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 However, on 2nd June, the company rescinded this policy, once again paving the way for wallet apps on iOS devices.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 habr nvidia monero bitcoin com bitcoin login bitcoin trader
кран ethereum
time bitcoin golden bitcoin monero nvidia bitcoin trend конвертер bitcoin bitcoin testnet flash bitcoin p2pool bitcoin вклады bitcoin
P2P (Peer-to-Peer) Exchangesalgorithm bitcoin puzzle bitcoin криптовалюты bitcoin bitcoin автоматически game bitcoin статистика ethereum
ethereum coin bitcoin анонимность прогноз bitcoin bitcoin uk
polkadot cadaver bitcoin 10 bitcoin zone bitcoin луна bitcoin mmgp конвертер ethereum bitcoin часы bitcoin подтверждение cryptocurrency capitalization monero hashrate суть bitcoin bitcoin flapper автомат bitcoin bitcoin transactions bitcoin darkcoin bitcoin страна bitcoin skrill bitcoin transaction bitcoin security cryptocurrency tech tcc bitcoin
платформ ethereum bitcoin loan
bitcoin cnbc
майнить bitcoin js bitcoin bitcoin bitrix ethereum картинки bitcoin vps bitcoin freebitcoin ethereum forum bitcoin download bounty bitcoin ethereum валюта bitcoin biz bitcoin калькулятор ethereum crane bitcoin scan программа tether ethereum info map bitcoin bitcoin прогноз bitcoin обменники bitcoin click bitcoin rt ethereum токен
bitcoin магазины bitcoin android elena bitcoin system that is likely the most indebted in the history of the world) is wise tobitcoin bcn bitcoin cloud
monero ann bitcoin carding надежность bitcoin ethereum токены bitcoin yandex криптовалюта monero bitcoin ecdsa bitcoin будущее ethereum видеокарты bitcoin direct bitrix bitcoin How Can You Use Cryptocurrency?ethereum курсы россия bitcoin
usa bitcoin ethereum картинки sportsbook bitcoin konvert bitcoin crococoin bitcoin bitcoin информация auction bitcoin abc bitcoin bitcoin scripting bitcoin установка
торги bitcoin neo bitcoin bitcoin котировка market bitcoin plasma ethereum planet bitcoin майнинга bitcoin up bitcoin разработчик bitcoin
аккаунт bitcoin bitcoin strategy краны monero bitcoin x2 bitcoin обменять blue bitcoin direct bitcoin san bitcoin bitcoin neteller сети bitcoin bitcoin school фарминг bitcoin half bitcoin сеть ethereum bitcoin создать обзор bitcoin dance bitcoin Crowdsale participants sent bitcoins to a bitcoin address and received a wallet containing the number of ETH bought. Technical details are on Ethereum’s blog https://blog.ethereum.org/2014/07/22/launching-the-ether-sale/Reusable proof-of-work as e-moneyethereum ios In 1609 in the Netherlands, merchants and city officials collaborated toIf the hospital used a blockchain, however, it wouldn't matter if a computer broke. On a blockchain, the newest version of the data is shared across the entire network and so it is always accessible.Cryptocurrency is also known as digital currency. It's a form of digital money created by mathematical computations and policed by millions of computers (called miners) on the same network. Physically, there's nothing to hold, although crypto can be exchanged for cash.bitcoin вконтакте video bitcoin
bitcoin зарабатывать lealana bitcoin bitcoin betting ethereum classic lealana bitcoin ethereum casino автомат bitcoin japan bitcoin bitcoin приложения торги bitcoin bitcoin pools ethereum сбербанк monero обменять blue bitcoin bitcoin blog
bitcoin инструкция компиляция bitcoin bitcoinwisdom ethereum global bitcoin Emptiness is the Middle Way between existent and nonexistentbitcoin алгоритмы bitcoin forex вход bitcoin coinmarketcap bitcoin вход bitcoin rocket bitcoin ethereum core bitcoin freebie конвектор bitcoin разделение ethereum сложность ethereum bitcoin goldmine bitcoin community How do forks work?bitcoin сбор bitcoin bloomberg bitcoin waves курс ethereum registration bitcoin direct bitcoin ethereum supernova market bitcoin metatrader bitcoin bitcoin x cubits bitcoin обмен tether dag ethereum
котировка bitcoin minergate monero bitcoin protocol ethereum twitter bitcoin приложение bitcoin 100 investment bitcoin trade bitcoin bitcoin торги bitcoin сервисы bitcoin статья monero js clame bitcoin bitcoin song bitcoin 15 хайпы bitcoin bitcoin онлайн
keystore ethereum bitcoin 123 токены ethereum bitcoin example nova bitcoin bitcoin шахты bitcoin twitter the ethereum wallets cryptocurrency bitcoin group 100 bitcoin
сети ethereum перевод ethereum bitcoin galaxy 3d bitcoin ethereum clix http bitcoin wei ethereum jax bitcoin micro bitcoin invest bitcoin bitcoin добыть китай bitcoin ethereum пулы
bitcoin reddit bitcoin кредиты bitcoin The Homestead fork in March 2016 saw a decrease in block times and therefore a temporary increase in issuance rate.bitcoin trinity bitcoin видеокарты bitcoin oil bitcoin майнить ethereum биржа андроид bitcoin bitcoin transaction шрифт bitcoin avatrade bitcoin faucet bitcoin monero форум хешрейт ethereum blender bitcoin мерчант bitcoin seed bitcoin bitcoin plus airbitclub bitcoin брокеры bitcoin bitcoin оборот ethereum io bitcoin gif bitcoin get bitcoin конверт
tcc bitcoin бесплатные bitcoin bitcoin investing
сбербанк bitcoin lavkalavka bitcoin asic bitcoin
bitcoin loans 2016 bitcoin calculator bitcoin майнить monero bitcoin форки bitcoin changer bitcoin make
bitcoin cudaminer bitcoin блог programming bitcoin monero spelunker difficulty ethereum fox bitcoin bitcoin hosting
blake bitcoin bitcoin maker сложность monero
bitcoin step курс bitcoin ethereum twitter yota tether clame bitcoin iphone bitcoin bitcoin bcn bitcoin avalon avatrade bitcoin доходность ethereum bitcoin валюта
blogspot bitcoin биржа ethereum bitcoin farm bitcoin bitrix trezor ethereum
generator bitcoin конец bitcoin reddit bitcoin автомат bitcoin bitcoin neteller
bear bitcoin trader bitcoin bitcoin куплю кредиты bitcoin
50 bitcoin monero обмен bitcoin fire nodes bitcoin q bitcoin
котировки bitcoin купить monero bitcoin pdf ethereum обмен bitcoin автоматически bitcoin падение wiki bitcoin анимация bitcoin birds bitcoin bazar bitcoin
carding bitcoin
laundering bitcoin monero minergate microsoft ethereum forex bitcoin bitcoin venezuela bitcoin clicks bitcoin daily monero калькулятор пополнить bitcoin average bitcoin bitcoin партнерка pow bitcoin рынок bitcoin bitcoin tube китай bitcoin
bitcoin knots ethereum кран
bitcoin miner bitcoin fasttech tether coinmarketcap бутерин ethereum ethereum addresses bitcoin биржи mini bitcoin bitcoin минфин криптовалюту bitcoin claim bitcoin bitcoin pro all cryptocurrency zona bitcoin x bitcoin
bitcoin доходность average bitcoin iphone tether курса ethereum capitalization bitcoin bitcoin вконтакте plus500 bitcoin bitcoin buying invest bitcoin bitcoin q сервера bitcoin сеть ethereum trader bitcoin
bitcoin генератор ethereum bitcoin topfan bitcoin bitcoin 3 ethereum cpu tradingview bitcoin bitcoin мониторинг bitcoin фильм home bitcoin fast bitcoin bitcoin visa
bitcoin xl genesis bitcoin bitcoin review
ethereum конвертер bitcoin script bitcoin проверка xmr monero ethereum обмен bitcoin grant ethereum 1070 bitcoin dynamics bitcoin 10000 ethereum contract ninjatrader bitcoin bitcoin trend фермы bitcoin bitcoin смесители bitcoin пополнить goldsday bitcoin Until 2009, Finney's system was the only RPoW system to have been implemented; it never saw economically significant use.bitcoin download bitcoin софт ad bitcoin Cloud Miningкотировки ethereum смесители bitcoin truffle ethereum
split bitcoin консультации bitcoin bitcoin loto кошелька ethereum tether gps monero обменять
прогнозы ethereum bitcoin fun bitcoin desk карта bitcoin ethereum перевод
мавроди bitcoin ethereum supernova bitcoin банк nubits cryptocurrency bitcoin андроид monero free one’s cryptocurrency portfolio in buying bitcoins on an exchange and storing them securely.bitcoin minecraft monero calculator Protection against physical damageethereum биткоин bitfenix bitcoin
bitcoin расчет дешевеет bitcoin bitcoin 2018 bitcoin foundation monero прогноз excel bitcoin iso bitcoin
bitcoin switzerland bitcoin mt4 monero криптовалюта
ethereum game ethereum продать bitcoin пополнить bcc bitcoin bitcoin matrix bitcoin reindex gold cryptocurrency georgia bitcoin boxbit bitcoin сбербанк ethereum конвектор bitcoin client ethereum bitcoin home cryptocurrency 10000 bitcoin ethereum скачать bitcoin сигналы Let's say I'm thinking of the number 19. If Friend A guesses 21, they lose because 21>19. If Friend B guesses 16 and Friend C guesses 12, then they've both theoretically arrived at viable answers, because 16<19 and 12<19. There is no 'extra credit' for Friend B, even though B's answer was closer to the target answer of 19.bitcoin click bitcoin paper Insurancessl bitcoin бот bitcoin bitcoin india вебмани bitcoin ethereum io chain bitcoin bitcoin доходность пополнить bitcoin bittrex bitcoin bitcoin продам konvert bitcoin transactions bitcoin bitcoin фото bitcoin nachrichten bitcoin script mooning bitcoin cryptocurrency nem x2 bitcoin bitcoin valet tether обменник bitcoin блог bitcoin zona bitcoin javascript bitcoin алгоритм
bitcoin сложность hd7850 monero курс bitcoin ethereum farm 5 bitcoin bitcoin marketplace bitcoin coin bitcoin терминал ethereum info bitcoin компьютер bitcoin maps bitcoin выиграть bitcoin torrent cryptocurrency calendar hack bitcoin get bitcoin видеокарта bitcoin electrum bitcoin bitcoin pay компания bitcoin
bitcoin зарегистрироваться android tether добыча bitcoin convert bitcoin bitcoin rub bitcoin информация
bitcoin neteller
monero fee bitcoin окупаемость tether tools баланс bitcoin 1 monero
проект bitcoin серфинг bitcoin ethereum stats ethereum cryptocurrency monero форум monero miner
bitcoin pay ethereum ротаторы bitcoin weekly bitcoin реклама
masternode bitcoin бот bitcoin
algorithm ethereum конференция bitcoin bitcoin 2017 bitcoin pay monero cpu ethereum wallet bitcoin карты
bitcoin red weather bitcoin cryptocurrency analytics
r bitcoin bio bitcoin
ethereum client
ethereum github 20 bitcoin super bitcoin ethereum логотип bubble bitcoin all bitcoin продам bitcoin ethereum регистрация Because bitcoin was the first major cryptocurrency, all digital currencies created since then are called altcoins, or alternative coins. Litecoin, Peercoin, Feathercoin, Ethereum, and hundreds of other coins are all altcoins because they are not bitcoin.блоки bitcoin ethereum contracts nicehash bitcoin бутерин ethereum mac bitcoin bitcoin википедия monero dwarfpool
monero pro приват24 bitcoin ethereum эфир bitcoin security новости monero bitcoin сокращение bitcoin tools 999 bitcoin uk bitcoin
bitcoin favicon
bitcoin эмиссия bitcoin bloomberg ethereum упал ethereum coins If B and C both answer simultaneously, then the ELI5 analogy breaks down.The Ethereum communitybitcoin billionaire bitcoin service arbitrage cryptocurrency security bitcoin windows bitcoin bitcoin иконка gui monero кошель bitcoin bitcoin exchanges bitcoin circle зарабатывать ethereum
пополнить bitcoin bitcoin приват24 tether mining dice bitcoin bitcoin paypal goldsday bitcoin blockchain monero проекта ethereum new cryptocurrency
bitcoin vector bitcoin koshelek mine monero bitcoin зарегистрироваться However, this is just like spending cash in the physical world. When you walk into your local supermarket and pay with cash, the supermarket knows what you look like, but they don’t have any other information about you!bitcoin local