• Paxful Pay Point of Sale (PoS)

    Paxful Pay PoS is a payment solution for brick-and-mortar stores to accept payments in cryptocurrency. Merchants can also track store sales through Paxful Pay PoS.

     

    How do I share Paxful Pay PoS with my staff?

    What is the payment process?

    How do conversions to other cryptocurrencies work?

    How do I add a new store?

    Are there any fees?

    Order pricing in local currency

     

    How do I share Paxful Pay PoS with my staff?

    Each store has a unique link and PIN code to share with staff so they have access to Paxful Pay PoS and can serve customers.

    The link and the PIN code should be copied by a merchant and shared with staff at the merchant’s discretion.

    What is the payment process?

    1. A buyer visits a merchant’s brick-and-mortar store and wants to buy goods.
    2. A cashier logs in to Paxful Pay PoS.
    3. The cashier creates an order.
    4. The buyer pays the order using their Lightning BTC wallet.
    5. The order’s invoice is paid.
    6. Funds are credited to the merchant’s Paxful user account (in BTC or USDT by merchant’s choice).

    How do conversions to other cryptocurrencies work?

    Merchants can choose to receive payments in USDT. To do this, they need to contact the Paxful support team. From there, the merchant will see a respective option within Paxful Pay PoS:

    Cashier_App_Conversion_Tab.png

    Conversion process:

    1. Buyer pays in BTC.
    2. Merchant receives BTC into their Paxful user account.
    3. BTC is auto-converted into USDT.
    4. Merchant receives the USDT equivalent of the paid BTC invoice into their Paxful user account.
    5. If the conversion service is down, the merchant will be paid in BTC.

    How do I add a new store to Paxful Pay PoS?

    To add a new store to Paxful Pay PoS:

    1. Log into the app with your Paxful credentials.
    2. Select Create Your First Store.
      Cashier_App_-_Create_Store_Step_2.png
    3. From there, you can enter the store name, location, and icon.
      Cashier_App_-_Create_Store_Step_3.png
    4. After adding the store, it will be displayed within the app with a unique store link and auto-generated PIN code to be shared with staff.
      Cashier_App_-_Create_Store_Step_4.png
    5. Note: You can add as many stores as you want to Paxful Pay PoS.
      Cashier_App_-_Create_Store_Step_5.png

    Are there any fees involved?

    • Service fee: 0%
    • Conversion fee (from BTC to USDT): 0.5%

    Note: These fees are subject to change.

    Order pricing in local currencies

    For orders created in BTC it is possible to also show the equivalent amount in a local currency. 

    1. Log into the app with your Paxful credentials.
    2. Select the Store’s settings
    3. From there, you can choose your local currency.