The previous year has seen a lot of extremities in the crypto world, however, there’s no denying the practical used cases surrounding Blockchain technology lately.
If you’re a merchant or a business owner thinking of accepting crypto as a payment method for your merchandise, try looking for what gateway professional traders use. One of the easiest way to access professional traders is by crypto signals telegram group. You’ll find all the info there.
Let’s have a look at the best crypto payment gateways available in 2022-
Coinbase Commerce
It is by far the largest crypto exchange in the world. Coinbase has a ton of useful features making things easy for you and your customers. Coinbase is the most reliable exchange as it is at par with U.S currency exchange laws. This is necessary considering the unregulated and volatile nature of decentralized currencies.
Coinbase provides bitcoin payment gateways for merchants. If you work with platforms like Woocommerce or Shopify, you’re in luck! Coinbase is already compatible with the two.
With Coinbase commerce, you need not create a new address for each currency every time to receive payments. The payment you ought to receive gets reflected immediately once the consumer pays you.
Coinbase also aids in quick conversion from bitcoin to fiat without the need for any withdrawal request from your end. Also, for the first $1 million worth of transactions, Coinbase charges you zero fees. Post that the merchant fee is a mere 1% on every transaction.
Payments will settle in your bank account in 2-3 business days, making it a great pick for any sized business. However, the only Coinbase drawback is the gateway functionality- which is not available worldwide.
BitPay
Founded in 2011, this crypto payment gateway is headquartered in Atlanta, Georgia. Business giants like Microsoft and Twitch are among its many blissful users.
Bitpay’s crypto payment gateway system is simple, yet robust and revolves around the QR code invoicing method. However, that’s not all! As soon as a consumer makes a payment, Bitpay locks in the crypto value at the very moment of the sale, securing your business from the harsh volatile nature of decentralized currencies.
It will wrap all your sales for each business day and deposit it to your bank account either in fiat currency or one of many cryptocurrencies according to your preference.
Currently, Bitpay supports 12 currencies and bank deposits in 37 countries worldwide, while crypto settlements in over 200 countries.
“Did You Know?
Bitcoin as a legal tender was first accepted by El Salvador, and tech giants like Tesla started accepting the meme coin Doge as a payment option.”
GOCoin
This platform allows online and retail merchants to accept payments in the form of cryptocurrencies. Founded in 2013, GoCoin operates as a B2B corporation headquartered in Singapore.
It has a user-friendly and fairly intuitive UI, which makes it a popular choice among new merchants. Besides, it has a plethora of plugins which makes it flexible to be used on most purchasing sites, including Shopify and Woocommerce.
GOCoin’s 24/7 customer support is top-notch, making it an easy recommendation. All settlements are in US dollars and it charges a merchant fee of 1% on all transactions.
Unlike Coinbase commerce, it is supported in many countries worldwide. Organizations like Tesla Motors and Cozy Games are among the many merchants who prefer and use this platform.
To Conclude
So it’s a no-brainer that crypto payments are the “next new normal.” Picking a cryptocurrency payment gateway shouldn’t be daunting now. However, before making a snap judgment, we recommend to you research further on each of the options mentioned above.
Though we have done all the legwork for you, you can take a step further and go through their terms and conditions before making that crucial final judgment.