Topic: BTCpay Server: A Real e-Commerce Game Changer? (Read 973 times)

It is good to see this thread receive a post such as yours where a success story is shared.

There are many options for cryptocurrencies but if your found BTCPay Server to be the solution that worked for you, then that is good news and you are not alone. Many businesses are using it and are also installing plugins for exchanges such as Fixedfloat and SideShift which allow customers to use various crypto at checkout but the shop owner receives BTC.




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If you (or anybody else) do install a crypto payment plugin, I would advise you to never use Fixedfloat because they have an outstanding allegation against them and the way they bullied the accuser and his client by forcing them to go through KYC and yet still have no information about whether their €8000 was returned after Fixedfloat confiscated it, you have to beware: Fixedfloat is scamming me for 8000+ EUR IMPORTANT PSA!

I created an e-commerce website for fitness jewellery products that I make. I wanted to implement payment gateway on my website because e-commerce is dead and very new in my country. Strike, Woopayments and many other companies don't support my country. I had some local options but they charge a lot and the plugin requires monthly payments. So what's the solution in this case? To install BTCPayserver plugin on your Wordpress website and accept Bitcoin and altcoin payments. That's what I did and I feel relaxed right now. Cryptocurrencies are the best payment method around the world, they are easy, don't require any specific criteria, support every country and galaxy.

I simply wanted to say thank you to BTCPayserver developers and share my experience here. Plugin and website works nicely but sadly there is no demand on crypto payments.

Sorry for not replying to this earlier, you made some excellent observations which should be kept in mind when thinking about BTCPay Server or any other crypto payment system. You are absolutely right, software providing similar services can be found elsewhere and for business most probably the desire to at some stage to exchange crypto to fiat - there is no doubting that but businesses do evolve so in the future hopefully more online businesses will accept crypto and not feel the need to rush in to exchanging it for fiat.

For some new and existing businesses it might seem for them to make more sense of not paying $8.80 per month on Lunanode or even more money elsewhere and instead pay the commission to 3rd party payment processors in order to minimise outlay at least until the commission begins to exceed the outlay.

Having said that, the biggest obstacle I see standing before those wanting to test or implement a service such as BTCPay Server are the technical requirements. Many business service providers and retailers do not possess the technical know-how to install software using command line. They might be brilliant at selling and marketing but that does not mean they can use BTCPay Server. To be fair to them, it is so much easier for the uninitiated to use a plugin on their ecommerce cart.

And you can do it with any of the nodes in a box yourself. (raspiblitz, mynode, umbrel)

I think the biggest obstacle still is that most businesses need fiat. So they wind up converting most of crypto they take in to cash. With that in mind, it's easier to just use any of the crypto payment gateway services and have them do it for you.

We here on the forum are fringe cases and really like BTC / crypto in general. But for most businesses, it's just another way to get paid.

-Dave

BTCpay server has released v 1.4.4 and this release has various bugs fixed: https://github.com/btcpayserver/btcpayserver/releases

This service is not being used as widely as I would have hoped, probably because of the element of a certain level of technical skills required in order to install which many online sellers and traders may lack. The BTCpay server project has gone from strength to strength therefore I hope those alternatives give this a try because it will save on third-party transaction fees but it will have a small hosting cost.

Lunanode are still launching BTCpay server for clients at just $8.80 per month for anyone wanting to test how it works: https://launchbtcpay.lunanode.com/

Latest version of BTCPay Server comes with some really interesting updates, improvements and bug fixes.
They added support for Taproot, Lightning Address and LNURL protocol, dark/light theme switch and it is still open source available to everyone.
BTCPay Server is probably the best option we currently have to add Bitcoin payment processor and accept BTC payments for your business without any fees or third parties.

Note that version 1.3.1 is released just day after to fix some flickering and payment switching bug.
https://github.com/btcpayserver/btcpayserver/releases

With the ease that BTCPay Server can be used by any ecommerce offering outlet is should be no surprise to find more and more companies integrating it. I also did not know Namecheap were using BTCPay Server but now they others will follow. Maybe many other domain registrars and web hosting companies are already using it.

It many cases it really does make sense for ecommerce traders to cut out the middle men (3rd party plugins) and do it themselves so it saves giving transaction fees to others that do the same job. Once you know you are making enough every month to cover your server fees that runs BTCPay Server then it makes to use it.

I was surprised to find out that Namecheap is now using BTCpay. There is still the BitPay option but BTCpay is right next to it. The minimum amount of funds you can add to your account is only $1 and they are also using bech32 addresses for their invoices and you can pay with Lightning.

https://btcpayserver.org/   :   It works smooth. The only problem I visit is that when creating an invoice, the user will get a bitcoin deposit address only for one time. According to the guide from Btcpayserver, its impossible to save this public key in the database. So when to use this for a casino or something, is there any way to adjust the code that customers will have the same bitcoin address, and not every time a new address that is generated by the system? Many thanks. If you can help me, please PM me and I will pay you for your help.

BitPay offering fiat conversion straight a bank account is a massive plus point for people wanting an easy plugin solution so yes you are right without doubt, as long as others catching up are involving fiat conversions as part of the solution then BitPay would have more competition on its hands and other plugin options would be far greatly used. It will not stop non-BitPay users others using other options but they will have (as you rightly stated) have to find methods of converting their crypto to fiat.

Worthy thoughts but the thing that counts with Bitpay and the overwhelming majority of merchants is the fiat part and nothing else.

The fiat bit is what their competition needs to concentrate on and most won't have the finance or the patience or the contacts to go down that route. They can of course integrate with exchanges but that's another step for merchants themselves to deal with and another account to create. Many won't bother.

Bitpay is a one stop shop and that's what their market wants. The operations that may compete with them on that will be just as corporate and may have their own gross habits too.

A pure crypto economy would be a different matter but that's generations away, if ever.

Thank you for bringing it to my attention, I have added the links now 

i think you forgot to insert the useful links in the OP. It would be awesome if they were included especially for Newbies who might me prone to phishing websites 

BitPay is still a major force within the crypto-sphere but over time their powers will definitely dwindle as competition rises.

There are so many easy plugins for various e-commerce carts and also BTCpay Server with other options for those that can install and run software on their own server it means BitPay with its fiat withdrawals which are beneficial will not be the only option out there.

They will remain one of the most popular choices for anyone who doesn't want to deal with the hassle of selling coins for fiat by themselves. Medium-sized and bigger companies will also tend to prefer to work with someone more established in the space. But it's always great if the barriers of entry are lowerfor non-technical enthusiasts as well as for those who don't mind the price volatility, perhaps due to fat margins.

And for most businesses volatility also might not necessarily be a huge issue so long as cryptocurrency payments are a small percentage of their total payments.

I understand your point about volatility in crypto prices but as old-fashioned as it might seem the straight forward way around this issue is for a store owner to manually convert their received BTC in to a stable coin themselves via an exchange.

Thank you for clarifying it. It's kind of a hassle to register an account to buy an item or a service of some sort. I remember when using CoinPayments, it would easily be sent you just have to put some details like email. I steered away from CoinPayments as well when they required the KYC as well for members. It's become quite a hassle as well.

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It's a healthy competition then. I'm hopeful that there would be a payment processor that would overtake anyone. Could there be a decentralized one too? No regulations to follow or something? It would be harder and lots of consequences with that, I guess.

@crwth, LTU_btc It's true that it will likely dominate for a long time to come, but when it actually has good competitors who now have funding, like btcpay does, it will be forced to innovate to remain competitive. So if it chooses to do so, then it's still a win.


This is what I'm getting at. It used to be something of an effort to learn to use the thing but now with the additional options, fee management, escrow, just so many things you get (that you don't with BitPay), eventually, the more savvy web users will use btcpayserver as easily as they would BitPay, if not even easier.

They were great before they got funding, they're going to be so much faster at rolling out new implementations now they got financial backing.

P.S. Good to see this move to Service Discussion, deserves one!

The latest version of btcpayserver shows exactly how far the team behind it have come as a group, well done to them. With all the assistance they received from grants especially the $150,000 from Kraken (who now use btcpayserver in their exchange) they have come a long way.

Those with websites using wordpress, woocommerce, drupal and others that can implement btcpayserver via plugins should consider giving it a try.

I'm in a similar boat.  I sadly suspect there will always be a market for centralised services.  It largely depends on the individual.  Some people are prepared to take the initiative, learn what they need to learn and do things on their own.  Some would rather take the comfortable and convenient option of trusting someone else to handle things for them, or perhaps have other significant commitments to their time and would rather outsource anything they don't have time to grasp.  The latter types will continue to flock to Bitpay and their ilk.

Fingers crossed that Bitpay's influence will be reduced, but I'm not convinced it'll end their business model.