They pay you an amount equal to the digital currency’s fair market value at the time of the transaction. Your customer opts to make payment in cryptocurrency at checkout (in-store, on the web, or in-app). Your customer pays for their NFT and you get paid the next business day with a deposit to your bank account. Similarly, there is an exchange fee every time you convert crypto into fiat or vice-versa. Whether you’re a trader, merchant, developer or just someone who loves crypto – everyone can benefit from CoinGate payment gateway. WooCommerce, and Bitcoins Payments, all of which calculate the prices of products in bitcoin and also work with other cryptocurrencies.

What is crypto payment solutions

Yes, automatic withdrawals are possible via secure API directly to your own or your clients’ wallet. Our professional customer service team is always available to help with any queries. If you want to receive a crypto payment solutions callback before receiving blockchain confirmations, you can specify the number of confirmations. As well as your password, you will need a code which is generated by the Google Authenticator app on your phone.

We are the leaders in crypto payments

We offer a large range of products and services to enhance your business operations. Crypto analytics enhance due diligence and AML compliance procedures for all businesses involved with cryptocurrency. Benefit from faster, worldwide transactions, which are not possible with regular bank payments. A client can specify a minimum transfer amount instructing the system not to accept payments that are less than the minimum amount. Hedge funds can generate hundreds of millions of dollars in management and performance fees.

What is crypto payment solutions

CoinPayments is a dedicated crypto payment solution that allows you to accept 175 cryptocurrencies. Bitpay allows you to accept crypto payments in BTC, ETC, ETH, XRP & LTC. Accept over 70 cryptocurrencies with one of our many payment solutions. Every day, more and more companies are joining in accepting payments with cryptocurrencies, as this is the best way to diversify and grow their businesses. A bearish crypto market induced consumers to favor more stable cryptocurrencies over highly volatile ones, such as Bitcoin, for making payments. The share of Bitcoin transactions fell from 57% in March 2022 to 48% in July 2022, while the share of Litecoin increased from 14% to 22% during the same period, according to data from BitPay.

crypto app

Indeed, people always considered cryptocurrency market, or crypto market, an extremely risky and volatile environment. So, cryptocurrencies, traditionally, were a high-risk investment. However, in recent times several companies introduced stablecoins, pegged to a specific currency, namely the US dollar. Examples of stablecoins include USDC , BUSD , USDT , PAX , and others. As these coins are pegged to US dollar rate, they do not suffer from major price fluctuations, unlike more well-known currencies such as Bitcoin or Ether.

For instance, in November 2022, Bitfinex launched an auto-convert feature for its crypto payments acceptance solution Bitfinex Pay. It allows users to convert Bitcoin payments into Tether tokens automatically, reducing risks from volatility. In July 2022, Coingate launched support for Lightning Network payments. Despite the turmoil in the crypto market, merchants around the world are increasingly accepting cryptocurrencies. For instance, in August 2022, Italian luxury fashion brand Gucci started using ApeCoin as a payment method at some of its stores in the US, in collaboration with BitPay.

We Accept

Hedge / Investment funds can generate hundreds of millions of dollars in management and performance fees. Wire transfers in USD, EUR and GBP are available via SWIFT, SEPA and Faster Payments along with settlements in all the main cryptos and stablecoins. Our payments platform is designed to increase conversion and reduce fraud at every step of the payment flow. Get access to streamlined checkout flows, fraud prevention, issuer-level optimizations, and more so that you can focus on building the next big thing.

  • You can store your Bitcoin and many other cryptocurrencies in your B2BinPay wallet.
  • It enables you to accept payments and make payouts in over 400 methods and different currencies, including cryptocurrencies, via more than 650 providers.
  • Moreover, the decentralized nature of blockchain eliminates intermediaries such as bank from the payment procedure, which improves the transaction speed and shorten the payment processing steps.
  • Detailed information on your transactions are just one click away with blockchain explorer.
  • The cryptocurrency payment solutions eliminate the role of third parties and mediators from the payment system.

Then we will show the benefits of omni-channel crypto-friendly payment solutions. After that we are going to analyze several crypto payment solution implementation options for merchants and platforms. Besides that, we will cover the most important aspects and principles of blockchain selection. Lastly, we will take a look at crypto payment processing costs and describe the industries, in which crypto payments work best. Businesses willing to accept cryptocurrencies as a payment method rather than fiat currencies rely upon crypto payment gateways to operate.

Quick Transaction Process

The company operates in over 180 countries and serves more than 45,000 merchants. Crypto payment gateways are third-party payment processors that deal with digital currencies like Bitcoin and Ether. These types of service providers perform an important function in today’s crypto and blockchain landscape – they help speed up the adoption of cryptocurrencies by merchants. Accepting crypto payments can help merchants access new customer segments. A considerable proportion of customers using cryptocurrencies are new to the merchant and the ticket size is double that of credit card users. The pandemic forced consumers to move all their transactions online and opt for contactless payment methods, in turn triggering an appetite for new, fast, and flexible digital payment methods.

What is crypto payment solutions

Since NFTs live on the blockchain, you will need to pay to tokenize your art. Now you are able to list your art with BitPay to sell your NFTs to crypto enthusiasts. Or are you looking forward to starting your crypto investment journey? Then this is your lucky day because we’ll be reviewing the best cryptocurrency platforms. With NOWPayments, you can set up a Bitcoin wallet but receive multiple crypto coins via their ChangeNOW exchange.

Accept crypto payments,grow your business

It can even be done within 10 seconds, allowing merchants to accept different types of cryptocurrencies. Compared with credit card payments, crypto payments have faster settlement cycles and can be cheaper due to lower transaction costs. Crypto payment services have the potential to build a borderless payment network with the ability to enable seamless transfer of crypto payments from anywhere across the globe.

Million users

Most exchanges support deposits and withdrawals on a particular blockchain only for the currency used to pay gas fees. The previous scenario works well if you only need a single merchant account for your business. A PayFac or SaaS (in our example – shopping cart) platform is an entity, servicing a portfolio of customers. So, as a merchant, you’ll need to submit all the mandatory forms and documents.