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Author Topic: Any value in new payment accepting platforms  (Read 693 times)
yakpimp
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February 14, 2017, 03:46:18 AM
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When I was starting my website I looked at a few payment services but didn't like that there was a 2% charge for every transaction. I'm sure that amount has probably dropped recently, but I just couldn't pay it based on my razor thin margins.

I did a bunch of research and built my own payment processing and have probably saved a ton.

I was thinking of making it open source or making a payment service with tiny charges.

Does anyone think it's worth the effort to make it more public.?
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February 14, 2017, 09:36:34 AM
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You don't want to give payment processor source code out for free. I would imagine that it will make your site more vumnerable. If you want to profit on it, I suggest you make it as secure as possible and sell it to one or two sites or individuals. If your site is small, you might want to consider profiting on your payment processor. If your site has considerable volume and handles large sums of money, I strongly recommend keeping the code to yourself to guarantee the safety of your assets.
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February 14, 2017, 01:36:51 PM
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When I was starting my website I looked at a few payment services but didn't like that there was a 2% charge for every transaction. I'm sure that amount has probably dropped recently, but I just couldn't pay it based on my razor thin margins.

I did a bunch of research and built my own payment processing and have probably saved a ton.

I was thinking of making it open source or making a payment service with tiny charges.

Does anyone think it's worth the effort to make it more public.?

Is this a fiat money payment processor like paypal and skrill or it`s a cryptocurrency payment processor?
If you want to build a business around this or sell the code, it will be almost impossible to compete with the big players on the market.
I was looking for such code before 3 years,but now i don`t want to get involved with ecommerse.



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yakpimp
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February 14, 2017, 05:21:08 PM
 #4

You don't want to give payment processor source code out for free. I would imagine that it will make your site more vumnerable. If you want to profit on it, I suggest you make it as secure as possible and sell it to one or two sites or individuals. If your site is small, you might want to consider profiting on your payment processor. If your site has considerable volume and handles large sums of money, I strongly recommend keeping the code to yourself to guarantee the safety of your assets.

That's a good point. Right now I'm processing very small transactions but could potentially scale based on the design.

Is this a fiat money payment processor like paypal and skrill or it`s a cryptocurrency payment processor?
If you want to build a business around this or sell the code, it will be almost impossible to compete with the big players on the market.
I was looking for such code before 3 years,but now i don`t want to get involved with ecommerse.

It's a cryptocurrency payment system. Paypal has pretty good APIs for interacting with them so I'd leave that out. I guess maybe I'll just keep it to myself, it was just an idea on how to turn a hobby into some $$ Smiley
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