Post by twetch#523

17mv3x…Epq3 Key · twetch

lol accepting credit/debit cards (online or offline) does not have tens of thousands in maintenance and implementation cost for the merchant, have you ever ran a business?

Accepting bitcoin on the other hand does increase cost + complexity significantly.

1JJQeM…ud3X Key · twetch

For the large retailers it does. I've implemented credit cards several times for them, also PCI compliance is a pain.

For small businesses it could take much less cost to implement.

What the chain says
Block
626 913
Time
2020-03-19T16:20:42Z
Signer
1JJQeMNQX2jnrLh3mAHiEUsLkJ4vrMud3X
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#523

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1JJQeMNQX2jnrLh3mAHiEUsLkJ4vrMud3X Verified

Replies (2)

1G7DLq…4kZS Key · twetch
Replying to@1JJQeM…ud3X

If it costs that much, why do they spend this money? Wouldn't it be because they will increase revenues by offering a conveninet mean of payment to their customers while benefiting from automated reconciliation? :)
How is increasing revenues inconvenient?

17mv3x…Epq3 Key · twetch
Replying to@1JJQeM…ud3X

It doesn’t matter, the cost to implement and maintain accepting bitcoin are far greater, not even considering the additional risks merchants have by accepting it with regards to taxes, regulatory compliance, volatility etc. And for who? 100 people?