What is BiTTerm
BiTTerm is a payment terminal developed by Cashless Thailand, enabling online and retail merchants across Thailand to accept Bitcoin and Lightning Network payments easily — without requiring prior cryptocurrency expertise.
BiTTerm combines a hardware terminal supporting QR code payments with software for THB settlement directly to merchant bank accounts. Merchants receive Bitcoin payments; customers pay with regular Bitcoin wallets; settlement arrives in THB immediately.
Why Thai Merchants Should Accept Bitcoin
While Bitcoin isn't legal tender in Thailand, many Thai citizens already hold Bitcoin. According to Chainalysis, Thailand ranks high globally for crypto adoption. Merchants accepting Bitcoin can:
BitTerm POS terminal รับ Bitcoin
- Access a new customer segment holding Bitcoin but unwilling to convert to THB.
- Serve international customers already using Bitcoin globally.
- Differentiate as a modern, forward-thinking business.
- Reduce cross-border card payment fees.
Supports Both Bitcoin On-Chain and Lightning Network
Bitcoin On-Chain
For large settlements (10,000+ THB). Uses Bitcoin mainnet transactions with maximum security. Customers see the merchant's Bitcoin address and amount displayed as a QR code for instant mobile scanning.
Lightning Network
For smaller settlements up to 10,000 THB. Confirms instantly in seconds with near-zero fees. Customers using Lightning wallets enjoy superior convenience, and merchants benefit from faster settlement.
Automatic THB Settlement
After customer payment, the system auto-sells Bitcoin at fair exchange rates. Settlement arrives in the merchant's bank account within 1-24 hours. Merchants face zero price volatility exposure.
ร้านค้าชาวไทยรับชำระด้วย Bitcoin
Key Features
Hardware Terminal
Compact terminal with touchscreen display. Supports QR code display and NFC for mobile wallets. Easy installation — sits on any retail counter.
Merchant Dashboard
Web-based dashboard and mobile app for tracking transaction totals, viewing payment history, downloading tax reports, and configuring settings.
Integration with Existing Systems
BiTTerm integrates with POS systems and e-commerce platforms already in use. API available for developers requiring custom integration.
QR code สำหรับชำระเงิน Bitcoin
Multiple Cryptocurrency Support
Beyond Bitcoin:
- USDT (TRC-20) — Most popular stablecoin.
- USDC (ERC-20 and TRC-20).
- Ethereum.
- Bitcoin Cash.
Setup Steps for Online Merchants
Step 1: Register
Sign up at the Cashless Thailand website or contact the team directly. Complete business information and AML/KYC verification.
Step 2: Connect Bank Account
Link your Thai bank account for THB settlement. All major Thai banks supported.
Crypto payment terminal ณ ร้านค้า
Step 3: Configure Payment Button
For online stores, embed the payment button or QR code at checkout using provided code snippets or plugins for WooCommerce, Shopify, or other platforms.
Step 4: Test
Run a test transaction to verify the system works correctly and settlement arrives as expected.
Fees and Pricing
Transparent fee structure:
- Setup fee — Free for qualifying merchants.
- Transaction fee — 1.5% per transaction (including auto-settlement to THB).
- Monthly fee — Free for transaction volume under 100,000 THB/month.
Compared to alternatives:
- Visa/Mastercard: 2.5-3.5% + fixed fee.
- PromptPay: 1.5-2% + fixed fee.
- Other QR payments: 1.5-2.5%.
Security
BiTTerm prioritizes security for both merchants and customers:
Customer Level
- Every transaction requires blockchain confirmation before settlement.
- Exchange rates sourced from reputable providers (CoinGecko, Binance).
- 5% buffer margin for volatility protection.
Merchant Level
- Cold storage for any Bitcoin merchants choose to hold.
- 2FA for dashboard access.
- Insurance fund for technical issues.
Who Should Use BiTTerm
- Online merchants — Wanting additional payment channels for crypto-holding customers.
- Retail shops in tourist areas — Serving many international customers.
- High-value product sellers — Wanting THB settlement without chargeback risk.
- Cross-border businesses — Frequently receiving international customer payments.
Contact BiTTerm
Interested in BiTTerm for your business?
- Website: BiTTerm product page
- Email: [email protected]
- Phone: Contact Cashless Thailand team
Frequently Asked Questions
What currencies does BiTTerm accept?
Accepts Bitcoin (both on-chain and Lightning), USDT, USDC, Ethereum, and Bitcoin Cash. Settles in Thai Baht (THB) directly to Thai bank accounts.
Do I need Bitcoin knowledge before using BiTTerm?
Not at all. BiTTerm is designed for ease of use similar to standard EDC terminals. Just press to accept payment. Customers pay with Bitcoin wallets. The system handles everything, including auto-settlement to THB.
What if Bitcoin price drops while waiting for settlement?
The system maintains a 5% buffer margin and locks exchange rates from transaction start. Volatility risk is borne by BiTTerm. Merchants receive the agreed THB amount regardless of price movements.
Is there a minimum transaction amount?
No technical minimum, but recommended for transactions of 100 THB or more. On-chain fees become impractical for smaller amounts. For tiny amounts, Lightning Network is more cost-effective.
How long does setup take?
Online merchants can start within 1 business day after registration and KYC approval. Retail merchants requiring hardware terminals: 3-7 business days for delivery and installation.
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