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Whmcs invoice template for Finance

[Music] in this tutorial i will show you how to accept bitcoin and other cryptocurrencies as payment using whmcs currencies are digital forms of currency that utilize blockchain technology there are thousands of cryptocurrencies with differing technologies the most popular being bitcoin and ethereum for the sake of this video i will focus on bitcoin but it can refer to any cryptocurrency as a whole there are some unique advantages to accepting bitcoin alongside your existing payment methods thanks to the blockchain technology payments made with bitcoin cannot be disputed or reversed this is a huge advantage as an online service provider it is a distinct advantage for those businesses providing services with a higher risk of fraud such as vpns bitcoin and the payment gateway we will be using have very low fees compared to conventional payment methods such as paypal you can expect fees in a bitcoin transaction to be around 70 cheaper than the payment made with paypal bitcoin appeals to technology-focused people who may be a unique audience for your business by accepting bitcoin you can list your website on directories such as crypto work this is free marketing for your business in order to accept bitcoin payments using whmcs we need to use a payment gateway i recommend using coinpayments.net they offer low fees support all of the top currencies are easy to use and offer a clean and reliable integration with whmcs you will find our referral link for coinpayments in the description below we appreciate you using this link for a small kickback the first step is to create a coin payments account click on the sign up button in the top right and complete the form to create your account log in to your coinpayments account and click on the account settings under the account menu make a note of your merchant id on this page click on the merchant settings tab on the same page for the ipn secret field type a random and unique string it should consist of uppercase lowercase letters and numbers make a note of your string visit the coin settings page here you can enable the crypto currencies you wish to support allowing your clients to pay in any invoice using that currency you can have the payment sent to your account balance allowing you to move funds at any time or you can add your cryptocurrency addresses to have funds instantly sent to your external wallet there is also support for providing discounts based on the cryptocurrency used along with currency conversion options head back to the coin payments home page click on the merchant tools link and in the find out more link under the shopping cart plugins scroll down to whmcs and click on the download button the zip contains the whmcs gateway module that has been developed by coinpayments the module handles the integration between whmcs and your coin payments account and the functionality required to accept bitcoin payments extract the zip to your desktop login to your hosting account using an ftp client and open your root whmcs directory for your local files open the upload directory within the module zip upload the modules directory to whmcs this will add their gateway within the gateway directory log in to your whmcs admin area and open the system settings next click on the payment gateways button and then the all payment gateways tab click on the coinpayments.net button to activate the gateway for the gateway settings enable the show on order form box and set your display name i recommend including bitcoin and ethereum within the name as the majority of people are aware of these currencies that's the merchant id and ipn secret from earlier and click on the save changes button your whmcs website can now accept cryptocurrencies as a form of payment to check that the integration is working i will use an example client account that i have set up in whmcs let's go ahead and log into this account to see how the cryptocurrency payments function from the client's perspective in case you're wondering the template i have installed is stella one of our premium templates for whmcs i will test one of the unpaid invoices but it will work in the same way for new orders made using the checkout from the invoice we can select the cryptocurrency option using the drop down this will take the client to coinpayments where they can select which cryptocurrency they would like to pay with as mentioned earlier you have full control over which currencies you choose to accept and how the payments are handled via the coin settings page once selected your client will see the wallet address and qr code to send a payment to once the payment has been sent coin payments will automatically mark invoices paid once a transaction has been confirmed by the network a few things to keep in mind coinpayments.net acts like an exchange storing your bitcoin on your behalf you can take full control of your bitcoin by moving it off the website to your own wallet this can also be automated to ensure that bitcoin is never left on your account bitcoin and other cryptocurrencies are very volatile they see big drops and gains within a short period if you cannot afford to risk your received payments fluctuating in price it is recommended to sell your crypto as soon as you receive it you can also use an exchange such as coinbase to convert your bitcoin to your local currency this video is brought to you by zomex at ceramics we have been providing premium whmcs themes and configuration services since 2009. you can view our full range of themes and services in the description below save 10 on your next order using the coupon code youtube thank you for watching be sure to subscribe and hit that bell icon to ensure that you are notified of new videos if you found this tutorial helpful consider making a small donation to the channel via the description of this video donations are much appreciated and will allow us to increase the quality and frequency of videos