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Author Topic: How can my store accept Bitcoins??? What a lot of trouble - experiences inside  (Read 826 times)
cm68jd
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January 28, 2013, 11:51:52 PM
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I am trying to find a way to accept bitcoins with Magento commerce. I have very simple needs. I want the customer to be presented with the bitcoin amount and receive a receiving address and then I want the payment status to update to paid once the bitcoins have been received. I have tried 3 solutions and each one fails:

  • BitPay - Garbage service that requires 4-5 page application form (longer than my Paypal account required). There is no reason I need to apply for an account and wait for a reply just to accept bitcoins. Everything will be done in bitcoin (I will not be converting it).
  • Paysius - I can only assume this solution does not work considering they have not even emailed me a password. Its also very insecure (who emails a password?). Much more secure and convenient is to let the user choose their own password. So, they have 1) made my account less secure 2) inconvenienced me and 3) shown incompetence as their signup form never sends the password, which means I cannot test it.
  • WalletBit - I actually was able to signup with this service and even complete a test. However, it spams my customers and tries to steal their attention from my site. Instead of just giving my customers a bitcoin address they can pay, it instead harrasses them into creating a walletbit account (are they trying to be paypal? Even the payment page is a near ripoff of paypal). Only if the customer spends their valuable time reading the page will they find a link at the bottom where they can pay without a walletbit account. No thanks. This company is horrible.

    It was also a little disconcerning when I did a trial checkout and it said my walletbit bitcoin balance was 12 bitcoin (I have 0 bitcoins in my wallet), which means a programming bug allowed me to access someone elses wallet. Good thing they use the secure card or else I am sure people would be stealing bitcoins left and right.

So, my question is... Is there a service that easily allows a company to accept bitcoins (no conversion into another currency necessary) for the Magento platform? There has to be a company out there that does this right. If not,
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January 29, 2013, 12:57:27 AM
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If you just need give your costumers an address for them to pay, try Electrum and use your Master Public Key with http://acceptbit.com this service will generate addresses for your customers, these addresses are generated for your Electrum wallet.

Admin: rdymac (PGP) | contacto@bitcoinvenezuela.com | @cafebitcoin | Electrum, lightweight bitcoin client
If I've been helpful tip me a coffee! Cheesy1rdymachKZpA9pTYHYHMYZjfjnoBW6B3k Bitrated user: rdymac.
cm68jd
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January 29, 2013, 02:52:22 AM
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I created an account on acceptbit.com, but could not find any API that could be used in interfacing this with a shopping cart, so that things are done in an automated fashion.

Do you know of any services that provide an API to generate deterministic keys / check the confirmed balance of specific keys? I have found https://en.bitcoin.it/wiki/BitcoinNotify which provides potential solutions for half the problem (more are welcome). So, the main problem is how to create bitcoin keys. The ghetto method would be to create a million keys with the main client and just keep them in a database and not reuse them.

However, I would prefer to create keys on the fly as needed. Is there a service that has an API to create electrum compatible deterministic keys? Or is there some PHP code that can do it?
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