The explosive development of cryptocurrencies has caused a shift in how traditional companies and retailers think about digital assets. Many businesses, rather than focusing on the challenges associated with accepting cryptocurrency payments, are attempting to establish appropriate cryptocurrency gateways because they are motivated by the ongoing hype surrounding cryptocurrencies. It should go without saying that the rise of retailers that are open to cryptocurrency has increased the amount of pressure that is being placed on payment gateways that accept cryptocurrencies to streamline their operations and provide functionality that is comparable to that of traditional payment systems.

The following is a list of the top five most popular crypto payment gateways, along with the key features that each one offers, in order to assist you in selecting the ideal one for your needs.

What to Look for when choosing a Crypto Payment Gateway

It is feasible for cryptocurrency to be paid for using third-party channels. After all, you are making use of technology that was developed specifically for transactions made between peers. In order to be valuable, crypto payment gateways need to supply merchants with something that they are unable to get just by exchanging wallets with one another.

Below are some things to search for in a crypto payment gateway:

– Integration;

– Support for multiple currencies;

– Reputation;

– Price;

– Protection against volatility.

Top 5 crypto payment gateways

1. CryptoProcessing.com

CryptoProcessing.com will help businesses grow by consolidating crypto services of all kinds in one location. CryptoProcessing.com is compatible with 20 different cryptocurrencies, and all crypto payments go smoothly.

There are no monthly or startup fees, and the service charges only a 0.8% transaction commission. This percentage can be decreased even more by using the platform’s native token or participating in the Ambassador Program.

Additionally, the processor offers a high degree of customisation through a variety of payment tools – options such as invoicing, payment links, channels, and plug-and-play making the solution suitable for those seeking a tailored approach.

2. SpicePay

The Spicepay sales feature is unusual in that it enables sellers to withdraw money in bitcoin via PayPal and even debit cards, in addition to regular bank transfers. Removal of cash may be done in US dollars or euros. However, payments in euros are slower than some of the quicker exchanges, and also can last up to 24 hours.

Spicepay assesses a one percent fee, regardless of the kind of transaction, to all of its users; however, for a short period, new sellers are entitled to free transactions.

If your company relies significantly on PayPal to process payments, then you should definitely look into using this platform.

3. BitPay Wallet

For almost a decade, BitPay has been active in crypto payments. It has an amazing customer roster that includes the American Red Cross, Take-Two Interactive, and Shopify. As a sophisticated cryptocurrency payment service, it supports not only retail payments, and also payouts and bills.

Because the BitPay wallet is non-custodial, you are now the sole owner of your private keys and assets. This approach gives you total control over your finances, making it nearly impossible for someone to illegally use your funds.

4. Coingate

Coingate has almost 200,000 registered users. As a result, it is one of the most popular crypto payment gateways. It’s worth emphasizing that Coingate’s popularity is due to its ease of usage. Merchants may use the platform to install and track crypto transactions on their sites. There are over 40 supported coins, and it is now possible to design crypto payment buttons on business websites.

In addition, Coingate has a one percent commission fee for sales. After receiving their money, merchants are exempt from paying any further fees associated with SEPA transfers or Bitcoin payments.

5. NOWPayments

The ChangeNOW team launched NOWPayments, a well-known crypto payment processing service. The platform has cheap transaction costs and accepts over 100 coins for real-time payment acceptance.

NOWPayments provides a non-custodial service, which means they do not keep or store monies in their database for you. Their API can accept numerous payments for a single order and send quick alerts. You may also simply connect the program with popular CMS platforms like WooCommerce, OpenCart, and Magento.

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.