Topic: BconGlobal non-custodial direct to wallet crypto gateway (Read 247 times)

Nice project, I like the website design. I’m thinking of trying the Wordpress API.

Though, there’re slight errors on website content. If you’re willing to collaborate with us, we’ll be glad to work with you in improving your website content.

Watch our videos and articles:

How to install our Wordpress plugin : https://youtu.be/c0tHO6eIlTk?si=Vaagn34qIyUWJSOf
How to install our OpenCart plugin  : https://youtu.be/d-_WoGF_C6U?si=XDRMEMOcvxEo5NrO


Our Articles :

How to connect blockchain.com wallet to bcon.global gateway
https://medium.com/@bconglobal/how-to-connect-blockchain-com-wallet-to-bcon-global-gateway-f066c50871e5

How to find xpub in TOP crypto wallets for E-commerce ( Part1 )
https://medium.com/@bconglobal/how-to-find-xpub-in-top-crypto-wallets-for-e-commerce-part1-4d53c29db791

Payment MEMO as a Key Technical Aspect of Transaction Identification when Using Cryptocurrencies in Ecommerce
https://medium.com/@bconglobal/payment-memo-as-a-key-technical-aspect-of-transaction-identification-when-using-cryptocurrencies-in-77ec64d26fdd

No, we only charge a 1% fee on the transaction amount processed through our API. There are no other fees besides the 1%. Furthermore, you can use the wallet connected to us as you wish, for manual payments, for example. We will not charge you a fee for payments that were not made through our API. For instance, if you received 5 payments through your website (via our plugin) and then manually processed an additional 10 payments, you will only be charged a fee for the 5 processed through our plugin.

Thanks for explaining it now. The part with the fees and how the clients would pay them was the only thing that wasn't clear to me. But now I get it. The client pays a sum up front. This money goes directly to you instead of charging individual fees from the client account every time they finalize a trade with someone. Just for 100% clarity, if the fees I need to pay is $10, there is no chance that my account will be charged $10.50 or $11 for any reason, right? 

The P2P trading doesn't need any further explanation, thanks!

I probably explained it poorly. I'll try to explain it to you again. All transactions between your customer and you (your store) occur in a P2P (peer-to-peer) format. You pay a fee by topping up your balance on our platform. For example, if you want to use our service, you transfer $50 to your account balance. These funds are already on our account, and we simply deduct the fee from transactions against this balance. You don't need to pay the fee through the blockchain every time; it's already on our account. Let's say your transaction volume amounts to $1000; we deduct $10 from your balance, leaving you with $40. This is just a record in our database, nothing more. Your balance can even go negative if you forget to top it up in time and then settle the debt later. If you want to stop using our service, you can request a withdrawal of the remaining balance to your wallet. The essence of the service is that we can't influence your P2P transactions between you and your customer. Is it clearer now?

Since the address from which the fees will be deducted is with a custodial service, BconGlobal wouldn't have to charge the user every time there is a new transaction. All the fees could be collected and deducted only once a week or month. That way the clients would save on the fees. Another option would be to deduct the fees via the Lightning Network instead of on-chain.

1. If the network is crowded/overloaded, will the user still pay with Bitcoin? Or will they choose BNB with lower fees? As a service, we cannot base our decisions on network congestion and blockchain fees as they are volatile. When you connect to our API, you can decide whether you will pay the fee yourself or add 1% to the cost of the product for the user to cover it.

2. Currently, we only work with two blockchains, BTC and BNB. The address format for these blockchains is different, and you need to specify a wallet address separately for each. Have your own wallet for BTC and a separate one for BNB. Moreover, this is done so that if you ever want to receive funds on different SEEDs, you can.

3. We cannot convert anything since no money goes to our accounts, and we cannot even indirectly influence the payment. Your buyer will have the address of your wallet indicated in the BCON invoice. That is, if you are paid in BTC, BTC will go to the corresponding wallet. If paid in BNB, BNB will be received in the corresponding BNB wallet. How you handle these funds, whether you convert them to stablecoins or another cryptocurrency, is entirely up to you. You are your own bank.

4. Refunding the user. What prevents you from refunding the user in the same way as in traditional payments? I do not know how your specific operations will be recorded on your website, but you should have an order number and an invoice number that has been settled. You can also record the blockchain transaction number in your database to precisely track the specific payment. If you do not have this data and do not want to modify your database to store it, at least keep the invoice data, order number, date, and amount. As for other data, such as transaction IDs and wallet addresses, you can track them in the BCON dashboard. We also provide CSV and Excel exports, and you can integrate this data into your database later or simply perform analytics.

 I hope I explained it clearly. In the near future, I will try to create a diagram illustrating how our service works, which may make it clearer to you.

But in this case, the user pays network fees for each transaction (and if the network is crowded, he will pay more) in addition to that 1% commission from the account balance, isn’t this true?

does the user need to include an address for each altcoins that is accepted on your site or you convert all altcoins into Bitcoin or a stablecoin and send them to the user's wallet?

I also do not know how the money will be refunded if something goes wrong or the person does not want the product.

You probably don’t understand much about our service. We do not keep the user's money in our account. We debit the commission from the account balance, which the user must top up separately. This is the amount that will be in our wallet. The 1% commission is debited only after 3 network confirmations, i.e. only when the money has reached the user.




It "merchant dashboard" tab we want to make a short description of how to get started and explanations. We're still working on this. And thanks for your comments, we will fix it.

Binance is the engine keeping BNC afloat. Most likely it has other functions too.
Binance is doing surpringly well in this bear market.

I think your website needs a tour guide in the user dashboard once a user is logged into their accounts for the first time on how to get started or how it works. Also, the spelling and grammatical mistakes should be polished up to help a user have a quick understanding of the platform

For example, this; under my wallet


I believe you wanted to say "you have not added any store yet"

The merchant dashboard tab is blank... why?

There is a problem here, which is transaction fees. If you send each individual transaction to the user’s wallet while deducting a 1% service fee, I think that a large percentage of the revenue will go as a fee. Confirmation times and transaction fees will also vary according to network congestion.
However, if you maintain a balance for the user and he can withdraw all once a week or a month, we cannot say that it is non-custodial, as there is no guarantee that you will send the money directly to the user’s wallet.

To solve this problem, I suggest that your service to be free and send currencies directly to the user’s wallet (using master public key) or exchnage between currencies and impose fees on the transfer price. The user would receive payments in any cryptocurrency and go to his wallet in Bitcoin or USDT ONLY.

Is the BconGlobal your initiative or a gig you sealed?
Well, it sounds good of an idea. Directly connecting any wallet to receive crypto payments sounds convenient and secure. Furthermore, the ability to support many blockchains is a significant benefit.

Advisably, you should work on your user interface to be more responsive and simple. Also reduce the display of pop-ups on the web pages, makes it look too busy and boring. Technology today is all about simplicity and straightforwardness. Good luck!

Use Litecoin which decentral and does not rely on any company to work.


Where do you think the blockchain / Smartchains are hosted if not in phisical servers?

Fixed ! Thank you for your feedback ! Also we will provide more blockchains to work with in future ! I hope in next 2-3 month.

Website looks amazing and i like the idea, but what unique you are providing in compared to your competitors? and i found some spelling mistakes which i think you guys should work on, as it might effect the first experience of a lot of users.


In the fist photo you can see, Right is misspelled and in the second photo "explore" is misspelled. Other than that, i liked the website and keep it up the hard work.  You guys are talking about chapter 11 and i don't think Bankruptcy of Binance will effect the functionality of website because if they bankrupted then its there problem because as this (BCON) said they didn't have the keys and no control over user's assets then how can the bankruptcy of Binance or BNB will effect this platform's? Like in the way you are saying (Willyap). i do agreed with OP here on this issue that if the users will get to use more blockchain then this platform will attract more users otherwise they are limited to only few. Most of the customers or merchants prefer, USDT (TRC20 or in any blockchain) and BTC, BNB, ETH (many don't prefer) etc.

In this regard, I completely agree with you. But if you do not consider such a prospect, but use this chain as a diversification of payments, then I believe that BNB is more suitable for daily operations, since the transaction processing speed is higher and cheaper. And we, as a payment gateway, must provide the user with a choice. It is up to the user whether to use this chain or not.

using BNB is risky I think.
Bitcoin stands alone and survives even if companies file for chapter 11.
But if Binance files or colapses what will happen to BNB, more so due to BNB Beacon Chain being the blockchain component that is responsible for the governance of the BNB Chain and manages staking and voting on the BNB Chain.

​
More details again:
When purchasing on your website, the money goes directly to your wallet that you connected. Those. Your wallet will be indicated in the user's invoice.
This could be Electrum, Exodus, Metamask, etc. . As a service, we do not have access and cannot limit or block your payments in any way. We only provide the opportunity to use our software.

Cost of services: 1% of the amount of each transaction, which you pay separately, replenishing the balance of your account (also with cryptocurrency).

All transactions between your customer and you (your store) occur in a P2P (peer-to-peer) format. You pay a fee by topping up your balance on our platform. For example, if you want to use our service, you transfer $50 to your account balance. These funds are already on our account, and we simply deduct the fee from transactions against this balance. You don't need to pay the fee through the blockchain every time; it's already on our account. Let's say your transaction volume amounts to $1000; we deduct $10 from your balance, leaving you with $40. This is just a record in our database, nothing more. Your balance can even go negative if you forget to top it up in time and then settle the debt later. If you want to stop using our service, you can request a withdrawal of the remaining balance to your wallet. The essence of the service is that we can't influence your P2P transactions between you and your customer. Is it clearer now?


1. Non-custodial (We do not store keys, and you receive money to your wallet that you connect)
2. To register, you only need to provide an email and password.
3. No KYC
4. Connect to the site in a few minutes
5. You can connect any wallet
6. Works with BTC and BNB (BEP-20)
7. 1% commission on each transaction
8. Affiliate program with 20% royalties.
9. There are plugins for OpenCart and Wordpress
10. 5 test transactions to understand how the service works.
11. Wide functionality of Dashboard (See review in our blog)
12. Flexible API


Site:  https://bcon.global/
Blog: https://medium.com/@bconglobal/
Telegram: https://t.me/bconglobal