What is Binance Pay?
Binance Pay is a secure and user-friendly payment service backed by Binance, one of the world’s largest cryptocurrency exchanges. It allows users to manage their cryptocurrency assets and conduct transactions directly from their Binance account. Think about a bank account whereby users can send funds without paying any fees.
What is Pundi X and XPOS?
Pundi X is a company that provides cutting-edge point-of-sale solutions, enabling brick-and-mortar retailers to accept cryptocurrency payments from customers. The company’s XPOS devices have been deployed in over 30 countries, including Turkey, Brazil, and Japan. The technology behind XPOS is based on blockchain, making it a highly secure and efficient payment processing system. With XPOS, retailers can offer their customers a smooth transaction experience, which has led to widespread adoption of the technology worldwide.
How to accept crypto payments from Binance Pay as a XPOS merchant?
As an XPOS merchant, you can accept crypto payment when your customer is using Binance Pay. Here is a step by step guide on how to accept crypto payment from Binance Pay:
- First, log in to your XPOS device as a merchant.
- Once you have logged in, select the Cashier Pro option from the main menu.
- Enter the fiat amount you wish to receive as payment from your customer.
- Next, choose the “Binance Pay” option from the list of available payment methods and click the “->” button to proceed.
- Ask your customer to open their Binance Pay app and click on the “Scan” icon.
- Use your XPOS device to display the QR code on the screen.
- Your customer should then scan the QR code using their Binance Pay app.
- Once the payment is made, you will receive a payment confirmation notification on your XPOS device.
- The payment will be settled in USDT and will be accessible in your account under the XPOS merchant portal.