Easily Accept Payments or Buy and Sell Bitcoin (or Litecoin) from Coinkite Debit Cards or any other Wallet by QR code!Get Yours Now
Coinkite’s payment terminal allows you to switch between Retail or Exchange Mode with these powerful features:
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The Coinkite terminal will finally enable you to buy, sell and accept bitcoins in a robust way. Operating just like a conventional credit-card payment terminal, this fully-customized device works exclusively with crypto-currencies such as Bitcoin and Litecoin. Field-proven resilient hardware, easy to understand—and ready to be dropped—by your cashiers and customers.
Some of its features:
If you don't have a Coinkite account yet use this link.
The purpose of our terminal is to improve the bitcoin experience in a few different ways:
Of course, since Coinkite works well on mobile smart phones, you are certainly welcome to use a phone for retail payments.
Yes, we enable you to auto forward to any exchange of your choice.
The incumbent players in the payment industry are interested in protecting their existing revenue streams and have not exactly been jumping onto the Bitcoin bandwagon. In fact, they may be actively interfering with its adoption.
Coinkite was founded to create a parallel and new system of payments that works entirely on crypto-currencies. Having a physical machine at one end of the payment path is a key part of that goal.
As far as the POS is concerned, we are using PCI-certified hardware and our own specialized software.
All the hardware security features of this terminal required by Visa and Master card, do remain in place.
Our unique Coinkite card has a bitcoin address on the back: this allows you to present the card to any bitcoin user (not just Coinkite users) and accept a payment from them on the spot. The funds will appear in your Coinkite account without any effort on your part.
The card can also speed your use of the Coinkite terminal, so if you make frequent visits to an establishment with the terminal, your checkout process is much faster and more secure.
In time, we will offer additional programs and benefits to our card holders.
Yes, both Wifi and Cellphone (GPRS) options are included in the standard payment terminal.
We also ship it with a pre-paid SIM card which is on us for now.
Yes, the Exchange/Retail terminal comes with internal GPRS (Cell Phone), we currently provide the SIM and pay for the service. This may change in the future.
Yes, the terminal prints a QR code on the bill for them to scan.
Yes, you can set a mark-up on the exchange rate.
You can also choose which public bitcoin exchange is the reference value for the spot rate, or use Coinkite's exchange rate as the reference.
No, they can use any wallet they want.
Yes, it is a Bitcoin (and Litecoin) device and inter-operates with any wallet or service that can send coins to a QR code printed on a receipt.
The POS can also scan directly from the screen of a smart phone or laptop (and paper of course).
Yes, these terminals have the same physical security features as PCI-certified hardware.
Integration with standard POS systems is on our roadmap, and the hardware platform already includes the required RS-232 serial port.
We can immediately confirm amounts from customers that are using Coinkite's accounts, and in other cases, we offer the choice to the retailer as to how many confirmations they require. We feel that if you are transacting small amounts, then accepting zero confirmations (for instant payment) may be a reasonable risk.
Those can be used, but a special-purpose machine has these advantages:
Yes. We are working out the details right now, so please send us your thoughts about what you'd like to see in such a program.
Merchants using the terminal must comply with all legal requirements in any location where they are made available to users. It is the buyer’s obligation to understand and conform to all local laws.
You can find the up-to-date manual here.
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