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Results tagged with payment-id
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A Payment ID is an encrypted, arbitrary and optional transaction attachment that consists of 8 bytes. A Payment ID is usually used to identify transactions to merchants and exchanges: Given the intrinsic privacy features built into Monero, where a single public address is often used for incoming transactions, a Payment ID is useful to tie incoming payments with user accounts.
18
votes
What is a payment ID, and why is it used?
This post from a while back on Reddit documents what a payment ID is and how it is used quite nicely. Note that an integrated address includes a payment ID and is a preferable way to send and receive …
- 8,826
1
vote
How can I create (random) payment IDs?
The easiest way to generate a payment ID is with Monero Core, the official Monero GUI. You can download it here for many different systems.
Under "transfer", you can generate a payment ID easily.
- 8,826
2
votes
Why is the payment ID specified on a per TX basis?
From my understanding, the payment ID is not associated with a specific output. It is included in a different portion of the transaction, near the transaction hash and public key.
There is no practic …
- 8,826