It will be extremely important that wholesalers accept it. I think it will allow the bitcoin economy to grow a lot as you will be able to use it from stage 1 to the final stage(customer).
That means, at every stage, we will save money. Which in the end will results in lower prices for customer and that would mean a great incentive to use bitcoin to buy stuff.
Topic: How can we start getting wholesalers on board? (Read 1250 times)
Retail penetration will bring wholesale penetration. When there are enough retailers that use bit coin that it is advantageous to wholesalers to accept it they will change. I see the resistance as a good thing. It allows the rest of us to keep collecting it at a low price.
Wholesalers like every other company will come on board when they see the money they can save and are more educated on bitcoin in general. If i ask 50 people in the office if they know about bitcoin only about 10 do and even then they always say isn't that for criminals to buy drugs with, very few people outside this forum know of it's potential in the business world.
Things will flow once ebay accepts btc.
More so when Amazon accepts Bitcoin. Now I think of it, it will be interesting to see who accepts it first: Ebay or Amazon? 
Wholesalers will get on board when retailers want to buy with bitcoin.
Until then, adding the complexity is not cost efficient. Let the retailers who accept bitcoin do the conversion to fiat.
When enough retailers accept it (as in actually accept it, not have a third party accept it and exchange it) then it may make sense for some wholesalers to accept it.
Until then, adding the complexity is not cost efficient. Let the retailers who accept bitcoin do the conversion to fiat.
When enough retailers accept it (as in actually accept it, not have a third party accept it and exchange it) then it may make sense for some wholesalers to accept it.
It seems that many companies are seeing the potential in bitcoin but where many are others are not because it is not as well known as any other currency. May be mentioning to them about how other big companies such as Dell are now accepting bitcoin they may consider looking into it. Having wholesalers on board and accepting bitcoin payments could change a lot in the course of business.
Start a petition of users who want to buy products on the site.
Another issue is implementing Bitcoin for some existing companies is a pain, so if you can offer to help implement the system this may help.
Another issue is implementing Bitcoin for some existing companies is a pain, so if you can offer to help implement the system this may help.
Getting wholesalers and private merchants on board is the best way to also get Amazon to accept BTC in my opinion
Well the main question would be, do we need them, if they only going to convert bitcoin into fiat all the time?
Big Merchant adoption is only good for crypto currency, if they create enough awareness to increase the demand for the currency in my opinion.
Would hoarding and using bitcoin for store value, not increase stability and decrease volatility? {Which is better for the currency, because it pulls in more long term BIG investors, from commodities like Gold and silver}
Depends, if we want to use bitcoin for remittance or store value. {I am still undecided, which is better for the currency}
This is true if you are specifically looking at BTC as an investment vehicle. If you are looking for maximum adoption so that you can spend it as freely as USD, then the more people accepting it, the better
Money talks (lots of it), unless you are doing business with them they don't care about your opinion.
Also you can just print BTC advertisement and post it on people's shops.
Things will flow once ebay accepts btc.
Basically I told them it would make things easier on their retailers who ALREADY take Bitcoin because then they don't have to convert to fiat before they buy more merchandise.
Don't forget to tell them about the low fees.
A large wholesaler/distribution company deals with huge invoices and you can send literally millions of Dollars worth of BTC for a shockingly low fee.
Getting wholesalers and private merchants on board is the best way to also get Amazon to accept BTC in my opinion
Well the main question would be, do we need them, if they only going to convert bitcoin into fiat all the time?
Big Merchant adoption is only good for crypto currency, if they create enough awareness to increase the demand for the currency in my opinion.
Would hoarding and using bitcoin for store value, not increase stability and decrease volatility? {Which is better for the currency, because it pulls in more long term BIG investors, from commodities like Gold and silver}
Depends, if we want to use bitcoin for remittance or store value. {I am still undecided, which is better for the currency}
Getting wholesalers and private merchants on board is the best way to also get Amazon to accept BTC in my opinion
Try to get the ear of the CEO or CFO of the company.
Explain in a few minutes how major tech companies now take it.
Explain set up a free coinbase wallet and sweep the btc into whatever fiat they want so their bank gets the value in the fiat they want event though you paid CB with crypto.
Once a CEO or CFO is properly 'informed' their resistance to bitcoin drops. Its an acceptable way to take crypto and do sweeps into fiat with many companies now.
Once a company understand services such as CB don't have to 'hold' the bitcoin, it can be converted and deposited to fiat, the risk factor becomes minor.
Sure CB could close tomorrow, but they're emerging as the main corporate gateway for bitcoin/fiat sweeps.
Explain in a few minutes how major tech companies now take it.
Explain set up a free coinbase wallet and sweep the btc into whatever fiat they want so their bank gets the value in the fiat they want event though you paid CB with crypto.
Once a CEO or CFO is properly 'informed' their resistance to bitcoin drops. Its an acceptable way to take crypto and do sweeps into fiat with many companies now.
Once a company understand services such as CB don't have to 'hold' the bitcoin, it can be converted and deposited to fiat, the risk factor becomes minor.
Sure CB could close tomorrow, but they're emerging as the main corporate gateway for bitcoin/fiat sweeps.
No need to force the issue. Big companies follow the money. When they eventually find out, where a additional income can be obtained, they will be more open to adopting bitcoins.
Let the smaller companies be the pioneers and stop feeding the conglomerates, they already made enough money out of us, to dictate their price and force it on consumers. {I would rather buy from a company, where I can barter for best price, than being told what to pay, for something, that are mass produced in cheap factories and sold with a 300% markup}
Let the smaller companies be the pioneers and stop feeding the conglomerates, they already made enough money out of us, to dictate their price and force it on consumers. {I would rather buy from a company, where I can barter for best price, than being told what to pay, for something, that are mass produced in cheap factories and sold with a 300% markup}
Basically I told them it would make things easier on their retailers who ALREADY take Bitcoin because then they don't have to convert to fiat before they buy more merchandise.
I've contacted two about accepting Bitcoin and AHI Distribution is the first to get back to me. This is what they said:
So basically, Bitcoin has "proved itself" well enough for Dell, Linkshare and NewEgg but not for AHI Distribution. How do you answer something like that?
Quote
We have not until it proves itself. Thanks
So basically, Bitcoin has "proved itself" well enough for Dell, Linkshare and NewEgg but not for AHI Distribution. How do you answer something like that?
its not a question so there's nothing to answer.
i guess you could tell them that they there is literally 0 risk to them, should they choose to use bitpay or coinbase, but sounds like they have made up their mind, they won't consider adding bitcoin payments until bitcoin payments are accepted everywhere, because sheep will be sheep.
i saw forget them, maybe the other business you contacted will be more opened minded and willing to listen.
how are you pitching this anyway?
I've contacted two about accepting Bitcoin and AHI Distribution is the first to get back to me. This is what they said:
So basically, Bitcoin has "proved itself" well enough for Dell, Linkshare and NewEgg but not for AHI Distribution. How do you answer something like that?
Quote
We have not until it proves itself. Thanks
So basically, Bitcoin has "proved itself" well enough for Dell, Linkshare and NewEgg but not for AHI Distribution. How do you answer something like that?
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