Ways to accept Cryptocurrency by Merchant Services

                            Ways to accept Cryptocurrency by Merchant Services

Accepting the cryptocurrency as a mainstream payment solution is a huge step taken by merchants who are otherwise skeptical, the need to adopt new technology comes from the popularity if the digital currency and the need to get faster payment turnaround time and cater the business needs. With the growing demand for your products or services, dedicating a part of the payment solutions through a dedicated hardware without having to spend days to get funds in the account is essential for small and medium enterprises.

The main way when merchants can accept the payments in digital coins is either tie up with a cryptocurrency terminal provider or simply accept payments from the touch of Smartphone button. Well, the choice is yours, as ultimately it a timely payment that matters for the merchant along with a good customer relation for long time business needs.

  • the payment system used should be adaptable with the existing technology that is used, else as a merchant you can simply connect your mobile device into the digital wallet, that is required to be created before accepting payments,
  • the operating system should be windows or android, or apple, a lesser or older version will have to be upgraded to let the payments come into the digital wallets
  • popular digital wallets have the facility to convert into the currency as the merchant wishes to without having to pick a single currency payment solution
  • the QR code recognizes the transaction and the coins get transferred to the merchant’s wallet, all this will happen once the merchant has a digital wallet that is protected by a strong set of password
  • popular wallets do the conversion into the base currency that the merchant chooses automatically, otherwise, the merchant has to manually place the order to convert them to the base currency opted or to the fiat currency

The POS machines have come with a dedicated payment processor that can even generate the reprints based on the transactions; the payment system comes with both the hardware and software to create invoices and receipts that will be permanent and immutable. There can be no further editing to the transaction, read more about Qprofit System, and the underlying technology used by different trading platforms like Qprofit System for creating the receipts and generates invoices based on the merchant solution chosen. The terminal prints the invoices, and the QR code scans the invoice based on the customer, acting as an ATM for making the payments.

 

 

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