Payment Gateway

February 27, 2020

cryptocurrency payment gateway

Despite having lower fees, BitcoinPay still offers super-fast withdrawals where funds are received and available in seconds. It supports payments to bitcoin wallets and other e-wallets along with to bank accounts, and so is a good option for those merchants who are serious about cryptocurrencies.

Accept Crypto At Your Store Get $€¥£.

Coinbase can be used as a payment gateway as well as a normal exchange. It facilitates instant currency conversion from Bitcoin into fiat currency without the need for the merchant to have to request a withdrawal.

This process only involves interactions between the merchant, customer, and the open market, so there is no need to rely on a third party to process the transaction. The merchant can decide at what interval to convert the stablecoins into fiat and can do so through a service that deposits fiat directly into their bank account. This means the merchant has at all times had control of their funds until they are settled into fiat.

CoinPayments is another popular cryptocurrency gateway completely dedicated to online merchants. It facilitates payments using a number of coins including Bitcoin, Ripple, Bitcoin Cash, and Litecoin. The merchants charged 0.50% as a transaction fee by cryptocurrency payment gateway CoinPayments. The best thing about the user-friendly application is that it supports near around 40 cryptocurrencies. With the single application, merchants can single-handedly at a point of time make payments using different currencies and methods.

CoinPayments has been around 2013 and is the most popular cryptocurrency payment gateways out there. With Coinpayments, you can accept more than 1480+ cryptocurrencies including Bitcoin, Monero, Ethereum and many others. CoinPayments also comes with preinstalled shopping cart plugins that facilitate the online shopping business using cryptocurrency. It also secures the payments with a robust wallet and gives better results in transactions in every way. It gives many options to traders and lets them include digital assets in other domains as well.

You can make daily transactions worth $1,000 and annual transactions worth $10,000, beyond which it levies 1% transaction fees. The app supports numerous currencies; from the Chinese Yuan, Euro, Pound Sterling, U.S. dollar, and direct bank deposits. By design, Satoshi Nakamoto created Bitcoin in order to solve issues associated with traditional banking and payment services. Problems such as long processing time and high international wire transfer costs. Drawing from this idea and applying it on a wide scale, BitBay Pay payment gateway offers lightning-fast, seamless transactions regardless of time and place.

Cryptocurrency Payment Processing For Merchants

Often referred to as a complicated process, it requires the essential records and personal details of the merchants. Cryptocurrency is a digital form of currency, a medium of the electronic exchange, which uses cryptography to carry safe transactions. First introduced in 2009, the technology cryptocurrency payment gateway runs on blockchain technology that acts as an auditing and clearing tool. In short, this prevents double spending and removes the need for centralized payment processors to verify funds and record transactions. Some platforms focus solely on payments within a specific cryptocurrency.

cryptocurrency payment gateway

  • For better customer experience, direct integration on the website with no redirection to third parties was required.
  • Middleman fees had to be reduced to provide customers with better prices.
  • Our seamless crypto payment processing helps reduce churn and ensure all payments are processed seamlessly.
  • / Accepting fast, safe and convenient credit and debit cards for cryptocurrency payments helps platforms gain new customers and boost transaction revenue.
  • Reach more users, identify payment options that drive conversions.

It is easy to Set Up , Quick activation of account with minimal information , Powerful security with features such 2fA,code card,e-mail login code . BitPay provides bitcoin and bitcoin cash payment processing services for merchants.It provides a unique feature called “BitPay Card”, using which, you can turn your bitcoin into dollars.

Our payment gateways are infused with liquidity from the trusted exchange or third party liquidity providers while ensuring maximum security, safety and reliability. Our in-house development team will ensure that your hot and cold wallets can be integrated into the payment gateway. By using a Blockchain ecosystem as a foundation, payments are highly encrypted and therefore much more secure than traditional online payment gateways. Also, it facilitates global transactions in multiple cryptocurrencies between suppliers, distributors, businesses, and consumers, at a fraction of the cost.

News.Bitcoin.com first reported on Gocrypto in June 2018, when the business helped create a “genuine Bitcoin City” within the confines of Slovenia’s largest shopping center. Set up blockchain-based payments and be among the first in your field to start accepting digital currencies.

Additional Merchant Integration Options

One of the great features that drew crypto users to this platform was the acceptance of fiat for the buying and selling of cryptos. Access your account, accept payments in person, and convert coins anywhere with our mobile apps for Android and iOS. Generally https://xcritical.com/ speaking, SpicePay wouldn‘t be my first choice of payment gateway as it lacks a number of helpful features that others on this list possess. However, if your business relies heavily on PayPal then it is certainly a great platform to consider.

Coingate charges a nominal 1% fee on transactions, which is quite reasonable. For the best bitcoin global exchange experience, Coinbase is the most trusted name. It boasts of being the largest bitcoin exchange in the U.S.A. Coinbase has a massive user base as it offers some fantastic features to its users. One trusted name for instant cryptocurrency conversion into fiat money. It completes the bitcoin exchange requirement for big and small businesses alike and takes only 2-3 days to clear the transactions.

The reason for the risk is almost certainly money laundering, where the money that goes into a casino is not always the same money that comes out – or Bitcoin that goes in, comes out. Our product range will give you the confidence you deserve when accepting fiat payments. Confirmo, formally known as BitcoinPay, is one of the simplest ways to accept payments into your bank account and mobile wallets. Secured transactions allow you to accept payments from anywhere and anytime. Aside from the API, the NOWPayments products include a widget, an assortment of buttons, and a range of plugins, like the one for WooCommerce, WHMCS, and OpenCart.

This makes it an excellent choice for small businesses and startups. The only drawback is that BitPay currently only supports cryptocurrency payment gateway direct bank deposits in 38 countries. If yours is not lucky enough to make it to the list then you won’t be able to use it.

With this plugin you can create your own rules, your own setting, and your own security, you will have a full control of your own gateway setting. You may only can using block.io for your wallet, but it is already good enough to start your store by using it as your cryptocurrency wallet. If you want to keep your cryptocurrency in your own wallet, there is an option for that by using HD-Wallet plugin add on. In other hand, you can setup your own transaction confirmation, time limit, exchange rate provider that CryptoWoo provide, etc. The Invoice feature simplifies the payment process in that it doesn’t require the user to share their wallet address or the exact sum to be paid.

Get Setup In Minutes, View And Manage Payments Plus More All From Our Simple, Easy To Use Dashboard.

The exchange offers this service entirely free on the first $1 million of transactions, after which Coinbase levies cryptocurrency payment gateway a merchant fee of 1% from then on. A bitcoin payment gateway allows merchants to accept transactions in bitcoin.

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