Cryptocurrency businesses use payment gateways to accept cryptocurrency payments and convert them into their preferred or national fiat currency, such as U.S. dollars. These businesses can integrate a stable and reliable payment gateway API into their exchanges to establish a secure bridge between themselves and their customers. In other words, the gateway acts as an intermediary that enables merchants to sell digital assets and cryptocurrencies to customers in multiple fiat currencies.
Payment gateways eliminate the complexities of traditional blockchain confirmations and crypto wallet management. As a crypto business owner, all you need to do is select the best payment gateway for your exchange.
Below are the top 5 payment gateways for crypto businesses.
1) ChangeNOW
The ChangeNOW Crypto Exchange API offers a payment gateway for businesses to accept crypto payments, expand their sales channels and increasing profits. All you need to do is integrate ChangeNow API into your new or current exchange platform. After that, all the benefits of this payment gateway will be transferred to your platform.
This non-custodial payment gateway supports more than 1,500 coins on over 110 blockchains. There is no third-party payment processor temporarily holding the funds before distributing them to the business. Payments flow from one crypto wallet to another to promote security and decentralization.
The payment gateway has 99.9% uptime, 10-minute accident warning, and 350 millisecond response time. Whenever you need assistance with a payment problem or gateway issue, you can rely on ChangeNOW’s 24/7 customer support from a dedicated support manager to assist you. That is why ChangeNOW remains the number one payment gateway for crypto businesses.
Best of all, your crypto business will receive a commission on every transaction, starting at 0.4%. The commissions are flexible according to assets, pairs, or exchange amounts. Over 2,250,000 exchange pairs give you access to all popular blockchains, stablecoins, and trending tokens. New assets are even being added all the time, bringing new opportunities to you and your customers.
2) Coinbase Commerce
Coinbase Commerce is a recognized payment gateway brand. It makes it easy for crypto businesses to seamlessly accept crypto payments by integrating the gateway into the checkout process of their e-commerce platforms. The easy onboarding and fast integrations will enable your business to accept crypto payments within minutes. Some of the accepted platform integrations include WooCommerce, Jumpseller, and Primer.
Coinbase Commerce promises volatility-free, automated conversions between cryptocurrencies and the preferred stablecoin, USDC, and vice versa. Many businesses like Coinbase Commerce because it instantly settles payments by transferring funds directly into the wallet, without errors or delays. There are no chargebacks to worry about, and the transaction fees are as low as 1%.
Coinbase Commerce was built on an open-chain payment protocol for direct, peer-to-peer payments without banks or other intermediaries getting in the way. This protocol is what enables automated instant settlement, low fees, and the acceptance of hundreds of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin.
3) BitPay
BitPay is a payment gateway best known for its enterprise-grade features, robust anti-fraud measures, and strong regulatory compliance. Many larger businesses choose BitPay for its stability, global recognition, and adherence to anti-money laundering policies. Founded in 2011, BitPay is one of the longest-running payment gateways in the cryptocurrency universe. Now, 14 years later, it is one of the largest payment gateways in the world.
BitPay accepts over 100 cryptocurrencies, Lightning Network payments, and many Layer-2 solutions, including Arbitrum, Optimism, and Polygon. You have the potential to reach hundreds of millions of customers across 229 countries and territories. The settled payments can be in cryptocurrency, fiat currency, or both. Since the gateway’s tiered fee structure decreases with higher transaction volume, larger enterprises enjoy more of the gateway’s benefits than smaller or medium-sized businesses.
4) CoinPayments
CoinPayments is an international crypto payment gateway. Businesses can use the gateway to accept, convert, and manage payments in over 40 different cryptocurrencies and digital assets. It can integrate online shopping carts, buy-now buttons, invoice generation, and support for popular cryptocurrencies and altcoins like Bitcoin and Litecoin.
Built on a multi-party computation architecture, CoinPayments can provide your business with reliable, instant payments on your e-commerce platform. Like BitPay, CoinPayments has been around for 14 years and supports more than 250,000 merchants worldwide. You can save up to 90% on withdrawal fees by paying one standard 0.5% transaction fee per individual payment. You can also batch withdrawals from multiple callback addresses and pay the 0.5% fee plus one network fee. There is instant transaction verification for incoming deposits, without waiting for blockchain confirmations.
5) OpenNode
OpenNode is a Bitcoin-friendly payment gateway that leverages the Lightning Network to deliver fast, low-fee cryptocurrency payments. If your crypto business wants a low-cost Bitcoin payment processing option, OpenNode is one of the best choices. Its powerful API and e-commerce plugins make it fast and easy to integrate OpenNode into your e-commerce platform. Some of the support integrations include Shopify, WooCommerce, and Magento. The gateway charges a 1% standard processing fee.
OpenNode is ideal for startup crypto businesses looking to grow and prosper by accepting the most popular cryptocurrency payment method. It can automatically convert Bitcoin payments into local currencies as soon as the payments are made. There is no settlement period or wait times, as all settlements are instant. As a result, businesses can accept Bitcoin for faster, safer, and more secure international online payments while eliminating the risk of fraud and chargebacks.
ChangeNOW for Payment Gateways
Integrating ChangeNOW’s payment API into your crypto business is a wise decision if you wish to expand payment options, increase revenue, surpass your competition, and create a better experience for your customers. Since cryptocurrency payment technology evolves by the day, your crypto business needs a robust payment gateway with advanced security and features to thrive in the modern digital age. ChangeNOW’s API is the best technology to make that happen.
