POS (POS) systems have become common as more companies start and people start using digital funds. They allow the shops to take a cryptocurrency, giving customers a wonderful new way to pay. Credit cards in the old school provides money on fees, speeding up the payment time, and adds safety. Learn the main parts, features and how to acquire both stores and buyers from using these points of sale.
What is the encryption point?
Crypto Point -f-SALE (POS) is a solution to prepare an encrypted currency portal. It allows customers to pay the price of products and services with encoded currency quickly and effortlessly using their portable devices and encryption wallets. The basic benefit of the points of sale is its comfort, as it takes only a few seconds to create an invoice that customers can use to pay. In addition, the POS portal is easy to use and does not require any complex setting.
Pushing the service is a safe means for both the seller and buyer when using cryptocurrencies. It also gives merchants the ability to allocate their bills and generate new horizons for each customer, which makes the points of sale an ideal choice for small material stores that do not need to deal with dozens of transactions per second.
Cryptocurrency can either on the web (program) or device/device, similar to the standard points of sale we use every day.
How does the cryptocurrency system work?
Regardless of whether it is a web -based application or a device for devices, the Point of Sale Sell systemsS Likewise.
POS Crypto stations are easy to use. All you have to do is enter the amount your customer needs to pay any Fiat currency, specify the cryptocurrency they want to pay, and the system will automatically create the QR code.
Your customer can use his phone to wipe the fast response code and pay the amount you previously mentioned with their encryption wallet.
Benefits of using POS Cryptocurrency in your financial store
Better safety than standard payment methods
All digital assets are supported by the Blockchain system used encryption. Encryption is a field of mathematics that focuses on providing safe encoding from run to end. Therefore, your treatment is safely transferred through very encrypted currency mining servers to form a series of cannot be changed. This reduces the risk of fraud, transactions, or power outages in your sales system.
Low transaction fees
When using the standard sales point systems for transactions, you pledged third -party sellers to be responsible for security. However, when it comes to cryptocurrency, Blockchain networks enable exchanges from counterpart to counterparts without any external seller. The use of the encryption payment gateway to cancel the need for third -party sellers, which in turn reduces the transaction fees to about 1 %. On the other hand, credit card transactions or standard deduction are subject to 3 % fees.
Best marketing
You already know that enabling encryption payments is an increased direction when it comes to thinking about the way to drive forward. An effective marketing campaign can be built on a simple slogan “We embrace the future of digital payments.”
Staying ahead of the competition
It does not matter how big or small your business is, you are always facing direct competitors. You can access a new loyal customer base by carrying out a fast and safe method in performing transactions.
A new wealthy demographic group
According to an article before Triple-A, In 2021, 46 million people, or 13.7 % of the total population of the United States, owns a currently encrypted currency. When we take a closer look at the statistics, we can see that 44 % of the coded currency owners in the United States of America have an annual income of more than $ 100,000.
No payable amounts
Bitcoin transactions are irreversible and can only be returned through the recipient side – a great contrast with credit card transactions that can be canceled. This means that if you accept Bitcoin, there is no charging.
Read more on How to accept encrypted currency payments in your brick store and mortar.
Important aspects that must be taken into account before using the encrypted work points system
All rewards come with some risks. There are some factors that you need to look before before implementing the POS system.
Volatility
It is a known fact that cryptocurrencies can be volatile. It is important to have a planned strategy for what to do with the coins you receive if you intend to keep it for a longer period of time. You have to decide in advance if you plan to override at some point and number times or if you decide to keep it.
compliance
The regulations and laws of currency cryptocurrencies are constantly evolving on the basis of increased use around the world. Data protection regulations, anti -money laundering requirements and your known requirements are some factors that must be paid attention to. It is important to track the changes in compliance or consult a legal expert if necessary.
protection
When using Crypto Pos, there is no third party involved and the treatment is done directly between the customer and the merchant. You can access the history of the transactions you have immediately and can remain unknown in a world where privacy is an expensive commodity.
Taxes and accounting
In many countries, tax laws change on cryptocurrencies constantly because their position was not yet clear. For example, in the United States, the Tax Authority classifies cryptocurrency as a drug or digital origin. At any time you buy, sell or exchange encryption, it is a taxable event. Consider the taxes before starting to accept encrypted currency payments.
What is the digital currency you want to accept
If you want to accept encrypted currencies, you must search for any of them carefully. Common cryptocurrencies are Bitcoin and Ethereum, a safe bet among users. If you still have doubts, do not hesitate to talk to an expert.
What are the different types of cryptocurrency selling systems?
Let’s explore the two main types of POS encryption systems in more detail. They are online applications and devices.
Web -based sale applications
These applications are accessed through the web browser and do not require any additional devices. Traders can simply participate in the service, connect their digital portfolios, and start accepting the encoded currency payments from customers. These web -based systems provide a simple and comfortable solution for merchants who want to accept encrypted currency payments without investing in expensive devices.
Usually, such applications can also be installed on Android or iOS, making them more convenient.
Here are some examples of these encryption applications:
Payments now
Payments now She is one of the leading payment service providers in encryption. It also provides a solution to acceptance of payments through the link of the points of sale.
In order to set up a POS Crypto link with payments now, you need to follow these steps:
1) Create an account with payments now
2) Add your wallet address
3) Go to the settings -> Metal currency settings and select the encrypted currencies you want to pay. Make sure to choose the coins or symbols supported by your wallet! There are more than 100 encrypted currencies to choose from:
