Bitcoin is the most popular cryptocurrency in the world, and it has been gaining a lot of traction due to its decentralized nature. If you’re looking to accept payments in bitcoin for your business, here are 7 of the best bitcoin payment gateways available.
The accept crypto payments is a way for businesses to accept cryptocurrency as payment. There are many different options that you can choose from, and each option has its own pros and cons.
For your small company, what is the ideal Bitcoin payment gateway? Or are you trying to figure out how to accept cryptocurrency as payment for your services or products?
We’ve got your back!
First and foremost, congratulate yourself for adopting bitcoin and taking the first step toward cheaper costs, less fraud, and quicker payments.
Accepting cryptocurrency is no longer a far-fetched notion. In reality, accepting cryptocurrency as a payment method may help your company in a variety of ways.
With Bitcoin’s growing popularity, more businesses are getting on board and accepting it as a method of payment for goods and services.
According to an HSB study, one-third of small companies in the United States accept bitcoin as payment. Newer businesses are also twice as likely to deal in digital credits.
Bitcoin, on the other hand, is a very volatile digital asset. It is susceptible to significant price swings throughout the day, which may jeopardize its use as a currency.
Wouldn’t it be wonderful if you could escape crypto price volatility by locking in a fixed exchange rate and getting your local currency (USD, EUR, GBP, and so on) straight into your bank account?
It’s fortunately simple to repair. All you have to do is use the RIGHT tool.
Accepting Bitcoin payments is made easier with a Bitcoin payment processor that allows you to convert to currency using the current bitcoin rate.
You don’t have to be concerned about possible losses due to large price swings. Whether you’re operating a Shopify or Woocommerce-powered online shop or establishing a physical location, taking Bitcoin is simple.
In this post, I’ll show you some of the finest Bitcoin and cryptocurrency payment gateways for accepting crypto payments safely and affordably across the globe.
What is a Bitcoin Payment Gateway, and how does it work? What is the mechanism behind it?
A Bitcoin payment gateway is a merchant service that accepts bitcoin payments for ecommerce sites and conventional brick and mortar businesses. Customers may simply view the pricing of your goods depending on the current Bitcoin rate and make payments by clicking a button or scanning a code with their phone using this payment option.
This is comparable to utilizing traditional payment gateways to take credit card or internet banking payments online.
Customers pay using a cryptocurrency wallet rather than a credit card. Customers pay with cryptocurrencies rather than fiat currencies like the US dollar, euro, or British pound.
Using technologies like CoinPayments, you may build your own crypto payment gateway. It’s as easy as installing a WordPress plugin after you’ve completed the setup procedure, and everything will be completely automated.
To minimize price fluctuation, it will automatically show Bitcoin payment information, record and execute crypto transactions, and convert cryptocurrencies into fiat money.
Why Should You Accept Cryptocurrency in Your Company?
1. Accept crypto payments in a secure manner at any time and from any location.
Do you want to attract a whole new set of consumers from all around the world?
Offer bitcoin payments to your consumers as an additional payment option.
Using a reputable payment gateway can help you increase online sales and improve conversion rates by allowing consumers to pay with their chosen currencies, whenever and wherever they choose.
2. The most affordable costs
Did you know that credit card processing fees may be as high as 5%?
The good news is as follows: By using cryptocurrency as a payment option, you may avoid paying needless costs.
It does not need the use of a bank intermediary, and in most instances, crypto transaction costs are as low as 0.5 percent.
Not only will this save you money on overdraft fees, transfer fees, foreign transaction costs, service fees, and other banking expenses, but it will also help you avoid them if you operate an international company.
Not to mention the fact that having a cryptocurrency account is completely free. There are no costs for establishing an account, maintaining one, or maintaining a minimum balance.
3. There will be no chargebacks
Bitcoin transactions are non-reversible. A Bitcoin transaction cannot be reversed as a result of this. There are no refunds.
4. It’s quick, safe, and secure, and it’s not prone to fraud.
Bitcoin is anonymous in the sense that users are not required to give any personal information such as their name, email, ID, or phone number.
Accepting Bitcoin for online payments adds an additional degree of security for your clients’ personal information.
Your clients just need the address and private key to complete a Bitcoin transaction. You may prevent credit card fraud and identity theft this way.
Furthermore, after a payment is completed, the transaction appears immediately and is verified within an hour. This implies you may get your money very quickly when a client pays you.
5. Increased return on investment
Bitcoin has a total quantity of 21 million coins, which is restricted and finite. Bitcoin’s value will only rise over time as demand for the cryptocurrency grows at a breakneck rate.
Bitcoin, as the “internet’s native money,” may be a good inflation hedge. You may also convert crypto to fiat money at any moment.
Are you prepared to accept cryptocurrency payments in your business?
Let’s get started.
Accepting Bitcoin Payments on Your Website
1. Cryptocurrency payments
CoinPayments, which was founded in 2013, is a market leader in cryptocurrency payments and transactions. With their digital crypto wallet, you may also purchase, store, send, receive, and convert over 2,010 different cryptocurrencies.
Accept 100+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and settle payments in minutes for just 0.5 percent processing charge with CoinPayments!
As a merchant, managing incoming crypto payments has never been simpler thanks to features like
- Auto conversions – convert your receiving coins automatically to eliminate any risk connected with cryptocurrency price fluctuation.
- Pre-built shopping cart plugins and integrations are available for all major webcarts, including Shopify, WooCommerce, Opencart, Magento, and others.
If you have a physical shop or wish to take crypto in person, this simple POS function offers real-time conversion rates for 27 fiat currencies, as well as optional tax and tipping options.
- Settlement in Fiat — You may also settle crypto payments straight to your connected bank accounts in nine different fiat currencies.
- Automatic payment forwarding — Send money to whatever crypto wallet you want, whenever you want.
Furthermore, you may utilize their bitcoin vault to keep your money secure for as long as you wish. However, if you want to HODL your Bitcoin as a long-term investment, you should move your funds to a hardware wallet such as Ledger.
A hardware wallet is by far the safest method to store Bitcoin and other cryptocurrencies. If you don’t already have a bitcoin hardware wallet, this is a good place to start.
If you wish to reduce the impact of volatility, you may accept (and hold) payments in a stable currency of your choosing, such as Bitcoin.
- attach a tether (USDT)
- USD in its true form (TUSD)
- Dollar of Gemini (GUSD)
- US Dollar Coin (USDC)
With CoinPayments, you may accept cryptocurrency payments.
2. Coinbase Commerce is a service provided by Coinbase.
Coinbase, based in the United States and operating since 2012, is probably the largest cryptocurrency exchange in the world.
Coinbase is a digital wallet provider and a safe online platform for managing, buying, trading, storing, and transferring cryptocurrency money.
Are you aware, however, that Coinbase also provides Bitcoin merchant services?
Yes, you may accept Bitcoin and other cryptocurrencies as a legal form of payment via Coinbase Commerce. The site now accepts Bitcoin, Bitcoin Cash, Dai, Ethereum, Litecoin, and USD Coin as payment methods.
Unlike CoinPayments, all Coinbase Commerce payments are completely decentralized and peer-to-peer. As a merchant, this means that all crypto payments will go directly to your wallet, which you will have complete control over and access to.
To put it another way, Coinbase does not have access to your money.
The usage of Coinbase Commerce is totally free. There are no processing costs.
When you wish to withdraw your cryptocurrency, you simply have to pay a network fee to the miners. You’ll have to pay exchange fees to transfer bitcoin to your local bank account.
Depending for your company requirements, the Coinbase Commerce platform provides a few alternative methods for you to accept Bitcoin:
- Use the Simple hosted Checkouts and Buttons for making payments if you just wish to sell a few items.
- Use the fast integrations and shopping cart plugins for your online store if you’re operating an eCommerce site.
- Coinbase has a broad API if you require more sophisticated capabilities, but you may need some technical knowledge.
Coinbase Commerce is a great place to start.
SpectroCoin is the third cryptocurrency.
SpectroCoin, like Coinbase, has a number of tools that enable businesses to accept Bitcoin and other popular cryptocurrencies in a variety of ways.
Create a free SpectroCoin account, choose the most suitable merchant payment processing option, and integrate it into your online store or physical location.
By integrating a Bitcoin payment processor into your online shop, you may rapidly start taking cryptocurrencies if you already have an e-commerce site. Some of the e-commerce plugins that are supported include:
- Zen Cart
- Magento 2 is the second version of Magento.
If you can’t find a suitable shopping cart plugin for your company, you may use the SpectroCoin payment processing API to create a bespoke integration.
Furthermore, SpectroCoin makes it very simple to include a payment button into your website, allowing you to accept Bitcoin contributions from others straight immediately. To begin accepting Bitcoin, NEM, or Dash payments, just paste a payment button snippet into your website’s HTML code—no plugins required!
Every payment you make with Spectro incurs a fee of up to 1%. There are no additional merchant costs. All crypto assets you accept will be instantly converted to your chosen currency if you activate the ‘receive’ feature in your merchant projects.
SpectroCoin may be found at SpectroCoin.com.
CoinGate, which was founded in 2014, is another dependable and trustworthy cryptocurrency payment gateway that allows companies all over the globe to accept Bitcoin, Ripple, Ethereum, and more than 50 other prominent cryptocurrencies.
There are no one-time or ongoing fees. You just have to pay a fixed charge of 1% for merchant payment processing services, which includes
- SEPA transactions are free, and Bitcoin payments are available.
- Dashboard for customer service and reporting
- A wide variety of crypto payment options are available, including a completely configurable API, payment buttons, e-commerce plugins, and point-of-sale terminals.
You may also retain your profits in cryptocurrencies and withdraw them anytime you want in cash, Bitcoin, or other currency.
This is an example of how your website might appear if you integrated CoinGate cryptocurrency payment:
In the United States, CoinGate is not yet accessible.
CoinGate is a great way to make money.
Blockonomics is a worldwide cryptocurrency payment service that allows you to monitor and accept Bitcoin payments in real time all over the globe.
What’s more, Blockonomics is a non-custodial system. This means you have complete control over your Bitcoin. Your income will never be touched by Blockonomics. When you make a sale, you’ll get paid immediately and straight to your Ledger or Trezor wallet.
Furthermore, you do not need to disclose your name or complete a KYC (Know-your-customer) process to begin utilizing Blockonomics. It’s the ideal solution for people who wish to maintain their privacy while taking BTC payments from anywhere in the globe.
Blockonomics offers shopping cart plugins, payment buttons, a configurable API, and payment links to enable businesses accept bitcoin.
Transactions are charged at a flat rate of 1%.
You may also utilize the wallet monitor to keep track of numerous wallets and addresses, as well as get email alerts when a client pays.
Blockonomics accepts BTC payments.
If you reside in the United States and have had no success with CoinGate, BitPay is for you.
BitPay is a Bitcoin payment service provider located in the United States that was established in May 2011.
It allows you to accept Bitcoin payments and withdraw them in local currency via your bank, as well as spend and store Bitcoin using the BitPay crypto card and wallet.
Accepting Bitcoin payments is simple with BitPay. With BitPay, you may receive cryptocurrency from all around the globe in a variety of ways:
- payment buttons
- a checkout service that is hosted
- invoice that may be embedded on your website
- plugins and integrations that are simple to utilize
The following is how it works:
- BitPlay will display your customer’s invoice.
- The invoice is paid using the current bitcoin exchange rate.
- BitPay is a service that converts cryptocurrency payments into your local currency.
- The next working day, you get a bank settlement.
That is all there is to it. BitPay will deduct a 1% charge for every dollar or euro you make.
Begin by using BitPay.
GoURL is a completely free open source project that allows crypto enthusiasts to accept Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Dash, and other cryptocurrencies without the need of a third party.
You may use Monetiser Online to sell your music, writings, pictures, movies, files, or any other artwork online for cryptocurrency even if you don’t have your own website. Simply build your own free GoUrl Payment Urls, post them on social media, forums, and other websites, and begin collecting cryptocurrency payments from your audience.
You may also utilize a ready-to-use WordPress Bitcoin plugin to receive payments directly to your bitcoin or altcoin wallets.
It is entirely free to use. Depending on the features and kinds of cryptocurrency you wish to accept, transaction fees range from 0% to 3.5 percent.
- For all Speedcoin payments, there is a 0% charge forever.
- Acceptance of Bitcoin, BitcoinCash, BitcoinSV, Litecoin, Dash, Dogecoin, Reddcoin, Potcoin, Feathercoin, Vertcoin, Peercoin, and MonetaryUnit is subject to a 1.5 percent charge.
- Access to GoUrl URL Shortener & Monetiser services costs 3.5 percent.
Go to the GoURL website.
Manually accept Bitcoin payments
Yes, you can process Bitcoin payments without utilizing a cryptocurrency payment gateway.
Satoshi Nakamoto developed Bitcoin as a “peer-to-peer electronic currency system,” as we all know.
The goal of Bitcoin is to cut out the middlemen and allow two users to send money directly to each other.
Accepting Bitcoin payments manually without the use of a third-party platform, on the other hand, will need a bit more effort on your side.
For each sale, you’ll need to establish a Bitcoin address, issue invoices, monitor transactions, and convert cryptocurrency to cash. The most obvious advantage is that there are no processing fees to pay. You get 100% of what your clients pay, no less.
However, given the amount of effort required and pricing fluctuation, it is not a feasible solution for high-volume websites.
There you have it: the top 7 Bitcoin payment gateways for accepting cryptocurrency payments with ease.
Don’t restrict your sales to locally accessible payment methods; instead, choose a crypto payment gateway that best suits your company’s requirements, reach a new worldwide audience, and boost earnings in no time.
Each of these platforms has its own set of features, user interfaces, and costs.
So, perhaps, this list will assist you in selecting the finest, low-cost, and secure crypto payment processing alternatives for your company.
That’s all I’ve got for now. Because the cryptocurrency field is constantly changing, I’ll be updating this article with the most up-to-date information on a regular basis, so check back often to learn more.
What are your thoughts?
Would you accept Bitcoin and other cryptocurrencies as payment for your goods and services? Why do you think that is?
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The coinbase commerce is a payment gateway that allows users to accept crypto for their business. Coinbase Commerce allows businesses to accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Frequently Asked Questions
Which payment gateway is best for Cryptocurrency?
The best payment gateway for cryptocurrency is CoinPayments.
How can a business accept crypto payments?
There are many ways to accept crypto payments. One way is to use a cryptocurrency exchange that will allow you to convert your coins into fiat money. Another way is to use a cryptocurrency wallet that will allow you to send and receive coins without the need for an intermediary like a bank or credit card company.
What companies accept Cryptocurrency payments?
There are many companies that accept cryptocurrency payments, but the list is too long to be listed here.
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