Dappos is a free POS (point of sale) app that allows merchants to accept safe, stable cryptocurrencies such as USDC (US Dollar Coin) without any transaction fees. The customer pays a small network fee (a few cents) to send their payment.
Dappos is a web-based app which means that you can access it from a browser on any computer, tablet or smartphone. Accept USDC directly into your Coinbase account, convert it 1:1 to USD and transfer it to your bank all with no fees.
We recommend USDC for use in commerce because it is “issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency.” In other words you don’t have to worry about it losing value.
We recommend Coinbase as your “cryptocurrency bank” because they are based in the USA, are well established with over 20 million customers, are a founding member of the Circle Consortium which issues USDC, and they have the lowest fee structure (there are no fees to buy/sell USDC or to transfer fiat dollars to/from your bank via ACH).
To get started the first thing to do is create a Coinbase.com account and connect it to your bank account. This will allow you to convert your USDC to US dollars and send it to your bank via ACH. You can also transfer funds to your PayPal account. NOTE: to connect to a business bank account you will need a Coinbase Prime account. The signup process can be a bit frustrating and may take a week or so because Coinbase is subject to KYC/AML (Know Your Customer/Anti Money-Laundering) laws and must verify that you are the owner of your bank account. But hang in there, saving on all of those credit card fees will make it worth it!
Once your Coinbase account is ready you can locate your USDC address, set up Dappos and begin accepting cryptocurrency.
In the future we will be offering a premium subscription version of Dappos with additional functionality such as transaction reporting and a 99.95% up-time guarantee.