Payment gateway which accepts Bitcoin as a payment also known as a Bitcoin payment gateway. These payment gateways accept different cryptocurrencies including Ethereum, Altcoins, Litecoin, Ripple, Bitcoin Cash, etc. Thanks to blockchain and other technologies, merchants have started accepting debit card, credit card, e-wallet and crypto payments to provide more payment options for their customers.
Since blockchain technology is based on maintaining a distributed, decentralized ledger, it is considered highly secure. Since the number of users of virtual currencies is increasing day by day, many countries are in the process of drafting a regulatory framework for the use of cryptocurrencies. The benefits of using Bitcoin as a payment option are innumerable. The payer typically pays transaction fees at the time of the transaction and in the currency being transacted. The exception is with “second layer” coins that are built on top of another blockchain’s infrastructure, typically Ethereum at the moment.
BitHide сrypto payment gateway
However, that’ll cost you a 3.5% transaction charge, while for payments through Bitcoin or altcoins on a website, GoURL will charge you a 1.5% fee. For these reasons, it’s important to know the advantages and disadvantages of payment gateways so that you can decide how you want to accept digital currency payments. There are unique gateways that are designed especially for accepting crypto. It guarantees the high anonymity of all transactions and delivers additional services for all types of businesses. If you have any further questions, don’t hesitate to get in touch with Zodeak experts. They are well-versed in cryptocurrency exchange development and payment gateway integration for any cryptocurrency-based business.
The process is transparent to you because you don’t have to worry about cryptocurrencies; only that your cryptocurrency service provider will place the appropriate funds in your account. These are the best crypto payment providers in the market today. Now let’s see how to integrate your preferred payment gateway into your business website. KYT compliance technology makes sure your business ticks all the boxes when it comes to anti-money laundering requirements. Comprehensive data-centric information relating to transactions helps crypto businesses adhere to both local and global regulations. Fiat settlements straight to your bank account via Swift and SEPA payment methods.
Are you sure that your crypto payments are anonymous?
For many people entering the crypto market, Coinbase serves as an on-ramp and off-ramp where crypto can be bought or sold in your local fiat currency. As you might expect, Coinbase also offers a cryptocurrency gateway that merchants can use for sales. However, you need to have a Shopify account to access the Shopify gateway. Depending on the payment processor you use, the transaction charge of this platform will differ. This platform supports more than 70 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. CoinGate stores most cryptocurrencies in secure Cold Storage and charges a 1% transaction fee on all transactions.
It doesn’t really cost anything to accept more coins, so you may as well give your customers options. In case you’re not sure where to spend the cryptocurrencies, you may want to know about some big names that accept cryptocurrency. The platform also lets you convert the cryptocurrencies to USD, EUR, GBP, or CAD as your choice. The standard flat charge of SpicePay is 1% of the transaction, though new merchants enjoy free transactions for a limited period. You can either pay the 0.99% charge on every completed transaction or let your customer pay. Its auto-withdrawal feature transfers the cryptocurrency to your own wallet without any extra fees.
Accept Crypto on Your Website
An extensive range of currencies are available to users for payment. Integration of a KYT cryptocurrency compliance service helps to prevent money laundering cryptocurrency payment gateway and other activities
of an illicit nature. Blockchain transactions are irreversible with no chargebacks and
no recurring fees nor hidden charges.
- This makes it much easier for a merchant to offer crypto payment options and encourages the broader adoption of digital currencies.
- Mini programs allow you to set up shop directly in the Binance App, allowing you to reach millions of users worldwide and gain exposure to the most passionate crypto community in the world.
- These payment gateways accept different cryptocurrencies including Ethereum, Altcoins, Litecoin, Ripple, Bitcoin Cash, etc.
- If people have money, they’re going to spend them, which means businesses are happy to offer such an opportunity for cryptocurrency holders.
- Attract new clients by offering them a way to top up their accounts with many different cryptocurrencies.
- Payments conducted via their network are perpetually recorded on the blockchain, ensuring absolute transparency and providing verifiable certificates at any given moment.
We may choose to designate for inclusion under Bitpace Earn from time to time certain cryptocurrencies, which are subject to change and/or limitation at our sole discretion ( “Eligible Cryptocurrency” ). Cryptocurrency has revolutionized the whole field, it offers us new possibilities, secure and decentralized transactions. Easy & dynamic invoices can be generated for
requesting payments, even for the payments
processed by Coinremitter’s blockchain API.
Which cryptocurrencies can I accept through payment integration?
It’s perfectly acceptable to use your personal wallet to accept cryptocurrency payments; however, gateways take the extra work of exchanging cryptocurrency and managing a wallet out of your hands. If you need to accept digital payments, there is no option to succeed without a payment gateway, a third-party payment processor accepting payments from customers to your financial account. Integrating a crypto payment gateway into your business requires technical expertise. However, the majority of cryptocurrency payment solution providers offer guidance and assistance to businesses during the integration process. GoCoin is a cryptocurrency payment gateway that allows businesses to accept payments in Bitcoin, Litecoin, and Ethereum.
Get access to millions of potential customers worldwide and instantly accept crypto payments when you sign up as a Merchant on Binance Pay. CoinsPaid is a large ecosystem that consists out of multiple financial solutions for businesses and individuals. Their products include a crypto payment gateway, personal and business cryptocurrency wallets with a built-in exchange, an OTC desk, SaaS crypto payment gateway. In addition to their existing services and solutions, CoinsPaid is planning to release a CPD token and DeFi solutions for their clients.
Merchants Solution
As mentioned above the customers send the needed quantity of cryptocurrency to the payment gateway’s address. The payment gateway will convert the cryptocurrency received and deposit it into the merchant’s preferred currency once the blockchain approves the transaction. With increasing bookings now made online, it makes financial sense to accept crypto payments. This simple system practically ensures that every merchant can offer crypto payment options to its customers, without ever having to deal with actual digital currencies.
When the transaction is confirmed on the blockchain, the payment gateway will receive a notification about the status of the transactions. Following that, the payment gateway will notify the merchant that the payment has been received. In this blog post, we will define what a crypto payment gateway is, discuss its importance, explore how it works, examine its benefits, and what are the best crypto payment gateway providers in 2023.
Boosting Crypto Market Predictions with Quantum AI
We’ve completed more than 200 projects, and 99% of our customers left positive feedback about our work, so be sure we can keep up with our promises. Its e-commerce plugins and API interface makes it one of the most trusted global network wallets. Setup will take only a couple of minutes and you won’t have to provide any documents and spend time on paperwork. Our company follows all today’s standards and security rules, as well as respects clients’ privacy and privacy in business. Let us know how well the content on this page solved your problem today.