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.

1. teamsteverhyner.com http://www.teamsteverhyner.com/how-to-accept-bitcoin-payments-for-your-store/
Steven L.
Rhyner
How to Accept Bitcoin Payments for Your Store
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.

2. A customer of Burger Bear, which uses a simple QR code system to accept bitcoin 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rescinded this policy, once again paving the way for wallet apps on iOS devices.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.
To find out more about bitcoin transactions, see our detailed guide.
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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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 offers bitcoin-logoed doormats
and ‘Bitcoin Accepted Here’ mats for merchants wanting to advertise the
cryptocurrency as a payment option.
Re-posted from www.coindesk.com October 14, 2015
If you’d like more information about a home based bitcoin business email me: steve@prplus.us or click the

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