CoinSimple Integrates Multiple Bitcoin Payment Processors For Easy Invoicing And Payments

While both Serge and myself were attending Inside Bitcoins London, we had a great time talking with the several exhibitors present at this event. As these exhibitors all bring useful and interesting services to the table, the time has come to take an in-depth look at these companies. Up first, we will look at CoinSimple.

For those of you who have never heard of CoinSimple before, we will give you a quick introduction, taken directly from their business card :

“CoinSimple makes it extremely simple for professionals and online merchants to get the most competitive services from Bitcoin payment processors and review comprehensive sales data. “

By integrating multiple BItcoin payment processors and wallet services, CoinSimple users will be able to provide the best Bitcoin price to their customers. Payment processors can be switched automatically, or you can even set up a specific payment processor per invoice. There are plenty of tools at your disposal, so make sure to check them all out!

So which Bitcoin wallets and payment processors are integrated by CoinSimple? BitPay, GoCoin, Coinbase, Electrum wallet and Armory wallet are all supported at this point in time. I have signed up for a CoinSimple account and taken a screenshot of their dashboard, so you can see how simple it is to use :

Adding a regular Bitcoin wallet address is pretty simple, just click on “Connect” below Bitcoin Wallet and enter your BTC address. You will receive a confirmation email, asking you t o confirm the request of having this address added. Once confirmed, you can start receiving Bitcoin payments to this address. Pretty intuitive process so far if you ask me.

Once your invoice has been paid, and depending on which payment processor you are linked up with, you will have all of the payment processor functionalities at your disposal as well. Converting Bitcoin to fiat currency and having it sent to your bank account works flawlessly.

Creating an invoice through CoinSimple is easy as well. There are several fields you have to fill in, such as the Recipient, which Currency to use (only USD and BTC supported at the moment), et cetera.  I created a dummy invoice for a $1 donations, just to show you how the process works :

It is worth noting invoices can only be sent out via e-mail in order to be paid. You can opt to manually mark a created invoice as Paid however, or even delete the invoice if necessary. I might make use of this invoice system more and more to bill our advertisers!

While all of the above is great, as a user you want to be sure your (company) account on CoinSimple is secure. This is why CoinSimple offers their users the ability to add an additional layer of security by using Google Authenticator for two-factor authentication.

Two weeks ago, an official press release was sent out announcing Andreas M. Antonopoulos joined CoinSimple. Mr. Antonopoulos’ role is Advisor to the Board, which can only mean great things are ahead for CoinSimple. You can read the full press release here.

When we talked to the CEO of CoinSimple, Mr. Nikos Bentenitis, who is a very charismatic personality by the way, he told us the platform is constantly under development. Some other payment processors were mentioned during our talk, but we will get in touch with Mr. Bentenitis to get confirmation on those before publication.

CoinSimple is currently in open beta, which will run for an undisclosed period of time. E-Commerce store plugins will be released in the near future, so we will keep an eye out for any further information in that regard.

Website : www.coinsimple.com