More and more business enterprises and firms are making use of cryptocurrency with each passing day. Investors from all over the world are using different types of the cryptocurrency payment services mostly Bitcoin for the transaction. It has become a huge hit among the merchants. When the businesses accept the cryptocurrency payment gateways as a mode of transactions, it becomes easier for the customers to trade in exchange for goods and services. No matter whether you have an online or an offline business, you should consider using the cryptocurrency payment services as well.
Online And Offline Crypto Currency Payment Services
The cryptocurrency in the current market can be accepted both online and in person. The online payment gateways have acquired the popularity and acceptance everywhere in the world because of its convenience.
In order to ensure the online transactions, you have to make sure that there is a payment gateway that accepts the cryptocurrency. Bitcoin online payments seem to be the most common one that is used by the business ventures. The service providers offer website plug-ins using Magento, WordPress, ZenCart, Woo Commerce and Saas Platforms for the cryptocurrency payment solutions. The fee structure is as low as 1%. In fact, there are providers that charge 0% on the first few transactions or up to a certain amount of money.
In person, face to face payment service, cryptocurrency payment app, the functioning of the EPOS system is also executed. As a user, you will be asked to scan, like a barcode, get the unique QR code that gets generated via your digital currency wallet during the checkout.
Features of Crypto Payment Service Gateways
There are many other incredible features of online crypto payment gateways that investors should know before adopting one of them. Let's explore the features of crypto payment service gateways are:
Borderless Payment Services
In the present financial domain, the cryptocurrencies are very popular and the best part of these payment services is that these are borderless, without conceding the security factor of the transactions. Actually, we should thank the block chain technology of crypto payment gateways on which the cryptocurrencies function for making them borderless and other incredible features.
Converts the Currency Automatically
The merchants can avoid the situations of price volatility of the digital currency market through payment gateways as it converts the payments into the fiat or traditional currency. When a customer makes a purchase using a cryptocurrency as the mode of payment, the transaction gets delivered via the payment gateway at a fixed exchange rate.
Storing of digital coins in the wallet is possible
In fact, there are some cryptocurrency payment gateways that don’t allow for the automatic conversion of the digital currency into the traditional currency. In such a situation, the merchant has the right to store the digital coins as long as they want inside their choice of cryptocurrency wallet. The fund stays absolutely safe and secure.
Integration of the cryptocurrency payment gateways
Crypto payment gateways have the advantage of offering lower transaction fees when compared to the conventional credit card payment systems. Moreover, Cryptocurrency payment gateways also help in the easy tracking of the payments done. There are tools used that can be easily customized and also offer native dashboards. Integration of the cryptocurrency payment gateways can be done with the following:
- E-commerce platforms
- Shopping cart software
- Accounting and billing solutions
- Point of sale systems
Face To Face Digital Currency Payments
All major of the cryptocurrency payments are online but there are some merchants who don’t hesitate to initiate the payments on a face to face payment platform as well. This is usually done via an EPOS system or an app. When the cryptocurrency payment app is at work, there is a unique QR code scanning done at the time of the checkout. This ensures that a secure and safe payment is initiated.
BitPay is one such company that provides such a cryptocurrency payment app. In case, you use the Bitcoin, you might be offered a card for the same.
Bitcoin Payment Services
Out of all the cryptocurrencies that are in the operational mode in the current market, Bitcoin is the most popular and widely used one for payment services. If you run a business and want to utilize the Bitcoin Payment systems today and, then you must need to know the benefit as well.
If you have a business venture with a global customer base, you don’t have to worry about the fees and charges involving the currency exchanges. The processing fees or charges are lower. Crypto payment gateways with the block chain technology make the whole process of payment 100% secure. The confirmation of the transaction takes hardly 10 minutes and sometimes even lesser.
Furthermore, You don’t have to pay to keep any savings or payment processing, any monthly fees for the subscription and using the services of the payment gateway. In fact, when compared to the traditional or the fiat currency payment systems, the cryptocurrency payments are more efficient and reliable. Since the block chain makes use of the public ledger technology, there never comes a question about frauds and scams.
The above prime reasons make the Bitcoin payment gateways so popular, especially among the business ventures and the enterprises. Apart from Bitcoin, there are several payment gateways for the cryptocurrencies. Let us now have a look at them.
BitPay is one of the well-known Bitcoin payment service providers that started its operation in early 2011. This payment gateway supports the conversion of the cryptocurrency into 8 fiat or traditional currencies for the bank deposits in 38 nations of the world. Some of the highlighting features include:
- Accepts both the Bitcoin and the Bitcoin cash for your business.
- Safely stores both the Bitcoin and Bitcoin cash.
- Converts the Bitcoin into US dollars and use it anywhere in the world.
Blockonomics is a Bitcoin payment solution that is reorganized and doesn’t operate under any authority or control. The payment gateway allows you to control your own Bitcoin and helps you to be your very own bank. The payment gateway supports all forms of HD wallets and improves the cryptocurrency wallets that you own. The payment gateway includes noteworthy features:
- Get your payment directly into your cryptocurrency wallet.
- The payment is instant without any delay and the whole invoice can be kept anonymous.
- The integration is absolutely easy and simple.
If you are looking for the safest and the easiest way of payment for your business enterprise, there no better option than CoinBase.You can operate these cryptocurrency payment gateways for your business from anywhere in the world hassle free and get to enjoy an international customer base. Some of the highlighting aspects are:
- Security and safety of payment transactions.
- Borderless payment system.
- New innovation and improved tools of digital payment gateway.
- Helpful in building a global customer base.
- An update of the payment gateway
CoinGate can be a solution to varying business needs and the best part is that CoinGate accepts the payment services in a smartphone. This is one cryptocurrency payment solution platform that allows the business ventures to accept the Bitcoin as well Altcoin payments and receive the payouts in currencies like USD, EUR and BTC. Some of them include:
- Point of sale applications
- Highlighting features of CoinGate include:
- Initiation of payments via Android or iOS mobile devices
- It is easy for any beginner to use
- The interface is very simple and user-friendly.
- The speed and the performance of the payment gateway don’t get impacted when on the move.
Coinify denotes an excellent alternative payment option that can be used globally. The payment gateway supports 15 block chain currencies for transaction and conversion at a very low and affordable rate. You can accept Bitcoin, Bitcoin Cash or for that matter any other cryptocurrencies and get the payout in your national currency because of its easy integration on multiple platforms.
Striking features of Coinify
· Highly flexible in nature.
· Automatic payment flow or process.
· 100% secure or process of the transaction.
Undeniably this is one of the great option and payment processors for those merchants who wish to retain some amount of bitcoin from each transaction. In 2013, ALFAcoins comes into digital market as a crypto-payment processing company. Over the years, the highly secure and multifunctional platform has gained a reputation of being a reliable partner between sellers and buyers. This digital payment gateway service makes online transaction transparent and accessible for all parties involved.
Feature of Alfacoins
- AlfaCoins has the payments to be split between fiat and cryptocurrency. It permits to hedge traders bets without risking the entire amount to cash in on surging prices for bitcoin.
- Has a slightly lower transaction fee of 0.99%, it doesn’t offer the $1 million worth of free transactions that Coin base does.
- AlfaCoins charges no fees to install the payment gateway and subscription is free too.
- It can be used in any country except Iran and North Korea and allows funds to be withdrawn in USD or Euro.
GoUrl payment gateway is a forum where the consumers and the vendors get the chance of interacting with each other in a seamless environment. The whole process is powered by the protocols that are supported by Bitcoins and Altcoins. It is one of the leading international providers of online cryptocurrency payment service solutions. Some highlighting aspects of GoUrl are:
- An open source platform
- The whole transaction is anonymous in nature
- 100% free of charge without any transaction fees or monthly fees
- No bank account required
- No need of any ID requirement
- Direct payment to Bitcoin or Altcoin wallets
- As per the risks are concerned, it is almost nil
Among all the digital currency payment gateways, this is one such cryptocurrency payment gateway that offers unlimited possibilities to the traders and customers. This crypto payment platform helps in the selling of codes, files, software programs, and other services. Moreover, Rocketr also offers the apt tools that help you to sell your digital products and services without any hassle. It has the potential to accept PayPal, Bitcoin cash, Stripe credit cards, etc., as the payment modes as well.
Salient features of Rocketr are:
- Handles multiple payment methods with no hassles.
- Very simple integrations.
- Low and easily affordable transaction costs or fees.
- 24 *7 satisfactory customer care support.
This payment gateway is considered the best for those merchants who don’t have the obligation of a fixed point of sales. The XB Terminal allows you to make payments from any smartphone with the help of a mobile Bitcoin wallet via the NFC. You have to keep in mind that you must have the Android device to make use of it. While using the offline mobile device payment mode, it is executed via the Bluetooth, which is also for only the Android devices. Some of the other features of XB Terminal are:
- Both online and offline mobile payments can be executed.
- Secure payment process
- A super-fast payment process
Why should you use the cryptocurrency payment gateways?
There are a plethora of reasons that make a customer utilize the digital currency payment service. Let us have a look at them:
- The codes used in the currency ensure that it is not prone to online hacking.
- It is available to everyone out there who want to use it.
- The transaction is 100% anonymous.
Since the cryptocurrency is decentralized in nature, its payment services are also not under anyone’s control or authority. Hence, the security is at the highest level.
It secures and guards against the online scammers.
The above mentioned are some of the popular and well-known cryptocurrency payment gateways. If you want to have the experience in respect to the cryptocurrency payment solution then you should surf online. You will get the bounty of information on the web and gather knowledge to experience. Before you pick any of the digital payment services for online trade for your own an online or an offline business venture, you need to consider the pros and cons of each of each of the payment gateways. Do not forget to consider every aspect and then make a decision; after all, it's your funds that are on stake.
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