Crypto payment gateways empower businesses to swiftly accept digital payments made in cryptocurrencies, expanding their customer reach to the global level. These gateways facilitate peer-to-peer and cross-border transactions, ensuring direct and international accessibility.
With seamless integration into existing payment systems, real-time transaction processing, and enhanced security features, businesses can conduct safe and efficient transactions globally. Additionally, crypto payment gateways typically offer lower transaction fees compared to traditional credit card networks. Although there are dozens of crypto payment gateways, these five services stand out in terms of reliability, security, and range of options available for merchants.
0xProcessing
0xProcessing stands as a leading crypto-processing platform, emphasizing robust security and optimized payment conversion. This gateway leverages unique technology solutions to minimize third-party risks, bolster transaction reliability, and safeguard funds and data.
At its core, 0xProcessing is built on its proprietary blockchain infrastructure, enhancing its service quality through innovative technological offerings. A prime example is the Volatility Risk Control System (VRCS), which seamlessly converts incoming transactions to stablecoins, thus shielding merchant assets from market fluctuations.
User experience is a top priority for 0xProcessing. The platform features an easy-to-navigate and straightforward payment form, leading to higher customer payment conversions. Users enjoy a pleasant experience with the user-friendly personal account interface, complemented by a dashboard that offers transparent and detailed transaction analytics.
For merchants, 0xProcessing presents a suite of versatile features:
· 0xClassic: Offers diverse classic processing options, including variable and fixed-amount transactions, and payments to a static wallet.
· Web3 Processing: Provides a swift and easy payment process using Web3 wallets.
· Recurring Payments: Facilitates service subscriptions through Web3 wallets.
· Crypto-Fiat Conversion: Enables merchants to accept cryptocurrency and withdraw in fiat via SEPA or SWIFT.
One of 0xProcessing’s significant strengths is its expansive cryptocurrency catalog. Merchants gain access to over 50 cryptocurrencies, 22 stablecoins, and 15 blockchains. The service is highly adaptable to merchant needs, with the capability to incorporate new cryptocurrencies as requested.
Security is a cornerstone of 0xProcessing’s operations, powered by its bespoke blockchain infrastructure that guarantees both transaction integrity and data protection. The platform offers comprehensive security protocols, from 2FA to 5FA.
0xProcessing seamlessly integrates into a business’s payment system via API. Personalized merchant manager and crypto gateway technical support help in the integration process. Thus, the business is able to accept crypto payments from customers all over the world.
0xProcessing’s payment form is engineered for high conversion rates, focusing on simplicity, speed, and customizability. It allows WhiteLabel merchants to tailor the payment form to their brand identity, enhancing the overall user experience.
Discover more about 0xProcessing and its innovative services on their website.
CoinPayments
CoinPayments is a Web3 payment gateway simplifying for merchants their way to the cryptocurrency global market exposure. CoinPayments is known for its wide list of cryptocurrencies accepted. CoinPayments as a wallet supports over 2330 coins and as a gateway helps receive payments in more than 175 cryptocurrencies and convert them into dozens of fiat currencies, providing extensive flexibility for users.
For merchants, CoinPayments offers a list of crypto processing services and additional useful features:
· Payment and Donation Buttons: This feature facilitates the integration of cryptocurrency payments or donation buttons on websites for businesses or charities. Users can initiate the process with a Simple Payment Button, or opt for an Advanced Payment Button to enable users to modify quantities.
· In Person Payments: To accept cryptocurrency payments in-store or in person using CoinPayments, either a phone/tablet with the CoinPayments App or a computer with the CoinPayments.net site is required. Both methods utilize the POS feature, where the business inputs the charge amount, selects the payment coin, and presents the payment screen to the customer for completion.
· Auto-Sweep and Auto-Convert: The Auto-Sweep feature enables the automatic withdrawal and/or conversion of the entire balance of a specific coin nightly. Merchants have the option to store received coins in the CoinPayments wallet or send them to a third-party address upon receipt or on a daily basis.
· PayByName: Instead of entering a destination wallet address for a specific cryptocurrency, the sender can use the receiver’s name. This allows the recipient to receive any coin supported by CoinPayments directly into their wallet.
CoinPayments charges a 1% transaction fee, making it a cost-effective option for businesses looking to accept cryptocurrency payments. Users are empowered to receive cryptocurrencies into their wallets for free for the first $15,000/month (0.5% after that). However, fee adjustments may apply to customers in high-risk industries.
BitPay
BitPay is a pioneer in the cryptocurrency payment gateway market. It was one of the first services to enable businesses to accept Bitcoin and other cryptocurrencies as payment. Since 2011, BitPay has processed more than 10 million transactions worth $5 billion. Bitpay supports main blockchain wallets making the gateway a prime choice for web3 amateurs.
BitPay is known for its top-notch security features, ensuring that users can make payments with confidence. It also provides protection against fraud and chargebacks.
BitPay offers quick bank settlement and supports over 16 cryptocurrencies, including Bitcoin with Lightning Network payments and Bitcoin Cash, and is compatible with various fiat currencies.
BitPay provides a user-friendly platform for merchants to accept cryptocurrency payments, with features such as auto conversions for incoming payments, easy customization, and a straightforward payment processing system. It also offers a range of analytics tools through its user-friendly and advanced API to help businesses track their transactions and monitor their performance. Clients can efficiently create and manage invoices, process refunds, handle bills, access real-time rate information, review merchant ledger entries, and perform various other tasks.
The list of most interesting options includes:
· Auto-Conversion and Withdrawals: Funds can be received directly into the bank account, with available bank deposits in 38 countries and settlement in various currencies, such as US Dollars, Euros, GBP, and others. The choice of settlement includes options in fiat, crypto, or a combination of both.
· Recurring Subscription Billing: Merchants may automatically create invoices for a recurring subscription. The bill is then emailed to the purchaser based on the selected schedule options, including Once (not recurring), Weekly, Monthly, and Yearly, accessible through the merchant dashboard.
· Multi-User Merchant Account: Within the BitPay merchant account, multiple users can be added to the dashboard. Each user is assigned individual login credentials and a specific set of privileges.
· Refunds: Underpaid and overpaid invoices are automatically processed by BitPay, issuing the corresponding underpayment or overpayment amount to the customer.
BitPay charges a 1% transaction fee, making it a cost-effective option for businesses looking to accept cryptocurrency payments.
NOWPayments
NOWPayments is a non-custodial cryptocurrency payment processor focused on E-Commerce, gaming platforms and casinos. Supporting 100+ coins and dozens of fiat currencies, NOWPayments provides merchants with easy-to-install tools needed to start accepting crypto payments, donations, or mass payouts. NOWPayments allows merchants to charge customers in fiat as well with an option of automated fiat-to-crypto conversion.
Merchants can exchange their crypto for fiat currencies through a SEPA transfer and receive them in their bank account.
NOWPayments offer various plugins for integration for PrestaShop, OpenCart, WooCommerce, Magento 2, and WHMCS, and provides customers with an API that can be easily integrated in merchant’s websites, platforms, or mobile apps.
The payment gateway’s main features include:
· Order IDs: NOWPayments relates each payment to a certain customer and his purchase, systematizing the money inflow.
· Swaps: The gateway provides an automated built-in crypto exchange tool that swaps received coins before they land in merchant’s wallet. This option is suitable for those merchants who prefer a certain coin while not wanting to limit their clients to one payment option.
· Statistics: Merchants are empowered with detailed data on received payments through an intuitive dashboard. This service is especially helpful for those who use their wallet for several purposes and payments from different destinations mix up.
NOWPayments charges a reasonable fee, depending on the merchant’s transaction volume. It ranges from 0.4% for 50 BTCmonth to 0.5% for those who receive less than 50 BTC per month. Merchants with extra-large volumes exceeding 200 BTC per month may apply for a special offer. Additional 0.5% fee is charged on automated swaps. So, in case of a transaction with crypto swap included, the overall fee is approximately 1%.
CoinGate
CoinGate is another pioneer of the crypto processing market. Since its launch in 2014, CoinGate achieved fame as a reliable crypto gateway enabling merchants of various industries to accept digital coins as payment and convert them into fiat currencies like EUR or USD. The variety of coins supported by CoinGate includes more than 70 cryptos run on multiple networks.
CoinGate provides merchants with plugins and extensions compatible with Wix, WooCommerce, WHMCS, and others, and offers a versatile API with white-label capabilities for integration in merchant’s websites. CoinGate’s payment and donation buttons are easy to install even for those who are not professional in coding. The gateway also supports payments in brick & mortar stores who want to start accepting cryptocurrencies via their PoS solutions.
Apart from common services such as auto-conversion and withdrawals to bank accounts, CoinGate offers several unique options for its customers:
· Gift Cards. With CoinGate, users can spend their coins on a range of gift cards paying with crypto for them. It’s an easy way to benefit from crypto in physical stores without having to sell crypto for fiat.
· Instant purchases. CoinGate’s users can buy 250+ cryptocurrencies with a credit or debit card.
· External Wallets Supported. As a non-custodial crypto payment gateway, CoinGate is compatible with numerous crypto wallets. Customers may even use different addresses within one account.
CoinGate charges merchants with a 1% transaction fee.
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