The Loko Terminal is a small-scale handheld device that utilizes the latest technology to facilitate the buying of cryptocurrencies like Bitcoin. However, it is not a POS device and will only handle the sending of crypto to customers. It also has built-in features including a scanner for reading QR codes and a printer for printing receipts.

Nothing! There is no upfront costs and no rental fees to host a Loko Terminal. Free, forever free to host!

You can earn unlimited commission from transactions! We also offer free advertising for your store location once you sign up to be a partner. In addition to increased foot traffic, it is a great opportunity to boost your bottom line at no cost.

Currently, customers can buy Bitcoin, Litecoin, and Ethereum on the terminals.

The Loko Terminal is a portable handheld device that is designed to be a hassle-free addition to your checkout counter. It does away with the bulk of ATMs and takes up minimal space on the counter. There is no cash box involved, so it does not pose as a security risk for theft or break-ins. Not to mention that Bitcoin ATM provide only fix amount, limited earning potential, whereas Loko Terminal offers unlimited earning potential.

Whenever there are transactions completed at the store, Loko will send a statement to you that day. On the statement, you will be able to review a breakdown of customer transactions, commission earned, and balance owed to Loko. You keep the commission from transactions and send Loko the rest as expenses (i.e. sell first, pay later). You can also review the numbers in real time by logging in to the Loko dashboard with your user account once you sign up.

Typically, you will have 72 hours from receiving a statement to settle outstanding balances. You can also authorize ACH transactions with your bank to allow for auto debit payments whenever you feel comfortable with the procedure. This simplifies the settlement process and eliminates the need for manual payments.

Cash, debit card, and Zelle are currently accepted. No credit cards.

To comply with California digital kiosk trading laws, the personal trading limit is $1000 daily.

The purchase of cryptocurrency is not subject to sales tax as cryptocurrency is considered to be an intangible asset.

No, there will be no new business license requirements. Loko Technologies LLC is fully licensed to do business in the US.

In terms of income taxes, you are only responsible for the commission earned from the customer transactions. The portion you transfer to Loko will be a part of your expenses via invoicing. You will also receive a summary report that shows total commission earned over the course of the year.