Think of it as Digital Cash and Easy Accounting

Accept Bitcoin

shoppingcart

1. Order is placed

Bitcoin Transaction Coordinator maintains Bitcoin currency exchange rates so your local prices can be viewed in equivalent number of Bitcoin.

2paymentrequest

2. Payment is Requested

Bitcoin Transaction Coordinator creates a Bitcoin Payment Transaction request driving a customer checkout web page along with email communications that include:

  • unique payment address for the transaction
  • payment amount due
  • QR Code with payment details
3paymentsent

3. Payment is Received

Bitcoin Transaction Coordinator ensures receipt of Bitcoin payment and routes settlement funds to the appropriate bank account or Bitcoin wallet.

4Booksupdated

4. General Ledger is Updated

Not to be under emphasized, Bitcoin Transaction Coordinator updates the General Ledger with the appropriate bookkeeping so that your financial system matches reality.

Pay with Bitcoin (under development)

1bill

1. Bill Entered

Bitcoin Transaction Coordinator maintains Bitcoin currency exchange rates so amount owed in local currency can be converted and paid with Bitcoin.

2paymentrequest

2. Payment is Sent

Bitcoin Transaction Coordinator creates a Bitcoin Payment Transaction request that routes payment to the vendor.

4Booksupdated

3. General Ledger is Updated

Bitcoin Transaction Coordinator updates the General Ledger with appropriate debit and credit entries so that the general ledger balance matches Bitcoin’s public Blockchain balance.