A Bitcoin Payment Forwarding Service for HD Wallets

Accepting bitcoin on webshop/store has become common, thanks to number of direct to wallet payment gateway services like Blockonomics Merchants, BTCPay and Mycelium Gear. In an utopian world everyone would only accept BTC and just use it to spend at other places. However, in practical scenario merchants have a real need to convert it to fiat. This is because they need to pay bills/salaries and HODLING is particularly risky in the current bearish scenario.

We are glad to announce launch of our payment forwarding service. You can try it out using the below link

Blockonomics Payment Forwarding Service

Salient points about the service:

• Forwards payments arriving to an HD wallet to a single bitcoin address
• Batched forwarding to lower network transaction cost
• Compatible with any direct to HD wallet merchant service like BTCPay / Blockonomics Merchants
• Can be used to route incoming payments directly to exchange for conversion to fiat / stablecoin
• Secure and easy to use

The service is pretty easy to use. You specify the destination bitcoin address and batch size

After doing the changes, our team will take sometime to manually approve the changes.

On process complete, you will be shown an xpub as below

You need to use the above xpub to generate payment addresses for your incoming order. This can be done by using this xpub in BTCPay / Blockonomics (Configuration Instructions)

Feel free to try the service using the link below and let us know your feedback/queries:

Blockonomics Payment Forwarding Service