Cryptocurrencies continue to rule the global payment system with a range of benefits that crypto assets offer individuals and businesses. While their potential for a moonshot has made crypto trading one of the best ways to make money online, many businesses have begun to adopt these digital assets as a payment method. Therefore, you may need to know the best crypto payment gateways you can employ to integrate crypto payments into your business.
What Is A Crypto Payment Gateway?
A crypto payment gateway is a payment network that enables easy and secure transactions of cryptocurrencies. This service speeds up crypto transactions and supports payments in Bitcoin, Ethereum, USDT, Dogecoin, Litecoin, Solana, etc.
Therefore, crypto payment gateways allow businesses to accept crypto payments from their customers across the world. This is already evident in some top businesses that support crypto payments, and there is optimism that more businesses will emerge to adopt cryptocurrencies as their payment method.
Moreover, some top payment gateways are integrated with unique software tools – providing a seamless transaction process for businesses and their customers.
One major merit of these crypto payment services is preventing transaction failure, a widespread issue with online payment gateways. This is owed to the application of blockchain, an integral component of the cryptocurrency.
Blockchain technology also makes the speed of crypto payment or transaction to be 10-times faster than traditional payment processors.
Best Crypto Payment Gateways For Businesses
1. CoinGate
CoinGate provides prompt monitoring of crypto payments via its user-friendly mobile application. This platform supports over 100 cryptocurrencies that its users can trade. These include Bitcoin, Ethereum, Ripple, etc. The crypto payment gateway facilitates the transaction processing of BTC to USD and Euros.
Businesses can employ CoinGate by integrating plugins for e-commerce and payment clicks for operating platforms like Android, iOS, and the web. It charges a 1% transaction fee for every payment, which can help businesses handle crypto payments and transactions.
2. CoinsBank
CoinsBank provides a service that integrates a payment system supporting Bitcoin and many altcoins. It is also a platform to trade cryptocurrencies. This crypto platform has a simple and intuitive interface that gives real-time transaction management and monitoring of the dynamics in the crypto market.
This payment gateway facilitates the connection of credit/debit cards to a wallet, enabling users to make crypto payments quickly.
3. SpicePay
SpicePay is one of the popular crypto payment gateways that enables businesses to accept cryptocurrencies, just as you can trade them on the platform. It also provides a wallet to store cryptocurrencies securely.
You can integrate SpicePay into your website to receive crypto payments – a platform devoid of chargebacks. While SpicePay primarily supports South American, South Asian, and Eastern European markets, its wire transfer gateways are available across the world. You can save up to 2% for every transaction using this gateway that offers secure and instant crypto payment for businesses.
4. Plisio
Plisio enables businesses to accept crypto payments from customers, providing a simple and safe way to process transactions. This crypto payment processor supports a variety of coins like Bitcoin, Ethereum, etc.
This payment service provides many tools and features for businesses to manage their crypto payments. These include shopping cart plugins, a donation page, and invoicing solutions. Plisio also offers integration options with popular e-commerce platforms like Magento, Shopify, WooCommerce, etc.
5. BitPay
BitPay is another crypto payment gateway that supports multiple coins. As such, it allows users to convert BTC into USD through immediate withdrawals. This payment processor is often considered one of the fastest and most flexible crypto payments for mobile and the web.
Different sizes of businesses can use BitPay to receive crypto payments. This runs on a blockchain, so users don’t have to provide transaction card details. It employs two-factor authentication to secure all transactions and charges a 1% fee.
6. Whalestack
Whalestack allows online businesses to receive cryptocurrencies and settle payments in fiat currencies. This payment processor supports Bitcoin, Ethereum, etc., and facilitates their conversion into the business’ bank account or crypto wallet.
Irrespective of the crypto asset your customers use, you can easily denominate and convert sales in your customer’s preferred fiat currency.
7. GoURL
GoURL provides crypto services like Bitcoin plugins that can be easily integrated into WordPress sites. This payment processor offers a Monetiser Online service that enables businesses to receive cryptos without having a website.
A free sign-up process characterizes the payment gateway but charges a transaction fee of 1.5%. There is also a compensation fee of 3.5% associated with the platform.
8. Blockonomics
Blockonomics can be described as the only crypto payment gateway that offers complete decentralization in the e-commerce industry while upholding anonymity and security of payments. This payment processor provides every tool to facilitate Bitcoin transactions for businesses. So, many merchants can integrate Blockonomics to receive crypto payments in exchange for products and services.
9. CoinPayments
CoinPayments allows businesses to accept payment in cryptocurrencies like Bitcoin, Litecoin, Ripple. etc. Using this payment gateway for commercial purposes attracts a 0.5% transaction fee, as integrating its APIs also incurs charges from the payments.
Businesses must register on the CoinPayments website to get the API, which they can subsequently integrate into their sites. So this enables you to receive Bitcoin payments and other crypto assets. As a business, you can also convert your crypto payment into another crypto on the platform.
10. GoCoin
GoCoin provides a payment gateway with customers’ API that can be integrated into businesses and various e-commerce platforms. This allows you to accept Bitcoin, Dogecoin, and Litecoin as payment methods for your products or services.
There is a 1% transaction fee attached to using this payment processor. GoCoin is a written-in Go language (golang) service for Bitcoin, which also provides online client, server software, offline wallet, and other tools.
11. Triple A
TripleA provides a seamless setup for its users and businesses. It gives a WooCommerce plugin that can be integrated into WordPress sites. But, there is also an open-source API for custom integration into other websites.
Businesses can use TripleA to receive crypto payments and withdraw in their preferred fiat currency. The payment gateway has a 24-hour settlement time with a transaction fee of 0.8%.
Frequently Asked Questions (FAQs) About Best Crypto Payment Gateways
What Is The Best Crypto Payment Gateway?
The best crypto payment gateway will be relative to preference. This is because you must consider factors like transaction fees, security, ease of integration, etc., before inferring the best payment gateway for your business.
Can I Use Crypto Payment Gateway Without KYC?
In most instances, you may be required to complete the KYC (know your customer) procedure on your preferred payment gateway’s platform before accessing its complete payment solutions.
Can I Trade Crypto On Payment Gateways?
While crypto trading is possible on payment gateways like CoinGate and BitPay, other payment processors like TripleA do not support trading on its platform.
What Is The Best Crypto Payment Gateway For Small Businesses?
It is difficult to establish the best crypto payment gateway for small businesses, but you can use any of the gateways highlighted in this article. This is because they are ideal to receive crypto payments.
Conclusion
Crypto payment services are important in today’s business because they usher in innovation that has the potential to enhance the growth of both the local and global financial industry.
Therefore, crypto payment gateways are what many businesses are now using to stay ahead of their competitors because of the leverage they get in providing many cryptocurrencies as payment methods.
However, it is important to research the pricing and other features of the payment gateways before choosing one for your business.
