How can we encourage local businesses to accept BTC? - page 64.

Newcoins2020

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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.

I think that Bitcoin is already making good moves with making a deal with Steam now they have to get amazon as well. If they manage to get amazon then they will get more popular.
Bitcoin needs to get popular among the people so that the local businesses will get interested.

Mastsetad

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Quote from: rifiuti on October 16, 2016, 05:37:56 PM

To encourage small businesses to accept BTC, first there should be enough demand for paying with BTC. During the crisis in Greece, we could push the Bitcoin to the country, place the BTC ATM's, "Square"(the company) style BTC swipers and encourage people to buy Bitcoin from a greek BTC exchange website.

The point about demand is absolutely correct and i have no knowledge that crisis thing in Greece or anywhere, but i surely know that a local business before starting to accept bitcoin as a payment system should make sure if bitcoin is in demand in that location so that if he adopts it he do not face failure.

Bit1334271

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Encouraging small businesses and local is very difficult in many countries because of price and some other factors specially in developing countries because peoples have many problems related to networks and electricity its need time and some special effort which is doing by some hope this could be good in near future for bitcoins and all of us

wxa7115

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Quote from: rifiuti on October 16, 2016, 05:37:56 PM

To encourage small businesses to accept BTC, first there should be enough demand for paying with BTC. During the crisis in Greece, we could push the Bitcoin to the country, place the BTC ATM's, "Square"(the company) style BTC swipers and encourage people to buy Bitcoin from a greek BTC exchange website.

Times of crisis are also times of opportunity while I have no knowledge about the Greece situation I do know that in Argentina during the crisis bitcoin adoption grew because of the tight control of the government.

rifiuti

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To encourage small businesses to accept BTC, first there should be enough demand for paying with BTC. During the crisis in Greece, we could push the Bitcoin to the country, place the BTC ATM's, "Square"(the company) style BTC swipers and encourage people to buy Bitcoin from a greek BTC exchange website.

hawkins

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perhaps by introducing bitcoin to the community, and local sellers. besides that we also have to explain the advantages and benefits bitcoin transactions are easy and fast. simply multiply excellence in bitcoin might also be introduced. so maybe they would be interested to receive and use bitcoin

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Quote from: Harlot on October 16, 2016, 01:35:40 AM

Quote from: chen miao on October 16, 2016, 01:11:57 AM

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse

Actualy its more than that to make them say yes to bitcoin. For example how does car brands accept loan payment for up to 5 years or 60 monthly payments and don't have any interest. It is because they are encourage by banks to do it and they are being paid to use it . It is a win win scenario where a bank can say that there card gas many uses and has 0% interest on using it as a payment method.

I agree that it really takes more than a story to make businesses accept bitcoin. Regarding to percent interest, we all know that it was already marked-up on the item. You can do the same even if you use bitcoin to pay for your car loans. In the world of business, it is impossible to believe that people don't have commision in their services. There is always a catch.

wxa7115

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Quote from: Harlot on October 14, 2016, 02:44:18 AM

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Quote from: martinacar on October 12, 2016, 09:09:36 AM

How to encourage local businesses to accept btc hmm.. good question and difficult to answer. I don't think "we" here stands for the bitcoin users but more for bitcoin itself, they have to somehow show their attractive side to business owners.

That is why you need to have some presentation and you need to make some explanation to the business owners that resides near or within your location. Because the fact is that businessmen are not going to waste any single penny for investments that they are not going to understand in the first place, just tell them that bitcoin is going to be the future currency that Bill Gates is telling.

It is not an easy process introducing a new way of payment because there are several questions with it. Suppose they accept bitcoin will even one person pay using bitcoin. And also there is an issue about taxes the government will try to chase you about you earning money without having a record of your earning because they are all bitcoin. That can be rough for businesses. I think you should introduce bitcoin to governments first and make it a legal thing.

Bitcoin is legal and you can declare it in your taxes, although you will need to see the regulations in your country since as far as I know is not recognized as a currency but as a commodity, second bitcoin leaves a trace of every transaction on the blockchain so it’s not like there are to records of your transactions for the government to see.

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Quote from: chen miao on October 16, 2016, 01:11:57 AM

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse

Actualy its more than that to make them say yes to bitcoin. For example how does car brands accept loan payment for up to 5 years or 60 monthly payments and don't have any interest. It is because they are encourage by banks to do it and they are being paid to use it . It is a win win scenario where a bank can say that there card gas many uses and has 0% interest on using it as a payment method.

chen miao

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Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse

Blitzboy

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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.

Showing some advabtages of bitcoin is one of the most effective ways to persuade local business to accept bitcoin. Let them see what bitcoin can bring to our life, how does the Blockchain work, how fast it is when sending bitcoin. However, if the government does not allow people to use bitcoin, there is no way for business to accept bitcoin

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Quote from: Troniq on October 14, 2016, 12:34:07 PM

Hmm that might be a very difficult thing to do as a bitcoin user no? To just encourage a business to accept bitcoin you need a lot of convincing power and proof that it's profitable for them.
I wouldn't know how we could reach this together but I do hope it happens.

It would really hard to convince a business owner to recieve bitcoin hence they would really hesitate because bitcoin isnt adopted all over the world and some places didnt even heard about it . There would really a time for this which some of merchants would accept bitcoin as a payment.

ultrloa

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Quote from: Troniq on October 14, 2016, 12:34:07 PM

Hmm that might be a very difficult thing to do as a bitcoin user no? To just encourage a business to accept bitcoin you need a lot of convincing power and proof that it's profitable for them.
I wouldn't know how we could reach this together but I do hope it happens.

Not just convincing power but aswell data analysis about bitcoins since it will tell that bitcoins are really worth to accept with, but its very hard really to see the potential of bitcoins for business acceptance since the price of it is so unstable and might they gonna earn some loss if some certain breakdown will gonna happen unto the bitcoin, and we cannot trust its stability since its also known as money killer.

Troniq

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Hmm that might be a very difficult thing to do as a bitcoin user no? To just encourage a business to accept bitcoin you need a lot of convincing power and proof that it's profitable for them.
I wouldn't know how we could reach this together but I do hope it happens.

elDano

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We can encourage them by doing some nice offerings and I think if they know they can control it by themselves and also earn and make profit by holding they will invest it for sure.
The fact that it can be globally used is also attractable for them.

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Quote from: Labumi on October 14, 2016, 08:45:25 AM

Quote from: agustina2 on October 14, 2016, 08:33:49 AM

Quote from: martinacar on October 14, 2016, 08:22:34 AM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.

I think it will not work. As long as bitcoin is not that present and active in those local businesses we can never sees acceptance of it in most of the stores.

No need for us to encourage them because they can see actively if bitcoin is actively operating in their area.

All this also depends on the user bitcoin in promoting or introducing bitcoin to everyone. If we're not doing any contributions to the growth of the bitcoin then you said would happen, because something is not recognized then it will not be used although it can give you a better advantage than ever before

How hard we promote if local business didn't see some good reason to accept it then it will be hard.

The best way if by chance a person that know bitcoin will start making a ocal business and will start to accept bitcoin too. If other competitors will see it then they can consider to conduct a study about what is the benefits of using biticoin.

bitlancr

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Some shops already have qr codes to pay. Show them how easy and cheap it is to setup a qr transaction and how to include intirgrate of bitcoin within the store and tell them more about bitcoin itself.

Kyhm

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Hi mate.

I just read the very first page of this thread.

I just want to say that it will be hard for you to attract many people to use BTC especially from the local area, like you need to introduce what is BTC all about how it grow ups and downs.

Labumi

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Quote from: agustina2 on October 14, 2016, 08:33:49 AM

Quote from: martinacar on October 14, 2016, 08:22:34 AM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.

I think it will not work. As long as bitcoin is not that present and active in those local businesses we can never sees acceptance of it in most of the stores.

No need for us to encourage them because they can see actively if bitcoin is actively operating in their area.

All this also depends on the user bitcoin in promoting or introducing bitcoin to everyone. If we're not doing any contributions to the growth of the bitcoin then you said would happen, because something is not recognized then it will not be used although it can give you a better advantage than ever before

agustina2

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Quote from: martinacar on October 14, 2016, 08:22:34 AM

My idea to encourage local businesses to accept bitcoin is to have them get information via flyers for example.
We don't have any advertisement for bitcoin which is a bummer cause somehow it has to spread information.

I think it will not work. As long as bitcoin is not that present and active in those local businesses we can never sees acceptance of it in most of the stores.

No need for us to encourage them because they can see actively if bitcoin is actively operating in their area.

Topic: How can we encourage local businesses to accept BTC? - page 64. (Read 185011 times)