Re: What Point Do You Start Accepting Bitcoin as a Payment Option For Your Business?
I have read more than five (5) posts on this forum where users celebrate accepting bitcoin as a payment option for their business. Outside of the forum, we have read news of companies such as Microsoft, Home Depot, Twitch, Whole Foods, Gyft, Benfica accepting bitcoin as a payment. The question that has been on my mind for quite a long time is that-at what point do you think a business should start accepting bitcoin as a payment option, considering profit margin, price stability, and manipulation from exchanges?
I will only accept bitcoin payment when everything around me is already aware and are more knowledgeable on bitcoin. Otherwise, if I start accepting bitcoin when all they know is only fiat, then my business wont work and will eventually go back to fiat alone as a payment because its what people only know and become aware.Image source: Bitcoin Accepted Here