Accepting payments in Ethereum

The features of accepting payments in Ethereum (ETH).

After enabling this option in the Merchant WebMoney service a merchant can accept payments the units of Ethereum cryptocurrency from the buyers who cannot be the members of WebMoney Transfer

For the merchant accepting such payments looks the same as accepting payments from the members that already have a WebMoney purse.

With this, there are the following peculiarities:

  • The minimum amount of a payment in Ethereum is 0,00001 ETH;
  • Merchants' purses are funded after receiving of a minimum of six confirmations of a transaction in the relay network database;
  • Merchants can accept payment to WMF-, WMZ-purses;
  • ETH taken as payment for goods and services are kept in the WMF title units format that are further transferred either to the merchants' F-purse or to the F-purse a of the automatic exchage service. In the second case, the funds after being exchanged at the current exchange rate are transferred to the WMZ-purse that is adjusted to accept Ethereum;

See also:
Web Merchant Interface
Merchant WebMoney Transfer
Two Simple Steps to Accept WebMoney Payments
Paying for products and services using the Merchant service
Accepting payments in Bitcoin
Accepting payments in USDT