Best Cryptocurrency Payment Gateways & Processors 2022

Use a direct payment method like Shopify Payments for the best flash sale performance. DePay accepts Ethereum, Binance Smart Chain, or Polygon tokens that have liquidity on decentralized exchanges. DePay is a peer-to-peer payment gateway that uses smart contracts for on-the-fly conversion. In this guide we have provided generic crypto payment implementation tips.

However, they remove much of the anxiety, confusion, disinformation, and speculation that can come from a decentralized and unregulated source of value. By nature, cryptocurrency is designed to be decentralized and anonymous. The system makes it easy for two parties to make an exchange. However, some merchants might not be comfortable accepting payment in digital currency; they might not understand how any of it works or be skeptical about the system. Start accepting Bitcoin, Ether, NANO and other cryptocurrency payments on your website or store. Transak is a developer integration that lets individual users buy cryptocurrency in their app or website.

If you use a third-party omni-channel gateway solution, this third party controls most of the processes. Besides, the third party might not support some of your target MCC codes. So, you won’t be able to underwrite the respective merchants and, consequently, lose part of your revenues.

Business Technology

GoCrypto is the easiest way to accept cryptocurrencies at local or online store with unmatched low transaction fees. An instant crypto payment platform helping one to grow their business, simplify payments and hold the value of their money. OpenNode is known for its accessibility for eCommerce merchants to process cryptocurrency payments quickly. This powerful bitcoin payment gateway offers magnanimous tools and features highly suitable for businesses of all shapes and sizes. Coinbase is one of the largest cryptocurrency exchanges that also offers crypto payment gateway services through Coinbase Commerce.

Retailers have the ability to accept — and withdraw — funds in dozens of currencies, and they can easily accept payments in crypto and withdraw funds in fiat. The company says it charges businesses no recurring fees, and its processing fee is just 0.5%. For larger companies, B2BinPAY also provides cryptocurrency wallets with advanced real-time reports and a secure API. Developcoins crypto payment gateway is a fully automated solution to collect and exchange cryptocurrencies into fiat money. Our experience in cryptocurrency development and wallet setup, assures in delivering the best solution at an affordable cost.

How To Accept Crypto Payments With Binance Pay

The concept’s founder, Satoshi Nakamoto, defined crypto as “an electronic payment system based on cryptographic proof instead of trust.” Cryptographic proof is based on blockchain principle. A blockchain is an encrypted thread or log, into which all transactions completed by all users are recorded. This mechanism ensures strong cryptographic protection of cryptocurrency assets.

With ForumPay’s instant settlement technology, money moves across the globe using the speed and transparency of crypto while being shielded from price volatility. 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. If you’re looking for a gateway that’ll reduce the transaction costs of your business, NOWPayments is your go-to option. Especially if you’re ready for settlement in the same cryptocurrency, it’ll let you do that with one of the lowest charges. However, you need to have a Shopify account to access the Shopify 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. Use a cryptocurrency payment gateway that integrates with your website or POS hardware. Coinbase is the biggest centralized cryptocurrency exchange currently available to the US market. 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.

• (0.5 percent per transaction and 0.5 percent per automatic exchange if necessary).
• OpenNode ensures that your funds are received at lightning speed which builds up your eCommerce business’s cash flow.
• Cryptocurrency is a new concept, and it is hard to understand in a world where exchangeable value has always been placed on tangible assets.
• As specialists in our field, we always offer our clients a safe, secure and reliable environment.
• We will also attempt to identify the characteristics that distinguish a crypto payment platform as a contender for the title of top crypto payment processor.
• Then we will show the benefits of omni-channel crypto-friendly payment solutions.

Bitcoin and Ethereum, in particular, have become somewhat infamous for high transaction fees. At the time of posting this, these average around $3.33 and $5.04, respectively. Earlier this year, however, the averages rose as high as $62 and $71, respectively. CryptoCurrency Payment Gateways are still payment gateways, after all, so you may as well choose one that offers you perks.

After background verification, you have to integrate the chosen crypto gateway platform with youre-commerce website. For this purpose, you can follow one of the two paths.You can integrate with the platform using some ready-made plugin. As you are not relying on any third-party processors, you don’t have to pay them anything. Several new currencies, pegged to conventional currency rates, have emerged in recent years.

Merchantssolution

Bitcoin initially aimed to come up with this, before finalizing upon other plans. Bitcoin cash helps in sending money anywhere against a minimal processing fee. By January 2021, BCH already boasted of a market cap of USD 8.9b with a per-token value of USD 513. Introduced in 2009, bitcoin is the topmost cryptocurrency in the world based on market worth and capitalization. Its creation, distribution, trading, and storage are achieved using a decentralized ledger system. Being the first-ever cryptocurrency to hit the market, Bitcoin is also the most preferred cryptocurrency in the world, with a value of approximately USD for a coin.

For payout, you may choose from Bitcoin, Bitcoin Cash, USD Coin, Gemini Dollars, Paxos, along with fiat currencies such as USD, EUR, and GBP—plus many more. B2BinPay allows any business to securely and cost-effectively Send, Receive, Store, Convert and Accept CryptoCurrency Payments Online. Receive, store and send virtual currencies such as Bitcoin, Ethereum, Ripple, Monero, etc. Shop your favorite merchants online and in-person – around the world. Pay with crypto and buy gift cards straight from your wallet.

Redirect your customers to a Binance hosted checkout page which dynamically adapts to your customer’s device to increase conversion. Other benefits including protecting their business from chargeback fraud. Are you still struggling to convert visitors into paying customers on your website?

Api Plugins

In a retail situation such payments might not work so well, because if the blockchain is overloaded, confirmation takes longer. Coinbase “issues” USDC, so the cheapest way to convert USDC into fiat is to use this brokerage. Similarly, Binance “issues” BUSD, so their brokerage service offers the cheapest conversion of this currency to fiat. The platform has to provide merchants with simple user experience. Particularly, from the standpoint of underwriting, subsequent payment reconciliation, and generating of merchant statements.

However, accepting payments via cryptocurrency lessens the chances of experiencing painful chargebacks. Accepting payments via crypto can help reduce transactional charges to as 0% to 1%. It is an entirely different case if you were to accept payments via traditional means such as debit and credit payments where the transaction fee is up to 3%. Explore new markets by offering customers with crypto payment options. Receiving crypto payments or converting them to fiat currency takes just seconds.

However, if you want more specific advice, feel free to consult our payment experts. UniPay Gateway has now become a crypto-friendly omni-channel payment management platform. So, we will be happy to share our experience and help you with your use case. Experience shows that crypto payments are more suitable for certain types of markets. For example, if you have an account with Coinbase exchange and get a deposit in USDC, then crypto-to-fiat conversion is free. At the same time, if you get a deposit in a different currency , then crypto-to-fiat conversion might additionally cost you up to 0.5% of transaction amount.

Which ever method data field amount in BTC or amountUSD need to be sent, both cannot be used. And optional data fields userID, orderID (if you want to reference the data to any model in app e.g Product model) and redirect . Nikita is a Partnership Manager at Mobecls and a newsmaker/streamer at home.

Shopify Gateway

Alfa Coins’ biggest draw is its flexibility, reflected in the number of interesting options the service offers to the merchants that use it. For example, the service charges 0.99% on transactions and the merchant can choose to pay it or include it in the invoice to be paid by the consumer. Another useful feature https://xcritical.com/ is the fixed exchange rate window, which lasts for 15 minutes after invoice has been created and is meant to protect the merchant against crypto price volatility. BitPay is one of the oldest gateways for crypto payment that helps merchants reach an international audience while protecting them from any fraud.

Cryptocurrency Payment Gateway is a dynamic payment processing infrastructure that allows merchants and providers to accept payments across different cryptocurrencies while ensuring security. Using this service, users can transfer money directly from one wallet to another. In addition to their main functions, these payment gateways are responsible for securely distributing the payment's sensitive wallet-related data to the merchant's software.

Among the service’s advantages are fast crypto-to-fiat conversion, which mitigates the price volatility problem, and compatibility with most ecommerce CMS platforms. BitPay is one of the simple and easy cryptocurrency payment gateways that instantly lets you infiltrate crypto into your eCommerce business. By gaining the trust of thousands of businesses globally, BitPay allows you to accept crypto payments on your eCommerce site, in-person, or by sending invoices via email. Businesses across the globe have now started to accept Cryptocurrencies as a mode of payment as it is safe, secure and inexpensive.

Another reason to accept crypto payments is that it can be a lot more secured than safe. As such, you need to take proactive steps to guard against it. Cryptocurrency payment gateway doesn’t need any intermediate banks. With increasing bookings now made online, it makes financial sense to accept crypto payments. Here are five payment gateways for multi-location retailers interested in accepting cryptocurrency as a mode of payment. Even if you don't have a website, you can receive cryptocurrencies using its Monetiser Online service.

Multiple Payment Options

Crypto payments are still largely the domain of smaller payment gateways operating in what has effectively been a small niche up until now. BitPay uses a straightforward QR code invoicing system for retail payments. BitPay attempts to shield businesses from volatility by locking in the exchange rate at the time of sale. BitPay will then bundle your sales together each business day and deposit your balance in either fiat or one of several cryptocurrencies to your bank account or crypto wallet, respectively. With this system, it’s possible to take a crypto payment but never actually have the crypto pass through your hands unless you want to be paid out in cryptocurrency.

Laravel Crypto Payment Gateway

Coinbase Commerce allows merchants to accept multiple cryptocurrency payments from global customers. There are several advantages of accepting cryptocurrency payments. These include faster payments, lower transaction costs, no risk of chargebacks, a broader spectrum of customers, and more. Learn all the reasons why getting paid in crypto is worth considering. AnyPay is a leading Asian FinTech company with offices in Tokyo and Singapore. The key USP of GoUrl is that it is easy to use, eCommerce vendors can receive bitcoins straight to their wallets, and the happy news is that you need not create a bank account.

Top 5 Crypto Payment Gateways

You can only underwrite merchants, whose MCC are supported by the crypto-currency payment gateway provider. This can be done with the help of crypto payment gateways like Binance Pay. This makes Coinbase one of the safest crypto payment gateways for Shopify.