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Topic: When will more retailers accept Bitcoin - page 42. (Read 17249 times)

hero member
Activity: 1022
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well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.

Yes they will get more attracted to it if that will happen. Plus if the current issues will be resolve sooner like high transaction fee and turtle like confirmation they will be more interested. Businessmen always mean business so they'll go where they can profit big time.
hero member
Activity: 798
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well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.
Even bitcoin will not become 5000$ they will still accept it nowadays technology chance that fast with our new developer or those inventors. There are some retailers now that accept bitcoins even the car store which is luxury they now accepting bitcoin as a payment method see the difference between the year 2014 and now maybe it will took 5 years before bitcoin will accept into regular stores.

I do believe that more and more retailers will really accept bitcoins and as you've said bitcoin will rise higher even though price will be at low instance. Those retailer will accept because of it's potential price rising capability and of it's profitability. Hopefully in my country soon, it will also be accepted by some retailers and it will be adopted at local electronic shops and computer and gadgets shops.

That will surely depends on demands if retailers could see how huge the market of bitcoins in their place im sure that they will gonna accept bitcoins to their store since they can benifits on it if they will join to its payment thrend. But for now let's just see if price would really rise up until 5000$ since if the price is so high it can attract more business to grab some of this.
legendary
Activity: 1148
Merit: 1048
well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.
Even bitcoin will not become 5000$ they will still accept it nowadays technology chance that fast with our new developer or those inventors. There are some retailers now that accept bitcoins even the car store which is luxury they now accepting bitcoin as a payment method see the difference between the year 2014 and now maybe it will took 5 years before bitcoin will accept into regular stores.

I do believe that more and more retailers will really accept bitcoins and as you've said bitcoin will rise higher even though price will be at low instance. Those retailer will accept because of it's potential price rising capability and of it's profitability. Hopefully in my country soon, it will also be accepted by some retailers and it will be adopted at local electronic shops and computer and gadgets shops.

meh, if i were a fiat business i wouldnt be that keen on bitcoin. if you try to store it as business capital, its too volatile to plan anything on; you could lose 30% in a matter of hours, LOL. if you try to spend it, good luck; no b2b operation is going to accept bitcoin for their goods. you will have to convert it to fiat, at a fee. and still be subject to market movements. so unless you are going to accept btc as a payment method through a gateway, for fiat, it really doesnt seem worth it. also, only really helps if they have frequent, small transactions. if i had say 10 10k transactions a day (used cars), you would be better off with traditional banking methods.


and the fees.... its actually cheaper to pay mastercard/visa 30 cents a transaction...

 Sad
hero member
Activity: 910
Merit: 523
"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

Japan has leading the way with bitcoin as legal payment which many companies in there accepted bitcoin transaction, even some public service could be paid using bitcoin. And there are a lot of citizens which have been using bitcoin in daily transaction in several places all over the world such as Arnhem and much more.
If you mean when more retailers in USA accept bitcoin, then the answer will be relative as the country won't stated it as a legal payment instead they have stated bitcoin as a commodity. So, people should convince retailers owners to accept bitcoin payment, maybe it will be easier after segwit implemented.
hero member
Activity: 798
Merit: 500
well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.
Even bitcoin will not become 5000$ they will still accept it nowadays technology chance that fast with our new developer or those inventors. There are some retailers now that accept bitcoins even the car store which is luxury they now accepting bitcoin as a payment method see the difference between the year 2014 and now maybe it will took 5 years before bitcoin will accept into regular stores.

I do believe that more and more retailers will really accept bitcoins and as you've said bitcoin will rise higher even though price will be at low instance. Those retailer will accept because of it's potential price rising capability and of it's profitability. Hopefully in my country soon, it will also be accepted by some retailers and it will be adopted at local electronic shops and computer and gadgets shops.
hero member
Activity: 1806
Merit: 672
It's really hard to give a real answer becaude mostly adding bitcoin as a payment started some years ago but for example fiverr removed it. As I read also on this forum, one japanese airline is going to accept bitcoin payment.
Bitcoin with blockchain technology is getting popular everyday so there is no doubt more retailerd will accept it in near future because everything has it's user so it won't be bad for any retailer if they will have even one additional client because of bitcoin.
It's good and easy payment system so no worries, it will rise finally.
Well if other businesses see the advantage and great opportunity it will give to that retailer than obviously other businesses will follow. For example if other airlines in Japan saw that airline that accept Bitcoin had tremendous success because of it than definitely they will soon accept Bitcoin. If the retailers and at the same time the consumers have the same feedback on the usage of Bitcoin than it will easily influence other businesses to soon accept it as a mode of payment in their business.
hero member
Activity: 2352
Merit: 905
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It's really hard to give a real answer becaude mostly adding bitcoin as a payment started some years ago but for example fiverr removed it. As I read also on this forum, one japanese airline is going to accept bitcoin payment.
Bitcoin with blockchain technology is getting popular everyday so there is no doubt more retailerd will accept it in near future because everything has it's user so it won't be bad for any retailer if they will have even one additional client because of bitcoin.
It's good and easy payment system so no worries, it will rise finally.
full member
Activity: 219
Merit: 102
I think Bitcoin will be accepted by more businesses when it is easier and cheaper to use than fiat. In the end every larger business needs fiat, because they cannot pay anything using Bitcoin. This does apply to taxes and the most of the bills. As soon as they are benefiting from using bitcoin rather then using fiat they will make it happen.
hero member
Activity: 1372
Merit: 503
well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.
Even bitcoin will not become 5000$ they will still accept it nowadays technology chance that fast with our new developer or those inventors. There are some retailers now that accept bitcoins even the car store which is luxury they now accepting bitcoin as a payment method see the difference between the year 2014 and now maybe it will took 5 years before bitcoin will accept into regular stores.
hero member
Activity: 1806
Merit: 672
I think at this time only a few countries are willing to adopt bitcoin as a means of payment, and not many from other countries to accept it, japan there are countries that have adopted bitcoin because the popularity of bitcoin there is very high many people there who already know bitcoin, and bitcoin have been made The payment tool either online or offline, but in some bitcoin countries have not been widely used as in japan, the problem of legality of bitcoin may be its inhibition because bitcoin is not as popular as in japan, I also hope bitcoin can be used in my country like what Japan apply
Nicely explained! Mate. That’s exactly what most of the retailers do. They do accept payment in bitcoins but immediately get them converted into dollar. I will suggest them to keep their bitcoins until and unless they reach some huge value.
Retailers can do good business with bitcoins. The payment process with bitcoins is not that tough. The countries who are the kings of technology know all this and have made bitcoins legal. 
Well the way I see it the case of Japan and Korea from what I read is that they are both counted as a "credit card country" meaning Credit Card transactions is equal or even more then Fiat Currency in their country, you don't even have to convert your money into a local currency in order for you to spend in that country. This are tourist destinations in which both countries are willing to adapt in terms of payment systems and maybe that is why they will accept Bitcoin as a mode of payment as well.
full member
Activity: 176
Merit: 100
well i think bitcoin will accept more retailers when the bitcoin reach 5000$ per piece in that price the retailer will be hungry about bitcoin so that they accept it.
legendary
Activity: 938
Merit: 1002
I think at this time only a few countries are willing to adopt bitcoin as a means of payment, and not many from other countries to accept it, japan there are countries that have adopted bitcoin because the popularity of bitcoin there is very high many people there who already know bitcoin, and bitcoin have been made The payment tool either online or offline, but in some bitcoin countries have not been widely used as in japan, the problem of legality of bitcoin may be its inhibition because bitcoin is not as popular as in japan, I also hope bitcoin can be used in my country like what Japan apply
Nicely explained! Mate. That’s exactly what most of the retailers do. They do accept payment in bitcoins but immediately get them converted into dollar. I will suggest them to keep their bitcoins until and unless they reach some huge value.
Retailers can do good business with bitcoins. The payment process with bitcoins is not that tough. The countries who are the kings of technology know all this and have made bitcoins legal. 
hero member
Activity: 1008
Merit: 510
"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency"

article published July, 5, 2017
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/

"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients."

It makes sense that a transition to accept bitcoin would be underway for more US-based stores.

It's going to take time for Bitcoin to go mainstream. At some point, customers will demand that retailers accept Bitcoin as payment like credit cards or debit cards. That's what it will take for these retailers to make this change. They won't accept Bitcoins until there is demand from customers that will influence their sales and profits.

We're seeing some minor business and online merchants accept Bitcoins and people are starting to buy Bitcoins for investments or gambling. But there aren't enough people using Bitcoins as a payment method yet to make it worth it to mainstream retailers for them to make this change.
hero member
Activity: 2632
Merit: 833
Well I think more publicity is needed in order to make more merchants to accept Bitcoin as their mode of payment. This is needed since only few (compared to the total population on Earth) know what Bitcoin is. How can these merchant accept Bitcoin as payment when they do not know it in the first place, right? As Bitcoin gain publicity, it will grow stronger and will gain more popularity. This way, merchants will definitely accept Bitcoin.

We also need to factor in the price instability of bitcoin. I think this is the deciding factor for online merchants not to accept bitcoin as mode of payment. Because they think that the price fluctuations will really impact their profits in a negative way. Its good if the price of bitcoin has risen, but if fall down then they will lose the profits. But if the merchants thinks otherwise, then I wouldn't be surprise at all.
full member
Activity: 140
Merit: 100
Well I think more publicity is needed in order to make more merchants to accept Bitcoin as their mode of payment. This is needed since only few (compared to the total population on Earth) know what Bitcoin is. How can these merchant accept Bitcoin as payment when they do not know it in the first place, right? As Bitcoin gain publicity, it will grow stronger and will gain more popularity. This way, merchants will definitely accept Bitcoin.
legendary
Activity: 1456
Merit: 1005
It would be hard for my country for bitcoin to be accepted in almost all establishments here since my country is not as rich as Japan.  Tax is needed for the growth of the country and if bitcoin will not be taxed then our country will not permit bitcoin to be legalized or used here.  Or if ever retailers will accept bitcoin as a mode of payment here, then maybe they will have a tax for the services.  Then items paid with bitcoin will be a little higher compared to items paid with cash.

Which country do you belong to and has your country have legalized the bitcoin or not yet? Our country is also planning to bring it under purview and tax the bitcoin so that revenue can be generated by the government and it can be under govt control as well.

According to me except Gulf states all countries governament needed a tax to improve their country. Gulf states are running under Prince, so they don't need people money to develop their country. Here they can adopt Bitcoin because it will not effect on government. Where the govt is running based on people tax, there is it tough to become legal. 
hero member
Activity: 966
Merit: 506
There will be the right time when more merchants will totally accepts and adopt bitcoins but still we need to wait for it since adoption rate just now is increasing and im sure it will affect worldwide market so we can expect

It's already covered by about 60% of the retailers in this area I'm not sure how many more you want? If it's not covered by a retailer that I can be covered by a gift card or another form of payment that can be transferred from or to bitcoin using quickly so I'm not really sure what it is you're looking for.
newbie
Activity: 42
Merit: 0

Here a are couple of main reasons retailers do not take Bitcoins.

1- They are still difficult to deal with. You have to figure out how to accept them, where to store them and where and how to turn them back into fiat currency.
Retailers do not want to sit down and study this all and figure it out they just want systems that will take a payment. 6-seconds done..

2- Much of the gateway technology is new. New technology means bugs, problems, lag time, learning time, failed experiments, bankrupt companies, etc. Retailers just want proven stuff to plug in and go.

3- Bitcoin is unstable. It can lose 10% in one day. Retailers have tight margins 10% can make or break the profit in a sale for many.

The big reason WHY ? Why would a retailer go tru the extra trouble .. ? You have a few devoted Bitcoin fans and you have some of the IT crowd exploring it but as far as mainstream it needs to be easy and worthwhile.

People do not go out of their way just to make life hard for no reason. Especially when it comes to $$$. In the world of retail the payment is the final end of the line. It needs to be as easy and flawless as possible.

Bitcion need better apps, less fees and become more stable to start with.


1) Non of the retailers listed above are taking bitcoins.
In the main article you should read the line about partnering with coincheck.com.
You pay with bitcoins but they are immediately exchanged in fiat.
It poses no risk to the store.

2. The technology is already 3-4 years old when it comes to payments , no problems there.

3. See point 1.

The main article I got a 404.

1) I will personally try coincheck.com I am always trying to find reliable payment processors. This is the model that is needed seemless bitcoin integration.
It is hard to say until you start to try them and see how reliable they are and what the TOS is. Many newer payment processors are super buggy and will lose you a lot of sales/money. Many established one like paypal have horrible TOS and will freeze your bank acct at the drop of a hat.

Payment processors can be a massive headache it is good to have at least 3-4 at your checkout. One that takes Bitcoin even better.

2) The technology is a couple of years old but it takes a very dedicated and well funded company to keep it going, patched, secure and keep the bugs at bay. Many times payment processors seem great until you start using them and they start failing you. Think about how many times you go to order stuff online and your order doesn't go tru- it is many times the fault of the payment software.
legendary
Activity: 3066
Merit: 1147
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I think it will take a long process there's a lot of consideration they will need before accepting bitcoin as a payment. For example

1. They need to wait for the payment to confirm before the transaction we all know that it will take a long time before the low fee transaction to be confirmed.

2. We all know that the bitcoins price drops and pumps so will the price of the retailers i think it would be hard for them to adjust.

I think they will provide a wallet or they will use same wallet so that they will exclude the transaction fee in every transaction.

I don't see these as problems.

1. You DO NOT need to wait for confirmation if you use a payment processor (most do), or if the sale is not large. Credit card companies do this now for small purchases. They know that is not cost effective to do a fake transaction for $10 bucks.

2. Most retailers who take it never touch bitcoin. You pay with BTC but the payment processor deposits dollars in their bank account each day. Of course if they do keep their coins then they would be likely to make additional profits over time. Although with risk.
sr. member
Activity: 406
Merit: 251
I think at this time only a few countries are willing to adopt bitcoin as a means of payment, and not many from other countries to accept it, japan there are countries that have adopted bitcoin because the popularity of bitcoin there is very high many people there who already know bitcoin, and bitcoin have been made The payment tool either online or offline, but in some bitcoin countries have not been widely used as in japan, the problem of legality of bitcoin may be its inhibition because bitcoin is not as popular as in japan, I also hope bitcoin can be used in my country like what Japan apply
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