Top 5 Crypto Payment Gateways and Crypto Processors

Here is a list of the 21 best crypto payment gateways to accept Bitcoin payments. Crypto.com cryptocurrency payment processors allow merchants to access the global crypto economy. The payment gateway allows merchants to send invoices quickly and manage crypto payments using a powerful dashboard. It allows users to secure their funds in a non-custodial crypto app. The cryptocurrency industry is rapidly evolving, and the payment gateways sector is booming.

  • It allows users to secure their funds in a non-custodial crypto app.
  • The system has been working smoothly since then – from initial conversion to withdrawals.
  • For example, BitHide assures the complete anonymity of the transactions, so you and your clients will remain unknown if you keep your private keys safe.
  • With the help of CoinGate we have increased our conversion rates and attracted more customers who value privacy and prefer crypto payments.

For example, BitHide assures the complete anonymity of the transactions, so you and your clients will remain unknown if you keep your private keys safe. Additionally, the tool helps simplify accounting and the management of multi-merchant accounts. Explore countless benefits of accepting crypto payments with Coinremitter. High transaction fees may make customers less excited about paying in crypto. Some even have fees substantially lower than what you’re paying for credit card processing or even ACH payments, particularly for high-value transactions.

This is optimizing payment processing and making it easier for a range of businesses to get paid in more convenient ways. Bitpay, Coinbase Commerce, CoinGate, and GoURL are among the top options available, each offering unique features and benefits. Embracing digital currencies through these payment processors opens up new opportunities for businesses and customers alike.

crypto payments processor

While these options provide an easy, low-risk way to explore crypto as a payment method, you should consider this list a starting point for your own research. CoinGate’s list of supported coins is too large to enumerate here. Effective October 4, FCF Pay Crypto Bill Payments will serve as an alternative payment method that allows holders of crypto to pay their bills for over 20,000 companies in the United States. Each blockchain contains all the transaction data ever made for that particular coin. Also, each ledger is secured by advanced encryption keys held via buyer and seller networks. When paying in cryptocurrency, it is fundamentally important not to overcharge.

crypto payments processor

Merchants can integrate the gateway through an API and e-commerce plugin. Sellers can choose whether they prefer to receive payments in fiat or crypto. In the case of fiat (euro or the US dollar), CoinGate automatically converts funds. Also, the seller can choose in which cryptocurrency they prefer to receive payments. In case the buyer used a different currency, CoinGate will also execute the automatic conversion.

And, of course, you’ll want to be sure you can get settlements in the fiat currency of your choice. If you’re reading this, odds are you already have some familiarity with cryptocurrency. You probably know what it is, at least in a broad sense, and how you can use it.

The CoinSplit feature allows you to designate a portion of an invoice to a particular crypto, allowing the rest to be paid in a different currency (including fiat). This can enable merchants to manage how much exposure they want to crypto in any given sale. The exact process depends on the crypto payment processor you select, and the region and laws governing your business. However, you should be able to convert your sales into your local currency if you wish to do so. Are concerns about the rising cost of chargebacks and fraud your main reason for accepting crypto payments?

AlfaCoins is one of the best payment processors for Bitcoin, offering the unique feature of splitting payments between fiat and cryptocurrency. One-click instant deposit and withdrawal features make it convenient for large-volume traders. CoinsBank supports major fiat currencies like USD, GBP, and EUR, allowing users better control over their money with transactions made at live market rates.

Finally, one of the biggest unsolved challenges of online shops is a high level of fraudulent chargebacks. In crypto processing, chargebacks are not possible as transactions in blockchain are irreversible, and only the holder of the cryptocurrency can execute a transaction using a private key. Coinbase Commerce claims that they do not charge a commission for withdrawing funds from a merchant’s account on the platform, and there is only the network fee from miners what is crypto payment for transaction execution. However, many users have recently noticed that the «network fee’ on Coinbase Commerce is significantly higher than on the rival platforms, prompting speculation about hidden charges for merchants. That is why it is important to make all payments and their processing as soon as
possible. The entire crypto payment processor is programmed as simply as possible to provide the maximum number of the most useful functions to each user.

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Payouts can be kept in their original form or converted Euros; some cryptocurrencies can also be converted to other cryptos. Bitpay stabilizes crypto transaction values at the rate used for each transaction. This means the amount received, if converted to crypto, will retain its value as the amount paid, even if the exchange rate drops. If the merchant chooses to convert their coins to U.S. dollars, the amount received will be equal to the stated price in dollars, less the 1% fee. Secondly, depending on how you process traditional payments, you should explore if any software integrations exist for crypto payments, and whether or not these would work with your equipment.

The service already has more than 800 customers who recommend the company to other users worldwide. What should those businesses do, following the example of countries and payment giants that decided to start accepting crypto payments? The first thing to start accepting online payments is to choose the right crypto payment processor. Many of the payment gateways on our list integrate with Shopify, including Coinbase Commerce.

However, this feature is not uniform between crypto processors, and some lag may vary. Besides offering its own POS portal and app, BitPay has partnered with Verifone to include the BitPay payment option alongside credit card and other options for in-person payments. This simplifies the checkout process and makes it more familiar for customers. Is it your intention to hang on to the crypto you accept, or would you want to convert it to cash immediately? These are questions for your prospective crypto payment processor.

You can also access Speed’s white-label crypto payment solution to deliver a personalized checkout experience across your online touchpoints. Since the number of users of virtual currencies is increasing day by day, many countries are in the process of drafting a regulatory framework for the use of cryptocurrencies. The benefits of using Bitcoin as a payment option are innumerable.

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