The decision you made to incorporate an online payment system that accepts cryptocurrency into your site was a wise one.
It is crucial to have a cryptocurrency payment gateway in place for your business if you are involved in international or domestic transactions.
What happens if you utilize the Crypto Payment Gateway on your site?
The Cryptocurrency Payment Gateways are the networks which allow companies to accept crypto currencies like Bitcoin Cash, Litecoin and Bitcoin Cash as a method of payment.
Wherever the business is, customers can purchase products and services.
Merchants who accept crypto payments can be free of the issues that traditional payment methods face such as high costs as well as identification requirements and the possibility of delays.
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The reason why crypto payment gateways are beneficial for business?
The ability to allow your customers to pay with crypto-coins offers numerous benefits. Here are a few of them:
It’s secure and the buyer has total control of their transactions.
The new payment method is now available to all customers.
This will position your business as one that is innovative.
Beware of chargebacks when paying with a different method of payment.
Gain access to new customers who want to purchase items and services with cryptocurrencies.
You are now aware of how beneficial it is to your company. Your company will grow and will attract more customers.
The question is which payment method should you select?
We’ll highlight the five top cryptocurrency payment gateways in 2020. We’ll also recommend the one that is best for you.
Top 5 cryptocurrency payment gateways for 2020
1. Coinremitter:
Coinremitter is one of the most well-known cryptocurrency payment gateways in the world, offers top services to clients and merchants all over the world.
It has more than 25000 active users and it has a strong relationship with them.
Coinremitter is a Bitcoin processing service that has processed more than 5 000 BTC. The transactions are processed every hour.
Accepting Bitcoin, Litecoin Dash Coin Bitcoin Gold and other popular and secure cryptocurrency.
The APIs are completely free and work with all popular and powerful plugins, including Laravel CorePHP WordPress as well as many more.
Coinremitter gives you the advantage of not needing to undergo KYC or ID checks, etc. Everything is fine.
There are other options like currency swaps and digital invoice. But the most important benefit is that they charge just 0.23 percent for transactions.
It was designed to offer the most efficient and simple service.
2. Coingate:
CoinGate, a brand new cryptocurrency payment gateway, provides an array of merchant choices.
The interface is easy to use and allows merchants to sign up and start accepting crypto payments immediately.
The company assists in the development of an application that is controlled by the client to swiftly pay for crypto transactions.
CoinGate is a payment processor that allows merchants and consumers to accept and use cryptocurrency-based payments.
The crypto-payment gateway can support more than 40 cryptocurrency. Merchants can expand the number of payment options through the use of this.
Coingate is charged a fee of 1% for transactions that average 1 hour to complete.
3. Bitpay:
Bitpay is a technology for finance business based in the US. It’s a bitcoin-based financial system that is used by business owners across the world.
The company makes use of a technology that is based on blockchain technology that allows sellers to accept and pay for cryptocurrency coins. The payment system makes use of cryptocurrency.
Bitpay allows merchants to reach an international audience and meet their requirements. It also safeguards them against fraudulent transactions.
The blockchain technology worldwide gives sellers total control of their assets. Bitpay provides its customers with a quick and easy delivery.
BitPay accepts bank transfer in 38 countries This is the only disadvantage.
4. Coinpayments:
CoinPayments Another popular cryptocurrency portal is devoted to online retailers. Transfers can be done using various coins, which include Bitcoin, Ripple Bitcoin Cash and the Litecoin.
CoinPayments lets you make instant payments as well as a wallet you can access at any moment to monitor your spending.
A multi-coin wallet is available, offering top-of-the-line security.
Gift certificates can be bought by retailers to encourage their customers to use crypto-coins in order to purchase goods or services.
CoinPayments provides a variety of pre-built plugins, such as AMember, Arastta and WooCommerce.
The platform is accessible for both iOS as well as Android and the cryptocurrency revolution will not be missed.
5. GoURL:
GoURL is a financial online service that is based in Dominica. The charges for GoURL vary from 3.5 percent to zero.
The gateway provides its merchants with an alternatives to traditional gateway system. The payment process is done without having to go to an external site.
GoURL’s platform makes order management easier by providing an easy breakdown of the payments. The transaction can be completed in less than 30 seconds, and the transaction is extremely secure.
Monetiser Online is a great method to let merchants accept payments in only one click.
The platform isn’t able to offer direct bank transfer which could be a disappointment for certain businesses.
The charges are also quite higher than the other payment gateways that accept cryptocurrency listed on this list.