Bitcoin Forum

With so many options for accepting Bitcoin on your website do we need any more?

So many companies offer services to accept Bitcoin or some other crypto as a method of payment, I recently saw another one pop up in testing mode.

Unless something exceptional is offered including super-low fees do we need to have more and more options to process payments on websites?

IMO, Now and we have BTCPayServer which you could use to run everything on your own + Lightning network supported? no, I don't think we'll need any more.

Thank you for the information. I had heard of Bitpay, Coinpayments, Coinbase and several more but never heard of BTCPayServer so will do some research about it. by the sound of the name it seems they BTCPayServer is specific to Bitcoin only and not any others. Is that right?

Ireland's online payment processor Stripe has announced that it will not accept payment by Bitcoin on April 23, The reason behind the change is that Bitcoin's volume capacity, transaction deadline and high costs are behind. Stripe became the first major processor to accept Bitcoin in 2014.
Product manager Tom Karlo continues to refer to the company's continued track of electronic currencies and emerging platforms that could make trading on Blockchain more viable. He specifically mentioned Bitcoin's Lightning Network, Ethereum, and OmiseGO as promising projects.

It was made for BTC but then new coins got added: BGold, Dogecoin, Feathercoin, Groestlcoin, Litecoin, Monacoin, Polis, UFO, Viacoin

BtcPayServer sounds interesting.... will check it out for sure.

Thanks for sharing

A lot of them are done to use freely. (ie: WordPress plugins) It is somehow a good sign as it shows how the adoption is growing and how people get involved in. If it wasn't the case people would blame Bitcoin for not to be user-friendly or lack of solutions to be used.
What about the payment processors online to accept fiat currencies? There are literally thousands existing. The same question could be asked too, do we need as much? There is a demand and so a market.

Edit: I searched and in this list (https://en.wikipedia.org/wiki/List_of_online_payment_service_providers), there are about 80, and not all are listed, like Payza, Perfect Money, Payoneer, Payeer and so on

Lots of information in that list. Thanks for the link.

The list of payment processors is massive both FIAT and non-Fiat orientated ones. Free crypto payment processors are a game changer in the very near future most of these commission based merchantes will be out of business.

We need more and more so that the bitcoin buyers will become more high and very bullish to the buyers that want to buy bitcoin.

You can try this one
https://github.com/btcpayserver/btcpayserver

Dont you guys think that we need a payment processor which will bridge between the bank account and the virtual payment system. I mean there is no system in place where we can send the money directly from our bank account to the crypto accepting party. For example there are PayPal, nettler etc who are able to transfer the funds directly from our bank accounts even when there is no balance in those wallets. I want to know about any processor which has this kind of codes in it. I mean say im paying at the crypto services and I want to use my DApp but have no balance in it then that wallet should be able to retrieve the money from bank, convert it into the desired coins and then pay it. Then there is fun.

Very interesting but have we to be sure that no malware or keylogger are inside the code?
I'm pretty worried when I have to use these scripts.

Yes exactly, this is what we need. For now all I can do is give a BTC address on my website and then have it sent by wire transfer to my account... but this is slow, clumsy, and expensive. It's a shame that payment systems like Square and Stripe don't accept it.

The problem is, they'd probably take too much in commissions. Square takes 3.5% on card payments, so they might take 7% on BTC. Whereas if you just sent it to a wallet or exchange, collected it until it's a few thousand, you could get away with fees as low as 0.1%

As far as I know, relatively recently in Ukraine, PrivatBank, began to accept payments in bitcoin. I do not know how the process is going, but I am glad that the largest Bank in the country has officially started working with cryptocurrency. But for some reason they abandoned this idea. Perhaps due to the fact that a very small number of people used bitcoin to pay.

OmegaStarScream already mentioned it in the thread.

Yeah, this is exactly correct. We pretty much only need new payment processors to support the lightning network. That is where a majority of Bitcoins payments will be taking place in the future. The reason we have been getting a lot of new payment processors recently, is because Bitpay sort of screwed up their business by mandating that a specific BIP is used for the payments. This was definitely unintuitive, so a lot of payment processors popped up to steal some of Bitpays clients, and it is working so far! I never really like Bitpay anyways...

I think if do bitcoin payment processors, it will be very helpful step .because bitcoin currency increased many countries & they adopted it day by day.no doubt it will be must in future l hope so,

competition is always good. it keeps businesses honest and on their toes forcing them to always try and provide the best and cheapest services. otherwise if we end up having 1 or 2 giants they end up taking the whole market and never improve and eventually they may even turn bad.

not to mention that we need more payment processors in other countries that are not US. BitPay and Coinbase which are two of the biggest ones are already in US!

I agree. Because having more and more payment processors will just make people confused and there could be a possibilty that those sites can be phised or used to scam so I think one is enough like BTCPaySever. The most important thing with this is that we still have the full control of our own funds and I think that everyone loves to support  with it most especially to Bitcoin holders that uses payment processors.

maybe a country that has developed and well received cryptocurrency and cryptocurrency has been recognized it could happen, in my country the cryptocurrency is not fully recognized as the currency that applies in my country maybe that's the reason it's hard to happen

We do not need more, because they only sabotage the bigger goals of Bitcoin. Why? Well, Satoshi Nakamoto created Bitcoin to get rid of centralized controlled financial services and Payment processors are centralized third party services. You are supposed to pay for services directly, not through some third party services.  ::)

The other reason is that these Payment processors are simply a service that converts bitcoins to fiat. The merchant never own or use bitcoins, because the bitcoins are immediately converted to fiat. <How is this real Bitcoin adoption?> 

In fact we do need payment methods on any website because everyone has their own way and choice.

all people in a different world of course then from the terms of payment that evolved from the form and type, such as your broadcast from miners btc, yes btc it can also be a wonderful means of exchange at this time not all traders have such a tool

Does anyone have list of bitcoin or eth credit/debit cards providers?

How does  that thing work? never heard of this before. but sounds interesting though...  Is that like fast transaction?

At the present time, the establishment of a payment system that allows transactions by cryptocurrency in general and Bitcoin, in particular, is very simple and fast. Typically you can use WordPress, OpenCart ... without programming skills. Coinbase is offering free API, you can use BTC, ETH quickly and conveniently. However, you will incur a certain transaction fee.

If you what you say is true then the way to achieve getting there is to maximise the potential and make it as less 'technical' as possible so any person with any skill set can have their own private option to offer Bitcoin as a method of payment at checkout.

With already available plugins for Woocommerce and other carts that merchants use by paying a percentage of transactions fees for their service, they simplify things for the e-shop owners. With "btcpayserver" is removes the need to pay a percentage of your profits or transaction in fees to crypto payment processor companies but you need a small amount 'technical' know how to install btcpayserver and be prepared to pay for the hosting of that server as it will sync the whole Bitcoin blockchain.

The more simple the BTC payment processing process becomes the more merchants will leave traditional crypto payment providers such as those I listed in the OP.

Definitely there should be more and more service providers available in the market.  Because in monopolistic market ; the trader will be charging higher commission for the services being provided by them.  As we will not be having any choice so we will be forced to be ruled by the monopolist. 
So we should welcome the more and more service providers in the market.  As they will be having competition with each other; they will try to provide improved services. Also they will be trying to attract more and more customers by cheap services.

I agree just a handful of providers can corner the market in this and any field so what do you think, should a self-service like btcpayserver become common over tradition providers?

They are probably different from each other with little updates, improvements. You may not be aware of that by first look but really there are lots of them.

Bitcoin payment processors are many and plenty exchange to help hold and sell some altcoins. Examples are bittrex,binance,coinexchange, coinfalcon and many others depending of the coins on the exchange.

Having full control of the funds is the best part but having to balance that with the cost and implementation of the server over a plugin from third party is something the individual has to look at.

Our personal partner in the world of digital assets, no hidden fees, no subscription fee, and it is easy to used. And it's  main goal is to ensure their customers  access to the most advanced, transparent and reliable crypto payment services on the market.

What has that got to do with cryptocurrency payment processors?

The reason why bitcoin is developed is to give ease to the market, it is used by the consumers to consume and there are lots methods on buying so I think there will be more kinds of process for bitcoin consumption using this mode of payment

What you say is completely true. Centralised financial services were not in the plans of Satoshi when Bitcoin was created and payment processors are effectively indirectly that.

BTCpay Server goes a long way to putting the crypto in the hands of the merchant without the need for third party organisations making it a direct transaction between "customer and seller"

The more companies there are, the more they try to make their service best, logically it's like that but personally I can't see it here. All I see is that everyone only tries to promote theirselves by becoming exclusive bitcoin payment processors for top companies and examples of this are ipayyou for starbucks, Bitpay for other well known companies and a lot (not lot to be fair but there are decent amount of them).

wow you are smart hahaha,
I also like to choose a payment site with a low transaction delivery fee,
and if I may know, I ask for a site link with a low transaction delivery fee for payment

i think we really need many as much as possible in every country, most of what you mention are base only in the united states, in order to hasten the process of adoption every nation should atleast have the option to an easy cash out/in from fiat to crypto and vice versa, luckily its easier in my country..

I would agree with you. many as i saw had similar thought but work should be put in to make this reality. as far as i know noone is working 100
% towards solving this problem

I find it deeply strange that the two largest payment processors, Coinbase and Bitpay, are basically doing all they can to stop Bitcoin payment processing without outright abandoning it.

Coinbase now make merchants handle their own private keys. No merchants want to do that. Bitpay are suckling the Bcash glans for all they're worth and make it as clear as possible that Bitcoin is shit when you try to use it through them.

There'll always be no shortage of crypto only processors. What's needed is more with banking connections because the current options are shoddy as you like and I really don't understand what long game they're playing.

What the crypto Bitcoin needs is for Bitcoin to be used without third party plugins and as accessible as possible to every person without being reliant on others to process payments on a percentage fee basis.

BTCpay Server does exactly that but it means you have to rent a server and then sync the whole Bitcoin blockchain. This will cost maybe less than $10 a month from AWS or Digital Ocean but at least merchants get to keep 100% of the received funds for themselves just as Satoshi would have wanted.

For those that do not want their own server and are happy to pay Coinbase, BitPay, Coinpayments and the others a commission they can continue as they wish.

One way or another the coins merchants generate from sales have to be sold to reduce the risks the volatility exposes them to. Merchants need to have a constant flow of liquidity in fiat to operate.

It's practically impossible to completely discard a central entity in the process. Only when merchants can restock themselves and pay their rent and all with Bitcoin they might not have to convert anything to fiat anymore.

That's however not the case right now. I obviously hope that we'll reach that stage later on, but don't count on it. I'm already happy that more and more merchants accept Bitcoin, which is good enough for now.

Never ever heard of it . Thanks for the update.

I never even thought of that. Integrating it into woocommerce is the easiest and most practical solution because it can fit right into the website. It just has to be forwarded to a crypto processor or sent off to a server in Amazon and there you go! I'm glad it's getting easier to collect money online with bitcoin. The only thing is, it might be better ensure a steady stream of income through bitcoin before going through the process of setting it up.

What about just putting a wallet address online and then moving everything cold on a daily basis? I've seen a few people do this as a "donation" link.

I am happy too that more and more merchants are using Bitcoin as a method of payment or as the sole method of payment. Sure I understand what you are saying about the need for FIAT but the idea that merchants should pay a percentage of their income/transaction fee to the third party is something that will fade out of a period of time for those that do not require the exchnage of Bitcoin in to FIAT because the more e-shops use Bitcoin at checkout the easier it will become to implement BTCpay Server and services like it.

fees are not so huge during the normal days, so it's not so bas, especially when speaking of international transfers, then it's really cheap. Payment processors usually only offer conversions to fiat

I've heard of Bitpay, Coinpayments, Coinbase and a few more but have never heard of BTCPayServer so will do some research about it. by the sound of the name it seems they are BTCPayServer specifically for Bitcoin only and nothing else. Is that true? There are thousands that exist. The same question can be asked also, do we need a lot of There is demand and market. Lots of information on that list. Thanks for the link.

BTCpay Server supports many coins

All I see is that everyone only tries to promote theirselves by becoming exclusive bitcoin payment processors for top companies and examples of this are ipayyou for starbucks.

If that exclusivity is happening then it is against the openess principles that Satoshi would have wanted to promote.

The main goal is to ensure that their customers have access to the most advanced, transparent and reliable encryption services on the market. All I see is people are just trying to promote themselves by becoming the exclusive bitcoin payment processor for top companies and examples of this are ipayyou for starbucks, bitpay for companies other famous and very much

You are right and I agree with you but what is the solution to take this power out of the payment processors and in the hands of the merchants?

BTCpay Server does do the job but it requires merchants to set up their own server running BTCpay Server on it but most seller are sellers with little or no technical skill so they do not know how to achieve that.

Any updates on this?