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Crypto Payment Gateways
The crypto industry is growing at an unprecedented rate. According to existing evidence, there are as of now nearly 6000 different types of digital currencies being available for trading, with a market cap of $3 trillion. Cryptos are now also reaping benefits from the trends of virtual currencies becoming more widely accepted.
Mastercard previously partnered up with three Asian crypto businesses to initiate crypto-based credit, debit, and also prepaid cards that could enable users to transfer their virtual currencies into fiat money.
The popularization of crypto per se depends on how rapidly users will be able to adopt, i.e. start paying with common cryptocurrencies, something that is directly affected by merchants and vendors on the one end, as well as by the processing services on the other.
We’ll start by figuring out how all the crypto currency payment offerings thrive to provide excellent accessibility. We will help to determine the characteristics that distinguish a crypto payment system as a strong candidate for the title of the best crypto payment processor.
List Of The Best Cryptocurrency Payment Gateways
The composition of this list includes the best cryptocurrency gateways that handle Bitcoin and other cryptocurrencies as remittance. Aside from Bitcoin processing payments, these crypto payment processors can assist vendors in accepting other digital currencies.
Coinbase, is one of the largest crypto payment processors. It’s a common method for Bitcoin-related commercial transactions. The Coinbase app for merchants can be downloaded and used to receive crypto payments instantly. Coinbase is one of the payment gateways that offers excellent protection against inflationary pressures due to its quick, symmetric payment conversion. Many of the popular online shopping operating systems are well-integrated with Coinbase. All the most valuable European markets, such as Spain, the Netherlands, and Italy are by far the most active Coinbase users.
CoinsPaid, the leading crypto payment gateway ,registered a 26% increase in transaction volume last October. Launched back in 2014, CoinsPaid is currently handling about 7% of all on-chain bitcoin transactions. With over 30 cryptocurrencies available for accepting payments, including USDT, BTC, ETH, LTC, BCH, ADA, DOGE, the crypto processor serves 20+ fiat currencies available for storage and payments (like USD, EUR, GPB, AUD, JPY, CAD). Besides, CoinsPaid makes some fiat currencies available for withdrawal directly to your bank account, setting a high bar for similar services and making CoinsPaid a candidate for headline of the best crypto payment gateway of 2021. In addition to deep integrity of the service, their commissions start from 0.8% extending with the possibility of additional discounts that can lead to lowering commissions down to 0.4% when using CPD token. They have also been nominated for AIBC Awards claiming the title as Payment Provider of the Year – doing that a second year in a row.
Bitpay, one of the world’s most enduring crypto payment gateways, hit the scene in 2011. Folks can begin to accept online payments and transactions by downloading the Bitpay app, with charges beginning at 1%. Bitpay already supports Bitpay Contactless Payments for easy crypto-to-fiat transactions. The Bitpay processor includes open source online shopping plugins among its many functionalities.
Bitpay’s API-based tool makes it increasingly interesting and fun for users. It also has a multifactor authentication feature for extra protection. Bitpay offers multi-user capabilities and culturally diverse assistance in over forty languages worldwide. Bitpay has surfaced as a committed partner for some of the world’s largest and most reputable companies, including Amazon, Master Card, Delta, Bol.com, and others. Bitpay is extensively used as a cryptocurrency payment processor in most economically developed countries.
The CoinPayments gateway covers a wide variety of cryptocurrencies at low fees. The number of digital currencies represented exceeds 1200. Apart from accepting payments in these currencies, the gateway also offers crypto-to-fiat conversion services for all of them. CoinPayments integrates with nearly every popular e-Commerce operating systems, including Shopify, Magento, and OSCommerce.
Coingate has emerged as another strong threat to win the title of best cryptocurrency payment gateway in 2021.The crypto payment gateway empowers vendors to accept payments in fiat currencies such as Pounds, US dollar, euro, and cryptocurrencies such as Bitcoin and altcoins, offering eCommerce platform plugins. Coingate sellers can now accept cryptocurrencies other than Bitcoin with respect to the implementation with Shapeshift. For multiple transactions, Coingate charges only a 1% service charge. Benilu, Japan, and Brazil have broad financial systems that are among the top countries that fully benefit from using Coingate.
Blockonomics is regarded amongst the most advanced cryptocurrency payment processors. It is immutable and requires no 3rd party authentication or additional API Integration services to encourage transactions. The payment procedure is massively influential and protected. In order to pay with cryptocurrencies like bitcoin, the user simply scans the QR code presented on the merchant’s website either from e – wallets.
Blockonomics embedded convergence with Shapeshift allows it to support a substantially wide spectrum of other crypto assets. A 1% fee is levied by the platform. Businesses in massive economies such as the United States, Germany, France, Canada, and the United Kingdom have been among the most likely to be using Blockonomics.
Blockchain.info, which is frequently mistaken because of its namesake proprietary technology, is one of the earliest payment gateways in the world of cryptocurrency payments ever known. Blockchain.info, in addition to being such a famous crypto wallet, also provides repository activities on behalf of Blockchain technology and Bitcoin. These services include researching Blockchain information, Blockchain news, and statistical reports. Blockchain.info’s APIs make it extremely easy for businesses to consolidate. However, keep in mind that integrating Blockchain.info necessitates a solid grasp of coding.
The service is a well-known crypto gateway service among both merchants and users. Of the most appealing aspects of payWALA is that it enables direct payments in € or any other national currency. PayWALA’s online invoice application makes it even easier for merchants to accept cryptocurrency payments online. A Walahala card is also used to instantly withdraw one’s crypto assets. The gateway is very popular in most of the European countries.
OpenNode has no sign-up or initiation fees and is super effective in handling Bitcoin payments for commercial transactions. OpenNode performs well with crypto assets as well as major currencies like EUR, USD and GBP. Its extremely rapid payments and fully automated fund conversions make it an attractive option for merchants.Numerous powerful ecommerce platforms, such as Shopify and Magento are interoperable with OpenNode.
CoinsBank’s status as a fully featured blockchain payment gateway enables it to join the list of the best crypto payment gateways. It only requires a few clicks to connect the gateway to one’s bank transfer. Both Android and iOS users can access the CoinsBank smartphone apps.
CoinsBank supports immediate deposit and withdrawal. CoinsBank debit cards are accepted all over the world. Coinsbank, in addition to its gateway services, provides an exchange trade platform for customers to maximize profits while minimizing risks.
B2BinPAY is another highly esteemed all-inclusive payment system that works globally and flawlessly for all members. The B2BinPay gateway can be used to conduct a variety of functions, including sending and receiving funds, storing and exchanging cryptocurrency, and accepting crypto payments online in a safe and secure manner. B2BinPay is a globally renowned payment gateway that accepts over 800 coins and tokens and offers 24/7 service in multiple languages.
The TripleA cryptocurrency payment gateway is simple to set up. Merchants with no prior programming background can assemble the gateway on their own. TripleA is one of the most consumer-friendly payment gateways, with a WooCommerce plugin and APIs.
TripleA a 0.8 percent minimum transaction fee, which is among the cheapest ones in the sector. The user receives an email notification for each transaction that occurs through the TripleA gateway. TripleA does not charge any additional fees for monthly fee, management, or configuration.
Spicepay is a robust security payment gateway and an easy exchange tool where crypto can be exchanged for a variety of fiat currencies including US dollars, EUR, GBP, and even CAD. The payment gateway is simple to integrate, so it allows for funds to be withdrawn via PayPal or SEPA wire transfers. Spicepay also includes digital services to enhance cryptocurrency charitable contributions online.
Source – FineExtra