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You can accept bitcoin as payment for goods or services, and use it as a treasury asset or convert it on a regular basis into Australian Dollars. Your money - your choice.
Wallet of Satoshi has a dedicated POS application that facilitates inbound transactions.
See the video below to see in installed on a specialised POS device, but you can install it on a dedicated phone.
Bitaroo has a Point of Sale service that facilitates inbound transactions, and auto-conversion to Australian Dollars.
Hardware Options
Hardware Options
(We'll include here a number of hardware options for merchants.)
Online Stores
Online Stores
There are two standout option when it comes to a hosted or self-hosted bitcoin payment processor for online retail; There are plug-in availabilities for Shopify, WooCommerce, Magneto, and more.
• OpenNode - https://www.opennode.com/
• BTCPayServer - https://btcpayserver.org/
If you find running your own server too technical, you may consider reaching out to the Bitcoin Moon Fund regarding how you can accept bitcoin using their BTCPayServer.
Why would any business want to Accept bitcoin?!
Why would any business want to Accept bitcoin?!
It’s better.
It’s better.
Notwithstanding that accepting bitcoin will attract customers that want to spend money, bitcoin has a number of inherent properties that make it a superior medium of exchange.
Instant & Near-Instant Settlement
Instant & Near-Instant Settlement
Bitcoin is not moved around on payment rails in the same way that domestic currencies are accounted for between banks. There is no need to wait for a credit card company or your bank to pay out to your account.
As Bitcoin is peer-to-peer, settlement is instant - like cash, it is a “bearer asset”.
Depending on how you choose to get paid, settlement can be instant, or near-instant.
No Fraud and No Chargebacks
No Fraud and No Chargebacks
Businesses can’t be the victim of dishonest buyers, as bitcoin transactions are one way only.
There is no fraud, as Bitcoin can’t be counterfeited, are there are no chargebacks; there is no central authority in control of the bitcoin network.
Virtually No Fees
Virtually No Fees
Payment processors like banks and credit card companies charge for access to their services as a for-profit revenue model.
With Bitcoin's Lightning network, consumers pay the cost of transacting on a least-cost basis -Â they're almost completely free, and sometimes they are.
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