Interledger deposit via Coil – GateHub

Users can receive funds from streaming to a GateHub hosted wallet by using Coil.

How does it work?

Registered Coil users are able to receive micropayments from every visit of a Coil subscriber to their website or Youtube channel with the help of web monetization. Adding an Interledger Payment Pointer to your Coil account will allow you to receive funds to your GateHub wallet.

What do I need to do, to start receiving funds via ILP?

The ILP deposit method is only available to accounts verified on GateHub Gateway.

Connect and verify your account on GateHub Gateway.
Verification process for an individual account
Company verification process

Deposit/receive funds via ILP is only available in GateHub hosted wallets (for more information about wallet types click here).

If you do not have a hosted wallet in your GateHub account please refer to the article: Create and delete a wallet.

How to set up streaming to your wallet?

1. GateHub Wallet:

Log in to your GateHub account,
Go to "WALLET" (on the left menu),
Select a hosted wallet from the dropdown menu or create a new hosted wallet by clicking “+”.

In a hosted wallet click "Deposit / Receive" button located on the bottom of the screen.
In the window "Deposit Funds" Select "ILP",

Copy the Interledger Payment Pointer (for quick copy use the copy icon ‌ ).

Every Interledger Payment Pointer address consists of symbol $, ilp.gatehub.net/ and "hosted wallet address" (example: $ilp.gatehub.net/135255997).

2. Coil account:

Go to https://coil.com/,
Create or log in to your Coil account,
Click on the profile icon on the upper right corner and select "Start Creating",

Enter your username then click "Continue",
On the "Select your payout option" screen select "Setup" under GateHub,

Click on Payment Pointer field,
Paste the Interledger Payment Pointer copied from GateHub page and click "Finish".

When the Payment Pointer was entered a Meta tag was created.

Meta tag has the following format: <meta name="monetization" content="GateHub Interledger Payment Pointer"> (example: <meta name="monetization" content="$ilp.gatehub.net/135255997">).

The Meta tag should be added to the header of all the pages of the website you wish to monetize through Coil (you do not need to add this tag to your articles on coil.com, they are automatically monetized).
To access the Meta tag go to "Settings" by clicking on the profile icon in the upper right corner,

In settings select the tab: "Creator Settings",

You will find the Meta tag under the "MONETIZE EXTERNAL WEBSITE" section.

If you have already set up your "Creator account" and wish to change your payment pointer you can follow the steps below.

Changing your default payout option won't transfer your balance. You will have multiple different balances, but only the default will receive payments on Coil.com.

To change your payout option:

Login to your coil.com account,
Click on the profile icon in the upper right menu and select "Settings",
Select the "Payout" tab,
Click "Change payment pointer",

Check "I understand I will have multiple different balances, but only the default will receive payments on Coil.com" and click "Change payout method",
On the "Select your payout option" screen select "Setup" under GateHub,
Click on Payment Pointer field and paste the Interledger Payment Pointer copied from GateHub page,

Check "I understand that my current payout provider balance will not transfer to my new payout provider",
Click "Finish".

3. GateHub Wallet:

The incoming stream appears in your hosted wallet when the first Coil subscriber visits your monetized website.

The content provider with GateHubs ILP address added on Coil only receives funds at GateHub when a Coil subscriber visits his website which has meta tag (meta name="monetization" content="GateHub Interledger Payment Pointer") added in the head of the website.