A digital account that holds and secures your cryptocurrency.
A desktop or mobile application that enables you to create crypto wallets that can be used to accept or send cryptocurrency.
An acronym for “Peer to peer”, which means sending or receiving something between two individuals.
A public [wallet] address is a series of numbers and characters that allows a user to receive cryptocurrency. If you were to send money to someone via a traditional, p2p payment app, you would enter the recipient’s account info like username, email address, or mobile number.
The username, email address, or mobile number lets the p2p payment app know who you’re sending the funds to. A public wallet address serves the same purpose for cryptocurrency.
A cryptocurrency exchange is an online marketplace and platform that is used to buy, sell, and trade cryptocurrencies. It’s where you’ll take your dollars (or any other fiat currency), and convert them to crypto and vice versa.
A QR Code can be used within crypto to share a cryptocurrency wallet address. As a cryptocurrency’s public address is a long string of random numbers and letters, it can be easier to use a QR code to share an address for the purposes of receiving or sending crypto.
Credit card processors charge 1.5% to 3.5% per transaction. With Dash, fees drop to a fraction of a cent regardless of your merchant category.
Crypto payments are final and cannot be reversed. Your business keeps every sale and sets its own refund policy on its own terms.
Traditional payments can take days to settle. Dash transactions are confirmed in seconds, giving you access to your funds right away.
Anyone with crypto can pay you from anywhere in the world. No foreign exchange fees, no international wire charges, no borders.
Instant transactionsLow transaction feesWorldwide network of retailers and investors that transact with DashOne of the oldest and most-established cryptocurrencies in existenceSecure paymentsCan accept payments from anyone, anywhere on the planetFound on the largest and most reputable cryptocurrency exchangesUser friendly Mobile DashPay appWhile there are many services available that allow a user to send and receive Dash cryptocurrency, the official mobile app from Dash Core Group is a great starting point. The DashPay is available for both iOS and Android and will allow you to send, receive, and store your Dash. The apps also let you view your balances and transaction history and find merchants and ATMs that support Dash.
To add funds to a DashPay, you can either be sent Dash from your customer or you can buy Dash on a cryptocurrency exchange or at a cryptocurrency ATM. The DashPay is integrated with multiple exchanges to make this as easy as possible.
The Dash network is very unique in that there is even a support team who can help answer questions and guide you through any questions or issues you may experience. Customer service requests can be directed to https://support.dash.org.
To accept a payment, show your QR code or share your DashPay username. Your customer scans it, and the funds arrive in your wallet within seconds.
To send a payment, tap Scan to Send in the DashPay app and scan the recipient’s QR code. You can also send directly to a DashPay username or public address
To buy your first Dash or other cryptocurrencies, you will need to create an account with one of the many available cryptocurrency exchanges. A cryptocurrency exchange is an online marketplace and platform that is used to buy, sell, and trade cryptocurrencies. It’s where you’ll take your dollars (or any other fiat currency) to convert them into crypto and vice versa.
Think of crypto exchanges as stock brokerage platforms such as Robinhood or Fidelity – but instead of using your dollars to buy stocks, you buy crypto. Just like with stock, crypto exchanges charge fees for various types of transactions: trading one crypto for another, selling, buying and withdrawing crypto out of their platform to another wallet. Be sure to know what fees you will be charged by your chosen exchange.
Some exchanges impose a withdrawal freeze period. They will let you trade your newly purchased crypto on their platform immediately but you may not be able to withdraw it to another wallet until some amount of time has passed. Withdrawal freezes are usually associated with purchases made using a bank account (as opposed to a credit card) but be sure to know the policy of your chosen exchange.
Crypto that is purchased on an exchange can be stored with the exchange, withdrawn to another exchange, or transferred to your crypto wallet.
If you’ve decided that utilizing a POS will benefit your processes, finding a system that meets the requirements and budget of your business is essential. Here are several items to consider:
Think about whether you need crypto-only or a combined fiat and crypto system. If you only want to accept Dash, you won’t need a processor that supports hundreds of other coins.
Crypto transaction fees are much lower than credit cards, but some coins cost more than others. Dash fees are a fraction of a cent, making it one of the most affordable options.
Consider whether you need invoicing, transaction tracking, or reporting. If so, choose a processor that offers an app or portal for accessing your data and insights.
Look at the onboarding time and effort involved. Using your own device as a terminal is often easier than installing and maintaining a separate POS device.
