Author

Topic: How does the Vendors avail Bitcoin? (Read 92 times)

jr. member
Activity: 112
Merit: 4
April 16, 2018, 12:47:03 PM
#4
Guys can you imagine Vendors using Bitcoin? how does the vendors do, how they sell their products using push cart payment of bitcoin.
I think by using BTC as a method of payment for purchases of products from certain vendors, they should frequently update the price of the goods they offer / sell, because you know that the price of the crypto is always unstable, so I think this is quite inconvenient for them.
member
Activity: 154
Merit: 11
MintDice Support
April 16, 2018, 12:12:44 PM
#3
they can facilitate transactions with the point of sale system. In this model, the merchant will front the cost of an item in good faith that you will pay it back within a certain amount of time (same concept as credit card transactions). In other words, the merchant will incur the debt until the transaction is fully verified on the blockchain in which case you'll be charged. Currently transactions take from 10 mins to an hour, but imagine if they could be made even faster!
Ctn
sr. member
Activity: 644
Merit: 259
April 16, 2018, 04:25:52 AM
#2
Guys can you imagine Vendors using Bitcoin? how does the vendors do, how they sell their products using push cart payment of bitcoin.

I imagine if they are doing the business online then it wouldn't be difficult for them to use different online BTC payment processors. Like this of bitpay with easy plugins! There is no such big difference in the fiat processors and bitcoin except that you have to wait for the confirmations before you could successfully buy the product. With the current speed and fees it would be far easy to set these up and use it. I think selling and marketing goes the same way as they do for the traditional ways. The only thing we need to is "select bitcoin as mode of payment". Also many ICO's has come up with alternate systems where you can use any kind of altcoin or btc to process the payment as long as vendors are using their services.
newbie
Activity: 266
Merit: 0
April 16, 2018, 04:02:04 AM
#1
Guys can you imagine Vendors using Bitcoin? how does the vendors do, how they sell their products using push cart payment of bitcoin.
Jump to: