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What is Crypto Payment Gateway?
2 min read
A cryptocurrency payment gateway is a payment processor for digital currencies that allows businesses to accept cryptocurrency payments from customers in exchange for goods and services. Such company facilitates the immediate and secure transfer of bitcoin, ethereum, stablecoin, and other cryptos into fiat currency taking care of legislative risks.
What good is it for your business?
Businesses are considering connecting cryptocurrency payment gateways for a variety of reasons. Mostly, this meets the growing needs of customers, since, for some of them, crypto has become an integral part of financial life. Let's take a look at some of the most significant benefits of using a crypto payment gateway:
- Security & transparency. At the core lies the most efficient and advanced technology — blockchain. Clients can also track the correctness of the operations performed on the network at any time.
- Speed & availability. Crypto transactions are sent and received in a fraction of a second instead of waiting for traditional systems to process for several business days. Payments can be accepted from anywhere in the world, with different cryptocurrencies to choose from.
- Low fees. There is no additional fees for transferring money between countries. However, when using a payment gateway, customers pay a small fee to keep the system up and running.
Related article: 2022 is a Great Time to Accept Cryptocurrency on Your Website
Your first transaction via a crypto payment gateway
The very first step is to pick a reliable and secure service. With dozens of processors to choose from, Finscanner is pleased to present the following ones as excellent examples:
Bitpay — is a popular payment gateway enabling businesses to accept cryptocurrencies. Based in North America, Europe, and South America, Bitpay offers various tools such as hosted checkout, payment buttons, invoicing, and protection from crypto price fluctuations. Settlements are supported in Bitcoin, Bitcoin Cash, Dogecoin, Ether, Gemini US Dollar, Circle USD Coin, Paxos Standard USD, Binance USD, Dai, Wrapped Bitcoin, and Ripple in 240 countries.
Coinspaid — is a large cryptocurrency payment gateway processing platform. The company operates under Dream Finance OU, registered and licensed in Estonia. CoinsPaid provides customers with a range of services, including crypto payment processing, a personal wallet, and a B2B exchange service that offers a fixed rate hedging service. 30+ cryptos and 20+ fiat currencies are supported.
Coinpayments — i s a long-running service for cryptocurrency payments available on all major e-commerce platforms. Headquartered in Canada, CoinPayments offers various tools such as custom API integration options, invoice builder, shopping cart plugins, and more. It accepts over 50 different types of cryptocurrency in 120 different countries.
Looking for more crypto and financial services? Finscanner marketplace is the right place for you to get started! We provide a comprehensive overview of global banks, electronic money institutions, payment service providers, crypto platforms, and more.
Apply to any desired financial product just in a few easy clicks!
Have some questions left? Feel free to contact us directly.
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