Is small business ready to sell for cryptocurrency? - page 8.

onrise

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Quote from: leetcoiner on May 05, 2019, 02:26:45 PM

I believe that businessmen are still a little afraid to put their business at risk, which brings cryptocurrency. And while they seem to me will not go to this step.

Not many are ready to take that risk as price is not stable and also many government do not support the way they should be doing for accepting the digital payment as a mode . This discourages people from accepting the payment from crypto .

Tylev

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The point is not the willingness of small businesses to use cryptocurrency as a means of payment when selling goods or providing services. Business structures should have a legal justification for using cryptocurrency. The accountant must have instructions on how to practically document the arrival of a cryptocurrency and the further processing of accounting entries with a cryptocurrency, and how to report to the tax inspectorate. Therefore, not everything is as simple as it seems.

amonymous

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In fact, crypto should be used in small businesses, and of course, it is necessary to focus on the conditions of that country. Because it has been proven many times in your country if there is a ban on the use of crypto, there will be a lot of difficulty in using your crypto. So in the case of crypto business, the country's contribution will play a big role.

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Quote from: AjithBtc on May 26, 2019, 03:44:39 PM

Small businesses adopting bitcoin will happen in large scale over the coming years. From my understanding what we lay as a base at the moment might not get immediate profit on the investment. It surely requires time, because more and more people are getting into bitcoin. Only when the usage increases we'll get big profits. Initiate a business with bitcoin acceptance and have patience to get back the profit.

of course the one who can be patient is profit from the company. because as a small business, of course capital is not strong, so I think it can only set aside profit from the rest of its business in the form of crypto

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Small businesses adopting bitcoin will happen in large scale over the coming years. From my understanding what we lay as a base at the moment might not get immediate profit on the investment. It surely requires time, because more and more people are getting into bitcoin. Only when the usage increases we'll get big profits. Initiate a business with bitcoin acceptance and have patience to get back the profit.

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a small business certainly uses a small amount of capital and it is possible to be able to sell it for crypto currencies. even some giant businesses decide to involve crypto currencies on their business trips.

Leyss

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Now there is not so much a question about the readiness of small businesses to use cryptocurrency, as the legal readiness of the state to ensure this process. Until a small business settles all the issues of practical use of cryptocurrency as a means of payment, and primarily with the tax authorities, it is unlikely that it will begin to do so on a massive scale. Here, we first speak about financial reporting to tax authorities and auditing, since the use of cryptocurrency significantly alters such reporting and in many cases makes it impossible on individual issues.

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Quote from: Moiyah on May 21, 2019, 10:26:57 PM

Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

Oh well, if I would have just a small business. I will not hesitate to accept bitcoin as a payment. But not all of the customer has btc. Anyway, it would be beneficial for the owner and for the customer if they will accept and pay btc. The only problem is that, btc transactions is slow and the fees are high.

but do you think if you have a small business, of course the money is small. so if there is a dump, do you still have capital security? of course your capital will be depleted and cannot buy your small industry raw materials

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Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

Oh well, if I would have just a small business. I will not hesitate to accept bitcoin as a payment. But not all of the customer has btc. Anyway, it would be beneficial for the owner and for the customer if they will accept and pay btc. The only problem is that, btc transactions is slow and the fees are high.

MalakEnay

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Unfortunately, there does not seem to be sufficient incentives for small businesses to accept cryptocurrencies as a payment system, as many of them are not even aware of them, and the tax authorities could establish a series of legal impediments for their use to become popular. While it is true there do not seem to be too many technical problems for this to happen, I doubt very much that this will happen massively for the next ten years.

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I think that a small business is ready to work with cryptocurrency. Because they have nothing to lose. They have no more risks. But, they will attract the use of cryptocurrency.

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Quote from: cryptolord2077 on May 04, 2019, 09:18:55 AM

I believe that many small businesses would like to accept payment in cryptocurrency, this is due to the fact that cryptocurrency is not taxed, and therefore net profit will be higher.

Well your suggestion is pretty nice but I think it depends on the owner if he is investor or the holder some bitcoin that he can manage to accept bitcoin in his payment system, because when a person invests his money he invest because of awareness about the market value of bitcoin, so I think bitcoin investment is a business itself and no other business will be better than investing in bitcoin.

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Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I can tell you that everyone can sell their good or service in exchange of Crypto.
Most people sell goods and services wants to make profit fast and big in instant. But once you are in business and you are running good, like business mans they don't risk their business and just want to play safe but still earn.

leetcoiner

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I believe that businessmen are still a little afraid to put their business at risk, which brings cryptocurrency. And while they seem to me will not go to this step.

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Quote from: usorin on May 05, 2019, 09:42:56 AM

Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

In my opinion any business, but especially the small ones should be open for any way to obtain income in a legal way so it is normal for businesses to adopt, at some point, bitcoin and other altcoins.

I agree, small businesses don't have much choice and on the way to be successful and to promote themselves they should be more flexible. Still adoptig Bitcoin or other cryptocurrencies could represent a risk for them because of many issues connected with crypto as a payment method. But without risk, there is no profit so they should step out.

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Quote from: usorin on May 05, 2019, 09:42:56 AM

Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

In my opinion any business, but especially the small ones should be open for any way to obtain income in a legal way so it is normal for businesses to adopt, at some point, bitcoin and other altcoins.

Here, I see, there are no comments from individuals who have already had the practice of using cryptocurrency as a means of payment specifically as sellers of various goods and services. Before you do this, you must first determine and agree with the tax service what documents you will provide for the report on the expenditure of goods and money so that the tax authority can verify the payment of the tax. Such documents are very difficult to submit if the calculations are in cryptocurrency. Otherwise, you not only will not make a profit, but you will still be repaying the arisen debts for a long time.

usorin

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Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

In my opinion any business, but especially the small ones should be open for any way to obtain income in a legal way so it is normal for businesses to adopt, at some point, bitcoin and other altcoins.

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Quote from: CandyIzDelicious on April 27, 2019, 09:42:31 AM

I think it is difficult for small businesses to use crypto and there will be many obstacles that will be encountered, moreover the government does not support the development of bitcoin.

But now they have small business who accepting bitcoin or crypto payment to their business or to their online business. Depends to the country if they supported bitcoin or not so if you country who supported crypto maybe you should acceot bitcoin or other coins to your buiness.

Pattart

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Quote from: usorin on April 19, 2019, 04:52:27 PM

Quote from: Ilia5225 on May 04, 2018, 04:33:45 AM

What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I believe that a good argument is the bull run and the transparency offered by the crypto technology. Everything made easy and safe for a business.

Offer them that they can get more buyers and customers if they want to add a bitcoin payment method. after all they have nothing
to lose by accepting payments with bitcoin, in fact it will make their store names bigger and add prospective buyers

Marry Finch

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This will depend on how quickly the states legalize cryptocurrency and the infrastructure will be created for using cryptocurrency as a means of payment. Business structures and their regulatory agencies need clear instructions on how to use it and report to the tax service, because in this case there will be very few documents confirming the fact of receiving and spending goods and money.
The second problem for business structures as a whole is the high price volatility of cryptocurrency. Do businessmen want to risk? If the turnover of goods and funds is fast, there is less risk here, and if it is delayed in time, then businessmen will take a very strong risk. Moreover, the problem of high price volatility of cryptocurrency can not yet be solved in principle.

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