Hey everyone, sharing a business model idea that could work for retail shops wanting to tap into crypto payments.
Here's the play: set up a small store targeting regular customers who just want to purchase products using crypto payment services. Nothing complicated.
Let me break down the numbers. Say someone buys something worth $1,000, and you process that payment through a crypto card that gives 6% cashback. That's $60 coming back.
Now here's where it gets interesting - split that cashback right down the middle with your customer. They pocket $30, you keep $30. Everyone wins.
The customer gets a discount they weren't expecting. You're building loyalty while covering operational costs. And you're making crypto payments feel less like a gamble and more like a smart shopping move.
This isn't rocket science, just a straightforward revenue-sharing approach that makes sense for both sides of the counter.
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CantAffordPancake
· 19h ago
Nah, this setup sounds ideal, but in practice there are still pitfalls. Is splitting the cashback in half really enough?
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AlphaWhisperer
· 12-07 09:42
Uh... it sounds like the rebates are just being distributed to customers, but in reality, a 6% fee is already quite high. With this kind of split, where is the profit margin?
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OldLeekMaster
· 12-07 09:36
NGL, this profit-sharing model sounds pretty good, but there are probably quite a few pitfalls when it comes to actual implementation.
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orphaned_block
· 12-07 09:29
This model sounds good, but there are still quite a few pitfalls in practice...
Hey everyone, sharing a business model idea that could work for retail shops wanting to tap into crypto payments.
Here's the play: set up a small store targeting regular customers who just want to purchase products using crypto payment services. Nothing complicated.
Let me break down the numbers. Say someone buys something worth $1,000, and you process that payment through a crypto card that gives 6% cashback. That's $60 coming back.
Now here's where it gets interesting - split that cashback right down the middle with your customer. They pocket $30, you keep $30. Everyone wins.
The customer gets a discount they weren't expecting. You're building loyalty while covering operational costs. And you're making crypto payments feel less like a gamble and more like a smart shopping move.
This isn't rocket science, just a straightforward revenue-sharing approach that makes sense for both sides of the counter.