Intermediate

Accepting Monero as a Business Quiz

Check your grasp of pricing, volatility, point-of-sale, online integration, converting and merchant operations for a business that accepts Monero.

Covers material from Accepting Monero as a Business.

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What is a core settlement advantage of accepting Monero over card payments for a merchant?

A processor insures every payment against fraud The network guarantees the fiat value of each payment Customers can be charged automatically on a schedule without consent Payments are irreversible once confirmed — no chargebacks

A shop wants stable prices in its local currency but accepts XMR. What's the usual approach?

Publish a fixed XMR price and update it manually once a month Price in fiat and convert to an XMR amount at checkout using a live rate Refuse any payment until the XMR price matches the fiat price exactly Ask the customer to guess the current rate and round up

For a small in-person sale, why might a merchant accept it at zero confirmations while a large sale waits?

Large sales require KYC while small ones don't Zero-conf carries a small non-finality risk that's acceptable for low-value but not high-value sales Confirmations make the payment private, which only matters for large sales Zero-conf payments are cheaper for the customer, so only small buyers use them

What lets an online store detect incoming Monero payments without exposing the ability to spend them if the server is breached?

The spend key held in the web application's memory The full seed phrase stored encrypted on the server The customer's wallet password submitted at checkout A watch-only wallet (address + view key), with the spend key kept offline

How does a modern Monero payment processor tell which order a given payment belongs to?

It generates a fresh subaddress per invoice and matches by that subaddress It reads the sender's address, which Monero reveals to the recipient It matches by the exact amount, which is always unique It asks the customer to paste a transaction ID into a form

A customer needs a refund. What's the correct mental model on Monero?

Send a new payment to a customer-provided refund address Cancel the payment if it is still within the 10-block lock Reverse the original transaction from the merchant wallet Ask the network validators to roll back the payment

A merchant wants to minimize exposure to XMR price swings but still accept it. Which treasury approach fits?

Hold 100% in XMR permanently to avoid all fees Only accept XMR on days the price is rising Require customers to pre-pay a year in advance Convert some/all incoming XMR to fiat or stablecoin shortly after receipt

Why is a fresh subaddress per customer/invoice better than reusing one address?

It keeps payments unlinkable to outside observers and eases reconciliation It lowers the network fee charged on each payment It is required or the payment will be rejected It hides the amount, which a single address would reveal

A customer pays slightly less than the invoiced amount (an underpayment). What should a well-designed store flow do?

Take the shortfall from the next customer's payment Wait 10 blocks and the amount auto-corrects Flag it as underpaid and hold fulfillment until it's topped up or refunded The network makes up the difference automatically

Q10

Why keep the store's payout (spending) wallet separate from the invoice-receiving watch-only wallet?

It removes the need to ask for a refund address It makes customer payments confirm faster Hot/cold separation limits loss if the public-facing server is compromised It doubles the privacy of every sale

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