can really run very well and much better again. Most of the problems or challenges to face in this transaction are the transaction fee itself and also the speed of the transaction.
Some members have introduced you to using the lightning wallet and you may use it.
And you can also give some information about this in your store, making it as a poster, banner, or other that your customers can also know about this latest news of using the lighting.
And I am also curious, what's about the fee? Does the customer pay the fee?
And how is about the price? It depends on the current price or based on fixed USD or fiat?
Well, I had nothing to say but congratulations and good luck bro, I hope you will succeed in your business because that is not easy accepting bitcoin as a payment, it could be a risk on your part if you don't have extra money to re-purchase a product while bitcoin in a low price. Though your concept is good but to be honest, this will have a danger on your side. However, if you accept online payment you can choose perhaps a third-party payment for both safety, buyers, and sellers. However, this not only for your business but they also learn what is blockchain and the bitcoin system.
This is a good thing what you are doing, but I must say that buying things with bitcoin is a headache, I particularly prefer using Litecoin or other altcoin to buy things as they are cheap and fast. i think you should consider using altcoins that are fast and cheap, plus most people prefer to use bitcoin to make hodl, i wonder if this scenario will ever change
That's why a lot of people don't use bitcoin to make payments, because they want to profit from trading or Hodl and that won't change anytime soon.
Those who trade in cryptocurrencies are currently in a very good position because doing business now can be the most profitable.
That's why a lot of people don't use bitcoin to make payments, because they want to profit from trading or Hodl and that won't change anytime soon.
Those who buy bitcoin and do it on the other side are traders. Compared to business, on the other hand, it is seen that those who are doing business to take bitcoin must have been big. Those who trade in cryptocurrencies are currently in a very good position because doing business now can be the most profitable.
Congratulations for your business and good luck with your start. I think you can put some materials that contains like what's the meaning of blockchain or what's blockchain.
Like little boards that you'll stick to the wall of your store or some posters at your door at the side or top or bottom of your qr code. That will give them sort of idea what's with it.
Like little boards that you'll stick to the wall of your store or some posters at your door at the side or top or bottom of your qr code. That will give them sort of idea what's with it.
If you actually implement cryptocurrency payments in your store, it seems that you need a platform that will help you manage cryptocurrency payments to make it more secure and easy to convert and accept multiple cryptocurrencies.
Try using Coinbase Commerce, it will help you to manage payments for the goods you sell very easily. You can choose what coins you can pay and you can convert them quickly.
https://commerce.coinbase.com/
Try using Coinbase Commerce, it will help you to manage payments for the goods you sell very easily. You can choose what coins you can pay and you can convert them quickly.
https://commerce.coinbase.com/
good luck with your business.... btw, i strongly recommend that you accept payments by "lightning network" (for payments via BTC). Bitcoin fees are also very volatile (sometimes very high but can be low) but the low fee of the "lightning network" is very stable. You have to think about accept payment with ethereum because the fee is quite high and there will definitely be only a little few buyers who use it (and maybe yourself will have difficulty with the high fee of eth)
Thank you very much. Many on the thread have suggested using Lightning network. I have to read more about it though, I know there are threads that explains the LN on the forum. I just have to search for them. About the high transfer fee of Ethereum, I know tron and Nano have less fees but they are not very popular here, that's why I chose only Bitcoin, Eth, and Usdt. With time I will be able to expand to other coins
I have been in the forum for some time learning different aspects of bitcoin, now I want to be more practical about bitcoin as a currency. I introduced crypto payments for my business and have been making sales lately. I'm in the clothing industry and I believe in crypto. I have my wallet addresses and barcode printed at the door and pos! For now, I accept Bitcoin, and Etheruem. These are 3 popular coins in my community.
So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
good luck with your business.... btw, i strongly recommend that you accept payments by "lightning network" (for payments via BTC). Bitcoin fees are also very volatile (sometimes very high but can be low) but the low fee of the "lightning network" is very stable. You have to think about accept payment with ethereum because the fee is quite high and there will definitely be only a little few buyers who use it (and maybe yourself will have difficulty with the high fee of eth) So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
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