help supporting a merchant wanting to accept payments in bitcoin

opasch

newbie

Activity: 8

Merit: 0

Quote from: OmegaStarScream on September 12, 2018, 08:47:07 AM

Quote from: opasch on September 12, 2018, 06:10:11 AM

this is not going to be a big business in the beginning but things can grow and I need a solution that can easily scale.
Actually I find BTCPayServer very interesting but then you really have to implement everything by yourself including the exchange part to convert in fiat and transfer to the merchant's bank account? How would you do that?

I assumed that you want to keep the crypto. If fiat is involved, then you are better off with Coinbase or BitPay but as I said, there will be fees.

Why you think coinbase should be better than Bitpay?
I basically need a way to deduct a fixed amount (let's say 1%) from the merchant wallet to another wallet in the most secure way. Possibly within the same platform without storing the API keys outside of id. Any Idea?

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: opasch on September 12, 2018, 06:10:11 AM

this is not going to be a big business in the beginning but things can grow and I need a solution that can easily scale.
Actually I find BTCPayServer very interesting but then you really have to implement everything by yourself including the exchange part to convert in fiat and transfer to the merchant's bank account? How would you do that?

I assumed that you want to keep the crypto. If fiat is involved, then you are better off with Coinbase or BitPay but as I said, there will be fees.

opasch

newbie

Activity: 8

Merit: 0

Quote from: OmegaStarScream on September 12, 2018, 03:28:43 AM

In your opinion, how big the business is going to be?

If you want to keep things simple, just use BitPay, I don't think much programming knowledge is required in that case. They'll take 1% of each transaction though so If you want to avoid that and save every penny, It would be better to implement BTCPayServer while running your own full node, you'll have full control.

this is not going to be a big business in the beginning but things can grow and I need a solution that can easily scale.
Actually I find BTCPayServer very interesting but then you really have to implement everything by yourself including the exchange part to convert in fiat and transfer to the merchant's bank account? How would you do that?

hugeblack

legendary

Activity: 2702

Merit: 4002

In addition to what was mentioned above, I suggest you use coingate[1], I have watched their project for some time and there is a remarkable development.
they accept Bitcoin & altcoins[2], many payment bottoms[3], and lightning network support[4].
If you are experienced you can do it yourself without paying a fee as it happens in this forum.

[1] https://coingate.com/about
[2] https://coingate.com/accept-altcoins
[3] https://coingate.com/button
[4] https://coingate.com/lightning-network

eternalgloom

legendary

Activity: 1792

Merit: 1283

Bitcoinpay might be another option, they offer slightly lower fees than Bitpay, charging 0.8% fees on each transaction.
You'll have the option of keeping your payments in Bitcoin or settle payments to be sent in fiat to your bank account.

https://bitcoinpay.com

I think it might be possible to use their API to automatically split part of the payment to be sent to a secondary wallet, though I'm not sure of this.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

In your opinion, how big the business is going to be?

If you want to keep things simple, just use BitPay, I don't think much programming knowledge is required in that case. They'll take 1% of each transaction though so If you want to avoid that and save every penny, It would be better to implement BTCPayServer while running your own full node, you'll have full control.

opasch

newbie

Activity: 8

Merit: 0

Hello all,
I have been asked to support a shop that wants to start accepting bitcoin as payment.
I approached bitpay as a platform to start from and I am willing to evaluate other platforms too.
Assuming the merchants wants to automatically send a small fee on each transaction on a secondary wallet (for example his trade union or local association) how could the safest way to implement this could be?
For example if I do this via API I'd have to keep his API key stored somewhere is it right?
Any other suggestion?

Topic: help supporting a merchant wanting to accept payments in bitcoin (Read 168 times)