In this article we highlight 5 crypto payment gateways for subscribers and other customers.
Bitcoin and other cryptocurrencies may be accepted as payment methods by small companies thanks to cryptocurrency payment gateways. Through these payment gateways, well-known companies in the retail industry including Microsoft, AT&T, Overstock, and Amazon have begun to accept cryptocurrencies as a form of payment. The greatest bitcoin payment gateways are simple to integrate with your current website or online business, provide currency conversion, various settlement choices, and reasonable transaction costs. These are a few gateways.
1. BITPAY: One of the first cryptocurrency platforms to provide merchant payment gateway services as well as bitcoin trading is BitPay. BitPay’s user-friendly interface and adjustable security and payment options are what make it popular with users. That being said, its volatility shield feature is what makes it unique. To ensure that consumers receive the precise amount they requested placed into their account, BitPay locks in the currency rate in effect at the time of the transaction.
Because of this, BitPay is the best option for businesses who just wish to take payments for their products and services and do not want to deal with potentially costly currency fluctuations. With BitPay, you can make invoices that you can embed on your website, build hosted checkouts, and set up buttons for donations and payments. For subscribers, you may even set up regular billing.
2. COINBASE: Depending on the size of your business, Coinbase gives you a variety of alternatives for accepting payments via your website. Invoices, basic hosted checkouts, and Coinbase payment buttons are all available to small businesses. Moreover, it offers APIs for more specialized payment processing. Coinbase may be linked with WooCommerce and Shopify for online retailers.
A part of Coinbase’s merchant services called Coinbase Commerce enables small companies to take cryptocurrencies as an alternate form of payment. Coinbase offers a wide range of cryptocurrency alternatives and is the biggest centralized cryptocurrency exchange market in the United States. This implies that a wider variety of cryptocurrencies can be accepted as payment by clients for small businesses. Because of its sizable exchange market, Coinbase can guarantee merchant money provided they allow Coinbase to handle account management.
3. PAYPAL: Users of PayPal’s cryptocurrency wallet may trade and make purchases with the balance of their coin. Businesses can offer checkout with cryptocurrency as an extra PayPal payment option, whether or not they have a cryptocurrency account with PayPal. Accepting payments in cryptocurrency is free of charge, and PayPal doesn’t charge extra to convert bitcoin to fiat money. Additionally, businesses who accept this kind of transaction receive 24/7 fraud protection as well as purchase protection for eligible products.
Customers that have enough bitcoin in their PayPal wallet will see Crypto immediately. Their cryptocurrency holdings will be converted, at no additional cost, into fiat money during payment, equal to the outstanding transaction amount.
4. SHOPIFY: Although Shopify is not a cryptocurrency platform like PayPal, the majority of online retailers see it as the industry standard for creating e-commerce websites. In addition to best-in-class omni channel functionality, it includes an integrated website builder and e-commerce automation tools. A number of third-party payment channels, including some of the most well-known cryptocurrency systems, may be integrated by Shopify.
It is the greatest choice for firms that already have a Shopify merchant account because it waives its commission costs if you sign up for a Shopify Payments plan.You may take bitcoin payments on Shopify just as you can with any other payment method. If you provide cryptocurrency as a payment method, your consumers may select it with ease throughout the checkout process since they will be able to identify cryptocurrency payment gateways that accept their preferred cryptocurrency. This will lead them to the website of the cryptocurrency platform where they may finish the payment and come back to your shop.
5. CRYPTO.COM: The digital wallet offered by Crypto.com, Pay, enables businesses to take bitcoin payments both online and offline. Although there aren’t many options for fiat and cryptocurrencies, Crypto.com has created a reliable payment processing platform that works with e-commerce platforms and enables subscriptions, recurring payments, invoicing, and e-commerce platform integrations. This makes the system highly beneficial for service providers and online enterprises.
Nevertheless, if your consumer pays with a different cryptocurrency wallet, Crypto.com Pay does not enable a lock-in conversion rate function, so businesses may wind up underpaid or overpaid. It is also forbidden for merchants with headquarters in New York to use this platform.
