Do you think merchants should use Bitcoin or crypto currency - page 2.

skang

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from democracy to self-rule.

Quote from: btvGainer on April 30, 2016, 05:40:26 PM

Quote from: skang on April 28, 2016, 12:59:07 AM

Quote from: Wapinter on April 13, 2016, 04:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

You can always seek help from law enforcement agencies in case of stolen cash which is not the case with bitcoin currently

You can because there is no such thing as a bitcoin! If your keys were hacked, that is a cyber crime in India & you can seek the police.

Personal anecdote: My credit card was stolen so I went to the UP police. No one knew what credit card was! (that was around 10 yrs ago) When I tried to explain what credit card was the policeman's reply was "wo to theek hai par rupaye pade kahan the jo chori ho gye?? Bank waley to naa aaye report likhane.." (Credit card is fine but where were your rupee notes stolen from? The bankers didin't report any theft..) Roll Eyes

I expect the same even if bitcoin was legalised.

soyab0007

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they should provide bitcoin payment as an option to buyers..
this can be helpful for buyers to know about bitcoin

globalgaurav

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oh so lovely

Why Cryptocurrency Will Take Over the World

https://youtu.be/OwG4d17zzuA?list=PLuO-dTbCjrwpfhvj1e13Ic0hPerK_RSd3

Quote from: dashingriddler on April 11, 2016, 05:34:04 AM

May not happen in near future i believe.

dashingriddler

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Quote from: btvGainer on May 04, 2016, 04:54:08 PM

Quote from: dashingriddler on May 03, 2016, 10:06:32 PM

Unocoin's attempt to get the physical stores to accept Bitcoin by launching its PoS app

News : http://www.newsbtc.com/2016/04/23/unocoin-launches-unocoin-pos-for-indian-merchants/

Promo : https://youtube.com/watch?v=uWWhbSH6nO4

Your promo is nice it not only promotes your service but also explain how easy bitcoin transaction is.Just scan a qr code and make payment.Nothing can be easier

btvGainer

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Quote from: dashingriddler on May 03, 2016, 10:06:32 PM

Unocoin's attempt to get the physical stores to accept Bitcoin by launching its PoS app

News : http://www.newsbtc.com/2016/04/23/unocoin-launches-unocoin-pos-for-indian-merchants/

Promo : https://youtube.com/watch?v=uWWhbSH6nO4

Your promo is nice it not only promotes your service but also explain how easy bitcoin transaction is.Just scan a qr code and make payment.Nothing can be easier

dashingriddler

legendary

Activity: 1258

Merit: 1001

Unocoin's attempt to get the physical stores to accept Bitcoin by launching its PoS app

News : http://www.newsbtc.com/2016/04/23/unocoin-launches-unocoin-pos-for-indian-merchants/

Promo : https://youtube.com/watch?v=uWWhbSH6nO4

btvGainer

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Quote from: skang on April 28, 2016, 12:59:07 AM

Quote from: Wapinter on April 13, 2016, 04:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

You can always seek help from law enforcement agencies in case of stolen cash which is not the case with bitcoin currently

skang

sr. member

Activity: 452

Merit: 252

from democracy to self-rule.

Quote from: Wapinter on April 13, 2016, 04:27:58 PM

Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer

Imo chances of fraud in cash are more than any other payment system because
1.Even stolen cash can be spent anywhere anonymously.
2.Chargeback, provided by bitcoin banks like coinbase, work as safeguard for buyer

bitcoinisfurture

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I would suggest yes if they can have an immediate sale option as price fluctuations will not be that big criteria if they are getting the rate on the spot which they required. For this we already have exchanges in India. Another thing will be the quick withdrawal process since they all merchants will require easy acces to thier money unless they want to invest and keep it for long in Bitcoin is different story.

btvGainer

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Quote from: coldice on March 01, 2016, 12:08:13 PM

As you have seen that more and more users from India are now getting into crypto currency and companies like zebpay and coinsecure makes it easier to buy bitcoins.
So do you think merchants like flipkart and amazon should use bitcoin as alternate payment gateway.

If course they should accept bitcoin payment also but the question is why would they do this?they are the leaders in their niche and they wont see any additional advantage of using bitcoin payment gateway.Remember most of Indians prefer COD payment option anyway.Adding one more option would increase their business.Nobody is holding their purchase from these sites because they dont have option to pay with bitcoin

GregH37

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Quote from: jonatuzc on April 13, 2016, 10:32:05 AM

Quote from: btvGainer on March 05, 2016, 05:16:11 PM

Quote from: btc_enigma on March 02, 2016, 12:24:39 AM

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

I dont think confirmation time is any hindrance since they dont have to deliver their products instantly.Even a fastest delivery takes longer than confirmation time

I think both can be used.

Using both can be a good idea. You can enjoy benefits of both Bitcoin and crypto currency

Wapinter

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Hire me for Bounty Management

Quote from: Benson Samuel on April 11, 2016, 01:17:44 PM

Here is an article penned by Elizabeth. Quite a strong read

http://blog.coinsecure.in/post/142404073145/why-accept-payment-in-bitcoin

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

Nice article but
"... additionally eliminating any risk of fraud."
Imo chances of fraud in bitcoin are more than any other payment system because
1.Even stolen bitcoin can be spent anywhere anonymously.
2.Chargeback work as safeguard for buyer
Also
"... Bitcoin
is a trustless system and more secure.
With credit and debit cards, one makes
a transaction and trusts that the
individual on the other end will take
out only the agreed upon value."
In offline purchase,buyer enters the amount to be paid in pos,sellers can not change it.
I however agree to below in toto
"...
Online purchase require otp sent to cardholder registered mobile number.
As Bitcoin is a global technology,
Bitcoin acceptance enables merchants
to accept payment from individuals
around the world. Paypal, debit cards
and credit cards simply do not have
the extent of a global reach that
Bitcoin has."

jonatuzc

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Quote from: btvGainer on March 05, 2016, 05:16:11 PM

Quote from: btc_enigma on March 02, 2016, 12:24:39 AM

They should, right now its not necessary for them as bitcoin user volume is very low. Also high confirmation time is one of the reason why merchants could be avoiding bitcoin.

I dont think confirmation time is any hindrance since they dont have to deliver their products instantly.Even a fastest delivery takes longer than confirmation time

I think both can be used.

Benson Samuel

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Landscaping Bitcoin for India!

Here is an article penned by Elizabeth. Quite a strong read

http://blog.coinsecure.in/post/142404073145/why-accept-payment-in-bitcoin

Can also add that Bitcoin does not expose the customer to giving up his information at the Point of Sale to/ through the merchant.

dashingriddler

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Quote from: btcbunny on April 11, 2016, 08:50:39 AM

i think using crypto currencies may not be as absurd or unimaginable as many might think.
I personally think that incorporating bitcoins as a method of payment on such e-commercial giants might increase awareness of general masses into the world of cryptocurrency and might even result in an increase in our online cryptocurrency world

+1

btcbunny

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i think using crypto currencies may not be as absurd or unimaginable as many might think.
I personally think that incorporating bitcoins as a method of payment on such e-commercial giants might increase awareness of general masses into the world of cryptocurrency and might even result in an increase in our online cryptocurrency world

dashingriddler

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Quote from: Fernandez on April 11, 2016, 03:17:09 AM

Quote from: dashingriddler on April 10, 2016, 10:38:09 PM

Quote from: Fernandez on April 10, 2016, 05:45:39 AM

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

That is obviously temporary. It is not the merchant who is giving you the cashback but these wallet providers themselves. Same as uber offering 7INR per km rides. It will eventually stop some day when they can no more raise money. From what I have heard, paytm has burnt 30% of their recent raise just for giving discounts and cashbacks.

Regards

Thank you Paytm for burning money, I have saved a lot buying expensive stuff like laptop and air conditioners Grin

Still, in the future I am more likely to use Paytm than Bitcoin as payment method as a customer, and this come from someone who has been in Bitcoins for a few years now. Unless there is a benefit in using Bitcoins I don't see it catching on.

Then you will have to wait for some bitcoin company to start throwing in discounts and cashbacks left and right as they earnt or raised tons of money. May not happen in near future i believe.

Fernandez

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Quote from: dashingriddler on April 10, 2016, 10:38:09 PM

Quote from: Fernandez on April 10, 2016, 05:45:39 AM

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

That is obviously temporary. It is not the merchant who is giving you the cashback but these wallet providers themselves. Same as uber offering 7INR per km rides. It will eventually stop some day when they can no more raise money. From what I have heard, paytm has burnt 30% of their recent raise just for giving discounts and cashbacks.

Regards

Thank you Paytm for burning money, I have saved a lot buying expensive stuff like laptop and air conditioners Grin

Still, in the future I am more likely to use Paytm than Bitcoin as payment method as a customer, and this come from someone who has been in Bitcoins for a few years now. Unless there is a benefit in using Bitcoins I don't see it catching on.

dashingriddler

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Quote from: Fernandez on April 10, 2016, 05:45:39 AM

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

That is obviously temporary. It is not the merchant who is giving you the cashback but these wallet providers themselves. Same as uber offering 7INR per km rides. It will eventually stop some day when they can no more raise money. From what I have heard, paytm has burnt 30% of their recent raise just for giving discounts and cashbacks.

Regards

Fernandez

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Activity: 1008

Merit: 1000

I doubt they see any benefit in this, especially with wallets like Paytm and Mobikwik already there which are fast and periodically offer big discounts. In fact I have been using Paytm a lot due to the huge cashbacks.

Topic: Do you think merchants should use Bitcoin or crypto currency - page 2. (Read 4049 times)