Top Cryptocurrency Payment Gateways in 2023

Cryptocurrency payment processing is an exciting prospect with many potential use cases. Unfortunately, it’s also a bit of a Wild West market with a “move fast, break things” credo. When at checkout, select the cryptocurrency you want to use for payment. Next, open your wallet and scan the QR code or copy and paste the receiving wallet’s address manually.

Unlike banking, crypto is accessible around the world – all you need is internet connectivity. This enables merchants to significantly increase their cross-border potential and reach a wider market. Whereas fiat-only businesses tend to service their local cohort, digital assets know no bounds. This is incredibly important not only for revenue generation, but for advertising opportunities as well. The only way to achieve such global coverage in traditional finance is to offer payments in over 200 local fiat currencies, which is simply unfeasible. According to recent data, around 15,174 businesses worldwide use Bitcoin payment processing, with only 2,300 of those businesses located in the U.S.

For merchants, such delays decrease the efficiency of the business – an issue that can be wholly resolved with the integration of a crypto payment processing gateway. It’s now possible for businesses to attain an improved edge when it comes to cross-border potency, https://xcritical.com/ upgrade the speed and efficiency of their company all while saving on fees. However, there are a number of major players on the market when it comes to crypto payment providers, so it’s important to get a fair assessment of the sector to make an informed choice.

High processing speed (peer-to-peer)

Once you’ve registered and verified your account, you can send invoices via email which are then payable in crypto. This platform supports over 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.

A variety of options are available for both offline and online businesses to start accepting Bitcoin via Coinbase merchant solutions. NOWPayments is gaining global popularity as a solution to accepting Bitcoin, Ethereum, and 100+ cryptos on your website, store, and social media accounts. You can integrate this crypto payment gateway easily using free their plugins. Coingate is the #1 choice for accepting crypto payments online. It is used by many global brands, such as NordVPN, Hostinger, and Alternative Airlines, to name a few. CoinGate merchant integration tools allow the implementation of crypto payments to virtually any online business.

What are Crypto Payment Providers?

However, this service does come with additional fees, such as a 3.5% compensation fee. While it is a great option for users who value anonymity, it does not support bank transfers. For online stores looking for a reliable crypto payment solution, this gateway offers integrated services for Shopify, WooCommerce, Magento, and OpenCart. It supports cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, USD Coin, and DAI. Gemini is an easy, elegant, and secure platform for building your crypto portfolio. It’s now easier than ever to buy, sell, and store your cryptocurrency.

B2BinPay®, a global cryptocurrency payment provider, is available to merchants and enterprise clients. It allows businesses to send, store, exchange, and accept Cryptocurrency payments online. As a payment option, you can offer your customers Bitcoin, Ether and Ripples XRP. Virtual currencies such as Bitcoin and Ethereum can be stored, sent, and received. A trusted, industry-leading provider of cryptocurrency payments solutions that offers scalable, secure and reliable wallets. They enable merchants to accept cryptocurrency payments, thereby increasing sales and attracting new customers. They also offer lower transaction fees and faster settlement times than conventional payment processors.

How ALFAcoins Lets You Accept Crypto Payments

This can help merchants increase their customer base by allowing them to accommodate a greater variety of payment preferences. However, one thing you should know is that B2Binpay charges on-boarding and setup fees, which is not so common in crypto payment processors. However, for certain businesses, these compliance fees could be fruitful. Sila is an end-to-end payment platform that provides Banking-as-a-Service through a developer-friendly payment API that is scalable and allows for fast and secure money transfers.

• These gateways are not a mandatory process, however, they do take away some of the anxiety and confusion that comes along with a decentralized source of value, such as cryptocurrencies.
• 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.
• Flexa’s digital network eliminates chargebacks and unexpected reversals, so you can take payments with confidence.
• You can receive your paychecks up to two days before the due date by opening a Cash App Account.
• It offers multiple integration options to accept payments using API, payment buttons, and shopping cart plugins.

Note that we are not able to provide private consultations, give advice, or answer questions. Help us to improve by providing some feedback on your experience today. Finally, you’ll also want to familiarize yourself with custody issues and be sure you or a trusted party hold the security keys for your crypto. Harsh has experience of 12+ years in Fintech and 7+ years in Blockchain and Bitcoin. He has also moderated the panel of Blockchain experts and attended international blockchain events like BTCMiami, and Token2049.

What Is Shopify & How To Use Shopify In 2023

Once your email address is confirmed, you can start accepting payments. Ecommerce integration options can easily be added to a website with a few clicks. Developer-friendly APIs are also available for a more customized payment processing flow.

Gemini offers all the tools you need to store, buy, and sell your crypto, no matter how experienced you are. Gemini is a New York trust company licensed by the New York Department of Financial Services. Gemini undergoes regular bank checks and is subject to cybersecurity audits. SOC Certifications – Gemini is SOC Type 1 and SOC Type 2 compliant. These exams were completed by Gemini, the first cryptocurrency exchange and custodian in the world. Hardware Security Keys – Secure your account via WebAuthn with a hardware security code.

CoinGate Pricing

Get more from your business account with powerful tools that give you total control over your finances. Spend less time on admin and more time focused on what’s important – your business. Multi-currency accounts allow you to hold, exchange, send and receive funds in 28+ currencies – always at the real exchange rate. Free international and local payments within your plan allowance, and free transfers between Revolut Business accounts.

Have a crypto wallet that supports the currency you want to accept payment in and have your customer make a wallet-to-wallet transaction in the appropriate amount. GBO is a renowned corporate services company that offers a wide range of professional services to businesses of all sizes. With years of experience in the industry, GBO has established itself as a leading player in the corporate services market. Unlike traditional payment methods, which are governed by banks and financial institutions, cryptocurrencies are decentralized and immune to government control or manipulation. These gateways offer instant conversion of fiat currency to cryptocurrency, enabling users to buy cryptocurrency in real-time. SpectroCoin is another Bitcoin payment gateway for merchants based out of Europe.

Cryptoprocessing

There are premade plugins that can be used for services such as Shopify, and the number of countries supported is notably high. Even though the protracted bear cycle has cost the crypto market almost $2 trillion in capitalisation, crypto gateway payments are on the up in terms of consumer interest and processed volumes. This is why most cryptocurrency experts predict that cryptocurrencies will become mainstream in the next few years. Moreover, some even go as far as to predict that fiat currencies will become obsolete in 5 to 10 years. Commerce Coinbase enables you to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments on your WordPress site. You can also choose to hold the cryptocurrency in your Coinbase account or withdraw it to your own wallet.

Crypto payment providers, also known as crypto payment gateways, are services that allow businesses to accept payments in cryptocurrencies such as Bitcoin. These providers offer a variety of features, including transaction processing, merchant accounts, crypto payment system and invoice management. Crypto payment gateways like BitPay, PayPal and Coinbase Commerce handle and facilitate the processing and receipt of cryptocurrency payments for merchants. In return, businesses receive fiat currencies in their bank accounts.

While this sort of works for Bitcoin mining, it’s an absolute nightmare for staking, where coins can be generated hundreds of times a year or more. 2021 has been an incredible year for cryptocurrency, with Bitcoin pushing all-time highs at the time of publishing. Not only that, but El Salvador became the first nation to accept Bitcoin as legal tender. We also assist with crypto company formation, crypto licenses, crypto bank accounts, just contact us below for more info.

Crypto payments can be a cheap way to process non-cash payments at a time when credit card costs are ballooning, but they’re also extremely volatile. Before accepting live Bitcoin payments, it is essential to test the payment gateway to ensure that it is functioning properly. You can accomplish this by sending a small amount of Bitcoin as a test payment. Which crypto gateway would be best for collecting payments from users that use an app. The app is smartphone and tablet based so no website only app.

Users can buy crypto within the app by using a debit or credit card. You should be done and be able to see your Coinbase Commerce dashboard and start accepting bitcoin. Adoric comes with lots of tools and features that make it easy to promote your sales offers and capture your visitors’ email addresses. Strike payment uses its generated API to initiate payment between sellers and buyers.

Our merchants are provided with a full-featured dashboard to manage payments, conversion to fiat, stablecoins, or other digital assets with easy and automated withdrawal options. Our solution is flexible and it could be easily integrated with the existing payments flow, thanks to our powerful and easy-to-use API, widgets, or best e-commerce plugins. CoinGate is a highly popular cryptocurrency payment gateway that offers a customer-oriented checkout environment for seamless cryptocurrency payment. Besides cryptocurrencies, it allows merchants to accept traditional currency payments like USD, Euros, and so on. A payment gateway is a third-party payment processor for digital currencies.