How can we encourage local businesses to accept BTC? - page 18.

wxxyrqa

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Quote from: el kaka22 on October 28, 2017, 12:01:14 AM

Quote from: anonyme69 on October 26, 2017, 11:02:17 AM

Quote from: knightkon on November 18, 2015, 12:05:24 PM

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.

Local businesses with bitcoin mean you can open Scam businesses (you not need any proof) and not need to pay taxes (government will never allow this)

Every local businesses will still need to cash out eventually isn't it as their capital is absolutely in the bitcoin wallet as well and if a government deem it fit to tax bitcoin to fiat, I do not see how this would really be a problem. I do not see how this can result to scam anyway and everything can still end up being legal.

Without bitcoin, it is not like some people aren't still going through the illegal means, but it all balls down to the strict laws of the government and how they are going to control its usage.

it really will be a very complicated process as to how entrepreneurs can pay taxes and how the tax inspectorate will control these revenues. You are really very right about this point. But I think that if the state legalizes the crypto currency, then the problem will be solved by itself.

Svener

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Quote from: haroldtee on October 27, 2017, 04:29:22 AM

Quote from: XinXan on October 22, 2017, 06:09:23 PM

Quote from: BlueStackz on October 22, 2017, 04:10:34 PM

Quote from: posi on October 20, 2017, 10:53:51 PM

It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

There is no doubt to deny this fact that it is not an easy task to convince and encourage the ones sitting in the local market that they should accept bitcoins. Most of the investors and traders sitting in the local market are unaware of this concept of digital currency.

We need to tell them about bitcoin and other digital currencies and after that, we need to tell them what all wonders this bitcoin can bring.

But why would they accept bitcoin, there is no real benefit to them, they would have to be very aware of the price. Imagine you get paid in bitcoins at your store and you get 2 bitcoins that month, and you find out that bitcoin is now worth 1000$ less, you have to instantly sell your bitcoins and pay more fees, there is no benefit for stores.

There are services like Bitpay that auto converts it to your currency on the spot at that value at that moment and auto send it to your account straight up. Sure, we understand bitcoin is volatile, but that does not mean it cannot still be used in real life sense and as we start seeing more innovations around how this can be worked out, then we will obviously start seeing more adoptions.

But the transaction fee on bitcoin is very high,so still do you think the local traders will accept bitcoins because the profit might decrease while getting bitcoins as their payment than the fiat currency.So we need to take some measures to decrease the transaction fees then every traders will start to accept bitcoins also as their payment.

el kaka22

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Quote from: anonyme69 on October 26, 2017, 11:02:17 AM

Quote from: knightkon on November 18, 2015, 12:05:24 PM

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.

Local businesses with bitcoin mean you can open Scam businesses (you not need any proof) and not need to pay taxes (government will never allow this)

Every local businesses will still need to cash out eventually isn't it as their capital is absolutely in the bitcoin wallet as well and if a government deem it fit to tax bitcoin to fiat, I do not see how this would really be a problem. I do not see how this can result to scam anyway and everything can still end up being legal.

Without bitcoin, it is not like some people aren't still going through the illegal means, but it all balls down to the strict laws of the government and how they are going to control its usage.

tornistenbaskaptan

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i straight put BITCOIN ACCEPTED HERE SIGN to a friends bar and add a wallet his usuless old iphone 5 bump next week he was on the map i dunno how site collected info
already friend who has no clue wtf bitcoin is made sales for $342.55 in Manhattan midtown.
and now he asking ate you sure is this shit worth money

haroldtee

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Quote from: XinXan on October 22, 2017, 06:09:23 PM

Quote from: BlueStackz on October 22, 2017, 04:10:34 PM

Quote from: posi on October 20, 2017, 10:53:51 PM

It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

There is no doubt to deny this fact that it is not an easy task to convince and encourage the ones sitting in the local market that they should accept bitcoins. Most of the investors and traders sitting in the local market are unaware of this concept of digital currency.

We need to tell them about bitcoin and other digital currencies and after that, we need to tell them what all wonders this bitcoin can bring.

But why would they accept bitcoin, there is no real benefit to them, they would have to be very aware of the price. Imagine you get paid in bitcoins at your store and you get 2 bitcoins that month, and you find out that bitcoin is now worth 1000$ less, you have to instantly sell your bitcoins and pay more fees, there is no benefit for stores.

There are services like Bitpay that auto converts it to your currency on the spot at that value at that moment and auto send it to your account straight up. Sure, we understand bitcoin is volatile, but that does not mean it cannot still be used in real life sense and as we start seeing more innovations around how this can be worked out, then we will obviously start seeing more adoptions.

SamsungBitcoin

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Every time goes by some of countries starting to build a learning about bitcoin technology i think in the near future bitcoin will be more popular around the world and each country will build their own digital system to accept bitcoin then that is the time to encourage small business to make a step to accept bitcoin as part of their business its hard for now because bitcoin is not yet fully legalized that is why we need to wait for the moment that all people know about bitcoin.

scott1

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Because we spend so much time in crypto chats and reading crypto news we forget that the penetration of BTC and other digital assets is still very low among the general population. Thus, to get a small business owner who may have never heard of cryptocurrencies (maybe BTC... but even that is not always the case) to invest their time (opportunity cost) and money into something that doesn't seem like it would generate more revenue for their small business is a hard pitch. I think in time the ecosystem can get there but mainstream adoption needs to happen and infrastructure solutions need to be built that currently don't exist.

anonyme69

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Quote from: knightkon on November 18, 2015, 12:05:24 PM

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.

Local businesses with bitcoin mean you can open Scam businesses (you not need any proof) and not need to pay taxes (government will never allow this)

BitcoinCommodor

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Quote from: raven7886 on October 15, 2017, 05:57:58 AM

Quote from: The Cryptologist on October 12, 2017, 10:19:37 PM

Businesses that offers digital goods or operates online is very easy to be encouraged. Just state the facts that many online stores accepts btc already and local businesses will surely follow.

This will still take a lot of saliva from your mouth as well as encouragement to get them to understand unless they themselves are already familiar with the crypto ecosystem. Stating the facts that so many online stores are already beginning to accept it as payment method worldwide is one thing, but making them know what is all about, how transaction works and all they need to know is another thing.

Hmm…I don’t know if people will be interested in such meetings. You don’t just expect them to leave their business and come listen to you talk about Bitcoin, and Bitcoin is not even good for local businesses.

v0rtecxz

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the problem of bitcoin legality in my opinion is still a major problem in running it, because it would be difficult if from various parties do not support, the first most important they must first know bitcoin in order to start a business using bitcoin as a tool to support its business, and give information about bitcoin by giving them little advice about the benefits and advantages of bitcoin so that more and more people want to use it, for various transactions

Frank0209

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It is not easy to encourage local bussinesses accept Bitcoin if Bitcoin is not legalized in your country. Although you do anything it'll be useless cause Bitcoin is not legalized so maybe if they accept Bitcoin it'll be illegal and they will have to go to jail because of this case. Beside there are a lot of risky when anyone wanna invest in Bitcoin so I think it's really difficult to make bussinesses accept Bitcoin

XinXan

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Quote from: BlueStackz on October 22, 2017, 04:10:34 PM

Quote from: posi on October 20, 2017, 10:53:51 PM

It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

There is no doubt to deny this fact that it is not an easy task to convince and encourage the ones sitting in the local market that they should accept bitcoins. Most of the investors and traders sitting in the local market are unaware of this concept of digital currency.

We need to tell them about bitcoin and other digital currencies and after that, we need to tell them what all wonders this bitcoin can bring.

But why would they accept bitcoin, there is no real benefit to them, they would have to be very aware of the price. Imagine you get paid in bitcoins at your store and you get 2 bitcoins that month, and you find out that bitcoin is now worth 1000$ less, you have to instantly sell your bitcoins and pay more fees, there is no benefit for stores.

BlueStackz

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Quote from: posi on October 20, 2017, 10:53:51 PM

It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

There is no doubt to deny this fact that it is not an easy task to convince and encourage the ones sitting in the local market that they should accept bitcoins. Most of the investors and traders sitting in the local market are unaware of this concept of digital currency.

We need to tell them about bitcoin and other digital currencies and after that, we need to tell them what all wonders this bitcoin can bring.

Whosdaddy

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Quote from: posi on October 20, 2017, 10:53:51 PM

It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

Yeah you have to be smart enough that you better known okay this person can be interested in bitcoins.
There are so many people who are just trying to convince local businessmen. Just think, why they are interested in bitcoins when their business is going so amazing ?

Why they need bitcoin as mode of transaction? You have prepare with these basic questions for better convincing.

Xenophoto

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Quote from: posi on October 20, 2017, 10:53:51 PM

It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

I don't think that that's enough. In this forum, we are all well-educated about bitcoins, have an Internet connection, have read multiple articles about bitcoin, and understands the benefit of accepting bitcoin in our business. But are we accepting bitcoin at all? Of course we all don't have a store in real life but simply accept bitcoin for payments such as getting paid for some basic tasks like tutoring, etc. Do we accept bitcoin at all? Not at all. That just proves that even after you knew about bitcoin, you are not just going to accept it because there aren't not much bitcoin users around. Another thing, making everyone aware that you accept bitcoin is just so in the future. Bitcoin is the future, but not the present. People aren't going to transact with you just because you accept bitcoin and most people that would pay you in bitcoins are people that you are transacting with on the Internet.

posi

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It not easy to encourage local business owner to accept bitcoin because most of the bitcoin network base on the internet and some of the local business owner are not educative or surfing the internet. Therefore, if you want to encourage a local business person make sure he/she is education, have an internet and provide him/her the right article to read so the business owner will understand the benefit in accepting bitcoin.

sorrysteve1

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Businesses will do whatever their customers demand eventually, if enough people want to pay in bitcoin then they will eventually accept bitcoin as a payment.

FLoving

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Quote from: hh4mmm on October 19, 2017, 10:45:35 PM

for a local business to accept BTC firstly we have to introduce them about the btc how it works, before they can have feeling for in nutshell wen they see customers asking about btc, they all have to adopt.

You don’t need any long scripts for making the whole thing easy for them. No, they don’t understand this crypto world. And as our people are not much delighted with technology, they usually call it as a scam. So just give the brief, easy worded introduction and show them your accounts. Describe them what was the condition of account before and after using bitcoins.

KroFly

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Quote from: hh4mmm on October 19, 2017, 10:45:35 PM

for a local business to accept BTC firstly we have to introduce them about the btc how it works, before they can have feeling for in nutshell wen they see customers asking about btc, they all have to adopt.

It seems to me that it's time to organize special support centers, which will tell the lovers about what is the crypto currency. This is especially true in those countries where bitcoin is administered. Businessmen will also learn about bitcoin

ckorbba

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earlier I was just in a misunderstanding from the way in which our businessmen in my country can take payment in Bitcoin for their services or goods. After all, officially while Bitcoin is not recognized in the country, and how its business will be taxed. But recently I came across an Internet resource in my country where I can freely buy electronics and digital equipment for Bitcoin. I am really very glad about this.

Topic: How can we encourage local businesses to accept BTC? - page 18. (Read 185011 times)