[List] Bitcoin Payment Processors

[OmegaStarScream]

Paxful released Paxful Pay which allows merchants to accept over 350 payment methods (which will then get converted to crypto): https://paxful.com/paxful-pay

There are no fees (for the merchant) and even though there is no mention of KYC in their FAQ page, I'm almost certain it's required.

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[1715383200]

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[SFR10]

There are no fees (for the merchant)

For the most part, there's no merchant fee, but it looks like they do charge 0.0005BTC for each of the transactions involving external BTCitcoin addresses.
^{- IMO, that should be dynamic as opposed to a fixed fee.}

If you want to use External BTC addresses for transactions, then each time an external transaction is used, a send out fee of 0.0005 BTC is deducted from the amount.

and even though there is no mention of KYC in their FAQ page, I'm almost certain it's required.

I don't think a lot of merchants would choose a processor that requires their customers to either have an account with Paxful or force them to create one and go through a KYC process ^{[I know it's just a phone number and an email verification, but still...]} just so they could purchase something.
^{- Paxful Pay - Step By Step Guide For New Users}

[DaveF]

For the BTCPay server for convert to fiat payment forwarding though Blockonomics has been discontinued. Not sure when they shut it down.

Also, although a 500GB drive will still work, if you have your OS on it, it will be out of space by the end of the year at this point if you are running a full node and lightning node on it.

-Dave

[OmegaStarScream]

Here are a couple of services you can add:

- AlchemyPay: https://alchemypay.org/index.html
- DataMynt: https://datamynt.com/

I can't vouch as I didn't get the chance to try them, but I know that Alchemy has been around for quite some time.

[Husires]

Update @OP with blown; still checking about https://alchemypay.org/index.html & https://datamynt.com/
If anyone knows more or I made a mistake please let me know.

Processor

|

Connect to wallet

|

Convert to fiat

|

Lightning support

|

KYC?

|

Requirements

|

fees

|

Bitfinex Pay

|

Yes

|

No

|

Yes

|

No

|

WooCommerce plugin | API

|

Zero

|

GloBee

|

No

|

Yes €

|

No

|

Yes?!

|

simple APIs and plugins

|

0% fee*

|

[OmegaStarScream]

You can add Zonday Pay. It supports multiple plugins and allows conversion to EUR. I'm not sure about the fees though.

AFAIK, the service is legit. They have their own exchange[1] and their payment processor (formerly known as BitBay) is currently being used by G2A.

[1] https://www.coindesk.com/business/2021/11/08/polands-largest-crypto-exchange-revamps-to-go-license-shopping/
[2] https://coinmarketcap.com/exchanges/zonda/

[OmegaStarScream]

Another payment processor you can add is IBEX Mercado. I can't access their site right now for some reason, but they're legit[1][2]. Also, BitPay now supports the lightning network[3]

[1] https://bitcoinmagazine.com/business/bitcoin-company-ibex-raises-4-million-eyes-expansion
[2] https://twitter.com/IBEX_Mercado/status/1511422877844881409
[3] https://bitcointalk.org/index.php?topic=5393381.msg59778884#msg59778884

[OmegaStarScream]

Another payment processor to add: TripleA. They recently managed to raise +4M dollar from RAZER, and also made a partnership with Binance[2].

I can't see any mentions of the lightning network or the fees on their site, aside from the 0.8% fiat conversion.

[1] https://triple-a.io/newsroom/crypto-payments-company-triplea-secures-4m-in-funding-led-by-razers-zventures/
[2] https://www.binance.com/en/blog/payment/binance-selects-triplea-as-global-cryptocurrency-payment-gateway-421499824684903978

[Husires]

thanks @OmegaStarScream  updated thread with all new information.
All platforms are almost the same and provide solutions for those who do not want to accept Bitcoin directly (directly transferring money to your bank account) so the only obstacle remains the community adoption using cryptocurrencies outside the exchanges

Processor

|

Connect to wallet

|

Convert to fiat

|

Lightning support

|

KYC?

|

Requirements

|

fees

|

IBEXpay

|

Yes

|

No

|

Yes

|

No

|

API

|

0.5% versus 2.5%

|

TripleA

|

Yes

|

Yes

|

No

|

Yes

|

API

|

0.8% fiat conversion?!

|

zonda Pay

|

No

|

Yes €

|

No

|

Yes

|

add your EUR/Crypto/API

|

exchange rate

|

[SFR10]

I can't see any mentions of the lightning network

It seems that they've just finished updating their support center with regards to this ^{[probably after seeing your comment]}:

• Lightning is a payment protocol that operates on top of a blockchain-based cryptocurrency like bitcoin. And our crypto payments services support Lightning Network.

~Snipped~

• You might want to consider using the "main page" for Ibexpay.
• You can refer to the following link for Zonda Pay's fees: Table of fees and commissions

[OmegaStarScream]

Here's another payment processor (Foxbit pay) you can add[1]. I'm not 100% sure,  but the page's translation seems to indicate that there are no fees for accepting payments. They also started to support the lightning network a couple of days ago[2].

[1] https://foxbit.com.br/foxbit-pay/
[2] https://cointelegraph.com.br/news/foxbit-pay-integrates-lightning-network-to-enable-bitcoin-payments

[OmegaStarScream]

I just noticed that CoinOS (an open-source web-based lightning wallet) has launched its own point-of-sale app. They don't require any identity verification, and there's only a 0.1% fee if you want to send your funds from LN to on-chain. You can't accept BTC directly though, only LN is supported.

[looptweet]

That is a solid and very helpful list! sadly, none of those fits what I was looking for. I was looking for non kyc ones and coinbase was by far the best one. Sadly, it does not offer API for withdrawals. plus, a feature I was looking for that is the auto conversion to tether isn't available in my country.. Looks like I will have to stick with tether only self hosted custom application 

[Husires]

Thanks updated

Processor

|

Connect to wallet

|

Convert to fiat

|

Lightning support

|

KYC?

|

Requirements

|

fees

|

coinos

|

No

|

No

|

YES

|

No

|

webwallet

|

0.1%

|

That is a solid and very helpful list! sadly, none of those fits what I was looking for. I was looking for non kyc ones and coinbase was by far the best one. Sadly, it does not offer API for withdrawals. plus, a feature I was looking for that is the auto conversion to tether isn't available in my country.. Looks like I will have to stick with tether only self hosted custom application 

you can use BTCpayServer, It meets most of your needs, and if you want auto conversion, you will need some code between BTCpayServer API and instant exchange APIs.

Links for more

https://docs.btcpayserver.org/CustomIntegration/
https://api.godex.io/#authorization

[looptweet]

you can use BTCpayServer, It meets most of your needs, and if you want auto conversion, you will need some code between BTCpayServer API and instant exchange APIs.

Links for more

https://docs.btcpayserver.org/CustomIntegration/
https://api.godex.io/#authorization

Thanks for your tip! Actually, I will have some kind of credits system and it must correlate to a stable coin.. I wanted to accept in other cryptocurrencies in order to convert to stable as soon as someone pays. With BTCPayserver I will be limited to BTC.. plus, It would be easier to implement something using pyweb3 and accept tether directly I guess..

I just found out https://plisio.net/ I think it worth adding them to the list as they don't require kyc and have some decent monthly access. I will try them out and see if it worth it :thumbsup:

[OmegaStarScream]

That is a solid and very helpful list! sadly, none of those fits what I was looking for. I was looking for non kyc ones and coinbase was by far the best one. Sadly, it does not offer API for withdrawals. plus, a feature I was looking for that is the auto conversion to tether isn't available in my country.. Looks like I will have to stick with tether only self hosted custom application  

That's probably because it's a self-managed solution. You should be able to use the private keys to send the funds elsewhere though, you don't necessarily need Coinbase's API in this case.

I'm not sure I'd use instant exchanges for converting funds on a regular basis though, especially if you want to avoid KYC but you can use some other exchange's API like OKX.

[OmegaStarScream]

I just came across a new open-source payment processor: Bitrequest.io[1]. It supports Bitcoin, LN, and a few other coins.

[1] https://github.com/bitrequest/bitrequest.github.io
[2] https://www.bitrequest.io/

[OmegaStarScream]

Did you remove NowPayments? I can see that someone suggested it before so I'm not sure if it was removed or just never added.

[Memorabilia]

I just found out that these gateways are not mentioned in the list: CapitalWallet, Bitpay, Binance and Nowpayments

Capitalwallet:

Connects to Wallet: Yes
Conversion to fiat: Yes
Lightning support: No
KYC : Yes
Fees: 0.5%

Bitpay

Connects to Wallet: Yes
Conversion to fiat: Yes
Lightning support: Yes
KYC : Yes
Fees: 1%

Nowpayments

Connects to Wallet: Yes
Conversion to fiat: Yes
Lightning support: Yes
KYC : Yes
Fees: Max 1%

[Pmalek]

<Snip>

BitPay already is in the table in the first post. CapitalWallet and NOWPayments aren't.
What payment processor from Binance are you talking about? I only know of Binance Pay. Is that the one?