How Can My Store Accept Bitcoin?

IHB Bitcoin Guide How Can My Store Accept Bitcoin

Quick guide to accepting Bitcoin as a store owner

Accepting Bitcoin is as easy as setting up a wallet. The simplest way to accept bitcoin is to display a wallet’s public address or QR code at a business’s point-of-sale. Customers will be able to transfer Bitcoin directly to the merchant at no cost. No more credit card or paypal fees!

The drawback of directly accepting Bitcoin is attempting to maintain a healthy cash flow.  It’s a tedious task for a business owner to constantly convert Bitcoin into fiat.  As a solution, a handful of companies have begun to provide point-of-sale block chain API’s to enhance the utility and ease of Bitcoin transactions. Customers pay in Bitcoin and it is immediately converted into fiat currency for little to no fees.

Here is a list of some of the most popular companies providing POS services:

1. Coinbase
2. Bitpay
3. Gocoin
4. Unocoin