POA20, ERC20 Token of POA Network, now boasts of the very first ERC20 token supported on the CoinPayments Platform!
CoinPayments is proud to have begun supporting POA20 payment processing. This collaboration is an exciting one for us as we believe that in the future, we will see this network model becoming more widely adopted due to its simplicity and low fees, which much like CoinPayments, aims to provide an affordable blockchain solution to any size business.
Please visit our blog at https://blog.coinpayments.net/coin-spotlight/poa-network to find out more about this exciting collaboration!
Happy Fathers Day!
Topic: CoinPayments launches 1st worldwide ERC20 token payment processing (Read 193 times)
June 07, 2018, 01:57:47 PM
It would be really cool to see which tokens are being accepted as the coins payments are upgraded. I will reach out to my community and get things going.
June 01, 2018, 05:47:03 PM
Ok im a bit confused by this topic to be honest , i was looking at adding erc20 tokens as a payment option on my site as it says "Payment Processing" , was looking around there site for info on enabling this , couldn't find anything about it , I think its a great idea as this would help a lot of these tokens expand there reach and usability , so i sent there support a email and got this reply ,
"We don't support ERC-20 tokens for payment services, however you could use the 'get_callback_address' API depending on your needs."
So if they are saying it can be used for Payment Processing, and then reply like this??
Dont get me wrong , I have used Coinpayments for many years and like there platform, just confused on whether can be used as payment processing or not r whetther there basically just being a wallet for ERC20 tokens..
Regards
Confused
"We don't support ERC-20 tokens for payment services, however you could use the 'get_callback_address' API depending on your needs."
So if they are saying it can be used for Payment Processing, and then reply like this??
Dont get me wrong , I have used Coinpayments for many years and like there platform, just confused on whether can be used as payment processing or not r whetther there basically just being a wallet for ERC20 tokens..
Regards
Confused
Sorry to confuse you like that, the news came out fast and we still had to get our support system updated.
Anyway, CoinPayments DOES support ERC20 token payment processing for participating tokens. That means the specific token needs to contact us and go through the integration process first, then all merchants using our platform can log into their dashboard and start accepting payments in that specific token.
Hope that helps clarify things!
CoinPayments – First to Offer ERC20 Token Payment Processing
Cryptocurrency payment gateway expands to include Ethereum token payments
Merchants using the CoinPayments payment gateway now have the option to accept ERC20 token payments within their ecommerce store. Until now, there hasn’t been a solution created for automated payment processing of ERC20 tokens due to the complexity of the Ethereum blockchain and the gas fees.
“Scalability and utility issues around Ethereum tokens have taken the spotlight in the cryptocurrency industry today. Once again, CoinPayments leads the way innovating the first and only ERC-20 token payment processing solution in the world!”
– Alex Alexandrov, CoinPayments CEO
The addition of ERC20 token payment processing to the CoinPayments platform benefits:
- The token company with a prebuilt solution for payment processing
- The merchant having the option to accept payments in their favorite ERC20 tokens
- The customer by providing more outlets for spending their ERC20 tokens
The CoinPayments payment gateway will allow ERC20 tokens to increase their user adoption through the premade, easy to integrate plugins & APIs offered for all the major ecommerce platforms. Instead of hundreds or thousands of companies coding their own payment processing solutions, they can conveniently use the CoinPayments platform instead.
“My vision is a world built around thousands of microeconomies focused on building niche industry specific communities. CoinPayments provides a solution for every new token to have a chance to participate in this new world of banking.”
– Alex Alexandrov, CoinPayments CEO
More information can be found on the official CoinPayments Blog Announcement for ERC20 Token Payment Processing
CoinPayments was started in 2013 as the first altcoin payment processor and has since grown to over 1.4 million accounts across 182 countries. The easy to use platform offers prebuilt plugins and integrations for all the major ecommerce platforms, including Shopify, Woocommerce and Magento. With hundreds of altcoins supported on their platform, CoinPayments leads the way in furthering the adoption of cryptocurrencies.
This is a welcome development for coinpayment users . The adoption of ERC20 tokens will increase the activities of the payment portal. Thanks to the developers of this amazing platform.
That's great to hear as I was looking for something like that since my friends in the real world have been asking me how to accept cryptocurrencies as payment for lets say work done online. I will let them know, but I will check out their platform before I do that to see that it is easy to operate. Since my friends are not that tech savvy. 
Superb service from coinpayments i had created an account with them couple years ago but never used that and now i have forgot the login details, may be i will have to re signup and use it, as i like the amount of altcoins and erc tokens they are accepting.
I guess this will help those ICOs who are based on the erc20 token to sell their products using coinpayments as a gateway. My guess is that the commission fees are going to be high in order to cover the additional fees for ethereum gas
I want to ask. In Coinpayments, there is CandyHCoin. Is this coin able to use to pay something through Coinpayments? Please answer mine, I'm so want to know about this. Thank you
I would assume that you need to talk to CoinPayments about enabling the payment feature. It's gotta be up the the coin to allow the processor, the merchant to opt to accept that coin and the customer to want to pay in that coin.
Wow, this is amazing! I don't think people actually realize how this will impact the crypto payment industry.
It's about time that more payment processing options for ERC20 tokens came around. Does anyone have an idea of how much this actually costs though?
I want to ask. In Coinpayments, there is CandyHCoin. Is this coin able to use to pay something through Coinpayments? Please answer mine, I'm so want to know about this. Thank you
CoinPayments – First to Offer ERC20 Token Payment Processing
Cryptocurrency payment gateway expands to include Ethereum token payments
Merchants using the CoinPayments payment gateway now have the option to accept ERC20 token payments within their ecommerce store. Until now, there hasn’t been a solution created for automated payment processing of ERC20 tokens due to the complexity of the Ethereum blockchain and the gas fees.
“Scalability and utility issues around Ethereum tokens have taken the spotlight in the cryptocurrency industry today. Once again, CoinPayments leads the way innovating the first and only ERC-20 token payment processing solution in the world!”
– Alex Alexandrov, CoinPayments CEO
The addition of ERC20 token payment processing to the CoinPayments platform benefits:
- The token company with a prebuilt solution for payment processing
- The merchant having the option to accept payments in their favorite ERC20 tokens
- The customer by providing more outlets for spending their ERC20 tokens
The CoinPayments payment gateway will allow ERC20 tokens to increase their user adoption through the premade, easy to integrate plugins & APIs offered for all the major ecommerce platforms. Instead of hundreds or thousands of companies coding their own payment processing solutions, they can conveniently use the CoinPayments platform instead.
“My vision is a world built around thousands of microeconomies focused on building niche industry specific communities. CoinPayments provides a solution for every new token to have a chance to participate in this new world of banking.”
– Alex Alexandrov, CoinPayments CEO
More information can be found on the official CoinPayments Blog Announcement for ERC20 Token Payment Processing
CoinPayments was started in 2013 as the first altcoin payment processor and has since grown to over 1.4 million accounts across 182 countries. The easy to use platform offers prebuilt plugins and integrations for all the major ecommerce platforms, including Shopify, Woocommerce and Magento. With hundreds of altcoins supported on their platform, CoinPayments leads the way in furthering the adoption of cryptocurrencies.
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