Accepting Bitcoin with BitPay

End Point recently began discussions with long-time Interchange client FrozenCPU about their desire to accept bitcoin payments. Because of the newness of bitcoin, as well as its non-traditional nature as a cryptocurrency, traditional payment gateways do not support it. While ideally suited to function as an exchange medium for ecommerce, we had to seek solutions that allowed for its integration into the checkout process.

Bitpay is a crypto-payment gateway platform that was established in 2011 and is based in Atlanta Georgia. The platform makes it easy for merchants to accept payment in bitcoin. In fact, Bitpay was established by Tony Gallipi during Bitcoin’s early days. Bitpay Payment Gateway Plugin. Accept payment for upgrades using BitCoin (BTC) via BitPay. Payment option automatically added to upgrade screen once installed. Payments automatically converted from your local currency to BTC on checkout. Account upgrades are automatically applied once payment is confirmed. (You will need an SSL certificate.

BitPay Payment Gateway

After investigating their options, FrozenCPU elected to partner with BitPay to handle bitcoin payments. BitPay provides merchants with a solution similar in function to PayPal, where users are either redirected to the BitPay servers to complete payment, or the interaction with BitPay can be embedded directly into the merchant site via an iframe. In either case, all communication between customer and payment processor is direct.

Customers with a digital wallet then approve a transfer for the converted amount of bitcoin. Merchants need not display or maintain conversion rates; they can continue to use their native currency and BitPay will manage the exchange rate directly.

Bitpay Payment Gateway Integration Php

The payment negotiation is managed by the creation of an invoice which tracks the state of the payment through a sequence of status updates. Each status update can be thought of as analogous to a credit card transaction, but instead of a number of independent transactions related through references, the same invoice and identifier are used throughout.

The BitPay Process

At the point to finalize an order, a number of steps must be taken to complete the transaction using bitcoin. Again, the general process is most similar to PayPal, although no component of address management is included.

• At the point where an authorization is normally issued for a credit card payment, instead the merchant generates a new invoice from BitPay, which starts in the status “new”.
• Upon successful invoice generation, the merchant can either redirect the customer to BitPay’s server to present the payment screen, or embed the same through an iframe to keep the customer on site, if preferred.
• Customer authorizes payment to transfer bitcoin from their digital wallet at the exchange rate provided from BitPay.
• Once transferred, the invoice status moves to “paid” and the customer can then be presented with the order receipt, or in the case of redirect can click back on the merchant-provided backlink to the site to produce the receipt.
• BitPay then negotiates a validation process over the bitcoin network, where the payment is “complete” after 6 block confirmations. Merchants can choose how quickly they want to accept the payment as valid, where a higher speed increases the odds of failing validation later in the process: - High speed: immediately consider the payment “confirmed” once customer authorizes payment. - Medium speed: consider payment “confirmed” once BitPay receives 1 block confirmation. Typically 5-10 minutes. - Low speed: wait for all 6 block confirmations before considering the payment “confirmed”. Typically 45-60 minutes.
• All payments must ultimately receive 6 block confirmations within 1 hour to complete. If this threshold cannot be met, the invoice status becomes “invalid” and the merchant must decide how to proceed.- Once the invoice status is “complete”, the transaction cannot be reversed. No chargebacks. Funds can be received by the merchant in the local currency or in bitcoin.
• Invoices can be created with flags to either send notifications to an API the merchant creates, a designated email address, or both. This allows the merchant to keep on top of the transaction lifecycle in real time and minimize delays or disruptions on fulfillment.

Bumps in the Road

This was our first venture into an emerging field with a young technology. We hit a few difficulties on our path to implementation:

• Not every status change on the invoice generates a notice, even when the fullNotifications flag is set to true. Customers have 15 minutes to pay an invoice, and if that time elapses the invoice status moves to “expired”. That left us with a dangling order because the IPN does not fire on that status update. We had to compensate by developing a monitoring script to look for those dangling orders older than 15 minutes, make an API call to BitPay to confirm the invoice status of “expired”, and cancel the order.
• We initially received no update messages on status changes to the invoice that sourced back to problems in BitPay’s proxy software. However, BitPay was diligent in their efforts to troubleshoot the issue with us and they were able to upgrade the packages causing the problem. Their responsiveness in this matter certainly separates BitPay from other payment processors who are either entirely unresponsive to system bugs or are content to allow problems to persist through their regular release schedule.
• Development and testing was complicated by the lack of a development environment at BitPay.

We are looking forward to the anticipated success of accepting bitcoin for payment on FrozenCPU and the opportunity to explore this offering with our many other ecommerce clients.

Comments

There are some exemplary platforms that are known for providing exceptional services to their customers in the burgeoning cryptosphere. If we talk about payment gateways then BitPay is a name that will appear at the top of search results and will be recommended by most of the crypto holders across the globe.

That’s because this platform has provided great support to offline and online business when they tried to adopt this technology. Due to its amazing services, crypto payment gateway development has become popular and entrepreneurs are now looking for new ways to induct this solution into their operations. It also helps in embracing new methods of making decentralization seamless on different levels with the help of various tools and practices.

Along with gateway, altcoin development is another domain that has got great attention from crypto enthusiasts. It focuses on processing technology and helps in building a more reliable environment for payment, it also paves the way for electronic checks, crypto coins, and a few other methods. And yet when it comes to locating clients for e-commerce platforms and alternative ventures, it emerges as an instrument that you can always trust.

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What do you understand by Cryptocurrency Payment Gateway?

Simply put, cryptocurrency payment gateways are nothing but the platforms that assist in making crypto payment, they help individuals as well as business entities in the transfer of crypto coins. This can be easily done with wallets as well, but with a payment gateway, you get the assurance that the transaction will go through and if it doesn’t, the backend team of the platform will work to resolve the issues. They also have to facilitate a large number of coins because users do not like to limit themselves to one or two cryptos now. There are different tactics deployed by the platform owners to expedite the transactions, it is a must that they are secure and prove helpful for the end-users.

If we particularly talk about BitPay, then you must know that it also functions like an e-commerce service that works on eliminating the most basic issues. It also works towards the involvement of centralized bodies such as banks and other institutions in facilitating the crypto payments. The working of online wallet players gives headway to various other startups that look forward to establishing their brands in this fledgling domain. One needs to understand the whole process of blockchain transaction and that’s why it is essential to do a comprehensive study of this technology before launching your own service.

• There are some significant benefits of using these payment gateways and you must know them by heart:
• They help you in exchanging crypto to fiat and vice-versa.
• They keep the information of users with a foolproof security mechanism.
• They facilitate the interconnectivity of various platforms that try to forge a bigger network.

Why should you work to get a payment gateway of your own?

As a vendor, if you start offering this service, then there are some great benefits that you cannot underestimate. You can rope in a large number of wholesalers, traders, sellers, retailers, brokers, and merchants to form a network that ekes out more possibilities of success of the entire crypto community. However, it is important that you understand the necessary requisites and come up with some innovative ideas to run this venture. You need to keep the fundamentals in mind when you are dealing with a crypto payment gateway:-

• The regular transactions have to be monitored no matter how low the volume is.
• You need to have full control over the working of the platform with avant-garde techniques.
• The payment procedure needs to be nuanced and should take care of privacy aspects.
• An immutable blockchain ledger has to be built for an unbreakable storage system.
• There should be an inclusion of any third party for the prevention of fraud or the sharing of data.
• As compared to other payment methods, the charges of crypto payments are low and it should remain the same on your platform.
• The incorporation of an authentic digital signature should be ensured with a proper process.
• There should be absolutely no delay in executing cross-border payments due to any reason.

How to pick an appropriate crypto payment gateway platform?

To finalize the crypto payment, the mechanism must support the inclusion of multiple gateways that can direct all the contracts towards the blocks. The idea of decentralization works at its best when you create a globally supported network that is meant to expand itself sans any limits.

For making this possible, it is essential that you implement the most accepted and trusted procedures so the integrity of the platform is not compromised at any cost. You might have to rack up more resources that are streamlined using peer to peer architecture and churn out better results on every occasion without delay. It is essential that you come up with a structure that executes transactions at a rapid pace sans loopholes in security.

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Call and Whatsapp any time at : +91 7014607737 | Skype : technoloader | Email: [email protected]

BitPay- An exemplary payment gateway for every crypto entrepreneur

BitPay is much more than a digital wallet, it gives us more methods of transferring crypto coins and gives us a risk-free trading environment. It helps the users to avoid unnecessary risks in trading by reducing the processing time of Bitcoin, it operates in 164 countries with support to over 20000 businesses. Roll back osx update. This is definitely an overwhelming number that anyone with a desire to launch their own crypto payment platform could admire.

With the help of this platform, the conversion of currencies is so effortless that you don’t have to look for any alternatives. You can establish your own networks of clients and deliver fantastic results to your users, you can easily come up with better measures to control the traffic and divert it to the right place. It gives your business a major push with lesser fees and the tariff plans are also very flexible so you don’t have to wait for more people to join to make your company more popular.

Whether it is an offline business or online, you can get a systematic approach that gives a proper balance to the integration services. The web-based products can get more a bigger band of the audience with this platform and it can also make things more flexible for your enterprise as you are able to evaluate more vehicles and implement them in your circle of members or investors. Therefore, you can say that this platform works more like a service that strengthens your networks and lets you expand without any obstacles.

How do I get a payment gateway like BitPay?

In order to get a payment gateway like BitPay, it is a must that you associate with a service provider who has been engaged crypto-based service for very long and has never failed in eking out the desired results for its clients. Technoloader is one such company that makes the development and launching of a cryptocurrency payment gateway easier and affordable for every single entrepreneur. With us, it is possible for any startup not to just initiate its venture, but also to clinch success regardless of numerous competitors and many other challenges.

Our team gives you an assurance that the handling of crypto gets seamless and acceptable at every level. We do not fail in engaging your customers with a sophisticated mechanism that gives a solution to every problem. We also make the transfer of coins more layered and explicable with a strategic approach that works for every problem. With us, you can actually get over all the challenges and makes the outcomes flawless as the platform gets equipped with some cutting-edge technologies. We manage to come up with a system that does not require any additional tool and custom-made programs are there to control the overall functioning.

When we work on a payment gateway, our motto is to generate solutions that give more value to your enterprise. We focus on turning the whole venture into a lucrative deal and develop the platform as an adaptable and business-friendly program. We provide a support structure that gives way to more innovation with proven means that assure positive results. Our solution gives you a more secure structure that does not leave any chance of mistakes or errors. With our structure, the testing, as well as the implementation of the crypto coins in your business, gets easier than you can imagine.

Here are some extensive features of crypto payment gateway solutions that you must keep in mind before starting to work on them:

• The processing of crypto payments is supported by the portal of the website.
• The payment processing has to be handled in real-time with no exception.
• The compatibility aspect has to be checked with multiple perspectives.
• The development solutions have to remain uncompromised yet customizable.
• Whether it is an app or a website, the price structure has to be reasonable.
• The platform must facilitate the transactions of a maximum number of coins.
• The conversion of fiat into crypto and vice-versa should be seamless.
• There should be absolutely no downtime even when you need to handle thousands of users at the same time.
• The transactions, databases, and protocols must be integrated into the application software.
• The activation/deactivation of the account should be seamless too.
• A team of experts should be deployed for troubleshooting any sort of technical issues.

What is BitPay Clone Script Development?

Bitpay Payment Gateway Download

The concept of clone script development has been quite prevalent in many domains including fantasy sports games and cryptocurrency exchanges as well. As the name itself suggests to a large extent, you can use a script that gives you an outlay of the mechanism deployed in BitPay. By working on the clone script, you can create a platform just functions just like BitPay in every aspect. And it good ample room for customizations so you don’t have to worry about copying the original platform as it is.

Even if you are working with a clone script, the need to monitor the development process doesn’t ebb. It needs to be evaluated time and again so you could get the best results at the end without any shortcomings. For developing a perfect payment gateway, it is essential that you bring some originality in your platform even if you’re copying another. Osx python 3. That’s why you need to involve talented developers who could make the process of development more productive at every stage.

Features of BitPay Clone Script:

Bitpay Payment Gateway

• Multiple Wallets
• Global Access
• Transaction History
• Multi-Language Support
• Seamless Conversion
• Secure Payment
• Quick Transaction
• Two-Step Verification

Zip in mac terminal. Technoloader is a company that makes it possible for you to get a high-end crypto payment gateway that can enable your business in multiple ways, we provide you bespoke solutions that are prepared as per your requirements.

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Call and Whatsapp any time at : +91 7014607737 | Skype : technoloader | Email: [email protected]