BitPay: The Best Crypto App to Pay with Crypto + Accept Payments

The price you’re quoting one minute could be out of date a minute later. Some payment gateways offer a price stabilization feature that guarantees you’ll receive the value you quoted at the time of sale. Not every business will want this feature, but it can make your life a little easier. With credit card interchange fees rising, many businesses are looking to find ways to minimize their transaction costs. While crypto gateways generally offer merchants lower fees, NOWPayments are some of the lowest available, Cryptocurrency wallet provided you don’t mind settlement in the same currency you were paid in.

Should You Accept Crypto As A Payment Method?

Back in 2016, you could count the number of Bitcoin ATMs in the U.S. on two hands. And with accept crypto for website the global crypto market hitting a staggering $1.69 trillion at the moment of writing. Just register an account and follow the instructions on a CEXPay dashboard. You can use widgets for simple and fast integration or use our API to add more features.

What is the difference between a crypto payment gateway and a crypto wallet?

All of these factors have helped Bitpay become a top contender to watch. A Bitcoin payment processor is a platform that streamlines Bitcoin https://www.xcritical.com/ payments for goods and services. These systems can come in many forms, including standalone, plugins, and other integrations. This flexibility, combined with growing interests in the crypto economy, has helped drive competition and innovation in the market. If you accept crypto payments, you’ll need a way to keep prices updated in real-time.

What Makes A Good Bitcoin Payment Checkout

We have picked some of the best Bitcoin payment processors for you. Our crypto payment gateway offers secure, low-fee transactions. Whether integrating on your website or developing a crypto powered product, we enable fast, reliable payments for global expansion. Some crypto payment gateways do now offer limited refunding options, but they tend to be very time-limited. Cryptocurrency payment gateways are still payment gateways, after all, so you may as well choose one that offers you perks. These are features, such as invoicing, mass payouts, recurring payments, or accounting functions.

Which Is the Best Cryptocurrency Payment Gateway?

• Additionally, Blockonomics requires no KYC so both you and your customer’s privacy are protected.
• Enable crypto payment gateway with official plugins and extensions for Wix, WooCommerce, WHMCS, and more.
• Additionally, it offers easy-to-use payment links and buttons that can be used on sites that don’t have a plugin available.
• Some payment gateways offer a price stabilization feature that guarantees you’ll receive the value you quoted at the time of sale.
• With Bitcoin, there are no costly intermediary fees or lengthy processing times.
• You can even choose to have a portion of the withdrawal in crypto and the balance in fiat.
• The answer to whether or not you should accept crypto as a payment method depends greatly on the composition of your customer base and, to a lesser extent, your industry.

Some payment gateways are non-custodial, some are custodial, and others give you the option of choosing custodial or non-custodial accounts. In the latter case, a custodial account can minimize your contact with crypto while still allowing you to take payments. But if you want to be sure you own the coins that are paid out to you, choose a non-custodial account. Cryptocurrencies, except for stablecoins, tend to be far more volatile than fiat currency.

Provide clear instructions on how to complete a Bitcoin payment using the payment QR codes or wallet addresses, and address any concerns or questions they may have. Remember to prominently display the Bitcoin payment option on your website to ensure that customers are aware of this payment method. Educate your customers about the benefits of using Bitcoin and provide clear instructions on how to complete a Bitcoin payment to further encourage adoption. All transactions are processed by CEXPay specialists, protecting our partners from any legal obligations. If customers or merchants face some issues or controversial transactions, they can address their cases to our specialist and we will help resolve the issue.

However, it is not direct-to-wallet which creates security concerns. The payment infrastructure instead is just facilitating the ability for the transaction to go through rather than holding the Bitcoin for themselves. Shopify is one of this list’s most well-known and established merchant processors. To put the platform’s size in perspective, the gross merchant volume for the network hit $49.5 Billion according to their Q company reports.

Coinbase offers easy installation through its plugins, available for JumpSeller, Shopify, WooCommerce, and Primer. It is direct-to-wallet and so is very protected against hacks, and privacy is secured through various means such as not having KYC. However, because it requires more set up it can mean that you have to have more security on your personal device. Some companies offer support for an additional fee so make sure to check the requirements before signing up. Protecting your customer’s privacy is just as important as providing a secure experience.

BitPay provides payments buttons, a hosted checkout, and embeddable invoices for your website. Unlike traditional currencies, such as the US dollar or the Euro, Bitcoin is not issued or controlled by any central authority like a government or a central bank. Instead, it operates on a peer-to-peer network where transactions are verified and recorded by participants in the network. Fund locally, pay out globally with the top cryptocurrencies to any wallet.

Join CEXPay and start accepting crypto payments using one of the best bitcoin payment processors on the market. A crypto payment gateway, such as CoinGate, is a service that facilitates merchants to accept cryptocurrencies as payment. It processes the payment, converts it into fiat or other cryptocurrencies, and manages the transaction flow from checkout to settlement. A crypto wallet, on the other hand, is a digital tool that allows individuals to store, send, and receive cryptocurrencies.

BitPay attempts to shield businesses from volatility by locking in the exchange rate at the time of sale. BitPay will then bundle your sales together each business day and deposit your balance in either fiat or one of several cryptocurrencies to your bank account or crypto wallet, respectively. With this system, it’s possible to take a crypto payment but never actually have the crypto pass through your hands unless you want to be paid out in cryptocurrency. As the adoption of cryptocurrencies continues to grow, embracing Bitcoin can provide a competitive advantage and contribute to the long-term success of your business. In summary, setting up a Bitcoin wallet is a crucial step to begin accepting Bitcoin payments.

This option is ideal for merchants who worry that volatility in the market can hurt their returns. Additionally, the network offers privacy-focused processing that doesn’t require you to put forth any personal data. You can set up one-time, recurring, and even subscription payment methods for your followers. These options can be initiated with a click of the mouse and require no coding. Additionally, the network supports QR code payments, which further streamlines operations.

By embracing Bitcoin, you can stay ahead of the curve and position your business for success in the digital age. For businesses that operate physical stores, accepting Bitcoin payments can be done by setting up a Bitcoin payment gateway. A payment gateway is a device or software that allows businesses to accept electronic payments at their physical location. With a Bitcoin payment gateway, you can provide customers with the option to pay using Bitcoin by scanning a QR code or sending the payment directly to your wallet address.

The best part is NOWPayments provides a way to accept payments in a non-custodial way. This puts you in control of all the funds received by your service. Add Bitcoin payment method to existing fiat payment gateways to attract more businesses globally. Our Payment Address offers seamless, reusable crypto addresses for businesses, simplifying payments with quick and secure transactions. And for more traditional payment recommendations, see our picks for the best credit card processing companies for small businesses. PayPal offers crypto merchant payments through its Checkout with Crypto feature.