Blockchain technology has the ability to change a variety of industries. Due to this, crypto payment gateways have emerged as a solution for businesses to manage and process payments. Such technologies can:
– Simplify peer-to-peer payments;
– Decrease transaction costs;
– Accelerate payment processing;
– Improve security.
We will cover the 5 top payment crypto gateways in 2022 and their important characteristics to help you determine what is ideal for your business.
What is the definition of a crypto payment gateway platform?
A crypto payment gateway platform is a service that enables businesses to accept cryptocurrency payments. This type of online payment service ensures that transactions are secure and transparent. Additionally, because crypto payment gateways are irreversible, transactions cannot be reversed or canceled.
Top 5 crypto payment gateways
Learn more about the best crypto payment gateway services and their features below!
With a contemporary infrastructure built on SaaS and blockchain, the Paystand platform offers quicker, cheaper, and more secure B2B payments. You may automate and streamline your tedious financial procedures by digitizing your receivables.
You may cut fraud by 50% and give no-fee payment solutions to your consumers by utilizing Paystand’s revolutionary service concept. This is due to the platform’s usage of immutability, a key property of the blockchain. Payments done over their network are permanently recorded on the blockchain and give total transparency with an auditable certificate as proof. Because there is no room for refunds or fraud, this feature ensures confidence among all parties.
Paystand additionally supports several integrations, including Xero, Sage Intacct, and NetSuite. For added ease, you can even create your integrations by utilizing their APIs.
Crypto payment gateway CryptoProcessing by CoinsPaid provides online businesses to make easy, quick, and convenient payments to consumers and accept crypto payments. This service accepts over 20 different cryptocurrencies, including the most prominent digital assets. It also possesses over 40 fiat currencies, including the US dollar, euro, and British pound.
There are no setup or monthly costs, and the service charges only a 0.8% transaction commission. Furthermore, by using the platform’s native token or engaging in the Ambassador Program, this percentage may be reduced even further.
Furthermore, the processor provides a high level of customization through numerous payment tools – choices such as invoicing, payment links, channels, and plug-and-play make the solution ideal for those looking for a customised approach.
While most payment gateways that accept crypto provide cheap costs to businesses, NOWPayments has some of the lowest accessible, assuming you don’t care to pay in the same currency you paid in.
With no custodial features, NOWPayments is one of the simplest crypto gateways on our list. It can handle over 50 different coins, which should satisfy the majority of your needs if you want to expand your payment alternatives beyond the traditional. Transaction costs start at 0.5% and fall as your monthly sales volume increases (measured in BTC, incidentally). If you want to settle in a currency other than the one you received, you must pay an extra 0.5%. A fixed-rate exchange option is also available to protect you from volatility, raising the base price to 1%.
With such a simple service, you may be thinking why you should not just stay peer-to-peer. The biggest benefit is from the several eCommerce systems with which NOWPayments may interface, including Shopify, Magento, and WooCommerce. As a result, NOWPayments is a simple and cost-effective solution to accept payments online.
4) BitPay Wallet
BitPay, a crypto payments gateway offers a range of solutions for accepting, spending, and storing money globally. To fulfill the growing need for increased flexibility, the wallet is expanding to accept payments on multiple blockchains. Many customers and merchants have asked for a means to utilize other cryptocurrencies since they provide benefits that make BitPay wonderful in various ways, such as speedier transactions and reduced costs. With the availability of open-source plugins and interfaces, company owners may now create extensions that integrate with the platform’s wallet to accept other forms of crypto.
The BitPay wallet is non-custodial, which means that you are the sole owner of your private keys and assets. This system offers you complete control over your funds, making it almost hard for someone to access or spend your money illegally.
SpicePay is a crypto payment gateway solution for small to medium-sized businesses and freelancers searching for a safe payment gateway. This crypto payment gateway not only provides an easy-to-use platform, but it also includes unique features such as real-time cross-currency conversion and fraud detection, which bring further security to your transactions.
While SpicePay allows you to convert cryptocurrency to USD, EUR, or GBP, you can trust that your quick crypto payments using Bitcoin, Litecoin, Ethereum, and Bitcoin Cash will be safe. SpicePay’s usual flat fee is 1% for each transaction, which is a value if you’re frugal with your money.