How Small Businesses can Accept Payments in Cryptocurrency / Encrypted Currencies
According to Google Trends, attention to Bitcoin and other cryptocurrency is now at its peak. For this reason, the number of automatic ATMs and automatic machines found worldwide is also increasing. Now, according to ATM radar, there are over 1500 ATMs operating in encrypted coins in 59 countries, and their number increases every day.
Businessmen interested in technology realize the growing demand to support encrypted currency payments and are looking for solutions to accept Bitcoin coins and other famous symbols as a way to pay. As well as for on -line negotiations and regular stores.
This article is mainly dedicated to small entrepreneurs who accept the enormous potential of encrypted currencies in terms of attracting new customers and entering other markets. (And if you are in doubt, check our interpretation why cryptocurrency coins are not considered a “bubble” after all).
The text below describes how to accept payments on on -line cryptocurrency or without connecting to the internet using an example of many common payment solutions that can be implemented by a company of any size at no costly.
Enter your customers that you accept Cryptocurrencies
Don’t expect your customers to ask if you accept cryptocurrencies like Bitcoin as a way to pay. Tell them yourself! There is a simple mark on the door that says “we accept Bitcoin” or “We accept Ethereum” guaranteed by customers looking for an opportunity to pay encrypted currency, not (Fiat means national paper currencies, including by pressing using bank cards).
These people themselves are likely to be the ones who will tell the environment, for example, through social networks, about a new friendly work for cryptocurrencies.
You can also take an additional step to request signals from a company like Cryptocables. The more interest you get from the cryptocurrency community, the more free oral ads you get from them in return.
How to accept Cryptocurrency
Whether you manage a real store in a traditional building or a concrete building or selling your products into a local vegetable market, you can convert your smartphone or tablet into an encrypted currency portfolio. Another option: POS PURCHASE SHOULD SUPPORT ENCYLED CURRENT PAYMENTS.
Coded Wallet for Mobile Devices
The encrypted mobile portfolio (referred to below the “Mobile Phone Portfolio” – Note Editor) is a wonderfully intense tool that allows you to accept payments in customer encrypted coins.
At the same time, he only needs a smartphone or tablet to work. Most mobile portfolios work the same as papermates: you insert the desired amount of cryptocurrency as a lot, and the portfolio creates a quick response code.
The buyer cleans the symbol using the application already on your mobile device and confirming the transaction to complete payment treatment. In the future, you can even send a check to the customer at your and email address.
Now the most popular portfolio is coinbase. Some alternative solutions include Blockchain Bitcoin or a xapo portfolio of various currencies.
Cryptocurrency Points / POS Terminal
Peripheral sales points that support encrypted currency transactions will be useful for companies that accept payments on encrypted currencies daily and need to print receipts and create a final invoice.
Many products can be the solution. For example, Coinkite offers an independent POS station that accepts payments on Bitcoin. The same device works in the Android operating system operating system and is equipped with a touch screen, GPRS / GSM unit and receipts.
Coinify has developed a comprehensive solution to accept payments in encrypted currencies, whether on -line or without connecting to the internet. Its POS solution is suitable for many traders categories from stores to taxi drivers. Bitcoin Pushing Bitcoin) provides a Bitcoin Easy -Uuse application programming interface that can be connected to most current POS systems.
These are just a few examples of ready -made solutions -which many companies now offer entrepreneurs who are ready to enter the “cryptocurrency market” and change to a new level.
How to accept online Cryptocurrency payments
Today there are many on -line digital currency solutions for companies. One of the most popular is the track. It is the stripe bitcoin that can be combined with some lines of code.
If you are already using this solution to accept plastic card payments, you will be happy to know that the stripe is to integrate bitcoin transactions in the same reports as cash flow. The service receives only 0.8 % of bitcoin treatment as fees, but the minimum payment does not exceed $ 5.
If you want to accept not only Bitcoin, but also other cryptocurrencies, you should pay attention to coins. This payment provider has an integrated encrypted currency portal and currently accepts more than 75 alternative currencies (encrypted currencies other than bitcoin, such as Ethereum or Dogecoin), while only 0.5 % receives transactions.
The CoinPayments gate operates with famous e -commerce systems such as Magento, Woocommerce or Prestashhop. This is true, part of the very huge menu. Thanks to this service, European and European Union traders can safely use their banking banking services to deal with cash flow while using a well -protected hot encryption portfolio to store the received cryptocurrency.
Among the other famous payment providers, it is worth noting Bitpay and Cryptonator, where the last one supports not only Bitcoin but also 10 altcoins, including Zcash and Dash.
How to protect yourself from fraudsters by accepting Cryptocurrencies
Because cryptocurrency is the target of different types of Internet criminals, companies should do everything in their power to ensure the integrity of personal data and a decent level of confidentiality for their customers when they pay goods and services using Bitcoin or other cryptocurrencies.
At the same time, companies should be protected against new types of fraud that appeared with the spread of encryption techniques.
There is no need to remember that the essence of technology ensures cryptocurrency safety and does not help to avoid multiple “traps”. Therefore, some on -line stores prefer to use specialized services to ensure the appropriate level of security and combat fraudsters. One of these services is Fraudlabs Pro, for example, but in fact there are some of them.
After all, cryptocurrencies can be accepted as a way to pay safely as bank card payments. It only requires more education and training.
Should my work be encrypted?
Cryptocurrency acceptance as a way of paying is very simple, whether online or financially. Now several companies in this market are competing for customers and offer easy -to -use solutions that allow companies worldwide to accept payments on encrypted currencies on conditional sites and physical stores.
Entrepreneurs who decide to accept encrypted currencies as a means of payment can rely on strong profits, as this information is actively distributed among members of the cryptography community using oral speeches and news. The essence of an active information exchange is to notify society about the emergence of new friendly businesses.
Due to availability, stability and low rates and sometimes their identity is not disclosed, new ways to use encryption transactions have been found or literally invented daily, and of course we have not seen this technology to do yet.
A recent study by Cambridge University says that now (in 2017) between 2.9 and 5.8 million people worldwide using encrypted currency governor. There are also over 100,000 traders, including giants such as Microsoft, Paypal, Dish Network, Intuit and Overstock, and they are loyal to cryptocurrencies and enough confidence to accept them (as the main cryptocurrency payment – almost).
With the appearance of thousands of small businesses, large companies and all countries in this market, the dissemination of encrypted currencies everywhere is just a matter of time, as well as their formation as a standard financial tool.
But while the benefits of using encrypted coins are clear, there are still large barriers in front of their predominant dependence. First of all, this is a low level of awareness and technology misunderstood by the general public, a lack of organizational documentation of cryptocurrencies and intelligent contracts, the unaffered legal status of cryptocurrencies, technical problems, etc.
So far, there are no solutions to these problems. However, the private blockchain team that the Jincor team will allow companies of all sizes to easily enter the economy of encryption without legal, technical or operational difficulties, at a low cost, regardless of planning to work on B2C or B2B markets.