Bitcoin Forum

Have anyone tried their service? www.paybear.io
Been planning to integrate crypto payment for my small online shop and I find this site offering lower fees than current payment gateway right now in the market. Have anyone of you tried their service? They are just starting don't know if it'll be a good option for me to accept cryptocurrency. An advice would be helpful. They claim to have the lowest fees.

P.S. Would love to have your opinion about this. Thanks

https://i.imgur.com/9l36rkT.png

Hello OP, I had been following their progress on telegram. https://t.me/paybear And they seem to have good potential as SaaS currently they have tied up with MarketDao and got retweeted by Litecoin. Maybe joining them on their telegram would help answer some of your questions.

I hope they will launch an ICO for me to invest.  ;D

Thanks, men. Will look on their telegram to see what their team is about. Would love to use their service if I found their team to be great. any other opinion guys? Would love to hear if this service is legit or not. Thanks

The Team

Tushar Singh
CO-FOUNDER, CEO

Ivan Semin
CO-FOUNDER, CTO

Dmitriy Kataskin
BLOCKCHAIN ADVISOR

Dmitriy Krishtal
BLOCKCHAIN DEVELOPER

Ilya Aleshev
FRONTEND DEVELOPER

you can see all team members on their site: https://www.paybear.io


they are new and in the who is has no information of them and this is a little strange, honestly I would leave at least 6 months before using this service of that site. let them operate for 6 months and then see people's feedbacks and if they have good feedbacks you use their service

I'd agree that it's safer to give it some time and wait for feedback. If in case this is legit though, I am sold with the concept of stable coin prices while using the blockchain technology.

Do they have an ICO where I can buy tokens?

No. But according to their youtube intro video[1], they may launch one soon.

[1] https://www.youtube.com/watch?v=XU1q4Lx_kzE

I just did a trial payment using their website and it was quite cheap and fast indeed!

I had been lurking on their telegram group and I think they seem to have a good future. The team even shared this. https://www.reddit.com/r/paybear/comments/7zheys/paybear_makerdao_partnership_announcement/

Is this a good sign for the project?

Yeah maybe, its yet too early but they seem to have a good team behind. They're just starting things. As slow death said, give them some time before you jump in. Or do test transaction on their website. They claim to have the lowest fee than the other competitors. https://www.paybear.io/pricing

Paybear or Bitpay? Paybear is definitely way more cheaper in terms of transaction fees, but seems a bit more complicated to set up (I have no experience in coding). Any thoughts?

I'd go with what benefits users/customers the most which is a service with lower fees. I see some potential in Paybear because of this.

With Paybear's partnership with Makerdao, I am hoping to see some good results coming out of this in the near future. I believe that unstable prices is one of the reasons that keeps other  investors out of Cryptos.

So far I see that Paybear is a legit  payment platform and hope that I am right  about this.. Excited to see how stable coin/DAI will unfold in the future.

Paybear stands trending ICO on BetaPage, I think its a good sign for them.

Which other payment gateways (apart from "BitPay" that you mentioned on your other post)?

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That's in comparison to "Stripe" and "PayPal". In general, "crypto" payments are always cheaper (except for periods of network overload) than the other two methods (since they choose fees, based on the amount that's being transferred).
- In addition to those: Their 0% service fee on "Beta" stage, might change upon completion of the stage:

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Not a fan of "BitPay" and since "PayBear" it's a new service on this field, I recommend the following instead (for the time being):

1. Shifty Button (https://info.shapeshift.io/tools/shifty-button) (My personal favorite).
2. CoinPayments (https://www.coinpayments.net/merchant-tools)
3. CoinGate (https://coingate.com/merchant-api)
4. Blockonomics (https://www.blockonomics.co/)

I have checked all you have suggested. Here's my thoughts.

1. Shifty Button - I think this one is the most user friendly IMHO, I will dig deeper on it because I can't find their actual cost per transactions.
2. Coinpayments - Nah, I'll pass on this. CS sucks as we know it.
3. CoinGate - Not noob friendly, I don't know much about API's and stuff.
4. Blockonomics - Never heard of this.

I know Paybear is new in this market, but their team is very supportive. And their website, is a bit more enticing. LOL  ;D
Bitpay on the other hand, claims to charge only 1% but it isn't true. IMO, they're charging more than that.

I guess the only difference between Paybear and other gateways is that Paybear is still new. Still eyeing Paybear because of its much cheaper fees though. Will see how things go.

Yeah I also think it that way. Been on their telegram group of paybear and in fairness to the team. They are very responsive and will be glad to answer any of my queries.

Not surprised why Bitpay isn't recommended lol. Took a peek in the Shifty Button page and found that it was indeed user-friendly in terms of talking about how things work, but what I wanted was an actual comparison of fees which wasn't there. Paybear explains the fees well, but I need to take a second look at the APIs since I too am not so good with those.  :P

Chatted with one of the Paybear staff directly from their website and they helped explain about the codes. I like how they are making things easy with staff available to chat with.

I haven't heard much about Paybear as well, but its partnership with Makerdao and the fact that it got retweeted by Litecoin puts them in a favorable position. I like how they are lowering their fees to technically nothing.

Well I'm in doubt with its "the lowest in industry" slogan since the FAQ on their website indicates this and they are still on the BETA phase.
https://i.imgur.com/UFfTJyl.png

If they would be true with their promise then paybear would became successful like any other services right now in the market.

It's normal for people to be skeptical especially since Paybear is a new service. I'm fairly neutral about it and will wait for reviews after a few months.

Well for me this is a good sign for their team. Bitcoin Gold announces the partnership with paybear, it seems all are looking good for them.

https://i.imgur.com/EbD102G.png (https://twitter.com/bitcoingold/status/969676593865084930)

I just wonder if how many merchants have used Paybear's API since it has started?

Follow Paybear on twitter (https://twitter.com/PayBeario) There are few merchants who have added their API one of them is ShopMFB (https://twitter.com/shop_mfb)

Good news indeed. I hope that Paybear will be true to  its word with its cheap fees even after it becomes popular.

I haven't much about Paybear probably because it's still new.  Will see how it goes in a few months or so as I think this new payment company is good for business.

They seem to be quite here on Bitcointalk, I don't know if they have even an Announcement thread or a Sig/bounty campaign. Paybear seems to be promising but I think they lack people's awareness of their product.

Maybe because they're just isn't legit? I have looked into their website and they seem to good to be true. The service they offer is at 0%? Don't know but I think they aren't legit for me.

LOL. Think again. Paybear didn't say the 0% is forever, take a look again to their website. The 0% service fee you're saying is just for the intro or beta period of the service. After that they'll be asking a service fee but lesser than its competitor right now.

I guess you need to read their faq since they never mentioned that their fees will stay 0% forever. They have also gotten quit a bit of attention lately due to partnerships with known companies and merchants.

Well that's their main focus right now, the recent tie-up with maker dao is something that makes them trustworthy. Another thing is that their twitter got retweeted by BTG amd Litecoin.

Them getting retweeted by Legit people is a good thing, but we shall see whether or not they are worth our trust in the months to come.

I too have made the move, thanks to this group! Big thanks to this community & big thanks to paybear.io for making this possible. I had integrated their API and hoping to get more into cryptocurrency.

Really not good with coding. Is there anyway that Paybear staff can do it for us or at least make things simplee by talking over the phone for instructions?

That's a good move. But I think you're a little late in cryptocurrency buddy. I think more a more people will be involve to cryptocurrency with these kind of services and not just junk coins relying to coin offerings and coin selling.


Yeah, they can help you just contact them directly on their website.

Is there service legit? Paybear seems to be new in this kind of services? I have checked their team members and advisors don't know if they are legit or not.

They seem to be legit. Their website is clean and the error free. And the blockchain/advisory team seems legit. Got one problem though, when I clicked they facebook page, it leads to nothing.

Yeah. I think so. Basing from their twitter page a lot of merchants have adopted their API. You might want to check their twitter and you'll see a bit of legitimacy.


Don't know about their FB page. I also checked it and nothing appeared, I'll ask them on telegram what happened to paybear's official fb page.

They indeed seem legit based on their Twitter page https://twitter.com/paybeario?lang=en seeing a lot of merchants have used their API and so far, no bad feedback.

Thanks. I have asked because I'm planning to integrate paybear's api to to my website. And I'm wondering, are there any 'dummy' information I can use at checkout to simulate a normal one for testing purposes?

I'm curious if there are any Paybear staff that are active in these forums as well.. I think it would be nice to get some answers directly from them.  :)

Its been a long time since I have checked this thread and no staff has arrived to answer any concerns of their services. You might just go directly to paybear's telegram or twitter account to clarify any queries you have in mind. BTW, what's your question I might be able to help you?

had the same thoughts since it would be advantageous for marketers or staff to be involved with people in these forums.  ;) Anyhow, It's good for them to have supporters here at least.  ;D

I'd like to test one out as well to identify potential issues before going live with it, but not sure if this is possible though.

You can test it out. The API is live and running, you can try with small amounts to test their service. So far some minor issues arises but they are being solved by the admin's of paybear. Been reading on their telegram group.

Hello, do I need to build the UI by myself?
I remember that BitPay and BTCPay offers a default UI that can be used directly. Does PayBear offer similar UI?

Great service and project. BTK and Paybear will be something big in the making. <3

I don't expect to win with more than a thousand re-tweets lol. I do like BTK, its highly active & passionate dev team and hope that it will be considered as part of PayBear's accepted coins soon...

I'm currently at PayBear's page right now and looking at the fee comparison against PayPal and stripe. With fees that are 204x cheaper, I'm really hoping that many merchants will have us customers in mind and give Paybear a try..

nice.. how much is 10,000 BTK worth? tried looking it up but can't find its exchange value just yet. Anyhow, it's been awhile since I've seen any new tweets from Paybear... looking forward to updates

Do they provide support for Shopify? It's a large ecommerce platform so I would assume that they do...

they've mentioned on their faq page that they don't have support for shopify, but they have some form you can fill out to request for one.. not sure how it works though.

I think they currently support woocommerce, opencart and prestashop.. I have already talked with them about shopify as well but no eta as of this time. They are very responsive in telegram. You might like to chat directly with their staff.

Its been a long time since I visited this thread and I'm not seeing much of a support from paybear's team. Don't know but they seem inactive on Bitcointalk.

I haven't really noticed them actively answering questions here on Bitcointalk.. would have been awesome  ::) I can see that they are pretty active in telegram though.

Yeah, All queries should be directed to their telegram group because they don't focus on ICO right now. What can I see from their telegram group is merchants asking for help integrating their API. Maybe when they launch their token, some of the admins will be active here.

I guess they will be active once their admins will officially announce the launch. I really hope that most merchants (like steam) will use PayBear in the near future for the sake of their customers. <3

If DAI is really going to be around soon, It would be really awesome to pay for something at 1:1 against the dollar with all the benefits of blockchain... not to mention the cheapest fees.

So when this launch will be? Their website don't have any tentative date for their token launch. I hope it'll be soon enough as people here don't get any answers from their questions about paybear's service.

As I have said, they don't focus much about the ICO and their token right now. Paybear's priority is getting more merchants on using their product.

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Yeah they don't have any tentative date for the ICO launch, but basing on their roadmap it'll be in the last quarter of 2018.

Many (including me) are interested the future ICO. I do agree that it would have been great to discuss it (even unofficially) with a Paybear staff to just keep the interest rolling until the launch. just my 2 cents

Well that's a long wait. I thought paybear's ICO is in the first quarter of 2018, I see they have already starting marketing their service, but I hope, they will also be focusing on their ICO.

Have paybear made a tie-up with BTK? To be honest, I don't see good about BTK because they're only a fork, plus I don't see any option in their integration for bitcoin token.

Why do say so? Just look at BCH right now.  All of this forks are meant to make more BTC reliable, as for the paybear's project they have a neat and attractive website. Might as well wait for their ICO.

Their latest post on Twitter suggested that PayBear has not yet added this coin. BTK devs are activitely trying though and I see lots of support from the BTK community as well.

on top of their nice looking website, I do think that their payment platform business is legit judging by the increasing number of merchants who joined them.

Hey paybear, just wanted to ask. is there any plans to have an equivalent to stripe elements? with a privacy preserving way to save delivery addresses locally on the client side?

Any estimated date when you might be able to officially support Shopify? I need to know since I am currently short on time and would have to choose between a few of you soon.

I have asked this on their telegram group before, and here's an answer for it.




Not sure about this because there's no official announcement from the team about the current status on Shopify, but they have made the first base on contacting Shopify directly and they've got good response.

Just like to ask when will be the implementation of other currency? It says on paybear's website they will be implementing more cryptocurrencies, I would like to know if ETN is also included on that list. Thanks

I've been checking for updates on the Paybear site and haven't found much lately. Might be a little late to answer your question but they still don't accept ETN as of this time..

Is it possible to use my Poloniex coin address to accept payment via Paybear? It's kinda difficult for me to keep data on several tokens so I would prefer a single log in via exchange.

I've seen their recent twitter posts and they were generally about the latest news and trends in the crypto space. Seems we've got quite a few positive signs for crypto.

Customers can pay from any wallet, exchange or even a smart contract. Although not recommended, you can also use your exchange address for payouts, provided that it’s reusable. They have this info and all other potential questions in their faq https://help.paybear.io/frequently-asked-questions.

More and more merchants prefer crypto payments. With the DAI stable coin integrated into Paybear's system, I'm sure that merchants will flood in and make Paybear their primary gateway especially since it minimizes risk in terms of having to deal with the crypto market's volatility.

I checked Paybear's site and it still doesn't seem to support DAI at this time. Have they announced a date  as to when they might have it integrated?

Yeah it all sounds pretty amazing and a game changer especially for those who frequently do microtransactions. I checked Paybear and Makerdao and they both didn't seem to have updates though. I might have missed their ANN so could anyone link it to me if you've seen it?

I was able to see the DAI dashboard and it seems to be up and running already. It had a pretty good explanation as to how it was going to maintain a $1 parity against the dollar, but the exact process is kinda complicated. There were no updates about Paybear's integration though. Maybe it's already in their pipeline.

The DAI platform is already up so I hope that Paybear is already working on their integration. I know that they are new in the business, but it doesn't seem like merchants who partnered with them are disappointed.

I actually accessed their dashboard https://dai.makerdao.com/ coz I wanted to buy some DAI. Got caught up in their explanation on how they will keep DAI at 1:1 with the dollar. Do they mean that they will automatically turn the excess to ETH and send it to our Eth wallet? Sounds like a big advantage for Eth if I understood correctly. xD

They offer the lowest fees so far which is exactly what customers want. It's been 4 months since they launched and merchant partners still keep increasing.

I've been using Paypal for my online shop, but in my opinion, it gives too much power to customers because of the dispute system. Paybear has been one of my prospect gateways for crypto payments and still discussing with my partner for our final decision.

Funds getting held due to disputes can be really annoying and bad for business. I just wish Paybear would support a wider variety of coins.

I've already suggested that they support more coins such as Doge and Waves. Not even sure why we need to make suggestions when they can automatically add these coins at their own discretion. Giving them the benefit of the doubt since it's only been 3 months + since their launch.

Totally agree. They've already got most of the major tokens integrated, I wonder what's the hold-up in adding other coins that have a significant number of supporters/users?

Try contacting their team through telegram. Last update I got was that they were working on adding more coins, but could not provide an eta.

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