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Topic: Accepting Bitcoin in a Bricks and Mortar Shop - page 2. (Read 1460 times)

legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
Retail price divided by the current bitcoin price equals the amount of bitcoins needed for purchase. Then create a QR code for that amount of bitcoins.

For instance, if their total purchase is $247 and the bitcoin price is $250, then the amount of Bitcoins they need to give you is ฿0.988 ($247 / $250 = ฿0.988)

EDIT: I recommend monitoring the blockchain in real time or using a bitcoin payment provider that monitors the blockchain in real time for payments, so you can approve the purchase in a few seconds for small value items, else you will need to wait for confirmations to reach your client. There is a small risk of double spending though when not waiting for 6 confirmations. We have a few businesses here that allow payment in Bitcoin for small value items and they use the same Bitcoin payment provider that monitors the blockchain in real time. Takes a few seconds for the payment to appear and neither of them claim to ever have lost funds due to double spending. I know because I ask them every once in a while.
legendary
Activity: 3248
Merit: 1070
i think you just need one, so they can acquire your address, unless you want to use a different address each time

this is a good video https://www.youtube.com/watch?v=vnm4xFC2xNo
full member
Activity: 357
Merit: 130
Hi,

I run a retail shop in the UK and I am considering accepting Bitcoin.

I don't really understand how to do it.

I know I can create a QR code but do I need a QR code for each item I sell?

So, the customer comes in and wants 3 things, how do I do it?

Sorry if this makes little sense.
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