Cryptocurrency FAQ's for Users

Accepting cryptocurrency as a merchant

Cryptocurrency FAQ's for Businesses

Are there any fees for accepting cryptocurrency?

Can I just accept standard payments?

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Can I convert my cryptocurrency with Boof?

Users are not able to convert cryptocurrencies on our platform (as of now) however it is something we plan to incorporate in the future.

You will have to convert it on another platform (such as Coinbase) and have the required coin and amount in the wallet associated with your payment method or Boof account.

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Can I spread my payments with cryptocurrency?

Unfortunately users are not able to spread their payments with cryptocurrency, even as contribution to a payment let alone whole payment.

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Can I make bookings for free?

Anyone can make bookings on our platform without having a membership, and also have access to a variety of our features.

 

However, to access all our premium features such as Traffic Viewing and Rewards, you would need a membership which starts at just £3.99 a month.

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What cryptocurrencies can I pay with?

This all depends on what cryptocurrencies the merchant chooses to accept. 

We will provide merchants with weekly recommendations based on market performance and forecasts, but merchants have the ultimate decision on what cryptocurrencies they choose to accept.

You can always personally recommend a cryptocurrency to your local business.

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Business FAQ's

 

How do I convert my cryptocurrency into GBP?

We don't currently convert your crypto-earnings internally as it is all sent straight into your wallet.

If you want to convert your earnings from cryptocurrency to Fiat currency, you will need to use a third-party platform such as Binance or Coinbase. Converting is fairly straightforward and takes less than 30 seconds at most.

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What do I need to start accepting cryptocurrency?

If you're a merchant and you want to start accepting cryptocurrency as a payment, you'll need a digital wallet first.

A digital wallet is a virtual wallet which holds both fiat currency and cryptocurrency and is one of the most secure wallets in the world today. Some wallets are physical pieces of hardware and most are just virtual.

After setting up a wallet, you're ready to start sending and receiving cryptocurrencies!

If you need any assistance speak to support.

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Can I accept more than one cryptocurrency?

Merchants can accept as many cryptocurrencies as they'd like.

As a merchant, you also have the choice of choosing what cryptocurrency to accept. We recommend stable coins as they hold similar behaviour to fiat currency, such as holding its value.

We will provide weekly recommendations and the latest news on cryptocurrencies to all merchants accepting it as a payment method.

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