Unocoin, one of the well-known Indian bitcoin exchange platform has today announced the launch of its bitcoin Point of Sale services. With this new service, the company intends to encourage the Indian merchants to accept bitcoin payments.
The launch of Unocoin PoS, as the company prefers to call its new service was announced in its recent blog post. In addition to the discussion about the new payment system, the post also gives an insight into the changing bitcoin landscape in the country.
As bitcoin usage picks up in the country, merchant services like Unocoin PoS will enable merchants operating physical stores to accept bitcoin payment from their customers. The new PoS application for merchants is now available on both Google Play Store and Apple Appstore for both Android and iOS powered devices respectively.
According to the platform, the merchants first have to sign up with Unocoin and obtain a verified account before they can actually start accepting bitcoin payments. once the account verification is done, they can download the Unocoin PoS application on their mobile devices and connect the device to their merchant account by scanning a QR code available on the website and start collecting bitcoin payments. In order to pay on Unocoin PoS, the customer has to just scan the QR code generated by the PoS app for the payable bill amount on their wallet application and pay for it. Once the customer makes the payment, the merchant can receive the settlement either in the form of bitcoin or INR during the same business day.
Unocoin allows merchants to register for and use its Point of Sale system for no fee. In addition to 0% installation and activation fee, the merchants will not be charged for making transactions over the PoS platform. In addition, to almost zero percent fee structure, the […]
