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This is an introduction to different methods you can use to accept Bitcoin in a retail environment.
Here's a coherent summary of the April 17, 2014, @MidasMarni Bitcoin Show, "Bitcoin in Retail & POS":
Summary:
This episode of the @MidasMarni Bitcoin Show explored the growing trend of accepting Bitcoin in retail and point-of-sale (POS) environments. The discussion centered on integrating Bitcoin payments into existing systems and highlighted several services and companies facilitating this adoption. A key driver for retailers was the desire to avoid credit card chargebacks and the perceived privacy benefits of Bitcoin, with the host noting consumers are increasingly rejecting credit cards.
Main Topics:
- Accepting Bitcoin in retail and POS systems
- Avoiding credit card chargebacks and reducing fraud
- Lowering processing fees
- Integration solutions: Blockchain.info, Coinbase, Coin of Sale, Sumo Pro by Bidax ATM, BitPay, Soft Touch, CoinKite, New West Technology (Dynamics extension)
- Tiered pricing plans for POS systems (Professional, Business, Enterprise)
Key Quotes:
- "Consumers are increasingly rejecting credit cards in favor of Bitcoin for privacy reasons and the elimination of chargebacks." (Host)
- Discussion of Swiss jewelers using Bitcoin to avoid chargebacks on high-value international shipments.
- Mention of Bitcoin's potential to reduce fraud and lower processing fees (Dan King, New West Technology).
People Mentioned:
- @MidasMarni (Host)
- Michael Pature (CEO, Soft Touch)
- Dan King (New West Technology)
Bitcoin Price: Not mentioned.
The host promised a future guide detailing the various retail POS systems discussed.