How to choose your Bitcoin processing provider?

This is probably the most important question you should ask yourself before accepting bitcoin payments. In fact, accepting bitcoins or not is no longer a question, thanks to all the services that allow the most reticent to instantly convert BTC to fiat. But a bad choice of a service provider can be very expensive.

Since Blockchain.info has deprecated their v1 API, a considerable number of service provider have appeared. The phenomenon then accelerated after the crypto-boom at the end of 2017 and now, the sector looks like a jungle.

To get a clearer picture, you have to determine the average basket of your customers. This is very important because that will allow you to select the category that matches your need. In practice, there are two categories. One the hand, services that charge a 1% commission fee on each transaction, and, on the other hand, those with a fixed commission fee.

Since one picture reveals more than a thousand words, please take a look below

Apirone takes the fixed commission for each income payment 0.0002 BTC at forwarding API only. We do not take the fee from amounts less than 100000 Satoshi.

It’s an extreme example of course, but an interesting and highly symbolic example. This is why you have to create the average basket of your clients. Repeat this infographic with your own products, bearing in mind that every product that cost more than 80$ could be costing you a lot of money in fee.

To start accepting bitcoin with a fixed commission, you just have to change the endpoint line to our https://apirone.com/api/v1/. That’s all.

If you want to know more about commissions, fixed or not, you can contact Apirone.

Aside from the fixed commission, we support all the Segwit transactions as well as the TOR network. No need to complete a KYC/Documentation and no registration required to start accepting bitcoin payments with Apirone.

Documentation: https://apirone.com/docs/bitcoin-forwarding-api