When it comes to accepting digital currencies as a payment method, there are plenty of methods to choose from. Some of these methods require more technical knowledge compared to others, which means your average mom & pop store won’t get into Bitcoin any time soon. SNAPCARD is here to change that, as they offer a simple, elegant and easy way for people to accept digital currency payments.
SNAPCARD – The Team & History
Before we get into the technical details, let’s take a look at the team behind SNAPCARD first. Two like minded people came together and founded SNAPCARD in 2013, as they both had the same goal in mind : help consumers to spend their digital currencies. In order to facilitate that process, a new solution had to be created for merchants to accept digital currencies in an easy and secure way.
The SNAPCARD team consists of over ten people, including one full stack engineer (Jordan Luyke), two lead software engineers (Tyson Malchow and Daniel Thengvall) and two co-founders (Michael Dunworth, who is the CEO of SNAPCARD, and Ioannis Giannaros, who is SNAPCARD’s COO). There is also a CTO (Sam Schlachter) and the operations manager (Jack Jia). Last but not least, none of SNAPCARD’s infrastructure would work without their system architect Juraj Vitko.
February 2014 marks an important milestone in SNAPCARD’s history, as they graduated from the BoostVC Accelerator. While the company also used to offer a Bitcoin Bookmarklet service, they shutdown that service in order to focus on native website integration. As a result of that change, consumers no longer need an external tool to spend Bitcoin and other digital currencies at their favorite stores.
During November of 2014, SNAPCARD ran a campaign called “#IntegrateSF”, during which they handed out free SNAPCARD tablets with their Point of Sale system to local business in the Bay Area in California. Merchants who signed up during this campaign received an additional bonus, as they were offered 0% transactions fees forever.
Snapcard – The Products & Services
SNAPCARD lets their users stores all of their digital currencies in one wallet, making them far more easy to manage and sue as you see fit. However, storing coins is not its only functionality, as you can also use and even buy Bitcoin, Litecoin and Dogecoin with your debit card and/or bank account from SNAPCARD’s Bitcoin Wallet.
Note from the author : A web version of the SNAPCARD Bitcoin Wallet is available forr all users. The iOS version will be coming soon.
But what use would a Bitcoin wallet be if you couldn’t spend your Bitcoin, Litecoin or Dogecoin? Considering there are hundreds of merchants accepting cryptocurrency payments, the SNAPCARD Bitcoin Wallet lets you spend your digital currencies worldwide without having to worry about currency exchange rates.
Last but not least, it is incredibly important for a company such as SNAPCARD to ensure users’ funds is always safe and protected. In order to do so, the company stores 99% of all users’ funds in cold storage, protecting users from financial harm in case the SNAPCARD service would be breached.
You can find more information about SNAPCARD’s Bitcoin Wallet here.
2. Accepting Digital Currency Payments
There are plenty of reasons why you should consider accepting cryptocurrency payments as a retailer. For example, SNAPCARD charges a 0.5% fee per transaction, and guarantees to never charge more than that. If you are a retailer currently accepting other forms of digital payments such as credit or debit cards, imagine how much money you can save per transaction by accepting digital currency payments.
Speaking of accepting currency payments, SNAPCARD has the perfect solutio for any retailer out there. The team has developed a mobile Point of Sale application, which lets you accept offline digital currency payments. Said application supports the three top digital currencies: Bitcoin, Litecoin and Dogecoin.
Retailers with an online presence are not left in the cold either, as SNAPCARD has come up with several online integration tools. All it takes is a few lines of code, and you can start accepting digital currency payments instantly. All of these payment modules come with well-detailed API documentation, which you can find out more about by clicking here.
Advantages of Accepting Digital Currency Payments
If all of the above is still not enough to convince you, let’s take things one step further. As a merchant, you will not feel any of the volatility inherent to digital currency prices. SNAPCARD takes care of automatically converting payments to your local currency, and guarantees retailers will receive the full sales price at all times.
One of the main advantages of digital currency payments is the fact there are no chargebacks and reversals whatsoever. By accepting cryptocurrency payments, you as a retailer eliminate the risk of fraud from your operations. Not only will this save you a lot of time and hassle, but it also allows for a more transparent way of conducting business.
Even though you can accept the top four digital currencies (Bitcoin, Litecoin and Dogecoin) as a payment method, all you need is one tool in order to do so. SNAPCARD helps you open the doors to millions of new potential customers, without you having to spend a single dime on advertising and promotion.
While reversals and chargebacks are impossible with digital currency, it is possible for you as a retailer to refund a customer’s purchase. And it is far less complicated than you might think, as all it takes is a single mouse click. Or if you prefer to do it the alternative way, a few lines of HTML code will do the trick as well.
No longer will you have to wait several days, or even weeks to receive the payment from the sales you made today. Thanks to SNAPCARD’s services, you will receive your funds the next day in your bank account. And all of that for the modest fee of just 0.5%, which means you get your money faster in your bank account, and you pay less fees.
International customers are welcomed with open arms by SNAPCARD, as they will be able to process payouts in more than 20 local currencies as of next week. Not only can retailers expand their business globally, but customers can also shop internationally, as digital currency payments are accept across borders.
Integration & Security
Combining a well-documented API for online payments, and a beautifully designed solution for offline payments, SNAPCARD offers you a variety of tools to start accepting digital currency payments in just a few minutes. Whether you are a small business or a multi-billion dollar company, SNAPCARD has the perfect solution for each and every one of you.
Setting up an account literally takes up a handful of minutes of your time, and once your bank account has been linked to your SNAPCARD account, the payments will start coming in on a daily basis. And in case you run into a snag, the support team is available 24/7 to help you start accepting digital currency payments in no time.
But there is more, as SNAPCARD also provides you with real-time analytics to monitor transactions and payments. You can even export a CSV file and import it into your existing software package. SNAPCARD is here to make life easier for you, and they will guide you every step of the way.
Account security plays a pivotal role, and in order to ensure your account is absolutely safe, the entire SnapChat website runs over encrypted SSL. All of your information is secure, so you can relax while using the SnapChat website and any of the services being offered by the platform. No worries, no headaches, and most importantly, no account issues.
SNAPCARD Brand Ambassador Program
Earlier today, SNAPCARD made an official announcement in regards to their SNAPCARD Brand Ambassador Program. The idea behind this program is to “enlist” the digital currency community in order to spread merchant adoption everywhere. By actively promoting digital currency, participants will be rewarded for all of their hard work.
The SNAPCARD Brand Ambassador Program is a network of digital currency advocates all across the United States, who are spreading merchant adoption in their cities. In order to achieve their goal, SNAPCARD gives participants the necessary tools they need to promote digital currencies, and incentivizes these participants by rewarding them for every merchant they bring to the SNAPCARD platform.
So far, SNAPCARD Brand Ambassadors are en route in San Francisco, las Vegas and New York City. However, more helping hands are always needed and welcomed, so if you want to bring the digital currency revolution to merchants near you, sign up for the SNAPCARD Brand Ambassador Program right now.
Website : https://snapcard.io