How to accept crypto payments? - page 4.

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Quote from: Moeda on March 25, 2023, 09:20:03 AM

Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

Maybe you can make a payment method by scanning a QR, so that buyers don't need to copy the wallet address. If you understand how to create a website by connecting Metamask or Trust wallet. It would be nice if you use this method, so that payments will be automatically transferred to the wallet connection to Metamask. You can see this method through the NFT sales method on opensea.

Yes, this is one of the easiest ways and is already suggested above by some members. Even a non-crypto payment method works like this. Copying a wallet address and then pasting them only to pay seems a bit hassle and some things can go wrong if we are not checking things carefully which can result for a loss of money.

Creating a business website can be tough for someone who doesn't have a skill with it but they can always hire people to do the job for them. Web3 seems innovative but I prefer the classic one as I think it's much safer because we are not connecting our main wallet and I don't think a lot of us have the time to create another wallet and send some coins there only to make a transaction.

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ou can use a payment processor like BitPay or Coinbase Commerce to accept crypto payments. These processors will provide you with a unique payment address for each transaction, and they will manage the transaction history and record keeping for you. This makes it easier to manage payments and reduces the risk of errors.

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Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

Maybe you can make a payment method by scanning a QR, so that buyers don't need to copy the wallet address. If you understand how to create a website by connecting Metamask or Trust wallet. It would be nice if you use this method, so that payments will be automatically transferred to the wallet connection to Metamask. You can see this method through the NFT sales method on opensea.

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Quote from: barhavsky on March 24, 2023, 12:30:54 AM

Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

I think it's a good idea to put your address if you want to receive payments from cryptocurrency and to confirm it, you can ask for proof of transaction hash from consumers who transact with you, because from transaction hash you can check the payment he made (date, time and amount), so you don't need to worry if he cheats you and if he enters the wrong address for payment, then I think it's his fault.

Putting your address is hassle for any customers that may cause them to mistype and send it to other address due to type error. By that people would rather pay fiat money since it's less hassle but there's a way you can use "QR code" so they could easily scan your address to direct send to you their payment. And I thin it's a dumb thing to do if you put your address public its like putting your cell phone number in public then you'll get a prank calls. If you don't feel secure with QR code there's a devices that can ensure your transactions security and safety. You can't blame your customers by your method of payments since it's too complicated process that you can fix.

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Quote from: mich on March 25, 2023, 12:26:51 AM

If I was a business owner I would make sure I could accept Bitcoin for my business.

I accept Litecoin, I would accept also Bitcoin. You would be surprised how few people wish to pay with crypto.
Posting in various message boards concluded that mostly big business takes bitcoin.
Unfortunalety crypto is not that widely accepted, for the services we offer people prefer banks.

mich

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If I was a business owner I would make sure I could accept Bitcoin for my business. There are many easy ways to set this up like Coinabse for example I think makes it so easy to do. I would even offer some incentives so my customers would use it as a payment method.
The low transaction fees would mean more extra money for me. It should not be your only option but more people are starting to buy Bitcoin and maybe they want to spend it. Just with this extra payment choice some people will appreciate you and return for more.

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Quote from: royalfestus on March 24, 2023, 03:39:48 PM

Quote from: coinerer on November 01, 2022, 01:15:21 AM

Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

There are various payment gateway systems provided by various third-party sites for accepting payments through cryptocurrencies. If you want to accept payments in cryptocurrency for your online business, you can set up payment gateways from third-party sites or if you've created a wordpress site, you can easily get some plugins to accept cryptocurrency payments that can be installed easily. You can set the payment gateway. By which a customer can easily pay you through cryptocurrency. And you don't have to give your personal wallet to anyone. A separate wallet will be generated for each customer. If you can't do it yourself. Then you can hire a dev to do it easily

Would you consider this type of third party to be safe? What if this party absconds with the fund, especially where security agencies cannot intervene or interfere?

Various activities are carried out by various third party organizations for crypto payments. Because no payment system gateway is provided in Bitcoin directly. So you must take help of third party organization to accept crypto payments. Yes of course there is a risk because if you fall victim to a scam site you can lose your funds so you must use a plugin from a trusted company to get this service. Otherwise you will be at risk

BIT-BENDER

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Well the first advice I would ask you in accepting Crypto-currency as a means of payment for your business is never to make it the only option for now.

No also take in account the adoption level of Crypto-currency in you area. Then after that has bee. Settled you can create a wallet for the sake of your business.

royalfestus

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Quote from: coinerer on November 01, 2022, 01:15:21 AM

Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

There are various payment gateway systems provided by various third-party sites for accepting payments through cryptocurrencies. If you want to accept payments in cryptocurrency for your online business, you can set up payment gateways from third-party sites or if you've created a wordpress site, you can easily get some plugins to accept cryptocurrency payments that can be installed easily. You can set the payment gateway. By which a customer can easily pay you through cryptocurrency. And you don't have to give your personal wallet to anyone. A separate wallet will be generated for each customer. If you can't do it yourself. Then you can hire a dev to do it easily

Would you consider this type of third party to be safe? What if this party absconds with the fund, especially where security agencies cannot intervene or interfere?

Oneandpure

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To minimize address errors when sending cryptocurrency balances, you can use a QR Code and consumers can simply send in this way. However, there are some that are more effective, such as using delivery via a lightening network between fellow exchanges, which are used by both OP and consumers.

Will effective when sending based on the same exchange account but if using metamask or trustwallet you ask to costumer sending by getting QR Code and not have to paste with address for sending fund. Don't worry with your online business when accepting Bitcoin as payment transaction because many ways sending each account without getting wallet error.

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Quote from: barhavsky on March 24, 2023, 12:30:54 AM

I think it's a good idea to put your address if you want to receive payments from cryptocurrency and to confirm it, you can ask for proof of transaction hash from consumers who transact with you, because from transaction hash you can check the payment he made (date, time and amount), so you don't need to worry if he cheats you and if he enters the wrong address for payment, then I think it's his fault.

If something goes wrong, it is the responsibility of the buyer, not the seller. It's like when someone sends the wrong money to an unknown account number, not according to the destination account.
If you don't want to make it difficult, then you can use a Payment Gateway that has been provided by several Gateway platforms which makes it easier for sellers to arrange payments to be received and buyers will also make it very easy. One of the faster and cheaper payments is using Bitcoin Lightning.

WillyAp

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Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

yeah well sure there are payment gateway systems provided by various third-party sites where you can accept payments through cryptocurrencies but all will take a % as a fee.

siniminomorocomunisakito

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Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

My opinion Accepting crypto payments for online business can be easy and safe if you use the right tools and methods. There are several payment processors available that can help you accept crypto payments.

These services usually handle the payment process, including converting crypto to fiat currency and depositing it into your bank account. Some of the popular payment processors include BitPay, Coinbase Commerce, and CoinPayments.

Using the Metamask Wallet you can also use a cryptocurrency wallet to receive payments directly but it can be a security risk if not handled with care.

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Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

I think it's a good idea to put your address if you want to receive payments from cryptocurrency and to confirm it, you can ask for proof of transaction hash from consumers who transact with you, because from transaction hash you can check the payment he made (date, time and amount), so you don't need to worry if he cheats you and if he enters the wrong address for payment, then I think it's his fault.

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Quote from: cryptoknightt on March 23, 2023, 10:24:52 PM

Payment errors when using a wallet are not your fault, bro.
of course the sender is wrong, all businesses are like that and you need to know the transaction history is also transparent by cryptocurrency, even though when a wrong delivery occurs no one is responsible
but you can apply the wallet address like a barcode to make it safer and more printable

Barcode is safe as long as you're show it on your device, if you print the barcode it doesn't safe enough because someone can swap it with their own wallet barcode, no one will know if the barcode is legit or not except the cashier crosscheck with the wallet address.

Transaction history is transparent in blockchain, not cryptocurrency. Cryptocurrency is just the currency, not a way to see the transaction history.

GreatArkansas

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A quick tip: Select the best payment processor you will use.
As a developer, I already tried to work n some payment processors where you will integrate these 3rd party services to accept cryptocurrency payments to your business.
There will be some 3rd party services that are really worst especially their documentation of API or how you integrate their service.
Some are not well documented and some are really worst in devloper's point of view.

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Payment errors when using a wallet are not your fault, bro.
of course the sender is wrong, all businesses are like that and you need to know the transaction history is also transparent by cryptocurrency, even though when a wrong delivery occurs no one is responsible
but you can apply the wallet address like a barcode to make it safer and more printable

Mr. Magkaisa

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- If that is your personal cryptocurrency wallet, my advice to you is that you should separate the wallet that you will use it for the business that you will do, so that there is no compromise in the future if it happens. Then it also depends on which country you are located in.

If there is a mistake in the delivery address, of course there are only two things, either the person who will pay the address did not look carefully or you may have made a mistake, it's as simple as that, so check carefully before confirming that it is sent.

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The most easiest way would probably be a payment processor, just hire someone with the know hows of you don't know how to do it or if you're not confident of implementing it.

The other way would be QR code, simple a f as well to setup, just post it at the counter.

Additionally, You can even setup a way for receipt to process once payment is received or is being confirmed, or some other way that can make checking less of a hassle. You might need some IT help there though.

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Quote from: ashleyknight on November 01, 2022, 12:22:02 AM

I am wondering what are the ways to accept crypto payments in an online business. Should I share my wallet address and ask clients to send payments to it? Isn't it troublesome? Payments could be sent to the wrong wallet address and also it would be difficult to manage the transaction history. What should I do?

Yes, that's right. Many wallets now do have a QR code. You can also share it to them so that they will just scan it. That should avoid errors instead of copying the receiving address manually but they should make it a habit to double check the address that they see on their screens so that they are sure that the coins are sent to the right address because sometimes mistakes can still happen and we don't know what if our device have been infected by a malware, which automatically changes the address that is being pasted.

Every wallet has an option to show your transaction history and it is not difficult to manage them if you are already familiar of how crypto works.

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