YES! Absolutely. Our system ensures you will never be in trouble with Johnny Canuck or the CRA. We track market rates and exact time of transfer so you can ensure you know the exact value of the Bitcoin you accepted. These are key metrics the government wants to see when accepting cryptocurrency.
Accepting bitcoin puts you in the center of a community that is constantly looking to support their ecosystem. Here are some of the key, tangible perks:
- Browser based with no need for expensive hardware
- Free to use and cash out with Bitcoin Well
- Proves innovation within your company
We have created a beautiful browser based application which enables you to accept bitcoin absolutely free without having to buy dedicated hardware. Anything with an internet connection will do. Once enrolled you will have to pay the following:
- $0 monthly fee
- 0% transaction fees
- 0% settlement fees
Join the Ecosystem
Accepting bitcoin with the Bitcoin Well Point of Sale simply adds bitcoin to your list of accepted payment methods; it gives your customers options. If the lack of transaction fees, monthly fees or hardware needed aren’t enough, you’ll have all the bitcoin billionaires knocking at your door begging to send you their riches.Enroll
How it Works
It’s quick and easy to accept Bitcoin at your retail (available) or online store (coming soon) with Bitcoin Well. No complicated documents or hardware required. Simply sign up and receive our dedicated browser application available for use on any device with a browser and an internet connection to start processing Bitcoin payments today.
- Customer requests to pay with Bitcoin (instead of credit or debit card)
- Staff member enters the order total in Canadian Dollars
- Customer selects tip option (if enabled) and chooses “Click to Pay”
- A QR code is generated with your store’s secure bitcoin address and order total (at current market value) embedded for the customer to scan for an easy 1 step process at the consumer level
- Staff member confirms “Payment Received” and can choose to send the customer a receipt to their email
Bitcoin transactions are broadcast to the payment network (blockchain) immediately and confirmed within minutes. The Bitcoin transferred is irreversible and cannot be charged back at any time.
FAQs: Buy Bitcoin
Is it legal?
Do I have to keep the Bitcoin I receive?
Bitcoin Well enables you to HODL your newly acquired Bitcoin (and strongly recommends it!) but we also provide services to settle your accepted bitcoin into your bank (in Canadian dollars) within 48 banking hours (or at a dollar value you specify).
Am I at risk of Bitcoin's market fluctuations?
Only if you choose to be. If you choose to have Bitcoin Well settle your payments as they come in you will receive the exact amount of the transaction regardless of the market fluctuations. If you are HODL-ing then you will take on the risk (and the reward!) of bitcoin’s crazy market.