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Author Topic: Coinbase launches dynamically generated payment buttons  (Read 12 times)
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April 04, 2018, 07:03:26 AM

Coinbase commerce API which was launched in February 2018 has announced that starting today, ‘APIs can be dynamically generated instead of manually creating payment buttons on hosted pages to accept cryptocurrency payments’.

The Coinbase Commerce API can be used to dynamically create charges. When a charge is created, APIs generate payment addresses on the users’ behalf for each cryptocurrency that is enabled and provide the user with a hosted page that they can send to customers to complete the payment.

To receive payments unlike credit cards where merchants must obtain payment credentials in order to charge a customer, cryptocurrencies is like digital cash which relies on the customer explicitly sending money to the merchant.

After a charge is created, Coinbase Commerce will continuously monitor each blockchain network for a payment. Since cryptocurrencies are push payments, an expiration time is set for the charge which is 15 minutes after the creation time. If the customer does not make a payment within that time frame, the charge is considered to be expired.

Once a payment has been sent, the dashboard is updated with the payment information. To access more information about the payment, the charge is retrieved by supplying the unique charge code that was returned when the charge was created.

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