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Re: How can we encourage local businesses to accept BTC?
by
rambi91
on 06/02/2018, 12:38:06 UTC
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
just outline the obvious for them, let them know that this is a possible route to grow larger incomes. For one example Credit card fees usually run around 2-3%, which can make a considerable dent in the profits of businesses operating on low margins, but with bitcoin, you can pay substantially lower fees (~ 1%) without needing a huge volume of transactions as leverage with the credit card company. And that’s only if you transfer your money back into local currency — if you keep in bitcoin, you can essentially avoid fees altogether and even invest at this current time to see a spike in turn  over.