Difference between revisions of "BitPay"

Revision as of 13:46, 14 January 2019

Supported Features

Type	One Time	Recurring	Refunds	Reversals
3rd Party	Yes	No	No	No

BitPay is the first and most experienced company in bitcoin payments. BitPay builds powerful tools for secure bitcoin payment acceptance, savings, and spending.

Setup

Begin by activating the payment gateway under Setup > Payments > Payment Gateways and choose BitPay from the All Payment Gateways tab.

Once activated, you can then enter the configuration details explained below.

This module requires either the GMP or BCMATH PHP extension. You can confirm that your PHP environment has at least one these extensions by reviewing Utilities > System > PHP Info

API Key

The API Key is automatically generated when saving the gateway configuration. This field should be left empty to automatically generate the value. When changing from Test Mode to Live, this field should be emptied.

Pairing Code

The Pairing Code is automatically generated when saving the gateway configuration. This field should be left empty to automatically generate the value. When changing from Test Mode to Live, this field should be emptied. This pairing code should be entered into your BitPay account. This is done in Payment Tools > Manage API Tokens.

Transaction Speed

The transaction speed setting determines how quickly an invoice payment is considered to be "confirmed," which would be the status at which you would fulfill and complete the order.

More information on the Transaction Speeds and what they mean can be found in the BitPay documentation: https://support.bitpay.com/hc/en-us/articles/202943915-What-does-the-Transaction-Speed-setting-do

Test Mode

Check this to enable Test Mode using BitPay.

@@ Line 22: / Line 22: @@
 ===Transaction Speed===
-HIGH speed confirmations typically take 5-10 seconds, and can be used for digital goods or low-risk items. LOW speed confirmations take about 1 hour, and should be used for high-value items.
+The transaction speed setting determines how quickly an invoice payment is considered to be "confirmed," which would be the status at which you would fulfill and complete the order.
-When a BitPay transaction is made, it enters a pool of unconfirmed transactions. The slower the transaction speed, the more validation the payment has gone through.
+More information on the Transaction Speeds and what they mean can be found in the BitPay documentation: https://support.bitpay.com/hc/en-us/articles/202943915-What-does-the-Transaction-Speed-setting-do
 ===Test Mode===
 Check this to enable Test Mode using BitPay.

Documentation