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| 1 | +--- |
| 2 | +layout: post |
| 3 | +type: note |
| 4 | +date: "2023-01-26 19:30:00" |
| 5 | +title: "Point of Sale Solutions" |
| 6 | +meetup: /2023-01-26-vancouver-socratic-09 |
| 7 | +--- |
| 8 | + |
| 9 | +## Requirements |
| 10 | + |
| 11 | +- Lightning payments |
| 12 | +- PoS app or web app |
| 13 | +- Available in Canada |
| 14 | + |
| 15 | +### Payment processors |
| 16 | + |
| 17 | +[IBEX](https://www.ibexpay.io/) |
| 18 | + |
| 19 | +* Maximum payment: US$2,500 |
| 20 | +* 0.5% for BTC, 1% for fiat |
| 21 | +* Shopify integration. Super easy to set up! Cool slider for BTC/CAD ratio |
| 22 | +* "Bitcoin Payment Terminal" Ability to set up multiple accounts (e.g. online sales, main location, off-site sales) and multiple terminals, e.g. multiple cashiers or servers |
| 23 | +* [Looks like this, can see recent transactions](https://ibexpay.ibexmercado.com/bpt/6c8fd164-668c-44ba-8035-464d6abb0d92) |
| 24 | + |
| 25 | +[Bitpay](https://bitpay.com/online-payments) |
| 26 | + |
| 27 | +* Great documentation, lots and lots of plugins (Woocommerce, Shopify, Wix, Magento, PrestaShop, etc) |
| 28 | +* Two business days, Minimum settlement: US$2,500 |
| 29 | +* No web-checkout app. Requires download of a separate app through AppStore or PlayStore. |
| 30 | + |
| 31 | +[OpenNode](https://www.opennode.com/) |
| 32 | + |
| 33 | +* 1% fee |
| 34 | +* Individual KYC: SSN, Photo ID, Identity confirmation |
| 35 | +* Corporate KYC: SSN, Photo ID, Business Documentation, Beneficial Owner Documentation |
| 36 | +* Create payment requests, make templates, create formal invoices |
| 37 | +* Shopify, BigCommerce, WooCommerce, Magento, PrestaShop, Opencart |
| 38 | +* I was unable to sign up for the web PoS, but I think it exists |
| 39 | + |
| 40 | +[Neutronpay](https://neutronpay.com) |
| 41 | + |
| 42 | +* 1% fee |
| 43 | +* Easy to set up |
| 44 | +* KYC only if you need CAD |
| 45 | +* [Looks like this](https://client.neutronpay.com/payments/irthGsZsezVeth4xeulLCRQyV9l2) |
| 46 | + |
| 47 | +### Wallets with point-of-sale functionality |
| 48 | + |
| 49 | +[Breez](https://breez.technology/) |
| 50 | + |
| 51 | +* Requires some guidance for setup, need to create a beefy channel with inbound capacity at 0.3% cost of the total capacity |
| 52 | +* A bit resource intensive |
| 53 | + |
| 54 | +[CoinOS](https://coinos.io/) |
| 55 | + |
| 56 | +* Made in Vancouver! |
| 57 | +* Lots of cool functionalities: Lightning address, create vouchers, contacts, usernames |
| 58 | +* Need to be logged in to verify that you got paid! |
| 59 | +* Tips go into the same wallet. |
| 60 | + |
| 61 | +### Self-hosted |
| 62 | + |
| 63 | +[BTCPay](https://btcpayserver.org/) |
| 64 | + |
| 65 | +* No fees, no signup. Self-hosted server. |
| 66 | +* Requires some maintenance and technical expertise |
| 67 | +* Costs about US$7 per month on Lunanode |
| 68 | +* Requires some channel management for Lightning |
| 69 | +* [Looks like this](https://we.encrypt.cash/apps/2Tq2HKCX5WCAeecjuCdZWpVZWJg2/pos) |
| 70 | + |
| 71 | +[LNBits](https://lnbits.com/) |
| 72 | + |
| 73 | +* No fees, no signup. Self-hosted server. |
| 74 | +* Requires either channel management for Lightning or a custodial API such as OpenNode or LNPay. |
| 75 | +* Lightning-only |
| 76 | +* Primitive PoS |
| 77 | +* Lots of fun integrations and functionality, such as LNURLp for tips, which can go into a separate wallet |
| 78 | +* [Looks like this](https://fast.laisee.org/tpos/4G3zAC2KKoy2TA82x3FWfg) |
| 79 | + |
| 80 | +### Exchanges |
| 81 | + |
| 82 | +[Bull Bitcoin](https://www.bullbitcoin.com/) |
| 83 | + |
| 84 | +* ~1.5% fee |
| 85 | +* Only verifies email and phone number for amounts lower than CA$1,000 per transaction (CA$10,000 per day) |
| 86 | +* Instant interac transfers |
| 87 | +* Minimum payment CA$25 |
| 88 | + |
| 89 | +## Conclusion: |
| 90 | + |
| 91 | +- You're a technically minded business owner who wants to hold their own keys while reliably accepting Bitcoin payments online and offline. |
| 92 | + |
| 93 | +--> **Go run BTCPay!** If you need CAD, go through Bull Bitcoin. |
| 94 | + |
| 95 | +- You want to integrate Bitcoin payments into your online shop and don't want to worry about running a server or manage your own node. You want either BTC or CAD. |
| 96 | + |
| 97 | +--> **Integrate with OpenNode!** |
| 98 | + |
| 99 | +- You run a brick and mortar shop with multiple cashiers or locations. You want CAD or BTC and don't want to worry about servers or nodes. |
| 100 | + |
| 101 | +--> **Sign up with IBEX!** |
| 102 | + |
| 103 | +- You're your own proprietor and sell goods or services in person. |
| 104 | + |
| 105 | +--> **Download Breez** and ask somebody for help setting it up. You can spend your sats directly (e.g. gift cards) or sell through Bull Bitcoin. |
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