Gas station payment with bitcoin. - page 4.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: Onyeeze on April 19, 2023, 05:24:31 PM

I want to know bitcoin wallet that will be nice for receiving payment with bitcoin that will be safe for this business payment.

I think a choice of wallet for the business depends mostly on how you plan to spend the bitcoins you receive as payment for your gas, if you plan to hold the bitcoin as an investment for long short or long term, using a cold wallet is most advisable, and that could be a hardware wallet.

But if you plan to sell off the bitcoin immediately so as to convert it to cash to enable you buy more gas to sell, I personally would advice you receive your bitcoin payment through an exchange you trust and can withdraw directly to your bank account from, and such exchange are..
1. Binance
2. Remitano..

I personally I have been using Remitano since 2016, though binance is big, I still prefer remitano for its simplicity and fast withdrawal to bank account.

Onyeeze

full member

Activity: 700

Merit: 205

Quote from: coinerer on May 08, 2023, 10:42:01 AM

Quote from: Onyeeze on April 19, 2023, 05:24:31 PM

I establish a mini (unity gas station) in my environment, And I feel that since am into bitcoin I can use this part to make bitcoin to be known in my area by implementing two systems of payment in my gas filling station, ( fiat and bitcoin) do you know that some youths who knows about bitcoin is interested to make payment with bitcoin and people who doesn't what's bitcoin began to ask of the meaning of bitcoin, and answers has been given to them base on my understanding in bitcoin.
So many of my customers and youths mostly is interested to make payment with bitcoin, I want to know bitcoin wallet that will be nice for receiving payment with bitcoin that will be safe for this business payment.

Congratulations and it's a good plan. But you need to design the bitcoin payment gateway in such a way that it doesn't charge too much transaction fee to make bitcoin payments there.
I give you a small advice that. You can have some facilities like Binance P2P transaction through pay id. You can have the facility of transfer through email from coinbase, etc. In this case, the person who will make the Bitcoin payment will not need any transaction fee. So in this case Bitcoin users may be more interested in Bitcoin payments

Many people recommended Electrum, and with their explanation I was told that it's has higher security and its good for business, but since you have make this point, I make sure that I work on your advice because the rate of high fees in transaction of bitcoin

coinerer

hero member

Activity: 1470

Merit: 608

Vave.com - Crypto Casino

Quote from: Onyeeze on April 19, 2023, 05:24:31 PM

I establish a mini (unity gas station) in my environment, And I feel that since am into bitcoin I can use this part to make bitcoin to be known in my area by implementing two systems of payment in my gas filling station, ( fiat and bitcoin) do you know that some youths who knows about bitcoin is interested to make payment with bitcoin and people who doesn't what's bitcoin began to ask of the meaning of bitcoin, and answers has been given to them base on my understanding in bitcoin.
So many of my customers and youths mostly is interested to make payment with bitcoin, I want to know bitcoin wallet that will be nice for receiving payment with bitcoin that will be safe for this business payment.

Congratulations and it's a good plan. But you need to design the bitcoin payment gateway in such a way that it doesn't charge too much transaction fee to make bitcoin payments there.
I give you a small advice that. You can have some facilities like Binance P2P transaction through pay id. You can have the facility of transfer through email from coinbase, etc. In this case, the person who will make the Bitcoin payment will not need any transaction fee. So in this case Bitcoin users may be more interested in Bitcoin payments

BenCodie

legendary

Activity: 1666

Merit: 1037

Quote from: logfiles on April 19, 2023, 06:00:35 PM

Quote from: Onyeeze on April 19, 2023, 05:24:31 PM

I want to know bitcoin wallet that will be nice for receiving payment with bitcoin that will be safe for this business payment.

It depends on how you plan to use the wallet. Will it be a hot wallet or cold wallet? The most recommended would be an open source hardware wallet like Trezor. More open-source hardware wallets can be found here - {list} Open Source Hardware Wallets

You could also opt for open source software noncustodial wallets like Electrum (https://electrum.org). Just make sure your device is completely clean and does not contain any potential malware.

Electrum is a great solution, though I don't believe that customers would be able to use when paying for their goods away from home. Instead, customers can use a variety of app-based wallets such as Exodus or TrustWallet to make payments.

As a merchant, using BTCPayServer is probably the best solution though it may take some time or basic technical knowledge to set up successfully. Some useful links that list some alternative gateways for merchants include this list from CoinSutra and this list from DevTeam.space.

Alucard1

full member

Activity: 574

Merit: 125

Congratulations on your business mate, you are really doing a great thing to promote Bitcoin and cryptocurrency, if people who dont know about crypto see a payment through Bitcoin then for sure they might get interested in it and will look for it on Google. This is really a great step mate thank you for considering crypto in your business.

One thing, can we have a picture of your gasoline station, it would be better if you will include some pictures of your business

Josefjix

sr. member

Activity: 1288

Merit: 305

yes

Quote from: Nrcewker on May 05, 2023, 04:55:11 AM

That’s great to hear mate. In your are Bitcoins legal? As if not, then unnecessary tensions will be on your head very soon. If Bitcoins are legal then congratulations on accepting payment through it. Having multiple payment options are always beneficial. It also helps to attract more customers to use your service rather than your competitors. I would suggest to hold the Bitcoins if you can, as Bitcoins are very rare, and if you are getting a chance to acquire it, then you should hold. If you are not planning to sell those earned coins, then any hardware or cold storage will be sufficient to store the coins. Once again good luck with this new experience.

Gas station payment with bitcoin is a great concept because it speeds up the payment method for gas and solves any worries about the station's standard level. It is normal to have competitors in the market; otherwise, the term "improvement" will cease to exist. Bitcoin sparked both dump and pump moves on a regular basis; to be safe, one must adjust to the current scenario without hesitation. Nobody knows what will happen next in the space, therefore holding bitcoin should be the ultimate goal for any trader and investor out there. It is necessary that we understand the potential of bitcoin pumping or dumping at any given time.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Nrcewker on May 05, 2023, 04:55:11 AM

That’s great to hear mate. In your are Bitcoins legal? As if not, then unnecessary tensions will be on your head very soon. If Bitcoins are legal then congratulations on accepting payment through it. Having multiple payment options are always beneficial. It also helps to attract more customers to use your service rather than your competitors. I would suggest to hold the Bitcoins if you can, as Bitcoins are very rare, and if you are getting a chance to acquire it, then you should hold. If you are not planning to sell those earned coins, then any hardware or cold storage will be sufficient to store the coins. Once again good luck with this new experience.

I think it's legal if he would establish a business with Bitcoin involve. Here in my country, government doesn't even care about Bitcoin since they've tried to put taxes in decentralized system which they have failed. It's actually an advantage to OP as bitcoin is a volatile whre it could increase its value. People would tend to think that customer wouldn't even use BTC because it might be their disadvantage but if we look at it, the convenience it gives to people if their funds are in BTC.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Onyeeze on May 05, 2023, 03:38:31 AM

...the transaction of buyer will be confirmed before leaving...

Yes, that's the ideal situation but does it always work out that way? The answer is obviously no. OP is a Nigerian and we all know how impatient our compatriots can be once it comes to money. Both buyer and seller will become impatient when the usual Blockchain congestion happens during Bitcoin payment. There's no argument on this. I've had a few of my P2P transactions delayed for over 24hrs before escrow could release my money even when it was obvious at the receiver's end that there was a signalled incoming transaction to their wallet. They waited until deposit was fully confirmed. In a situation like that, will you let the buyer go without complete confirmation; knowing that the payment can be reversed through double spending?

Nrcewker

copper member

Activity: 2268

Merit: 539

LuckyDiamond.io - FLAT 50% Deposit Bonus!

That’s great to hear mate. In your are Bitcoins legal? As if not, then unnecessary tensions will be on your head very soon. If Bitcoins are legal then congratulations on accepting payment through it. Having multiple payment options are always beneficial. It also helps to attract more customers to use your service rather than your competitors. I would suggest to hold the Bitcoins if you can, as Bitcoins are very rare, and if you are getting a chance to acquire it, then you should hold. If you are not planning to sell those earned coins, then any hardware or cold storage will be sufficient to store the coins. Once again good luck with this new experience.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Quote from: Onyeeze on April 19, 2023, 05:24:31 PM

I establish a mini (unity gas station) in my environment, And I feel that since am into bitcoin I can use this part to make bitcoin to be known in my area by implementing two systems of payment in my gas filling station, ( fiat and bitcoin) do you know that some youths who knows about bitcoin is interested to make payment with bitcoin and people who doesn't what's bitcoin began to ask of the meaning of bitcoin, and answers has been given to them base on my understanding in bitcoin.
So many of my customers and youths mostly is interested to make payment with bitcoin, I want to know bitcoin wallet that will be nice for receiving payment with bitcoin that will be safe for this business payment.

In my country there are already a few gas stations here that allow or accept Bitcoin as a payment, I mean it's actually a good thing for Bitcoin adaptation since it could easily help a lot of people get interested in Bitcoin by seeing the Bitcoin logo or seeing that it is available as a payment might make them wonder what it is.

It might actually depend on what wallet you used, I mean most of the wallets already provide QR codes which I think is the best method for fast payment. Just consider the QR code and low fees I mean it would work, but most of the gas stations here used centralized wallets because it's convenient, have low fees, and is easier to manage so that the business can continue accepting Bitcoin without the need of some key since most of the centralized wallets have notification when it received payments for confirmation, I've tried it once and the gasoline boy says that I can't pay bitcoin because the owner is the only one can accept a bitcoin payment.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: Smartvirus on April 19, 2023, 06:46:26 PM

Quote from: Onyeeze on April 19, 2023, 05:24:31 PM

I hate to be a kill joy here but don't you think this scheme has already been polarized already? Hope you know its not a cool thing to do in trying to or actually lying to the good forks of forum user's right.
Somehow' its always you beginners [Newbies - Members] that are always having these contracts that wishes to pay in bitcoin or someone just started accepting bitcoin in their firm or someone just convinced his or her boss to be paid and even pay the rest of them staff in bitcoin. I still won't be surprised to see someone convince his nation's government to start paying its civil staff in bitcoin.

This generic thread of having to do this and that with bitcoin is becoming too much. If i don't know any better, i'll take it that y'all are just lying. Mind you, trust is a lot of things on the forum and y'all could be given a neutral tag for insincerity in this manner ans posting what your not fully interested in constitutes as spam.

If there is any need for this, better to search for this information as related threads already exists on this same forum. You all be careful because, we would soon have to see the rest of this.

Well I am not against anyone coming up with whatever business they do or not, but it will also be good if they includes some pictures that shows the evidence of what they are really doing. Although pictures are not automatic prove but at least it gives little confident about what they are saying, if that is a very cool way to promote the max acceptance and adoption of bitcoin then I don't see any need to tackle them or even putting eyes on them and what you know about newbies is that they could go to any length in bitcoin promotion which I think you don't have such energy currently.

Onyeeze

full member

Activity: 700

Merit: 205

Quote from: zanezane on April 25, 2023, 11:19:47 AM

Quote from: crwth on April 25, 2023, 10:47:54 AM

Is your government pretty lenient with using cryptocurrency as a mode of payment? They cannot deduct it or something automatically or is there a different payment processor that does it automatically with you? Isn't it a hassle to do? I'm genuinely curious about your experience, OP.

I think government will involved interms of business that the op is building. If not, there might some risk that OP encounter since cryptocrrencies are not backed by government or financial instutions, and transactions are irreversible once they are processed. This can make them a target of fraud and hacking attemps, which can lead to the loss of the OP's funds. also Bitcoin transactions often involve transaction fees, which can add to the cost of the buyer's gas purchase. Fees can vary depending on the network congestion and the size of transaction.

I have my strategies, do you know that you can only give hackers access to involve in your business, for you to have done this, you know that theirs another alternative source someone to bridge evil source of bringing your business down, the transaction of buyer will be confirmed before leaving, because the rules that guides the payment with Bitcoin and fiat transfer is there, we operate with regulations that is authentic and no one fails the rules.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Freddie Boyer on April 25, 2023, 12:01:55 PM

First of all I congratulate you on the initiative to promote Bitcoin in your area by accepting Bitcoin payments at your gas stations. This is a great way to spread awareness and promote cryptocurrency adoption. To make transactions I think it's good to create a separate wallet for your business transactions so that your personal Bitcoin funds are kept separate and if your customer asks for a choice of paying using a Bitcoin wallet provide a safe and easy to use, automatic platform that is already available and has legality that is legal to use at your place.

an alternative that needs to be appreciated, because of course it is not easy to want to develop in a business to want to provide opportunities to make payments with bitcoin, besides requiring a strategy and careful preparation of what is needed. of course this is also a strategy to introduce bitcoin to other people that bitcoin can indeed be used and profitable. I agree with you, friend, that an alternative payment method is also prepared, not only with Bitcoin so that you can accept all transactions equally well.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Well first off I want to say I love this idea, and if I were a business owner I would be doing the same thing in making sure that my customers have both options of both a traditional fiat source of payment (typically credit cards here) as well as having bitcoin be an option.

However I'm a bit confused by this sentence .." So many of my customers and youths mostly is interested to make payment with bitcoin".. so you're saying they have been asking for this to implemented for some time?

JoyMarsha

sr. member

Activity: 924

Merit: 365

What an admirable move you made to accept bitcoin as payment for the little gas plant you opened in your locality. But I need your response to a straightforward inquiry. I'm asking you in an effort to figure it out.

Would you be willing to use bitcoin as payment for something knowing full well how much it costs in dollars to convert it to your currency which is not dollars(while there is already your country's fiat)? and what price of bitcoin would be if you choose to hodl it for long? Let's try and be realistic and know the fact that, there are things that can't easily happen in a business no matter how sweet it sounds.

Your answer would be the same as the people of your locality who knows the worth of bitcoin will feel when they want to fill in their gas using bitcoin as payments

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Is this for real? I guessed gas station would be one of the most difficult business' categories to start accepting Bitcoin as payment, because they are fully centralized around big companies and suppliers. To be a gas station owner doesn't give you autonomy to put your business on the direction you desire, as what really matters is the supplier. If the supplier doesn't agree with what you are doing on your business they can stop delivering to you and then the business is over.

At least, that was what I thought. Maybe because in our country the government plays a big role on every stages of the industry, with the exception of the final one (the final sale to the customer by gas stations, which are private businesses, but under a major brand/flag).

Freddie Boyer

member

Activity: 308

Merit: 21

Crypto WEB3 Neobank

First of all I congratulate you on the initiative to promote Bitcoin in your area by accepting Bitcoin payments at your gas stations. This is a great way to spread awareness and promote cryptocurrency adoption. To make transactions I think it's good to create a separate wallet for your business transactions so that your personal Bitcoin funds are kept separate and if your customer asks for a choice of paying using a Bitcoin wallet provide a safe and easy to use, automatic platform that is already available and has legality that is legal to use at your place.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: crwth on April 25, 2023, 10:47:54 AM

Is your government pretty lenient with using cryptocurrency as a mode of payment? They cannot deduct it or something automatically or is there a different payment processor that does it automatically with you? Isn't it a hassle to do? I'm genuinely curious about your experience, OP.

I think government will involved interms of business that the op is building. If not, there might some risk that OP encounter since cryptocrrencies are not backed by government or financial instutions, and transactions are irreversible once they are processed. This can make them a target of fraud and hacking attemps, which can lead to the loss of the OP's funds. also Bitcoin transactions often involve transaction fees, which can add to the cost of the buyer's gas purchase. Fees can vary depending on the network congestion and the size of transaction.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: noorman0 on April 20, 2023, 03:23:45 AM

Don't think that bitcoin will be the main payment method. It may even only attract up to 20 customers in the first few days, who then slowly return to conventional methods. Then it won't affect the OP's business too much.

Paying bitcoins for small transactions still comes with a fee, anyone would consider using it rarely.

That's what I've realized about 3 hours after I posted that reply and you're right it won't affect but I haven't really seen anyone really use bitcoin as a means to pay for goods and service. Maybe big business that sells products at higher price might be able to do it but then again, it comes to the problem I presented.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Is your government pretty lenient with using cryptocurrency as a mode of payment? They cannot deduct it or something automatically or is there a different payment processor that does it automatically with you? Isn't it a hassle to do? I'm genuinely curious about your experience, OP.

Topic: Gas station payment with bitcoin. - page 4. (Read 1115 times)