The revolutionary point-of-sale terminal that allows merchants to accept cryptocurrency payments securely, quickly, and easily with biometric authentication.
BinnoPOS is a physical point-of-sale (POS) device specifically designed to process cryptocurrency payments in physical establishments. This device incorporates an integrated fingerprint scanner that allows customers to authenticate payments securely and quickly through their fingerprint.
Developed by Binno, this device connects directly to BinnoChain to process NFC and fingerprint payments, giving merchants a simple way to adopt cryptocurrencies as a payment method in their business.
With just a 0.3% commission per transaction, BinnoPOS offers much lower fees than traditional payment processors, which typically charge between 2.5% and 3.5% per transaction. This translates to significant savings for your business.
Biometric authentication through fingerprint provides a superior level of security compared to traditional methods such as signatures or PINs. This significantly reduces the risk of fraud and unauthorized transactions.
Unlike card payments that can take days to settle, transactions with BinnoPOS settle instantly. Funds are immediately available in your BinnoWallet.
By accepting cryptocurrencies, your business positions itself as innovative and attracts a growing customer base that prefers to use digital assets for their daily transactions.
The merchant receives the BinnoPOS device at no cost and sets it up by connecting it to the Internet and linking it to their BinnoWallet account. The setup process is simple and guided, with no technical knowledge required.
The merchant enters the amount to charge on the BinnoPOS device. The customer can pay in two main ways:
a) Fingerprint payment: The customer enters their Binno username (@username) and places their fingerprint on the scanner. The system verifies the identity and authorizes the transaction.
b) NFC payment: The customer brings their smartphone with BinnoWallet open to the BinnoPOS device to authorize payment via NFC technology.
Once the payment is authorized, the transaction is recorded on BinnoChain and the amount is instantly transferred to the merchant's BinnoWallet. The BinnoPOS device displays a confirmation and can issue a digital or printed receipt according to the configuration.
The merchant can access a dashboard in their BinnoWallet to view transaction history, generate reports, and manage their funds. They can also set up automatic conversion to fiat currency through the Binno P2P Market.
| Feature | BinnoPOS | Traditional POS Terminals |
|---|---|---|
| Additionally, a small commission of 0.3% is charged for each transaction made through the device. | 0.3% | 2.5% - 3.5% |
| Settlement time | Instant | 1-3 business days |
| Customer authentication | Fingerprint or NFC | PIN or signature |
| Device cost | Free (with maintenance fee) | $300 - $1,000 + monthly fee |
| Crypto compatibility | All major networks | None or very limited |
| Developer API | Included | Generally not available or at additional cost |
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Binno has designed a sustainable business model that enables free distribution of BinnoPOS devices to accelerate mass adoption of cryptocurrencies as a payment method in the real world.
BinnoPOS devices will be distributed primarily in regions that demonstrate high potential for cryptocurrency adoption, including:
Join the financial revolution with BinnoPOS and offer your customers a secure, fast, and modern way to pay with cryptocurrencies. Request your free device and start enjoying the benefits of decentralized payments.
Request BinnoPOS More details in the Whitepaper