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Author Topic: What BTC Payment Processor to Implement in My Site ?  (Read 130 times)
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July 27, 2019, 11:03:04 PM
 #1

Hello everyone,

I am selling a service on my website (subscription) that costs 5$, and I want to add a crypto payment processor, Mainly (BTC-LTC-ETH).

the problem is that I've seen a lot of payment processors and most of them I don't guarantee or either has AML/KYC crap.

I am currently choosing between "blockonomics" or "mycelium gear", do you recommend any of them?

Now I need to know what you guys would suggest I would use/do in this case?


If it helps, my application is in node.js.

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July 28, 2019, 02:38:19 AM
Merited by dothebeats (2), ETFbitcoin (1), TryNinja (1), hugeblack (1)
 #2

Hello everyone,

I am selling a service on my website (subscription) that costs 5$, and I want to add a crypto payment processor, Mainly (BTC-LTC-ETH).

the problem is that I've seen a lot of payment processors and most of them I don't guarantee or either has AML/KYC crap.

I am currently choosing between "blockonomics" or "mycelium gear", do you recommend any of them?

Now I need to know what you guys would suggest I would use/do in this case?


If it helps, my application is in node.js.

https://github.com/btcpayserver/node-btcpay

BTCpay has a node.js client, pretty easy to implement, completely open source and has LN support. DO NOT confuse this with Bitpay, the AML/KYC clusterfuck known for their partnership with Bitmain, which many do, and that's how you end up being put on "a list".




.




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July 28, 2019, 06:09:07 AM
 #3

Hello everyone,

I am selling a service on my website (subscription) that costs 5$, and I want to add a crypto payment processor, Mainly (BTC-LTC-ETH).

the problem is that I've seen a lot of payment processors and most of them I don't guarantee or either has AML/KYC crap.

I am currently choosing between "blockonomics" or "mycelium gear", do you recommend any of them?

Now I need to know what you guys would suggest I would use/do in this case?


If it helps, my application is in node.js.

https://github.com/btcpayserver/node-btcpay

BTCpay has a node.js client, pretty easy to implement, completely open source and has LN support. DO NOT confuse this with Bitpay, the AML/KYC clusterfuck known for their partnership with Bitmain, which many do, and that's how you end up being put on "a list".

I'll have to agree with this. Bitpay has become the bane of merchants who are in trade-banned status countries to the US resulting into blocking of access by the gateway to the main store. I had a friend who used BTCpay for his online store and he has had no problems ever since, apart from some routine maintenance and check-ups he has to do on the backend side of things. I couldn't say much for the two processors you have included, though, as I haven't used any of them or see any of them in action.




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August 11, 2019, 12:08:02 PM
 #4

Hello everyone,

I am selling a service on my website (subscription) that costs 5$, and I want to add a crypto payment processor, Mainly (BTC-LTC-ETH).

the problem is that I've seen a lot of payment processors and most of them I don't guarantee or either has AML/KYC crap.

I am currently choosing between "blockonomics" or "mycelium gear", do you recommend any of them?

Now I need to know what you guys would suggest I would use/do in this case?


If it helps, my application is in node.js.

https://github.com/btcpayserver/node-btcpay

BTCpay has a node.js client, pretty easy to implement, completely open source and has LN support. DO NOT confuse this with Bitpay, the AML/KYC clusterfuck known for their partnership with Bitmain, which many do, and that's how you end up being put on "a list".

This is the only logical choice imo. BTCpay is a solid payment gateway with a lot of active development.

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August 11, 2019, 09:28:01 PM
 #5


https://github.com/btcpayserver/node-btcpay

BTCpay has a node.js client, pretty easy to implement, completely open source and has LN support. DO NOT confuse this with Bitpay, the AML/KYC clusterfuck known for their partnership with Bitmain, which many do, and that's how you end up being put on "a list".

I think that kyc is no problem for a merchant in a legit website. Is this the main problem with bitpay? I saw many people recommending bitpay already.
I know btcpay is very good, but I think bitpay is even older.

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August 11, 2019, 09:52:54 PM
 #6


https://github.com/btcpayserver/node-btcpay

BTCpay has a node.js client, pretty easy to implement, completely open source and has LN support. DO NOT confuse this with Bitpay, the AML/KYC clusterfuck known for their partnership with Bitmain, which many do, and that's how you end up being put on "a list".

I think that kyc is no problem for a merchant in a legit website. Is this the main problem with bitpay? I saw many people recommending bitpay already.
I know btcpay is very good, but I think bitpay is even older.
There was recent news that bitpay are now going to be enforcing their new KYC and Anti-AML terms, and are calling this new service "BitPay ID", it's only here for larger transactions (3,000 USD+ purchases, or refunds of 1,000 USD+), but I definitely see a future where they keep dropping the limit until all customers are required for use "BitPay ID".

The 2 payment processors I've personally used and recommend are Coinpayments and blockonomics, although only blockonomics is able to instantly send you your funds after a customer finalizes a transaction, while payments are held in the Coinpayments wallets I believe.

Have you looked into other payment processors that accept cryptocurrencies as well as other traditional payment options (Paypal, Credit Card) - this might be better for a site that is more mainstream and less crypto-niche.

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August 11, 2019, 11:12:45 PM
 #7

There was recent news that bitpay are now going to be enforcing their new KYC and Anti-AML terms, and are calling this new service "BitPay ID", it's only here for larger transactions (3,000 USD+ purchases, or refunds of 1,000 USD+), but I definitely see a future where they keep dropping the limit until all customers are required for use "BitPay ID".
If they really end up pushing KYC through our throats for even the most silly few buck amounts, then they will lose a lot of business. I can't see them remain operational under these circumstances.

People are already at a point where they develop a strong dislike towards BitPay. Another nasty push and people will stop using it and that will probably lead to merchants dropping them as payment gateway.

I get it that it isn't just BitPay being affected by this new regulation, but they will suffer the most due to their anti Bitcoin stance. Those who actually spend their coins aren't stupid enough to share their personal information with BitPay.

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