Wednesday, 10 September 2014 17:12

Vend puts Bitcoins in the till

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Cloud POS provider Vend's latest feature is Bitcoin integration.

By partnering with Bitcoin specialist DC POS, Vend has been able to make it easy for businesses to accept Bitcoin payments over the counter.

"Digital currencies are the future and accepting them through the Vend platform is now as easy as any other transaction," said Vend CEO and founder Vaughan Rowsell.

The software converts the sale amount from Australian dollars to Bitcoin (see above - click the image to enlarge) and then performs the transfer from the customer's wallet to the retailer's.

"Bitcoin is an efficient way to accept electronic payment for goods and services with transaction fees at 0.5%, much less than fees charged to retailers by the big banks," said Mr Rowsell.

He also pointed out that Bitcoins are like cash in that only the merchant can reverse a transaction once it has completed - something to think about before you select Bitcoin rather than Credit at the checkout!

Rohan Carroll, IT manager at Bike Factory Outlet and Vivo Green Café said "We were using Vend in the Café and DC POS in both stores, so it was easy to be one of the first to offer our customers the new Bitcoin integration. It was painless to set up and really simple to use."

He added "we've had a few customers make use of the offering and we're adding ourselves to the Bitcoin registers so more people are aware that we take this form of payment. It's appealing to be a small business able to offer something new and exciting to our customers."

New Zealand-based Vend opened its first Australian office in early 2013.

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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