OpenNode – Bitcoin Payment Processor

Hasz

Very impressed at net cost. I used to run a small ecom business targeting total prices in the range of $3-10. At $3, payment processing is nearly 11-12% of costs, which is absurd, more if you amortize the occasional chargeback/fraud. Lightning can do it for <<0.1% net cost even at the low end, which is incredible. There are plenty of these kinds of vendors on eBay, Aliexpress etc that would be willing to adopt with a bit of help. For whoever posted, your cost calculator should be first thing on the page, and you "How we calculated this number" link is broken

w4yai

Glad to see such initiative on bitcoin !

mikelovenotwar

Broken link on the pricing page "How did we calculate this number " -> https://help.opennode.com/en/articles/3179796-where-are-open... -> "Uh oh. That page doesn’t exist. Try searching for your answer or just send us a message."

samantha-wiki

Is it open source? If not, why choose the name “OpenNode”?

octocop

Looks solid

jdw64

American-style words are really hard these days. I thought 'open' meant source code is available, but at some point, starting with OpenAI, it seems like 'open' has come to mean 'we'll open your wallet.

mothballed

If they don't swoop in with random check-ins hassling you for docs for " muh KYC " and " muh AML compliance " the moment you do anything outside of the boring middle ground then they're ahead of basically 99+% of all the other tradfi-interlocking offerings.

aantix

Genuine question - why would someone hold bitcoin for regular, everyday purchases? The buying power is all over the place.

charcircuit

>Bitcoin - the only legitimate cryptocurrency secure enough for transacting at scale. I prefer the trend of using stable coins for payment instead. I think merchants are much more willing to work with a digital dollars than with something with constantly fluctuating value.

pixelatedindex

I’m a little confused by the fees. In their pricing page ( https://opennode.com/pricing ) it says: You request $100, the customer pays 0.00152 BTC, and then you get $99. But 0.00152 BTC is almost $100? If I’m a business why would I pay $100 in BTC fees for a $100 transaction? What is this solving? I’ll never understand crypto. Edit: nvm I’m dumdum. Will get coffee. Thanks to everyone who replied.

nohell

Why not just accept Monero? It acts more like cash. Do you really want to leak every transaction you've ever done, every time you buy something? Bitcoin is surveillance capitalism dream!

futurecat

They've been in business for a long time and I used them when I experimented with QR code for street artists to receive tips. OpenNode is very simple to implement!

jrm4

Interesting to see that this crypto thing might still have legs, as someone who's invested a lot of time (and thankfully, not a painful amount of money) into the idea. Yes, it's scam city too, but it will be interesting to see if "permissionless money" actually happens and how. And for the record, most people here pointing out that bitcoin itself, as perhaps this "opennode" may be useless here, are correct. Bitcoin mostly can no longer do what it says on the box, but newer forms can.

5701652400

not your keys, not your money.

5701652400

when we will finally have good self-hosted, open-source, BTC gateways?

seany

This would be more interesting with other coins. Monero or cash come to mind

kogasa240p

Does it support Monero?

Palmik

So, this is 'open' as in 'OpenAI', not as in 'open source'. What's the benefit of this compared to something like NOW Payments for merchants (or the myriad of alternatives)? NOW Payments supports a wide range of crypto currencies as well.

fishgoesblub

Why this instead of the opensource, well used, and trusted BTCPay that you can self-host and has 0% fees?

zdkl

I don't have much substance to add to the discussion but this kind of topic is very relevant to the GNU project Taler which aims to bring an open payment infrastructure to general use/"the market". They have significant investment and institutional interest notably from the EU and established organisations such as NLNet. I am not affiliated but figure this deserves more attention, especially in this conversation. https://www.taler.net/en/index.html