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Question: Which Payment processor do you use/recommend?
BitPay - 9 (69.2%)
Coinbase - 2 (15.4%)
GoCoin - 0 (0%)
Mycelium Gear - 1 (7.7%)
Blockonomics - 1 (7.7%)
Others - 0 (0%)
Total Voters: 13

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Author Topic: Which Payment processor do you use/recommend?  (Read 651 times)
cryptoheadd (OP)
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December 17, 2016, 01:32:48 PM
 #1

I'm planning to set-up an ecommerce store soon and was wondering which one do you use?
I'll be using Prestashop and would prefer using one that has a module for the same.

BitPay has a prestashop module but there's a lot of KYC involved.
Coinbase is kinda centralized, so...
I'm leaning towards using a straight-to-wallet gateway like Mycelium Gear and Blockonomics.
What do you think?

Feel free to mention any other service provider that I have missed. Smiley
veleten
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December 18, 2016, 04:43:40 AM
 #2

voted BitPay
avoid Coinbase in the line of them being under scrutiny by the agencies
and they may even be forced to succumb to pressure and give their customers' info to IRS
you would not want your business watched by a Big Brother

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iePlay NoweiI
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December 18, 2016, 05:08:24 AM
 #3

I have voted for bitpay they are used by wide range of merchants and are also comparatively cheaper than other alternatives. 1% fee they have is nothing and almost free compared to others.

I haven't tried other platforms so i have no idea about them, integration of bitpay is also quite easier and support is of top quality even they refund in case of some technical problems from their side.

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December 18, 2016, 05:39:17 AM
 #4

BitPay followed by GoCoin would be the best options among the current ones since their being widely used. The worst option would be Coinbase since the amount of complaints are above others (simple search would show you a lot).

Some other choices (take precautions since their not well known):
PAYMIUM - https://paymium.com/page/services#merchants
BitKassa - https://www.bitkassa.nl/
bitonic - https://bitonic.nl/merchant
LitePaid - https://www.litepaid.com/

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cengsuwuei
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December 18, 2016, 08:26:31 AM
 #5

the best payment procesor
if you want open online store and payment use bitcoin, is the best bitpay
good interface, good API and conection to your site
and majority online store use bitpay


.SWG.io.













..Pre-Sale is LIVE at $0.14..







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4.45






cryptoheadd (OP)
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December 18, 2016, 08:56:18 AM
 #6

Thanks, I'll check them out.

voted BitPay
avoid Coinbase in the line of them being under scrutiny by the agencies
and they may even be forced to succumb to pressure and give their customers' info to IRS
you would not want your business watched by a Big Brother

I have voted for bitpay they are used by wide range of merchants and are also comparatively cheaper than other alternatives. 1% fee they have is nothing and almost free compared to others.

I haven't tried other platforms so i have no idea about them, integration of bitpay is also quite easier and support is of top quality even they refund in case of some technical problems from their side.


the best payment procesor
if you want open online store and payment use bitcoin, is the best bitpay
good interface, good API and conection to your site
and majority online store use bitpay


BitPay followed by GoCoin would be the best options among the current ones since their being widely used. The worst option would be Coinbase since the amount of complaints are above others (simple search would show you a lot).

Some other choices (take precautions since their not well known):
PAYMIUM - https://paymium.com/page/services#merchants
BitKassa - https://www.bitkassa.nl/
bitonic - https://bitonic.nl/merchant
LitePaid - https://www.litepaid.com/
avikz
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December 18, 2016, 11:25:28 AM
 #7

For your e-commerce store, I will recommend you to use coinbase service because they will deduct no fees for sending out payments. So it is a great savings to you. However, I won't recommend keeping a huge amount of bitcoin in coinbase account because if they goes down, you will suffer a great  loss.

For transaction, coinbase is great. But for storing you bitcoin, use hardware wallet. You will have to download the entire blockchain which is huge, but it is worth the security you will get from it. After all, saving money in a secure place, is all we need to do. So hardware wallet is a great place to store your hard-earned money.

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December 18, 2016, 11:29:57 AM
 #8

BitPay and CoinBase are the two top processors that a lot of companies uses. As a consumer, I personally prefer to use BitPay because there are much more user-friendly and hence easier to use. To be honest, both BitPay and CoinBase is about the same because I use Mycelium mobile wallet, all I need to do is to scan the QR code.

I don't really care what payment processors the business that I am purchasing is using. All I care is that the process will be easy and fast. I'd recommend you to go with BitPay or CoinBase since most companies uses them - hence giving your customer a similar payment gateway layout will simplify the explanation process for you..

So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.

Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!

Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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December 18, 2016, 11:55:12 AM
 #9

I recommend Coinbase or Kraken for Bitcoin transactions.
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December 18, 2016, 12:45:50 PM
 #10

I feel that the best payment processor for use is Coinbase. Well, Coinbase have a very good security system, even compared with blockchain. in addition, the user looks very simple, so that new users can understand how to use it quickly. Well, Coinbase have a very high confidence of the users, it makes it better.

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December 18, 2016, 01:42:02 PM
 #11

i wouldn't recommend coinbase at all, they are under attack from IRS and there is always a possibility they go under because of pressure and users cashing out.

bitpay however seems to be a good choice and i have been seeing it a lot more than any other processor. and as someone who have used bitpay for paying for services and goods i liked the user experience.

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December 21, 2016, 02:01:53 PM
 #12

BitPay for sure, never had a single problem at all using them. Coinbase probably wouldn't be the worst option but as mentioned their problems with the IRS may cause something.

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December 21, 2016, 11:27:17 PM
 #13

Bitpay is pretty good never had any issues with them and they can also be trusted plus they are one of the most popular one's.
cryptoheadd (OP)
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December 22, 2016, 01:57:45 PM
 #14

Thanks everyone for their posts.
I chose to use BitPay & Blockonomics.co Smiley
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December 22, 2016, 02:22:28 PM
 #15

I recommend Coinbase. However, they are alleged but still its almost year I am using coinbase and never got any problem.
Moreover, I haven't paid a single satoshi in fees on Coinbase till now. They allow free send/receive bitcoins without any fees right from 0.0001 BTC.
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December 22, 2016, 02:27:50 PM
 #16

I recommend Coinbase. However, they are alleged but still its almost year I am using coinbase and never got any problem.
Moreover, I haven't paid a single satoshi in fees on Coinbase till now. They allow free send/receive bitcoins without any fees right from 0.0001 BTC.
It is nice to see that you haven't got any problem using coinbase till now but there are many other merchants and users who got their account blocked without any good reason from coinbase.

Bitpay is very nice and i have also used them while paying in different merchants and never got any problem.
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