Content
Big corporations are investing money and manpower in Bitcoin and experts are calling it the future of finance. Yes, you can open a Crypto/Crypto merchant account quickly and easily. Yes, automatic withdrawals are possible via secure API directly to your own or your clients’ wallet. Yes, Tether, USD Coin, Binance USD, Paxos and many other are supported. Our professional customer service team is always available to help with any queries. If you want to receive a callback before receiving blockchain confirmations, you can specify the number of confirmations.
KYT compliance technology makes sure your business ticks all the boxes when it comes to anti-money laundering requirements. An extensive range of currencies are available to users for payment. Our team of experts is available 24/7 to help with technical enquiries and provide practical assistance and guidance whenever it’s needed.
Reasons To Accept Bitcoin Payments
Our sales team is ready to guide you through the whole crypto payments process. That’s why we allow businesses to accept as many as they can, so they wouldn’t miss the gold rush when it’s happening. Overstock uses BitPay plugin to accept Bitcoin as a payment method on its online checkout. Some providers offer even lower transaction fees (CoinPayments is just 0.5%), while others add a network fee on top of the 1%. Potential additional fees include currency conversion fees and withdrawal fees. Join the thousands of businesses already using the world’s leading crypto payment processor.
Learn more about the best payment gateways for small businesses. Such a platform enhances the payment process by reducing the number of intermediaries involved. By using blockchain technology, payments are highly encrypted and are more secure than traditional online payment gateways. Furthermore, global transactions in multiple cryptocurrencies are enabled at a fraction of the cost. Smart contracts also increase the transparency of the process and add a layer of security, providing businesses with peace of mind when implementing a decentralised payment gateway. In addition, users will feel more comfortable and are more likely to use a payment platform if they feel their payments are safer from attacks.
How to Accept Cryptocurrency Payments as a Business
You don’t need to know anything about Bitcoin or technology to use this option. Companies offering such services can even deposit the money in your bank account in your preferred currency once the Bitcoin payment has been made. Once installed, the crypto payment plugin for WordPress by Whitepay integrates with your WooCommerce store, allowing customers to make purchases and complete transactions directly on your website. This eliminates the need to redirect customers to an external payment page, ensuring a seamless and secure checkout process. One of the most significant differences between cryptocurrency and credit cards is the former’s volatile value. While credit cards can also be subjected to currency fluctuations, the regulated nature of fiat currencies makes credit cards a more stable payment method than crypto.
Our payments platform is designed to increase conversion and reduce fraud at every step of the payment flow. Get access to streamlined checkout flows, fraud prevention, issuer-level optimizations, and more so that you can focus on building the next big thing. In the API App setting screen, make sure how to accept litecoin payments to set the CoinGate invoice time to something a little higher than 20 minutes. This is how long your customer will have to send you Bitcoin before the order expires. Cryptocurrency payment gateway, B2BinPay, is one of the main players in this space, facilitating blockchain payments worldwide.
WordPress cryptocurrency payment plugin
One solution to this problem is to quote your prices in dollars and show the Bitcoin equivalent only at checkout where it is updated at real time. BitXatm— A startup from Germany that created Sumo https://xcritical.com/ Pro – a cryptocurrency ATM that incorporates a point-of-sale. The significant disadvantage of this method is that you need to transfer your Bitcoins to an exchange to convert it into dollars.
- Do you need an SSL certificate to be able to securely accept Bitcoin on your website?
- By offering crypto as a payment method in your store, you’re opening up the possibilities of reaching customers you wouldn’t have before.
- I would suggest putting in your website URL in the “Integration URL” field and set a 2% “Underpaid Cover %” in the fields on this page as well.
- With so many options available, is it really prudent to go for Bitcoin?
- Bitcoin and cryptocurrency payments are being accepted at various online shopping centers and institutions.
- Features include no recurring fees or hidden charges, low processing fees of 0.5%, downloadable reports, real time balance and transaction history and secure checkout.
- Anna is a retail expert writer for Fit Small Business with over six years of evaluating dozens of software for small business.
Bitpay allows you to accept crypto payments in BTC, ETC, ETH, XRP & LTC. A lot of small businesses have to set a minimum for debit/credit card purchases because of the fees which range from 2% to 5% of the transaction total. Bitcoin transactions dramatically reduces this transaction fee. A rising number of commerce-specific hardware point-of-sale solutions have come to market ever since the Bitcoin started gaining in popularity. These services provide you with an electronic gadget that you can use at the checkout counter to process Bitcoin payments. Fiat settlements straight to your bank account via Swift and SEPA payment methods.
Build your crypto business with Stripe
Bitcoin payments are as easy as regular credit card payments. Those businesses that have already implemented Bitcoin as a payment method enjoy fast, secure, and cheap transactions. Bitcoin payment is an option that allows merchants to accept Bitcoin in exchange for their goods or services. Bitcoin is the first digital cryptocurrency, created in January 2009. Its launch marked the beginning of the era of decentralized, peer-to-peer payments.
With the help of CoinGate we have increased our conversion rates and attracted more customers who value privacy and prefer crypto payments. You can integrate your crypto wallet on your website and enable it as a payment option in the checkout process. When choosing your crypto wallet, consider which types of cryptocurrencies it works with. Bitcoin is by and large the most popular cryptocurrency, with 75% of crypto owners owning some form of this currency. Other players are also emerging; the more currencies you can cover, the more sales you’ll likely capture. You should also consider the level of crypto/bitcoin payment security that wallets provide.
The Most Effective Ecommerce Lead Generation Tips and Strategies
However, there is still a general lack of clarity related to the payment methods available for Bitcoin. If you own a business that provide a service, you might need to send invoices to your customers. They generate an invoice with your receiving Bitcoin address and a QR-code. You can mention the dollar amount and the suggested Bitcoin amount on the invoice.
Ready to get started?
We offer hassle-free integration of cryptocurrency payments into your system through API. With increasing bookings now made online, it makes financial sense to accept crypto payments. Reap the benefits of the huge online market by accepting crypto payments. Accepting crypto payments in WooComerce can attract new customers who prefer digital assets. If you’re using a centralized cryptocurrency exchange the process is the same as above (ie. find your Bitcoin address and provide it to the sender). When you receive Bitcoin to a centralized exchange, however, you’ll have to wait for the exchange to acknowledge it has received the bitcoin and reflect the receipt in your account.