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Author Topic: Payment gateway using Electrum ?  (Read 193 times)
gudayuzazo (OP)
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July 18, 2020, 04:35:43 AM
 #1

is there a way to make a personal payment gateway using electrum ?

I'm planning to sell some high ticket digital products with bitcoin payment only,but I've heard stories about
coinpayments blocking clients accounts and bitpay having a tier kyc verification...
any suggestions ?
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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OmegaStarScream
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July 18, 2020, 04:44:48 AM
 #2

Yes. You can accept payments using Electrum. Follow this guide: https://electrum.readthedocs.io/en/latest/merchant.html

Alternatively, you can use BTCPayServer. If you don't have the necessary technical knowledge, you can use a third party hosting solution.

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nc50lc
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July 18, 2020, 05:06:40 AM
 #3

The client/wallet have limitations on how many queries it can send without producing issues with the servers.
So if you're expecting "hundred and thousands" of transactions per day, consider BTCPayServer instead.

Or you can run your own server and edit the parameters;
follow this thread's solutions if you prefer Electrum: /index.php?topic=5261764.0

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The Cryptovator
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July 19, 2020, 09:00:23 AM
 #4

Yes, Electrum could be use as a payment processor as already said by @OmegaStarScream. But since we don't know about your business or what you are going to sell and how large it, so I will suggest to read this thread where you will get multiple option, List - Bitcoin Payment Processors. From the list, I preferred for BTCPayServer as already said by multiple users. Otherwise, you may choose an appropriate payment getaway from there. Try to choose any non-custodial wallet for your safety.

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Husires
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July 19, 2020, 02:14:07 PM
Last edit: July 28, 2020, 06:37:07 PM by Husires
Merited by malevolent (2)
 #5

is there a way to make a personal payment gateway using electrum ?
Electrum is not designed to handle a lot of transactions, if you want to expand to a few hundreds of transactions per day, it may not be appropriate.
use my list https://bitcointalk.org/index.php?topic=5259548.0, Choose what works for you, according to the pros and cons.
You can then withdraw your total payment to electrum or link them to the hardware wallet for more safety.


Yes. You can accept payments using Electrum. Follow this guide: https://electrum.readthedocs.io/en/latest/merchant.html

Alternatively, you can use BTCPayServer. If you don't have the necessary technical knowledge, you can use a third party hosting solution.

It will be difficult to deal with the program to manage a commercial account, it is intended for personal use and needs a lot of addresses every day, which will increase the file size to hundreds of bytes or more.

i tried it and my electrum out put cant generate qr codes larger than 760 bytes or so which mean limited number per day

The client/wallet have limitations on how many queries it can send without producing issues with the servers.
So if you're expecting "hundred and thousands" of transactions per day, consider BTCPayServer instead.

Or you can run your own server and edit the parameters;
follow this thread's solutions if you prefer Electrum: /index.php?topic=5261764.0
the costs and edit the parameters will cost him more than running it using BTC pay server and he can get more than new features like refund feature or ln support which is not good in the last version of electrum.

he can use it as cold storage and send output of daily to it.

some Stores need more operations like taxes, discounts, withdrawals and other operating costs.

Yes, Electrum could be use as a payment processor as already said by @OmegaStarScream. But since we don't know about your business or what you are going to sell and how large it, so I will suggest to read this thread where you will get multiple option, List - Bitcoin Payment Processors. From the list, I preferred for BTCPayServer as already said by multiple users. Otherwise, you may choose an appropriate payment getaway from there. Try to choose any non-custodial wallet for your safety.
even for small business it will be hard to use electrum he need to run electrum server or will be locked due to DDOS attack

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gudayuzazo (OP)
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July 19, 2020, 11:32:43 PM
 #6

Thanks for the suggestions,guys
I've never heard of Btcpay before,i think i'll look into it.
gudayuzazo (OP)
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July 19, 2020, 11:57:03 PM
 #7

Thanks for the suggestions,guys
I've never heard of Btcpay before,i think i'll look into it.

Thanks,CrytpoWoo seems way easier to setup than BTCPay,might be worth the fees.
BearMonster17
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March 18, 2021, 06:15:19 PM
Last edit: March 20, 2021, 10:25:50 PM by BearMonster17
 #8

Hmm.. I think I can help you solve your problem. Creating a payment gateway is really a very difficult task, which requires maximum care and responsability, since the success of your company directly depends on it. Just one mistake with transactions and you will immediately start writing terrible reviews on absolutely all existing services. I think you definitely don't need it, because this way you will completely ruin your business. In order to have the most efficient gateway, I advise you to contact maxpay, which also provide chargeback prevention services. I think these guys will allow you to create the perfect payment system and thus all your customers will be satisfied!
BitMaxz
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August 17, 2022, 11:01:32 PM
 #9

Hi, is it possible to save customers' confidential data when they make purchases not only through cryptocurrencies, but for example by card. What payment provider to choose for this task or what to do?


Are you talking about accepting debit/credit cards on your merchant website? On my old project before I only use Woocommerce with a Paypal payment gateway to accept Paypal payments or debit/credit cards.

This is not related to this topic so I think it would be better read this list of payment gateway for Woocommerce here below
- https://woocommerce.com/product-category/woocommerce-extensions/payment-gateways/

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