Many small businesses are looking for ways in which they will be able to accept cryptocurrency payments. The awareness about cryptocurrency merchant services is quite limited. As a result, businesses do not actually know how to accept the cryptocurrency payments. On the other hand, the awareness about cryptocurrency among the consumers is increasing. Many consumers have invested in cryptocurrencies. That is why it comes as no surprise that consumers are looking to find more and more businesses that are ready to accept cryptocurrencies.
We will today share with you some of the ways in which you can actually accept cryptocurrency as payment.
Mobile wallets are one of the best options which you have got if you want to accept cryptocurrency from consumers. The Mobile wallets will provide you with the QR code. The consumer just has to scan the code and they will be able to send you the payment. The procedure is pretty simple and just works like any other normal Fiat currency wallet. You can try out the wallet from Coinbase. Coinbase is the most popular cryptocurrency exchange. As a result, it is not only tested but will help you in accepting cryptocurrency payments quite easily.
Point of sale machines:
Coinkite offers you a stand-alone point of sale terminal through which, you will be able to accept the cryptocurrencies. It is truly decentralized. It will operate on the android operating system. COinify also provides you with the point of sale solutions which will be using the blockchain technology. It offers you online as well as physical location solutions. As a result, you will be able to place the device at the point of sale. BitPay is another company which allows you to accept Bitcoin payments. It can help you in setting up Bitcoin acceptance with the help of API in the same point of sale systems. As a result, you will not have to necessarily invest in new point of sale systems. When you are able to integrate cryptocurrency payment into the same point of sale system, you can be sure that there will be no need for overall of the entire system. This will save you a lot of effort and money in the longer term.
Thus, if you’re looking to accept cryptocurrency payments, it is important to look into these 2 options. With the help of these 2 payment solutions, it will become easier for you to start accepting cryptocurrency payments for your business. Keywords: how to receive bitcoin payment, bitcoin payment gateway, how to accept cryptocurrency as a business, cryptocurrency payment platform, bitpay, who accepts ethereum as payment, coinbase commerce, coinpayments
7 Popular Bitcoin Payment Gateways For Merchants
Q: Are you running any online or offline business?
Q: Are you accepting Bitcoin as payment for your services or products?
If the above two questions and answers sound like you, then you are making a big mistake. You should immediately start accepting Bitcoin as a method of payment.
For the uninitiated, Bitcoin is the “currency of the internet”, and it is gaining fast adoption worldwide.
Bitcoin is a groundbreaking invention of computer science led by Satoshi Nakamoto which lets merchants accept payments 365/24/7 anywhere in the world.
Those of you who don’t know about this revolutionary digital money should read this guide:
Merchants who are running an online business on WordPress or Shopify or anything similar online platform can now start accepting Bitcoin.
But Bitcoin is not only limited to online businesses… offline business should also start accepting Bitcoin as payment.
To do this, you will need to know about Bitcoin payment gateways for merchants. These make it possible for your business to start accepting Bitcoin.
So today, I will tell you about those Bitcoin payment gateways that will make your life easier when accepting Bitcoin.
Top 7 Bitcoin Payment Gateways For Merchants
BitPay is a leading Bitcoin payment processor based out of the US since the early days of Bitcoin in 2011.
With the BitPay app, you can accept Bitcoin as payment for more than 40 integrations with popular e-commerce platforms and point-of-sale systems as well as convert it into 8 fiat currencies for bank deposits in 38 different countries.
There are also lots of other features.
Coinbase is one of the world’s biggest Bitcoin exchanges. But apart from trading Bitcoin on Coinbase, you can also use it for accepting Bitcoin payments for your business.
Coinbase has a merchant app for businesses to start accepting Bitcoin where you can accept payments in Bitcoin and instantly convert it into fiat to save yourself from price volatility.
There are a variety of options for both offline and online businesses to start accepting Bitcoin via Coinbase merchant solutions.
Currently, Coinbase is only available in limited countries, so don’t forget to check that your country is on this list before choosing Coinbase.
CoinGate allows your business to accept Bitcoin/altcoin payments and receive payouts in EUR, USD, or BTC.
It provides a wide range of solutions for various types of business needs like plugins for E-commerce, APIs, and point of sale applications with payment buttons for different platforms such as web, Android, and iOS.
It also supports altcoin payments with ShapeShift integration.
You can see this example of an e-commerce platform to see how Bitcoin/altcoin payment integration will look in real time.
Blockchain.info is one of the oldest Bitcoin wallet players in the crypto world. They also provide Bitcoin payment APIs for personal or business purposes.
But the process is not so straightforward because they don’t have ready-to-use plugins yet. That said, they are one of the best and most trustworthy solutions for merchants.
If you have some programming language knowledge, you can integrate their payment processor for free which gives you access to their free Bitcoin wallet.
SpectroCoin is another Bitcoin payment gateway for merchants based out of Europe. They have a decent customer base and provide a variety of options for businesses.
They aim to create alternative payment options for customers and businesses around the world with their ready-to-use solutions such as e-commerce plugins, Bitcoin payment processing APIs, and other payment integration tools.
Currently, SpectroCoin supports withdrawals in these countries with these fee schedules.
GoUrl is an open-source project that provides unique Bitcoin payment solutions for its users. It is based out of the Commonwealth of Dominica and provides ready-to-use plugins for E-commerce and APIs along with free customer support for GoUrl payment integrations.
Read about businesses that are using GoUrl Bitcoin payment solutions, and see their pricing structure.
CoinsBank is a Bitcoin payment processor, wallet provider, and exchange based out of the UK.
It doesn’t matter whether you are running an offline or an online business because, with CoinsBank, you can use their instant merchant invoice management app that lets you receive payments in bitcoins.
Also, you can receive withdrawals in various fiat currencies according to this fee schedule of CoinsBank.
Benefits Of Accepting Payment In Bitcoin
Accepting Bitcoin as a method of payment gives you the following benefits:
Your business gets an alternative trustable payment method that works 365 days and 24/7.
You can receive cross-border payments which you can track in real-time.
Your business gets a worldwide customer base
Your business gets more profits, fewer fees, fewer credit/debit card chargebacks, and less fraud.
It gives your business an option to keep some amount of your profits in BTC as an investment option. This could help your business in the long-term.
Last but not least, you and your business get the freedom to ‘Be Your Own Bank (BYOB)’.
So that’s all from my side in this article.
I will keep updating this list of Bitcoin payment processors as I can verify them (there are many out there). So keep an eye here on CoinSutra!
Now it’s time to hear from you: Which Bitcoin merchant app you are using? How has your experience been? Did I miss any major players in this list? Do let me know your thoughts in the comments section below!