Your decision to integrate a cryptocurrency payment gateway into your website was a good one.
It is crucial to utilize a payment processor that supports crypto payments when your business is involved in domestic or international transactions. More help?
What happens if You Use The Crypto Payment Gateway on Your Website?
These payment gateways that allow companies to accept crypto currency like Bitcoin, Litecoin, Bitcoin Cash as a payment method.
Anybody can purchase products and services from businesses that accept crypto-based payments no matter where it’s located around the globe.
Merchants who accept crypto payments have no problems of traditional payment methods which include high fees in addition to identification requirements and delay.
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What are the reasons why Crypto Payment Gateways Are Useful For businesses?
Giving your customers the option to pay in crypto-coins has numerous benefits. A few of them are described below:
First, it’s secure, and customers are in complete control of their transactions.
Customers can take advantage of the latest payment method.
It will establish your company as one that is forward-thinking.
Avoid chargebacks if you are using another form of payment.
Get access to new customers looking to pay for their products and services using cryptocurrencies.
Now you understand how important it can be to your business. It will elevate your business to a new stage and help you attract more customers.
However, the question is WHICH crypto payment gateway you should choose.
We’re going highlight the five top cryptocurrency payment options for 2020. We’ll then suggest which one is the best choice for you.
Top 5 cryptocurrency payment gateways for 2020
1. Coinremitter:
Coinremitter, one of the top cryptocurrency payment gateways in the world, provides top services for clients and merchants across the globe.
It is home to more than 25000 active users and it is in a close relationship with them.
Coinremitter is a Bitcoin processing company that has processed over 5 000 BTC. The transactions are completed every hour.
They take the most prestigious cryptocurrency that is popular and secure such as Bitcoin, Litecoin, Dash Coin, Bitcoin Gold, and many others.
The APIs are available for free and are compatible with all the well-known and powerful plugins such as Laravel CorePHP WordPress and many others.
The benefits of choosing the coinremitter option is that there are no KYC processes there is no ID or background verification required, etc. All is well.
There are other options like currency swaps and digital invoice. However, the primary characteristic is that they charge only 0.23 percent for transactions.
It was created to offer the most efficient and simple service.
2. Coingate:
CoinGate is yet another Crypto payment gateway with great merchant choices.
The interface is user-friendly, allowing merchants to register and start accepting crypto payment from the moment they sign up.
The company is working to create a user-driven checkout system that allows crypto transactions swiftly.
CoinGate allows consumers and businesses around the world to enjoy and make cryptocurrency-based payment.
It works with more than 40 cryptocurrencies so merchants can substantially expand the range of payment options that they offer by using this crypto-payment gateway.
Coingate charges the fee of 1% on all transactions that normally takes approximately 1 hour to complete.
3. Bitpay:
Bitpay is a finance technology company that is based in the United States. It’s a bitcoin payment system that serves business owners from around the world.
The company utilizes technology based upon blockchain payment for letting sellers accept and pay with crypto currency. The payment system makes use of cryptocurrency.
It assists merchants by meeting their needs across the globe and reaching an international audience, even bitpay protects its merchants against any type of fraud.
Due to the international blockchain technology, the company allows sellers to have complete control of their assets. Bitpay allows merchants to enjoy a quick and easy delivery.
BitPay accepts bank transfers from 38 countries, which is the only drawback.
4. Coinpayments:
CoinPayments is another well-known cryptocurrency website that caters exclusively to online retailers. Transfers can be done using different coins which include Bitcoin, Ripple Bitcoin Cash and the Litecoin.
CoinPayments also facilitates instant payment transfers and provides the option of a wallet to control your spending easier by selecting when you want to access it.
There is also the multi-coin wallet, which is outfitted with top-of-the line security.
Gift certificates are offered by merchants to encourage customers to use crypto-coins in order to pay for goods/services.
CoinPayments offers a broad range of ready-made plugins such as aMember, Arastta and WooCommerce.
The platform is accessible for both iOS and Android to ensure that the cryptocurrency revolution doesn’t go unnoticed.
5. GoURL:
GoURL is a digital financial service that is located in Dominica. GoURL’s fees vary from free to 3.5%.
The gateway gives merchants an an alternative to the traditional gateway technology. The payment process is done without the need to go to an external site.
GoURL’s platform makes order management easier by providing a simple description of payments. The transaction is processed in 30 seconds and the payment is extremely secure.
The good thing about GoURL is that it allows merchants to accept 1-click payments via their websites by using Monetiser Online.
The platform is not able to facilitate direct bank transfers that could result in disappointment for certain businesses.
Moreover, fees are high when compared with other cryptocurrency payment gateways listed on this list.