Businesses accepting cryptocurrency payments do it in a variety of ways. Point-of-Sale systems are among the most popular solutions for featuring crypto payments. Yet, for a long time, the majority of crypto PoS terminals have had several significant problems, including the high cost of deployment. NOWPayments solves the existing PoS issues by offering a web-based crypto Point-of-Sale system. Check out all the advantages of NOWPayments’ PoS terminal below.
- NOWPayments’ PoS terminal is fully web-based.
- The PoS system enables merchants to accept cryptocurrencies seamlessly.
- NOWPayments’ Point-of-Sale solution is free to deploy and has low transaction fees.
How to accept cryptocurrency in-store easily?
The Point-of-Sale solution from NOWPayments is easy to deploy. Follow these steps to start accepting crypto:
- Create a NOWPayments account.
- Add your crypto wallet address and generate an API Key.
- Go to the “Store Settings” and choose the Point of Sale Terminal option there.
- Create a link to your PoS terminal.
- Choose your preferred cryptocurrency.
- To issue your crypto invoice, simply specify the sum and the coin.
What is so great about PoS tools?
Point-of-Sale terminals are highly flexible since they can feature several payment options. The majority of crypto terminals also let merchants set up fiat payments or any other method of receiving funds. Since one terminal allows businesses to accept all kinds of payments, companies can save money on equipment and infrastructure. Moreover, Point-of-Sale solutions are also quite compact and can be easily moved from one place to another. Such a feature is particularly important for businesses such as hotels which often accept payments from clients in different places such as clients’ rooms.
Point-of-Sale systems are also universal in the sense that they can be deployed by any kind of business. PoS terminals are a perfect solution for both small and large companies. Essentially, PoS systems have proven their effectiveness in various scenarios.
Finally, Point-of-Sale terminals are convenient for customers. A PoS system greatly facilitates the payment process. All clients need to do is to scan a QR code if they pay in crypto or apply their card if they use fiat. This is why PoS systems are widely utilized by merchants that accept crypto.
Why does NOWPayments POS fit merchants the best?
NOWPayments offers crypto PoS terminals which possess a variety of advantages over their competitors
Despite the fact that PoS terminals are quite convenient, merchants often entail considerable expenses due to fees. NOWPayments’ PoS terminal addresses this problem by offering extremely low transaction fees. Essentially, NOWPayments charges PoS users only 0.5% of the processed sum. As a result, merchants end up paying a very small fee which does not affect profits in any sufficient way. Moreover, NOWPayments’ transaction fee is even smaller than those of the majority of banks. Businesses are well aware of how expensive it can be to conduct bank transfers, so crypto payments are a great low-cost alternative.
The biggest feature of NOWPayments’ PoS terminal is that it does not require any proprietary equipment. The PoS system is purely web-based. This means that merchants can deploy their Bitcoin Point-of-Sale terminal on any device with an Internet connection. It can be your laptop, iPad, or even mobile phone. As long as your device has a browser, you are good to go. Moreover, the PoS terminal NOWPayments enables merchants to issue an unlimited number of crypto invoices which then can be sent to clients. So, the client’s physical presence is not needed in order to conduct a payment using the PoS solution.
The majority of crypto PoS terminals are not web-based and instead constitute physical devices which can be quite expensive. An average price of a PoS device is approximately $1000, which is way too much for smaller businesses. Additionally, PoS terminals imply having maintenance costs which also can be quite high. NOWPayments’ cryptocurrency Point-of-Sale terminal is not only free to maintain but also free to deploy. There are no prior costs for merchants. Businesses pay only when the PoS terminal processes payments.
Crypto-to-fiat conversion and dozens of cryptocurrencies
NOWPayments supports 100+ different cryptocurrencies. Therefore, merchants using the crypto Point of Sale system from NOWPayments can feature practically all of these coins. All you need is a crypto address to which you would like to receive your payments. NOWPayments is a non-custodial service which does not keep the crypto funds of its clients and makes instant payouts. Additionally, merchants can use the crypto-to-fiat conversion feature. It will enable them to accept crypto and automatically convert it to fiat. Such a feature is particularly beneficial for businesses that want to get their share of the crypto economy but still receive fiat currencies.
Point-of-Sale terminals are common among merchants worldwide. NOWPayments provides a Point-of-Sale terminal which lets merchants accept crypto payments. NOWPayments online Point-of-Sale terminal is entirely web-based and has extremely low fees. Use NOWPayments’ Point-of-Sale terminal to accept more than 100 different cryptocurrencies.