Introduction
Blockchain is a buzzword today. It has started involving and disrupting almost all industries; one of them is the payment industry. Most of us are familiar with card payment and it can be a convenient method for us. However, there are a number of issues with mainstream payment platforms, such as high fees & slow payouts and chargeback, etc.
Receiving payment through Blockchain can solve those issues, but for that, you have to set up different blockchains to accept payments with different cryptocurrencies, which require a lot of effort to build and maintain the infrastructure. To solve these issues, we can think of Crypto Payment Gateway, which provides support to automate this process, and you don't need to set up each blockchain separately. All you need is to provide a transaction fee to the gateway and stay focused on running your business.
A cryptocurrency payment gateway is the same as other payment gateways that you would use with your business; the only difference here is that the mainstream payment platforms, such as PayPal or Stripe accept fiat currencies and cryptocurrency payment gateways accept cryptocurrencies.
There are a number of payment gateways available for cryptocurrency transactions. Here are some of those -
CoinPayments
CoinPayments is a cryptocurrency payment platform that accepts over 1100+ altcoins at a flat transaction fee of 0.50%. CoinPayments is a robust service provider for merchants or anyone who sells their services online. Also, you can add your coin with its coin hosting feature. Over 2,365,500 vendors across 182 different countries CoinPayments, is the first and largest payment processor.
Features of CoinPayments are as follows-
- GAP600 Instant Confirmations
- Air Drops
- Vault
- Fiat Settlements
- Auto Coin Conversion
- Point of Sale (POS)
- Multi-Coin Wallet
- PayByName, one unique $tag to receive payments from all coins
Currently, CoinPayments integrates with a number of popular shopping carts used by eCommerce stores including Shopify, PrestaShop, Drupal Commerce, Woo Commerce, Magento, and Opencart.
Learn More: https://www.coinpayments.net/
BitPay
BitPay is currently the largest Bitcoin payment processor in the world, trusted by Microsoft, airBaltic, NewEgg, Neteller, Virgin, and Shopify. It provides a unique feature called "BitPay Card", using which, you can turn your bitcoin into dollars. It also allows you to accept payments in Bitcoin and Bitcoin Cash and receive funds directly to your bank account, in 38 countries.
Features of BitPay are mentioned below.
- Integrated with more than 11 solutions
- Open Source Plugins with all major eCommerce shopping cart
- Point of Sale (POS)
- Billing & Accounting
Learn More: https://bitpay.com/
Coinbase Commerce
Coinbase Commerce is a secure and trusted cryptocurrency company. They accept mainly 5 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic with 42 counties. Coinbase Commerce is one of the largest networks with 2000+ merchants worldwide.
With just an email address and a phone number, a merchant can start receiving cryptocurrency payments. Coinbase Commerce can be integrated with Shopify, WooCommerce, PrestaShop, Magento, OpenCart, osCommerce, and few others.
Learn More: https://commerce.coinbase.com/
Savvy
Savvy (previously known as PayBear) is a leading cryptocurrency payment processor trusted by 3000+ merchants. It provides different features including Savvy Wallet and Savvy Merchant. Savvy Wallet is a multi-currency crypto wallet that supports 50+ currencies; with the use of this wallet, you can manage your crypto-tokens. Another tool, Savvy Merchant is for store owners, those who intend to integrate cryptocurrency payments with their stores.
Features supported by Savvy are as follows,
- 0% payment processing fees
- Crypto for everyday use
- Easy peer to peer payments
- Magic filters for your cluttered transactions
- Hassle-free merging
Savvy integrations available with Shopify, PrestaShop, WooCommerce, Magento, and Opencart.
Learn More: https://www.savvy.io
CoinGate
As a payment gateway for blockchain payments, CoinGate provides a reliable payment infrastructure that caters to the needs of both, merchants and customers. It is accessible, convenient, and customer-oriented. Currently, CoinGate supports over 50 Altcoins with a 1% processing fee. It provides integration with WooCommerce, Magento, PrestaShop, WHMCS, and more.
Learn More: https://coingate.com/
GoCoin
GoCoin is a safe and easy platform that can be used to accept Bitcoin and can help you carry out private billing and secure payments at a lower fee. It's providing integration with WooCommerce, Magento, PrestaShop, OpenCart, UberCart, OSCommerce, nopCommerce, and more.
Learn More: https://gocoin.com/
Acceptcryp.to
With just a few lines of code, you can easily integrate Acceptcryp.to into your shopping cart platform or website and can start accepting payments in that form of cryptocurrency.
Features of Acceptcrypto are as follows,
- Email receipts on a payment succeed or fails
- Money is immediately sent to an e-wallet of user’s choice once the transaction is confirmed
- Automatic refunds
- Support for 6+ cryptocurrencies
- Different price model for starter and Enterprise model
Learn More: https://acceptcryp.to/
In this article, we have seen different payment gateways. You can start accepting cryptocurrencies in your shopping cart website by using any of these.
Has anything been missed here? Let me know in the comment section.