Topic: Would you use crypto-currency to buy appliances? - page 3. (Read 1847 times)

Why not?

Just go with the flow and as you said you are for the innovation and bitcoin will be your instrument to make that $$$ in your company's stock. But make sure that this is something that isn't just for the profit but for the service. It's good to have some this type of service and I don't know if you'll be the pioneer on this type of industry. How are you going to adjust with the price movement of bitcoin and with the fees? Are you going to set the prices relatively to the value of bitcoin or it is as it is with it's pricing to bitcoin (i.e. 0.005 BTC for life).

Good point, I had some similar thoughts regarding incentivising use of bitcoin more. Ten percent may be unrealistic, but def consider cutting some slice. Like 3% for starters. Best of luck

I think that if you gave me an incentive to use my crypto then i would use it..Maybe 10% off, or whatever you would have to pay in credit card transactions fees split that with me

Thanks for the reply, Tim.  Precisely why we are looking to go this route.  More and more people are holding BTC and it is growing at a crazy pace...  If we overlook this trend we are letting $$$$ pass us by!

I have a bitcoin debit card, so I literally buy bitcoin with everything since it is a visa and millions of places accept it.

Let's face it, crypto-currency is gaining too much momentum to be considered a "fad"...  With that in mind, the company that I work for is looking to be an innovator in our field and add Bitcoin as an acceptable payment method! 

Our primary customers are in the commercial restaurant/commercial kitchen industry, but I am curious to see how individuals "in the know" feel about using Bitcoin or other crypto-currencies to pay for kitchen appliances.  Our basic model is that all pricing would be in $USD and if refunds are required, the amount refunded would be in $USD or the market equivalent of Bitcoin on the day the refund is processed.

We would be the first company in our "space" to accept BTC and we will be watched under a microscope by our competitors.  We want to ensure that we have all of our ducks in a row before launching this initiative, but we feel that accepting BTC will open up unexplored territory for our business.  Our target audience will be forward thinking, early adopting entrepreneurs who are looking to strike while the BTC iron is glowing red-hot!  According to http://bitcoinrestaurants.net/, more and more restaurants are accepting BTC so it only makes sense that they would prefer to spend BTC directly from their "wallet" to save to hassle of converting to $USD.  Market research suggests that www.overstock.com accepts over 60 different types of crypto-currency which accounts for .2% (>$2 million) of their total revenue so this seems like a viable move for us.

Long story short, it isn't a matter of "if" we plan on accepting BTC, but a matter of "when".  Please feel free to offer any thoughts, suggestions, comments, feedback, etc. that may help us usurp any potential future pain points.  This is a very exciting time and I am anxious to see how you feel about this project and what your replies have to offer!     

Thank you in advance for your time and responses!