When companies decide to accept Bitcoin payment, they need to settle on the exact way they plan to do it. Of course, companies can feature Bitcoin payments without any assistance from third parties by simply using their crypto address, yet such an arrangement may entail a variety of downsides. This is why the majority of businesses opt for ready-made solutions offered by numerous companies. Here are the top 15 Bitcoin gateways that companies can use to accept crypto payments in 2022.
Key Points:
- Bitcoin payments are quick and private.
- There are numerous Bitcoin payment gateway services on the market.
- NOWPayments and Binance Pay are among the most popular solutions for featuring Bitcoin payments.
What is Bitcoin payment gateway
A Bitcoin payment gateway is a payment-processing solution used for processing Bitcoin and other cryptocurrencies. It is similar to any standard processor that all banks use. Essentially, by using a Bitcoin payment processor, you will be able to accept Bitcoin as a payment.
Why businesses accept Bitcoin
It is the biggest crypto
One of the main reasons why companies choose to accept crypto payments is the fact that cryptocurrencies are extremely popular and getting more widespread every minute. Basically, cryptocurrencies are a trend that no respectable businesses should miss out on. Subsequently, Bitcoin is the most popular cryptocurrency on the planet, so when companies choose a coin to accept as a payment method, they usually opt for Bitcoin. This is why businesses that are only considering an option of crypto payments should definitely deploy a Bitcoin payment gateway first. Such a strategy will enable them to achieve competitive parity with the Bitcoin-powered businesses. Moreover, since Bitcoin is so popular, it has the largest number of holders willing to spend their coins on actual products and services.
It offers anonymous payments
Another feature of Bitcoin which is particularly valuable for businesses is its privacy. Essentially, all Bitcoin transactions involve only two parties, the sender and the recipient. As a result, no third party interferes in the transactions of the Bitcoin users. This enables the network to establish relative anonymity on the Bitcoin blockchain. Additionally, no identity disclosure is required to use Bitcoin. So, when two users engage in a transaction, no third party can pinpoint the information about this transaction to their names. Thus, Bitcoin is a perfect fit for the role of a private payment method that many businesses lack and numerous customers would like to use.
It is borderless
Finally, Bitcoin is also ideal for conducting international payments. Businesses that have foreign clients know for certain that international money transfers can cause a lot of problems. The main issue with international money transfers is the speed since they may take days to reach the recipient. Bitcoin transfers, on the other hand, are fast and take mere minutes irrespective of the distance between the two parties. So, Bitcoin can be offered by businesses as a universal and fast international payment solution.
Best Bitcoin crypto gateways for 2022
NOWPayments
NOWPayments is the Bitcoin gateway provider which offers products which are both efficient and inexpensive. Businesses that use NOWPayments have access to a variety of tools that can help them to accept Bitcoin and more than 100 other cryptocurrencies. By using NOWPayments, businesses can deploy a BTC payment gateway which will be convenient and easy to use for both them and their clients. Online businesses can use plugins that are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Moreover, businesses also can utilize crypto invoices and a virtual Point-of-Sale terminal. Subscription-based businesses can employ the subscription tool. The fees for NOWPayments’ services start from as little as 0.4% per transaction.
Coinbase
Coinbase is a crypto exchange which has more than 89 million verified users and 185,000 ecosystem partners in over 100 countries, as well as provides 11,000 institutions with its services. Coinbase is the ultimate place for crypto owners to spend, invest, save, earn, and use their cryptocurrencies. Coinbase also offers Bitcoin payment processing solutions to businesses that want to accept cryptocurrencies such as Bitcoin as payment. By using Coinbase, merchants can bill their clients in Bitcoin. Additionally, Coinbase has extensions for Shopify and WooCommerce merchants that wish to integrate Bitcoin payments. Basically, Coinbase is a reliable service for accepting crypto payments, yet you will need to verify your identity to use it.
Blockonomics
Blockonomics is a service which focuses strictly on the provision of tools for featuring Bitcoin payments. By using Blockonomics, companies can accept Bitcoin payments in their eCommerce stores. The money from each online sale is deposited directly into the company’s wallet. Moreover, Blockonomics does not require KYC documentation. As a result, you can set it up in less than 5 minutes. Another feature of Blockonomics is Bitcoin Invoices, which merchants can send to their clients in fiat and then get paid in Bitcoin. The invoicing tool ensures that the merchant is paid the correct BTC amount.
Coingate
Coingate enables businesses to accept Bitcoin and more than 70 other cryptocurrencies. Coingate has its own unique features compared to the competitors. After registration, merchants can start sending crypto bills immediately without spending any additional time on setup or coding. To create and send an instant bill, the company only needs to add a payer’s email address and set the amount and currency it requests to receive. At the same time, Coingate has a relatively high processing fee of 1% per transaction. Such a fee may not be appropriate for smaller businesses, considering the fact that there are much more inexpensive alternatives on the market.
CoinPayments
CoinPayments is another notable crypto payment processor. The company serves more than 100,000 merchants globally. The service has processed over $10 Billion in crypto payments since 2013. CoinPayments offers an extensive selection of tools for featuring Bitcoin payments. For instance, it has prebuilt plugins for all the major eCommerce platforms, including Shopify, that can help merchants to set up their Bitcoin payment gateway in minutes. CoinPayments has a mobile app that lets businesses manage their account wherever they are and at any moment. Businesses seeking custom solutions also may integrate CoinPayments’ payment API into their infrastructure.
BitPay
BitPay was launched in 2011, so it is one of the pioneers of blockchain payment technology. BitPay wants to transform how businesses and people send, receive, and store money around the world. BitPay features several Bitcoin payment products. For instance, businesses can use crypto payments with email billing. Additionally, BitPay has a special solution for companies that sell NFTs for crypto. Businesses that send crypto themselves also can utilize BitPay tools to do it. BitPay shields businesses from price volatility by instantly converting crypto to a fiat currency of the client’s choice.
Plisio
Plisio allows companies to boost their business by using Bitcoin payments. Plisio has a transparent approach to fees. There are no monthly setup or hidden fees. Plisio only charges one fee of 0.5% per transaction. Yet, businesses with a higher turnover rate can get their personal plans. Plisio is also perfect for businesses that send cryptocurrencies, and by using Plisio, they can pool together up to 1000 transactions and thus save up to 80% on fees. Plisio has custom solutions that businesses can integrate to fit their particular needs and requirements.
OpenNode
OpenNode is committed to building the best payment infrastructure today without compromising tomorrow. The company believes that Bitcoin is the future of digital payments and therefore facilitates the process of its adoption. OpenNode serves clients in more than 120 countries across the globe. Currently, the company has more than 14k registered users. OpenNode offers several options when it comes to payments. For instance, merchants can deploy a reliable Bitcoin payment rail for their eCommerce branches. There are also in-person payments that enable businesses to turn any device into a functional Bitcoin payment terminal for in-person Bitcoin payment acceptance.
CoinsBank
CoinsBank is an all-in-one BTC payment processor. CoinBank has different products, including its wallet, cards, exchange, mobile app, and solutions for merchants. CoinsBank enables companies to offer their customers the world’s fastest, safest and cheapest payment option. Businesses using CoinsBank can connect to Bitcoin, the world’s first borderless payment network. They can receive payment in any amount, from anywhere in the world, from any computer or mobile device. CoinsBank has flexible payouts settings, including an easy setup for conversion, payouts based on time period, or the accumulated amount in cryptocurrency or major currencies.
SpectroCoin
SpectroCoin is the place where you can buy, sell and exchange popular cryptocurrencies. Get a personal VISA debit card and a dedicated IBAN account. Moreover, SpectroCoin even allows users to take a crypto-backed loan. At the same time, SpectroCoin enables businesses to accept crypto payments. Businesses can issue custom pre-order forms, which can be set up without any integration. There are also Point-of-Sale URLs that allow businesses to let their employees accept payments without having access to the account. Additionally, SpectroCoin merchants can accept Bitcoin payments by adding a payment button that they can customize.
SpicePay
SpicePay’s blockchain payment platform provides an easy, low-cost way to accept online payments in Bitcoin and other cryptocurrencies and transact with anyone, anywhere. SpicePay lets merchants withdraw payments in USD, EUR, GBP or CAD, or cryptocurrency, manually or automatically. They can use tools on the merchant dashboard to set their automated exchange preferences. The selection of ways that SpicePay merchants can utilize to set up Bitcoin payments is impressive. They can rely on buttons, iFrame, hosted pages, email invoices, open-source plugins, and payment APIs. Yet the processing fee charged by the service, which is 1% per transaction, can be too high for some businesses.
Triple A
Triple A is one of the notable Bitcoin payment solutions providers. Merchants can integrate TripleA’s crypto payment gateway with their online stores in several clicks and attract new customers worldwide. TripleA is registered as a Money Services Business by the Financial Crimes Enforcement Network, a bureau of the US Department of the Treasury. Triple A lets merchants accept cryptocurrency in brick-and-mortar stores directly with a mobile device and special POS machines. Settlement is done in local currency to remove volatility risk and automatically gets transferred to your bank account. Triple A builds crypto solutions based on the retail needs of their clients and adapts them to merchants’ existing technology.
ALFAoins
ALFAcoins is a modern, multi-functional and secure electronic payment system. ALFAcoins is a reliable payment processor which has been providing services since 2013. ALFAcoins is working with all legal business entities. Nowadays, apart from Bitcoin, ALFAcoins supports cryptocurrencies such as Bitcoin Cash, Litecoin, Ethereum, Dash, ERC-20 Tether, XRP, and others. ALFAcoins main purpose is to make cryptocurrency payments easy and safe for businesses. The fee charged by ALFAcoins is 0.99% per transaction. Yet, merchants can choose who will cover the fee. Fees can be either included (paid by the customer) or excluded (paid by the merchant) from the invoice.
Confirmo
Confirmo is a Bitcoin payment gateway launched in 2014. Since then, Confirmo has been fine-tuning every detail of its BTC payment system to perfection. The service brings a comprehensive cryptocurrency payment processing solution which is simple to use. The Payout solution by Confirmo enables merchants to automatically send crypto payments directly from available EUR or USD balances. There is an invoicing solution with an expiration of an active invoice set to extend automatically every 5 minutes.
Binance Pay
Binance Pay is a contactless, borderless and secure cryptocurrency payment technology designed by Binance, one of the largest crypto exchanges on the market. Binance Pay lets people shop with crypto or send crypto to friends and family worldwide. At the same time, Binance Pay can be used by merchants. The coolest thing about Binance Pay is that users can transfer their crypto with Zero fees. Binance is one of the most reliable services in the crypto industry, so merchants can be certain about their crypto payments being safe when using it.
Conclusion
Merchants around the world are gradually embracing the trend of Bitcoin payments. Currently, there are a plethora of services such as NOWPayments that facilitate the process of accepting Bitcoin.