After 2018, the owners of online stores began to think more often about how to configure the reception of cryptocurrencies on their website. We have compiled a list of plugins for accepting payments in BTC and other coins.
New but safe options
The Lightning Network (LN) functions as an add-on to the Bitcoin blockchain, which offloads its blocks. Now the network does not have problems with scalability and the second level may seem superfluous, but everything will change with the growth in the number of BTC transactions. Farsighted developers are looking towards LN, avoiding a number of problems in the future. Since last year, the technology began to gain popularity and the first instructions for setting up the Lightning channel appeared. Now the technology has been implemented by two companies:
- Lightning Labs.
- BitFury with HadePay.
The first solution is based on the Loop In – Loop Out methods. If your online store begins to experience problems with downloading channels, Lightning Loops will help organize the transfer of funds to an external crypto wallet or even an exchange in order to free up the main channel. Instructions for adding this interface and all documentation can be found on the official website of the project. It is worth noting that this option has disadvantages: the maximum transaction size is only 0.01 BTC, there is no function of replenishing your own channel through an online transaction.
HadePay service tools are focused only on accepting payments in Bitcoin. HadePay interacts with PayPal and ApplePay, which means it has a separate mobile application. At the time of writing, it was installed only 74 times, which indicates the dampness of the project. You can find API installation instructions on the LightningPeach website – this is the name of the LN add-in developed by BitFury for implementation in the HadePay system.
Now let’s move on to an overview of plugins that do not interact with LN.
The first thing to consider is that B2BinPay charges a commission of 0.5% for its services to merchants. Corporate clients receive a functional API for cryptocurrency payment, including all the main coins from Coinmarketcup, including tokens. The interface is based on the Laravel framework. The company’s programmers promise that the implementation of the interface on the site will not take more than an hour. Customers can choose the fiat-fiat or cryptocurrency-fiat work model.
In addition to all of the above features, a personal account of the consumer is provided. It contains information about all wallets and transactions that interact with the online store or any other site on which B2BinPay is installed. The cabinet itself was created using the Yii2 framework and supports two-factor authentication.
In addition, the system allows you to create a technical basis for a turnkey ICO. Data storage is implemented by an encrypted database, and the fault tolerance of the entire service lies on the shoulders of individual servers. The company’s blog on Habrahabr reports that each node has a separate server. Integration with CMS is implemented in plugins for Magento, Woocomerce, PrestaShop, and WordPress.
On the official B2Broker website, you need to fill out an application, after which instructions should be sent on how to accept payments in cryptocurrency using the B2BinPay API. Prior to this step, you can familiarize yourself with all the necessary commands only in pdf-format. It is reported that all necessary licenses have been obtained in the name of an Estonian legal entity.
This plugin is not easy to install and does not have a personal account. In addition, Apirone provides an API for Bitcoin only. The process of implementing crypto payments is similar to installing the OpenCart module. The commission is fixed – 0.0002 BTC per transaction but is deducted only for transactions over 0.001 BTC. Transaction confirmation is implemented using a QR code. Unlike B2BinPay, the service does not require the passage of the KYC procedure and is focused on anonymity. For this purpose, there is even a function to hide the IP address using TOR. A big plus is the availability of ready-made CMS-modules for cryptocurrency payment for online stores. Installation instructions and examples are on the official Apirone website.
BitPay is one of the most famous services in this area. It is deployed on the basis of the Azure cloud service, interacts with PayPal and bank cards. Online stores access BitPay through widgets. Service fee is 0.99% of the payment transaction size, but only BTC and BCH are supported. As with B2BinPay, you must submit an application to continue working with the company. Before sending your data, read the instructions for installing the Bitcoin API PHP on the BitPay website. If your application is not approved, you can use a similar service – BTCPay.