By accepting crypto payments in your brick and mortar store, you will become the most innovative store and attract a crowd of new customers. And how to do this, read on.
Key points:
- Crypto Point of Sale solution allows you to accept crypto payments directly in a physical store.
- There are several reliable crypto payment providers on the market.
- NOWPayments provides competitively low fees and support for 350+ coins.
What is cryptocurrency Point of Sale?
Crypto PoS is a system that processes crypto payments and enables you to accept crypto payments directly at the checkout. Thanks to crypto PoS, you can issue invoices for each of your clients in just a few clicks. At the same time, your customers can pay for your product or service simply using their smartphone.
Read more about how your store can accept crypto payments in our new article!
What are the best 5 crypto point of sale out there?
| Fee | Supported coins | |
| NOWPayments | start from 0.4% | 350+ |
| GoCrypto | 1.25% | 50+ |
| Coingate | 1% | 70+ |
| BitPay | 1% | 13 |
| Triple A | 1% | 4 |
NOWPayments
NOWPayments is a leading crypto payment gateway that allows you to accept 350+ cryptocurrencies as payment for your goods and services. NOWPayments provides various integration tools, such as plugins, API, invoices, as well as a virtual Point of Sale terminal. PoS terminal allows merchants to accept crypto payments on any device connected to the Internet. That is, you can forget about installing and maintaining expensive equipment and benefit from fast crypto payments. In addition, accepting payments with NOWPayments is cost-effective, easy, and safe. NOWPayments service fees start from 0.4%. Merchants can also take advantage of additional benefits, for example, autoconversion. Thanks to autoconversion, you will be able to provide your customers with the opportunity to pay with cryptocurrency, and get paid in fiat.
GoCrypto
GoCrypto is one of the most popular crypto payment providers. Also, GoCrypto provides merchants with several POS solutions. Elly POS is an all-in-one device with the help of which merchants can accept all types of payments: bank cards, digital payments, and cryptocurrencies. Hardwear POS is a powerful device that can transform your store into a full-fledged crypto exchange, that is, it allows you to sell and buy digital assets in the store. GoCrypto webPOS allows merchants to accept crypto payments on a phone, tablet, and computer, without having to install expensive equipment.
Since the crypto company functions collaboratively with Bitcoin.com Wallet, Elly Wallet, and Binance Pay, by implementing POS solutions you can accept more than 50 cryptocurrencies. Native Elly Wallet supports eight coins. For the first three months, the company does not charge a service fee, then 1.25% from each transaction.
CoinGate
CoinGate is a flexible crypto payment gateway that allows you to accept more than 70 cryptocurrencies. The company provides various e-commerce plugins, libraries, APIs, buttons and a web Point of Sale terminal. CoinGate provides an adaptive web Point of Sale terminal in cooperation with the crypto exchange Changelly. You can accept crypto payments on any device or in any browser. The payment process is extremely simple, you just need to enter the amount of the item, choose one of the 70 coins, and enter your email. After that, you will be able to provide your customer with a QR code or wallet address. The service fee for using the Point of Sale terminal is 1% from each transaction. In the near future, CoinGate also plans to launch applications for iOS and Android devices. Thanks to this update, merchants will be able to accept crypto payments right on the go via a mobile phone.
BitPay
BitPay is one of the most well-known and reliable crypto payment providers. The service was created in 2011, that is, just two years after the launch of the Bitcoin blockchain. BitPay provides merchants with various payment solutions: wallet, crypto debit card, crypto invoices, API, e-commerce plugins, buttons, and Point of Sale terminal. Merchants who wish to accept crypto payments in their store can install the BitPay Checkout app. Merchants can accept 13 cryptocurrencies for payment, including the most popular coins and tokens, as well as five stablecoins. In addition, BitPay can automatically convert your profits into fiat currency (8 local currencies are supported) and settle funds via the local bank transfer. However, keep in mind that in the case of a bank transfer, funds are received on the next day. BitPay provides a standard fee of 1% from each transaction.
Triple A
Triple A is a client-oriented crypto payment gateway that allows you to accept crypto payments in a secure and easy manner. Triple A meets the highest security standards: corresponds to the Monetary Authority of Singapore, and is also regulated by the US Department of the Treasury. The payment provider supports the leading cryptocurrencies: Bitcoin, Ethereum, USD Coin, and Tether. In addition, the service supports the listed coins in several networks, for example, stablecoins can be sent via the TRON network, and Bitcoin via the Lightning Network. Moreover, the service can convert crypto into more than 40 fiat currencies to reduce volatility risks. Triple A provides several integration tools, such as plugins, invoices, and Point of Sale terminal. Thanks to Triple A, retail store owners can accept crypto payments with mobile devices and POS machines. Since each retail store is unique, Triple A provides a customized POS solution for each merchant.
How to accept crypto payments via Point of Sale
To accept 350+ coins for payment with the NOWPayments Point of Sale terminal, follow the below steps:
- Sign up for a NOWPayments account.
- Specify your crypto wallet address and generate an API Key.
- Navigate to Store Settings >> PoS Terminal Link.
- Create your own PoS terminal link.
- Open the link on your device to accept crypto payments.
To make payment, you need to generate a QR code after specifying the order sum and the preferred cryptocurrency. The code will take your customers to their crypto wallet, where they will have to confirm their transactions.
Conclusion
With NOWPayments, owners of brick-and-mortar stores can accept crypto payments easily, quickly, and with minimal costs.