This thread is to startup pre-registration for merchants who are intending to use MagiPay as its payment method.
What do you do if you are a merchant?1. Reply to this thread and present your intention that you are willing to be a merchant using the MagiPay gateway;
2. A part of merchants will be selected to test MagiPay before the release of MagiPay;
3. Integrate MagiPay to your purchase system after the release.
What do we offer?1. Early registrant (deadline: the MagiPay release date - end of December (ETA)) will enjoy lifetime free charge using the MagiPay service (including Phase #1 and #2/#3 as shown below);
2. The MagiTeam will massively advertise merchants (early registrants will have the highest priority) through our social medium, as well as via our weekly updates to be issued to the MagiCommunity.
3. We offer Magi bounties as an incentive for the earlier adoption;
What is MagiPay?MagiPay is a payment gateway system developed by magi; its Phase #1 form will be similar to other existing systems. We will provide upgrade Phase #2/#3 with advanced features (curent under survey) and the fiat/BTC-XMG exchange. Additional charge is unavoidable in the latter; however, we offer free charge if you're an early adopter.
Phase #1: Basic functionality, e.g., buying goods online via using XMG
Phase #2/#3: Advanced features (survey, see below), e.g., inclusion of the fiat/BTC-XMG exchange
https://docs.google.com/forms/d/1cq1E-8hvOcaOaAFPES9X9IIf1gV9ZP-ibgWbVUsBOfY/viewformWhat is Magi?https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170http://www.coinmagi.org/Magi is a cryptocurrency which utilizes a unique M7M algorithm that allows ONLY CPU Mining. XMG also has at the first time implemented a particularly designed block rewarding system to enable FAIRNESS in the distribution of coins among miners. By removing the competitive nature of mining, XMG offers an even playing field for anyone looking to mine cryptocurrencies without expensive equipment.
Preview of MagiPay1. A merchant creates an account at m-epays.com; after successful registration one can create a payment box;
2. m-epays.com issues MagiPay account details;
3. Integrate MagiPay to merchant's website;
4. Customer clicks the 'Pay with magi' button, MagiPay connects to m-epays.com server and requests for a specific payment box;
5. m-epays.com issues a MagiPay address and the total amount to be paid;
6. Customer sends coins to the MagiPay address;
7. Once the payment is received and confirmed, the server informs the successful payment;
8. After 1 hour upon the payment is received, the server automatically transfer the amount of magi to merchant's registered external wallet address.