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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.

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Which payment ID to receive XMR on an address generated with moneroaddress.org?

I created an address with a local copy of MoneroAddress.org (based on a custom entropy string, which I stored securely) and I want to send some XMR there. The sending client asks for the address and …
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