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Accepting payments in Litecoin

The features of accepting payments in Litecoin (LTC).¶

After enabling this option in the Merchant WebMoney service a merchant can accept payments the units of Litecoin 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 Litecoin is 0,01 mLTC;
Merchants' purses are funded after receiving of a minimum of six confirmations of a transaction in the litecoin.org relay network database;
Merchants can accept payment to WML-, WMZ-purses;
LTC taken as payment for goods and services are kept in the WML title units format that are further transferred either to the merchan't L-purse or to the X-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 Litecoins;
If the transferred amount of bitcoins differs from the one specified on the page of the shop, containing the given product or service, the funds cannot be accepted and transferred to the merchant;
To speep up the purchase-sale process, the merchant have a possibility to verify the payment and dispatch the product to the customer in advance, before all necessary confirmations are received.

To quickly switch the payer to the payment page in Litecoin (LTC), the seller must set the payment method parameter LMI_ALLOW_SDP=26.

<input type="hidden" name="LMI_ALLOW_SDP" value="26">