Accept Bitcoin payments in the UK: in store, online and by invoice
CoinCorner Checkout lets a UK business accept Bitcoin payments in three ways: in store through the Checkout app, online through a payment gateway, and by email invoice. The fee is 1%, each payment is converted to pounds or euros straight away, and there are no chargebacks. Checkout is provided by CoinCorner Ltd, an Isle of Man company registered with the Isle of Man Financial Services Authority since 4 May 2016 (register entry).
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CoinCorner Checkout at a glance
- 1% fee on each payment taken through Checkout
- Pounds or euros each payment is converted at the moment it is paid
- No chargebacks a Bitcoin payment cannot be reversed through a card scheme
- Till, web, invoice three ways to take a payment from one account
Fee and features as published on CoinCorner's Checkout page, read on .
How CoinCorner Checkout works
Every payment follows the same four steps, whichever way you take it. The diagram at the top of this page shows the same sequence.
You create a payment request
Ask for the payment at the till in the Checkout app, on your website through the payment gateway, or by sending an invoice by email.
The customer pays in Bitcoin
The customer pays the request from their own Bitcoin wallet.
Checkout converts the payment
The Bitcoin is converted to pounds or euros at the moment of payment, and the 1% fee applies. From then on, a change in the price of Bitcoin does not change what your business is owed.
Pounds or euros arrive in your business account
The converted amount is credited to your CoinCorner business account in pounds or euros.
Two answers to get before you rely on it
- Which networks your customers can pay on: the main Bitcoin chain, the Lightning Network or both.
- How quickly pounds or euros move from your business account to your bank.
Neither is on CoinCorner's product pages, so talk to the business team and ask for the answers in writing.
Three ways to take Bitcoin
One Checkout account covers the till, the website and the invoice. CoinCorner publishes a single Checkout fee of 1% and lists no separate rate for any of the three.
In store: the Checkout app
At the counter, staff use the CoinCorner Checkout app to request each payment. It is the Bitcoin point of sale: the customer pays from their own wallet and the sale is converted to pounds or euros.
You need a business account and a device that runs the Checkout app.
Online: payment gateway, plugins or a bespoke integration
On a website, Checkout works as a Bitcoin payment gateway. CoinCorner says plugins are available for online shops but does not name them, and a developer can build a bespoke integration from the CoinCorner API documentation.
You need a business account and either a supported plugin or a developer.
By email: Bitcoin invoices
If you bill customers instead of selling at a counter, send a Bitcoin invoice by email. The customer pays the invoice in Bitcoin and your business receives pounds or euros. It suits any firm that already works from invoices.
You need a business account and the customer's email address.
Checkout also accepts USDT (Tether) online and by email invoice, according to CoinCorner's business page, which makes it a crypto payment gateway in the wider sense. USDT at the till is not mentioned there.
Pricing: a 1% fee and what it covers
Two sets of charges matter: the Checkout fee on each payment, and the charges of the business eMoney account that holds your pounds and euros.
| Charge | Amount | When it applies |
|---|---|---|
| Checkout fee | 1% | On every Checkout payment |
| Business eMoney account, Standard | From £10 a month | Monthly minimum, plus 25p per transaction |
| Business eMoney account, Enterprise | From £100 a month | Monthly minimum, plus 25p per transaction |
| Opening a business account | No fee | No minimum balance either |
| Conversion spread on Checkout payments | To be confirmed | Not published |
| Payout from the business account to a bank | To be confirmed | Not published |
Last reviewed: . Figures read from coincorner.com on .
Checkout fee
Checkout charges 1% of each payment. As an illustration only, a £250 sale costs £2.50 in Checkout fee. CoinCorner does not publish a conversion spread or a payout fee for Checkout, so the 1% may not be the whole cost of a sale. Ask for both figures before you compare Checkout with what your card provider charges.
Business account charges
Pounds and euros sit in a business eMoney account: Standard at a £10 monthly minimum or Enterprise at £100, each plus 25p per transaction. CoinCorner describes this pricing as “inclusive of trading fees” but does not say which fees, or whether every Checkout merchant needs one of the two accounts.
The full schedule of CoinCorner fees sets these beside the charges for buying and storing Bitcoin.
Settlement in pounds or euros
Checkout converts each payment to pounds or euros at the moment it is paid. From that point your business is owed a fixed amount in its own currency: a fall in the price of Bitcoin an hour later is not your loss, and a rise is not your gain.
Business accounts are multi-currency and can hold pounds, euros, Bitcoin and USDT. Whether Checkout can leave part of each payment in Bitcoin, for a business that wants to keep some, is not stated on the live pages. Euros are an account currency here; this page is written for businesses in the UK and the Isle of Man.
The pound and euro balances are electronic money issued by Mercury Foreign Exchange Limited, which is authorised by the FCA (FRN 900858); CoinCorner Ltd is its distributor. The funds are safeguarded in segregated accounts but are not covered by the Financial Services Compensation Scheme. Read how balances and Bitcoin are protected.
Where the money lands
- Pound accounts
- Sort code and account number
- Euro accounts
- IBAN and BIC
- E-money issuer
- Mercury Foreign Exchange Limited, FRN 900858
- FSCS cover
- None; funds are safeguarded
Lightning payments and contactless cards
The Lightning Network is a payment layer built on top of Bitcoin. A Lightning payment usually completes in seconds and the network fee is usually small, which suits a queue at a till far better than waiting for a confirmation on the main chain. The guide explains how Lightning payments work.
The Bolt Card shows the customer's side of it. It is an NFC contactless card that pays over the Lightning Network using LNURL, so the customer taps a card instead of scanning a code. CoinCorner describes it as “the world's first contactless Bitcoin Lightning card”; that is the firm's own description. The card's open specification is written around payment at a merchant point of sale.
Whether your own Checkout set-up accepts Lightning payments and card taps is the network question from the steps above. The glossary explains Lightning invoice, LNURL and other terms.
Who uses it
CoinCorner's business page names the six sectors listed here. The same page says more than 4,000 businesses have signed up. That figure is CoinCorner's own count and has not been checked independently.
One client is named with a date. Candy Jets, a private jet charter company, has accepted Bitcoin through CoinCorner Checkout since 2024.
What these businesses share is customers who already hold Bitcoin and would sooner spend it than sell it first. If few of your customers hold Bitcoin, Checkout adds a way to pay that will rarely be used.
Sectors named by CoinCorner
- iGaming
- Aviation
- Charities
- Retailers
- Sports clubs
- Luxury goods
CoinCorner business page, read on .
Opening a business account
Checkout runs on a CoinCorner business account. Opening one costs nothing and there is no minimum balance, but expect identity checks before the first payment.
What to expect
- Checks on the company and the people behind it. Expect to be asked for company documents and identification for owners and directors.
- Multi-user access, so more than one member of staff can use the account.
- Balances in pounds, euros, Bitcoin and USDT in one account.
- No account opening fee and no minimum balance.
What is not published
- How long opening takes. The live site gives two different figures, so neither is repeated here.
- Support hours or a direct phone number for businesses.
The same account lets you buy Bitcoin for your business with pounds. CoinCorner also offers OTC trading, transaction management and Vault custody for a business treasury.
Bitcoin payments compared with card payments and self-hosted gateways
Checkout is one of three routes a business can take. Each one carries a cost the others do not, so the table gives the drawback of every option, including this one.
| What to compare | CoinCorner Checkout | Card payments through an acquirer | Self-hosted open-source gateway |
|---|---|---|---|
| Processing fee | 1% per payment | Varies by provider and card type; no figures are compared here | No processor fee; you pay for hosting and your own time |
| Who runs it | CoinCorner hosts it | Your acquirer and the card schemes | You run the server and keep it updated |
| What you receive | Pounds or euros, converted at the moment of payment | Your account currency | Bitcoin, unless you arrange the conversion yourself |
| Chargebacks | None | They exist: a cardholder can dispute a payment | None |
| Who can pay | Customers who hold Bitcoin, or USDT online | Customers with a card | Customers who hold Bitcoin |
| Main drawback | You rely on one provider, and the spread and payout fee are not published | Chargebacks, and fees that vary | You carry the technical work, the price movement and the bookkeeping |
No competitor prices and no rankings are given: card fees depend on your provider and on what you sell. The Checkout figures are CoinCorner's, read on .
Bitcoin payments: common questions
Six questions that UK business owners and finance leads ask before they accept Bitcoin payments online or at the till.
How much does it cost to accept Bitcoin payments?
CoinCorner Checkout charges a 1% fee on each payment, so a £250 sale costs £2.50. A business eMoney account has its own charges: a £10 minimum a month on Standard or £100 on Enterprise, plus 25p per transaction. There is no account opening fee and no minimum balance. A conversion spread or payout fee, if there is one, is not published, so ask before you sign up.
Can a Bitcoin payment be charged back?
No. A confirmed Bitcoin payment cannot be reversed by the payer or by a bank, which is why CoinCorner lists no chargebacks as a feature of Checkout. The other side of that is yours to manage: if a customer is entitled to their money back under your terms or under consumer law, you send the refund yourself as a new payment.
How do refunds work?
A refund is a new payment from you to the customer, because the original Bitcoin payment cannot be pulled back. Decide in advance whether you refund the pound value of the sale or the Bitcoin amount received, and say so in your terms. CoinCorner's pages do not describe a refund tool in Checkout, so confirm the steps with the business team.
Do I have to hold Bitcoin?
No. Checkout converts each payment to pounds or euros at the moment it is paid, so your business does not carry the price of Bitcoin after the sale. A business account can hold Bitcoin and USDT as well as pounds and euros if you want it to. Whether Checkout can leave part of each payment in Bitcoin is not stated on the live pages.
How is a Bitcoin sale treated for tax and accounting?
A sale paid in Bitcoin is still a sale. HMRC's guidance says VAT is due in the normal way on goods or services sold in exchange for cryptoasset exchange tokens such as Bitcoin, valued in pounds at the point of the transaction, and its Cryptoassets Manual sets out the detail. Because Checkout converts at the moment of payment, each sale has a pound amount. This is general information, not tax advice: ask your accountant.
Can I accept stablecoins as well?
Yes, for online and invoice payments. CoinCorner's business page says Checkout also accepts USDT (Tether) online and by email invoice, and a business account can hold USDT next to pounds, euros and Bitcoin. USDT at the till through the Checkout app is not mentioned. USDT is a cryptoasset, so the risk warning at the top of this page applies to it too.
Questions about logging in, limits or moving money out are answered with the other account, login and withdrawal questions.
Related guides and pages
Background reading for whoever signs off the decision.
Regulatory information
Two companies stand behind a Checkout payment. One provides the Bitcoin service and the other issues the electronic money, and they are overseen in different ways.
Who provides Checkout
CoinCorner Checkout is provided by CoinCorner Ltd, an Isle of Man company (company number 129003C) whose registered office is 18c Carrs Lane, Tromode, Douglas, Isle of Man, IM4 4RG. CoinCorner Ltd is registered with the Isle of Man Financial Services Authority (register entry) as a designated business under the Designated Businesses (Registration and Oversight) Act 2015. The date on the register is 4 May 2016.
That registration means oversight for anti-money-laundering and counter-terrorist-financing compliance only. It is not a licence. CoinCorner and investments in cryptoassets are not regulated by the Financial Conduct Authority, are not covered by the Financial Ombudsman Service, and are not subject to protection under the Financial Services Compensation Scheme.
Who issues the pounds and euros
Pound and euro balances are electronic money issued by Mercury Foreign Exchange Limited (England and Wales, company number 06445887), which is authorised by the FCA under the Electronic Money Regulations 2011 (FRN 900858) to issue electronic money and provide payment services. CoinCorner Ltd acts as its distributor.
E-money is held in segregated accounts and safeguarded, but it is not covered by the Financial Services Compensation Scheme. The authorisation is Mercury's: it does not cover CoinCorner's Bitcoin services.
Nothing on this page is investment, tax or legal advice. Bitcoin and USDT are cryptoassets, and their value can fall as well as rise. See the registrations and e-money arrangements of each company, read about the company that provides Checkout, or follow the complaints procedure if something goes wrong.
Take Bitcoin at the till, online or by invoice
Open a business account, choose how you want to be paid, and receive pounds or euros for a 1% Checkout fee.