$30 Billion Online Merchant Processor Digital River Adds Bitcoin Payments
Updated to include information on Digital River's bitcoin pricing policy. Commerce-as-a-service solutions provider Digital River - a company that processed more than $30bn in online transactions in 2013, has announced that it has added bitcoin as a payment option for its online merchants. The offering is now available to merchants using the Minnesota-based company's SWREG solution for small and mid-sized businesses. Notably, Digital River said it is seeking to allow customers to take advantage of the savings bitcoin can bring to international transactions, indicating it now sees bitcoin as....
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Digital River is now accepting Bitcoin! Digital River is an e-commerce payment processor, but has previously been used for more conventional methods such as credit cards. Since its founding in 1994, Digital River has processed $30 billion dollars in transactions, making it one of the biggest payment processors. Due to this, I think it’s huge that it’s accepted Bitcoin. It allows people that have used Digital River for years to maybe start accepting Bitcoin, and creates competition amongst popular Bitcoin payment processors such as Bitpay and Coinbase.
Internet commerce giant Digital River (NASDAQ: DRIV) announced today that merchants who are making use of their small to mid-sized e-commerce products and who sell online here in the United States can now also accept bitcoin payments alongside traditional means (such as credit cards, wire transfers, bank transfers, and other third-party wallet services). "Bitcoin continues to attract more mainstream attention," says Tom Peterson, executive vice president and general manager of commerce at the Minnesota-based company. "We're excited to be among the first pure play ecommerce providers to....
Joining the ranks of Coinbase, MtGox and Blockchain, Bitcoin developers Stefan Thomas and Jeremias Kangas have released a lightweight Bitcoin payment processor of his own, with a twist: you do not have to trust it to use it. The way that all other payment processors to date have kept track of individual orders is by creating a unique address for each payment, and forwarding any payments that they receive to the merchant. This does prevent the main issue with not bothering with payment processors and instead just having a single address - namely, that if you receive a payment you have no....
Mycelium has announced the launch of a new merchant processor, Mycelium Gear. Merchants can now receive payments directly into a Mycelium or Electrum wallet free of charge by installing a payment widget on their website or by integrating its open-source API into their backend. In Friday's announcement on r/Bitcoin, Mycelium Community Manager Dmitry Murashchik states, "Mycelium Gear is a merchant processor which demonstrates something that has never been possible before Bitcoin: the ability for merchants to use a full featured merchant processor to receive payments online, and have the....
Bitcoin payments processor Coinbase has added support for the bitcoin payment protocol. Called BIP 70, the protocol allows communication between a merchant and its customers when transactions are made, and was designed to provide additional security and improve the customer experience. Coinbase says BIP 70 will offer improved protection against man-in-the-middle attacks on the payment process. Safer transactions. Addition of the protocol brings new features that should come in useful for many merchants: Human-readable, secure payment destinations - customers will be asked to authorize....