Topic: One Month of Accepting Bitcoin for Payment - page 2. (Read 1351 times)

This is a good initiative and since now the price of Bitcoin is very deep.  So now if you accept bitcoin for business.  Then it might make you a lot of profit.  Because the position Bitcoin is in now is very unlikely to get any worse.  So now maybe the price of Bitcoin will not dump so much due to which you can lose a lot.  But since cryptocurrency is a risky subject, you have a lot of risk in this case.  Because it is not your personal investment.  It's your business. So in this case if you lose your business money through any bad incident of Bitcoin.  Then it can have an impact on your business . But good luck to you carry on

Congratulations! This will undoubtedly benefit your company in some ways and raise awareness of Bitcoin among other residents of your neighborhood. I'm confident that many more businesses and furniture makers will begin taking Bitcoin as payment. I will suggest that you make your notice of Bitcoin acceptance in the business larger in order to attract more people's attention. This will not involve any more peer-to-peer transactions and will greatly assist those who are willing to use Bitcoin to acquire goods.i know many people will utilize this Bitcoin acceptance payment method  and start patronising you more once they found the awareness because many people are waiting for opportunity like this to come and make people believe Bitcoin is the really alternative for fiat currency.

Yes, I will, as long as my customers are comfortable with it. By deciding to accept Bitcoin payment, I also made up my mind to adopt any possible or available means that will aid quick transactions. I have used Binance Pay several times, even before I started accepting Bitcoin payments, so if my customers decide it's convenient for them, then that's okay with me. 

I accept Bitcoin, USDT, BNB, and BUSD.


I usually release the bought item to customers after five network confirmations. Since I started, no customers have complained because they seem to know about crypto so well too. I have not experienced a very long delay in payment confirmation, but if such a situation arises, I wouldn't hesitate to cover the transaction fee to enable fast confirmation so as to save customers' time. Also, I give receipts to my customers for items bought, and the receipt has an entry for the customer's name and home phone number, so I could call in if payment failed.


Somewhere in the west African region.



Yes, I have received payment in Bitcoin, USDT and BUSD. See image below.

                              

                                

                                



I don't know about other countries, but in my place, the furniture business is something that really has a high profit yield. You might sometimes make up to $200 or $250 in profit, depending on the bid the customer offers to pay; it could be less or even more. The price of my furniture is not fixed.


I am not considering radio advertising; it will cost me more. Sir Lucius made mention of giving discounts to my customers here, and I have already decided on the discount I would offer customers who pay with Bitcoin.

I've been thinking of doing similar thing and I hope and pray it works out fine for me.
I love this your idea and concept because it's very simple and straight to the point but I don't know what country you are but I hope there are no restrictions towards the usage of Bitcoin in your community because there are believes in my country that anyone using Bitcoin is rich and for a business man like you to accept Bitcoin as a means of payment, it greatly means there would be greater chances of criminal attack on you and that has been one of my major reasons to have withheld tye usage of Bitcoin as a means of payment unless from my trusted customers

Exactly, that's my point. It's good to continue to see people and their businesses adopt bitcoin and crypto as a means of payment but then they have to be forced to comply with their government's rules. Bitcoin users must comply with government regulations if they don't want to get into trouble. It's always possible to quietly adopt bitcoin, but I wouldn't be comfortable doing it in the dark.


Done, thanks about that.

It is a good decision by them to accept bitcoin as payment for their business, and I am sure that this decision will definitely help him or anybody else with their business to attract more clients if they wish to use bitcoin instead of the traditional methods of payment. However, I did not think that it is necessary to give some time for acting bitcoin so as to get people interested because it seems to me that more and more people are getting into bitcoins every day and this can bring in more clients for these types of businesses.

Amazing. Good decision and rest assured that others will follow your lead in accepting Bitcoin as a means of payment.
Indirectly you are campaigning for the convenience of Bitcoin to people in your environment.
Another message that you are conveying to other entrepreneurs around you is that the cash process is too complicated as you convey.

For me, accepting Bitcoin as a means of payment in a business can be a good and unique strategy in advancing your business if others don't do it.

Congratulations guys.

Congratulations OP, you have accepted Bitcoin as a means of payment, this is a step forward that you are taking, given the much adoption that has taken place towards Bitcoin payments. Thus you also provide customers with smart options in the business that you are developing, where many people are currently using Bitcoin not only as part of an investment, but also as a means of payment for certain products or services.

To attract customers, maybe you can make advertisements on Radio channels or online print media, while providing discounts that you customize on items purchased using Bitcoins, this step is also likely to get much more satisfying results, because people get the option of shopping on products what you offer.

Once again congratulations OP, you have succeeded in creating opportunities in Bitcoin.

Such an extraordinary initiative, even real work by making some furniture is able to provide a payment solution that I haven't seen anywhere. You got off to a very good start and dared to create something different from what people usually pay cash for. I think what you started is the first step towards a bigger dream. Hopefully, people are motivated by your idea. Bitcoin will always be friendly and the stigma about paying Bitcoin just to pay for luxuries has been broken by you.

Congratulations to you Dr.Bitcoin_Strange and good luck with your business

You are great, I also want to do the same as what you are doing, can accept Bitcoin as a means of transaction, but in my country, the regulations are very strict, if I use another means of the transaction as payment I will be subject to criminal penalties for a maximum of one year and $12,800 fine. Of course, this is very difficult for me.
If I did it secretly without other people's knowledge, maybe I could do it, but when neighbours or other people report what I did to the local police, I could be entangled in the law.

I appreciate your courage, one day I will also do the same thing as you when the legal regulations in my country have allowed it.

of course this is a very good question, because we are sure that those of us who have been involved with crypto for a long time will have experienced something like you said, even I myself have experienced stuck transactions, so it took quite a long time to be able to complete all the transactions.
of course if the op experiences something like that, it is certain that he must take some action so that it can continue to be mutually beneficial. whether to continue to make transactions, even though waiting a long time or as you say, want to accept payments with other methods.
but I appreciate what op did to want to make sales by accepting payments in bitcoin, of course this will be indirect knowledge for many people who have not known and know what bitcoin is.

This is a nice move! But I want to know are the prices of the goods fixed? Or change at any time? As risky as you are doing this, I can't believe you got 13 customers. Really good! Hope there are more companies like yours. If everyone is like this, the cryptocurrency market will become popular. The bull market is coming!

Yep, it is a brave effort. As I said, it is a great effort, too.
However, to make the effort achieves the target and doesn't stop very early, we need to know that the effort doesn't break the laws. I'm sure OP doesn't want to make useless efforts and it even makes a bad reputation for BTC on the society. So, besides ensuring that the bussiness is in the proper environment (where people are quite familiar with BTC), we also need to ensure that it doesn't break local regulation or laws.

OP has told us that he already have 13 customers.
Please check this post: https://bitcointalksearch.org/topic/m.61424365


CMIIW

Thank you so much for doing your part in inspiring micro-businesses to accept cryptocurrency payments. To be honest it's really hard for small businesses to make changes like these in their payment schemes because of the huge potential for losses, but you letting other people know that bitcoin is as safe as it can be truly helps in diffusing negative stigma against cryptocurrency. Especially now that we are facing quite the issue courtesy of the FTX crash along with other cryptocurrency shenanigans earlier this year. Right? People are waiting for the adoption to finally happen, and here we have a great person doing his part in making sure it comes to reality. Bitcoin adoption won't happen if no one does their part, and businesses like his that directly market to the people are a great pavement in making sure this happens at least within our lifetimes.

Bitcoin have a very influence on the general market and have affected many fiat Currency in many ways. There's still time for us to adapt the pattern of bitcoin as means of payment which is very fast and reliable. Accepting bitcoin is one of the fastest way of growing the project universal and the moderators behind the project are working effortlessly to make it one of the biggest successful project in crypto, and it's on the verge of doing it. Nakamoto brought in the existence of bitcoin although his identity is not well known to us but he did a very good job in making the project to have a solid target.

The economy is always supply and demand. Since there is not a lot of demand for paying with bitcoin most businesses dont take the hassle to accept payments with it. If more people would ask to pay in BTC more sellers would accept it.

Nothing and no one prevents you or anyone else from repeating OP's actions and accepting payment for his work at bitcoin. He didn't try to change the world immediately and instantly. Started small and has already contributed to mass adoption. The rest just need to follow his example and it will create an avalanche effect. Do you want to see btc as a means of payment around the world, at every turn and everywhere? Start small - hang a "we accept bitcoin" sign on your store door or website page.

It is, but if this is a community they trust and don't tell the government it will be safe. Even if it is behavior that will harm the government. But I think many have done that but not in a visible way.
The deal is that the value fluctuates. They must understand if crypto can be a very profitable or detrimental means of payment due to the volatility of its value. This is what makes them prohibit payments using Crypto. Even though they have collected taxes for crypto transactions as Commodities.

This is a great initiative and im really happy to see Bitcoin believers making efforts to expend crypto adoption, i always feel that expending adoption is one if our responsibilities as Bitcoin believers and we should always make our best to teach people about Bitcoin and it's benefits, I hop in the future we see more initiatives like this one

That's just really amazing. Wish I had furniture seller nearby whose accepting the bitcoins as part of payment. How cool it is to see, you walking nearby local area and suddenly see that board saying "We Accept Bitcoins Here". I am sure any crypto lover would stop by to see what's the exact process for doing so and how are they doing about it. At least I would go and check on such vendors and ask how much response are they getting. This could tell me tales of my region! 
Imagine if we see this every where on the street market to malls then what the heck government would do about it? I think they will be more afraid about it and may just make it far more stringent to accept it. However, that's our victory people. Lets keep doing it.