Top 10 Payment Gateways For Cryptocurrency In 2021

SpicePay is one of the ideal crypto payment gateways that enable merchants to withdraw their cryptocurrency payments via PayPal and even debit cards along with the standard bank transfer. Here you can exchange your cryptocurrencies to USD, EUR, or GAD depending on your preference. Though new merchants get free transactions for a limited amount of time, SpicePay charges a flat rate of 1% of transaction fees.

Anyone can setup crypto payment gateway hassle free without documents. As we touched on above, there are advantages to using a cryptocurrency gateway if you plan to take more than just the occasional cryptocurrency payment. These are services designed to work crypto payments into the normal flow of your business with minimal disruption. If you want the full functionality of a POS system or eCommerce checkout, however, you’ll want to consider a cryptocurrencypayment gateway. Cryptocurrency is a largely unregulated land of high contrasts, with amazing opportunities and shocking pitfalls. If you’re thinking about how to accept crypto payments as a business, you’ll want to weigh the pros and cons. Enable your merchants and service providers to accept instant cryptocurrency payments effortlessly.

Understanding Cryptocurrency Payments

These wallets can either be single or multi-currency wallets. Shopify is one of the world’s most trusted and best gateways used for the transaction of cryptocurrencies.

Our seamless crypto payment processing helps reduce churn and ensure all payments are processed seamlessly. Note that not every crypto payment gateway on this list features direct fiat settlement options. For example, Coinbase.Commerce strictly supports crypto transactions. Therefore, merchants that opt for this option must Currencies forex transfer their coins to an external exchange that allows crypto-to-fiat trades. Also, just 3 platforms, Hashbon, Coingate, and Alfacoin, provide demo versions to new users. This indicates that they acknowledge that merchants have varying needs. Therefore, it is best to offer a safe environment to test features and plugins.

Merchant Tools

A crypto payment gateway is a platform for online transactions that helps companies accept payments in cryptocurrencies. Undeniably, AlfaCoin is one of crypto payment solutions the trusted payment gateways for cryptocurrency. It is supported by popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more.

The customer would then use that code to send you the currency in question. This can be done without any formal integration and a relatively small amount of code. Overall, the crypto payment gateway’s job is to handle the essential information from merchants and users who are willing to perform crypto exchanges on the platform. With so many people using cryptocurrencies like Bitcoin, businesses should consider accepting crypto payments from customers. Currently, bank commissions for asynchronous deposits are not competitive at all when it comes to cryptocurrency payments. For example, bank commission for transactions in online gambling varies between 2-4 per cent and per cent, while crypto processing payments can charge less than 1 per cent.

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Payment conversion to any fiat currencies such as USD or CAD. Manage your BTCPay Server (e.g. stores, invoices, users), automate your workflows and control access with our API. BitBayPay meets a number of strict requirements in regard to financial, operational and legal safety, as well as it respects regulations on AML and KYC policies. All transactions are carried out using an encrypted HTTPS connection using only TLS secure protocols and encryption algorithms. Easily send invoices and manage payments using our powerful dashboard. It allows businesses to Send, Receive, Store, Exchange and Accept CryptoCurrency Payments online, safely, securely and cost-effectively across the world in a matter of minutes. Responses are not provided or commissioned by the vendor or bank advertiser.

Start accepting Bitcoin today with B2BinPay, an award-winning global cryptocurrency payment provider. B2BinPay is an industry-leading Foreign exchange market solution for merchants and enterprises and winner of Finance Magnates Best Crypto Solution for Payments Award 2020.

Is Bitcoin Safe? Let Us Know In Detail!

Launched in 2011, Bitpay is a US-based crypto payment gateway that is considered one of the best and simple payment gateway processors in the market. It is an open-source crypto wallet that allows you to do crypto transactions globally with premium security. It accepts multiple cryptocurrencies and also allows you to convert your BTC into USD by supporting immediate withdrawals. NOWPayments is a non-custodial crypto payment gateway that lets you accept payments in 75+ cryptocurrencies with auto coin conversion available. Regardless of what crypto customers pay with, merchants can choose to accept the coins they prefer – NOWPayments convert them automatically. NOWPayments provides merchants with a variety of tools such as API, invoices, widgets, buttons, as well as plugins for WooCommerce, ZenCart, PrestaShop, Opencart, WHMCS, Magento 2, and others. It is non-custodial which means that all your payments will be instantly transferred to your own wallet that only you can have access to.

In decentralized mechanisms like crypto transactions, a user doesn’t need to do these registrations and can simply join networks without revealing their identity. This ensures that a vendor’s and customer’s privacy is maintained. These are the fees charged by the chains trading strategy themselves whenever coins are sent from one address to another. In most cases, this fee is paid by the person sending the payment, so by default, your customer would be paying this fee. You would, of course, also pay these fees when you send money to another address.

Get To Know Bitcoin & Other Common Cryptocurrencies

Each cryptocurrency gateway has a dedicated support channel that should be contacted for issues with registration or payments. That happened largely due to the rise in bitcoin’s popularity as means of payment among B2B clients of the payment gateway.

We integrated easily with OpenNode’s API to accept bitcoin transactions both on- and off-chain with minimal fuss. Integrate instant, low-cost global payments into any business or application with just 10 lines of code. Automatically convert bitcoin to local currencies at the time of payment.

Here, I evaluated the pricing policy of each platform, their localization projects, and their usability. Subsequently, I used the data collected to come up with a ranked list of the top 10 crypto payment gateways. The list features crypto gateways that have impressed over the years by adapting to the ever-changing demands of the e-commerce industry. You may have noticed that many of the payment gateways on our list integrate with Shopify, including Coinbase Commerce. Note that if you accept cryptocurrency payments via Shopify, you’ll still be charged a Shopify transaction fee unless you also activate Shopify Payments. Crypto payment gateways ensure quick and secure processing of transactions.

Major Cryptocurrencies like Bitcoin, USDT, Litecoin, Bitcoin cash, Ethereum, Ripple, Dash are accepted here. Bitpay, for example, integrates with the Poynt open commerce platform, Smart Terminal. That said, in most countries, you can trade cryptocurrency as though you were trading property. In fact, a recent survey conducted by PYMNTS and BitPay found that 60% of Americans who have held crypto are interested in using cryptocurrency to make consumer purchases.

Empower your business with the right tools to accept online payments and provide the best customer experience. Triple A is headquartered in Singapore and in the process of becoming the first bitcoin payment gateway licensed by the Monetary Authority of Singapore . His current focus is on cryptocurrency, blockchain technology, and artificial intelligence. On top of that, he is also devoted to Social Media Strategizing and has significant experience in SEO. He has a Master’s Degree in Finance and is pursuing content writing and tech industry research on a full-time basis. Furthermore, Coingate offers a variety of unique plugins that help businesses to customize the application as they desire.

• While crypto gateways generally offer merchants low fees, NOWPayments are some of the lowest available, provided you don’t mind settlement in the same currency you were paid in.
• Responses are not provided or commissioned by the vendor or bank advertiser.
• Supports multiple cryptocurrencies such as Bitcoin, Bitcoin Cash, Ripple, and more.
• It lets all users benefit by having a 50% discount on some parameters such as hosting fees, transaction fees, and rebates on online withdrawal fees.
• On top of that, he is also devoted to Social Media Strategizing and has significant experience in SEO.
• Coingate charges a 1% fee on all transactions, which usually take about 1 hour.

Posted by: Scott Cohn