How CoinPayment method works?

1) CryptoCurrency transaction is not possible from test accounts.

2) CoinPayment or CryptoCurrency Transaction need a minimum of 2 confirmations.

3) At first, CoinPayment Transaction will be pending.

4) After a real transaction is performed, CoinPayments API checks whether the status is 100; if so, the transaction status becomes ‘Succes’.

5) A CoinPayment Transaction expires after a particular time (mentioned while creating transaction).

6) If funds are not confirmed, the payment/transaction status becomes “Cancelled / Timed Out”.

 

PLEASE ALSO SEE – Coinpayments CronJob Setup

References:

1) https://www.coinpayments.net/apidoc-get-tx-info

2) https://www.coinpayments.net/merchant-tools-ipn#statuses

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