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120 sats \ 3 replies \ @DarthCoin 5 Dec \ parent \ on: Quick Advice Regarding Merchant Accepting BTC and LN Payments? bitcoin
Please ask him these questions, to clear up for him and for us, what solution is best for now:
  • he wants just to test for a while the bitcoin payments?
  • he wants to have a long term solution ?
  • he wants to have a custodial solution, temporary or long term? (keep in mind that custodial remove the hurdle of liquidity)
  • he wants full self-custodial ?
  • he wants full self-custodial but not the own LN node?
  • he wants full self-custodial with his own LN node ?
For example as I described in the guide I've sent you, the solution I see it for him is IbexPay. Just to start fast and have a professional dashboard and also connect his e-shop with Woo. Also Opago, is a LNbits in the background, so could offer access to a Woo plugin.
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71 sats \ 2 replies \ @siggy47 OP 5 Dec
he wants just to test for a while the bitcoin payments?
For now, yes.
he wants to have a long term solution ?
Yes he wants to have a custodial solution, temporary or long term? (keep in mind that custodial remove the hurdle of liquidity)
He is okay with custodial for lightning. He will be transferring his sats to his own wallet quickly and the LN payments will be at most $200 US.
On chain, he wants self custody direct to a cold wallet. The payments will be large.
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163 sats \ 1 reply \ @DarthCoin 5 Dec
Ok then the fastest integration, also with woocommerce plugin ready, is:
  • opennode - serious payment processor
  • ibexpay - serious payment processor
  • opago pay
  • swiss bitcoin pay
  • coingate
  • Voltz (is quite new, but is a full lnbits ready, so for testing is ok)
Once you have an account with one of these, easily charge onchain/LN on Woocommerce and then withdraw into own cold storage.
Later, with patience can setup his own self-custodial thing, BTCpay or full LNbits server.
This is what I will do, if I would have a big business like that.
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20 sats \ 0 replies \ @siggy47 OP 5 Dec
Very good. I'm meeting with him tomorrow. He doesn't want to worry about LN liquidity until he really gets his feet wet. It makes sense.
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