Opening an online shop that accepts crypto payment. But there is a problem ... - Crypto World - CryptoTalk.Org Jump to content
Brushless4500KV

Opening an online shop that accepts crypto payment. But there is a problem ...

Recommended Posts

I have thought about opening an online shop which offers crypto payment service to its customers. Everyone can buy items from this online shop and pay for them with BTC, ETH, LTC and any other famous crypto coins which are traded in large scale in the market. This could also helps cryptocurrency adoption and acceptance. But as you know opening and running a shop (either online or offline) requires some monitoring to improve your business. One of them is communicating with customers and gathering some data to help increase sales. The problem is that if customers pay through cryptocurrency, you can not find information about their payments. If anything happens, you (as the shop owner) don't have access to any transaction details for any buyer because in crypto world they are anonymous. you can only find how much money was sent to your wallet. You can't detect the wallet owner. This the problem that stops me from establishing an online shop. Do you think there is any solution for this?

  • Useful or interesting 7
  • +1 5
  • +2 3
  • +3 4
  • +4 3
  • +5 1

Share this post


Link to post
Share on other sites

I know there is a solution, you can see who has paid you, already many shops and online markets are using this system, you can contact such companies before starting your business.  For example - namchep.com is using the Bitcoin payment gateway.

  • Useful or interesting 3
  • +1 1
  • +2 3

Share this post


Link to post
Share on other sites
7 hours ago, Brushless4500KV said:

you can not find information about their payments.

It is all printed on the block explorer. this is not a serious problem.

 

7 hours ago, Brushless4500KV said:

If anything happens, you (as the shop owner) don't have access to any transaction details

OMG, that is what makes blockchain different. Everyone can confirm and see all transactions in the block explorer. All you have to do is ask their tx id for the payment.

  • Useful or interesting 1
  • +1 2
  • +2 1

Share this post


Link to post
Share on other sites
9 hours ago, Brushless4500KV said:

I have thought about opening an online shop which offers crypto payment service to its customers. Everyone can buy items from this online shop and pay for them with BTC, ETH, LTC and any other famous crypto coins which are traded in large scale in the market. This could also helps cryptocurrency adoption and acceptance. But as you know opening and running a shop (either online or offline) requires some monitoring to improve your business. One of them is communicating with customers and gathering some data to help increase sales. The problem is that if customers pay through cryptocurrency, you can not find information about their payments. If anything happens, you (as the shop owner) don't have access to any transaction details for any buyer because in crypto world they are anonymous. you can only find how much money was sent to your wallet. You can't detect the wallet owner. This the problem that stops me from establishing an online shop. Do you think there is any solution for this?

At present, we use many wallets such as coinbase wallet. We will show our transection history . Also we can add memo with our transections. or they will make individual address for all as we deposit in exchanges

  • Useful or interesting 2

Bengali?

View this Topic

Share this post


Link to post
Share on other sites

Yes very many payment sites. You can see and search it on Google or watch YouTube videos about it. You can also see the answer here, on crypto talk.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
13 hours ago, Brushless4500KV said:

You can't detect the wallet owner

If you're already familiar on how payments on cryptocurrency works, then this shouldn't be really a problem. What you should do is generate a new key pair (public and private key) for each transaction to be made. Send the public address to your customer, and if that newly generated address receives the exact amount of coins you intend to charge, then you'd know that the customer you had given it into has paid you.

 

And you cannot say that you don't know your customer's identity, since you would have communication. And even though you transact anonymously (such as using only aliases), it doesn't matter as long as you deliver the goods, and you receive the coins (in the new unique address you just made for that single transaction).

 

 

Edited by PiroSense
  • Useful or interesting 3
  • +2 1

Share this post


Link to post
Share on other sites
14 hours ago, Brushless4500KV said:

I have thought about opening an online shop which offers crypto payment service to its customers. Everyone can buy items from this online shop and pay for them with BTC, ETH, LTC and any other famous crypto coins which are traded in large scale in the market. This could also helps cryptocurrency adoption and acceptance. But as you know opening and running a shop (either online or offline) requires some monitoring to improve your business. One of them is communicating with customers and gathering some data to help increase sales. The problem is that if customers pay through cryptocurrency, you can not find information about their payments. If anything happens, you (as the shop owner) don't have access to any transaction details for any buyer because in crypto world they are anonymous. you can only find how much money was sent to your wallet. You can't detect the wallet owner. This the problem that stops me from establishing an online shop. Do you think there is any solution for this?

well thats the problem that comes with crypto payments, the payment will be anonymous and you cant find history of transaction so you will just receive the money.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Perhaps the lack of direct dialogue with the client is a drawback. but the ability to pay crypto in your store is already an advertisement for you! and also this is an opportunity for international trade. More pluses

  • Useful or interesting 1
  • +4 1

Share this post


Link to post
Share on other sites

Well this online store has a positive impact that makes it easier for people to invest here and at the same time buy here hopefully more people like this.

Share this post


Link to post
Share on other sites

I think that your problem has a solution in the internet. cause many of the internet shops in the internet nowadays use crypto currencies as payments! You can do with your online shop too. All you have to do is a little research in the internet and you will find the solution! 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
2 hours ago, PiroSense said:

If you're already familiar on how payments on cryptocurrency works, then this shouldn't be really a problem. What you should do is generate a new key pair (public and private key) for each transaction to be made. Send the public address to your customer, and if that newly generated address receives the exact amount of coins you intend to charge, then you'd know that the customer you had given it into has paid you.

 

And you cannot say that you don't know your customer's identity, since you would have communication. And even though you transact anonymously (such as using only aliases), it doesn't matter as long as you deliver the goods, and you receive the coins (in the new unique address you just made for that single transaction).

 

 

Thanks for your answer. This seems like a good idea but it is tiresome to generate a new key pair for every transaction. I may have to generate hundreds of them during a day. I think you mean I should produce a new wallet address for each transaction. In fact I should write the details of every customer transaction in an Excel table to know exactly about the amount paid, date of payment, name of the customer and the product he ordered. I also need something like batch number (like transaction ID in PayPal). I need this information to analyze the performance of my shop after one year to see which customer was more loyal to me and give him/her some special privileges. If someone asks for refund, I can have full access to all the details of the transaction in question.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
16 hours ago, Brushless4500KV said:

I have thought about opening an online shop which offers crypto payment service to its customers. Everyone can buy items from this online shop and pay for them with BTC, ETH, LTC and any other famous crypto coins which are traded in large scale in the market. This could also helps cryptocurrency adoption and acceptance. But as you know opening and running a shop (either online or offline) requires some monitoring to improve your business. One of them is communicating with customers and gathering some data to help increase sales. The problem is that if customers pay through cryptocurrency, you can not find information about their payments. If anything happens, you (as the shop owner) don't have access to any transaction details for any buyer because in crypto world they are anonymous. you can only find how much money was sent to your wallet. You can't detect the wallet owner. This the problem that stops me from establishing an online shop. Do you think there is any solution for this?

You could ask your customers to input their address they are sending from but that would be a bit tiresome. Another option is to use Bitpay they have solutions for this kind of problems. they are one of the most trusted bitcoin payment processors.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

I think this is not a problem, and it can be bypassed with the help of not cryptocurrency wallets, but wallets in the form of fiat money. As for cryptocurrency wallets, for online stores, you first need to get funds to your account, and then request. 

Share this post


Link to post
Share on other sites

Well, you can create an system it qill get the transaction history between the owner and the costumer, ita just very simple you just need some programmer that cam creates a system for your business to know the history of the costumers.

Share this post


Link to post
Share on other sites

Opening an online shop accepting crypto payments OK I don't know if there are problems but I think you need to analyze and research before starting a business. Also do not join new services that are usually scammed.

Share this post


Link to post
Share on other sites

First of all thank you very much for your nice thinking. We all know that there are some disadvantages of accepting cryptos as a payment system. But we should solve this problem. You can use coinbase as payment system. When anyone do payment they can use their name or customer id than you can easily detect them.   

Share this post


Link to post
Share on other sites

you can start it is good idea you can contact the company with this he will help crypto is anyomas services mybe not possible

Share this post


Link to post
Share on other sites
On 12/16/2019 at 10:55 PM, Brushless4500KV said:

The problem is that if customers pay through cryptocurrency, you can not find information about their payments. If anything happens, you (as the shop owner) don't have access to any transaction details for any buyer because in crypto world they are anonymous. you can only find how much money was sent to your wallet. You can't detect the wallet owner. This the problem that stops me from establishing an online shop. Do you think there is any solution for this?

You can find all the information in the block explorer, mate. You can generate a different address to receive payment for each shopper. You can use Coinbase commerce for easy setup in your store.

  • +1 1
  • +4 1

Share this post


Link to post
Share on other sites

With the cryptocurrencies mentioned you can definitively see the wallet your customer is using plus you have some database of your own where you have recorded all transactions and data related. I guess you want this for refunds and for other data as after sales, customer satisfaction. For BTC ETH LTC everything is on the blockchain.

Share this post


Link to post
Share on other sites

Opening the shop that's support cryptocurrencies payments it is possible if your customers are knowing cryptocurrencies. But the problem will be that there will no have escrow that's will keep you and your customers safe from blackmail each other

Share this post


Link to post
Share on other sites

You can check it on a blockchain explorer,an open source web tool that allows you to view information about blocks, addresses, and transaction history.

Share this post


Link to post
Share on other sites
On 12/26/2019 at 6:54 PM, Ahmed112 said:

But there is an problem because we also facing coins markets up and downs if the price is high thats better for you if price is low thats not better for you and your shop.

The item price will be set in USD, and the BTC value will automatically change following the market price. This is not a big deal.

Share this post


Link to post
Share on other sites

Maybe by using an account system in your online shop or  using payment gateways that accept cryptocurrencies CMIIW 😅


 

YOUengine-cryptotalk.png.2ca158a48ed925f2af8f14fc1863c423.png

Share this post


Link to post
Share on other sites

I think the best option in this case is to ask or email companies that are already doing this, and they can give you valid advice how to do everything correctly.

  • +2 2

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Probably, many of you have already encountered situations when incorrect details for receiving funds were specified when creating an application, perhaps in a hurry or due to inattention.  Previously, the details were changed mainly via email, but we have simplified this procedure, and now you can easily make the necessary changes directly on the site. To do this, you just need to open the notification and enter the correct details. We wish you successful deals and prosperity on your financial journey!  
    • ⏩ Рады сообщить, что теперь вы можете обменять свою криптовалюту на китайские юани (CNY) через Alipay!   Alipay - это крупнейшая платежная система в Китае с более чем 1 миллиардом активных пользователей.   Поддерживаемые направления: Tether TRC20 USDT → Alipay CNY Tether BEP20 USDT → Alipay CNY Tether ERC20 USDT → Alipay CNY
    • База игроков Notcoin достигла 40 миллионов, токен вырос в цене   Команда игрового Web3-проекта Notcoin сообщила, что количество пользователей достигло 40 миллионов. По данным разработчиков, игроки уже заработали $1,5 млн в TON через 20 кампаний. Команда ожидает десятикратного роста этого показателя после автоматизации новых миссий, которые смогут запускать сторонние проекты самостоятельно. На фоне этого анонса цена Notcoin выросла на 5%. 2 июня Notcoin обновил исторический максимум до $0,021, а его рыночная капитализация превысила $2,75 млрд.  
    • С момента своего торгового дебюта в 2011 году Биткойн продемонстрировал впечатляющую среднегодовую доходность примерно в 104%, превзойдя доходность портфеля Уоррена Баффета и фондовых рынков США.     Сравнение среднегодового темпа роста (CAGR) Биткойна с доходностью, полученной портфелем Уоррена Баффета, крупнейшими активами которого являются Apple, Bank of America, American Express, Coca-Cola и Chevron Corp, показывает совершенно разные профили риска и вознаграждения и производительность на разных временных интервалах. Портфель Уоррена Баффета: меньше рисков, такая же прибыль, как и у акций Например, согласно данным ресурса Lazy Portfolio ETF, среднегодовой темп роста портфеля Уоррена Баффета составил 10,03% со стандартным отклонением 13,67% за последние 30 лет. Для сравнения, портфели акций компаний США имеют более или менее схожую доходность, но с более высоким стандартным отклонением. Портфель Уоррена Баффета против портфеля акций США. Источник: Lazy Portfolio ETF. Другими словами, портфель Oracle of Omaha показал впечатляющие результаты, несмотря на то, что он менее волатилен и менее рискован, чем портфели акций США. Его инвестиционная философия подчеркивает долгосрочное стоимостное инвестирование, разумное управление рисками и предпочтение фундаментально сильным компаниям. Биткойн превосходит портфель Баффета, не склонного к риску Для сравнения, производительность Биткойна была просто выдающейся. С момента своего торгового дебюта в 2011 году Биткойн продемонстрировал ошеломляющую среднюю годовую доходность около 104%. Эта цифра легко превосходит доходность портфелей акций Баффета и США в среднем каждый год за последние 13 лет. Годовая доходность Биткойна. Источник: Curve.eu Среднегодовой темп роста Биткойна также намного выше, чем у его конкурента-убежища, золота , которое за тот же период приносило в среднем 6% ежегодной прибыли. Это показывает, что, хотя портфели акций США достигли среднегодового темпа роста, сопоставимого с портфелем Баффета, его более высокая волатильность может сделать его непригодным для инвесторов, не склонных к риску.   Золото со своей скромной средней годовой доходностью в 6% за последнее десятилетие предлагает относительную стабильность и действует как защита от экономических спадов. График среднегодовой доходности золота. Источник: Curve.eu Многие трейдеры и инвесторы рассматривают Биткойн как «цифровое золото», рассматривая его как защиту от инфляции и девальвации валюты. Такое восприятие с годами повысило его привлекательность как актива. Примечательно, что несколько американских компаний, таких как MicroStrategy и Tesla, добавили биткойн в свои резервы, после чего последовал запуск спотовых биржевых фондов биткойнов (ETF), которые еще больше укрепили его статус среди институциональных инвесторов. Совокупный приток биткойн-ETF в США. Источник: Farside Investors.  Тем не менее, Биткойн остается очень волатильным, а его цена подвержена резким колебаниям по сравнению со стабильной доходностью портфеля Баффета. Однако в последние годы Биткойн демонстрировал более низкую волатильность, чем многие акции S&P 500, включая Tesla, Meta и Nvidia.   Портфель Баффета представляет собой более консервативную, долгосрочную стратегию с последовательной доходностью и управляемым риском, даже несмотря на то, что он имеет доступ к прокрипто-необанку  Nu Holdings . Напротив, Биткойн обеспечил гораздо более высокую доходность, хотя и со значительной волатильностью и несколькими крупными спадами за последние 13 лет.
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Cardano ADA > Dogecoin DOGE Dogecoin DOGE > Cardano ADA
    • Друзья, наши курс на данный момент: BTC – RUB – 5 968 800 (Не забывайте, что курсы нестабильны, точные данные можете узнать в моменте у поддержки)
    • Добрый день всем нынешним и будущим клиентам 😊 Курс по направлению: USDT – RUB – 85.3 Обменник работает в ручном режиме, 24/7. Подробности уточняйте у операторов.
    • Одно из основных преимуществ нашего сервиса обмена электронных валют - это выгодные условия обмена. У нас вы всегда найдете один из лучших курсов на рынке, что позволит вам сэкономить. Мы следим за изменениями курсов и всегда предлагаем нашим клиентам самые выгодные условия.
    • Количество пользователей Binance превысило 200 млн   Криптобиржа Binance объявила о том, что количество пользователей платформы превысило 200 млн. На то, чтобы привлечь дополнительно 100 млн клиентов, компании потребовалось более двух лет. Ситуацию прокомментировал новый CEO Binance Ричард Тенг. Он также выразил благодарность сообществу биржи.   Напомним, Binance отметила достижение 120 млн пользователей в июле 2022 года. Спустя год и один месяц аудитория биржи выросла до 150 млн человек. Тогда Чанпэн Чжао, предыдущий глава фирмы, заявил, что главным препятствием к привлечению следующих 100 млн клиентов является отсутствие эффективных решений по конвертации криптоактивов в фиат.
    • покупка биткоина фирмами за пределами криптоватного сектора уже не вызывает такого ажиотажа. но тенденция радует, все больше компаний готовы купить биток пусть даже на небольшую сумму.
×
×
  • Create New...