How to Integrate Crypto Payments: Top 6 Gateways That You Should Consider

Moreover, only one intermediary, i.e., the crypto payment processor, is involved in the process, improving the overall customer experience. By employing CoinGate, merchants can manage their earnings and track orders. Using a crypto payment gateway API, vendors can integrate the tool into their websites and applications. Serving over 100,000 vendors across the world, this crypto payment processing solution has a conversion tool that lets sellers convert their digital assets within their electronic wallets. Unlike many other gateways, CoinPayments offers a relatively low transaction commission of 0.5%. At CoinGate, we offer you five different methods to integrate Bitcoin and over 70 other cryptocurrency payments into your business operations.

• However, settlement in other currencies using NOWPayments will incur additional fees.
• While AlfaCoins has a slightly lower transaction fee of 0.99%, it doesn‘t offer the $1 million worth of free transactions that Coinbase does.
• Though it does not support direct bank transfers, it takes only 30 seconds to complete payment.
• Although they charge a flat 1% fee on all transactions, it has had overwhelmingly positive reviews for its support team.
• Coinbase Commerce is the world’s leading bitcoin payment gateway and rates among the best crypto payment gateways.

It’s important to note that digital currency payment gateways are not required. 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’re thinking about accepting crypto payments in exchange for goods or services, congratulations; you’re an early adopter https://www.xcritical.com/crypto-payment-solution/ in what could turn out to be a major revolution in payments technology. While they’re still a bit rough around the edges, crypto payments can be a cheap way to process non-cash payments at a time when the costs of credit card transactions are ballooning. Just make sure you select a provider with a solid reputation and low costs that offer you the amount of exposure to crypto that you want.

The Best Credit Card Payment Processing Companies For Small Business

Both you and your customers will be more likely to make crypto payments if they’re part of a generally friendly user experience. Being able to seamlessly go from your shopping cart to a crypto payment window without fumbling through hacky interfaces is key. PayPal offers crypto merchant payments through its Checkout with Crypto feature, which is provided through PayPal’s partner Paxos Trust Company, LLC. PayPal doesn’t charge a fee when you use the Checkout with Crypto feature, though it does charge a spread for buying and selling cryptocurrency through its Cryptocurrency hub.

The Platform currently gains popularity by accepting Bitcoin, Ethereum, and over 100 other cryptos. It provides merchants additional cryptocurrency payment tools, such as API, invoices, donation widgets, buttons, and CMS plugins. Crypto.com cryptocurrency payment processors allow merchants to access the global crypto economy. The payment gateway allows merchants to send invoices quickly and manage crypto payments using a powerful dashboard. Yes, most crypto payment gateways support conversion into your preferred fiat currency and even deposit your funds into your local bank account via ACH or wire transfer.

Finding the Best Crypto Payment Gateways for Online Business

It offers direct merchant, sub-merchant, and channel partner business solutions. NOWPayments is a well-known player in the crypto payments industry, offering low-cost and easy-to-implement noncustodial gateway solutions. Its API and selection of pre-built plugins enable businesses to accept over 100 cryptocurrencies seamlessly. Established in 2019, NOWPayments also provides fiat conversion, a PoS solution, and bulk payment capabilities. The gateway is compatible with popular eCommerce CMS systems like WooCommerce and OpenCart.

Utilizing Blockonomics, companies can convert BTC to any fiat currency, this way shielding themselves from price fluctuations. The crypto payment platform supports a variety of Bitcoin wallets, for instance, Trezor, Exodus, Ledger, and MyCelium. By now, we have established that a payment processor plays a crucial role in mitigating the challenges of cryptocurrency payments adoption. It provides a stable conversion rate at the time of sale, protects against crypto volatility, and ensures regulatory compliance. Moreover, these gateways offer simple integration methods with a variety of popular eCommerce platforms. Through the use of official plugin integrations, the entire process of accepting cryptocurrency is significantly simplified, mitigating potential technological challenges.

Blockchain as a Solution for Security and Fraud Prevention

The platform currently supports Bitcoin and other major cryptocurrencies and has a low transaction fee of 1%, with the first 20 being free of charge. A Bitcoin gateway allows merchants to accept payments in Bitcoin from their customers. Euro payments are slower than some of the quicker exchanges and take up to 24 hours https://www.xcritical.com/ to complete. SpicePay charges a flat rate of 1% on all transactions, though new merchants get free transactions for a limited amount of time. SpicePay‘s unique selling feature is that it enables merchants to withdraw their bitcoin payments via PayPal and even debit cards along with the standard bank transfer.

Cryptocurrency is a global payment exchange that is not limited to any region. Payment can be made from anywhere, any time irrespective of timezones, and can also be received anywhere and anytime. Have you always wanted to accept payments using crypto on your Shopify store?

The customer and merchant receive payment confirmation. The merchant can fulfill the customer’s order.

The DePay WooCommerce payment plugin allows you can receive payments directly to your wallet from the web store without any gateway or middleman. It also supports crypto payments on mobile devices and via WalletConnect QR codes. Even if you don’t have a website, you can receive cryptocurrencies using its Monetiser Online service. However, it will cost you a 3.5% transaction fee, while for payments via Bitcoin or altcoins on a website, GoURL will charge you a 1.5% commission. While AlfaCoins has a slightly lower transaction fee of 0.99%, it doesn‘t offer the $1 million worth of free transactions that Coinbase does.

At the end of July 2021, Ethereum (ETH), which is another worldwide leading cryptocurrency, was processed more than 1.1 million times per day. This is particularly appealing to younger, tech-savvy customers who prefer businesses that keep up with the times. An excellent example of this is McDonalds, which accepts Bitcoin and Tether payments in the city of Lugano in Switzerland.