Accept Algorand Payments

Algorand allows users to conduct instant, cheap, and secure crypto transactions from any part of the world. NOWPayments provides businesses with a solution that can help them accept ALGO.
Start accepting Algorand (ALGO)
Accept Algorand Payments
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Algorand Payments

What is Algorand (ALGO)?

Algorand is a unique blockchain which relies on its own protocol called “Pure Proof-of-Stake” that seeks to eliminate the flaws inherent to other types of platforms. Namely, Algorand’s approach to achieving consensus on its network is driven by the developers’ desire to minimize the possibility of a malicious attack on the blockchain. To reach this objective, Algorand's blockchain ensures security by randomly and secretly selecting network users to propose blocks, while their impact on the final choice of the block is determined by the size of their stake in the blockchain. Additionally, developers can use Algorand as a platform to build and deploy decentralized applications and finance solutions, as well as issue digital assets.

ALGO is a token that is native to the Algorand blockchain, which means that its primary function is to transfer value within the ecosystem. Moreover, users cannot mine ALGO, instead, they have an option to buy it or receive this cryptocurrency by staking it in their wallets.

Algorand Payment Benefits:

  • Low Transaction Fees
    Algorand conceived its token as a proper means of payment which would not be limited only by the blockchain. Thus, the platform implemented extremely low transaction fees for the coin to make it accessible to millions of people.
  • Speed of Transactions
    Algorand built its system to process large numbers of transactions in a short period of time. That is why a transfer of ALGO takes less than ten seconds.
  • Security
    Algorand guarantees that all transactions happening on its blockchain are secure.

How to accept ALGO coin payments?

ALGO powers Algorand’s blockchain, a platform utilizing a special protocol that significantly reduces the risks of hard-forks and attacks. ALGO is available for purchase at all major exchanges.
ALGO is also popular among vendors as a payment solution. NOWPayments can assist businesses in the deployment of their own ALGO payment gateway:

  • First, you need to sign up for a NOWPayments account. The process shouldn’t take more than a minute!
  • Next, go to Store Settings to enter your wallet address and add a new API key.
  • Paste this API key in the required place for any type of ALGO payment gateway. It can be our widget, button, or invoice module.
  • The integration will be active on your website, and you’re ready to accept cryptocurrency payments.

Featuring Algorand cryptocurrency as a payment method can help businesses attract new clients and be better positioned for the future economy.
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Algorand Payment Methods

Algorand widgets

Algorand widget

Using the ALGO coin to provide payments on your website is as simple as copying the HTML code of our ALGO widget. The widget looks modern, can be customized, and it provides a simple payment solution that doesn’t require users to leave the website.
Algorand buttons

Algorand button

If widgets are not your thing due to their size, feel free to try our ALGO payment buttons. Just copy their code anywhere on your website and feel free to change the image according to your preferences. Once a user clicks the button, they will be taken to our page to provide the payment information. It’s the perfect solution for a Checkout with ALGO button!
Invoices

Invoices

ALGO invoices are popular among companies and individuals alike. With NOWPayments, creating and managing ALGO invoices is a breeze, and we offer simple integrations to your workflow.
API

API

NOWPayments provides you with a reliable API that takes just a few seconds to start. All you need is just sign up, specify your outcome wallet, and generate your personal API in a click.
Plugins

Plugins

If you own an online store built on some of the major e-commerce platforms, we have simple payment plugins for you! This includes WordPress, Shopify, WooCommerce, Magento, OpenCart, and others. E-commerce owners now have a plugin that will integrate easily and expand the number of checkout options on your online store.
Accept Algorand Payments

Frequently Asked Questions

The service is fee is one of the lowest available and it depends on your discount. It goes up to 0.5%. To keep our service available to holders of many cryptocurrencies, we enable automated crypto conversions. If there is such a conversion involved during the transaction, our exchange partner can also charge a fee of up to 0.5%.
With the exception of several coins, the minimum payment varies between $3 and $5. The minimum amount varies based on the transaction pair involved. However, we work to provide the best possible service, and we try to lower these amounts whenever we can!
Yes, we do! A whole lot of them, actually, We also keep an eye on the crypto market and add support for new coins you can use to receive payments on your website! Even if certain coins aren’t officially supported by NOWPayments, we often use automated exchanges to make sure your customers don’t leave your website because the coin is not supported! To use other cryptocurrencies instead of Algorand, navigate here and choose a supported coin from the list!
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Still have any questions?

Contact us: [email protected]

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