reply on: Stacker Saloon \ stacker news

pull down to refresh

111 sats \ 10 replies \ @DarthCoin 24 Jan \ parent \ on: Stacker Saloon

There are some circumstances here that should be taken in consideration:

if the customer still have fiat available to spend, will always try to pay first with fiat and save the sats. fiat = weak money that you want to dump as fast as you can
if the customer do not have fiat anymore, will always pay with sats, no matter if there's a discount or not. This is the case when customer also earn in sats.
if the customer still have fiat and sats to spend, will choose the BTC merchant that will offer a good discount for paying in sats.

Conclusion: if you are a merchant and want more bitcoin customers, always offer a discount for BTC payment (it doesn't matter if is 5 or 10 or 20%).

22 sats \ 4 replies \ @Natalia 24 Jan

if you are a merchant and want more bitcoin customers, always offer a discount for BTC payment (it doesn't matter if is 5 or 10 or 20%).

agree, that's what I used to do, but then I just changed a bit to see how things work this time:)

0 sats \ 3 replies \ @DarthCoin 24 Jan

As a merchant you have to satisfy all types of clients. Otherwise, slowly you will lose. Another example is that you could add an extra % to the final sum, if the customer choose to pay with fiat rails/VISA/MC, to make them to feel the pain of using fiat.

When they will see that in fiat is even more expensive than BTC (discounted) then will think twice.

21 sats \ 2 replies \ @Natalia 24 Jan

you could add an extra % to the final sum

ppl does this when paying by card here ( you are paying for the bank fee if paid by card ) some old ppl even accept cash only, it's wild. 🤣🤣🤣 then slowly I get into the habit of using cash.

0 sats \ 1 reply \ @Sh7 24 Jan

at least cash preserves privacy.. Btc in vault and cash in your pocket. Ther's another problem now... or two: scaling and exchanging.

0 sats \ 0 replies \ @Natalia 24 Jan

yes, what I do is pay cash in random shops where I don't see myself going back again, but I try to pill the shops that I like and go to all the time.

0 sats \ 4 replies \ @supratic 24 Jan

Where are the customers (probably 95% of the population at this stage) that only know about fiat, maybe click "sats" for curiosity, satisfy a willingness to learn more, just to find another boring QR code they try to scan with their phone and does nothing?

0 sats \ 3 replies \ @Natalia 24 Jan

are you having a bad day? do you want to see more junks in the saloon or someone actually doing the work and sharing the observation.