Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Wellington Hair Salon Adopts Bitcoin

10th April 2014

Wellington Hair Salon Adopts Bitcoin

Mane Salon, a hair salon in Wellington, NZ is now accepting the new virtual currency Bitcoin as a means of payment, becoming New Zealand’s first hair salon to do so. From today customers can use Bitcoin, just as they would if they were paying cash.

"As soon as we started offering customers complementary Wi-Fi last year, we saw for ourselves how customers love using their smart devices while in the salon, and one of our customers showed us how she could use her Smartphone to make payments using Bitcoin - we were blown away how easy it was," says Summer Bouzaid, Mane Salon’s manager.

Mane Salon Owner Janine Weatherley rang her salon’s bank ANZ, to ask how Mane Salon could add Bitcoin to existing creditcard and EFTPOS payment arrangements. "Our account manager didn’t seem know what Bitcoin was - I was quite surprised so I got my husband who is an IT consultant to setup Bitcoin for us," says Janine.

Stylists have been trained on how to accept Bitcoins, and Bitcoin stickers with our QR code have been placed on stylist mirrors, on our website and around our counter area to encourage customers to pay via Bitcoin.

Mane Salon choose to outsource the most critical component of the solution, the Bitcoin wallet to an external 3rd party, www.blockchain.info, which means Bitcoins are held in a secure location, away from the salon and point-of-sale PC. As soon as a customer pays an email arrives informing the receptionist that the transaction has been successful. This usually arrives within a few seconds of the payment being sent.

"It’s so simple, we hope to be able to reduce our creditcard processing fees and our dependence on the bank, as well as well as simplify cash handling – I really hope Bitcoin takes off and our adoption plays a small role in its success. Despite recent adverse publicity about Bitcoin we’re getting right behind this new payment method and we’ll be sharing our Bitcoin experience via our Facebook page to help other small businesses adopt it for themselves," says Janine.

On a busy month Mane can incur in excess of $450 in bank fees for processing customers’ creditcard transactions, in addition to $30 per month to rent a payment terminal.

www.manesalon.co.nz
www.facebook.com/Mane.hairdessing

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: