Post
Topic
Board Bitcoin Discussion
Re: Why would you start to accept bitcoin payments as a business owner?
by
iohutom
on 10/09/2014, 03:10:40 UTC
Imagine you are the boss of some kind of business that deals with physical objects everyday and why would you start to accept bitcoin payments?

What are you going to do with all that bitcoins that you've earned? Hold it? seriously?

Everyone is missing the most important thing about business.

PROFIT.

As a business owner, why would you NOT accept bitcoin? If its all someone has, or they will spend it because you accept it.


Though I've been accepting bitcoin for 2 years, and have a sign, I've never done a bitcoin transaction face to face because of it. I did however meet someone from the forums however.

May I know what's the nature of your business? If I am in a business and all I earn is bitcoin I certainly will have a difficult time sourcing for upstream suppliers that accepts my bitcoins, most likely I still need to exchange my bitcoins through one of the exchanges to fiat in order to continue my business. The transaction fees at the exchanges of course will be paid by the consumer as the business will not absorb it.