How can we encourage local businesses to accept BTC? - page 44.

pinkflower

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Quote from: bhadz on February 18, 2017, 04:22:13 AM

Quote from: pinkflower on February 18, 2017, 02:17:22 AM

Thats what I keep saying. Yet I see many other people dont care and keep saying that local shops should accept BTC. Its really hard to be involved in a good discussion because they dont read the posts.

Everyone, theres no need for your local shop to accept BTC. All they need is cash. Cash simply works and its faster.

The idea of encouraging them to accept bitcoins is just another option for them and they can even do something new about it. We know that most of them are just accepting cash but this type of acceptance for their payments is somehow unique though the thing is that you just need to explain to them what bitcoin is and possibility to create another investment with it.

It can be an option for them but what use will it be for them? Will it be worth it for them to hold BTC with all the volatility, the recently regular high mem pool size and the hassle to convert back to fiat? Are the local shops' customers BTC holders? If only adding another option is your reason, why not encourage them to accept US dollars or gold as well? Those are good options too.

pinkflower

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Quote from: ImHash on February 18, 2017, 02:30:27 AM

Bitcoin is not for streets and local stores, I think it's better if everyone just sticks to use it as an online currency and payment method.
Most of the world haven't heard about bitcoin yet. only online communities need to adopt the system, expecting the streets to adopt it is too optimistic.

Regular online stores dont have to use BTC either. Thanks to the banks and credit cards, buying what you want online hasnt been so much easier. Imagine youre a regular user who doesnt own any BTC. All you have to do is search on Google and you find everything you want all payable by using your credit card. Why do I need to go to an online Bitcoin shop and do all the hassle of buying a small amount of BTC just to buy an item thats already available at a regular online shop?

bhadz

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Quote from: pinkflower on February 18, 2017, 02:17:22 AM

Thats what I keep saying. Yet I see many other people dont care and keep saying that local shops should accept BTC. Its really hard to be involved in a good discussion because they dont read the posts.

Everyone, theres no need for your local shop to accept BTC. All they need is cash. Cash simply works and its faster.

The idea of encouraging them to accept bitcoins is just another option for them and they can even do something new about it. We know that most of them are just accepting cash but this type of acceptance for their payments is somehow unique though the thing is that you just need to explain to them what bitcoin is and possibility to create another investment with it.

wizmo

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Quote from: ImHash on February 18, 2017, 02:30:27 AM

Bitcoin is not for streets and local stores, I think it's better if everyone just sticks to use it as an online currency and payment method.
Most of the world haven't heard about bitcoin yet. only online communities need to adopt the system, expecting the streets to adopt it is too optimistic.

Quote from: wizmo on February 18, 2017, 02:23:22 AM

Explain to them about bitcoin price and encourage them to invest in it as bitcoin price is high and will continue to rise in future.

Do you truly believe that yourself or just saying it? if you do then you should be buying every day to accumulate for the future.

One of my friend on another forum told me to invest in btc to make easy profit at that time btc price was around $630-650 I've got some good profit over past few months so if people can encourage local business to invest in btc then they will for sure.

ImHash

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Bitcoin is not for streets and local stores, I think it's better if everyone just sticks to use it as an online currency and payment method.
Most of the world haven't heard about bitcoin yet. only online communities need to adopt the system, expecting the streets to adopt it is too optimistic.

Quote from: wizmo on February 18, 2017, 02:23:22 AM

Explain to them about bitcoin price and encourage them to invest in it as bitcoin price is high and will continue to rise in future.

Do you truly believe that yourself or just saying it? if you do then you should be buying every day to accumulate for the future.

wizmo

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Explain to them about bitcoin price and encourage them to invest in it as bitcoin price is high and will continue to rise in future.

pinkflower

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Thats what I keep saying. Yet I see many other people dont care and keep saying that local shops should accept BTC. Its really hard to be involved in a good discussion because they dont read the posts.

Everyone, theres no need for your local shop to accept BTC. All they need is cash. Cash simply works and its faster.

Fatanut

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Quote from: pinkflower on February 17, 2017, 03:06:13 AM

Quote from: Babayega31 on February 14, 2017, 08:46:42 PM

Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

Ok then who will be their customers thats using BTC? Its already hard to start a Bitcoin accepting online shop because most BTC hodlers would select to keep their coins or sell it for cash because its more convenient for them than buying stuff directly with BTC. Theres no need for your local shops to accept BTC.

Do this. Name what local shops in your area should accept BTC and discover why havent they accepted it.

I doubt that there would be a reasonable reason why should they accept bitcoins. Local shops would always have local customers that have local fiat. Only reason for a local shop to accept bitcoins is if there's a lot of tourists coming to his shop. Example of this is in Hawaii, tourists all over the world are there and using bitcoins would save customers the hassle to convert their money to your local currency. Same advantage to you, you wouldn't have to convert their money to your local currency before you can use it.

In other words, bitcoin is the only true universal currency and a local shop would only be needing to accept bitcoins if they have customers from all over the world.

Wintersoldier

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Quote from: xIIImaL on February 16, 2017, 01:18:05 PM

Quote from: Babayega31 on February 14, 2017, 08:46:42 PM

Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

Everything is fine, I have a doubt about how in bitcoin we can manage the taxes and payments which involves the legalized platform in decentralized currency. Then all kind of payments would against legal rules right. I think first we need bitcoin to accept by government then only your view possible in real life.

I agree with you, Bitcoin's cureency is legal. Taxes abd payments can be added by a country's government if they want through giving taxes for every single transaction, cashing in, and cashing out. Some government support Bitcoin already to be used in legal business purposes and payments for online transaction. It's indication that Bitcoin has a future in the market.

pinkflower

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Quote from: Babayega31 on February 14, 2017, 08:46:42 PM

Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

Ok then who will be their customers thats using BTC? Its already hard to start a Bitcoin accepting online shop because most BTC hodlers would select to keep their coins or sell it for cash because its more convenient for them than buying stuff directly with BTC. Theres no need for your local shops to accept BTC.

Do this. Name what local shops in your area should accept BTC and discover why havent they accepted it.

Diced90

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This is a mammoth task convincing local businesses but the best easy targets should be those that provide digital content that might be easy targets for charge backs and fraud, and introducing them to bitcoins should cut down on those scams to zero which should be a huge benefit to use btc!

xIIImaL

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Quote from: Babayega31 on February 14, 2017, 08:46:42 PM

Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

Everything is fine, I have a doubt about how in bitcoin we can manage the taxes and payments which involves the legalized platform in decentralized currency. Then all kind of payments would against legal rules right. I think first we need bitcoin to accept by government then only your view possible in real life.

rekinthis

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Quote from: OrangeSeller on February 08, 2017, 03:15:49 AM

Quote from: acekamath on February 08, 2017, 12:48:46 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.

As bitcoin is a way to conduct transactions through means of the internet and not cash most of the business owners will tin twice before considering to accept payment in btc rather credit or cash.

there is no transaction fees as such
Try explaining them about the benefits of bitcoin

nowadays explaining someone about bitcoin is not a big deal. internet is full of data, contents and details about bitcoin. thousands of websites wrote about bitcoin and it's benefits. so it should be easy for any adult person to get knowledge about bitcoin.

Yes there is alot of information about bitcoin in the internet, but problem is that there is too much of information, and when people try to find information about them they simply get lost, they can find what is bitcoin pretty easily but nothing more. And this will happen till someone will create ads/shows about bitcoins and show them to people using tv, that's how we can encourage people and businesses to use bitcoins

WhiteStar_

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Quote from: Erzatium on November 19, 2015, 06:12:25 AM

You could also make flyers with info on it linking them to a website that has info about bitcoin

You could hand them out personally and talk to them, give them a short explantion as to why you support bitcoin

Yeah flyers and handling them o personally will help you alot in encouraging local businesses to accept bitcoins payments

Babayega31

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Yes we can encourage local businesses to accept bitcoin by means of letting those business owners to register at online wallet of bitcoin and fiat currency exchange. He/she will appreciate the advantages and usefullness of digital and fiat currency in terms of fast service and low transaction fees. In that aspect of bitcoin overview that online wallet that he/she will be using is a mediator of any currency that will be paid or converted as form of payment which can cash out as profit to them, through recommended bank.

sayyedraza

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i think by Next 5 year 99.9% companies will accept Bitcoin Wink

Carmen_Sandiego

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Quote from: shintosai on February 09, 2017, 08:24:29 AM

Quote from: shield132 on February 09, 2017, 07:41:02 AM

For this, at first you need to have active bitcoin users in real life because if people don't know it, you can't encourage local business to accept btc. At first here is a need of bitcoin's popularity, well it's not easy job but internet makes great actions for that, many people gets information from blogs, news websites and etc. At last, I want to say, if they won't accept bitcoin, they smally affect their business. <-- that's main reason why they have to accept.

its really hard convincing local businesses to use this system because most of them is not familiar with this type of currency convincing them needs to be more tricky like showing them whats the benefits of fluctuations and how much earnings that they got if they start bitcoin service for sure because its new and there non competition they will be visited with bitcoin holders from that such place.

This is something that, in fact, will depend more on users. Some merchants may not even be interested in decentralization, but certainly they care about profit, so if they realize that there is a high number of active Bitcoin users, they would certainly have an incentive to adopt the currency. If the merchant did not take such measure, the merchant would be at risk of losing customers to a competitor who would use Bitcoin.

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Quote from: btcdiggingmaster on February 10, 2017, 07:14:50 AM

It will be very easy for us to explain to people who wants to setup online shop selling their product for bitcoin. We have explain the benefits that he is going to get with bitcoin and at the same time we have to help him to learn about bitcoin trading. Bitcoin acceptance is a good idea but the price is varying so he may face some looses when price decreases, so we have to train him about trading in this way he may convince about it.

Explaining is very easy, but convincing them to use bitcoin is the hard part. I am sure that there will always be a hesitation from merchants side as this is new to them and most probably telling them about trading would just make them think that it is risky. I think it should be told when they are already using bitcoin. They should know first that the price of bitcoin fluctuates a lot, so they won't regret it later on that they accept bitcoin.

btcdiggingmaster

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It will be very easy for us to explain to people who wants to setup online shop selling their product for bitcoin. We have explain the benefits that he is going to get with bitcoin and at the same time we have to help him to learn about bitcoin trading. Bitcoin acceptance is a good idea but the price is varying so he may face some looses when price decreases, so we have to train him about trading in this way he may convince about it.

nikona

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It depends on where you are and if the local business works online or just offline. I have a few places around me and I want them to accept BTC but they do not even use internet. It is a really tough sell for them. On the other hand, if its a online store and you know the owner then tell them how bitcoin is growing and how it is the future of currency. Would be helpful for him as well especially if he gets some orders internationally.

Topic: How can we encourage local businesses to accept BTC? - page 44. (Read 184968 times)