Tag Archives: Payments

Bitcoin news exclusive – now accepted at Sainsburys

This is a fictional article which aims to explore ideas around how in future cryptocurrency and mainstream shopping experiences could merge and overlap.

In an exciting turn of events, it has now occurred that Sainsburys will be accepting Bitcoin payments.

The food retailer admitted it has long wished to incorporate Digital Currencies into the ways customers can pay for their food and other groceries.

The Amazon gift card has long been a successful way to gift money. Why not pay with a QR code on your phone which links to your Bitcoin account. This is what we expect to roll out at Christmas.

CFO of Sainsburys Kevin O-Bryne
Not so much a penny in your pudding, but a Bitcoin to buy it with.

What do you think? Will you be keen to pay for your Christmas turkey with crypto coins in 2021?

eBay managed payments – explained

No one likes change, probably not even the staff at the eBay customer service centre.

PayPal is being dropped as they move to ‘Managed Payments’.

Means that all sales money will be sent directly to your business bank account within 2 business days. And no more invoices as eBay will deduct their fees before you get the funds.

via GIPHY

I called up with that exact question… and got the impression that eBay is going to picking up a lot of calls with the same query.

  • Paypal used to give sellers their money immediately
  • But it was effectively loaning the money because it takes two days to clear
  • Oh heck, we should have appreciated PayPal more

If everyone starts to hate the new managed payments system, there is a possibility that eBay will introduce its own PayPal type system, to give sellers the money on sold items upfront.

  • Its better for compliance as most people use PayPal for many personal and business purchases
  • It will be easier to show in a tax return document monies received direct to an allocated account

I don’t know what will happen about the extra 5 months you had with PayPal to chase up any disputes on orders. Which effectively meant users of eBay had 6 months insurance, in case an order went wrong.

happy multiethnic couple drinking coffee and showing like gesture
Photo by Ketut Subiyanto on Pexels.com

See it wasn’t too scary after all was it….

Or was it? ….

Fundraising & Research Project

I have been pen friends with an entrepreneur based in Nairobi and Kenya, who I met through the Facebook Developer Circles Nairobi.

Charles works in real estate in his area, although lately business hasn’t been great. Me and Charles tried a number of fundraising routes to see what might be possible.

  1. We tried GoFundMe by setting up a fundraiser to help Charles request funds for his business.
  2. Charles reviewed the options for importing products to him from overseas and it didn’t seem very user friendly to fund-raise by reselling products. Because of the high cost of sending post based on weight.
  3. Another challenge was the limited banking available in Charle’s community. Although we found that SendWave seems a viable way to send money directly to him.
  4. Charles and I looked at what work he can offer as a remote worker. He has very good access to Facebook, Instagram and communication by messenger.
  5. I have hired Charles on an adhoc basis to increase the conversations on some of my content, he added thoughtful comments to my posts, this should encourage others to engage further in the online content.
  6. Charles joined in our team meet up by zoom this month and other team members sympathised that due to fear of online scams, that it is even more difficult to fundraise if you are an overseas entrepreneur.

GoFundme – awaiting a sponsor- link gf.me/u/x9bx5g

Overseas payment app https://www.sendwave.com (should you want a recommended app if you were to import or export services to Kenya).

boy in yellow crew neck t shirt sitting on chair
Photo by Julia M Cameron on Pexels.com

I think me and Charles get on well because we enjoy researching topics like geography and finding out things like ‘how to…’ and ‘is it possible to….’

I think Charles should pursue his skills in local global trade and I wish him the best. If you want to ask any questions to our overseas developer based in Kenya, please drop a comment below. And lastly…well done Charles for doing all this great work, whilst we have all been in such a challenging time!