How would you onboard merchant to the lightning ⚡️? Drop the best ideas and steps👇
Discussion
You explain they need to self custody and to not loose their 12 words. It should not be difficult as it's an experiment with few Bitcoin payments at start.
Then you choose any wallet, ideally a cold wallet if they want to spend a bit on it
Then you set up Swiss Bitcoin Pay
That's it
What about Zeus pos thing....
tell them the #Bitcoin Mafia will find them…
Good question. I work at a restaurant and want to orange pill the owner into accepting Bitcoin. Immediate transaction speed is not enough of a draw because cefi can do that too. Perhaps the fact that it’s an asset class recognized globally by individuals, funds, organizations, and governments? The immutability of it, the self sovereignty? I’ve yet to see the way to onboard normal folk that don’t hate the fiat system.
Maybe:
1️⃣ Low fees
2️⃣ Added customer base
3️⃣ Great cashback program to incentivize new customers
I think it really depends on the merchant, but these are quite general benefits.
If you do ever approach and are successful please let us know what approached worked. I'd be curious to see what would work on someone who has no problem with the Fiat system.
zaprite or oshi, everything else is too difficult for the average merchant
I would start by targeting cash, under the table, type businesses, such as farmers markets and some services. Reconciling the books may not be as critical here and they can just save the small amount of Bitcoin they bring in.
step 1: help them understand why they need it
step 2: they will figure out the rest
if step 1 fails, it was a lost cause to begin with
usually show them the army of plebs that will flock to their support as eager new customers
Yes but we just run into the issue: custodial vs none custodial solutions
i’m a big don’t let the perfect be the enemy of the good, tend to meet people where they’re at and try to make incremental improvements over tme
this. also the custodial options seem to mostly have worse UX and lack ease-of-use for a complete normie.
therefore i’d onboard them initially through non-custodial, and see from there
The ChiBitDevs crew is hopelessly mired in a purist vs pragmatic debate about how to onboard noobs. Esp merchants.
nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 gets is SO F’N RIGHT HERE:
Rain sats on them in a proper demonstration, of course (insert lightning app of choice).
zap zap
Explain cost savings vs credit cards and the value of instant settlement.
What the services would you recommend them to use ?
Services for setting up?
Yes
Btc payserver is the most ideal choice but if they don't want to run a node and manage liquidity they could work with something like OpenNode for payment processing.
If they're a small merchant that does very little volume, they could also just start with a mobile wallet like Breez or Phoenix.
Great response. I think for most Breez POS is an easy starting point especially if you do not think you will get crazy volume. Definitely levels to it depending on who you are talking to and how much lightning sales they anticipate from the jump.
Maybe start with cash app then when they feel comfortable move to a self-custody setup
It's all about incentives, a discount/rebate/bonus will lay the foundation for future interest for learning the #timechain and financial freedom fundamentals. Good part is most #plebs go nuts when using #lightning ⚡for the first time. It's quite compelling. #Bitcoin #hope #nostr
1) Be their customer and offer them payment with Bitcoin. Make them curious.
2) Call it Bitcoin - they don't need to know terms like lightning, on-chain until they need it or other unnecessary technicalities. Say "it's easy, you just need to intall an app".
3)Make them install Phoenix Wallet and backup the seed properly. Explain why it's important to not lose the seed.
4)At the start send them large lightning transaction so that the app opens a chunky channel. Make tham send most of the money back - that way they will be left with inbound liquidity. This step is also an excercise for them to try receiving and sending.
nostr:npub1j94fz6nw9y74c3guxn5hy8c35afdzmfzudta2fuds8dw7nnfpuvs0m0qva
others seem to be doing the money-back-move we did aswell👀⚡
A nice little paper infograph comparing processing fees, low starting costs & some suggestions for tax tracking guidance... then drop off in person everywhere possible
I like tipcards. I've helped some people set up btcpauserver, but nobody asks to pay in bitcoin.
Every time I go in a gas station/ convenience store….
I try to find an item for sale for like 1 dollar… something cheap like a can soda for example
Then I go to checkout and try to pay with debit card
9 times outta 10 they say it’s a minimum purchase requirement of like 3 or 4 bucks to pay with visa for example
So they try to get me to add another item or 2
I’m like ok but why
They say because they gotta pay a 3 or 4 % fee to MasterCard lol
So it’s not profitable for them on small transactions
I’m like but u do realize that I could pay u instantly and pretty much for free( no fees) if u would take my bitcoin
It’s better than dollars anyway
And sometimes I’ll go to pay and be like damn I’m all outta fiat….
They be like what’s fiat?
And that opens the door up for a very interesting conversation…about how the thing that they are calling money is essentially trash
And we have way better solutions now
#plantingseeds