The Crypto payment gateway is used for the online transfer of money using different currencies. It has made the online transfer of money easier and faster. This gateway accepts transactions in different currencies such as Bitcoin, Ethereum, Doge, Lite coin, Tethered coins, and Stable coins.
Different kinds of crypto payment gateways are available but according to the demand, the digital wallet can support a single currency as well as multi-currencies. It provides its customer the facility to make crypto payments using QR code, NFC, and URL for their convenience. It is mostly used because it completes transactions in a few seconds. Mainly two types of crypto gateways are used for businesses which are as follows:
- DeFi crypto payment gateway
- Multi cryptocurrency payment gateway
Their detail is described below:
DeFi crypto payment gateway:
DeFi crypto payment gateway provides full control over the funds (using private keys ) to its users. This payment gateway provides higher security to non-custodial characteristics to its users. It takes great care of your privacy and keeps your transaction private (means it does not share your information with a third party).
Multi cryptocurrency payment gateway:
The specialty of this payment gateway is that it helps its users, by providing them the permission to use different currencies for the transfer of money and can also accept the transaction in different currencies such as Bitcoin, doge, etc.
What are the features of a crypto payment gateway?
These are some main features of this payment gateway.
- Peer-to-peer transaction:
You can directly pay to merchants, retailers, and businesses because of a peer-to-peer system by using this payment gateway. Its fastest speed of the transaction provides the two main advantages; first speedy transaction and the other is secure access to this payment gateway.
- No intermediaries:
This feature is beneficial. It does not allow third-parties to interfere in your payments. And you can directly pay to the person who wants to pay.
- Cross-border transactions:
This payment gateway allows you to made transactions across borders within a few seconds. So, with its faster speed of transaction, you can make complete payments on imports and exports. This payment gateway is very beneficial for all businesses (whether it is small or large ).
- Real-time exchange
As we all know that the marketing value of the currencies can rise or fall quickly. In such situations, this real-time exchange feature is very beneficial because it makes the payment gateway capable of converting coins into fiat at any time when you need it. It provides you with a live price chart and all other information related to the crypto market on the platform.
- Operating system compatibility:
The Decentralized payment gateways are fully attached with different operating systems such as Android, iOS, and Windows. Merchants don’t need to set up their devices to merge the payment gateway into it.
- Auto Settlement option
With this auto-selection feature, you can easily connect your payment gateways for the exchange of your transaction into mainstream currencies, stable coins, or fiat.
Popular Crypto payment gateway:
There are many crypto payment gateways. Some of the popular crypto payment gateways are:
- Coinbase
- NOWPayments
- Blockonomics
- Coingate
- CoinPayments
Benefits of using crypto payment gateway:
Following are some advantages of using crypto payment gateways:
Freedom from chargebacks:
It provides you freedom from chargebacks. So this payment gateway mostly attracts that person who owns high-risk businesses.
Instant processing:
Crypto payment processing is very fast. It takes a few seconds for the transfer of payments. It also provides you the facility to convert crypto into fiat anytime.
