Topic: What's your reason for accepting bitcoin as a payment? - page 2. (Read 233 times)
Converting your investment to a more profitable investment. This is the reason I guess why people or owners of different businesses are starting to adopt this technology. The market prices are simply having higher rate of increase in comparison with other type of investments, therefore generating bigger profit. In terms of being an alternative mode of payment, there are still problems for it to be the possible reason from doing so. It is more likely for merchants to fail sustaining their business or to partially lose whenever the market price is falling. It has advantages in terms of anonymity and avoiding taxes but for sure such thing is not that needed on a regular basis when purchasing marketable goods.
You personalized the topic, so answering for myself, the only service I render in which I am paid in Bitcoin are remote freelance gigs, like my current signature campaign on the forum or on other platforms.
And I accept them cause it's the best option for transactions across border and to maintain your anonymity. I can remain as an online forum personality and earn through my campaign without having to reveal my identity.
And I accept them cause it's the best option for transactions across border and to maintain your anonymity. I can remain as an online forum personality and earn through my campaign without having to reveal my identity.
Since I have been using bitcoin and some other cryptocurrencies, I have prefer to send using them instead of using fiat, sometimes it is more convenient for me to send bitcoin.
There has been many situations that a friend and I will have a deal and I will prefer to use crypto.
If other people are feeling like I do, the number of people that are using cryptocurrencies are increasing and such people are also looking for ways to use bitcoin for payment too. That is a good reason enough.
There has been many situations that a friend and I will have a deal and I will prefer to use crypto.
If other people are feeling like I do, the number of people that are using cryptocurrencies are increasing and such people are also looking for ways to use bitcoin for payment too. That is a good reason enough.
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
Merchants are created and operated to serve their customers. What their customers ask for and if their requests are legit, practicable, merchants will consider to integrate it into their platforms.Adding cryptocurrency payments also help merchants to expand their customer population to more people. Like one cryptocurrency project announces its partnership with a merchant and their cryptocurrency can be used on that platform, their community members will want to explore the merchant platform.
For unbanked people, they will see chance to use cryptocurrency and get access to merchants as well. They will have double benefits by using cryptocurrency, no need to have a bank account and can access to many services and buying, exchanging many products.
What's your reason?
There are many reasons that can prompt the acceptance of bitcoin for payment;(1) A vendor who knows about bitcoins and is looking for ways to get bitcoins into his wallet without him investing the money he has at hand. He can decide to include payment in bitcoins as an option as a way for him to get bitcoins.
(2) Acceptance of bitcoins for payment can also be prompted by the environment and the kind of niche that the business is. A business in an environment where there are youths actively involved in cryptocurrency can make a vendor add bitcoin as a payment option.
(3) To receive payment from people or individuals that you do not want to know your name.
These are some of the reasons, there are more.
They can accept Bitcoin to join the market early. Or, they may be accepting it as an investment. It is more simple to accept Bitcoin directly than to accept Fiat and purchase Bitcoin with it. Or, they may be accepting it just for marketing purposes. If I had a small business, I would look for ways to expand my range of customers. This is one way to do it. The Cryptocurrency community is large enough to make a change and supportive enough to help a business out, even if just a little.
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Regards,
PrivacyG
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Regards,
PrivacyG
The reason for accepting cryptocurrencies is simply that if you are interested in growing Bitcoin then you should be an early adopter and get other merchants to do so so you can create a circular economy in your city.
Accepting bitcoin or cryptocurrency for businesses other than attracting more customers, there is no second reason. Nowadays, the use of cryptocurrencies is increasing rapidly, so accepting cryptocurrencies or bitcoin will also attract an additional number of customers for businesses. This is normal because the world is always changing and developing, people need to keep up with the times to be able to survive.
Organisations, medium businesses and small businesses are accepting crypto, not rapidly but it's growing naturally. Customers are asking merchants to accept crypto as payment for services they are providing.
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
Customer acquisition is the only thing I can think of. Businesses will be more than happy if accepting cryptocurrency payments will help them to find new customer base. Otherwise crypto payment option is a risk to the businesses purely due to the price volatility.
Last week I had to renew my hosting plan for my business. This time I have ditched my usual hosting service provider and went ahead with Hostinger because they were accepting crypto payments. So I purchased a hosting plan for 4 years. That's what I mean by customer acquisition.
Organisations, medium businesses and small businesses are accepting crypto, not rapidly but it's growing naturally. Customers are asking merchants to accept crypto as payment for services they are providing.
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
It's a payment method that you can easily accept and it's a currency that you can easily exchange. It's both at the same time and has millions of users. Why shouldn't anyone accept bitcoin? It's volatility can be a little tricky cause it can go from 20K to 18K in a minutes sometimes and during the payment process your $20 value product can become $18 during the transaction confirmation timeframe but opposite can happen too but it's not a huge deal and no one has ever stopped by this reason alone.Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
I want to underline the greatest advantage of bitcoin payments: You can install and setup BTCPay server on your website and accept bitcoin payments without any 3rd party payment gateway companies. This gives you full control on addresses and you don't have to pay any fee to anyone, so all the money, 100% amount of coins goes into your address.
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
What's your reason?
I think the proper question should be, what are the reasons why we feel more merchants should accept Bitcoin as a means of payment in their stores. We don't have much merchant on the forum so asking the questions from their angle won't yelled much positive response. I'm not a merchant anymore but if I still run my personal business I'll accept Bitcoin.
The reason I'll accept Bitcoin is because I'll be exposing my business to a new fan base. People might just patronized me because I'm accepting Bitcoin and those who do so will spread the message and I'll be getting free publicity without spending any penny. If Bitcoin isn't consider illegal in my country I see no reason why not to accept it.
Means of exchanging it to my local currency is very accessable and I can do that with my phone so what's there not to accept it. Merchant are missing out on profit as people are looking for means to spend their Bitcoin.
too many reasons if we think about it, but what I often think is they accept bitcoin or cryptocurrency to expand their market, and make their payments easier. You know that it's quite difficult to make transactions if your target is international. bitcoin or altcoins will make that transaction easier. however, its other goals are also to increase profits, as well as accumulating assets while doing business.
We have so many reasons why people do accept Bitcoin as a payment option and they include; to increase bitcoin's adoption, if you check most of the threads created here about how they're now accepting Bitcoin in their businesses you'll see that it's just a means for them to help in the grow of Bitcoin ecosystem.
Another reason is because of the lack of regional restrictions, unlike fiat that has restrictions Bitcoin can be used anywhere without the fear of restrictions.
Another reason is because of the lack of regional restrictions, unlike fiat that has restrictions Bitcoin can be used anywhere without the fear of restrictions.
I mean, that's pretty much it? The reason to accept a specific currency in general is so people that wanted to use it could pay using it. There doesn't need to be another purpose.
Businesses are want to accept crypto payment because it's the best payment in order to accept every citizens to use their service due to borderless payment option. But I think it's only for online businesses where the customers ask to add crypto payment, while offline businesses you can directly use fiat to pay anything without need to ask if they're really accept Bitcoin payment and I don't think there's a big demand from the customers.
Organisations, medium businesses and small businesses are accepting crypto, not rapidly but it's growing naturally. Customers are asking merchants to accept crypto as payment for services they are providing.
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
Well, this is a really basic reason. But merchants do have other reasons as well to accept crypto payments.
What's your reason?
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