NOWPayments Tech Updates

NOWPayments Tech Update

Time for a good old technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. Added a new feature that will let your clients pay for one order with several transactions.

To create a second payment you should specify the “purchase_id” when you will create the second payment. You can find “purchase_id” for your payment in create_payment response. This payment will be considered as a second one for this order.
Please note that each of the payments should greater than the minimum amount.
Also, you can’t specify payment for new payments, it is only for the second one.

2. Coin adding optimization.

3. Extra id for payout wallets

4. Last, but most definitely not least – we’ve introduced a new fee system!

To learn more details about it, go to our brand new pricing page!

We really hope that our partners will enjoy the new feature. We always strive to diversify the options for our dear merchants, making NOWPayments as customizable as possible for the ultimate experience in accepting crypto!

  1. Two-factor authentification. 
  2. Estimate optimization.
  3. Adding new coins – BUSD, XEM, HUSD.
  4. Payments mapping in the dashboard.
  5. Technical SEO optimization.
  6. Endpoint with the minimum payment amount.
  7. OpenCart plugin.

That is it for today, we are very excited about everything going on, as always! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

How to Accept BAT (Basic Attention Token) Through Our Site

How to Accept BAT (Basic Attention Token) Through Our Site

A small guide on BAT payments via NowPayments

What is BAT? 

BAT is a token by Brave, whose purpose is to reward users for watching ads. The current global advertising model is based on the dominance of the companies, collecting user private data and selling this data indirectly to other companies in the form of various targeting tools. That’s the way how Google and Facebook make money – they analyze the interests of their users and show them relevant ads, getting paid for it. Brave proposes a new model – a model which suggests that only the users themselves own their data and can share it deliberately only to be rewarded for showing them ads. By default, in Brave browser all ads and trackers are blocked. When advertisers get access to advertisement tools, i.e. they allowed to target users, they spend BAT tokens which go to their users’ wallets. The popularity of the Brave browser increases every year, at the end of 2019 there were 8.7 million people using it. 

How can you accept BAT tokens on your website? 

NowPayments is a set of simple tools that can be integrated to your website to receive the most popular cryptocurrencies, including BAT. All payments that you receive, are stored in your wallet. 

To be able to receive payments, you have to register on the main page of NowPayments. Then you have to specify your outcome wallet, generate an API key then generate the IPN Secret key, and save it in Store Settings tab at the Dashboard.
The process of integration is relatively easy and doesn’t require hiring a team of developers. We have many tools – including the donations widget and buttons, payment notifications, etc. Also we support WooCommerce – one of the most popular WordPress plugins. To get more info, please visit the Merchant Tool page.

NOWPayments Tech Updates

NOWPayments Tech Update!

It is the end of the week, which means, we are bringing out a technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. Unlimited Payout wallets!

Now, you can have several outcome wallets to receive your payments. You can add as many wallets as you want, and the autoconversion will be done to the highest available payout currency. 

2. Small SEO improvements.

We really hope that our partners will enjoy the new feature. We always strive to diversify the options for our dear merchants, making NOWPayments as customizable as possible for the ultimate experience in accepting crypto!

  1. A new feature that will let your clients pay for one order with several transactions.
  2. Two-factor authentification. 
  3. Coin adding optimization.
  4. Stable coin estimate optimization.

That is it for today, we are very excited about everything going on, as always! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

New Update: Add As Many Outcome Wallets As You Want!

NOWPayments is excited to announce a new feature of ours: now, you can have several outcome wallets to receive your payments. This is what it looks like:

And here’s how it works:

Previously, you had the ability to choose only one payout wallet. So, for example, if you chose to use DigiByte as a payout currency and your customers decided to pay with Pax coin we wouldn’t be able to provide you with autoconversion. Now, it’s covered! You can add as many wallets as you want, and the autoconversion will be done to the highest available payout currency. 

Some details:

  1. The higher your wallet is in your dashboard – the higher priority it has when you receive payments.
  2. If your customer pays you with the currency of your prioritized outcome currency you will receive this payment directly onto your wallet.
    For example:
    Your customer pays you in ETH and it is your preferred (or only) wallet, you will receive this payment in your ETH wallet.
    Otherwise, if you don’t have an ETH wallet, there will be an automated conversion to the wallet with the highest priority.
  3. If your client pays you with the currency, that you don’t have as an outcome wallet, there will be automated conversion.
    For example:
    You have ETH and BTC outcome wallets. If your customer pays you with DGB, you will receive your funds in ETH, because the ETH wallet has a higher priority than BTC. And if your client pays you with the currency, that doesn’t yet have a pair to ETH, you will receive funds in BTC because it is your second outcome wallet.
  4. You can specify as many wallets, as there are supported currencies.
    1 currency = 1 wallet.
Payments In Crypto: Apparent Trends Of 2019

Payments In Crypto: Apparent Trends Of 2019

Online payments in a wide variety of cryptocurrencies are what we are eager about. As they get more popular every minute, it is crucially important to focus on the shifts and changes to get to the core and make the most of your transactions. Here is an overview of how the crypto payments changed over the past year!

Governmental Persistence In Regulation

What many representatives have been worried about over the past few years happened in 2019. The FATF Anti-Money Laundering Development Group published the final version of the guidelines for the cryptocurrency industry. In an official document, the FATF obliged the bitcoin exchange and other cryptocurrency service providers (VASPs) to follow AML and CFT (anti-money laundering and counter-terrorism financing) procedures similar to traditional financial companies.

Experts and analysts tried to convince the FATF that in the blockchain industry, it is quite tricky, if possible at all, to observe the same rules as in the banking sector. There were also warnings that the cryptocurrency business may partially go into the shadows, and that privacy of users and the effectiveness of law enforcement operations will suffer.

Nevertheless, in June, new recommendations were adopted and approved by the G20 countries, after which 12 months are allotted to businesses and governments for their implementation. New standards will also apply to organizations working with cryptocurrencies and tokens, for example, exchanges and hedge funds. It is expected that the first review of the implementation of the FATF recommendations will be carried out in June 2020.

This indicates that the industry is on the verge of tremendous changes. This process will not be short-term, but many people should already think about whether they are ready to play by the rules or continue to uphold the ideals and philosophy of the cryptocurrency world free of state censorship.

Mimblewimble – A New Technological Breakthrough?

Mimblewimble technology was initially conceived as the second layer of Bitcoin, designed to increase transaction confidentiality and network scalability. However, subsequently, the developers concluded that creating your cryptocurrency may be the easiest way to test it in real life.

On January 3, the Beam project was presented, choosing a model with financing and more rigorous corporate ethics. On January 15, the Grin network was launched, the launch of which was not preceded by an ICO or premine, and the development was carried out voluntarily.

Over the past year, both cryptocurrencies have gained some popularity and are available for trading on several large exchanges. The underlying Mimblewimble technology is also attracting more attention. So, in October, two proposals to improve the protocol, providing for the integration of MimbleWimble to ensure transaction privacy, were published by Litecoin developers.

It is precisely these properties of technology that can potentially become the “secret weapon” that will push the industry to its wider adoption, especially in light of the increasingly harsh rhetoric of regulators regarding more well-known anonymous coins.

Blockchain-Revolution In China: Less Trading On The Chinese Market?

Having squeezed out a significant part of the cryptocurrency business from the country at the end of 2017 and in 2018, the Chinese authorities continued this “tradition”, increasing pressure on the remaining companies and traders in the country.

This trend became especially noticeable in November when cryptocurrencies were called “unregistered securities, fraud and Ponzi schemes” on CCTV1, the mouthpiece of the Chinese Communist Party, and the Shanghai authorities initiated a new check aimed at suppressing activity related to crypto trading and token sales. Around the same time, the Weibo social network blocked the official accounts of the Binance and Tron Foundation exchanges, citing “violation of laws and regulatory requirements,” and residents were asked to inform crypto-traders they knew.

Further events in China will undoubtedly affect the development of the entire industry, but at this stage, what is happening causes more anxiety than optimism. So far, the tightening of policies by the authorities has encouraged traders to transfer their assets to safer places.

Conclusion

At the moment, not a single large state has introduced its national cryptocurrency.  Digital yuan is the crypto that never appeared. The Chinese authorities claim that they have been developing it for more than a year, and now it is at the testing stage. There were rumors that the launch should take place in early November, but the information was not confirmed. Currently, a tiny percentage of the world’s inhabitants are involved in cryptocurrencies, mainly digital coins continue to be treated with caution, but not at all as negatively as before. In 2019, most cryptocurrencies could not show impressive growth, despite a 2.5-fold increase in the Bitcoin exchange rate – from $ 3200 to $ 7000. However, the industry has made a big leap forward. Now it has become part of the economy thanks to the projects of Facebook, Telegram and central banks around the world.

NOWPayments Tech Updates

NOWPayments Tech Update

It is the end of the week, which means, we are bringing out a technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. We have added ETC! This was very exciting, we were astonished by the amount of community support this news has received! Even before the coin was officially on, our social medias were blowing up with happy messages from the fans. That really made our little hearts fill with joy!
  2. We have also done some small SEO improvements.

Whew! That was a lot of news. But we are not taking a rest! Here is what we are currently working on:

  1. The possibility to create several payout wallets.
  2. A new feature that will let your clients pay for one order with several transactions.
  3. Two-factor authentification. 

That is it for today, we hope you are just as excited about our recent and upcoming updates as we are! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

NOWPayments Tech Updates

NOWPayments Tech Update

It is the end of the week, which means, we are bringing out a technical update. We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. We have added NANO to the list of supported coins! It is amazing to see the list growing that fast!
  2. We have lowered our minimum exchange amounts for Neo’s GAS! Now you can exchange just around $2 worth of the token!
  3. We started supporting Waves!
  4. We’ve got a new feature – IPN request tracking! Now we will be doing an even better job of helping people out with our service.
  5. We have updated our get payment status procedure, we’ve added in the quantity and the currency that our merchants receive payments in.

Wasn’t that a good job that we did? But we are not taking a rest! Here is what we are currently working on:

  1. The possibility to create several payout wallets.
  2. We are adding yet another coin – third in the past two weeks – ETC!
  3. A new feature that will let your clients pay for one order with several transactions.
  4. Two-factor authentification. 

That is it for today, we hope you are just as excited about our recent and upcoming updates as we are! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

Accept Payments in HT, the Huobi Token, on NOWPayments

Accept Payments in HT, the Huobi Token, on NOWPayments

The easiest payment solution to accept crypto is now proud to accept Huobi Token (HT).  This token was launched by the famous Singapore based exchange Huobi, allowing you to do many things such as get rewarded for holding the tokens, have reduced fees when exchanging crypto on the platform. Get invited to Huobi events, you can check out more information about their token here.

How is NOWPayments the easiest way for you to accept crypto payments?

With its API plugin, NOWPayments allows you to accept crypto as easy as 1-2-3. NOWPayments allows you to seamlessly integrate the solution to your webpage and by using its CMS plugin, you can integrate NOWPayments fully into your web store. Log in to NOWPayments to register, and you’re already halfway done.  NOWPayments is a safe and noncustodial service that allows you to be paid in the cryptocurrency of your choice. Your payments – your way.

Using NOWPayments, you can also accept donations on your webpage, Setup NOWPayments on your webpage, and start accepting Huobi Token in donations today!  Check out this link here to set up your donation button. 

1. Registering on the NOWPayments non-custodial system, allows you to send payments directly to your OWN address.

2. Using NOWPayments easily integrated API,  you can set up payments in minutes on your webpage.

3. Once set up, let your clients pay in crypto!

With NOWPayments, you can let your users pay you in the available crypto’s like Huobi token, but you can choose to only accept Bitcoin, NOWPayments does the rest for you, making it the easiest way for you to accept the currency you want!

To get started accepting Huobi Token, create an account or sign in, set up your merchant account, but the address of your chosen currency and accept today!

Step 1:Set up the price in fiat currency,
Step 2: NOWPayments will calculate in real-time what that price is, with the selected currency, 
Step 3: You receive payment in the currency of your choice.

Do your business NOW, and let us worry about making payments work for you.

NOWPayments Tech Updates

NOWPayments’ Tech Update

It is the end of the week, which means, we are bringing out a technical update! We work on adding new things to the service every day, and we want to share that with the world, in order to be more transparent with our clients! 

So, here are some of the cool things we’ve done in the past week:

  1. New feature – payment cover.

This feature lets our merchants chose a percentage of the payments that they will consider as “finished”.

Here is an example to make you understand it better:

If you created a payment that is worth $10 and chose a 1% payment cover, then when a client sends you $9.90, his payment will still be considered as “finished”. This situation can occur if your client forgets to include the network fee into the amount that he is sending, so the fee is taken away from the full price of your product that he has sent.

It is important to note that the Payment cover percentage is calculated from the ‘Pay Price” parametre and is compared to the amount of cryptocurrency that the user sent in. 

2. Payment markup.

This feature lets our merchants set an additional percentage to their payments.

An example: you’ve created a payment that is worth $100. Your payment markup is set to 5%. Your payment will be created for $105 in your chosen currency. This will help you as a merchant to avoid market risks and coin’s volatility. 

It is important to note that if you are creating payments through API, then the percent will be added only if you don’t set the pay_amount yourself. All that you need to set is price_currency, price_amount, pay_currency, and the pay_amount will be automatically calculated considering the payment markup. We have upgraded the ‘get estimated price’ method.

3. We have renewed our status notifications for partially paid transactions. Now, you can see the amount of cryptocurrency that your client sent you in response to your status request or through the IPN.

4. We have upgraded our FAQ

Read up on all the new information!

5. We have introduced new minimal payment amounts for BTC, ETH, DGB, LTC, XLM, XRP, ZEC, KMD, BNBMAINNET, DASH, TRX, DGD, EOS, XMR, BCH, ZEN, XZC, XVG, TUSD, QTUM, FUN, BTG, BCD, and BAT!

You can read more about it in our dedicated blogpost.

6. We have added an option to create custom donation links!

This was a feature developed especially for our Australian Fires relief campaign, you can check out the link here: nowpayments.io/donation/bushfire-relief/

If you want to start accepting donations with a custom link, you can contact our Business Development Manager Xena on Telegram here: @XenaNOW

Whew! That was a lot of news. But we are not taking a rest! Here is what we are currently working on:

  1. A feature that will let you see the total amount of crypto that you have received through the API or with our WHMC and WOoCommerce plugins (in payment settings).
  2. The possibility to create several payout wallets.
  3. Adding new supported coins – WAVES and ETC! We always strive to bring our merchants as many options as possible.
  4. A new feature that will let your clients pay for one order with several transactions.
  5. Two-factor authentification. 

That is it for today, we hope you are just as excited about our recent and upcoming updates as we are! If you need any help with integration or have any technical questions, you are always welcome to contact the NOWPayments Business Development Manager – Xena. You can find her on Telegram: @xenaNOW.

New Minimal Payment Amounts!

New Minimal Payment Amounts!

NOWPayments is happy to announce a huge update – we’ve significantly lowered our minimum payment amounts for 24 coins!

From now on, you can accept around $2 worth of these amazing cryptos: 

BTC, ETH, DGB, LTC, XLM, XRP, ZEC, KMD, BNBMAINNET, DASH, TRX, DGD, EOS, XMR, BCH, ZEN, XZC, XVG, TUSD, QTUM, FUN, BTG, BCD, and BAT!

Impressive, right? 

NOWPayments always holds our clients’ best interests at heart, so it was important to make ourselves as accessible as possible for any merchant out there.

The possibility to accept such small amounts opens up opportunities for merchants whose products’ prices are more affordable. That shouldn’t be a limit in your intentions to accept crypto!

We are celebrating this update and hope that you are, too, but the work doesn’t stop. We already can’t wait to introduce these low amounts to more of our coins!

Follow our social media to keep a lookout for your favorite coin, if it’s not already there: our Twitter, or Medium will help you learn about it first!