One issue holding bitcoin back from wider adoption is the lack of businesses that accept the digital currency as payment. This is a chicken-and-egg problem. If more businesses had the ability to accept bitcoin, it might encourage consumers to start obtaining and spending it, and vice versa.
With this in mind, here is our guide to accepting bitcoin in a physical store.
Person-to-person payments
The easiest way to accept bitcoin payments is in-person, simply by getting your customer to send the correct amount of bitcoin (BTC) to your digital wallet. This is similar to thinking of it as a cash-in-hand payment.
This can be done via many smartphone apps, such as the Bitcoin Wallet app by Andreas Schildbach, on Android. There are also options available on the Windows Phone app store for users of that OS.
Some months ago, Apple removed all bitcoin wallet apps from its App Store. However, on 2nd June, the company rescinded this policy, once again paving the way for wallet apps on iOS devices. These are already starting to appear, with Blockchain, Coinbase and others apps now available. We can expect many more to arrive in coming months too.
Another alternative is CoinBox which is specifically designed for merchants wanting a straightforward option to receive payments. In these scenarios, the merchant enters the price of an item or service into the phone, which then presents a QR code containing the amount to be paid and the address the funds are sent to. The customer scans the QR code with their bitcoin wallet app and the payment is sent.
All of these simple systems are ideal for small businesses testing bitcoin acceptance or for those doing odd-jobs for small amounts. Businesses which are larger in scale will likely look into a dedicated solution that fits in with their existing POS systems.
Merchant bitcoin point-of-sale (POS) solutions
There is also a growing number of commerce-specific options that aim to streamline the process of taking bitcoin payments. The following services offer a variety of POS solutions for merchants, both online and off.
Coinify
Coinify, a Danish firm that acquired BIPS and Coinzone, offers POS solutions for both brick-and-mortar and online stores. Merchants can get paid in bitcoin or fiat currency – or a mixture of the two – and its mobile app, Coinify POS, works with both Android and iOS devices.
For online sellers, Coinify offers various integration tools, such as payment buttons, shopping cart plugins or hosted invoicing.
CoinKite
CoinKite is a new startup that offers a bitcoin payment terminal looking exactly like the over-the-counter chip-and-PIN terminals we are so used to using in stores today. This handset reads a bitcoin-based debit card, also offered by CoinKite. The handsets can also serve as a bitcoin and litecoin ATM, as well as offer the option to print QR codes for customers to scan with their smartphone apps.
CoinBase
Coinbase is another payment processor that provides a point of sale app (Android) for bricks-and-mortar retailers. While it currently only supports US bank accounts as a funding source, it offers extensive e-commerce support. Not only does it offer an HTML code segment for easily inserting payment buttons into your website, it also provides plugins for WordPress, WooCommerce, Megento, and ZenCart.
BitPay
BitPay is an international payments processor for businesses and charities. It is integrated into the SoftTouch POS system for bricks-and-mortar retail stores. However, BitPay has an API which could be implemented into any other POS system with some coding work. BitPay has various tariffs that merchants can subscribe to, enabling features such as using the service on a custom domain (for online stores), exporting transactions to QuickBooks, etc.
Blockchain Merchant
Blockchain have also produced a merchant app for Android devices. Blockchain Merchant promises instant transactions, 0% fees on payments and it has multiple linguistic versions for use around the world.
Revel
As mentioned in our recent report: “Revel Systems offers a range of POS solutions for quick-service restaurants, self-service kiosks, grocery stores and retail outlets, among other merchants. POS packages start at $3,000 plus a monthly fee for an iPad, cash drawer and scanner.” It was recently announced that Revel will also include bitcoin as a method of payment in its POS software.
BitXATM
Germany-based startup BitXatm has announced the arrival of its Sumo Pro – a cryptocurrency ATM with a POS (point of sale) function that will appeal to merchants seeking to easily accept payments from customers in digital currencies.
Costing €2,900 (around $3,993), the stand-alone machine offers a generous 17-inch touchscreen and has the ability to accept any fiat currency. Additionally, it can accept or dispense any digital currency, according to the company’s website.
Paystand
California-based online payment processor PayStand provides US-based websites and mobile applications another way to accept payments such e-checks, credit cards and bitcoin. Paystand have recieved $1m in investment as part of its initial seed-funding round.
Founded in 2009, PayStand aims to be a multi-payment gateway that eliminates merchant transaction fees, in part by supporting digital currency acceptance.
Coin of Sale
A new bitcoin POS system, Coin of Sale, is trying to make it easier for merchants to accept bitcoin payments for their goods and services.
Created by Singapore-based expat Thomas Forgac, Coin of Sale works with both Android and iOS devices. When users sign up for an account, they are automatically set up with an Electrum wallet.
The merchant must simply enter the amount of money that needs to be charged and the app will automatically generate a QR code for it. The customer then scans this QR code to complete the payment.
XBTerminal
XBTerminal
provides a bitcoin POS device that allows the merchant’s customers to pay from any mobile bitcoin wallet by NFC or QR code. Payment from offline mobile devices is supported by bluetooth. Payments take place through the company’s platform and, if desired, bitcoin can be converted instantly to fiat currency at the time of sale.
The company also provides web apps and an online interface for its payments solution for those that wish to invest in third-party hardware.
DIY
With bitcoin, it is possible to forego the fees of using a payment processor or provider, and simply integrate payments into your own custom system. Those with a technical background have achieved this, such as Stephen Early, who integrated bitcoin payments into the POS system of his UK pubs single-handedly.
Get noticed
Whether you have an online or a bricks-and-mortar store, if you accept bitcoin, you need to publicize the fact. You can find a ‘bitcoin accepted here’ sign at the bitcoin wiki.
A sign with more impact may alert customers to the fact you accept bitcoin. Cryptocables produces a range of neon and LED signage.
Additionally, Coco Mats ’n More offersitcoin-logoed doormats and ‘Bitcoin Accepted Here’ mats for merchants wanting to advertise the cryptocurrency as a payment option.
bitcoin форекс bitcoin cash ethereum логотип bitcoin skrill
bitcoin trinity
bitcoin wmx
ethereum api bitcoin игры ethereum обвал monero algorithm btc bitcoin cryptocurrency wallet bitcoin circle отдам bitcoin email bitcoin lazy bitcoin truffle ethereum bitcoin start
bitcoin акции
stack contents.криптовалют ethereum bitcoin wm ethereum контракт tether программа bitcoin neteller bitcoin xt bitcoin price bitcoin usd bitcoin money перевод bitcoin майнер bitcoin wikipedia cryptocurrency etoro bitcoin bittrex bitcoin 1 ethereum bitcoin community ethereum купить Coinbase CEO Brian Armstrong's Vision for the Future of Cryptocurrencybitcoin spinner
xpub bitcoin bitcoin путин cubits bitcoin bitcoin 10 bitcoin чат bitcoin instaforex dao ethereum reddit bitcoin bitcoin аккаунт 1 bitcoin ethereum stats bitcoin работа bitcoin эфир обменник bitcoin
bitcoin курс криптовалюту bitcoin monero форум bitcoin payza
биржи ethereum
bitcoin flapper bitcoin save
tor bitcoin
blocks bitcoin bitcoin отзывы bitcoin png monero криптовалюта
1000 bitcoin
stock bitcoin dash cryptocurrency explorer ethereum cold bitcoin monero minergate ethereum форк обменники bitcoin bitcoin x2 bitcoin рейтинг bitcoin apple bitcoin airbitclub cryptocurrency gold bitcoin video vps bitcoin bitcoin torrent бесплатные bitcoin topfan bitcoin keys bitcoin bitcoin black сервер bitcoin ltd bitcoin system bitcoin зебра bitcoin simplewallet monero bitcoin fpga ecopayz bitcoin
bitcoin community drip bitcoin bitcoin безопасность bitcoin cran bitcoin spinner ethereum node создать bitcoin bitcoin майнинга лото bitcoin As mentioned, your account is merely defined as a long string of numbers and letters:tether купить fee bitcoin ethereum пулы wifi tether bitcoin bounty вики bitcoin количество bitcoin
ethereum пул bitcoin работа buy bitcoin ethereum transactions программа ethereum bitcoin center visa bitcoin ethereum pool gadget bitcoin эфир bitcoin bitcoin in bitcoin preev ethereum pow обменять monero символ bitcoin bitcoin xl продам bitcoin краны monero india bitcoin bitcoin арбитраж bitcoin деньги cryptocurrency wallets
tether ico reddit bitcoin bitcoin balance testnet bitcoin bitcoin hosting bitcoin trend bitcoin today sberbank bitcoin crococoin bitcoin hosting bitcoin bitcoin рбк cryptocurrency tech
асик ethereum money bitcoin bitcoin lurkmore динамика ethereum bitcoin шахты bitcoin php bitcoin block bitcoin golden bitcoin group bitcoin de avto bitcoin bitcoin комментарии
bitcoin skrill
продам bitcoin bitcoin paw bitcoin blockstream bitcoin weekend bitcoin перевести bitcoin начало ethereum btc bitcoin background
ethereum алгоритмы bitcoin valet blender bitcoin 1 ethereum bitcoin algorithm bitcoin base ethereum coin bitcoin проверить video bitcoin ethereum ubuntu eos cryptocurrency bitcoin etherium bitcoin calculator bitcoin надежность bitcoin video
tether майнинг roulette bitcoin bitcoin media secp256k1 bitcoin bloomberg bitcoin бесплатно ethereum bitcoin virus ethereum dark кран bitcoin получение bitcoin
bitcoin alliance
форумы bitcoin monero pools bitcoin jp group bitcoin bitcoin ru bitcoin calculator
ethereum bitcointalk bitcoin betting капитализация ethereum etf bitcoin bitcoin пополнить алгоритм bitcoin bitcoin шрифт bitfenix bitcoin bitcointalk monero bitcoin blockchain обновление ethereum bitcoin пример bitcoin account cryptonator ethereum
bitcoin торговля bitcoin проблемы server bitcoin cryptocurrency capitalisation ethereum web3 bitcoin eu
joker bitcoin xpub bitcoin bitcoin flapper usa bitcoin uk bitcoin microsoft ethereum проблемы bitcoin monero купить bitcoin xl registration bitcoin ethereum заработать bitcoin значок bitcoin calculator ethereum купить bitcoin shop
зарабатывать bitcoin bitcoin tools прогноз ethereum planet bitcoin порт bitcoin bitcoin трейдинг исходники bitcoin calculator ethereum clame bitcoin monero hardware ethereum homestead
bitcoin greenaddress aliexpress bitcoin bitcoin fork bitcoin кликер bitcoin abc динамика ethereum zebra bitcoin ethereum calc byzantium ethereum bitcoin investment bitcoin foto bitcoin poloniex goldmine bitcoin
monero client ethereum news что bitcoin bitcoin бизнес bitcoin миксер 50000 bitcoin bitcoin calculator bitcoin arbitrage перевод ethereum ethereum акции bitcoin китай обменник bitcoin
konvert bitcoin кредит bitcoin master bitcoin bitcoin пополнить bitcoin attack настройка ethereum buy ethereum
bitcoin 1070 monero minergate настройка bitcoin
Mboundbitcoin compare bitcoin prosto bitcoin tools fx bitcoin bitcoin hd бесплатные bitcoin bitcoin список bitcoin xapo php bitcoin mini bitcoin ethereum пул bitcoin государство калькулятор ethereum видеокарты ethereum
фарминг bitcoin bitcoin blocks
aliexpress bitcoin конвектор bitcoin 500000 bitcoin
rotator bitcoin bitcoin plugin ethereum script bitcoin background difficulty monero bitcoin игры
bitcoin keys bitcoin plus
ethereum clix 2 bitcoin bitcoin advcash java bitcoin bitcoin пополнить conference bitcoin ethereum claymore bitcoin чат bitcoin графики
продать monero
развод bitcoin boxbit bitcoin инвестиции bitcoin
bitcoin рейтинг bitcoin webmoney ethereum проблемы bitcoin clicker bitcoin work plus500 bitcoin bitcoin адрес bitcoin капитализация bitcoin wiki eobot bitcoin команды bitcoin bitcoin математика bitcoin adress миксер bitcoin
виталий ethereum bitcoin miner bitcoin community bitcoin инвестирование сервисы bitcoin tether майнинг bitcoin 3 код bitcoin ethereum токены
In this guide, I’ve told you everything you need to know about cryptocurrency.1. Cryptocurrency bitcoin магазин bitcoin ether bitcoin котировки tether gps bitcoin playstation ethereum сайт bounty bitcoin location bitcoin
bitcoin protocol bitcoin unlimited bitcoin москва bitcoin rotator bitcoin news ethereum algorithm ethereum twitter casascius bitcoin keystore ethereum bitcoin государство
putin bitcoin
tether верификация bitcoin приложения bitcoin вирус monero freebsd окупаемость bitcoin bitcoin eth кошель bitcoin abi ethereum
de bitcoin bitcoin fake daily bitcoin poloniex ethereum
bitcoin statistic faucet bitcoin платформы ethereum хабрахабр bitcoin avatrade bitcoin хайпы bitcoin bitcoin презентация
bitcoin freebitcoin bitcoin блок
казино ethereum рост ethereum cold bitcoin ethereum web3 bitcoin pizza ethereum картинки ethereum coin bitcoin pdf lamborghini bitcoin bitcoin прогноз mining bitcoin monero краны bitcoin code bitcoin пополнение lootool bitcoin nonce bitcoin сети bitcoin обмен bitcoin bitcoin мастернода bitcoin cz bitcoin упал bitcoin space market bitcoin ethereum org bitcoin доходность bitcoin проект
обналичить bitcoin зарабатываем bitcoin bitcoin buying goldsday bitcoin reindex bitcoin bitcoin 10 bitcoin statistic майнинг tether суть bitcoin компания bitcoin etf bitcoin api bitcoin будущее bitcoin cryptocurrency calendar bitcoin haqida ethereum получить bitcoin casino bitcoin swiss bitcoin бонусы favicon bitcoin зарабатывать bitcoin bitcoin mainer 22 bitcoin Certain miners and mining pools with the largest ASIC operations tend to centralize mining power on the network. For this reason, Ethereum and many other cryptocurrencies are designed to prevent ASICs from mining on their network. By only allowing GPU mining, it becomes much more expensive to dominate the network. bitcoin портал bitcoin token bitcoin bat cryptocurrency exchange bitcoin config bitcoin gift bitcoin описание bitcoin machine bitcoin blue bitcoin x2 куплю bitcoin iota cryptocurrency monero ico bitcoin pdf rotator bitcoin миллионер bitcoin monster bitcoin car bitcoin blocks bitcoin clicks bitcoin bitcoin сша бесплатные bitcoin регистрация bitcoin wallet cryptocurrency bitcoin foto debian bitcoin Updated on January 14, 2020bitcoin ru fox bitcoin ethereum ubuntu As of September 2019, there were 5,457 bitcoin ATMs worldwide. In August of that year, the countries with highest number of bitcoin ATMs were the United States, Canada, the United Kingdom, Austria, and Spain.bitcoin metal
смесители bitcoin flypool monero е bitcoin форк bitcoin ethereum geth bitcoin work lootool bitcoin monero валюта bitcoin icon bitcoin journal de bitcoin bestchange bitcoin bitcoin бот flappy bitcoin bitcoin multiplier mac bitcoin cranes bitcoin bitcoin captcha secp256k1 ethereum weekend bitcoin exchange ethereum майнер monero
tether coinmarketcap bitcoin poker ethereum форум erc20 ethereum
download bitcoin