{"id":18092,"date":"2022-12-27T06:38:17","date_gmt":"2022-12-27T06:38:17","guid":{"rendered":"https:\/\/www.smartbusinessdaily.com\/?p=18092"},"modified":"2022-12-27T09:22:33","modified_gmt":"2022-12-27T09:22:33","slug":"how-to-accept-crypto-payments-as-a-business","status":"publish","type":"post","link":"https:\/\/www.smartbusinessdaily.com\/how-to-accept-crypto-payments-as-a-business","title":{"rendered":"How To Accept Crypto Payments As A Business"},"content":{"rendered":"

The last few years have proven that cryptocurrency is here to stay. Thousands of new blockchain projects, whole countries switching to digital assets, and, of course, businesses all over the world accepting crypto payments \u2014 that is how popular it got. A couple of years ago, you would not be able to use your Bitcoins to pay at a store or hotel. It was just a distant dream.<\/p>\n

Now it is the reality. Small and big businesses worldwide are adapting to the new reality and offering more and more opportunities to their customers. So, if you are still wondering, \u201cHow to accept crypto payments as a business?\u201d this article is what you have been looking for.<\/p>\n

How Can I Accept Crypto At My Business?<\/strong><\/h2>\n

\"Accept<\/p>\n

 <\/p>\n

The easiest way to do so is to use a crypto POS<\/a> terminal. As you may know, regular POS terminals provided by banks are quite common. However, they don\u2019t work with digital currencies. Solutions like Whitepay, on the other hand, offer such an opportunity.<\/p>\n

Crypto POS terminals from Whitepay only need a socket and an internet connection. Even though customers pay with cryptocurrencies, sellers receive fiat money in their accounts.<\/p>\n

.Businesses can accept payments in BTC<\/a>, USDT, and many other cryptocurrencies. The is no need to worry about the volatility of digital assets because the system automatically calculates the current crypto-to-fiat rate.<\/p>\n

How To Accept Bitcoin Payments As A Business?<\/strong><\/h2>\n

When setting up a crypto POS terminal, a seller can choose from many available cryptocurrency options. Bitcoin is one of the most often used digital assets for POS terminals, along with USDT. So choosing BTC for your payments is not a problem.<\/p>\n

All the transactions are automatically converted into fiat currency used by the business. Crypto POS terminals are usually updating the rate every 120 seconds, so clients need to keep that in mind when completing transactions.<\/p>\n

How To Accept Crypto Payments For Business With Whitepay?<\/strong><\/h2>\n

\"Business<\/p>\n

Whitepay is a crypto POS solution for all businesses that want to stay up to date with current technologies. The company offers crypto POS terminals and web pages where every customer can use cryptocurrencies to pay for anything.<\/p>\n

The company currently works in Ukraine, Turkey, and UAE, but the list of countries is constantly growing, and you can contact Whitepay to discuss the possibility of entering other markets.<\/p>\n

Whitepay crypto POS terminals accept Visa and Mastercard and support NFC technology<\/a> as well as 3\/4G networks or WiFi connection. They use multi-level protection, single-use QR codes, and accept crypto payments all around the world.<\/p>\n

Plus, there are no additional fees. The tools offered by Whitepay include financial analysis, reports, billing, balance checkouts, etc. Although the clients are paying in crypto, the reports are in fiat currencies.<\/p>\n

At the moment, Whitepay offers POS terminals with such cryptos as BTC, USDT, LTC, ETH<\/a>, and BCH, as well as five national currencies.<\/p>\n

The company comes from Ukraine, which is why they have been helping the country since the full-scale invasion. First, they have created a foundation where everyone can send some help to support the Ukrainian army, civilians, or the Ministry of Health. But it was just the beginning.<\/p>\n

After that, the team collaborated with the United24 fund, created by the president of Ukraine, Volodymyr Zelensky. Donations are divided between humanitarian aid, defense, reconstruction, etc. Of course, Ukraine is one of the leaders when it comes to using cryptocurrencies.<\/p>\n

However, other countries are starting to understand their benefits too. At the moment, over 80 countries are considering launching their own electronic national currencies.<\/p>\n

This is why it is important to incorporate digital currencies into your business as soon as possible. As we all know, bank card payments used to be rare, and now they are everywhere. So hurry up before it happens to crypto payments.<\/p>\n

What Does The Payment Process Look Like When Using Whitepay?<\/strong><\/h2>\n
    \n
  1. A salesperson chooses \u201cCrypto\u201d as a payment method on the POS terminal by Whitepay.<\/li>\n
  2. If there are multiple networks, a customer needs to choose the one they prefer to use.<\/li>\n
  3. The salesperson then indicates the price in the currency used by the business, and the price in crypto gets calculated automatically.<\/li>\n
  4. The customer needs to agree to the terms and conditions of Whitepay. Meanwhile, the currency rate gets fixed for 120 seconds.<\/li>\n
  5. The customer clicks the Pay button.<\/li>\n
  6. The system will show the client a QR code. After scanning it, they will be redirected to the payment page. They need to log in to their crypto wallet and choose the needed crypto to send the assets using the displayed payment details.<\/li>\n
  7. The customer selects the network and enters the address and sum.<\/li>\n
  8. When all these steps are completed, the transaction status will change from \u201cWaiting for deposit\u201d to \u201cCompleted\u201d. The receipt will have a QR code with the confirmation of the transaction in it.<\/li>\n<\/ol>\n

    If a client makes a mistake when entering the amount to be paid, they can send the missing amount in a separate transaction.<\/p>\n

    Accepting Crypto Payments For Business: Benefits<\/strong><\/h2>\n

    \"Crypto<\/p>\n

    Apart from keeping up with the progress, there are lots of advantages of crypto payments. For example:<\/p>\n