If you are into a local business and accepting bitcoin for payment how much discount are you giving up for your buyers? 1%? 2%? How much discount do you think is ok for your business and won't affect you? Right now I am sure that many people are accepting bitcoin in their business as there are many posts about this, I also read that discount is an effective way to make people want to pay with Bitcoin.
The amount of discount I would give would depend on the cost of specific goods and my profit margin. Yes, giving kickbacks or discounts for goods bought with bitcoin can entice people to use the currency but we must take this promotional step having in mind that the business needs to survive. Every business is sustained by profit that is why we must analyse our business positions before we take any decision. Giving the customer some percentage of my profit for using Bitcoin might be the right step to take, maybe 20 percent of the profit might be good ideal.
