There is some misunderstanding in earlier posts here. Btcpay is software (Free and Open Source), it talks the same way Bitpay expects. The idea is, any merchant already using Bitpay on their site could stop using them, and switch to using btcpay setting it themselves or have a (different) third party.
This is why you are not going to see "btcpay" much as most sites switching to it would appear they are accepting bitcoin directly.
So yes, anyone could use btcpay to setup a bitpay clone service, and the merchants themselves can do it.
Ideally merchants would just take bitcoin directly, but i guess some people want to keep all their accounting in fiat. By using a payment processor, all they ever see is fiat, the processor exchanges it before it reaches them.
Topic: Best Bitcoin Payment Gateway (Read 312 times)
The best way is to accept bitcoin directly and cut out all the middlemen. This is was the whole purpose of bitcoin in the first place. Don't let middlemen leech off your business without providing any real value to you.
That's cool if you have no supply chain, or your entire supply chain feels the same. If they don't then you're stuck with the current bunch of kludges.
I would start off by seeing whether my staff wanted to be paid in BTC and then ask the other companies I work with. It might be slow but things may flower from there.
The reason why they add middlemen to have at least secured transaction. Companies that have entered cryptocurrency for its users want to be affiliated with Payment gateways to be easier and essential.
That's the purpose of bitcoin since it's decentralized, the purpose of it is getting wider, better and to make it more user-friendly especially to those non-techy people. Bitcoin wasn't really for technology, it's also for businesses.
The best way is to accept bitcoin directly and cut out all the middlemen. This is was the whole purpose of bitcoin in the first place. Don't let middlemen leech off your business without providing any real value to you.
That's cool if you have no supply chain, or your entire supply chain feels the same. If they don't then you're stuck with the current bunch of kludges.
I would start off by seeing whether my staff wanted to be paid in BTC and then ask the other companies I work with. It might be slow but things may flower from there.
The best way is to accept bitcoin directly and cut out all the middlemen. This is was the whole purpose of bitcoin in the first place. Don't let middlemen leech off your business without providing any real value to you.
Though it may not be sexually attractive to admit it, if I were running a business it would have to be Bitpay.
I wouldn't want to fuck around with my own exchange accounts on top of BTCpay. I want one agreement that results in fiat winding up in my account no matter what. I would not want any grey areas.
So BitPay is taking BTC from the clients but paying his clients (Merchants) in fiat?I wouldn't want to fuck around with my own exchange accounts on top of BTCpay. I want one agreement that results in fiat winding up in my account no matter what. I would not want any grey areas.
For example: I have service with namecheap and I use Bitcoin to pay them. If BitPay is operating like I said in the first line then namecheap is not actually receiving any Bitcoin but they are receiving fiat from BitPay?
Correct. It's basically an exchange.
That's the only reason bitpay is still tolerated. They have the banking where hardly anyone else does. Coinbase is the most obvious competitor but they seem to have wound down a bit and have implemented changes that have turned off potential users.
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Though it may not be sexually attractive to admit it, if I were running a business it would have to be Bitpay.
I wouldn't want to fuck around with my own exchange accounts on top of BTCpay. I want one agreement that results in fiat winding up in my account no matter what. I would not want any grey areas.
So BitPay is taking BTC from the clients but paying his clients (Merchants) in fiat?I wouldn't want to fuck around with my own exchange accounts on top of BTCpay. I want one agreement that results in fiat winding up in my account no matter what. I would not want any grey areas.
For example: I have service with namecheap and I use Bitcoin to pay them. If BitPay is operating like I said in the first line then namecheap is not actually receiving any Bitcoin but they are receiving fiat from BitPay?
Though it may not be sexually attractive to admit it, if I were running a business it would have to be Bitpay.
I wouldn't want to fuck around with my own exchange accounts on top of BTCpay. I want one agreement that results in fiat winding up in my account no matter what. I would not want any grey areas.
If I were manufacturing and selling my own stuff with high margins then I would go BTCPay and keep most of the BTC, but that's not how most businesses work. The money you're taking in has most likely already been spent and needs recouping before it flies out the door immediately again.
It's easy to get idealistic about it. That don't pay the bills.
What I do find strange is how little competition there still is for this area. That says something about Bitcoin as a payment method.
I wouldn't want to fuck around with my own exchange accounts on top of BTCpay. I want one agreement that results in fiat winding up in my account no matter what. I would not want any grey areas.
If I were manufacturing and selling my own stuff with high margins then I would go BTCPay and keep most of the BTC, but that's not how most businesses work. The money you're taking in has most likely already been spent and needs recouping before it flies out the door immediately again.
It's easy to get idealistic about it. That don't pay the bills.
What I do find strange is how little competition there still is for this area. That says something about Bitcoin as a payment method.
So what's the best Bitcoin payment gateway now and tell me why it's the best one?
The definition of the word "best" varies from person to person. For example, traders prefer to use Bitpay because the main purpose is to make profits.Bitcoin can be accepted as a payment system as long as there is a way to avoid volatility. Bitpay is an ideal alternative for these people as the profits are deposited into your account.
Quote
Receive funds directly to your bank account with zero price volatility or risk.
If you believe in Bitcoin, you must accept payment it directly and decentralized, so the best solution is BTCPay.
Still, there are many people who voted for bitpay even it's not a user-friendly platform now.
Noted, I'm not very familiar with that payment gateway. I'm only familiar with those gateways who has been used and tested by many people.
I hope you've checked the articles regarding bitpay now. I know it's a great bitcoin payment gateway but not today.
There is also https://www.coinpayments.net/
Noted, I'm not very familiar with that payment gateway. I'm only familiar with those gateways who has been used and tested by many people.
I haven't come across large scale transactions through different payment gateways. Through articles came to know about bitpay having increased service being provided through it. In specific they have got a team which also helps with making the transaction with all legal processes fulfilled. Upon the same I find bitpay to be the best.
I hope you've checked the articles regarding bitpay now. I know it's a great bitcoin payment gateway but not today.
It must be related to the wordpress plugin making it easy for bitpay to be by merchants. For someone who just want to sell something on their wordpress site, bitpay plugin must be the one suggested by the fellow website admins. Same goes for the coinpayments. Purchase below $3k doesn't need KYC which excludes these small time merchants from submitting documents.
Still, there are many people who voted for bitpay even it's not a user-friendly platform now.
Noted, I'm not very familiar with that payment gateway. I'm only familiar with those gateways who has been used and tested by many people.
I hope you've checked the articles regarding bitpay now. I know it's a great bitcoin payment gateway but not today.
Not now, I've come through lot of articles earlier. One being the purchase of a home with bitcoin. Here bitpay has helped with all the legal processes, and the user who bought the house profited big as the price of bitcoin grow between the days of confirming the value of the property and the day of settlement. This helped him own a Lamborghini with the excess amount. There is also https://www.coinpayments.net/
Noted, I'm not very familiar with that payment gateway. I'm only familiar with those gateways who has been used and tested by many people.
I haven't come across large scale transactions through different payment gateways. Through articles came to know about bitpay having increased service being provided through it. In specific they have got a team which also helps with making the transaction with all legal processes fulfilled. Upon the same I find bitpay to be the best.
I hope you've checked the articles regarding bitpay now. I know it's a great bitcoin payment gateway but not today.
Still, there are many people who voted for bitpay even it's not a user-friendly platform now.
Noted, I'm not very familiar with that payment gateway. I'm only familiar with those gateways who has been used and tested by many people.
I hope you've checked the articles regarding bitpay now. I know it's a great bitcoin payment gateway but not today.
There is also https://www.coinpayments.net/
Noted, I'm not very familiar with that payment gateway. I'm only familiar with those gateways who has been used and tested by many people.
I haven't come across large scale transactions through different payment gateways. Through articles came to know about bitpay having increased service being provided through it. In specific they have got a team which also helps with making the transaction with all legal processes fulfilled. Upon the same I find bitpay to be the best.
I hope you've checked the articles regarding bitpay now. I know it's a great bitcoin payment gateway but not today.
I haven't come across large scale transactions through different payment gateways. Through articles came to know about bitpay having increased service being provided through it. In specific they have got a team which also helps with making the transaction with all legal processes fulfilled. Upon the same I find bitpay to be the best.
In case you just need process coins take a look
https://developer.bitaps.com/forwarding
https://developer.bitaps.com/wallet
No KYC
https://developer.bitaps.com/forwarding
https://developer.bitaps.com/wallet
No KYC
Yes, banning countries is very sad.
I check listing and see.. Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Egypt, Germany, Indonesia, Iraq, Kyrgyzstan, Morocco, Nepal, and Vietnam.
How they choose it?
Because most of these countries (or maybe all) you mentioned are not crypto-friendly, I mean it's illegal to do a crypto-related thing on that country. I check listing and see.. Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Egypt, Germany, Indonesia, Iraq, Kyrgyzstan, Morocco, Nepal, and Vietnam.
How they choose it?
A few more reasons to not use BitPay:
I don't think that two could argue about whether btcpayserver is the best solution here because it clearly is.
We should understand though, that these centralized payment processors are simply businesses trying to make money and survive with the laws and regulations. It must be the community responsibility to spread awareness regarding btcpay and also propose it for merchants but that could be hard because as said above, most of the services out there are just looking to accept bitcoin as an additional payment method to have more gains and not to hold it or invest in it, and in this scenario, centralized solutions are considered better because they facilitate the process of converting btc to fiat.
- Banning countries (that include users, and not only merchants)
- Implementing BIP70 - More about it here
- KYC for Purchases over $3K (Yes, for users)
I don't think that two could argue about whether btcpayserver is the best solution here because it clearly is.
We should understand though, that these centralized payment processors are simply businesses trying to make money and survive with the laws and regulations. It must be the community responsibility to spread awareness regarding btcpay and also propose it for merchants but that could be hard because as said above, most of the services out there are just looking to accept bitcoin as an additional payment method to have more gains and not to hold it or invest in it, and in this scenario, centralized solutions are considered better because they facilitate the process of converting btc to fiat.
Yes, banning countries is very sad.
I check listing and see.. Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Egypt, Germany, Indonesia, Iraq, Kyrgyzstan, Morocco, Nepal, and Vietnam.
How they choose it?
Are you looking to keep the coins or convert to fiat?
What is your average purchase amount?
Do you want to host it yourself or have someone else deal with it?
There is also https://www.coinpayments.net/
All have their good and bad points. But there is no one size fits all.
It's like asking what is the best car?
For what? Hauling your family around? Best gas mileage? Best handling?
-Dave
What is your average purchase amount?
Do you want to host it yourself or have someone else deal with it?
There is also https://www.coinpayments.net/
All have their good and bad points. But there is no one size fits all.
It's like asking what is the best car?
For what? Hauling your family around? Best gas mileage? Best handling?
-Dave
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For me, it's BTCpay since it's free and open-source with LN payment method. 
I have never used them, in fact I have never come across to a merchant who BTCpay. Quoting it for reference.I do not like any of them above but used BitPay and I do not like them at all. You require to have their own wallet and also they restricted some county which is not why Bitcoin invented.
By the way, did you forget coinpayments.net? I thought that's also a payment processor?
those gateway need kyc first.
we can use blackchain wallet api create payment gateway by myself.
we can use blackchain wallet api create payment gateway by myself.
A few more reasons to not use BitPay:
I don't think that two could argue about whether btcpayserver is the best solution here because it clearly is.
We should understand though, that these centralized payment processors are simply businesses trying to make money and survive with the laws and regulations. It must be the community responsibility to spread awareness regarding btcpay and also propose it for merchants but that could be hard because as said above, most of the services out there are just looking to accept bitcoin as an additional payment method to have more gains and not to hold it or invest in it, and in this scenario, centralized solutions are considered better because they facilitate the process of converting btc to fiat.
- Banning countries (that include users, and not only merchants)
- Implementing BIP70 - More about it here
- KYC for Purchases over $3K (Yes, for users)
I don't think that two could argue about whether btcpayserver is the best solution here because it clearly is.
We should understand though, that these centralized payment processors are simply businesses trying to make money and survive with the laws and regulations. It must be the community responsibility to spread awareness regarding btcpay and also propose it for merchants but that could be hard because as said above, most of the services out there are just looking to accept bitcoin as an additional payment method to have more gains and not to hold it or invest in it, and in this scenario, centralized solutions are considered better because they facilitate the process of converting btc to fiat.
Thank you for that very informative statement Sir.
I think it was the banning of country which had been my problem since Day 1 of researching of how to get in and out.
This information should really be pinned since there may be a lot of people out there who still doesnt have this kind of knowledge.
Specially merchants. Imagine them being stopped by KYC's and a lot more information before they can even make withdrawals or send a huge amount of money.
Been there and it gave me some hard time and almost all my info is leaked just because of it.
A few more reasons to not use BitPay:
I don't think that two could argue about whether btcpayserver is the best solution here because it clearly is.
We should understand though, that these centralized payment processors are simply businesses trying to make money and survive with the laws and regulations. It must be the community responsibility to spread awareness regarding btcpay and also propose it for merchants but that could be hard because as said above, most of the services out there are just looking to accept bitcoin as an additional payment method to have more gains and not to hold it or invest in it, and in this scenario, centralized solutions are considered better because they facilitate the process of converting btc to fiat.
- Banning countries (that include users, and not only merchants)
- Implementing BIP70 - More about it here
- KYC for Purchases over $3K (Yes, for users)
I don't think that two could argue about whether btcpayserver is the best solution here because it clearly is.
We should understand though, that these centralized payment processors are simply businesses trying to make money and survive with the laws and regulations. It must be the community responsibility to spread awareness regarding btcpay and also propose it for merchants but that could be hard because as said above, most of the services out there are just looking to accept bitcoin as an additional payment method to have more gains and not to hold it or invest in it, and in this scenario, centralized solutions are considered better because they facilitate the process of converting btc to fiat.
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