Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Stripe Fully Integrated with Bitcoin, Allows All Merchants to Accept BTC Payments

byDan Gray
February 24, 2015
in FinTech, News

Payment processor Stripe has announced that that the company is enabling its clients to accept Bitcoin payments.A developer-friendly way to accept payments online and in mobile apps, Stripe stated in a release last week stated that its now integrated with Bitcoin enabling merchants to accept payments in the cryptocurrency. While it is still accepting credit card payments, the method of payment differs. Stripe users can however start accepting Bitcoin payments without changing their server-side integration: all API endpoints and dashboard reports are available for both types of payments.

They explained in this respect- “With credit cards, you collect a card number from your user. You can use this card number multiple times, but each time, the user’s bank may choose to decline the charge. Simply collecting the card number does not guarantee access to any particular amount of funds.”

With Bitcoin, on the other hand, there’s no saved number that you can attempt to charge multiple times or at a later date. Instead, you invert the process by telling your customer how much they need to pay you, and providing a way for them to be able to pay you that amount—a place where they can “push” funds.

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

When accepting Bitcoin with Stripe, they suggest that you specify the amount that you want to collect from your user, in USD; they determine what amount of bitcoin (BTC) is needed to convert to the specified USD amount. A BitcoinReceiver—a wrapper around a Bitcoin address provides a virtual location that your user can push the payment to. Once the user has pushed enough bitcoin into the receiver, they can create a charge using this receiver (very much how you would use a card token if you were accepting credit card payments). Because the funds are already in the receiver when you create the charge, there’s no concept of a “decline” the way there would be in credit cards. You already have the bitcoin, so creating a charge from the BitcoinReceiver cannot fail.

Stripe allows customers to authorise payment using any Bitcoin wallet or service. it takes a few lines of code to enable bitcoins alongside other forms of payment. The simplest way to accept Bitcoin is to use Stripe Checkout. Bitcoin in Stripe Checkout can be enabled by adding the data-bitcoin=”true” option when constructing the checkout form.

Stripe has explained the process of checkout in detail here. The thorough guideline gives step-by-step instructions on generating addresses for payment and creating a charge.

Stripe started testing Bitcoin integration last March with a private beta. Stripe merchants were able to accept Bitcoin transactions from more than 60 countries. The trial was finished in December. Stripe will charge 0.5 percent per transaction made with Bitcoin.

(image credit: scottks)

Tags: bitcoine-commerceStripe

Related Posts

Shinyhunters extorts Red Hat over stolen CER data

Shinyhunters extorts Red Hat over stolen CER data

October 7, 2025
CPAP breach exposes data of 90k military members

CPAP breach exposes data of 90k military members

October 7, 2025
Windows 11 test build blocks local account bypass

Windows 11 test build blocks local account bypass

October 7, 2025
Excel gets AI agent mode for automated data tasks

Excel gets AI agent mode for automated data tasks

October 7, 2025
What is new at iOS 26.1 beta 2?

What is new at iOS 26.1 beta 2?

October 7, 2025
ChatGPT reaches 800m weekly active users

ChatGPT reaches 800m weekly active users

October 7, 2025
Please login to join discussion

LATEST NEWS

Shinyhunters extorts Red Hat over stolen CER data

CPAP breach exposes data of 90k military members

Windows 11 test build blocks local account bypass

Excel gets AI agent mode for automated data tasks

What is new at iOS 26.1 beta 2?

ChatGPT reaches 800m weekly active users

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.