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Author Topic: [ANN] Mt.Gox launches the definitive bitcoin checkout solution.  (Read 8478 times)
Mt.Gox Support
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March 06, 2012, 02:15:52 PM
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https://mtgox.com/press_release_20120306.html With Video tutorial.

Bitcoin brethren,

Since our beloved crypto-currency mushroomed in popularity last summer, we’ve seen many trail blazing merchants start accepting bitcoin; however admittedly, we haven’t seen the kind of bitcoin adoption in the online marketplace we expected to see. We feel this is largely because a critical element - a feature rich, quick to launch, checkout solution - was missing for merchants to easily start accepting bitcoin. With this in mind, we at Mt.Gox decided to take a kick at the can to see if we could dream up a solution that takes the head-ache out receiving payments in bitcoin. While we were at it, we also managed to find a way to remove all of the merchant-specific risk too...

We are pleased to announce the amalgamation of our efforts in the form of a definitive bitcoin checkout solution, and we’re finally ready to show it off in all of it’s bare-bones glory.

With Mt.Gox checkout merchants are able to easily integrate bitcoin into their existing e-Commerce platform. We’ll be kicking things off by offering a downloadable Magento plugin within the next 2 weeks, but plan to develop plugins for other popular e-Commerce solutions to bring bitcoin to all corners of the web. As for now, we have put up the documentation for early adopters on Mt.Gox’s bitcoin wiki page under the Merchant API section:

MtGox API: Merchant System

A little more about Mt.Gox checkout:

  • Transactions are ridiculously free
  • Customers can pay in BTC from their Bitcoin program (6 confirmations)
  • Mt.Gox account holders can pay from their Mt.Gox accounts, allowing for instant checkout (and impulse buys, oh my’s)
  • Pay instantly via Mt.Gox Mobile’s QR scanner (great for people who don’t want to pay from their office workstation!)
  • Split payment capabilities: Wanna go halfers with your buddy on alpaca socks...now you can!
  • Partial payments: If you don’t have enough in your bitcoin program, you can top off the payment with your Mt.Gox BTC balance (or vice versa)
  • (Soon) Bitcoin prices are displayed in real-time relative to the merchants listed price in a traditional currency (USD, EUR, etc.)
  • (Soon) An instant trade-on-receipt function that cashes out bitcoins in 1 of 16 currencies
  • (Soon) Easily embed the “Mt.Gox Checkout” button into your existing checkout page.

We are really, really excited to offer this solution to existing merchants, and know it will be a huge boon to the bitcoin marketplace over the next few months.

There really isn’t a reason to suffer using Paypal any longer; bitcoin is here in a merchant friendly package, so we invite you to see the whole checkout process: thanks to this video Mt.Gox e-Commerce Solution from MtGox on Vimeo.

Questions and feedback are welcome at checkout@mtgox.com

Regards,

The Mt.Gox Team

Mt.Gox : The Leading International Bitcoin Exchange.
Mt.Gox Merchant Solutions : https://mtgox.com/merchant
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March 06, 2012, 02:30:17 PM
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Nice work Mt. Gox. I guess Bitpay got its first real competitor. This is good for Bitcoin.

Edit: Although I must add that I don't like the fact that more and more Bitcoin usage is centralized to one place. Overall I think this is good for Bitcoin, we need more convenient and cheap services to support the Bitcoin economy.

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March 06, 2012, 02:31:00 PM
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https://mtgox.com/press_release_20120306.html With Video tutorial.

Bitcoin brethren,

Since our beloved crypto-currency mushroomed in popularity last summer, we’ve seen many trail blazing merchants start accepting bitcoin; however admittedly, we haven’t seen the kind of bitcoin adoption in the online marketplace we expected to see. We feel this is largely because a critical element - a feature rich, quick to launch, checkout solution - was missing for merchants to easily start accepting bitcoin. With this in mind, we at Mt.Gox decided to take a kick at the can to see if we could dream up a solution that takes the head-ache out receiving payments in bitcoin. While we were at it, we also managed to find a way to remove all of the merchant-specific risk too...

We are pleased to announce the amalgamation of our efforts in the form of a definitive bitcoin checkout solution, and we’re finally ready to show it off in all of it’s bare-bones glory.

With Mt.Gox checkout merchants are able to easily integrate bitcoin into their existing e-Commerce platform. We’ll be kicking things off by offering a downloadable Magento plugin within the next 2 weeks, but plan to develop plugins for other popular e-Commerce solutions to bring bitcoin to all corners of the web. As for now, we have put up the documentation for early adopters on Mt.Gox’s bitcoin wiki page under the Merchant API section:

MtGox API: Merchant System

A little more about Mt.Gox checkout:

  • Transactions are ridiculously free
  • Customers can pay in BTC from their Bitcoin program (6 confirmations)
  • Mt.Gox account holders can pay from their Mt.Gox accounts, allowing for instant checkout (and impulse buys, oh my’s)
  • Pay instantly via Mt.Gox Mobile’s QR scanner (great for people who don’t want to pay from their office workstation!)
  • Split payment capabilities: Wanna go halfers with your buddy on alpaca socks...now you can!
  • Partial payments: If you don’t have enough in your bitcoin program, you can top off the payment with your Mt.Gox BTC balance (or vice versa)
  • (Soon) Bitcoin prices are displayed in real-time relative to the merchants listed price in a traditional currency (USD, EUR, etc.)
  • (Soon) An instant trade-on-receipt function that cashes out bitcoins in 1 of 16 currencies
  • (Soon) Easily embed the “Mt.Gox Checkout” button into your existing checkout page.

We are really, really excited to offer this solution to existing merchants, and know it will be a huge boon to the bitcoin marketplace over the next few months.

There really isn’t a reason to suffer using Paypal any longer; bitcoin is here in a merchant friendly package, so we invite you to see the whole checkout process: thanks to this video Mt.Gox e-Commerce Solution from MtGox on Vimeo.

Questions and feedback are welcome at checkout@mtgox.com

Regards,

The Mt.Gox Team

Great work Mark! Undoubtedly a much needed feature for the Bitcoin community. AurumXchange might be using it very soon for some of our services!

Thanks
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March 06, 2012, 02:50:14 PM
 #4

This sounds great.

  • Customers can pay in BTC from their Bitcoin program (6 confirmations)
  • Mt.Gox account holders can pay from their Mt.Gox accounts, allowing for instant checkout (and impulse buys, oh my’s)

I wonder what the '6 confirmations' means. Will it take 6 confirmations until my purchase goes through if I use Bitcoin?
If this is the case the video is not a good use-case for buying a map to the nearest Starbucks.
Is this to avoid double spends or is this to promote Mt.Gox accounts?



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March 06, 2012, 02:59:37 PM
 #5

Another fantastic product from the Tibanne and MtGox team

Go Gox Go!

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Strength in numbers


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March 06, 2012, 03:07:43 PM
 #6

This sounds great.

  • Customers can pay in BTC from their Bitcoin program (6 confirmations)
  • Mt.Gox account holders can pay from their Mt.Gox accounts, allowing for instant checkout (and impulse buys, oh my’s)

I wonder what the '6 confirmations' means. Will it take 6 confirmations until my purchase goes through if I use Bitcoin?
If this is the case the video is not a good use-case for buying a map to the nearest Starbucks.
Is this to avoid double spends or is this to promote Mt.Gox accounts?


The number of confirmations should be custom. For some things (an exchange) 6 is reasonable, for access to a cheap download it completely wrecks the service and ought be 0 confirmations. For most things that are being shipped customer should get a message that they are paid after 0 confirmations and the merchant should get the go ahead after 6 or whatever.

But I haven't even used it, maybe the definitive solution already allows this.

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Working on new MtGox features


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March 06, 2012, 03:14:51 PM
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The number of confirmations should be custom. For some things (an exchange) 6 is reasonable, for access to a cheap download it completely wrecks the service and ought be 0 confirmations. For most things that are being shipped customer should get a message that they are paid after 0 confirmations and the merchant should get the go ahead after 6 or whatever.

But I haven't even used it, maybe the definitive solution already allows this.

This configuration is to be set on the merchant side. Our Magento module (and any module we release after that) will include this setting.

Right now we only allow two values, either confirm payment at 0 confirmations (instantly when the transaction is seen) or at 6 confirmations. Note that when sending from an MtGox account, there is no need for confirmations.

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March 06, 2012, 03:20:53 PM
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Thanks for your contribution to the community Tux! Smiley

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March 06, 2012, 03:21:10 PM
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I don't mean to hate on whoever did up the video (it's great), but you might want to consider dubbing it with a voice that is more easily understood - a native English speaker for instance.

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March 06, 2012, 03:27:46 PM
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The number of confirmations should be custom. For some things (an exchange) 6 is reasonable, for access to a cheap download it completely wrecks the service and ought be 0 confirmations. For most things that are being shipped customer should get a message that they are paid after 0 confirmations and the merchant should get the go ahead after 6 or whatever.

But I haven't even used it, maybe the definitive solution already allows this.

This configuration is to be set on the merchant side. Our Magento module (and any module we release after that) will include this setting.

Right now we only allow two values, either confirm payment at 0 confirmations (instantly when the transaction is seen) or at 6 confirmations. Note that when sending from an MtGox account, there is no need for confirmations.

Nice.

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March 06, 2012, 03:39:38 PM
 #11

That french accent makes want to puke  Lips sealed

Also, Prestashop module please Smiley

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March 06, 2012, 03:46:39 PM
 #12

sounded like someone with a French accent.  Mark?  Wink

i'm really impressed that Mark has continued to move forward with mtgox and innovations despite all the pressures, hacks, complaints, and adverse events over the last year. 

i think Mark has nerves of steel and turns out to be just the kind of person we needed to run mtgox.
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March 06, 2012, 04:01:35 PM
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Very nice. Can't wait to see the first shops start to use it.

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March 06, 2012, 04:05:35 PM
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I noticed the example in the video is a microtransaction valued around 25 cents. This is a significant distinction from other payment options.

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March 06, 2012, 04:17:11 PM
 #15

I don't mean to hate on whoever did up the video (it's great), but you might want to consider dubbing it with a voice that is more easily understood - a native English speaker for instance.

I love the french video, it makes me want to watch it over and over  Grin

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March 06, 2012, 04:30:44 PM
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I noticed the example in the video is a microtransaction valued around 25 cents. This is a significant distinction from other payment options.

^ This! And I can't wait until more realize it.

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March 06, 2012, 06:41:59 PM
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Did they hire Jean Dujardin for the voice over the video ?

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March 06, 2012, 08:15:06 PM
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what is the process like on customer's end paying with MTGOX account balance? is it similar to PP's login and confirm?
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March 06, 2012, 08:55:10 PM
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LMAO
awesome accent
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1ngldh


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March 06, 2012, 08:57:22 PM
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what is the process like on customer's end paying with MTGOX account balance? is it similar to PP's login and confirm?
Pretty much, the video shows the details.

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