Modernizing Retail with Crypto Payment Solutions
Learn how retail businesses are embracing cryptocurrency payments to attract new customers and streamline transactions.
Industry Overview
Retail covers physical and online stores selling goods, from small boutiques to large franchise chains. It’s driven by customer convenience, cost efficiency, and brand consistency.
Challenges in the Industry
- High payment processing fees (e.g., 2-3% per transaction).
- Slow adoption of alternative payment methods.
- Managing payments across franchise locations.
- Customer demand for innovative, tech-forward checkout options.
How Big White Pay Helps
Big White Pay’s APK integrates with Android-based self-checkout terminals and POS systems, allowing customers to scan QR codes and pay with crypto. The white-label service lets retail chains brand the platform, ensuring a consistent experience across franchises while centralizing transaction monitoring. AML/KYB compliance reduces fraud risks, and on/off-ramping simplifies crypto-to-fiat conversion for retailers.
Key Benefits
- Reduced transaction fees by up to 30% compared to card payments.
- Enhanced brand loyalty through innovative crypto payment options.
- Real-time transaction visibility for franchise networks.
- Secure, compliant crypto transactions.
Use Case Example
Real-World Application
A retail franchise with 50 stores implements Big White Pay on self-checkout screens. Customers scan QR codes to pay with Ethereum. The franchisor monitors all transactions via a branded dashboard, ensuring compliance and reducing payment processing costs by 25% across outlets.