<p>I think the best reasons right now are:</p>

<ul>
<li>Marketing: being the first to do something attract a lot of interest and media.</li>
<li>No chargebacks: Bitcoins does not allow any kind of chargeback, which is not true for main payment systems (Paypal, Stripe, Credit Card).</li>
<li>Lower fees or no fees, just depends on how you use it.</li>
<li>Investment some people wants to hoard some BTCs and offering their services in BTC is the easiest way to get some.</li>
</ul>

CC BY-SA 3.0
2014-01-25T15:22:43.587Z
2014-01-25T15:22:43.587Z
frisco
<p>There are several reasons to do this:</p>

<ul>
<li><p>They agree with the philosophy of Bitcoin. That is, a decentralised currency free from interference from a government or other central authority.</p></li>
<li><p>Bitcoin payments cannot be charged back, meaning that once you receive the transaction, you are 100% sure that you will have the bitcoins. Credit card companies allow customers to chargeback when they claim they did not receive their product or it was not as it should have been.</p></li>
<li><p>Many other payment providers charge much higher fees. Bitcoin can be completely free to use or you can use merchant solutions like <a href="https://bitpay.com/" rel="nofollow">BitPay</a> who have a much lower fee than regular credit cards, f.e.</p></li>
<li><p>Because you can use the accepted Bitcoins for other things. You can use them at other merchants, donate them, play with them online or just sell them for fiat.</p></li>
<li><p>Because Bitcoin has a deflationary nature, they tend to raise in value over time, so accepting Bitcoin and holding them for some time can actually augment your earnings.</p></li>
<li><p>Bitcoin can also be very easy to implement. All you need to accept it is a mobile phone. Accepting credit cards or debit cards at a shop requires you to acquire hardware.</p></li>
</ul>

CC BY-SA 3.0
2014-01-25T15:24:10.940Z
2014-01-25T15:24:10.940Z
Steven Roose
<p>I suppose one could ask the same question about any form of currency, but I am curious how bitcoin became an accepted currency with no government backing it. </p>

<value><adoption>
Why do merchants accept Bitcoin as valid currency?
Bill McRae
# Why do merchants accept Bitcoin as valid currency?

(Asked by: username_0 on 2014-01-25)

I suppose one could ask the same question about any form of currency, but I am curious how bitcoin became an accepted currency with no government backing it.

**Tags:** value, adoption


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## 2 answers

### Answer by username_1 on 2014-01-25. Score: 3

I think the best reasons right now are:

* Marketing: being the first to do something attract a lot of interest and media.
* No chargebacks: Bitcoins does not allow any kind of chargeback, which is not true for main payment systems (Paypal, Stripe, Credit Card).
* Lower fees or no fees, just depends on how you use it.
* Investment some people wants to hoard some BTCs and offering their services in BTC is the easiest way to get some.


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### Answer by username_2 on 2014-01-25. Score: 2

There are several reasons to do this:

* They agree with the philosophy of Bitcoin. That is, a decentralised currency free from interference from a government or other central authority.
* Bitcoin payments cannot be charged back, meaning that once you receive the transaction, you are 100% sure that you will have the bitcoins. Credit card companies allow customers to chargeback when they claim they did not receive their product or it was not as it should have been.
* Many other payment providers charge much higher fees. Bitcoin can be completely free to use or you can use merchant solutions like [BitPay](https://bitpay.com/) who have a much lower fee than regular credit cards, f.e.
* Because you can use the accepted Bitcoins for other things. You can use them at other merchants, donate them, play with them online or just sell them for fiat.
* Because Bitcoin has a deflationary nature, they tend to raise in value over time, so accepting Bitcoin and holding them for some time can actually augment your earnings.
* Bitcoin can also be very easy to implement. All you need to accept it is a mobile phone. Accepting credit cards or debit cards at a shop requires you to acquire hardware.


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