Our perceptions about money and transactions are being transformed daily by advances in cryptocurrency. Businesses and consumers can’t help but accept the potential of speed, security, and decentralization presented by digital currencies. The best cryptocurrency payment gateways have emerged as the new link between businesses and customers and a vital part of the crypto ecosystem.
These gateways enable hassle-free checkout processes, seamless transactions, and fiat currency to cryptocurrency conversion. It has become expedient for businesses to integrate cryptocurrency payment to stay competitive as the number of crypto users is projected to reach 1 billion by 2025.
Choosing a cryptocurrency payment solution can be daunting. Some important things to consider include the ease of integration, compatibility, transaction fees, and security. The cryptocurrency payment gateways in this list excel in these areas and can be a starting point for deciding which payment gateway to use. A noteworthy mention on the list is Onchainpay, a platform that provides a complete suite of solutions to users in one place. Feel free to read on, weigh the cons, and examine the pros before selecting a payment gateway for your business.
Onchainpay
Onchainpay’s user-centric design and comprehensive features make it easily one of the top choices for cryptocurrency payment gateways. Businesses and customers can benefit from Onchainpay’s unlimited flexibility, real-time payment processing, support for over 17 cryptocurrencies, and cross-chain transactions on 10 blockchains. Businesses looking to maximize their profit margin can take advantage of the lower transaction fees offered by Onchainpay.
Onchainpay uses advanced encryption, two-factor authentication, and Know Your Transaction, KYT, to prevent fraud and money laundering, and is a registered service in the EU. These security measures ensure the safety of transactions, protecting users from sudden malicious attacks. Businesses can also receive payment in their preferred cryptocurrency while avoiding the risk of crypto volatility with real-time fiat conversion on Onchainpay.
The analytics dashboard on Onchainpay offers an exportable spreadsheet for tracking and deep financial analysis. Businesses can monitor transaction history and optimize their processes by leveraging the tool. Onchainpay’s API is an agile solution that offers straightforward crypto payment integration with existing business processes. It features an e-commerce plugin that is compatible with popular e-commerce extensions. Users of Onchainpay also enjoy a secured custody wallet and an automated recurring payment solution powered by smart contracts. These comprehensive solutions have cemented its place as a top-rated cryptocurrency payment processor. Given the standout features, businesses are scaling their operations globally by integrating Onchainpay.
NOWPayments
NOWPayment is a versatile cryptocurrency payment gateway that supports most cryptocurrencies. The platform also offers low transaction fees, and non-custodial fund storage as an additional layer of user security.
NOWPayments uses transaction monitoring, advanced encryption, and two-factor authentication to prevent fraud and offer comprehensive user protection. The platform facilitates seamless conversion from crypto to fiat, helping businesses to receive payment in a wide range of cryptocurrencies across multiple regions. NOWPayment also offers flexible integrations with websites, applications, and online stores. The platform is compliant with EU laws and employs KYC/AML measures.
Coingate
Coingate is a cryptocurrency payment gateway that lets merchants accept Ethereum, Litecoin, Bitcoin, and other cryptocurrency settlements for goods and services. It supports over 50 cryptocurrencies and enables instant crypto conversion to fiat like EUR, GPB, and USD. It also features a digital assets e-commerce payment plugin compatible with popular platforms like Magento, Shopify, and WooCommerce. Coingate charges a competitive fee of less than 1% for transactions.
As a platform that handles sensitive financial transactions like credit card payments, Coingate is compliant with Payment Card Industry Data Security, PCI DSS. The platform also uses 2FA and encryption for additional security. The platform supports merchants globally, although there are some restrictions. With Coingate, businesses can start accepting crypto payments to position themselves perfectly in the industry while protecting themselves against price volatility.
Coinbase Commerce
Coinbase Commerce is a cryptocurrency payment gateway designed to help businesses adapt to the growing crypto trend. With this crypto payment processor, businesses can accept multiple currencies such as Ethereum, Litecoin, Bitcoin, Bitcoin Cash, and USDC. The platform also allows instant settlement and conversion of received crypto payments to stablecoins like USDT and USDC. The instant conversion feature serves the same purpose of protecting businesses against volatility like fiat currency.
Coinbase Commerce offers seamless integrations with e-commerce solutions like Shopify, WooCommerce, and Magento. Payments are secured through Coinbase’s robust blockchain infrastructure and protected from irregular chargebacks. The platform is designed to serve online services, brick-and-mortar stores, e-commerce merchants, freelancers, and independent contractors.
B2BinPay
B2BinPay is a global payment processor that enables businesses to send, receive, store, and exchange digital currencies. The platform supports up to 80 digital currencies including Bitcoin, Ethereum, and Litecoin. B2BinPay employs advanced encryption and 2FA to protect user assets. The payment processor provides APIs and plugins for websites, applications, and e-commerce services.
B2BinPay offers flexible and secure crypto transaction solutions for enterprise clients and merchants making it adaptable to various business models like forex, gaming, e-commerce, and more. The payment gateway is renowned for its security, regulatory compliance, and license in Estonia.
Coinify
Coinify is a Scandinavian payment solutions provider that allows businesses to accept cryptocurrency payments and receive a settlement in their local currency. The platform operates globally with a focus on the European and Asian markets and it supports cryptocurrencies like Bitcoin, Litecoin, and Ethereum. The versatile cryptocurrency payment gateway features a plug-and-play crypto payment processor for online and offline businesses. Coinify also provides crypto buying and selling services.
Conclusion
The rise in cryptocurrency adoption has led to the evolution of several cryptocurrency payment gateways, making it hard to choose. Onchainpay, NOWPayments, Coingate, Coinbase Commerce, B2BinPay, and Coinfy all offer unique features like security and competitive fees.
That notwithstanding, Onchainpay’s comprehensive suite of solutions may be the best option for businesses seeking an all-in-one flexible cryptocurrency payment gateway. With real-time transaction processing, recurrent payments, instant unlimited withdrawals, analytics, security, compliance, and API integration, Onchainpay gives businesses a competitive edge in the global economy. Future-proof your iGaming, gambling, casino, e-commerce, and online business with Onchainpay’s solutions today. Enhance your transactions and propel your business forward in the global economy with Onchainpay.
