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has anyone here successfully onboarded a local store to taking Lightning payments? My number one goal is SIMPLE and foolproof.

Custodianship is likely best for this application (for now).

easiest thing I can think of at the moment is giving them an old android phone or tablet on WiFi only and helping them get a Strike account and instruct on how to take payments with Lightning invoices. if they already have an iOS or android device in house, even easier.

other ideas #AskNostr?

one day I'd like to offer a locally-hosted (I'd run it for all to use) Lightning node and related infra, but I think that's jumping the gun, especially when I might have to also be orange-pilling them to begin with. although I've got a leg up there...: I've bought farm products around here with lightning and I can show newcomers receipts on the extreme low fees and how those payments have appreciated in dollar terms since the producer received.

that, plus I would guarantee a certain amount of weekly business if they take bitcoin ;)

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Discussion

Ferne Grimes 6mo ago

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Great Ghee 6mo ago

Closest thing is getting my HVAC guy to get a little bitty on his cashapp. Now I just pay him in bitcoin. Baby steps

vinney...axkl 6mo ago

Hm yea, I guess they could install Cash App rather than Strike. probably will seem less intimidating.

Great Ghee 6mo ago

A lot of people already have cashapp which is a good gateway.

But yes

GrumpyGardener 6mo ago

Yeah, 2nd that. CashApp is an easier gateway. They've likely been exposed to that piece already. I have lots of concerts to Strike, but very low retention.

GrumpyGardener 6mo ago

Converts*

Aldin 6mo ago

I would go for self custodial Lightning wallets. Breez, Phoenix, Aqua (haven't tried myself) etc. Any others #AskNostr

vinney...axkl 6mo ago

I figured the concept of lightning channel liquidity would be WAY too much for a newcomer who is just trying to sell their products.

I planned on introducing that as a second phase, with me managing the liquidity. and then eventually offload that to them entirely.

vinney...axkl 6mo ago

also figured that having an exchange right at hand (Strike, CashApp, etc) would also be good for a newbie who might want to immediately convert incoming sats to dollars (against my judgement lol)

Aldin 6mo ago

I would set them up with decent inbound liquidity at the beginning and explain only later if it ever becomes an issue. Remember, they will likely not have that many customers at the start who pay with this. About the question of exchanging to fiat, I would again help only once that becomes a need for them. My general strategy is to hook them up at the start with a basic solution, and solve obstacles later.

I have guided small number people (not merchants) in the past with either onchain or lightning, and I never regreted going the self custodial way (what I see as the correct way).

What I found surprisingly easy was explaining backup seeds. Since it is a physical thing (piece of paper), people alredy have an intuition for how to work with it. Explaining this part well is imo important. Put emphasis on "Do not loose it or you will loose your money! It is a secret!"

Phoenix does backup seed and also it has the splicing function, which is their way to enable for onchain and lightning with a single app. Imo the best for noobs. Disadvantage is high fees.

vinney...axkl 6mo ago

I'm not confident that you are properly simulating the mindset of the uninitiated.

"here's this thing, it's really great [a bunch of stuff they've never heard of and don't understand] and all you have to do is park a whole bunch of money in it in order to receive payments!" followed by "Ohh yea... that payment failed because your inbound liquidity is too low - just park more money in it!"

this sounds insane compared to "install Cash app, show a QR code"

Aldin 6mo ago

Is your guy unwilling to learn anything new? He already showed some interest.

vinney...axkl 6mo ago

to be clear, I haven't even spoken to the store yet. they are about to open and I really want to pay them in bitcoin. I don't know ANYTHING about them.

maybe they're already bitcoiners!

Aldin 6mo ago

I see. There is also the possibility that they will look at you weird once you bring BitCoins 🤪. Fingers crossed!

Aldin 6mo ago

nostr:nevent1qqs9daerlldwwpa243yez8gunrtk6wc4tdqy95flh0x2kqhc2m9k98cpz3mhxw309ucnydewxqhrqt338g6rsd3e9upzq28gm6ep05xul4azj9kkthjd6yet4wsekxlxhgzqddm8u3xseegfqvzqqqqqqy3dfs8s

vinney...axkl 6mo ago

this is very good, thanks!