21 sats \ 23 replies \ @Lederhosen 29 Nov 2023 freebie \ on: How to onboard new bitcoin users as a merchant bitcoin
I think one other possiblity is sats cashback on any purchase.
Same as Membership Rewards at Amex.
Great customer retention tool
You should push too this idea into your customers, with your solution.
Make them a BTC ATM until no fiat remain...
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I get your idea with charging more for other payment solutions. But from a customer perspective i still think they should be able to decide. The merchant can motivate with cashback etc, but i'm sure the customer will understand the advantges at some point of time, especially when buying something which he/she doesn't want on their bank or credit card statement.
Also we will offer Instant-Cashback for customers :)
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Yeah, each merchant decide for its own method.
If I would have a shop I will be very aggressive against fiat methods.
This is how I convinced in the past many of my clients, as a freelancer in IT.
I told them in 2016-2018:
- you start paying me in BTC, you get discount.
- For all the rest of fiat payments you will get a % increase.
- if you want to know more, all consultancy is free of charge, anytime 24/7
From 10 clients I had, 4 start accumulating BTC as "company reserve", as I advise them. From that reserve they start paying me. and slowly other employees.
Then they start accepting BTC for their services, first in private deals, later publicly.
Now they are happy that they listen to me. And they started, waaaaay before M.Salylor. Saylor is just a small holder. These companies were buying BTC when was really low in price... And what is more important, they pay their employees in BTC, not like Saylor that is just speculating with his stash.
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When you offer a good product/service you could do it like that!
So i know what @DarthCoin is doing all day, counting all his Bitcoins :D
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Why do you delete your posts?
Prefer staying ephemeral?
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No they never went back to fiat.
They even accumulate more all these years.
I am still in contact with them, in private and they told me.
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Unfortunately in some countries in Europe this is not allowed and you're required to do kyc and have substantial costs also.
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OK go back to fiat...
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Bitcoin ATMs are not allowed. I used them extensively when they were available. Regulation removed them all.
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next year there will be MiCAR so it should be the same for everybody in the EU.
Yes, works the same. All merchants that already accept BTC should do this.
And give good discounts for those that pays in BTC, BIG VISIBLE for the customers:
- you pay in Bitcoin, get 10% discount
- you pay with VISA, get a 5%+ on top of the price
- you pay in cash, price remain the same
So the NPC will realize the advantage of paying with BTC. Make them THINK.
I pay all my groceries in BTC. I get 10% discount for life, because I help onboarding him and the shop is willing to bring me whatever I want if I pay in BTC
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Applying in my small business right now!
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Applying in my small business right now! How ist the customer feedback so far?
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Only a few regular customers are encouraged, trust is key. This year? About 100 customers took the orange pill, I tried to make them see how easy it is to get their first sats without investing by using some apps that operate in lightning, as well as how to install a wallet and trade fiat. About 8 or 10 of the bitcoinized customers finally buy products from the store, but they usually do it regularly
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That sounds great! Keep on doing this :)
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