BTCPay Server Update Streamlines Refund Process; Adds Notification for Payment Status

The open-source bitcoin payment server BTCPay Server introduced a new system update called Update 1.0.5 on Friday. The updated aim is to ease the interaction between the server and the merchant. This update would make it easier for the merchants to manage their crypto transactions on their website.

The latest update brings a set of new features, including notifications, pull payment, and refunds, along with a few upgrades to the wallet. The BTCPay Server was launched back in 2017 and helped merchants in processing their bitcoin transactions. It also kept all the invoices organized for the owner. The server also has a native wallet that can be used to store bitcoins.

The most talked-about feature of the update is the refund, which streamlines the otherwise quite cluttered process of re-issuing of coins. The update feature would allow merchants to decide a certain amount of bitcoin that can be pulled from the escrow. Before the update, merchants had to manually authorize the payment, where the sender and receiver had no common platform to connect onto, which made the process complex and challenging.

With the new update, merchants won’t have to send and receive numerous messages as the process is automated, where the refund is generated via invoices without the need for any formal communication between the two parties.

The other notable feature is notifications, which comes with an API integration option and allows merchants to monitor their payment status, whether it is confirmed or not. It would also include the status of partial payment and many other similar payments related notifications. All of these will be managed through a dedicated notification page.

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James W
James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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