Bitcoin Forum

I have a new website: shirtsby.me that I'd like to accept bitcoin payments on. Browsing the forums I've found utilities like bitcoinpayflow which I could use to handle the actual processing, although I'm sure I'd rather handle all that myself. My main concern is fluctuation in the currency's value. I see there's a JSON-api from bitcoincharts.com with some weighted prices. Is this generally what businesses are using to calculate their exchange rates?

Cool, good luck mate.

Magneto is a web-site payment system with integration into a bunch of platforms, you can get it here:  http://www.magentocommerce.com/

A forum member wrote a Megneto payment module that accepts BTC:  https://github.com/ticean/magento-bitcoin

If I wanted to accept Bitcoin payments on a website, the above is how I would implement it.

If you'd like this setup for you, PM me, I'm available for consulting.  I accept USD or BTC as payment.

Or if you are crazy and like to write code (and if you have coded the website yourself) :

• Install the bitcoin client on your server for create a wallet and run the daemon for make transactions.
• Deal with Mt.Gox API (curl only with PHP, json_decode don't work) for check the current price of last trade in dollars. For example, make a CRON that will check the price and convert all prices on the website or stock the current price and convert in live products prices.
• For payments, give an new payment address for each transaction and wait the customer pay by check how many bitcoins sent to new address and at least 1 confirmation (average, 10 minutes).
  

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I do almost the same thing for my gambling website (http://www.flushr.biz). Good luck! ;D

Doesn't the constant fluctuation make BTC hard to use for retail? 

Not if you update the price a few times per day, with the value of the bitcoin in dollars on the market. (convert in BTC the products price in dollars with the Mt.Gox API for example).

Oh neat, a Magento module. :D I'll have to see about getting that installed at work.

I think this is how I'll go about it, but it's probably better to use bitcoin chart's numbers than MTGox, right? Maybe both for a sanity check.