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Comments
Not everyone is as smart as you are, some customers even don't know they should wait for confirmation when sending payment with cryptocurrency like BTC....
In most case, it's just a payment method for them.
Lolpayments closing my account. So sad. Coinbase is far more polished and professional, it was a pleasure to convert so long ago.
I was never a fan of Coinpayments. Using Coinify since 2015. Never a single problem. It works.
Repo was last updated on Nov 29, 2019. Issues from 2020 say it no longer worked with latest whmcs.
For all those affected, this site https://enot.io/ may be useful. It is a company registered in Russia, which allows to accept several popular cryptocurrencies (BTC, ETH, etc.), PerfectMoney, as well as many payment methods popular in Russia (Russian bank cards, qiwi, etc.). As far as I know, they are not under any sanctions, and follow only UN and Russian sanctions. They support withdrawal to PerfectMoney, USDT and to a bank account in Russia.
The post is about Coinpayments discontinuing services to US clients, without looking into Enot they might or might be a viable replacement but with the current situation with Russia, I doubt many US business are going to consider any Russian company and especially not for anything payment wise.
What situation are you referring to? Who wants to work - works in Russia and anywhere in the world.
Yes, SWIFT withdrawal because of foreign banks sabotage is not real, but I specifically mention PerfectMoney and USDT as withdrawal methods.
But, I did miss the important point from TS that he was looking for a solution for Americans - that's my fault, yes, sorry about that.
Your view of Russia may differ from the view of others here, including those in the USA. It is safe to say that most people and businesses in the USA want to avoid doing business or financial transactions with persons or entities affiliated with Russia at the present time.
IMPORTANT:
The paragraph above contains statements of basic facts only. No political discussion is desired, nor warranted in this thread. If you wish to make political comments, do not post them here. Instead, go to this thread:
https://lowendtalk.com/discussion/177624/the-russia-vs-ukraine-thread-lets-not-derail-other-threads/
BTCPayServer works quite well. I just finished up the module a little bit ago and will be kicking a copy to @MannDude and a few others to help test.
The only part I wish I could handle better would be partial payments. At the moment a partial payment doesn't get applied to an invoice to WHMCS since the webhook sends the value paid in crypto, not USD, so there could be issues when amounts are converted/rounded.
For now a user that does a partial payment will have to ticket to alert us and then we apply the credit, the same thing that happens when a partial payment is made on coinpayments.
Past that, the API works well and I made good use of their BTC Testnet Live Demo. I grabbed some BTC testnet coins off a public faucet and had things tied up pretty quick.
Neat.
Francisco
disregard that, there's an endpoint that documents the price agreed upon per invoice for each currency it supports. Partial payments are now nicely documented in WHMCS.
Neat.
Francisco
Thanks @Francisco - Will likely put the module in production this weekend.
We're still getting some payments processed by CoinPayments at this time, I assume, from non-US residents. For those impacted by their new restrictions and can't make payment, just ping us and we'll either extend your due date to allow payment to be made through the new gateway or arrange something else for you.
I'd apologize for the inconvenience but that's really CoinPayment's fault for the lack of notice.
Any plans to slip us some files Fran? Worth an ask
I don't know who you are
I've shared the files with a dozen or so hosts at this point.
Francisco
@MannDude and anyone else in this thread impacted by CoinPayments exit from the US - Sorry to hear about your poor experience with CoinPayments. We are helping businesses just like yours who have been left frustrated and without a crypto payment solution by the abrupt exit. Business must go one and we can help you out quickly. CoinSmart (CoinSmart.com) is a Canadian registered, public and fully regulated company that provides crypto payment processing for businesses - we are trusted, transparent, secure and reliable. Would love to connect with you to show you how quickly we can get you set up with our product SmartPay. Shoot me a message!
Your fees are a joke, You seem to be a trading platform, not targeted for businesses, no API available for folks to make billing modules etc
Perhaps you should read the thread before posting.
@Foul CoinSmart is a fully regulated exchange, OTC, and crypto payment processor. Our fees for crypto payment processing are low and more competitive that CoinPayments. The SmartPay solution has full APIs and SDK ready for quick integration. It offers out of the box email invoicing, in person payments, and APIs allowing businesses to integrate their existing payment experiences, make billing modules, ecommerce checkouts, etc. We already service many businesses today, including some of those that have been impacted by CoinPayments exit.
There's no reference to any API/SDK documentation on your website whatsoever for SmartPay, perhaps it's gated by creating an account, but one shouldn't have to create an account to see that.
We are updating our website to make the documentation more accessible. The API/SDK is open and online, check it here: http://smartpay-docs.coinsmart.com/#introduction
That doesn't seem to be much of a selling point anymore. "Fully regulated", to me, just means end users who value their privacy are going to be negatively impacted at some point in the future as updated regulatory requirements get pushed out, with or without notice.
Means fuck all given 3 arrows and a bunch of other things like that. Just means "we filled out the bankruptcy papers" instead of none at all.
The ol' tried and tested "not your keys, not your bitcoin" works well here.
Francisco
Hi everyone! I am late as always, but just wanted to add that BitcartCC has a working (and free of course) whmcs plugin: https://github.com/bitcartcc/whmcs-plugin
You can accept BTC, LTC, BCH, ETH (erc-20), BNB (bep-20) with BitcartCC with an unified API.
We would be happy to help you migrate off coinpayments!
P.S. @Foul could you please tell where is btcpay more advanced, so that we could improve in that aspect?
Looks like it's just a fork of BTCPayServer per the documentation that is practically a word for word copy of their official docs: https://docs.bitcartcc.com vs https://docs.btcpayserver.org/Deployment/
Well it's not if you just try to actually use the project and open it for a second...
The thing is, both are payment processors (but we are also an unique development platform), and installation method is mostly the same-via docker, so some things will be common
Check out the walkthough page
Isn't this territorial discrimination?
Your project isn't based on BTCPayServer? You're using literally the same documentation and images as they are:
vs
Now open https://admin.bitcartcc.com and try the actual project. Or read https://sdk.bitcartcc.com and check the SDK which btcpay doesn't have. Or check the languages used to write the project at https://github.com/bitcartcc/bitcart (spoiler: python). Deployment is the least important thing which is indeed common and simplified, as docker allows us to avoid building on host machines
Has anyone seen an explanation of the reasoning behind CoinPayments decisions about which countries are on the "boot list"? There is usually some discernable logic, but the choice of countries here does not fit to any known pattern that I can see.
They just don't want to work with certain countries. I don't know exactly their reasons, but it's likely that the U.S. IRS can get them and some of their clients in trouble.
Sadly, it's a common occurrence. For offshore crypto businesses, the USA is risky as Syria or Iran. Not because of the high risk of money laundering, but because the regulations are too strict. Regulations are becoming stronger every year, small companies like CoinPayments doesn't have capacity to pay huge fines.
https://theblock.co/linked/112139/robinhoods-crypto-30-million-fine-anti-money-laundering-probe
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210218
Remind Bitpay's shit KYC policy. There is no choice.
ps. In the United States, there are states like Delaware and Wyoming which have 0% corporate tax, so they are informally considered tax havens like the Cayman Islands and the Bahamas. Although not on the EU or other blacklists because of US superpowers, financial institutions sometimes reject US customers.
Except not at all because you have to pay federal taxes. Many countries have lower corporate tax burdens than Delaware and Wyoming (eg. UK).