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Practical support for IRL merchants discussion
1931 sats \ 4 comments \ @k8 15 Sep 2023 bitcoin
Supporting small business merchants wanting to maintain self custody need significant early stage support from in setting up their wallet(s) and POS for store and backend (own node vs LSP) or on-chain payments and subsequent accounting considerations.
Following is a small sampling of merchants I've encountered at various stages of implementing process that works for stacking sats for their businesses, all with different needs and in different stages of understanding custody.
Examples of merchants: Coffee shop - Muun Wallet, and has shopify as a POS Butcher - early days of orangepilling, cannot see benefit to biz Veggie Farm - Wallet of Satoshi and using WOS POS - keen on creating circular economy (with aformentioned butcher:) Excavation Biz - on-chain direct to Coldstorage Trailer sales - on- chain payments and needing off-ramp to USD
Please comment if you have experience onboarding new merchants or wish to discuss these merchants needs.
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21 sats \ 2 replies \ @DarthCoin 15 Sep 2023
The most important things for all of them:
  1. use the 3 levels stash, not just one wallet app
    https://imgprxy.stacker.news/KKtwTDmOJcATNKH4A53B50BNNc6l7BHcx0oQp40C3i0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvTVRMMmt2VDAvM2xldmVsLXN0YXNoLmpwZw
    https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like
  2. Choose wisely the wallet apps you are using, again not just one: #70725
  3. Study very well all the bitcoin solutions and wallets that can adapt to your activity. https://darthcoin.substack.com/p/lightning-wallets-comparison
  4. Start low then gradually higher your knowledge and use of more complex solutions that could fit better, depending on the volume of BTC payments you get in time. You don't have to build a fortress just to have a meaningless 1 payment /month... See examples here: #248871
and...
https://imgprxy.stacker.news/JcXMBDBr0VUMxEN3Ngao1NniLwhTLSOAXfbIwI59b2w/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvSjA3Y2R0S3MvbG93ZXItZXhwZWN0YXRpb25zLmpwZw
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0 sats \ 0 replies \ @k8 OP 19 Sep 2023
Excellent links to your related content ! Anyone working with merchants must read!
I am committed to serving freedom oriented merchants first and want to ensure that I share best of what is known to support with good tools that maximize sovereign stacking - I'm glad you are here and will start adding specific scenarios at your post Calling for merchants: please share your BTC onboarding story on SN: #248871
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0 sats \ 0 replies \ @sebastix 15 Sep 2023
Awesome! Thanks for this info.
Coincidentally this morning I talked about the options and differences between accepting btc/LN payments in a custodial and non-custodial way with a owner of a holidays resort on his park (for bookings, restaurant and other services).
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0 sats \ 0 replies \ @nerd2ninja 15 Sep 2023
Moar BTCPay plugins
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