3. For Merchants and Customers?
As a merchant you can accept bitcoin from
everybody in the world within seconds
without paying fees or signing up for a debit
account
As a customer you can spend your bitcoins at
any marketplace which accepts bitcoins
4. How We Can Make a Transaction
1.You need to have a bitcoin wallet
2.Buy bitcoins (Coinbase or Circle or
Localbitcoins)
3.Find a business that accepts bitcoins
4.Bitcoin Payment Process
5. As a Merchant How to Accept bitcoin
In a retail store, you can accept bitcoin using
any internet device. This is typically a tablet
or iPad, but it can also be a mobile phone or
computer. Gratuity capability is available for
service-oriented businesses
6. As a Merchant How to Accept bitcoin
Payment Button to receive bitcoin payments
Merchant manages the shopping cart and collects the
buyers name and address if necessary.
7. As a Merchant How to Accept bitcoin
Payment Button Cart to receive bitcoin
payments
8. As a Merchant How to Accept bitcoin
Point of Sale App to receive
bitcoin payments in store
A fast, simple interface for retail
and mobile businesses to
accept bitcoin payments, add
multiple users, collect tips, and
allow your customers to pay
straight from their devices, via
one-tap payments.
9. As a Merchant How to Accept bitcoin
Finally Billing
E-mail Billing allows you to create a bill for a client
from “Bitpay’s” website. The bill is emailed to the
client, and they can pay with bitcoin. Email Billing
also allows you to schedule repeat billing, and
BitPay emails future bills for you automatically.
10. Cryptocurrency 2015
“Compared to ordinary banks cryptocurrencies
are free, fast and reliable. They give you the
power to access and transfer your money
whenever and wherever you want”
All you need is to create a bitcoin wallet to process the payment. There are several opportunities out in the market to integrate bitcoin payment options into existing infrastructure, one of them is BitPay. The service takes care of processing the payment as well as converting bitcoin into other currencies and wiring it into your bank account. Some companies have also started to pay their employees in bitcoin or use it for other expenses.
You can not only purchase items from Merchants with bitcoin but also transfer bitcoin to anybody else. Imagine you would like to split the bill at the restaurant.
Another way to spend your coins is by using services which accept bitcoin only. Changetip is one of them allowing people to transfer small amounts of money called micropayments.
A bitcoin wallet can be compared to a bank account. The difference is you can create it for free without paying any fee and have as many as you’d like in just a few clicks. To create a wallet you can choose among websites, apps, hardware and desktop applications. Coinbase, Mycelium or Blockchain are some services that provide web and app wallets. Each wallet has its own unique address which looks like this:1dice8EMZmqKvrGE4Qc9bUFf9PX3xaYDp. In order to receive money, you need to share this address with people you are dealing with for them to transfer bitcoins into your wallet. In the same way to send money, you can transfer BTC (bitcoin) from your account to theirs by using their wallet address. Only the owner of an address can sign a transaction to another wallet. The “magical” Blockchain then validates the transaction, confirms it and makes sure it is unique. This ensures that no BTC can be spent twice neither can it be held in two different wallets at the same time.
Hardest step is to acquire bitcoins using services like Coinbase or Localbitcoins matching buyers and sellers toghther locally
To find merchants in your neighborhood there are services like Coinmap that list them.
The payment process is similar to using a credit card where both parties need to exchange their account information to transfer the fiat between accounts. When using bitcoin, this can be done in several ways. Either you copy and paste your wallet address to hand it on or present it with a QR-Code. The QR-Code enables other people to easily scan your code with their smartphone camera and deposit BTC into your wallet.