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Topic: Started accepting Bitcoin as a 4th means of payment in my noddles DEPOT - page 2. (Read 357 times)

member
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We would love to have more insights on the number of crypto paying customers periodically if that's ok with you.
It's okey with me,  I would want to report the total turn up of customers who pay with crypto after 4 months from now.
hero member
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It's great for me to see these kinds of topics emerging on Bitcointalk where you are promoting and advocating the real use cases and fundamentals of Bitcoin.

Accepting BTC as a means of payment in any traditional business is something that businessmen like the OP should be doing nowadays. All they need is to be educated about the positives of Bitcoin and not listening to the uninformed or misinformed people who knew nothing or misunderstood about this crypto.

Congratulations and keep it up! Spread the word more about Bitcoin through the business that you have.
legendary
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That's a big step you took there.
Bitcoin (or crypto in general) availability as a payment option is Nigeria is quite low as not many merchants accept or use it. Having a physical store take it as payment for a regular commodity is a big step in the right direction.

Hopefully, more merchants see what you're doing and join you in accepting cryptocurrencies for payment
hero member
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Great and congratulations on you step in making the adoption of Bitcoin even higher by contributing your own personal efforts.
But you should understand that there may be some dangers you would encounter.
#Your country stands on Crypto-currency some government are very strict with the usage of Crypto and it make affect you.
# networking and transfer congestion. Yes the transactions of Crypto-currency is fast but we all know with low transactions fee transactions may delay and depending on your urgency this may be a problem.
# scammers, some scammer may have hacked a wallets or stolen cryptos and use your medium as a point of sale regardless of this with high security consciousness and enlightening your customers about how to perform transactions I think it's a good start for you.
sr. member
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After started my noddles DEPOT on January 2021, I started by accepting cash payment, mobile banking transfer and a POS marching so that customers could make payments just with their debit/credit card without having to carry cash about.

my customers seem not to be satisfied with these Three payment method, they always have few complain like;
  1: oh! I forgot my debit card at home
  2: oops!! I don't have enough cash to make full payment
  3: ah!! my bank network is not connecting, I can't make transfer.

the problems I have had with this payment method are:
1: receiving late payment as a result of banking network.
2: when customers pay with their Debit card using my POS marching, they get debited and I end up not receiving credit alart unless I go and lounge a complain in the bank for reversal.
 3: some times I mistakenly take counterfeit cash
 4: I got harassed by some street thief's  

 following the ideaology of a Nigerian brother in this forum, I have made up my mind to be more practical as a Bitcoin believer. I decided to accept crypto as another means of payment in my noddles DEPOT.
  According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria.
I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  
first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about.
3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.
  I am open 24/7 to receive your order, you can send DM and your order will be delivered.
I hope this is a good step I took?


https://www.google.com/url?sa=t&source=web&rct=j&url=https://businessday.ng/amp/retail/article/income-time-drive-consumption-instant-noodles/&ved=2ahUKEwj_3YzQod35AhW6X_EDHY8jCNcQFnoECAQQBQ&usg=AOvVaw2jrFWG6zRhfM6Cr8Z33mbu


This is a welcome development. As you can see, it all takes a bold step to actualizing this goal. If we have a thousand of your kind taking this step towards making or accepting Bitcoin as a legal tender then there would be a fast and rapid adoption of Bitcoin in the society and world at large.
hero member
Activity: 1022
Merit: 667
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This is a good initiative to accept Bitcoin as an option for payment in your middle shop, but in as much as accepting Bitcoin is an applauding step and more concern about the fees associated with Bitcoin payments, most Bitcoin merchants in Nigeria charge exorbitant fees will eat up your profits if not for LN network that can solve the issues of high fees the rest of the other will list charge you at list 400 nairas for transaction fees aside from the blockchain fees. So how do you intend to cope with that situation, are you planning on developing your payment system as time goes on and your business expands, what are your plans regarding that?
legendary
Activity: 2422
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I hope this is a good step I took?
It is indeed a good step,  and one in the right direction, bitcoin and cryptocurrencies in general are out to change the way we view and carry money about,  and grassroot adoption is highly needed so as to bring the entire population of the world to the knowledge of this amazing technology.
I will encourage you to also take this idea of accepting bitcoin payments to your suppliers,  that is those who supply noodle to you,  or maybe you buy them directly from the company, then why don't you take the idea of accepting bitcoin payment to them,  you never can tell what that can do and how it can boost your business if they too start accepting bitcoin payment from you for the supplies of cartoons of noodles.
legendary
Activity: 3080
Merit: 1500
More power to you! I hope more and more people pays with cryptocurrency to your store because that is convenient for you. Few years back, one Saloon started accepting bitcoin as a payment method in my vicinity, they have got only one payment in bitcoin from me before closing that option in the inset of COVID lockdown. So it's encouraging to know that you can got 5 customers already paying through cryptos. A lot is changing and changing fast. I hope this trend continues.

We would love to have more insights on the number of crypto paying customers periodically if that's ok with you.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
Always good to see businesses incorporating bitcoin into their payment systems. Good move by yourself, OP. I wish you good luck. Nigeria is a real leader in adoption at the moment, I see lots of stories like this.
member
Activity: 295
Merit: 98
After started my noddles DEPOT on January 2021, I started by accepting cash payment, mobile banking transfer and a POS marching so that customers could make payments just with their debit/credit card without having to carry cash about.

my customers seem not to be satisfied with these Three payment method, they always have few complain like;
  1: oh! I forgot my debit card at home
  2: oops!! I don't have enough cash to make full payment
  3: ah!! my bank network is not connecting, I can't make transfer.

the problems I have had with this payment method are:
1: receiving late payment as a result of banking network.
2: when customers pay with their Debit card using my POS marching, they get debited and I end up not receiving credit alart unless I go and lounge a complain in the bank for reversal.
 3: some times I mistakenly take counterfeit cash
 4: I got harassed by some street thief's  

 following the ideaology of a Nigerian brother in this forum, I have made up my mind to be more practical as a Bitcoin believer. I decided to accept crypto as another means of payment in my noddles DEPOT.
  According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria.
I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment".  
first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about.
3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too.
 Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee.
  I am open 24/7 to receive your order, you can send DM and your order will be delivered.
I hope this is a good step I took?


https://www.google.com/url?sa=t&source=web&rct=j&url=https://businessday.ng/amp/retail/article/income-time-drive-consumption-instant-noodles/&ved=2ahUKEwj_3YzQod35AhW6X_EDHY8jCNcQFnoECAQQBQ&usg=AOvVaw2jrFWG6zRhfM6Cr8Z33mbu
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