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Exchange notifies processor of payments #1

Merged
merged 4 commits into from
Jan 3, 2018
Merged

Exchange notifies processor of payments #1

merged 4 commits into from
Jan 3, 2018

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natefriedman
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The current proposal has the processor independently determine when payment is made. This adds significant complexity to each processor and creates the possibility that the processor thinks a payment was made when the exchange does not (or vice versa).

Having the exchange notify the processor of payments via a webhook solves this. This is easier for the exchange to implement since they are already crypto experts, lowers the barrier for processor adoption (since they don't now need to be crypto experts), and ensures that invoices are marked as paid only when they really are.

The current proposal has the processor independently determine when payment is made.   This adds significant complexity to each processor and creates the possibility that the processor thinks a payment was made when the exchange does not (or vice versa).

Having the exchange notify the processor of payments via a webhook solves this.   This is easier for the exchange to implement since they are already crypto experts, lowers the barrier for processor adoption (since they don't now need to be crypto experts), and ensures that invoices are marked as paid only when they really are.
@natefriedman natefriedman merged commit 9a9c662 into master Jan 3, 2018
@natefriedman natefriedman deleted the webhook branch January 3, 2018 19:23
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