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Thank you all for the positive feedback and comments! Regarding International shipments, we would have to develop an additional business model to make this happen. If our BTC initiative becomes profitable enough to garner expansion into the International market we will certainly make it happen, but at this time we have to take the "wait and see" approach. We aren't saying "never", just "not right now".
Thank you all again for your input. I'm surprised at the traction this initiative has already gotten in a few short hours! I'm anxious to see what the future holds!
https://youtu.be/4oUiC5kG3GE
Thank you all again for your input. I'm surprised at the traction this initiative has already gotten in a few short hours! I'm anxious to see what the future holds!
https://youtu.be/4oUiC5kG3GE
NOW ACCEPTING BITCOIN!
LOUISVILLE, KY - 11-15-2017 -- Press Release -- Consolidated Foodservice launches Bitcoin payment integration.
Bitcoins (BTC) spectacular rise in a few short years means it is now the worlds leading crypto-currency. A leader in innovation, Consolidated Foodservice (CFS) is excited to announce a new initiative to become the first company in the kitchen and restaurant supply industry to offer commercial grade restaurant and kitchen equipment for purchase with the crypto-currency, Bitcoin.
Consolidated Foodservice customers will be able to use Bitcoin to purchase a wide variety of commercial grade kitchen accessories and appliances from water filtration systems and refrigerators to walk-in freezers and much more.
At Consolidated Foodservice we feel that you either stay ahead of technology or you fall behind. Since January 1, 2017 Bitcoins performance has grown a staggering 550% to a value of $6,500 USD! As Bitcoin gains even more mainstream momentum and continues to grow exponentially, there are sure to be late adopters scrambling to play catch up as they believe Bitcoin is merely a trend. CFS believes that Bitcoin is not only a viable form of currency, but the future of world-wide ecommerce - and a very exciting future at that!
Industry-leading Bitcoin payment platform Stripe will be processing the Bitcoin transactions. Stripe handles billions of dollars every year for businesses around the world and offers a significant leap forward in processing ecommerce payments. Stripe's investors include PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk.
For additional information and to learn how Consolidated Foodservice can cater to your forward-thinking business, visit us at: www.consolidatedfoodservice.com, email us: admin@consolidatedfoodservice.com or call us at: 1-800-550-0706.
https://www.consolidatedfoodservice.com/blog/cfs-now-accepting-bitcoin/
LOUISVILLE, KY - 11-15-2017 -- Press Release -- Consolidated Foodservice launches Bitcoin payment integration.
Bitcoins (BTC) spectacular rise in a few short years means it is now the worlds leading crypto-currency. A leader in innovation, Consolidated Foodservice (CFS) is excited to announce a new initiative to become the first company in the kitchen and restaurant supply industry to offer commercial grade restaurant and kitchen equipment for purchase with the crypto-currency, Bitcoin.
Consolidated Foodservice customers will be able to use Bitcoin to purchase a wide variety of commercial grade kitchen accessories and appliances from water filtration systems and refrigerators to walk-in freezers and much more.
At Consolidated Foodservice we feel that you either stay ahead of technology or you fall behind. Since January 1, 2017 Bitcoins performance has grown a staggering 550% to a value of $6,500 USD! As Bitcoin gains even more mainstream momentum and continues to grow exponentially, there are sure to be late adopters scrambling to play catch up as they believe Bitcoin is merely a trend. CFS believes that Bitcoin is not only a viable form of currency, but the future of world-wide ecommerce - and a very exciting future at that!
Industry-leading Bitcoin payment platform Stripe will be processing the Bitcoin transactions. Stripe handles billions of dollars every year for businesses around the world and offers a significant leap forward in processing ecommerce payments. Stripe's investors include PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk.
For additional information and to learn how Consolidated Foodservice can cater to your forward-thinking business, visit us at: www.consolidatedfoodservice.com, email us: admin@consolidatedfoodservice.com or call us at: 1-800-550-0706.
https://www.consolidatedfoodservice.com/blog/cfs-now-accepting-bitcoin/
Once again, thank you to everyone for your feedback and input. As of today, 11.15.2017, we are OFFICIALLY accepting BTC!!! Stop by and check us out!
https://www.consolidatedfoodservice.com/
https://www.consolidatedfoodservice.com/blog/cfs-now-accepting-bitcoin/
NOW ACCEPTING BITCOIN!
LOUISVILLE, KY - 11-15-2017 -- Press Release -- Consolidated Foodservice launches Bitcoin payment integration.
Bitcoins (BTC) spectacular rise in a few short years means it is now the worlds leading crypto-currency. A leader in innovation, Consolidated Foodservice (CFS) is excited to announce a new initiative to become the first company in the kitchen and restaurant supply industry to offer commercial grade restaurant and kitchen equipment for purchase with the crypto-currency, Bitcoin.
Consolidated Foodservice customers will be able to use Bitcoin to purchase a wide variety of commercial grade kitchen accessories and appliances from water filtration systems and refrigerators to walk-in freezers and much more.
At Consolidated Foodservice we feel that you either stay ahead of technology or you fall behind. Since January 1, 2017 Bitcoins performance has grown a staggering 550% to a value of $6,500 USD! As Bitcoin gains even more mainstream momentum and continues to grow exponentially, there are sure to be late adopters scrambling to play catch up as they believe Bitcoin is merely a trend. CFS believes that Bitcoin is not only a viable form of currency, but the future of world-wide ecommerce - and a very exciting future at that!
Industry-leading Bitcoin payment platform Stripe will be processing the Bitcoin transactions. Stripe handles billions of dollars every year for businesses around the world and offers a significant leap forward in processing ecommerce payments. Stripe's investors include PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk.
For additional information and to learn how Consolidated Foodservice can cater to your forward-thinking business, visit us at: www.consolidatedfoodservice.com, email us: admin@consolidatedfoodservice.com or call us at: 1-800-550-0706.
https://www.consolidatedfoodservice.com/
https://www.consolidatedfoodservice.com/blog/cfs-now-accepting-bitcoin/
NOW ACCEPTING BITCOIN!
LOUISVILLE, KY - 11-15-2017 -- Press Release -- Consolidated Foodservice launches Bitcoin payment integration.
Bitcoins (BTC) spectacular rise in a few short years means it is now the worlds leading crypto-currency. A leader in innovation, Consolidated Foodservice (CFS) is excited to announce a new initiative to become the first company in the kitchen and restaurant supply industry to offer commercial grade restaurant and kitchen equipment for purchase with the crypto-currency, Bitcoin.
Consolidated Foodservice customers will be able to use Bitcoin to purchase a wide variety of commercial grade kitchen accessories and appliances from water filtration systems and refrigerators to walk-in freezers and much more.
At Consolidated Foodservice we feel that you either stay ahead of technology or you fall behind. Since January 1, 2017 Bitcoins performance has grown a staggering 550% to a value of $6,500 USD! As Bitcoin gains even more mainstream momentum and continues to grow exponentially, there are sure to be late adopters scrambling to play catch up as they believe Bitcoin is merely a trend. CFS believes that Bitcoin is not only a viable form of currency, but the future of world-wide ecommerce - and a very exciting future at that!
Industry-leading Bitcoin payment platform Stripe will be processing the Bitcoin transactions. Stripe handles billions of dollars every year for businesses around the world and offers a significant leap forward in processing ecommerce payments. Stripe's investors include PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk.
For additional information and to learn how Consolidated Foodservice can cater to your forward-thinking business, visit us at: www.consolidatedfoodservice.com, email us: admin@consolidatedfoodservice.com or call us at: 1-800-550-0706.
Thank you all for your valuable input! At this point we are definitely moving forward with our Bitcoin initiative so it isn't a matter of "if" we will accept Bitcoin, but "WHEN"!!! 
Please take a moment and answer the poll I posted so that we can begin collecting some hard numbers. Everyone's input and feedback, up to this point, has helped solidify our decision and has helped point us in the right direction. I will follow up with additional info as it becomes available.
Thank you all, again!
Please take a moment and answer the poll I posted so that we can begin collecting some hard numbers. Everyone's input and feedback, up to this point, has helped solidify our decision and has helped point us in the right direction. I will follow up with additional info as it becomes available. Thank you all, again!
The Idea is very good but their are some issues which have to be cleared like, you told that refund will be in USD or equivalent on that value of bitcoins so it means that if the buyer buy with you when the price of bitcoin was $6000 and when he is returning the material due to some problem so you will give him refund in USD or equivalent to it and the price of bitcoin that time is only $4000 so then automatically the buyer is in loss, so whether the buyer accept it or not. but i think it will create a bad image to the project. Next is what about the delivery charges like are you going to support whole world or particular to your location only.
Not true. If BTC drops to $4,000 USD the customer would still get $6,000 USD in return or 1.(###whatever###) the BTC equivalent of $6,000 USD is at the time of the return so there is no loss for the customer. We will ship internationally, but 98% of our business is done in the US.
Currently this is very serious concern for many and they are not taking risk with bitcoins otherwise its going to be rock around the world very quickly hope we have some good solution for this also in near future and then we can use this without any serious trouble around the world for any thing
This is a very interesting problem that I haven't considered. In fact there could be legal implications of not refunding an appropriate amount.
We plan to negate this argument by CLEARLY stating that any refunds will be processed based on $USD value of the item. Refunds can be issued as BTC based on the market value when the returned item is received by us.
For sake of argument:
Assume 1BTC = $6,000 on 11/1/2017. You purchase an item an item on 11/1/2017 that costs $6,000 for exactly 1BTC. The item arrives to you on 11/5/2017 (with the value of 1BTC jumping to $7,000) and you decide to return the item for a full refund.... Obviously, refunding 1BTC would cost our company an extra $1,000 and we would be opening ourselves up for abuse. HOWEVER - if we refund the $6,000 USD value in BTC you would receive 0.###### BTC (current market equivalent). The same would occur if the price of BTC dropped and the value was $5,000 USD - you would receive 1.#### BTC as a refund. We feel this is fair for all parties involved and eliminates risk for both parties. Anyone that is versed in BTC (should) understand the fluctuation and volatility involved, but we want to make this verbiage clear and concise to eliminate any confusion.
What are your thoughts?
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!
if you want to take my advise then.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!
I may tell you if your boss is a investor minded the yes tell him to accept bitcoins as payments ,i mean long term investor.
But if your company needs day in and day out money from sales then no big no.
cause one fine morning you might wake up with that your bitcoins value is 3000usd means all your sales are in halfs ,yes in can happend within hours as it happend in past.so be carefull.
This is being looked at from a long term perspective with the risk of volatility being taken into consideration. It also being looked at from the "Holy cow - what if we had started this last year!" point of view as well. (BTC value January 2017 = approximately $1,000 USD.... October 2017 = approximately $6,000 USD)
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
Excellent suggestion! Possibly figuring the % of adjusted savings due to no cc transaction fee or pesky chargebacks and, as you suggested, share that savings with the customer.
Thanks!
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!
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!
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!