Accept at Point-of-Sale
Accepting Cryptocurrency at Point-of-Sale
So, you’re ready to take the plunge and start inviting your customers to pay with money than can appreciate in value over time? Good choice. It’s easier than you might think!
The Monadnock Decentralized Currency Network will help get you set up with New Hampshire-based crypto merchant services provider Anypay for your point-of-sale. If you need a tablet to use at the register, we’ll provide that too! You’ll need a secure wallet in which you can store your crypto earnings and we can offer recommendations and help walk you through setup.
- Multi-Crypto Acceptance. Not only does Anypay accept Bitcoin Core (BTC) at the POS, you can also use it to accept DASH and other cryptocurrencies. Finally, we’re no longer stuck with just being able to accept bitcoin! (DASH is a faster, cheaper cryptocurrency – perfect for small transactions, since its fees are far lower than BTC.)
- Instant Settlement. Anypay does not hold your funds. No more waiting until you reach some arbitrary minimum amount like with Bitpay, or waiting a day or more for settlement with credit card companies. Every transaction is immediately directed into your destination wallet of choice.
- No Fees to Receive BTC. Anypay is not assessing fees to the merchant. Customers pay all network fees to send BTC. (Merchant may be assessed very small fees for network transmission of other cryptos besides BTC.)
- Signup is Private & Fast. Enter your email and password and you’re registered. No Tax ID required or anything else invasive of your privacy. No joke, it’s that easy.
- App Install is Easier. No app/play store visit required. No pairing code necessary.
- Based in New Hampshire. Anypay was founded and is operated from Portsmouth, NH by former Keene resident Derrick J Freeman and techno-wizard Steven Zeiler. They are great!
How to turn cryptocurrency into dollars (yuck).
Unfortunately we don’t live in a world where everyone accepts cryptocurrency… yet. Though we recommend against cashing out (as the price of various cryptos has tended upwards over time), sometimes you want to take profits out or maybe you need the cash for something important. If you do want to cash out, it’s highly recommended you only cash out a portion of your cryptocurrency savings. Some have cashed it all out, only to regret it later. Here are some of your options, ranked with the easiest methods at the top:
- Reach out to the local crypto community and ask if anyone wants to buy what you’re looking to sell. You can contact us at our real life meetups, our chat room, and the NH crypto forums. This is the most private option.
- Get a Bitcoin-fueled VISA/MC debit card. There are many options from which to choose, like Bitpay’s VISA debit card. You send BTC to the card and it’s converted into USD at the time of the send. Then you spend it like you would with any other debit card, wherever VISA is accepted. Amazing!
- Use a website like Coinbase or Bitpay. Both of these sites allow you to connect a bank account and convert your cryptocurrency to USD very easily and cheaply. However, the trade-off for the convenience is you have to give up your identification to the sites in order to be approved for an account.
- Use an exchange website like Kraken. Exchanges are for more advanced users who intend to get into trading crypto, but they are a way out of cryptocurrency, back into USD. Most exchanges require you to use wire transfer to send to a bank account, but Gemini and GDAX have ACH transfer.
- Use LocalBitcoins.com. Another option for advanced users. Privacy can strong here, but there is a risk of fraud. People across the U.S. will put cash directly in your bank account to buy your bitcoin.