OpenNode is open to all businesses, merchants, and non-profit organizations. If you’ve ever considered accepting bitcoin for your online or physical store, then our service is for you.
We’re only providing businesses with the ability to accept bitcoin because no other cryptocurrency is as secure and liquid as the longest working blockchain. Bitcoin’s network is a decentralized cryptographic blockchain that’s never been hacked or compromised since its inception. Our priority is to protect our users in this crypto bubble as best we can by limiting exposure to the broader token market.
Often referred to as the off-chain scaling approach, Lightning Network is a system of smart contracts built on top of the bitcoin blockchain that allows for instantaneous and almost feeless bitcoin transactions.
Lightning can support over 1 million transactions per second in comparison to 7 transactions per second with bitcoin. There are almost zero processing fees with lightning since all users compete to route payments.
The lightning network provides all the security and immutability of the blockchain. This means you will never encounter fraud, chargebacks, or deal with funds being held up for reasons out of your control. Transactions confirm instantaneously with almost non-existent fees.
Credit card and payment processors such as Visa and Square take anywhere from 2-5% per transaction. Credit transactions are processed instantly because you are on credit with a centralized system, but they actually take much longer to clear and verify.
Nodes are what allow the lightning network to function, and in order to participate you must run or be connected to a node. Nodes are connected to each other through payment channels using smart contracts and are secured by the bitcoin blockchain. These channels allow payments to pass from point A to B.
We provide node infrastructure and custom payment gateways for your business. We will handle everything from setup to maintenance, management and support. We help businesses take a step forward in joining the digital payments revolution.
We handle nodes with 100% transparency and responsibility. We allow users to configure automatic withdrawal limits they’re comfortable with so only a minimum amount of trust is required with us.
Whenever the withdrawal threshold you set is reached, our system will automatically send an on-chain or lightning transaction to the bitcoin wallet you provide.
You are not able to receive payments if your node is offline. Having a cloud infrastructure with 99.9% node uptime is crucial for your business and is a part of the service we provide. With OpenNode, you can be sure your store is always open.
Yes and we take security very seriously. All servers, protocols, and nodes are regularly monitored and updated. All lightning network transactions are enforced by smart contract programming and the security of the bitcoin blockchain.
You will be able to set a personal bitcoin address (on-chain or lightning) for payment withdrawals. Our automatic withdrawal options allow you to specify the settlement or withdrawal interval that suits your needs best. You may also initiate a manual withdrawal at any time.
Currently, withdrawals will be settled in bitcoin. Fiat settlement and conversion will be available pending an exchange partnership.
Our model is aimed at allowing all businesses, small or large, to experience lightning with zero to very low cost.
One pricing model for all:
First $1500 in revenue each month is free, 1% per transaction on anything after
Withdrawal to lightning node - 0%, no fees
Withdrawal to on-chain wallet - 1% + network fees
Withdrawal to fiat* - 1% + exchange rate conversion fees
Our plugin for any wooCommerce platform is already available. Blink and you’re ready to go!
At the moment, Shopify is not supported, but we are working to provide integration as soon as possible along with support for other top eCommerce platforms.
For our enterprise clients, we can create custom hard-coded plugins for your current website. If you need custom integration, please contact us.