You’ll also want to be sure you’re not paying a hefty premium for this convenience. NOWPayments is among the more simple and straightforward crypto gateways on our list, with no custodial features. It can process over 50 different coins, which should cover most of your bases if you’re looking to expand payment options beyond the usual suspects. Transaction fees begin at 0.5% but decrease with your monthly sales volume (measured in BTC, incidentally).
As we know Coinbase is one of the popular crypto trading platforms for trading cryptocurrencies. In this digital era, there are lots of ways out there to make payments. However, people will prefer only the advanced payment technology that makes complicated things simple and easy. In that manner, top crypto payment gateways in the market have resolved many issues that we faced during financial transactions. Shopify is one of the world’s most trusted and best cryptocurrency payment gateways. As a result, it is already being used by thousands of merchants throughout the world to facilitate payments in bitcoin.
This payment gateway is mostly for merchants and it allows users to pay in a wide range of cryptos. The merchants who are using Coinpayments are charged 0.50% as a transaction fee for commercial purposes. The cryptocurrency industry is rapidly evolving, and the payment gateways sector is booming.
It supports payments to bitcoin wallets and other e-wallets along with bank accounts, so is a good option for those merchants who are serious about cryptocurrencies. For those merchants who are looking to try to get the cheapest rate on transaction fees then BitcoinPay is definitely one of the best bitcoin payment gateways out there. It charges just 0.8% on all transactions making it the least expensive payment gateway on this list. When you choose a crypto payment gateway or just a bitcoin payment gateway for making crypto payments, you need to be very careful. It is worth choosing only the most reliable crypto payment processors with official registration and licensing.
You can choose
a fixed-rate exchange option to protect you from volatility, which raises the base fee to 1%. The company is based in the United States and therefore is required to adhere to all U.S laws on currency exchanges. For this reason, it is one of the most trustworthy exchanges, something which is very important given that the cryptocurrency market remains largely unregulated.
Effectiveness in crypto marketing often hinges on factors like the project’s uniqueness, transparency, and credibility. Building trust is crucial in a skeptical industry like crypto, and marketing crypto payment solutions plays a vital role in achieving this. According to their website, they are operating in 60+ countries which, in comparison to other companies, can be considered as the industry average.
- We will also try to identify
the qualities that make a crypto payment platform a contender for the position of best crypto payment processor.
- However, people will prefer only the advanced payment technology that makes complicated things simple and easy.
- However, the volatile nature of the crypto market can pose risks, impacting the profitability of marketing campaigns.
- Be sure to check your country’s cryptocurrency regulations before setting up an account with a gateway.
- A Bitcoin gateway allows merchants to accept payments in Bitcoin from their customers.
- In December 2017, the price of bitcoin plunged 45 percent, from $20,000 to slightly under $6,000.
If you are from other countries, you can use Binance pay to accept payment on your e-commerce site. SpectroCoin is another Bitcoin payment gateway for merchants based out of Europe. They have a decent customer base and provide a variety of options for businesses. The chart below shows the updated pricing for NOWPayments crypto payment gateway. Removing third parties from financial transactions is one of the fundamental tenets behind cryptocurrency.
An added bonus is that Coinsbank allows for free
transfer of currency to family and friends 24/7. All transactions are made at the live market rates which gives users better control over their money. This feature is particularity useful for traders who stand to miss out if they are limited to open/close/mid
market rates only. Coinbase can be used as both a payment gateway and a standard exchange. It enables rapid money conversion from Bitcoin to fiat currency without requiring the merchant to request a withdrawal. The exchange provides this service for free for the first $1 million
in transactions, after which Coinbase charges a 1% merchant fee.
For these reasons, it’s important to know the advantages and disadvantages of payment gateways so that you can decide how you want to accept digital currency payments. DePay offers a different perspective on payment https://www.xcritical.in/ and receiving cryptocurrency. It is always a concern for users to access a platform with low or no fees. Even if you don’t have a website, you can receive cryptocurrencies using its Monetiser Online service.
There are a lot of government restrictions and transactions are susceptible to losses. They like to immediately liquidate and convert their bitcoins into fiat currency to avoid any loss. And for more traditional payment recommendations, see our picks for best credit card processing companies for small business. The payer typically pays transaction fees at the time of the transaction and in the currency being transacted. The exception is with “second layer” coins that are built on top of another blockchain’s infrastructure, typically Ethereum at the moment. In that case, the fee may have to be paid in the base layer’s currency.
With all the big questions answered, let’s proceed to the best options available when it comes to choosing a crypto payment gateway for your business. Coinpayment is one of the top crypto payment gateways in the market; this is generally for merchants and allows customers to pay in a wide range of cryptocurrencies. Charges a minimal fee for commercial purposes which includes the APIs too.
This gateway allows merchants to accept even traditional currency payments like USD and Euros. This gateway is super user-friendly and will enable merchants to set up and monitor payments from their phones, making the process convenient. And not only have customers experienced the convenience of crypto payments, but such red-taped organisations like banks also see crypto payments’ potential. Thus, Visa has more than 30 crypto card programs, and Mastercard has more than 20. Coinbase Commerce, BitPay, and Binance Pay are a few of the best crypto payment gateway platforms. GoCoin.com, founded in 2013, is a digital currency platform that provides merchant APIs for online and retail businesses to accept several cryptocurrencies.
It operates as a B2B corporation with its headquarters in Singapore. It, of course, is not the most popular solution yet, but there is definitely a potential for them to become the best crypto payment gateway in 2022. And, apart from it all, accepting crypto payments would make your business feel more “cutting-edge”, which you cannot deny – is great. SpicePay‘s unique selling feature is that it enables merchants to withdraw their bitcoin payments via PayPal and even debit cards along with the standard bank transfer. Withdrawals can be made in either USD or Euro depending on the merchant‘s preference.