Topic: Sheepy - new cryptocurrency payment gateway (Read 691 times)

Sheepy is proud to announce its new crypto onramp solution, designed to enable iGaming merchants to offer players a straightforward method for purchasing cryptocurrencies using credit cards. This innovative flow facilitates direct deposits of digital currencies into merchants' wallets, simplifying the payment process to be as easy as 1-2-3.

How it works

The process is straightforward:

• Players select the desired amount of cryptocurrency they wish to purchase
• A regular fiat payment is completed using a credit card
• Players instantly get the cryptocurrency and deposit funds to their accounts
• iGaming operators receive the cryptocurrency directly to their deposit addresses accessible here: https://www.sheepy.com/deposit-addresses

Key benefits

• The one-click purchase and deposit process reduces any conversion killers and simplifies the payment flow
• Deposit address feature allows to reduce the volume of mistakes while the player enters details: wrong addresses and networks
• Sheepy's onramp opens doors to customers from over 190 countries, even if you never had any prior payment experience in those countries
• iGaming companies can effortlessly integrate Sheepy's solution into existing payment systems without the need for technical adjustments
  

For more information about Sheepy’s onramp and how it can transform your business, please visit the Sheepy website or contact our team.

We believe that despite the advancements in e-commerce, there's still a noticeable gap in robust and user-friendly crypto payment plugins. This is where Sheepy comes in. We're proud to offer a solution that fills this gap, providing a secure and seamless crypto payment experience that many solutions currently lack. Our focus is on enhancing e-commerce transactions with the convenience and security of cryptocurrency

Regarding open-sourcing our project, while we recognize the community's trust in open-source initiatives, we have chosen to keep our project proprietary for now. Our commitment to transparency, security, and user trust is unwavering, even without an open-source model.

I understand that, but is it really impactful? I believe Prestashop allows anyone to build their plugin, so it sounds like something that regularly happens. At the very least, it doesn't seem like a big deal, similar to how an open-source project collaborated with each other in their initial stage, unlike some big deals such as Google and Apple making a join-partnership or something.

I guess that is just a marketing strategy in the end, so I can't really blame you as long as it is not misleading. Another way to increase credibility is if you can open-source your project or allow the community to verify the code. I believe you can understand why an open-source project is well-liked by the community.

Collaborating with a well-established platform like Prestashop enhances our credibility and introduces our service to their loyal and trusting customer base, helping to break down skepticism surrounding crypto transactions.

Your point about engagement is well-taken. We acknowledge that we might have been less active recently. Going forward, we strive to enhance our engagement with the community, ensuring that no questions are left unanswered.

Hi,
While the withdrawal feature is indeed useful, especially for converting Bitcoin earnings into fiat currency, it's more of a supplementary service. The core value of these systems lies in their ability to seamlessly integrate Bitcoin payments into everyday commerce, making it as straightforward as using traditional payment methods.

Hi!

Of course, we support the decentralization ethos and the freedom it brings. Our aim is not to replace P2P transactions but to offer an alternative for those who might find value in a more structured system, especially in a commercial context.

I can't seem to understand what's the importance of the partnership you shared above since it basically means Prestashop now has your plugin available for their customers. What kind of steps will lead to a better marketplace environment from that? I don't think this is the first time a marketplace allows a crypto service to develop a plugin for their platform either; CMIIW

It would be great if you at least responded to what others said instead of just posting news here and there. You did that a few months ago iirc, I don't understand why you stopped doing that.

Hi,

We are thrilled to share some groundbreaking news from the Sheepy team! We have officially partnered with PrestaShop, a leader in open-source e-commerce solutions. This partnership marks a significant milestone in our journey to innovate the world of online and Sheepy's cutting-edge cryptocurrency payment solutions, we're set to transform how merchants and customers interact in the digital marketplace.

What does this mean for you? A seamless, secure, and efficient online shopping experience that leverages the power of cryptocurrencies.

The Sheepy payment module, specifically designed for PrestaShop, introduces a hassle-free approach for merchants to incorporate cryptocurrency as a payment option. Reflecting Sheepy’s commitment to innovation and user empowerment, the module boasts real-time exchange rate updates and a suite of features including API access, comprehensive transaction tracking, and custom invoice creation, alongside convenient auto-withdrawals.

Installation Simplified

To install the Sheepy module, download it with the Download button atop this page. Within the PrestaShop admin panel, navigate to Modules -> Module Manager and select Upload a Module. You can drag and drop the module archive or select the file to initiate installation.

Alternatively, find the module under Modules -> Marketplace by searching for Sheepy and click Install.

This partnership is more than just a collaboration; it's a step towards a future where e-commerce and cryptocurrencies merge to create a more inclusive and dynamic economy.

We invite you to join us to explore the possibilities this partnership opens up. Check out our new integration on the PrestaShop Addons page and get ready to elevate your e-commerce game!
▶️ Explore Sheepy crypto payment solution on PrestaShop

Payment systems are not here to replace P2P trading though, they are here to help sellers provide a payment system to accept Bitcoin so their buyers can use their BTC to buy stuff. The withdrawal stuff is just here to help them liquidate their sats after they make successful sales. It is just there for convenience, not the main selling point of such a system. If anything, his competition is another popular open-source and self-hosted payment system like BTCPay Server. CMIIW.

Sorry to distract but i will have to give my own take on this, considering that this is a large bitcoin community that is more focused on bitcoin, decentralization, security and privacy, I don't think the use of a payment gateway system will be an effective offer over using a p2p network on the blockchain, am not saying this to discourage for your service or what you offer, but this is one of the benefits of this forum, we advise on the best alternatives while people make their own final decision.

Big news from Sheepy! We've rolled out our Custom Invoice Settings via API. Now, you can jazz up your invoices just the way you want.

Feature Highlights:

• Currency: Set a distinct currency ticker overriding the profile settings. Fancy an invoice in Litecoin over Bitcoin? Now you can!
• Fees: Choose between fixed or percentage fee structures, superseding the default profile.
• Notification URL: Modify the HTTPS URL for personalized invoice status updates, a step up from the standard notification URL.
• Autocomplete: Decide on the auto-completion of invoices that are expired or partially paid, taking precedence over profile settings.
• Gateways: Customize your gateway preferences. Want to limit payments to just Bitcoin and Ethereum? Consider it done.
• Autoconversion: Adjust autoconversion aspects, like type, gate, and conversion percentage, replacing default profile settings. For instance, opt for converting just half of the amount via your preferred gateway.

Need a hand or got questions? Contact us or swing by here.

Jump in and have fun invoicing with Sheepy!

Hi,
Our platform operates with stringent compliance measures and security protocols that align with EU regulations. We even provide KYT insights to our merchants to enhance transparency and security.

Thanks for pointing that out! Clarity is essential, especially when dealing with financial transactions. We'll definitely look into making the distinction even clearer on our platform to enhance user experience.

Hi,
Certainly, caution is always wise, especially online. While domain age isn’t a definitive indicator of legitimacy, we understand your concern. We’d like to assure you that our reference to experience is based on our team’s collective expertise in crypto and fintech, accumulating over a decade.

Absolutely understand your concerns! The restrictions aren't about favoritism towards certain countries; it's about adhering to international laws and regulations. While we require EEA IBANs for fiat withdrawals, non-EEA jurisdictions aren't restricted - crypto payouts are still available, and there are options for non-EU entities to open EU accounts for greater access. Plenty of alternatives are at your disposal. And we really work hard to add new local currencies!

Just to say the needful, can we know if you have compliance in other to function optimally.

This question is coming from a place of "I love the project but I have to be sure" and this is not meant to taint the project in a negative light but due diligence must be done to be safe all round as a user across any platform.

It is still a point to consider especially if the service doesn't have any reputation before. Some scammers buy domains too and they trick users by saying stuff like experienced in crypto for 5 years or something similar. Nothing is wrong with being careful.

I see, maybe you need to edit it so that the difference is quite clear. Not sure how it goes though, I can't check it on my mobile phone. Hopefully, you can address other concerns in the future.

Hi,
 Actually I would say, that many people buy old domain names, and they sell for quite a high price, specially in .com and small number of letters, so if they bought this domain there is no wrong with it, rest as the crypto goes, anything can happen in it at any time, since its not much regulated.

That’s some real concern as, why the hell not just start up a new domain and gradually build a reputation from there other than raise questions of doubt as, being in the cryptospace comes with lots of trust issues on what services we patronize and there are always going to be some diggings.

Still, it doesn’t discrete the site given that, some successful transactions have gone through it and still, it doesn’t verify nothing too.

Of course we weren’t expecting the service to be all globally as there are jurisdictions and restrictions within the cryptospace so, you could always expect the sites and services to comply.

Meanwhile, it’s a much relevant service as it allows you to have crypto withdrawals in local currency denominations where functional. That’s a plus on the service.

Hi!

You're spot on about the countdown timer. Starting it after you pick a payment method is a smarter move. We're also thinking about extending it past 15 minutes—good call. As for the QR code, the URL option takes you right to the payment page, great for mobile. The Address is the crypto wallet where you're sending money, and the Amount is how much you're sending. Thanks for giving our demo a go and for the awesome feedback. We'll definitely look into making these changes!