I own a small business and just started accepting cryptocurrency. MAKING BANK!!!!

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Odysseus_Lannister

What system are you using to accept cryptos and which ones are the most commonly/easily used?


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harleighey11

We use bitpay and coin base commerce. Also I have two managers that are super into cryptos And are willing to work with customers to accept other coins


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bbddbdb

Asking the real questions.


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Comprehensive_South3

Following.


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eyebrows360

He's not using any, because he's making it up. Please use your fucking brain.


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Wheels-O-Heat

And OP was never seen again


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Wise-Grapefruit-1443

Wow, a 37% increase in business is quite the jump. More businesses would be wise to do the same. Congrats


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jgarcya

9 customers plus 3 more that use crypto is 33% growth...


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TheGiftOf_Jericho

Totally agree, it's very beneficial for businesses to accept crypto, it just gives the customer more payment flexibility along with giving the company more areas to gain financial assets.


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Imaginary-Cow25

Definitely need to see more adoption!


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Administrative-War49

I hope to run a business one of these days so I can start accepting crypto.


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-veni-vidi-vici

It's something other business owners should take note of. There are benefits to being early.


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Malixshak

37% is quite a lot ,op is doing great exposing small businesses around him to crypto. Kudos man


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clearly_not_an_alt

He is running a restaurant in the wake of a pandemic ... i have to wonder how much is just increased demand


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Think-notlikedasheep

CHA and CHING!


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djones2812

How many chicken sandwiches can I buy with 1 Eth?


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crossthrows

I would love to go to their restaurant at bump that 37% up!


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gaminginasia

Got a photo of your sign?


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Fuckittho

These stories are so cringe and how people soak them up is beyond me.


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orientalsniper

Stories posts NEED to be verified by mods in order to get moons.


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BabyNimps

Ill take "stories that never happened" for $500, Alex.


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sh20

yeh, honestly when you get to the second to last paragraph it just reads as a “and everyone clapped” story.


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GameBoiye

Could be also the fact that a lot of places have been opening more with the updated Covid guidelines released from the CDC.


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ominous_anenome

Yeah this doesn’t make any sense to me either


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ripple4me

I call bullshit on this. My company does 1000+ transactions a day and we get 5-6 transactions in crypto. All of which are less than half of my average order value.


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jazza2400

Hey we dont use dirty fiat here. For 5000 moons please Alex.


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Captgame

Yeah OP’s story falls under


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ominous_anenome

I’m skeptical of this story. Seems moonfarmy to me


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PandaBunds

Relatively new to crypto here, but isn’t the point of crypto to be able to use it as a currency? I don’t really see a problem with holding as an investment or paying for things with it.


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ImTryinDammit

Yeah I use my credit card at restaurants. This month it’s 5% cash back.


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joecastorina

I agree, people prefer to hold BTC. But imagine you want to eat at your favorite resturant and you see a sign Bitcoin payment accepted, Never having paid with Bitcoin, you'd pay with bitcoin just for the feeling of it.


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evelyix

I sell lemonade and use Bitcoin as payment


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noahfolmnsbee

Nice


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bestmindgeneration

I’ve accepted crypto thru my business for 4 years. Sadly I’ve only ever had about 0.5% of customers choose that option, but most of them paid btc and I hodled it, so it added up to much more than it would had I taken cash.


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Character_Credit

See, I accept Crypto's as a form of payment, but i'm not gonna lie, I convert it straight away, it's just an extra step to get it into my fiat.


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Vegetaman916

Reporting it?


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FordPrefect343

How do you accept btc without getting crushed by fees?


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ImTryinDammit

Those fees are what keeps me from selling. And buying anymore. But I have transferred to people on CashApp for pennies. I have friends that didn’t have any. Yea I know CashApp bad.. but they all have it. So for birthday or Xmas I’ve been gifting $25-100 in Bitcoin. And now more people have Bitcoin. So maybe it can be cheaper like that.


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Technologhee

How does receiving btc cause you to pay a fee?


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eyebrows360

He doesn't accept bitcoin. He doesn't own a restaurant. Jesus christ would you people use your heads


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Toyake

Easy, they lie.


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TNGSystems

What happens if you take $300 in Crypto for $50 in profit after all expenses, and then the Crypto becomes worth less than $250 before you can cash it in? Do you just hold it? If so, how do you deal with receiving a non-liquid asset in exchange for goods that you have to spend liquid cash to receive? Cheers!


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evelyix

Same question that came to head


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sysadmin986

This story isn't real so


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Charming-Dance-1839

I rate THIS is going to be the biggest rocketship of all. When people realize they actually don't need permission from their bank or government to make their own money and benefit from the ease of cryptocurrency.


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OldBikeMan

Suggest you look into AMP and the Flexa network, they are doing it now


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Too_raw90

Those kids sound cool as fuck


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BeardedMaker

As well as OP for making it happen.


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roberthonker

Gen Z are going to be the crypto generation. This is how new technology always works. It gets called a scam by older generations and then adopted by younger ones.


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-Devil-

Lol ok sure this happened 🤡


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co2dru1d

1 and a half years ago this OP posted asking for donations on go fund me while listing medical issues. Not saying they didn’t go from that place to owning a restaurant with a 37% business jump in a span of months all while the pandemic raged, but I am saying it’s super unlikely.


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Middle-Notice-8174

I'm a business owner and we accept crypto


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Eleverything

Im fixing up a shop i bought a couple of weeks ago and im really considering accepting crypto at least on coffee at first and see from there ,but im not too sure how i will be processing them and what cryptocurrencies i should accept yet. Ones with the cheapest gas fees will definitely make it.


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89Hopper

Honestly, this reeks of a fake story but if not, this is a terrible idea for an industry like restaurants.


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joshstc

Do you accept all cryptos?


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Imaginary-Cow25

"All" might be a bit too much.


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BeardedMaker

Also interested in what ones are accepted.


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harleighey11

I have a list but I accept most of the top 50 coins


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dreampsi

2050....


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sakata32

Wow that's a significant jump in sales! Do you accept anything besides bitcoin?


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appolayu

OP said in a comment above that they accept most from the top 50. They have definitely done it the right way


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Imaginary-Cow25

Will be a game changer if its DOGE lol


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harleighey11

To clear some shit up:


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-veni-vidi-vici

I think it's the novelty of it. YOU ARE EARLY. It's exciting to see local adoption in your area. Now hopefully your food is good enough to turn them into repeat customers. I love stories like these.


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uiuyiuyo

We have the same increase from pre-Covid without crypto...


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BeardedMaker

Fuck the system indeed. Cheers to that, brother.


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Background-Buyer-333

You are one of the ones pioneering the way. Awesome for adaptation.


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HanditoSupreme

I’d buy some Nachos with XLM if I was in the area same day


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M00OSE

What crypto are you accepting?


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DpremierX2

More people should follow your lead!


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Imaginary-Cow25

I hope that's indeed the plan!


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Lunar_King75

I swear if I could teach my costumers crypto I would have done this too The only ones paying in crypto are my VPN costumers and even them see crypto as a better bourse


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Fearny2000

Someone in my family owns a small cafe how would go about setting up to accept crypto payments? Any help would be appreciated


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eyebrows360

He's not going to answer you, because he hasn't actually done this, and is making the story up for karma.


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ImTryinDammit

I was hoping someone would start a site to list all the businesses that accept crypto. Or give crypto for used electronics.. have a crypto ATM.. whatever. Even if I don’t spend my crypto.. I’d still hit them up first. My credit cards give cash back and time to pay.


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FireWaterGrass

You know it s a big deal when people are saying “fuck chick-fil-A”…


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eyebrows360

Maybe stop and think "hrm, how would they hear some kids on the street walking by?" for a second, and then go "oh yeah, it's all bullshit".


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WhatAFellowWeAre

Can I ask what service you used to take these payments?


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RRmmmXX

What are the top 3 warnings/suggestions you’d give to other businesses wanting to do the same?


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nionios_k

What wallet do you use for your business? Also, how do you issue receipts and how do you say that this meal costs 0.0003 btc? I mean that could be 10 bucks, 9 bucks, 11 bucks etc.


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hkjok

Yes. Fuck chik fil a.


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bzzking

I'm selling a few stuff on Craigslist, but not many people want to pay with crypto :(


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In_Crust_We_Trust397

This is awesome!


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BiophotonicQueen

We have an online business and have accepted crypto for a few years now. We have a very successful woo-commerce site with coinbase integration.


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fadeddreams555

China: *gasp*


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dramatic_hydrangea

I wish my fb drug dealer would accept crypto


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Glad_Employer_Always

These are the kind of feelgood stories that I want to read everyday!


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JonathanTheZero

Idk man, 37% increase over last 2 months could also be because of the better situation regarding covid


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one_out_of_two

Bro, go for flexa payment (AMP) and your customers can pay with a lot of currencies with an easy software integration. Without settlement time! Please do yourself a favor and check out flexa payment


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DeFiGregg

well done !!


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[deleted]

[удалено]


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Malixshak

Said from top 50


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tavzilla

You're awesome for doing this, win win win!🚀🚀


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Administrative-War49

We can all win.


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indietorch

The fact I can go buy fried chicken, greens and fried green tomatoes with BTC makes my southern heart proud


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valuemodstck-123

Wholesome


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aerodeck

That’s interesting because I have absolutely zero interest in spending my bitcoin. Accumulation is my singular goal.


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ElizabethArnolddR9M

What app/service are you using to accept btc? I have a store and use Square. Don't think I can take crypto payment with them, currently (though I feel like that should/will change soon, given Jack's stance on btc)


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sonstone

How are you accepting the payment?


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StefanJV

Great, small businesses getting involved is very important for mass adaptation


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Imaginary-Cow25

Definitely, its a step in the right direction!


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Withoutfearofdolphin

This is great !


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lamedh

Thank you for letting me know! Doing this right now!!


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BeardedMaker

Oh look everyone! The downvote ass brigade is here.


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Snoo1988

Mass adoption begins with adoption. This is great


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seekret

Good! Anything to take money away from that evil fucking corporation. Chick-fil-a is one of the most disgusting companies in America.


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Chick-fil-A_spellbot

It looks as though you may have spelled "Chick-fil-A" incorrectly. No worries, it happens to the best of us!


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MagnumOpus3k

Thank you for taking the leap and further blurring the lines between the real-world and crypto!


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arandom_econstudent

Great way to encourage usage!!


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HanditoSupreme

OP doesn’t shitpost all day like I do, I believe him thats awesome OP!


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Cneqfilms

The fact so many people seem to have no idea that 70-80% of all crypto "projects" will cease to exist after regulation is astonishing.


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dan_from_san_diego

So....there will be 2,000 to 3,000 crypto projects after regulations? That seems, to me, kind of like a lot. Did you just sort of come up with all these opinions without thinking about them?


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MundaneVanilla

Do you accept moons?


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HomieApathy

Wouldn’t do you much good. Moons are meant to be valueless


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[deleted]

[удалено]


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evelyix

I accept moons 🌕


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upriverchallenge

Go. Do you sell bull sandwiches?


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-veni-vidi-vici

Did someone come in and ask about paying in crypto? Or was it just something you wanted to try out?


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Diedss

Good job kind sir.


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Asleep_Omega

Congrats.


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Background-Buyer-333

Amazing...it is only a matter of time before others follow!


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ButtwipesNA

You’re awesome. Glad you are helping spread the love. I’m curious as to what you used to facilitate transactions or just doing p2p


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DanSmokesWeed

That’s awesome. Congrats


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clackeroomy

An early adopter of crypto puts you ahead of the game. I might even stop in for food and pay with US dollars just because I saw a sign that you accept crypto.


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Yanitsko97

Are there actually people paying with crypto, I don‘t why one would do that instead of holding it..


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Rexon225

Crypto adaptation started at a local Southern restaurant.


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OK_Renegade

How do you accept bitcoin payments? Is it through a provider?


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Luigimaster128

Congratulations friend! Kirby says stay the course. C(-'.'-C)


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vaguely-humanoid

This is so inspiring! I'd also like to open a small business in the future, and while I'd like to accept crypto the volatility of it worries me that it will affect profits significantly. But such a huge increase in business would make-up for that.


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CanChillorNoCanChill

Congrats to your business and wish success in your endeavors!


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manuelgcasas

so how do you set prices? I'm interested in this. Do you look at the price of bitcoin every morning or how?


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TheRealJNXD

All the best for your business, way to go!


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KWJK213

What cryptos do you accept?


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AnUncreativeName10

I implemented crypto payments into my business but people that want to buy herbs and blends don't gaf about crypto it seems.


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Think-notlikedasheep

CHA and CHING!


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heythisisbrandon

Are sales up or see you making more due to crypto increasing?


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x_mike_x

amazing, new franchise comin' right up! If this business surge continues, consider cutting off Chick-fil-A's canadian expansion. Fuck their homophobic jesus chicken


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Podcastsandpot

yea idk why more small business don't do that.


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Malixshak

Crypto adoption is creeping in whether we like it or not and is gonna be a win for everyone especially the long time hodler


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Aleangx

Tip: if you want to help with lower BTC fees, you could also accept on the Lightning network too?


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Probetsman

Thank you for being a crypto pioneer.


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The_Nutcrack

Great to hear, OP. If more small businesses adopt crypto payments, it will help enable more folks to adopt and use crypto. However, I think people may prefer spending other cryptos (outside of btc) when making a purchase.


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Cardonian

Nice work brother i would definitely shop at your place too. Respect ✌


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Dom1n1cR

That’s impressive! Great for you!


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medicallyspecial

Let’s hope the C-Suites on this r/ read this and follow suit 🚀🚀


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Buttered_Turtle

Hey bro glad it’s working for you! Good job on being a pioneer! <3


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tschmitt2021

Interesting. What kind of cryptos do you accept? Only Bitcoin?


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crossthrows

This is very cool. I'd love to see more detailed numbers just out of curiosity


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vo2nvfrb

Why would i pay for something with crypto and be taxed double like pay capital gains and vat? Plus transaction cost of the protocol. Are there jurisdictions where this is not the case?


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Mattrichard

How are you accepting it? What is the method of the transfer most commonly by patrons? Any requests?


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RightBlacksmith9

Congrats !!!


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crimeo

Or this just didn't happen at all. Post pictures of signs/menus for starters. Accepting crypto is one thing, but 37% jump in sales lol


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VALRINATWITCH

Imagine buying a sandwich for 2 bucks and paying a grand on gas fee.


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RealAmerik

How do you handle rates? Is it based on the current trading price? Do you incorporate fees into your expense to the customer or are you eating those fees?


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Amazing_Succotash677

Such a big step for adoption for businesses to actually accept crypto


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Apprehensive_Crow500

Georgian here so happy to hear about this happening in the South :)


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Toddissuch

I love hearing news like this !


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Podcastsandpot

Congrats on your success


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knowledgelover94

What coins did you accept?


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woomyzoomy

Newbie here. How does the transaction in a restaurant setting work? Do you need one of those crypto debit cards or is there some way to easily arrange a wallet to wallet transaction?


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lexcyn

Amazing! If any local business near me accepted crypto I would be all over that.


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Maximumbets

Hell yeah


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yitch

I’m hoping to see more businesses accept crypto. So far there’s only one cafe I know that accepts crypto in Singapore


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jonnytitanx

Good for you and great for the community! Well done and congratulations 🎉


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Eluchel

That is awesome! Way to go!


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RandomActsOfGamingYT

That's great! I love to hear story's like these. Out of curiosity, What Cryptos are you accepting?


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TwerkMasterFlex

If youre interested in Cryptocurrency Paymemts, you should definitely look into the Flexa Network. Doing great things. You can accept alot of different cryptos with low fees and fraud proof guarantee.


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Trevor792221

I hope you accept Algorand. Very low fees and very fast transactions plus 6% apy in your wallet


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Austinmac0

What’s your business? I’m in the south, near a college, trying to come spend some coins man.


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BE_josse

THIS IS THE WAY !


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Burstie69

Atta boi congrats


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ENTRAPM3NT

Buying stuff with crypto means you think crypto is going down or you know your about to grossly overpay for whatever you bought in the future.


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Advanced-Ingenuity46

Nice to hear you're doing well with this. Another step towards mass adoption


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fitbhai

Last Line Unlcear; Bought a big bag of Cumrocket


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oniwolf382

Next. Start petitioning your suppliers and employees to accept crypto payments for labor and goods.


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RemoteNo2114

I'd go to your restaurant for sure but it's likely not in my state