Key Takeaways
- SHKeeper is an open-source, self-hosted crypto payments processor that lets businesses and individuals accept cryptocurrencies directly without relying on third-party services.
- SHKeeper offers a decentralized approach to crypto payments, providing users greater control, cost-efficiency, and privacy.
- Their Application Programming Interface (API) can be integrated into websites or used as a standalone wallet, offering flexibility and control over payment processing.
Accepting crypto can be a great way to give your business a competitive edge while saving on ridiculous amounts of fees. But how do you get started? Do you have to set up separate wallets for each crypto you want to accept? Can you swap between coins or turn them back into your local fiat currency?
Notably, the easiest way to accept cryptocurrencies in your shop or site is to use a crypto payments processor that securely takes care of all those details for you. Let’s review one such processor called SHKeeper.
What Is SHKeeper?
SHKeeper is a self-hosted, open-source crypto payments processor that uniquely combines a gateway and a merchant platform, developed by VSYS Host. It also allows you to accept payments in various cryptocurrencies without fees or intermediaries.
Currently, SHKeeper offers a direct way for businesses to receive Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Monero (XMR), XRP (XRP), TRON (TRX), Binance Coin (BNB), Polygon (MATIC), Avalanche (AVAX), USDT (ERC20, TRC20, BEP-20, Polygon, Avalanche), and USDC (ERC20, TRC20, BEP-20, Polygon, Avalanche). New coins and tokens will also be added in the future, with Solana (SOL) and Toncoin (TON) being part of the roadmap.
How Does SHKeeper Work?
SHKeeper is a self-hosted payments processor that can be installed onto your servers and operates independently as a software solution. They have an Application Programming Interface (API) that will allow you to (1) get details about supported cryptocurrencies, (2) access information about your crypto wallets and balances, (3) generate unique payment addresses or QR codes for different cryptocurrencies, and (4) verify if a payment has been confirmed.
Moreover, SHKeeper can be integrated with other existing systems, popular Content Management System (CMS), plugins, or your code or product. It is also worth noting that SHKeeper’s GitHub already provides ready-made modules for popular systems like WooCommerce, WHMCS, PrestaShop, OpenCart, and Magento.
SHKeeper automatically creates and tracks separate crypto addresses for every invoice. To manage customer interactions and generate these invoices, you must have your own system, such as a CRM, back-office software, or an online store.
After your system creates an invoice and the customer selects a cryptocurrency, it requests payment details from the gateway. SHKeeper then generates a unique crypto address and specifies the exact payment amount. It continuously tracks this address and, upon receiving the funds, automatically informs your system or store of the completed transaction.
Do note that SHKeeper is an exclusively self-hosted software solution, meaning that a third party does not process payments or charge transaction fees. Therefore, standard blockchain network fees always apply for pay-ins or payouts.
On the other hand, for non-native tokens like USDT or USDC, maintain a balance of native tokens like ETH or TRX to cover related network fees for payouts. The gateway will easily manage these fees, but maintaining a positive balance of native tokens is mandatory.
How To Implement SHKeeper?
To implement SHKeeper, first, you must select the cryptocurrencies you wish to accept and choose a suitable server based on your selections. You can host full nodes independently or utilize free public nodes provided by SHKeeper to optimize server requirements.
Following that, set up the server according to the instructions provided or seek assistance from the SHKeeper team. Once configured, establish passwords and fine-tune SHKeeper settings. Finally, integrate SHKeeper into your platform using the provided API or pre-built modules for popular platforms like WooCommerce and WordPress.
As mentioned earlier, it is important to have your own systems in place, such as a CRM or online store, to manage customer interactions and generate invoices.
Server Requirements
The exact requirements for running SHKeeper actually depend on the cryptocurrencies you plan to accept as payment.
For the general requirements, SHKeeper typically requires a Virtual Private Server (VPS) or dedicated server with specific hardware specifications depending on the cryptocurrencies you plan to process.
You have the option to host full nodes on your own server, or you can utilize the full nodes provided by the SHKeeper team (or public nodes) completely free of charge. This allows you to reduce the required server specifications.
However, a minimum server or VPS to host SHKeeper will still be required:
CPU: 4 cores
RAM: 4GB
DISK: 20GB SSD
SHKeeper Features
SHKeeper has a lot of features to offer when it comes to facilitating crypto transactions:
- Non-Custodial – Business owners have complete control over the private keys. Therefore, the assets are only accessible to their owners and not to any third parties.
- Multi-Currency – SHKeeper offers a direct way to receive over 12+ cryptocurrencies with new coins to add to their upcoming roadmap.
- No Third Parties – Significantly increases privacy and security for users and their clients.
- Direct Crypto Payments – This feature is a core advantage of using SHKeeper, as it offers greater financial independence and cost savings.
- No Third-Party Transaction Fees – SHKeeper is designed to eliminate third-party transaction involvement. This means you will not incur any fees associated with intermediaries.
- The Ability To Set Your Own Rates And Fees – SHKeeper is not limited by any official exchange rates, fees, or charges. Users can, at their discretion, charge their customers fees or commissions and configure them. The amount is set either in $ or %.
- Overpayment Balance Credit – If the buyer pays more than the invoiced amount, SHKeeper credits the overpayment to the balance and notifies the user.
- Partial Payments – Customers can pay in installments, which is more convenient for them and potentially increases sales.
- Auto Payments To Cold Wallet – It is possible to set up auto payments to a cold wallet regularly according to a scheduler or accumulated amount. This is also an important security measure to protect crypto assets from online threats.
- KYC-Free – SHKeeper does not require its users to undergo verification procedures.
- Easily Embeddable Payment Buttons – SHKeeper also features a simple and user-friendly user interface throughout the processor. Payment buttons are easy to embed for all types of resources. If not, the SHKeeper team is always ready to assist!
Plans And Pricing
We mentioned that SHKeeper is free to use as an open-source cryptocurrency payment processor and that there are no licensing fees, subscription charges, or hidden costs.
However, if you prefer hassle-free setup and management, SHKeeper currently offers paid hosting and support services plans primarily focused on integration, setup, and technical assistance.
At the time of this writing, their Advanced plan is priced at $2,000 per year, while the Custom plan is available upon request and not publicly available on SHKeeper’s website. You can contact them directly for detailed pricing information and discuss your circumstances with them.
Final Thoughts
Fully integrating SHKeeper into your business provides a customized experience designed to optimize your financial operations and gain a competitive edge! As a business owner, you obviously want your customers to have a good checkout experience. Therefore, it is very important to make sure the crypto payment processor looks and feels on brand and functions smoothly, and SHKeeper is very capable of doing that for you!
For further information about SHKeeper and to stay updated on their announcements, please visit their website and follow their official social media channels provided below:
👉 Website: https://shkeeper.io/
👉 YouTube: https://www.youtube.com/@shkeeper6207
👉 Twitter/X: https://x.com/shkeeper_io
👉 LinkedIn: https://www.linkedin.com/company/shkeeper/
👉 Facebook: https://www.facebook.com/shkeeper.io
👉 Reddit: https://www.reddit.com/user/shkeeper_io/
👉 Medium: https://medium.com/@shkeeper.io
👉 GitHub: https://github.com/vsys-host/shkeeper.io
