Topic: How can we encourage local businesses to accept BTC? - page 34. (Read 184968 times)
Just introduced first the bitcoin in the local business to accept it. Because if the local business not know the BTC as currency they cannot use it in exchange of their products or service. However, if the local business accept it as currency it was easy to encourage the other business to accept it.
By campaigning massively bitcoin through mass media, local media, newspapers, with the help of banners, posters, etc., I think that way we can encourage local businesses to accept bitcoin and maybe local businesses will grow if more people receive bitcoin as a means of payment.
What if you are the only one that wants to push bitcoin to your nearby local businesses? You will spend too much money with it, you may raise the awareness but you are not sure if those businesses will adopt and accept bitcoin. Don't fall into the conclusion of doing some massive campaign, you only need sometime to talk to those business owners. Now few business are getting lured to start accepting btc as a mode of payment after the recent surge in the btc price where it went till 2500$+ . They only concern is that what if within short span it drops drastically and every time they need to immediately needs to sell of btc in order to get their right value on spot.
I don't think that can be a big issue. If you are not from the U.S. you can always wait for dollars to increase and you can still profit if you wait. Because technically for now you cant buy physical goods by bitcoin. You have to convert it. If i were to be a local business manager, i can accept btc regardless of it's price in the marketcap. As long as the transaction is legit and i saw it with my own eyes then it is ok. But off courese different strategy when you really are from the U.S.
Now few business are getting lured to start accepting btc as a mode of payment after the recent surge in the btc price where it went till 2500$+ . They only concern is that what if within short span it drops drastically and every time they need to immediately needs to sell of btc in order to get their right value on spot.
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.
One step at a time - however, in the Philippines the idea of btc has been welcomed though not yet endorse by a lot, but the possibility of using btc as a payment method could be implemented. 
A proper time need to be noted to start accepting bitcoin into the local business. Right now if you start accepting bitcoin into local business in yourlocality people without thinking decide that what you're doing is something a illegal business. This is because of the ransomware impact. Hope when something good comes in media about bitcoin execute the plan to profit good.
By campaigning massively bitcoin through mass media, local media, newspapers, with the help of banners, posters, etc., I think that way we can encourage local businesses to accept bitcoin and maybe local businesses will grow if more people receive bitcoin as a means of payment.
Thats a face palm suggestion. What is this? Are we marketing a product? Are we that desperate to have the people use it?
You should be asking yourself if those people, you want to get into Bitcoin, really do need to use it. The answer is mostly no. The best they can do with BTC is buy, hoard and hold as an investment.
By campaigning massively bitcoin through mass media, local media, newspapers, with the help of banners, posters, etc., I think that way we can encourage local businesses to accept bitcoin and maybe local businesses will grow if more people receive bitcoin as a means of payment.
There's a lot of censorship and control gong on in the media. They only show good things, and then show only the bad side of certain topics because they are biased. Aside from it's not going to be just accepted right away, who's going to pay for all these? The advertisement on TVs costs a lot. Plus, the watchers of the TV are probably not that tech savvy since most tech savvy people are always lurking around the Internet. Maybe it will be even better if bitcoin gets featured by tech related channels on youtube.
Bitcoin is not a product. You can advertise all you want but it's not easy to convince a regular Joe to start using it. Plus, the government will not allow us to just advertise bitcoins since it's not under their control and it's against them.
By campaigning massively bitcoin through mass media, local media, newspapers, with the help of banners, posters, etc., I think that way we can encourage local businesses to accept bitcoin and maybe local businesses will grow if more people receive bitcoin as a means of payment.
I don't think that is necessary for Bitcoin in order to be accepted by Local Businesses. And don't you think that it is inappropriate for us to be advertising Bitcoin at mass media? The only way we can make Bitcoin more known is good news in which they will give it an article for us to read. Also the demand of Bitcoin is what we only need for Local Businesses to accept Bitcoin. A massive increase in demand might change the perspective of these businesses about Bitcoin. 
By campaigning massively bitcoin through mass media, local media, newspapers, with the help of banners, posters, etc., I think that way we can encourage local businesses to accept bitcoin and maybe local businesses will grow if more people receive bitcoin as a means of payment.
Bitcoin should be configured in POS machines of merchants so that they can accept direct BTC payments , and settlement shld be to their local bank accounts
I dont understand? Why is there a need to have the settlement to their local bank accounts? Why not copy the model done online and use that offline? Thats more efficient.
He's saying that Point of Sales (POS) machines should be designed to accept bitcoin. So those shoppers that will pay through credit card, debit card or bitcoin will automatically goes to the bank. But this type of implementation for me seems to be not effective as it needs more time and effort for working with this matter.
If thats what hes saying then theres no need to include BTC acceptance for POS machines. Debit card, credit cards and cash will do just fine. What problem was BTC trying solve by including it there? Do you get the point?
Right now it's probably impossible to convince them but because most of the people that are using bitcoin right now are young, very young (60% of users are between 10-34 years old) meaning that in the near future those people will likely use bitcoin for their business if bitcoin continues its development so we really don't have to convince anyone, it's a matter of time.
to me i think if a person have the ability of convincing people and if a person have good knowledge about bitcoin, then i am sure that he can convince a person to adopt bitcoin in his business, i think so many people have already started online business and they are using bitcoin instead of fiat or USD, i think they are really happy with their decision. That doesn't make any sense. Bitcoin is anonymous so people are not going to use it to pay you? Paper money is even more anonymous since it doesn't have anything but finger prints which can easily be replaced by another finger print. If someone pays you fiat, do you ask for their name and their whereabouts/whatabouts? I don't think so. If people aren't using bitcoins to pay you, then it's alright. You've been accepting fiat anyway.
When a buyer used bitcoin to pay you, it's even in their advantage. If you accidentally overcharged him, you can simply send back some of the money to the payer's address and then add some message to it. Transaction time is getting longer and longer but it's almost impossible to double spend in bitcoins as of now.
Property and BTCitcoin lending is one way to double your profits in the medium and long term.
Use your business instinct appropriately and wisely.
Happy profit.
Use your business instinct appropriately and wisely.
Happy profit.
Bitcoin should be configured in POS machines of merchants so that they can accept direct BTC payments , and settlement shld be to their local bank accounts
I dont understand? Why is there a need to have the settlement to their local bank accounts? Why not copy the model done online and use that offline? Thats more efficient.
He's saying that Point of Sales (POS) machines should be designed to accept bitcoin. So those shoppers that will pay through credit card, debit card or bitcoin will automatically goes to the bank. But this type of implementation for me seems to be not effective as it needs more time and effort for working with this matter.
Right now it's probably impossible to convince them but because most of the people that are using bitcoin right now are young, very young (60% of users are between 10-34 years old) meaning that in the near future those people will likely use bitcoin for their business if bitcoin continues its development so we really don't have to convince anyone, it's a matter of time.
to me i think if a person have the ability of convincing people and if a person have good knowledge about bitcoin, then i am sure that he can convince a person to adopt bitcoin in his business, i think so many people have already started online business and they are using bitcoin instead of fiat or USD, i think they are really happy with their decision. That doesn't make any sense. Bitcoin is anonymous so people are not going to use it to pay you? Paper money is even more anonymous since it doesn't have anything but finger prints which can easily be replaced by another finger print. If someone pays you fiat, do you ask for their name and their whereabouts/whatabouts? I don't think so. If people aren't using bitcoins to pay you, then it's alright. You've been accepting fiat anyway.
When a buyer used bitcoin to pay you, it's even in their advantage. If you accidentally overcharged him, you can simply send back some of the money to the payer's address and then add some message to it. Transaction time is getting longer and longer but it's almost impossible to double spend in bitcoins as of now.
Bitcoin should be configured in POS machines of merchants so that they can accept direct BTC payments , and settlement shld be to their local bank accounts
I dont understand? Why is there a need to have the settlement to their local bank accounts? Why not copy the model done online and use that offline? Thats more efficient.
Right now it's probably impossible to convince them but because most of the people that are using bitcoin right now are young, very young (60% of users are between 10-34 years old) meaning that in the near future those people will likely use bitcoin for their business if bitcoin continues its development so we really don't have to convince anyone, it's a matter of time.
to me i think if a person have the ability of convincing people and if a person have good knowledge about bitcoin, then i am sure that he can convince a person to adopt bitcoin in his business, i think so many people have already started online business and they are using bitcoin instead of fiat or USD, i think they are really happy with their decision. My biggest question about this is how transfer fees should be handled.
Imagine wanting to buy something that costs $0.50 or $1.00.
Your transfer fees could be equal to the amount of the item you're purchasing.
Should retailers cover transfer fee amounts or should buyers?
Which is the better business model geared for growth and overall value/equality?
Imagine wanting to buy something that costs $0.50 or $1.00.
Your transfer fees could be equal to the amount of the item you're purchasing.
Should retailers cover transfer fee amounts or should buyers?
Which is the better business model geared for growth and overall value/equality?
Two scenarios I can think of
The first one and the obvious one is that the buyer's going to pay for the fees. If the seller was to cover the 1$ fee for a 0.50$ transaction, then he just earned -0.50$. Continuing this strategy will lead to bankruptcy. I've bought stuffs on online shops and most of the time, you pay for the shipping fee. But upon reaching a certain amount, they pay for it. Maybe the same thing can be applied to stores accepting bitcoins.
The second one will be the seller covering the transaction fees but the price of their items will increase. This is a good marketing strategy since it gives the illusion to the customer that they saved some money because of the free transaction fee when in fact it's already added to the price of the item. Most online shops are like this. They already include the shipping fee on the price of the item and then put "Free shipping" on their advertisements.
we can encourage them but not that fast, we can make our way in simplest way try to introduce first the bitcoin to them and make money on bitcoin show them your proofs that's the way you can encourage them not that fast but sure.
It's a step by step process and yes, it will be not that fast but ones they started to recognize and understand what bitcoin is. They will freely adopt it for their business. Since they don't need capital for it as they will be the ones receiving payment and will not pay people for bitcoin. It's a matter of choice to them and additional way for receiving payment.
My biggest question about this is how transfer fees should be handled.
Imagine wanting to buy something that costs $0.50 or $1.00.
Your transfer fees could be equal to the amount of the item you're purchasing.
Should retailers cover transfer fee amounts or should buyers?
Which is the better business model geared for growth and overall value/equality?
Imagine wanting to buy something that costs $0.50 or $1.00.
Your transfer fees could be equal to the amount of the item you're purchasing.
Should retailers cover transfer fee amounts or should buyers?
Which is the better business model geared for growth and overall value/equality?
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