Accepting Bitcoin or cryptocurrencies as payment for services or goods can have its pros and cons which need to be evaluated before going ahead and letting your consumers pay with it.
The positives include wider reach and potentially grabbing more attention among consumers who wish to use cryptocurrencies instead of traditional payment methods. Another positive is that the price could go up anytime and the stock you have got so far from the payments will have more value.
It also has some cons that include the fact that the price can also drop significantly, and if you have Bitcoins or any cryptocurrency that you have received through your business, they will have their value dropped thus becoming a problem for the business itself.
Topic: Is it good to accept crypto as a payment? - page 4. (Read 746 times)
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Only if you can consider the above illustration of the advantages bitcoin has over using fiat, then you will see the more reason why a 24/7 service availability is acceptable for any business to serve as their payment and transaction advantage, your customers will have no barrier against their payment and your decision on receiving it as well can be done at anytime with a decentralized network that does not go on holidays, this will hasten up your decision to start the acceptance of bitcoin when being considered over other payment means.
Only if you can consider the above illustration of the advantages bitcoin has over using fiat, then you will see the more reason why a 24/7 service availability is acceptable for any business to serve as their payment and transaction advantage, your customers will have no barrier against their payment and your decision on receiving it as well can be done at anytime with a decentralized network that does not go on holidays, this will hasten up your decision to start the acceptance of bitcoin when being considered over other payment means.
And banks know that there are competitors and develop their online services better and better and I'm nearly sure they'll offer better service than crypto can ever. Main difference is that in case of a bank bank controls your money and in case of a true decentralized crypto all control over your money stays with you. Maybe some old fashioned banks have worse service but modern banks offer 24/7 online banking where you can do everything you need, including a "cash register" directly in your smartphone.
bitcoin vs bank
https://twitter.com/BitcoinMagazine/status/1627823782965481474?t=50myRWA-6LMWOOs8dnXljg&s=19
Only if you can consider the above illustration of the advantages bitcoin has over using fiat, then you will see the more reason why a 24/7 service availability is acceptable for any business to serve as their payment and transaction advantage, your customers will have no barrier against their payment and your decision on receiving it as well can be done at anytime with a decentralized network that does not go on holidays, this will hasten up your decision to start the acceptance of bitcoin when being considered over other payment means.
https://twitter.com/BitcoinMagazine/status/1627823782965481474?t=50myRWA-6LMWOOs8dnXljg&s=19
Only if you can consider the above illustration of the advantages bitcoin has over using fiat, then you will see the more reason why a 24/7 service availability is acceptable for any business to serve as their payment and transaction advantage, your customers will have no barrier against their payment and your decision on receiving it as well can be done at anytime with a decentralized network that does not go on holidays, this will hasten up your decision to start the acceptance of bitcoin when being considered over other payment means.
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Adoption has been rising when and it is quiet to see that more businesses are offering such payment in order to give some crypto users a chance to use their crypto without the need to convert it into fiat money. This year and for the coming years we are hoping this could be available in most countries and that crypto is legal. And putting it now is likely to have profitable results especially as we are heading to bull season. Quote
Are you guys accepting crypto payments for your business?
It was a part of the plan but it all commence when the people in our community had already been educated about crypto. 
In various countries there are still those who use it but not in parts of Southeast Asia like Indonesia, it seems that no one has done that yet, but it's different doing business with rich people they might use crypto or fiat, but so far I see that most of them do it using fiat compared to using Crypto, so it all depends on where the person is doing business.
Maybe it's because many people still don't know crypto and still prefer to use fiat because it can go straight into their bank account. Or maybe they use crypto as their asset to store in the long term so that it can provide other benefits for them. Maybe it's also because there is no awareness from the public to start using crypto as an alternative payment besides using fiat. But we should find out about the regulations in our country in using crypto as a means of payment for our business so that we don't get into trouble later. 
It's very convenient. Especially if you don't trust banks. I hold all my savings in crypto and that way government doesn't know how much money I have I'm now afraid that the bank will freeze my account or go bankrupt.
But the problem is because there are no crypto regulations right now, you might face some issues with the law/IRS if you will accept such payments. So be careful.
But the problem is because there are no crypto regulations right now, you might face some issues with the law/IRS if you will accept such payments. So be careful.
Save with cryptocurrencies? If it's bitcoin, then I think its safe for you, if it's altcoin or stablecoin, nothing is safer, and if you keep your crypto assets on centralized exchanges, that's even worse than the bank. Nothing is 100% safe, you should diversify rather than just bet on 1 asset class, especially cryptocurrencies, a top risk asset. Except for some politically unstable countries like Nigeria, I really haven't had any problems with banks since I used them so far.
So I had to stop so that I don't wind up in jail for illegal use of crypto.
I've never heard of a case where ordinary trading using bitcoin in a country where it is prohibited will be punished with imprisonment at the first sanction. In my country, there will be sequential legal action for violators: reprimand, termination of activity, revocation of license, and then fine or imprisonment[1].
Unless it literally constitutes trading for "illegal" purposes, administrative sanctions probably won't be awarded in the 1st place.
1. https://www.liputan6.com/hot/read/4869047/hukum-mata-uang-kripto-di-indonesia-sebagai-alat-pembayaran-dan-aset-perdagangan
In various countries there are still those who use it but not in parts of Southeast Asia like Indonesia, it seems that no one has done that yet, but it's different doing business with rich people they might use crypto or fiat, but so far I see that most of them do it using fiat compared to using Crypto, so it all depends on where the person is doing business.
It depends on the condition of your environment and the condition of whether crypto has started to be accepted or not there.
It's actually not that much of a problem if it does accept payments via crypto and that's obviously very good as there are indeed a few threads now saying as well that they accept payments. But in this condition, we also have to see whether this is actually legal in your country because some people still don't allow it, which makes it possible for you to get into trouble if you do it.
It's still lucky if the regulations are still very good, but if it's not, I think it will only torture you.
It's actually not that much of a problem if it does accept payments via crypto and that's obviously very good as there are indeed a few threads now saying as well that they accept payments. But in this condition, we also have to see whether this is actually legal in your country because some people still don't allow it, which makes it possible for you to get into trouble if you do it.
It's still lucky if the regulations are still very good, but if it's not, I think it will only torture you.
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
As far as doing business, I really want to use crypto as a transaction tool for the goods I sell to consumers, but the problem is the government's regulations are very strict regarding the use of transaction tools, which require the use of national money and that is fiat, and if I violate it, I will be punished. and pay a fine. So so far I can't use crypto or bitcoin as a transaction tool in my business except maybe when my business has a global market maybe I can do it, someone once offered me "why not secretly" I think it will give bad things if there is who reported it, so far I'm taking the safe route.Are you guys accepting crypto payments for your business?
This is a kinda serious issue, as coming to us, we are providing the best crypto payment services to merchants. It doesn't mean we are encouraging you to accept crypto payments. You are doing a great job in taking a safe route. When your country allows you to accept crypto payments you can definitely accept them for goods you are selling. Till then just cross your fingers and wait.
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
In the current era where almost everyone relies on technology in their daily lives, I think accepting bitcoin as a payment option for business people is certainly a good way because bitcoin can make it easier for buyers when they want to make payments without having to involve a third party and so far bitcoin has also it is proven that it is very effectively used as a means of payment, there is even a possibility that in the future we will see that all their business people will definitely accept bitcoin. Are you guys accepting crypto payments for your business?
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
Are you guys accepting crypto payments for your business?
As long as the government can legalize bitcoin as a legal transaction tool, there may be more companies that pay, and companies that receive payments using Bitcoin as a substitute for Fiat. No need to question the value of fluctuations, confusion with Fiat can always be done to maintain the value of products or services.
But as long as the regulation still inhibits bitcoin for payment tools, maybe we will see more of bitcoin as an asset traded on the exchange than to see the use of bitcoin to buy goods.
But if I have a business, receiving Bitcoin as a means of payment is a very good breakthrough.
I do not have a business, but I make sure that I support the businesses that does accept it. This is very important, because if the consumers does not do that. these businesses will stop accepting Bitcoin as a payment option.
So for this reason I have accepted that my company can pay me a small percentage of my salary in Bitcoin and I take that are spend it on food at local merchants that accepts Bitcoin as payment option.
So for this reason I have accepted that my company can pay me a small percentage of my salary in Bitcoin and I take that are spend it on food at local merchants that accepts Bitcoin as payment option.
The number of stores accepting crypto is surely going to rise because of the growing demand and use of crypto, so it is expected that most businesses would have to adapt for the sake of their customers who would want to pay them in crypto.
Accepting crypto payments is good if you do it well, and you have a good plan on what to do with the crypto you would be accepting, using a payment processor is a good way to add crypto payments into you business so you would not be affected by volatility. If only a small percentage of your customers are paying you with BTC, you can use that income as a form of dca to hold BTC for the long run, but to do that successfully you must be sure of the continuity of your business with the fiat income you are receiving. BTCpay is a recommended payment processor you can use to accept BTC in your business.
Accepting crypto payments is good if you do it well, and you have a good plan on what to do with the crypto you would be accepting, using a payment processor is a good way to add crypto payments into you business so you would not be affected by volatility. If only a small percentage of your customers are paying you with BTC, you can use that income as a form of dca to hold BTC for the long run, but to do that successfully you must be sure of the continuity of your business with the fiat income you are receiving. BTCpay is a recommended payment processor you can use to accept BTC in your business.
Sure do, but in terms of accepting payments, there are a lot of things to look after, such as KYC and processing fees. I would recommend another crypto payment gateway. Just look after it, maybe you changed your mind though. https://coinremitter.com/
Op, if you're referring to a particular article or a set of data, it would be great to add a link to the original post, so that we can discuss it more productively. If crypto payments are rising, it's wonderful. But is it measured by total volume or a number of transactions? Are there particular countries/regions that stand out in this regard? Are there particular goods/services or industries where these payments are rising more than in other areas? All those things would be great to know. A valid point was also raised in the thread about direct payments (self-custody) vs centralized services.
As for me, I don't have a business, but as a private teacher I would accept Bitcoin for lessons. However, everyone I know prefers fiat payments. Also, given that lessons don't cost much, transaction fees could be a significant part for such small transactions.
As for me, I don't have a business, but as a private teacher I would accept Bitcoin for lessons. However, everyone I know prefers fiat payments. Also, given that lessons don't cost much, transaction fees could be a significant part for such small transactions.
The problem you stated about transaction fees is a real deal. not only you but other merchants are also facing this problem as well. Other crypto gateways are charging at least 1% of processing fees. But this payment gateway is charging only 0.23% of processing fees. So that people or merchants like you can save more on your payments. Just go through this payment gateway, I hope it makes up your mind. https://coinremitter.com/
[moderator's note: consecutive posts merged]
Are you guys accepting crypto payments for your business?
for those who know and use Bitcoin of course using it as a means of payment will be very enjoyable. unfortunately, I don't have a business for that. I am still an employee of a private company. but if companies could pay their employees with Bitcoin it would be great of course. but the current problem is related to the regulation of the use of digital currency (Bitcoin) as a means of payment that has not been legalized in several countries. Bitcoin is still considered an investment asset, and ownership is permitted but not for fiat as a means of payment.
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
It should not be that surprising, a great deal of the purchases I make online are paid with bitcoin, and as bitcoin gets more popular then the number of payments made with bitcoin will keep increasing.Are you guys accepting crypto payments for your business?
But even if it is a good idea to use our bitcoin in this way as this is the main purpose of bitcoin, do not forget to buy back all the bitcoin you spent whenever you can as to not reduce the size of your holdings, since each day that passes we are getting closer to the next halving.
Well, that's the point of paying with BTC then, if you're gonna just refill it right away and spend money on fees while doing it? I think it's the way only if there are no other options than BTC, and you really need something that you're buying.
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
It should not be that surprising, a great deal of the purchases I make online are paid with bitcoin, and as bitcoin gets more popular then the number of payments made with bitcoin will keep increasing.Are you guys accepting crypto payments for your business?
But even if it is a good idea to use our bitcoin in this way as this is the main purpose of bitcoin, do not forget to buy back all the bitcoin you spent whenever you can as to not reduce the size of your holdings, since each day that passes we are getting closer to the next halving.
Are you guys accepting crypto payments for your business?
for those who know and use Bitcoin of course using it as a means of payment will be very enjoyable. unfortunately, I don't have a business for that. I am still an employee of a private company. but if companies could pay their employees with Bitcoin it would be great of course. but the current problem is related to the regulation of the use of digital currency (Bitcoin) as a means of payment that has not been legalized in several countries. Bitcoin is still considered an investment asset, and ownership is permitted but not for fiat as a means of payment.
It's very convenient. Especially if you don't trust banks. I hold all my savings in crypto and that way government doesn't know how much money I have I'm now afraid that the bank will freeze my account or go bankrupt.
But the problem is because there are no crypto regulations right now, you might face some issues with the law/IRS if you will accept such payments. So be careful.
But the problem is because there are no crypto regulations right now, you might face some issues with the law/IRS if you will accept such payments. So be careful.
I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
Don't have to accept crypto as means of payment in your business all because some other person's are doing so. First thing you need to check, is your line of business convenient and workable through use of crypto for payments, Are you guys accepting crypto payments for your business?
For someone that's into automobile the difference can't be compared to a grocery sellers. Succinctly put, you don't expect a customer to buy a grocery of $20 only to pay it in bitcoin with attached transaction fee to it.
There is no need to imitate others, but accepting cryptocurrencies as a means of payment is applicable to all industries as it only brings benefits without harm. It is true that when we spend a small amount, no one wants to incur additional transaction fees. But it will also be necessary in some cases, such as if you don't have cash at the time, then crypto can be a great alternative. Or crypto can also be a solution when you're selling to tourists, and they don't have your country's local currency.
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