The rapid growth of cryptocurrency adoption has changed the way merchants and companies treat digital assets. More and more companies are striving to keep up with the times as they are fully aware of the full range of crypto payments advantages. To date, the banner of primacy in matters of acceptance as a payment option is shared by Bitcoin and Ethereum. Ethereum is available as a payment method at more than 3,500 companies around the world. Such stunning success has forced merchants to reconsider their current payment solutions and look for the best crypto payment gateways to start accepting ETH payments.
Key Points:
- What is a crypto payment gateway and what are the benefits of using such a service?
- How does the crypto payment gateway work and what features does an advanced service have?
- What are the best Ethereum crypto payment gateways?
What is a crypto payment gateway
The cryptocurrency payment gateway is a crypto processing system, the implementation of which allows you to accept cryptocurrency transactions as payment for goods or services, or any type of mutual settlements. Cryptocurrency payment gateways provide a fast, smooth, and secure solution for crypto payments. The user simply needs to arrange payment through such a system, and then the gateway is engaged in the entire movement of the cryptocurrency. Crypto gateway can transfer funds to your account not only in cryptocurrency, some solutions have automatic crypto-to-fiat conversion. That is, when your customer makes an ETH payment, you receive fiat currency payment in return.
Benefits of crypto payment gateway
The main advantages of crypto-processing include such parameters as:
- The ability to accept payments in several cryptocurrencies.
- Transparent commissions, without any hidden conditions and pitfalls.
- Round-the-clock technical support.
- Quick invoicing via your personal account.
- Automatic method of sending mass payouts.
- No refunds, freezes, and any problems with the storage of funds.
- Detailed statistics of each payment in your personal account.
- Extremely fast connection that allows you to start accepting crypto payments in a matter of minutes.
- Auto crypto-to-fiat and fiat-to-crypto conversation.
- Complete security of transactions.
How does a crypto gateway work
In order to start accepting payments in cryptocurrency, the user has to complete several steps:
- Log in/sign up to your account.
- Select a payment instrument that meets your requirements.
- Embed the tool on your website.
- Start accepting crypto for payment.
The crypto payment gateway is not only about accepting digital money. With the help of the gateway, merchants can also automatically convert the received cryptocurrency into fiat, another coin, or stablecoins. After the conversion, the gateway sends funds to your wallet or bank account (if the crypto-to-fiat conversion took place).
Features of crypto payment gateway
In the modern world, demand generates supply, so the number of crypto payment gateways is steadily growing. In order to choose the best crypto payment gateway, it is necessary to understand what features it should have. We have highlighted the main features that you should pay attention to before making a choice:
- Wallet-to-wallet transactions
Mutual settlements between the parties are made on a peer-to-peer basis. This significantly reduces the payment time, as well as increases the level of security. In addition, following this model, merchants have full control over their funds.
- Flexibility and ease of integration
The advanced crypto payment gateway has a variety of payment tools to satisfy the needs of its customers. These tools are easy to integrate and can be customized.
- Automatic conversion
Knowing the volatile nature of the crypto market, there is no doubt that real-time exchange is one of the most useful features. So, a good crypto payment gateway offers its customers to connect fiat processing in order to charge cryptocurrency and receive fiat for it.
- Donation function
Today, cryptocurrency is actively used not only in the field of payments but also among many non-profit organizations. In addition, with the help of donation tools, bloggers, streamers, and other non-profit individuals can monetize their efforts. Accordingly, the crypto payment gateway should offer its customers various tools for accepting donations.
- Possibility of mass payouts
More and more employers are striving to keep up with the times and offer their employees a crypto payroll. This tool allows users to send funds to various addresses and significantly save on fees.
Top 10 Ethereum gateways for cryptocurrency
NOWPayments
NOWPayments is an easy-to-use payment service with which users can smoothly accept more than 100 different cryptocurrencies. Merchants can install plugins for the most popular CMS solutions, APIs, as well as create invoices, and use online POS terminals. In addition, with the help of NOWPayments, users can easily configure the acceptance of donations via numerous tools: widgets, buttons, or links. The service also provides the possibility to configure mass payouts that can be used to pay salaries, various commissions, and other purposes where it is necessary to send funds to a large number of people. Moreover, with the help of NOWPayments, users can set up automatic crypto-to-fiat (or vice versa) conversion.
CoinPayments
CoinPayments is one of the most popular and reliable payment gateways in the crypto market. This is not just a multi-currency wallet, with support for more than 2000 cryptocurrencies, but also an easy-to-use crypto processing system. With the help of the service, merchants can easily accept international crypto transactions by configuring one of the tools: plugins for various e-commerce platforms, buttons with various design options, APIs, invoices, POS terminals, and more. In addition, the service allows various non-profit organizations to accept donations in crypto. One of the main advantages of CoinPayments is a Cryptocurrency Vault, which allows you to lock your funds for their safe storage.
CoinGate
CoinGate is another major cryptocurrency payment processor that provides its services to users from all over the world. It has over 70 supported coins and various easy-to-implement solutions for website owners. The seller can choose to receive a payment in crypto, fiat currency, or receive a mixed payment. The platform allows users to install payment buttons, CoinGate API, plugins for e-commerce platforms, as well as accept crypto via the CoinGate Billing Service. Invoices created within CoinGate can be scheduled, which allows you to create them once and set a timetable for receiving payments. Most of CoinGate’s crypto reserves are stored on cold wallets, so users can be assured of the security of their funds.
CoinRemmiter
CoinRemmiter is a reliable crypto payment gateway that allows you to accept major cryptocurrencies. The service allows you to accept 9 different coins and supports the currency conversion function. As part of CoinRemmiter, users can implement plugins for most well-known platforms, APIs, as well as create invoices. The service stands out favorably among competitors with its low fees, amounting to only 0.23%. Moreover, with the help of the platform, users can easily create secure digital wallets for supported cryptocurrencies. CoinRemmiter also allows you to exchange currencies, for example, in order to avoid volatility, users can exchange Bitcoin for Tether stablecoin.
Crypto.com
Crypto.com represents an entire ecosystem for working with cryptocurrency. Within the framework of the platform functions Crypto.com Pay – a crypto payment gateway that allows you to send and receive crypto for services or goods. The main feature of the platform is extremely low fees. The platform supports working with more than 30 tokens. Crypto.com allows users to implement payment tools such as: buttons, page redirection, APIs, plugins, and invoices. Merchants can accept payments in cryptocurrency using a simple payment system based on a QR code. Cashback is provided for consumers using CRO (the native cryptocurrency of the platform).
Plisio
Plisio is a payment gateway for accepting various cryptocurrencies and sending mass payouts. With the help of Mass Payouts, you can send an unlimited amount of funds to various addresses (up to 1000 transactions). Using the API interface, you can set up the acceptance of digital currencies as a payment in the mobile application or on your website. Plugins for the main e-commerce platforms and invoice builder are also available on Plisio. One of the main features of the service is customization, each user can customize the design of payment instruments for themselves. Also, for the convenience of users, the Plisio application has been developed, which is currently available only for Android devices.
CryptAPI
CryptAPI is a crypto payment gateway that is characterized by maximum ease of use. Ready-made plugins and libraries are available to users, which can be easily downloaded and implemented on their websites to accept crypto for payment. In addition, the platform allows you to create a payment address with just one line of code. All that is necessary to create this address is to provide your recipient address, as well as your service callback URL. The platform is distinguished by its privacy-oriented nature, therefore CryptAPI doesn’t require registration. The service fee is 1% but it can be reduced to 0.25% based on transaction turnover.
Prodoge
Prodoge is a crypto wallet that was designed specifically for business owners. Prodoge application allows you not only to store cryptocurrency, but also to accept and send crypto payments, communicate with people around the world, as well as buy/sell/exchange supported cryptocurrencies. Within the framework of the platform, users can send payment links, embed payment widgets on their websites, as well as create invoices and Point of Sale terminals. Prodoge supports 5 cryptocurrencies, including Ethereum, as well as credit and debit card transactions. Users can track a detailed transaction history in their personal accounts.
B2BinPay
B2BinPay is a fairly well-known crypto payment processor that allows you to accept a wide range of cryptocurrencies for payment. The developers of the platform assure that the implementation of the API will not take much time and effort. The APIs are integrated into the website following the White Label concept so that the platform does not advertise its services through customers. The service supports more than 800 coins, tokens, and stablecoins. The provider processes crypto payments, converts digital currencies into the selected fiat currency at market prices, and credits fiat money to bank accounts. CMS integration is implemented in plugins for Magento, WooCommerce, PrestaShop, and WordPress.
CoinsPaid
Crypto payment provider CoinsPaid allows users to accept more than 30 cryptocurrencies for payment with the ability to convert into more than 20 national currencies. The service offers various payment solutions, including: payment via channels (in this case, the payment is not tied to a fiat currency and is not time-limited), invoices (crypto payment is tied to fiat and must be completed within 15 minutes), and Plug and Pay (with which you can make mass payouts). The fees of the service when working exclusively with cryptocurrency are 1%, while when converting to fiat currency, the fees start at 5%.
Conclusion
A good crypto payment gateway allows to simplify and optimize the processes of crypto payments for both merchants and customers. With its help, merchants can significantly extend the boundaries of their businesses as well as the customer base, so it is necessary to approach the choice of such a service wisely. The best payment gateway should have not only competitive fees, wide functionality, and ease of integration, but also a readiness to accommodate client needs and offer customized payment solutions.