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I wonder if there is an option for the merchant to retain the Bitcoin and not have it converted to dollars.

There at least used to be: https://squareup.com/us/en/the-bottom-line/inside-square/getting-started-with-bitcoin-on-square

Starting November 10, 2025, you’ll be able to accept bitcoin and automatically receive your funds in bitcoin (BTC) or U.S. dollars (USD). Square is also waiving processing fees until 2027, so you can accept bitcoin at 0% fees, with no chargebacks, and instant access to your funds.
162 sats \ 0 replies \ @grayruby 23h

Nice. Then I do think there is a lot of value of paying in Bitcoin. At some point if enough people are paying in Bitcoin merchants will say "hey there is something to this maybe we should retain it".

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