336 sats \ 10 replies \ @kr 5 Mar \ on: Offering a discount when paying in Bitcoin bitcoin
or try the opposite approach, add a 10% fee for paying in fiat.
on average, people have a stronger aversion to losing than they have an attraction to winning.
BTC Sessions talked about this being the way recently. 20% fee for fiat was apparently the tipping point for the majority of people to start paying in sats
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Because people like discounts, and dislike fees. If you give a bid or advertise rates, then when you bill them charge a fee or surcharge, I think a lot of people will resent it and accuse you of nickel and dime.
Plus it's all in the name of your pet cause that most people don't care about.
How would you take it if a business charged you a fee unless you paid in Doge?
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i don’t think people actually like discounts that much (when they come with hoops one needs to jump through).
for example “save 5% if you sign up for our rewards program” has a negative effect on me. i’d pay an extra 5% if they promised not to bombard me with random offers upon checkout.
😂
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