I am calling for all SN users having a shop, commerce etc or even if they have friends with shops that start accepting Bitcoin.
Please share here your story (no need to give specific location details if you do not want to dox yourself), just explain how was your process and what would like to be better:
- type of shop your have (online or brick&mortar)
- type of commerce (retail, grocery, bar etc)
- how was the onboarding process
- what tools / apps you used, in the beginning and later
- how you improved your use of bitcoin apps
- how you consider bitcoin in your accounting (cash or "investment")
- anything you would like to share
We need more voice from Bitcoin merchants! Let's hear them!
This my story when living in Brisbane in 2017:
Don't be shy to tell your clients you're a BITCOINER
Thanks for sharing another nice experience!
This is really good indeed. Good point.
EXACTLY THIS! Well done sir.
Related, I put up a website last week dedicated to online bitcoin-accepting stores for non-bitcoin-related products. https://circularbtc.xyz
The idea is that if bitcoiners buy from bitcoiners as much as possible, while selling to both bitcoiners and nocoiners, it is sort of like having net exports, which makes ngu.
This is great.. why didn't you share it in SN before? Will be interesting to hear from them.
Thanks. I did. Actually managed to get quite a bit of engagement.
#242308
Hey great thread thanks for sharing! Here's some e-commerce sites that do bitcoin payments:
https://www.mushmoresupplements.com/ (mushroom supplements)
https://freemansperspective.com/ (subscription newsletter and writings)
https://buckeyebitcoin.com/ (apparrel)
https://www.velascommerce.com/ (software devs)
Super cool!
Please if you can invite them to SN and share with us their onboarding experiences.
Lead by examples.
THIS IS GENTLEMEN !
PS: I like that you also put some few indications how to start at the bottom of the page. Good!
Tweeted :)
https://twitter.com/CircularBTC/status/1701142883930079654
type of shop your have (online or brick&mortar)
Online
type of commerce (retail, grocery, bar etc)
Software development (web dev, mobile apps, custom software)
how was the onboarding process
We’ve been working on helping businesses accept bitcoin payments for years, including offering “pay with bitcoin” option for all of our services. We also offer btc payments to our devs as an option.
It’s tough but rewarding! We are always looking at new tools for invoicing, accounting and bookkeeping as well as secure storage and business usage tools.
what tools / apps you used, in the beginning and later
Multi-sig Electrum wallets
Offline cold storage hardware wallets
BTCPay Server with pruned bitcoin node
LND nodes
how you improved your use of bitcoin apps
Casa.keys is great for industrial grade security advice
BTCPay server is the go-to for e-commerce
Electrum is a really good hot wallet for multi-sig accounts that multiple partners need access / authorization for.
how you consider bitcoin in your accounting (cash or "investment")
Uff it’s super painful from an accounting side in the USA. We consider it as both an investment (whatever we can save) and cash for paying the bills and developers.
We’ve worked on our bookkeeping process over many years and it’s really starting to get easier now.
anything you would like to share
Always consider security best practices: offline storage, hardware wallets and multisig. For payments consider lightning, especially for e-commerce. Make sure you promote your business to bitcoiners!
impressive.... (insert Darth Vader voice here)
Thanks for sharing!
Type of Shop
Farmer selling veggies at farm gate and some online sales (honey, crop shares sold in advance )
onboarding process
Introduced 21Lessons.com
Learned diff btwn on-chain and LN
Set up Wallet of Satoshi and used point of sale for first IRL purchase
what tools / apps using or plan to use
BTCPayserver to be implemented for online sales transactions - on-chain payment ok but need to understand about hosting own node or if better to use LSP like voltage
Sparrow for coin control and moving to cold storage vault
how you consider bitcoin in your accounting
working on this - not clear as to how to integrate into bookkeeping (Zaprite looking promising) or how to hold on balance sheet
what I could use help with
payments are sitting in WOS and plan is needed to move to HODL storage
Very open to hearing opinions that emphasize self sovereignty and maintaining good digital hygiene:)
Thank you for your story!
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Thanks for sharing your experience! Amazing, so you are quite OG, nice.
I see you mention multisig, that means funds are managed by multiple users from the company, right? Very interesting use case.
THiS is gentlemen!
So you are not counting bitcoins as cash? Or is more about the exchange rates for the international currency accounting?
Usually a business accounting, for tax related, will keep everything in one currency (the one in which is paying taxes), no mention at all about btc. BTC is cash, in this case is just a form of payment, like paypal for example. All the invoices are made in the taxing currency not in btc. Taxma n not even have to know that was paid in btc.
Indeed I was expecting more merchants to come. We need to hear these amazing experiences and take them as examples.
Thank you sir for your great contribution!
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Fair enough, I don't want you to doxx more here.
I am just curious about how people "see" bitcoin in their accounting.
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wow this is nice!
Thanks for the answer. I hope others will follow your example.
You did all by yourself from the beginning or you got help from a friend?
So as I understand the business is a physical place but you charge btc online from web? On site you have also payments for other additional products/services, so customers pay in person with BTC?
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