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Topic: I now accept bitcoin payments in my Beauty shop - page 3. (Read 1140 times)

sr. member
Activity: 1386
Merit: 451
I thank you for such a nice business idea. Hearing that you opened a beauty soap parlor in your country and introduced a bitcoin payment system there really increased the love for you and bitcoin. But even if your business doesn't receive any bitcoin payments temporarily, when every customer hears about bitcoin from here and knows its use, your business will become more attractive. Because most of the women come here and if you can make them know about Bitcoin well then your business will definitely be successful. If you can educate every person in bitcoin education then at some point you will get a lot of bitcoin payment here.
sr. member
Activity: 728
Merit: 421
Congratulations on your bold steps to accepting bitcoin as a means of payment for services rendered. I have long wanting this time to come whereby individuals and participants of this platform would start taking this step in accepting bitcoin for their services. If we all can do this within our reach in our various locality, I strongly believe it would spread like wide fire and however, it would also result to others around us  who have been rejecting this proposal to wanting to knowing more about bitcoin and as well accepting it for their service.
I see some people talking bad about these activities of bitcoin promotion and adoption, but forget that we all are in the same course and it takes bold steps to getting someone onboard this platform to accepting bitcoin. If only they have been able to talk to a single individual then they would know what it takes to talk sense into someone to showing them the opportunities a particular system offers.
You have done well OP.
newbie
Activity: 13
Merit: 0
I have been motivated by every person here who has in one way or another promoted bitcoin in their locality. This year, there’s been more bitcointalk members teaching bitcoin outside the forum and accepting bitcoin payment in their businesses. I’m happy I am ending the year trying something new and unique in my business.
https://i.ibb.co/m03f0JV/37-F0-A94-B-9371-49-C7-A9-BC-EEE1-D8-C7-CC5-F.jpg

https://i.ibb.co/HgMz6Jh/AC26-BE1-D-E386-44-AB-84-BE-72-BF5-F88-AD0-D.jpg

We are a beauty, cosmetic and personal care shop ( pedicure and manicure, lashes extension, facials, micro blading) in Nigeria.

https://i.ibb.co/ZhyCPqV/30091-ECF-D9-F2-4067-AB47-E1-B963-CF70-A6.jpg

To be honest, I was hesitant to do this because I thought it wouldn’t work in my profession. But there’s no downside to trying, so I did. After browsing the internet for a good bitcoin sign, I settle for this one. The sign is on my Secretary/cashier’s desk next to the card that has my bank account details. Placing the two together was deliberate because I put a discount on bitcoin making payments in bitcoin cheaper to attract people. The only challenge I face right now is 99% of our customers are female, and most do not have any prior knowledge of bitcoin or cryptocurrency, the ones who do either heard about bitcoin from their partner or social media campaigns but they haven’t given it much thought. It’s popular among the male folk here, I am yet to have a customer pay in bitcoin but it’s good enough to start the conversation. I placed a 10% discount for those who pay in bitcoin and that I think that move prompt my clients to begin asking how they can do so. I’ve had clients ask me to explain to them how Bitcoin works which I am always glad to do. Even my neighbor is curious and is likely to join the crypto fam soon. Though I haven’t had a bitcoin sales, this new addition to my business has added value and a closeness to my relationship with my clients.
Happy new year guys. See you in 2023
You gave me a full taste of freedom, the government of my region prohibits the use of any form of digital currency. For the government, the stability of the economic order is the most important thing, but for me, I can only trade digital currency on the exchange. It is hoped that more application scenarios will emerge in the future to realize the freedom of payment.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
I need to know who is going to be responsible for the fee. Are you going to task the customers for them to pay for the fee or the fee is going to be deducted from your pay? Bitcoin acceptance is good and this will promote the use of Bitcoin to people that have never heard of it before. The market is down and volatility is reduced, so this is the best time to do this so that when the price of BTC increase you will be in profits.
legendary
Activity: 2660
Merit: 1141
Choosing a stable coin is not a easy choice, USDT, BUSD, USDC are scary to me because I worry they may lose their peg.
Only if you want to keep it long term. But what's wrong with having it as another solution for those who don't own bitcoin, I guess you're still safe having payment options other than just bitcoin. On some of the services they also accept stablecoin and I think that will help their business reach those customers who don't own bitcoin. Anyway you might sell it soon or might be able to buy bitcoin with that stablecoin instead of depositing your fiat, but those are just a few of my thoughts.

I agree having more payment options will make your business more attractive, but given that your customer base is mostly women then it's likely that your acceleration of success on adoption will be a bit slow.
sr. member
Activity: 910
Merit: 302
Global adoption of bitcoin is taking place in a faster way than past days. In most cases they look for legal framework that makes the adoption little difficult. However few of the African countries are quite strong in cryptocurrency usage. As we were able to see QR code generated through banks for payments we can see bitcoin payment through scanning in most of the stores. What our forum members were doing is really big thing.
I would love to see them being consistent in doing so. So far none of these members have followed up the threads to give us a statistic of how their business has progressed since accepting bitcoin, how they have managed the profit/loss of choosing a volatile currency as payment. All this is important information so other members can be encouraged to start doing the same on their end.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
I was very lucky to see this post. There are several places near my home where BTC can be exchanged for US dollars. There were none last year. I think this is the process of the encryption industry that happened around me.

That's just a sign that Bitcoin is becoming more adopted into the society and we do hope the adoption rate continues to increase because it's surely going to affect the grow of Bitcoin ecosystem as a whole.
And if the growth continues to increase with experiencing any decline in a couple of years Bitcoin will become accepted globally and might even become popular than the Dollar. 
Global adoption of bitcoin is taking place in a faster way than past days. In most cases they look for legal framework that makes the adoption little difficult. However few of the African countries are quite strong in cryptocurrency usage. As we were able to see QR code generated through banks for payments we can see bitcoin payment through scanning in most of the stores. What our forum members were doing is really big thing.
hero member
Activity: 952
Merit: 779
In my country Bitcoin has really become popular. not only among men but also popular among women. even some of the crypto market analysts I know are women. I always exchange ideas with him regarding market analysis. But unfortunately in my country really can't implement a payment system with bitcoin. because it's still illegal. and Bitcoin is only legal as an investment asset in my country. and taxes have already been imposed. But actually the government is also very open-minded with the progress of crypto and bitcoin. However, it may take some time for us to accept bitcoin as legal tender. but still, some shops owned by my acquaintances also accept bitcoin as a means of payment, but not many know about it because the shop doesn't put up a notice board about this. because well the problem is legality.
I am quite impressed with the OP's efforts to accept Bitcoin as a means of payment. This is indeed worthy of appreciation.
legendary
Activity: 2408
Merit: 2226
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Awesome. You're adopting Bitcoin properly and effectively. Don't be demotivated if very few customers are willing to pay in Bitcoin. You could call this an advertisement for your business. Customers who buy with Bitcoin will share their experiences with others. As a result, more people will be curious and may come to you. Your existing customer, on the other hand, may learn about Bitcoin from you. It makes no difference that the majority of your customers are female. They may become interested if they see a discount. Because customers enjoy discounts and would like to learn more about Bitcoin.
hero member
Activity: 966
Merit: 701
Leading Crypto Sports Betting & Casino Platform
I am going to try to make this thread go viral, in Ecuador there is a great need for a beauty salon that can be paid with Bitcoin, because in my case I have a wallet on my phone, and I have not used it yet, and this would be the best for me. maximum, because the equivalent in dollars can be collected in Bitcoin and with that I save myself from not spending the cash that is sometimes so necessary to move to other places and put them to better use. If you were to do something like that here, it would be the best solution for everything, and I think wives would tell their husbands to send them a bitcoin transfer to pay for their hair and nails.

Wow, I’m not aware Ecuador was a crypto hub. It’s a shame we are worlds apart. If you own a business, I think it’s a good time for you to adopt bitcoin payments.
Nice decision OP, since the government is seriously working to make bitcoin legal in the country for the users to use it to improve their businesses and other things in the country. You don't have to worry yourself about the few female customers you are seeing around your business because, from this 2023 there will be improvement from female and male customers in your business because, many people prefer to use Bitcoin as a payment than fiat in the country.
The ban didn’t stop us from going about our business, we were more careful how we make p2p transactions so as not to alert the authorities. Fortunately Bitcoin is now legal in Nigeria so there is complete freedom to use bitcoin, this will boost the number of people buying bitcoins.
hero member
Activity: 700
Merit: 541
Bitcoin Casino Est. 2013
I was very lucky to see this post. There are several places near my home where BTC can be exchanged for US dollars. There were none last year. I think this is the process of the encryption industry that happened around me.

That's just a sign that Bitcoin is becoming more adopted into the society and we do hope the adoption rate continues to increase because it's surely going to affect the grow of Bitcoin ecosystem as a whole.
And if the growth continues to increase with experiencing any decline in a couple of years Bitcoin will become accepted globally and might even become popular than the Dollar. 
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
I am going to try to make this thread go viral, in Ecuador there is a great need for a beauty salon that can be paid with Bitcoin, because in my case I have a wallet on my phone, and I have not used it yet, and this would be the best for me. maximum, because the equivalent in dollars can be collected in Bitcoin and with that I save myself from not spending the cash that is sometimes so necessary to move to other places and put them to better use. If you were to do something like that here, it would be the best solution for everything, and I think wives would tell their husbands to send them a bitcoin transfer to pay for their hair and nails.


In Ecuador? Really?
Because when people talk about Bitcoin adoption, Ecuador does not come to mind, unlike places like Venezuela, El Salvador, Argentina or Nigeria.
In my opinion sounds very situational, but since you live there I guess you have a better idea than I do about the utility of Bitcoin in your community.
Since Ecuador uses the USD as currency, I would not think the general population would immediately jump into accept BTC.

Also, SatoPrincess. I hope you can collect statistic data from your business so you can share it with us in the future.
sr. member
Activity: 1092
Merit: 342
Hire Bitcointalk Camp. Manager @ r7promotions.com
I am going to try to make this thread go viral, in Ecuador there is a great need for a beauty salon that can be paid with Bitcoin, because in my case I have a wallet on my phone, and I have not used it yet, and this would be the best for me. maximum, because the equivalent in dollars can be collected in Bitcoin and with that I save myself from not spending the cash that is sometimes so necessary to move to other places and put them to better use. If you were to do something like that here, it would be the best solution for everything, and I think wives would tell their husbands to send them a bitcoin transfer to pay for their hair and nails.
hero member
Activity: 994
Merit: 744
You made a significant contribution and successfully completed the year.
Accepting Bitcoin as a form of payment entails some risks, which I believe you are aware of and are prepared to address because you have been a member of this forum for some time and have gained experience with Bitcoin transactions.

You must be patient and prepared to engage in extra teaching activities for some of your customers because, as you stated, female customers have less knowledge of Bitcoin. You must devote your time and accept the responsibility of teaching them.
hero member
Activity: 2828
Merit: 611
I've learned many inspiring stories about Nigeria on this forum. It seems that there are many small businesses there, and entrepreneurs quite often try to adopt Bitcoin one way or another, despite shaky governmental attitude to it. This is yet another inspiring story. I personally think it's especially cool that you accept Bitcoin now, even though the vast majority of your customers are women who aren't familiar with Bitcoin. This creates a good ground to empower Nigerian women, educate them on using Bitcoin (in case customers express interest, of course), as well as promote the usage of Bitcoin more generally. I think that as time passes, you will certainly have Bitcoin sales. Good luck in 2023!
Nigeria is one of those underdeveloped or poor countries so people there needs to work hard. One of the ways that they can think of to help their lives is to run a business. Every business do always start small but as soon as they got successful, this will grow eventually. The emergence of cryptos such as Bitcoin is also an asset for them. These people saw a big potential in BTC so they think it will be a good idea to adopt it on their business. Let's only hope that their government is going to be more friendly with cryptos later on.

From the OP's story his business is a beauty shop so it's normal that most of his customers are women. We shouldn't underestimate them because they also do what other most men can do including taking a risk and BTC is already popular now so they heard and use it even before.
hero member
Activity: 966
Merit: 701
Leading Crypto Sports Betting & Casino Platform
As I said, your idea will definitely attract some of your customers to pay you in bitcoins for a 10% discount. I really think it's a good strategy to increase the number of your customers to use bitcoin as a means of payment, and it's a good idea to limit it to an entire month only.

If I were you, I might also consider some other crypto with less volatility instead of bitcoin. Honestly someone out there is too honest to say these bitcoin fluctuation are scary, and they are reluctant to buy them and keep them other than as an investment.
You make a good argument, it’s always a good option to diversify although I’m not into alts, I think they are far more volatile than bitcoin. Choosing a stable coin is not a easy choice, USDT, BUSD, USDC are scary to me because I worry they may lose their peg.
I've learned many inspiring stories about Nigeria on this forum. It seems that there are many small businesses there, and entrepreneurs quite often try to adopt Bitcoin one way or another, despite shaky governmental attitude to it. This is yet another inspiring story. I personally think it's especially cool that you accept Bitcoin now, even though the vast majority of your customers are women who aren't familiar with Bitcoin. This creates a good ground to empower Nigerian women, educate them on using Bitcoin (in case customers express interest, of course), as well as promote the usage of Bitcoin more generally. I think that as time passes, you will certainly have Bitcoin sales. Good luck in 2023!
I think there are more entrepreneurs in Nigeria than civil workers. Getting a white collar job in Nigeria is hard despite your qualifications so most of us have chosen to be our own boss and creating multiple streams of income. That’s the way to survive in Nigeria. I think you are right, it’s my responsibility to share my knowledge. From now on, I’m creating a group for working women who want to learn bitcoin. It will be good to have more women in bitcoin.
legendary
Activity: 1064
Merit: 1228
Playgram - The Telegram Casino
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You’re partially right, I may lose 10% profit so to speak but I boost sales and gain a stronger customer relationship. This is common business practice, I would normally give discount at the end of the year. This year is different only because the discount are only on bitcoin sales. Also the discount isn’t limited to a number of customers, I plan on running it for a month straight.
As I said, your idea will definitely attract some of your customers to pay you in bitcoins for a 10% discount. I really think it's a good strategy to increase the number of your customers to use bitcoin as a means of payment, and it's a good idea to limit it to an entire month only.

If I were you, I might also consider some other crypto with less volatility instead of bitcoin. Honestly someone out there is too honest to say these bitcoin fluctuation are scary, and they are reluctant to buy them and keep them other than as an investment.
legendary
Activity: 3248
Merit: 1402
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I've learned many inspiring stories about Nigeria on this forum. It seems that there are many small businesses there, and entrepreneurs quite often try to adopt Bitcoin one way or another, despite shaky governmental attitude to it. This is yet another inspiring story. I personally think it's especially cool that you accept Bitcoin now, even though the vast majority of your customers are women who aren't familiar with Bitcoin. This creates a good ground to empower Nigerian women, educate them on using Bitcoin (in case customers express interest, of course), as well as promote the usage of Bitcoin more generally. I think that as time passes, you will certainly have Bitcoin sales. Good luck in 2023!
full member
Activity: 1358
Merit: 207
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Nice decision OP, since the government is seriously working to make bitcoin legal in the country for the users to use it to improve their businesses and other things in the country. You don't have to worry yourself about the few female customers you are seeing around your business because, from this 2023 there will be improvement from female and male customers in your business because, many people prefer to use Bitcoin as a payment than fiat in the country.
hero member
Activity: 1036
Merit: 674
Most users of the bitcoin payment media as evidence from testimonials on the forum has mostly done this due to convince or as a means of test running the process.

I have a course of wonder though. I suppose the acceptance of bitcoin for a payment media is born out of making options available for your customers and the fact that, it could as well serve investment purposes due to the volatility nature of the coin.
I suppose one way to handle the volatile nature of bitcoin is to swap for stable coin or exchange it for fiat.

If that be the case and with the fact that, merchants hope to take out profit and reimburse the business capital,
Are you guys accepting other cryptocurrencies other than bitcoin as well?
The stablecoins to be precise and if not, why not.
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