Re:Show HN: Munt – The simplest way to accept cryptocurrencies
by pjc50 on Thursday April 12, 2018 @10:48AM
(#16821483)
So .. how does this actually work? Is it a direct wallet transfer or is it an intermediary? How does it handle unconfirmed transactions? Which cryptocurrencies is it valid for? Does it do refunds? Are there KYC/AML requirements?
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Re:Show HN: Munt – The simplest way to accept cryptocurrencies
by svenvdz on Thursday April 12, 2018 @12:01PM
(#16822256)
Hi there,
Munt works as an intermediary, we send the funds to your account when the transaction is confirmed. You can check if the transaction is confirmed with our REST API and PHP library.
We currently support Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash and Ripple.
Right now we only refund payments that failed for example if the customer pays too much or too little. We do plan to add the functionality to refund payments manually.
Lastly there are no KYC/AML requirements to withdraw in cryptocurrencies.
Re:Show HN: Munt – The simplest way to accept cryptocurrencies
by evbots on Thursday April 12, 2018 @01:12PM
(#16822946)
Looks great! Might want to double check US regs. As I understand it, businesses that accept crypto from person A and transmit it to person B are considered "money transmitters" in the United States https://www.fincen.gov/resources/statutes-regulations/guidan...
Re:Show HN: Munt – The simplest way to accept cryptocurrencies
by xur17 on Thursday April 12, 2018 @01:28PM
(#16823083)
This is something that wasn't 100% clear to me either. People pay money to your wallet address. You verify the amount, etc, and then forward the payment to my wallet. If the person pays in Ethereum, I receive Ethereum (not USD or something), correct?
Re:Show HN: Munt – The simplest way to accept cryptocurrencies
by tom_mellior on Thursday April 12, 2018 @11:09AM
(#16821712)
Also, what's the email address used for? Is it compulsory?