Some crypto gateways come with hidden costs and high fees; neither of these are necessities, as there are gateways that only incur minimal costs overall. While adopting a cryptocurrency payment gateway for your site is a good idea, there are lots of different providers to investigate. To make sure you integrate the best crypto payment gateway on your site, you’ll want to look for a few major factors. Let’s break down cryptocurrency payment gateways and explore what you need to look for in a great payment gateway for your online store. Prodoge is a unified global crypto payment gateway allowing merchants to receive payments from 200+ countries.
The standard flat charge of SpicePay is 1% of the transaction, though new merchants enjoy free transactions for a limited period. This payment gateway supports payouts, retail payments, and billing. 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. Shopify gateway is an e-commerce payment gateway and is one of the most trusted ones in the crypto market today. Their cryptoprocessing solution is widely used and works with 5% of all Bitcoin transactions.
Witness the most affordable crypto transactions
& withdrawals with Coinremitter. Doing so is quick and easy; you can visit the CoinPayments site and sign up for a new account in just a couple of minutes. All you need to do is provide a few pieces of personal information to verify your identity, and you’ll get started.
There’s also not a whole lot of regulation protecting you if something goes wrong. This makes it doubly important to do your due diligence when selecting a crypto payment gateway. These individuals see cryptocurrency not just as an asset but also as an investment in infrastructure that takes banks and credit card networks out of the equation. Coinbase is the biggest centralized cryptocurrency exchange currently available to the US market.
The disadvantage of this system is that the blockchain network blocks most of the TOR IP addresses. We were the first to solve this problem, by adding the 2nd stage of encryption – VPN. In 2014, a group of CryptoLux scientists from the University of Luxembourg published a study. It describes a real way, with a 100% certainty to determine the identity of any cryptocurrency user.
- Everything now is regulated by contracts and legal agreements.
- Easy & dynamic invoices can be generated for
requesting payments, even for the payments
processed by Coinremitter’s blockchain API. - The standard flat charge of SpicePay is 1% of the transaction, though new merchants enjoy free transactions for a limited period.
- Thanks to the JatApp team, who prepared a list of the best cryptocurrency payment gateways, you got to know how to integrate crypto payments in your company’s core products and services.
- After gaining substantial experience in technology, finance, and business processes in his previous job in an IT consulting company, he adopted writing as a full-time profession 3 years ago.
While using a cryptocurrency payment gateway isn’t an absolute necessity, it does help by providing fast service and complete transparency. Check out the attributes of top cryptocurrency payment gateways to know which one suits you the most. With cryptocurrency payments, the buyer is responsible for network fees, which vary by network and network congestion, so you won’t need to pay any fees to accept a wallet-to-wallet transaction. If you use a crypto currency gateway, which is recommended if you’re going to accept more than just an occasional crypto payment, you can expect around a 1% fee per transaction. Cryptocurrencies, except for stablecoins, tend to be far more volatile than fiat currency. The price you’re quoting one minute could be out of date a minute later.
Payment gateways are companies taking on the perceived risk of cryptocurrency payments by using their wallet(s) to facilitate transactions between merchants and their customers. A recent survey from Visa reveals that nearly 24% of small and medium businesses are ready to accept crypto payments. Times have changed, and cryptocurrency payments are steadily building their credibility as businesses discover their many benefits.
To streamline processes or create the right customer experience, sometimes it’s important to embed payment gateways directly into an online form, such as an event signup. You can accept crypto payments in any amount from any customers, without having to disclose your identity and payment details. More than ever before, customers and merchants are using cryptocurrencies like Bitcoin, Ethereum, and other altcoins in staggering amounts. Cryptocurrencies are decentralized and reliable, allowing instantaneous international transactions without as many security risks as traditional credit or debit card transactions.
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. To accept payment in cryptocurrency, choose a crypto gateway and connect it to your website or application. Upon integration, you can start receiving crypto for your services. Merchants can ask for instant support for solving crypto payments-related queries such as plugins, blockchain API integration etc.
NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. Our solution is custody-free, low-fee, and easy to implement anywhere. The goal behind the development was to create a payment gateway with the widest assortment of cryptocurrency coins, easy-to-implement API, and ready-to-go solutions. Many of the big players in crypto payments are focused on a relatively small number of cryptocurrencies or even just Bitcoin exclusively. While it’s not unusual to see support for Litecoin, Ethereum, or even Dogecoin, you may have a harder time finding gateways that process Cardano, Solana, or Polkadot.
Several cryptocurrency gateways are available, and the best one for a particular business will depend on its specific needs and requirements. If you are looking for a highly secure payment gateway, try BitHide, it’s one of the best anonymous payment gateways on the market. Let’s investigate why businesses need a crypto payment gateway to accept coins using BitHide’s flow as an example. Integrating cryptocurrency payments can provide heightened security and privacy in contrast to conventional payment methods. Nonetheless, it is crucial to select a trustworthy payment processor and establish suitable security measures to safeguard against fraud and hacking incidents. The level of complexity involved in integrating crypto payments in app will hinge on your technical proficiency and the chosen payment gateway or processor.
Many online businesses are now adopting cryptocurrency payment gateways like CoinPayments so they can accept crypto from their customers and benefit from a wider customer base than before. Crypto payment gateways are third-party payment processors that deal with digital currencies like Bitcoin and Ether. These types of service providers perform an important function in today’s crypto and blockchain landscape – they help speed up the adoption of cryptocurrencies by merchants.
In the latter case, your data is stored on your private servers, so only you are its owner. Again, this means only you decide whether it must comply with KYC/AML. We can assemble a team of professionals who will deliver a product that fully meets your business requirements. 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.
