Gas station payment with bitcoin. - page 7.

Sayeds56

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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.

Its wonderful to hear that you are exploring use of Bitcoin in your gas station,. There are many wallets available for this purpose, such as Coinbase commerce, Bitpay and Electrum. Regardless of what wallet you choose it is important to check feature, security and transaction fees. Keep your security keys safe to prevent any potential security breach. Best of luck with your new venture.

xSkylarx

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I'm asking for proof again, such as any transactions or photos, but on the bright side, I'd like to congratulate you on your business and acceptance of bitcoin. One of my problems with being cashless when I am going to fuel my vehicle is that I am still going to sign something, which is a hassle for me, but if ever it is in Bitcoin, I would just send it and be done, and it is good to go.

slaman29

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I think small time owners can never really see a big jump in customers "because of Bitcoin".

Unless they are a niche product than can't be found elsewhere, and you only accept Bitcoin OR you sell at a discount if you buy using Bitcoin.

Bitcoin use has to fit the use case, as alternative when there isn't anything else to use

noorman0

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Quote from: Obito on April 20, 2023, 01:44:52 AM

-snip-
The scenario that keeps playing in my head is what would happen to OP's gas station if the prices go down the next day and that next day is also the time for his restocking in supplies, how can he profit if not break even.

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.

Minecache

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Quote from: Plaguedeath on April 20, 2023, 01:32:36 AM

If I were you I will not want to accept Bitcoin as a payment in my business, imagine there are 5 consumers want to buy fuel and there's an one who interested to pay with Bitcoin, so he ask me when there's no more customers.

I will explain about Bitcoin, tell them to buy Bitcoin and use it etc, but there's no financial gain for myself lol. I'd rather to learn a new skill to earn more money rather than explain to stranger and not get anything.

I see what you mean, but in this case, you don't need to explain or take the time to teach people about bitcoin, if someone wants to know about bitcoin, just give them some reputable source so they can learn about bitcoin themselves.

Using bitcoin for business is not a new thing anymore, and it is not as harmful as you think. You can both promote bitcoin to become more popular, and you can get more new customers by using bitcoin. If it were me, I would also get gas or shop at a store that accepts bitcoins rather than a regular store. Simply because I'm a bitcoin investor, and that counts as an experience.

Obito

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Quote from: hugeblack on April 20, 2023, 01:01:38 AM

Congratulations,
I do not think it is a good idea, the person who wants to fill up the fuel will want to do it quickly and will not wait for the transaction to be confirmed, but you can create an ATM machine so that the person can withdraw from it or a machine for drinks and juices where you can pay with the lightning network.

You can also provide some services and put the Bitcoin logo accepted here, such as changing oil or repairing tires, etc., and with a 5% discount, you will get double interest.

But OP would be investing in more money by putting an ATM, I think that there's not a lot of people that would probably use their bitcoin to pay for such utilities, even with the discount, bitcoin is too precious to be used as a means of payment. The scenario that keeps playing in my head is what would happen to OP's gas station if the prices go down the next day and that next day is also the time for his restocking in supplies, how can he profit if not break even.

Plaguedeath

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If I were you I will not want to accept Bitcoin as a payment in my business, imagine there are 5 consumers want to buy fuel and there's an one who interested to pay with Bitcoin, so he ask me when there's no more customers.

I will explain about Bitcoin, tell them to buy Bitcoin and use it etc, but there's no financial gain for myself lol. I'd rather to learn a new skill to earn more money rather than explain to stranger and not get anything.

hugeblack

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Congratulations,
I do not think it is a good idea, the person who wants to fill up the fuel will want to do it quickly and will not wait for the transaction to be confirmed, but you can create an ATM machine so that the person can withdraw from it or a machine for drinks and juices where you can pay with the lightning network.

You can also provide some services and put the Bitcoin logo accepted here, such as changing oil or repairing tires, etc., and with a 5% discount, you will get double interest.

entebah

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Quote from: TravelMug on April 19, 2023, 07:53:57 PM

LN (Lightning Network) wallet will the best for this kind of business because it's quick and fast and transactions are instant.

I agree with you maybe the OP need to add a few options to pay using Bitcoin and Lightning Network.
The lightning network can help you because the transaction fee is very cheap it's just around 1 satoshi while bitcoin's average transaction fee based on ycharts is around 2k satoshis

Litzki1990

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No doubt you have made a very good decision. As people in your area are not much aware about Bitcoin so hope through you they will become aware about Bitcoin. Since you set up a gas station and connected bitcoin as a means of payment for that gas station.
When people come to your gas station and go to pay for gas, they will curiously ask you how to pay through it. This is how they will be introduced to Bitcoin. Especially the youth community of your area will take it very positively and you will see people coming from far and wide to get gas at your filling station.

El Salvador recently integrated Bitcoin as a payment method for gas stations in their country. And after some time you decided that it is really admirable. Hopefully, little by little, Bitcoin will become one of the means of transactions.

BlackBoss_

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Welcome to Announce your story with Bitcoin, first purchase, sale, business, education .... You made another type of initiative to help Bitcoin adoption locally.

Furthermore I saw you have your popcorn business. Do you consider to accept its payment in bitcoin?

You have workers under you and you can make deal with them to send them salary in bitcoin too. Did you consider about that?

Running your bitcoin full node and a Lightning Network channel is good.
[Tutorial] How to create Lightning Network Channel (Testnet BTC)
[Guide] How to run a Bitcoin Core full node for under 50 bucks!

blue Snow

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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,

I am glad to see you begin which rarely people do. First, before continuing to discuss, may I know where you come from?. Because in my country, the mini gas station is growing up in my village which can help people to buy gasoline where is far when buying from the city. But, because in my country bitcoin isn't able to payment, we can't do that in my country.

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

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.

as posted above, a wallet with your own private key (noncustodial wallet) is the best. But as I know, the Mini gas station is a small business with small money, better to you use a wallet with Lightning Network which supports small Bitcoin payments at a low fee.

TravelMug

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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.

LN (Lightning Network) wallet will the best for this kind of business because it's quick and fast and transactions are instant.

Here are some threads for starters:

Electrum Lightning Network Walkthrough
Basics of the Lightning Network
Overview of lightning network nodes owned by forum users
The Lightning Network FAQ
A Beginner's guideline to Bitcoin Lightning Network

SatoPrincess

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Congratulations on your new establishment. IMO adding bitcoin option as a secondary means of payment is not bad, but how many people do you think would pay for their gas with bitcoins. I don’t think it will have much impact in your business, in my country people see bitcoin as an asset and they do not like spending their bitcoins for whatever reason. There are others on the forum who are in similar business as you and also implemented bitcoin payment gateway, they will be in a better position to give advice.

drwhobox

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Congratulation first. It is a great step and I think it is an effective and unique one. A gas station is a place where people always come and pay regularly. Also you make your customers life easier with bitcoin payment, now they don't need wait for the changes or find their wallet to pay. They can pay the bill by scanning a QR code if you have one for bitcoin payment. But if you don't put a QR code along with bitcoin address people got demotivated, because people will find it uncomfortable to type all the characters of bitcoin wallet at a gas station.

Also I want to see some pictures of your gas station and how you implement or encourage people to pay with bitcoin.

CryptSafe

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Congratulations on this mile stone of yours mate. It is a good thing you have done to have made bitcoin a payment option for your services rendered as a means of payment for gas in your locality. I like what you have down mate, as I see based on what you have said, mostly people who patronize your gas station are youths so therefore, it would be of good benefits and importance that you do e needful just as you have said to enlighten them more on bitcoin and how it works so that they could be able to adapt quickly to it but I will advise you not to think or try a way of convincing them so that you do not put yourself into problem.

Smartvirus

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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.

dothebeats

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I'd most probably create two wallets for the business: one hot wallet for day in, day out transactions and; one cold wallet for long-term storage. Expect that you may not be getting a lot of payments in bitcoin because a lot would probably just flirt with the idea but will not commit given how well bitcoin is performing very recently. At least, it will give some awareness about bitcoin if they see a sign hanging outside your gas station saying "bitcoin accepted here." But yeah, you might have problems with confirmation times and all those, but if you are just trying it out, a simple wallet like Electrum would suffice. Be wary of double-spends though, enforce confirmations on transactions before letting your patrons go.

Congrats on the business!

Dr.Bitcoin_Strange

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It's a really good idea that you chose to introduce Bitcoin payment in your business as well as a way of promoting Bitcoin in your area. I have my own business, where I also accept Bitcoin payments. I usually don't leave payments I accept in Bitcoin because of price volatility; after receiving payment in Bitcoin, I usually convert to fiat currency and only keep my profit in Bitcoin. But that's your decision to make; Bitcoin volatility is also good for the business some times, because if the price of Bitcoin is going high, then you will definitely be making more profit added to the profit you made from your sales.

Also, to gain customers willing to pay in bitcoin, you should post an official notice in your business premises and make some advertisements on social media. You can also make stickers and give them to your customers to stick to their cars at will. that will get you more exposure.

Potato Chips

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Further payment processors can be found here: https://bitcointalksearch.org/topic/list-bitcoin-payment-processors-5444578
For holding/storing funds esp long term, I would recommend hardware wallets as well.

I would suggest investing in "bitcoin accepted" signages as well so you can reach more people. Adding bitcoin.org URL would be a nice touch for the people who are not familiar but curious enough. The website has some beginner friendly guides + the domain name is quite easy to remember/read even if you're just passing by.

Topic: Gas station payment with bitcoin. - page 7. (Read 1115 times)