readme for merchant script
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merchant.py is a daemon that manages payments for a web server. It
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creates Bitcoin addresses using a master public key (so you do not
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leave your private keys on the server), detects when payments are
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received and notifies your web application.
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The workflow goes like this:
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- the server sends a request to the daemon via POST. the request
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contains an ID, an amount to be paid, an expiration period.
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- the daemon answers with a Bitcoin address, where the customer needs
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to send the coins.
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- later, the daemon will send a POST to the webserver, to notify that
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payment has been received OR that the request has expired
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Since addresses are generated using an Electrum master public key, it
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is possible to visualize payments in the Electrum client; you will,
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however, need to manually adjust your "gap limit".
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In order to use this script, first edit and rename
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merchant.conf.template to merchant.conf
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