How can we encourage local businesses to accept BTC? - page 28.

btcdevil

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Quote from: rhamzter on July 30, 2017, 12:51:23 AM

Quote from: Casdinyard on July 27, 2017, 10:31:21 AM

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.

If I am a local business bitcoin can catch my attention if bitcoin assured to me that my business is safe from any other scammer and a lot of people will become interested to my products and services. Yes in bitcoin the transactions is fast, the payment is also fast but who's my target clients? Only bitcoin users, maybe my income was lessen or else my business will die. Why? Because not all people used bitcoin.

Agreed to your point, it is a valid point because i have seen their are lot of local shops who are accepting bitcoin but they business is not even 1% of the fiat currency because first their should be lot of bitcoin users and more over the price should be controlled and stable then only the local business people will use it. Because high fluctuations will always keep them fear of if the price downfall then their income will also get reduced.

rhamzter

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Quote from: Casdinyard on July 27, 2017, 10:31:21 AM

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.

If I am a local business bitcoin can catch my attention if bitcoin assured to me that my business is safe from any other scammer and a lot of people will become interested to my products and services. Yes in bitcoin the transactions is fast, the payment is also fast but who's my target clients? Only bitcoin users, maybe my income was lessen or else my business will die. Why? Because not all people used bitcoin.

mharz

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If you want to encourage local businesses to accept BTC you just need to promote first the bitcoin in easy way. Also try to suggest the advantage and disadvantage of cash and bitcoin to see the good side part of bitcoin into our industry.

Wingo

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A faster transaction is the ultimate role of btc as a digital currency. Furthermore, it can easily be converted to other currencies. It would not require hassle transfer of physical money. The value of bitcoin is also increasing at this point. Therefore the value of the earnings can also increase (while it is still in the bitcoin currency) as the bitcoin value increases.

player514

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Quote from: Casdinyard on July 27, 2017, 10:31:21 AM

I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.

The issue lies beyond just informing people. The value of bitcoin fluctuates so much. In my opinion, it doesn't make sense for sellers to take btc as payment due to the volatility of it. It's similar to if sellers accepted stocks for payment instead of cash. They might end up losing value due to the everyday changes in the market.

Casdinyard

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I think they' ll be more encourage if we tell them how much is the value of btc now and what will be the value in the future. It's benefit and advantage of having bitcoin in a wallet is like securing ourself in the future. If there will be a mass awareness about bitcoin this will be all be a piece of cake.

fanbeila

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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.

Most of the local retailers don't have any clear idea about bitcoins.They must be individually approached and must be explained about bitcoins.They must be explained that once payment is made in bitcoin,it could not be reversed.Also,they should be explained that though bitcoin price is highly volatile,its price has increased considerably from its previous price.They should be said that unless governments regulate bitcoin,their bitcoin earnings will not be taxed.

LeeMinHoa

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A business is all about the "Bottom Line".

If it makes sense for the business and will help them succeed, and the proper profit motive and means to accomplish more profit is explained and understood, they will invest.

"Money is Made when Money is Moved."
(Like VISA or ATM transaction fees)

Helping businesses earn a transaction fee for accepting bitcoin would do wonders to bitcoin usage and acceptance.

Instead of paying Visa a fee for allowing a credit card to be used at their business, they could earn the fee themselves for accepting bitcoin (just the opposite of the Credit Card Scenario).

pecson134

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First we need to explain to those investor how convenient to use bitcoins when dealing with their business where you just need a minute or two just to deal with each transaction despite on those confirmation fees.But more importantly is the time it takes to finish one transaction efficiently using bitcoins rather than physical currency.

carlerha

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Quote from: Kersh768 on July 26, 2017, 09:55:36 PM

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.

You need to first have a broad but systematic researcg about every angle of Crypto currency in order to convince them. You need to identify the strengths and weaknesses of having Bitcoin as a currency. And cite some example where bitcoin shows advantages, more like situations and facts. Research how do the countries that legalized it, feels and experiencing after the legalization.

to me i think the most important is to teach them about bitcoin and when they become use and familiar with bitcoin then we can teach them about it how to use it and may be then they start taking interest in bitcoin. but i think it will take a lot of time because it is not such an easy job.

chichigirl

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First thing, I need to familiarize and learn all the advantages and disadvantages of having or using bitcoin in all local businesses or stablishment because of that I will become more confindent now to tell all the benefits of BTC for us.

Social media like facebook, twitter, television, even flyers, magazines, and radio of course will play a great role to advertise the bitcoin and how to use it and how to invest with it. Through advertisement, We can encourage someone to use bitcoin in business sector.

Fundamentals Of

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Quote from: Inkdatar on July 26, 2017, 07:34:26 AM

Quote from: kulets on July 24, 2017, 10:56:04 AM

how is btc value if they'd accept it? because we all knew that btc is going up and down.

We have to make a ways that bitcoin will accept in local businesses. Lets think of a better side though at first its hard thing to do. We can convince them by printing an ads and its benefits to users. Bitcoin fluctuation is normal with the up and down thats why most are investing in. I think by doing this thing will added a help and will encourage to accept btc.

The general path of bitcoin is upward. It is actually a single stone hitting two birds if a business establishment will accept bitcoin as a mode payment. When someone buys from them an automatic profit is already there. They will in turn hold their bitcoin for its price to grow more. Another round of profit will be earned. That is not just double profit since bitcoin is definitely going triple and more in due time.

Kersh768

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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.

You need to first have a broad but systematic researcg about every angle of Crypto currency in order to convince them. You need to identify the strengths and weaknesses of having Bitcoin as a currency. And cite some example where bitcoin shows advantages, more like situations and facts. Research how do the countries that legalized it, feels and experiencing after the legalization.

Clavulanic

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Quote from: karabasss on July 26, 2017, 02:16:07 PM

Quote from: Forbiddenone on July 26, 2017, 08:02:41 AM

Quote from: Inkdatar on July 26, 2017, 07:34:26 AM

Quote from: kulets on July 24, 2017, 10:56:04 AM

how is btc value if they'd accept it? because we all knew that btc is going up and down.

We have to make a ways that bitcoin will accept in local businesses. Lets think of a better side though at first its hard thing to do. We can convince them by printing an ads and its benefits to users. Bitcoin fluctuation is normal with the up and down thats why most are investing in. I think by doing this thing will added a help and will encourage to accept btc.

Lets be realistic,local traders will not accept it ,they do business transaction in micro and they need instant payout.they are not big mnc company who can gamble with money to start accepting btc.but some local traders do gambling by going for forex or share market,you can encourage them to invest in cryptocurrency.

You are right, for small businessmen bitcoin will cause many problems. But if a large investment company takes bitcoin, it will be more realistic. I think that there are many who want to do financial transactions with Bitcoin

Their agressiveness is a good example on how other people will be seing them as promising bitcoin investor for the future. To make it realistic, we must help promote bitcoin to local businesses and let bitcoin to be their sustainable income and investments as well. But think it's an easy part here because we've been going lot's of challenges before that happened.

karabasss

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Quote from: Forbiddenone on July 26, 2017, 08:02:41 AM

Quote from: Inkdatar on July 26, 2017, 07:34:26 AM

Quote from: kulets on July 24, 2017, 10:56:04 AM

how is btc value if they'd accept it? because we all knew that btc is going up and down.

We have to make a ways that bitcoin will accept in local businesses. Lets think of a better side though at first its hard thing to do. We can convince them by printing an ads and its benefits to users. Bitcoin fluctuation is normal with the up and down thats why most are investing in. I think by doing this thing will added a help and will encourage to accept btc.

Lets be realistic,local traders will not accept it ,they do business transaction in micro and they need instant payout.they are not big mnc company who can gamble with money to start accepting btc.but some local traders do gambling by going for forex or share market,you can encourage them to invest in cryptocurrency.

You are right, for small businessmen bitcoin will cause many problems. But if a large investment company takes bitcoin, it will be more realistic. I think that there are many who want to do financial transactions with Bitcoin

Forbiddenone

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Quote from: Inkdatar on July 26, 2017, 07:34:26 AM

Quote from: kulets on July 24, 2017, 10:56:04 AM

how is btc value if they'd accept it? because we all knew that btc is going up and down.

We have to make a ways that bitcoin will accept in local businesses. Lets think of a better side though at first its hard thing to do. We can convince them by printing an ads and its benefits to users. Bitcoin fluctuation is normal with the up and down thats why most are investing in. I think by doing this thing will added a help and will encourage to accept btc.

Lets be realistic,local traders will not accept it ,they do business transaction in micro and they need instant payout.they are not big mnc company who can gamble with money to start accepting btc.but some local traders do gambling by going for forex or share market,you can encourage them to invest in cryptocurrency.

Inkdatar

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Quote from: kulets on July 24, 2017, 10:56:04 AM

how is btc value if they'd accept it? because we all knew that btc is going up and down.

We have to make a ways that bitcoin will accept in local businesses. Lets think of a better side though at first its hard thing to do. We can convince them by printing an ads and its benefits to users. Bitcoin fluctuation is normal with the up and down thats why most are investing in. I think by doing this thing will added a help and will encourage to accept btc.

kulets

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how is btc value if they'd accept it? because we all knew that btc is going up and down.

Vixmore

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We can encourage local businesses in many different ways, one of them being we can send out factual emails that describe the benefits of using bitcoin as a payment method for their customers. Alternately, you can also send out flyers, as mentioned by another user, or some other sort of contact. Usually, email is the best way to get to someone fast.
However, some small scale businesses may not be ready when they are thinking about implementing bitcoins as they have a hard enough time managing their wired transactions. I would say that businesses that are ready will adopt bitcoin, and those who are not yet will let it go for some time in the future.

User365

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Just get many people to ask them (the local businesses) if they accept bitcoin, if everyday the staff is asked 5 tines avout payment via bitcoin, they might consider it.

Another thing would be to make people in charge excited about bitcoin.

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