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Aminian Automated Product Exchange

Bitcoin Transaction Coordinator

Status: Unverified

The Bitcoin Transaction Coordinator allows any NetSuite account to accept Bitcoin as a payment method and a foreign currency.

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Description

NetSuite to Bitcoin Integration

Bitcoin Transaction Coordinator (BTC4ERP) enables Bitcoin services that is seamless, fast, simple and free.  You can now transact with anyone globally at practically no cost and without risk.

Key Benefits

  1. No currency risk: charge $1.00, receive $1.00.
  2. Near instantaneous payment confirmation with no chargebacks
  3. Connect to an array of popular Bitcoin merchant service providers including BitPay.
  4. Transact via eCommerce or via the Backoffice.
  5. Automatic bookkeeping eliminates traditional end of month reconciliation headaches.
  6. Properly account for Bitcoin and report on holding gains and losses.

Customer Quote

BTC4ERP gave us native integration to our accounting for both sending and receiving Bitcoin payments. We couldn’t ask for a better technology partner innovating solutions and taking territory in this powerful new financial space.

– David Fahrney, David Fahney Financial Group, Principal

The Leader In Bitcoin ERP

Bitcoin Transaction Coordinator is the first full-blown ERP integration between the Bitcoin network and a financial system.  The service is a native “Built for NetSuite” application designed to leverage the full power of the NetSuite platform.  Designed by a former Certified Public Accountant and former Enterprise Software Architect, the service represents the best practice for enterprise Bitcoin implementations.

FEATURES

Globally Accept Bitcoin with No Chargeback Risk

Bitcoin Transaction Coordinator allows your business to accept Bitcoin for payment of orders and invoices effectively eliminating typical transaction costs imposed by credit card companies.  Bitcoin instantly allows payment from anyone in the world while at the same time, eliminates chargeback risk.

Bitcoin as a Payment Method with No Fees

With support from leading Bitcoin Payment Processors, such as Bitpay, Bitcoin Transaction Coordinator enables you to accept payment on goods and services without processing fees. If you request to be paid EUR 100, get paid exactly EUR 100. Under this method, accepting Bitcoin is as simple as accepting traditional forms of payment.

Bitcoin as a Foreign Currency

Anticipating global acceptance of Bitcoin, should you want to denominate and / or settle payments in Bitcoin, we treat Bitcoin as a foreign currency. Bitcoin Transaction Coordinator fully automates and creates the appropriate accounting entries in your general ledger including proper Bitcoin “cash” accounting and tracking of foreign currency gain/loss valuations. Your company will be able to make proper economic assessments of your selling and procurement transactions while having the accounting basis and reporting to meet any local regulatory requirements.

Superior Tracking and Security

Bitcoin Transaction Coordinator produces the proper coordination for facilitating trade with customers and vendors by generating payment request communications through eCommerce checkout and template driven emails while ensuring confirmation of Bitcoin receipts, thus eliminating any potential payment fraud. Your company can organize your fulfillment workflows to ship goods and perform services to deliver value to any customer on the planet without the risk of chargebacks.

Simplified Bookkeeping and Multi-Profile Management

Our goal is make Bitcoin processing your preferred payment choice. Bitcoin Transaction Coordinator goes further than traditional bank and credit card processors. Because we are knowledgeable about NetSuite, Bitcoin, and Accounting, we designed the software to utilize NetSuite constructs such as Customer and Bank Deposits. The software creates the appropriate accounting entries designed to minimize your bookkeeping and reconciliation demands. Designed for the enterprise, Bitcoin Transaction Coordinator allows for multiple profiles giving your company the flexibility to drive pricing and logic for different Bitcoin Processors, subsidiaries, customers, products or transaction types.