Best Bitcoin Payment Processors (Gateways)
Over the past few years, we have seen quite a huge shift in the cryptocurrency market. In fact, the industry has grown rapidly, evolving to offer enhanced features. This has also paved way for crypto payment gateways, the most popular being bitcoin payment processors. But, what are crypto payment processors?
Well, these are online payment platforms that help companies to accept crypto payments. Just a few years ago, crypto payment processors were few and not that popular. Now, you will find quite a number of them on the market. Because of that, it’s important to choose the best one that is fast, secure, and offers other great features.
If you are looking for the best bitcoin payment processors, then you have come to the right place. Listed below are a few great options that you should consider.
What is a cryptocurrency payment processor?
A cryptocurrency payment processor is a perfect place for bitcoin acceptance in bitcoin. Yes, there are many altcoins out there that seem to be posing competition but bitcoin continues to be that dominant crypto. Remember, the crypto market is very volatile meaning that traders can experience a boom and a recession.
Bitcoin once hit a 45% fall in 2017, a perfect example indicating the level of volatility encompassed in the crypto market. Bitcoin, among other hosts of cryptocurrencies, is a bit stable and can resist any amount of volatility.
The level of volatility has also given rise to efficient bitcoin payment processors which are fast ways to translate bitcoin into fiat. Check out a host of tools and appropriate processes that make payments automatic. You do not have to wait for long before a transaction is completed.
Why your business needs a Bitcoin payment gateway
As we have mentioned in the introduction the crypto way of business is changing shape, evolving, and attracting many investors Businesses should have bitcoin payment gateways because they are fast They are totally different from traditional payment points from traditional banks. The level of speed is exceptional and Bitcoin payment gateways are perfect for huge internal payments.
If you were expecting an hour’s wait, expect a minute’s timelines. The system is modern and well advanced to cater to the global crypto way of business. Crypto traders have been crying aloud on the existence of chargebacks. In bitcoin payment gateways, they do not have a chance because the whole process is perfectly guarded by blockchain.
Blockchain prohibits reverse transactions. Remember, traders when making payments use private keys and these make payments irreversible. Gambling and iGaming sites have adopted the same payment system and they are actually bearing fruits.
Best crypto payment processors
We have touched on the basic know-how of Bitcoin payment gateways and their definitions. Now, let us look at the exact payment sites that have been calling the shots in 2021.
CoinBank is well known for its user-friendly interface which has and continues to attract many investors across the world. The site is compatible with iOS and Android smartphones including desktops and tablets. If you are an exciting bitcoin trader from Europe, you can use GBP or EURO. Those in the States have a fair chance to use USD. CoinBank has a compatible application that is official.
The application contains clear settings and options that enable traders to pay up huge sums of bitcoin. Customer Services Departments are available all day long, 24/7 meaning that users can access the official website and get instant help.
Check out how you can make your way through the live market, a vibrant system for traders who would have had limited by open, close, and mid-markets. CoinBank is guarded well by a 2FA authentication system. It is very effective and you can expect maximum results from the privacy package. If you have an inquiry or query, access the helpline platform.
Second, on our list of bitcoin payment gateways is AlfaCoins. AlfaCoins is very effective and unique in the way it accommodates customers There are many options on how traders can translate available bitcoin to Fiat. You can easily hedge out risks by retaining some amounts of bitcoin. This can be done on a number of transactions. Check out the 0.99% transactional fees exerted on many transactions you execute.
Payment settling and registration charges no fees. AlfaCoins is very broad, covering the better part of the world except for North Korea and Iran. These two have different crypto governing policies that disband AlfaCoins from catering to customers’ purchasing needs. Available Fiat currencies include USD and EURO.
BitPay is proudly brought to you by an American crypto firm that has been in the game for over a decade. BitPay was established in 2011, making it one of the pioneers of bitcoin payment gateways. BitPay has a lot of reputation because of its large customer base which testifies nothing but pure efficiency and good customer support.
Since its inception, BitPay has been revolving and groundbreaking, at some point even reaching 270 830 BTC, equivalent to USD $34 million. However, 2018 was another splendid year for the American crypto firm which clinched $1 billion worth of bitcoin. It was a landmark, a pacesetter that showed the magnitude of how a bitcoin payment gateway can make lucrative produce. Check out the 1% commission on transactions executed on the platform.
Also, look out for online shops, they are good for Bitcoin servicing and purchases. Bitpay has fast bitcoin to Fiat conversion a and traders can enjoy GBP or EURO or USD. We recommend that you use BitPay because it is the ultimate gateway platform made for all traders be it crypto savvy or modest traders. The creation of accounts is easy and they are backed up by a 2FA security system.
Blockonomics was established in 2015 and from then on, traders have been accessing its services. The whole idea behind the design of Blockonomics was to package a special and infinite bitcoin payment gateway, one that leaves a solid mark. You can easily generate Bitcoin by accessing online stores. These include the creation of P2P invoices or sending emails via BTC.
The future of Bitcoin lies in a decentralized system that gives traders more liberty to maneuver through the crypto market spectrum. Blockonomics is part and parcel of that decentralized system. It builds up that philosophy which states that bitcoin is supposed to be limitless. We recommend Blocknomics to tech-savvy individuals because the interface is pretty daunting and sophisticated to a fresh beginner.
COINQVEST makes way to the scene with a superb payment package that is not only fast but efficient in sending bitcoin from account to bank. Digital payments are appropriate for many companies. Not only that, it is very possible to trade various assets looking at the fact that COINQVEST is perfectly combined with an e-commerce shopping platform. This is a hub of activity, a typical online crypto mall.
On the site, you are able to use USD, GBP, and EUR. It is not only bitcoin that is on the line, but there is also ETHEREUM and STELLAR LUMENS. Below we list some of the fantastic benefits offered by this digital shopping place.
- Payments are extra fast meaning that merchants’ cash flow fails to clot on the market walls.
- There is a safety and protection guarantee from market volatility meaning that when a merchant pays 100 EUR, they receive a fair 100 BTC in return.
- The site has stable market forces
- There are no chargebacks.
- SDK’s and API documentation are uptight and automated.
- Customer support and management is professional due to the presence of shopping carts like WordPress, WooCommerce, and Shopify
- Expect payment requests from a UI. This is coupled with a URL encompassed in the URL and then posted to the email address.
- Stellar backs up all the payments hence traders can expect efficiency.
We have seen that COINQVEST has reliable and secured forms of payment that are perfectly guarded and supported by the Stellar Consensus Protocol. This instant and efficient support was the main objective during the design of the site because it’s a hub so in order to effect the proper transaction and digital transfer of cryptos to fiat, Stellar came to play.
CoinRemitter offers many cryptos which include Litecoin, Ethereum, Ethereum Classic, and Ripple. It has a wide selection coupled with a robust payment system. CoinRemitter is extra fast while documentation is accessed free. Creation and protection of accounts are guarded by 2FA hence traders can rest assured of safety. All the functionalities encompassed in cashing put and depositing are fast as well.
Coinbase Commerce was established in 2018 after Coinbase, the exchange received a lot of complaints from customers on why they did not have their own payment gateway. All e-commerce business ventures are made possible on the site. Coinbase Commerce was initially brought to the market as a US gateway but went on to broaden its reach.
Traders are able to get invoices when they are given fixed assets, just like BitPay. The major focus by Coinbase was to give an online e-commerce specialty centering on bitcoin as major crypto but now they have charged through cryptocurrency payment gateway system.
Traders are free of transactional fees and withdrawing fees. Magneto and OpenCart are some of the spectacular online shops combined to give online payments and business operations to remember. Though there are no transaction fees, traders can expect a network fee, a portion charged by crypto miners. It is pretty high and is daunting to small investors. If you are a new crypto merchant looking for an exciting gateway payment site with free online payment options, we recommend that you use Coinbase Commerce.
Everything from Prodoge is global. Payment options and connections to many cryptos are on point. Prodoge has an official gateway application meant to connect and link your crypto wallet well with the following.
- Creation points
- Payment links
- Sale checkouts
Buying and selling of goods are fast. Prodoge official application is compatible with iOS and Android smartphones. Prodoge does not only recommend Bitcoin but also supports Digibyte, Doge Cash, and Verge. There are no fees charged for either depositing or withdrawing. No chargebacks and there is certainly no time to wait for a transaction to be confirmed. Prodoge is non-custodial meaning that merchants enjoy free ways of doing business.
Cryptoprocessing.com supports many cryptos. These include XRP, NEO, ADA, DOGE, and USDT. Focuses on e-commerce while offering traders a fast and reliable payment gateway system. Bank commissioning is very low because they charge 1% or below for transactions made online as compared to online gambling which ranges from 2% to 4%.
In total, there are 30 cryptocurrencies available on Cryptoprocessing.com. On top of that, there are many ERC tokens that continue to grab the attention of many digital merchants across the world. Services are automated while traders enjoy 20 Fiat currencies. Everything is diverse from Cyrptoprocessing.com.
Withdrawals are instantaneous and traders have the privilege of selecting the right tools and the right currency they want to use. It recorded that up to now, Cryptoprocessing.com has accumulated $1 billion worth of bitcoin.
CoinGate was established in 2014 and in the year 2018, CoinGate became one of the pioneers in offering Lightning Network. Lightning Network is the ultimate remedy to scaling problems. It came at a time when CoinGate was experiencing a huge influx of traders on a daily basis. Just like BitPay, Coingate is an e-commerce hub perfectly designed to create a whole digital dimension where traders from across the world meet to do business.
USD, GBP, and EUR are some of the currencies dominating the site. It is a non-selective market that caters to all digital players. As long as you want to do a proper crypto payment, this is the site for you. Expect medium commission and payment conversions. There is also invoicing which makes payments reliable and guaranteed. Bank commissions actually stand at 1%.
BitcounPay is very cheap in terms of payments. BitcoinPay has been rated as one of the best payment gateways on the ground. Expect a 0.8% fee charged on transactions. This is like no other fee charged on various payment gateways across the market.
However, traders can expect quick withdraw from e-wallets. BitcoinPay supports many cryptos at the same time offering a friendly user interface for both all seasoned and fresh traders. BitcoinPay grants reports which include market review and transaction information, this helps the merchant to determine the shape of future transactions.
Magneto, OpenCart, and PretaShop are some of the online shopping malls available on BitcoinPay. The site was perfectly designed by professional crypto experts hence there is more guarantee than any other bitcoin payment gateway.
GoURL provides a great interface for business enterprises that are in need of digital bank accounts and digital payments. Focus mainly on bitcoin accounts and this means that all of its operations are compatible with bitcoin wallets. Expect maximum anonymity due to the use of debit cards. WordPress is the ultimate shopping plugin meaning that traders have to show a lot of clear payments and pure payment management.
GoURL is very fast, reliable, and efficient. You do not have to wait for long to have your payment confirmed. It’s a matter of seconds. Though much has been to the delight of GoURL, below we list some of the notable disadvantages that one can encounter.
- There is no direct payment meaning that reputable businesses engaging and ideal transactions are sabotaged.
- There is a high fee charge-standing at 1.5%. It is a huge setback for small investors. On top of that 1.5%, merchants have to endure another 3.5% when they use Monetiser.
Considering these disparities, many traders and merchants have been given a shoulder over possible choices. But it’s one of those sites that you should consider as an average Bitcoin payment gateway.
Yes, we have certainly hit the spicy gateway site! We highly recommend that you try SpicePay because bitcoin payments are fast especially via Paypal. For quality withdrawals, you can use euros and USD. These highly recommended forms of currencies continue to grab everyone’s attention. Among the two (Euro and USD), Euro is a bit slow but it’s not really visible.
Charges stand at 1% while merchants enjoy clear-cut transactions. The only mishap from SpicePay is that it focuses on ease of payment on one side while ignoring the other. There are some cardinal features absent but, all in all, it’s a good start if you are a newbie. We recommend that you use SpicePay if you have any Bitcoin payments or if you wish to engage an online purchasing platform.
Coinpaymnts is rated as one of the best when it comes to cryptocurrency diversity. Payments are fast while merchants enjoy 1860 coins selections. Its click click bang, a busy site with a wide customer base covering the rest of the world. The fee charge stands at 0.5%, very low and appropriate for both big and small investors.
An excellent shopping plugin is available, big thumbs up to the designers who fused it with API, to give this hybrid type of plugin efficient for everyone. Revenue storage is effective and in actual fact, 2055 various digital coins are easily accessed.
GoCoin is that happy and smile-filling payment gateway that is simple. Many designers and developers across the world have labeled it as a get-to-go type of site. Has massive shopping plugins that are superb. Shopify is one type of shopping plugin that has an edge over the others. Customer services are simple but ideal, offering 24/7 support and market reviews that actually help in determining the shape and direction of your trading voyage.
The flat fee charge stands at 1%. GoCoin is available in many countries across the globe, it’s not selective and has a great yet simple user interface. It’s actually a good starting point for many new investors who wish to profit from a gateway.
What fascinates many about NOWPayments is that transactions, be it withdrawals or deposits are now! They are fast and can be performed now! Check out 75+ crypto selections. These are all game-changers. Below are some of the fantastic shopping plugins that are dominating the NOWPayments scene.
- Magneto 2
With NOWPayments, you are able to obtain widgets and invoices, API and buttons which are lucidly displayed on the screen. Remember, NOWPayments is a non-custodial payment gateway that also offers automated coin translations. Everything is fast from this gateway. All the affiliated programs are top-notch, this is all part and parcel of a beefed-up review package. Payments are effective and immediate while payment solutions can easily be accessed.
We have given a marathon of crypto-based payment gateways and we have actually detailed on those that have unique features and those that are perfectly simple. Now, we give a rundown of basic advantages that one can expect from a crypto payment gateway.
Advantages of a Crypto Payment Gateway
- Crypto to Fiat exchanges are very fast and effective
- Payment gateway sites are fused with pitch-perfect technology
- Services are all in all automated, grabbing the attention of big investors and merchants
- Transaction fees are either low or absent, a great start off point for small investors.
- Customer services are in most cases 24/7while accounts are easy to create and guard.
- 2FA system guards against cybercrime
- Payment platforms are very transparent and accountable to any transaction and operation taking place.
What is a Bitcoin gateway?
Bitcoin gateways are all about giving traders, users, merchants, and investors an opportunity to accepts transactions in bitcoin crypto. Think of it as a shopping mall that is digital and crypto-based.
How to integrate a Bitcoin gateway into my app?
Merchants have to use third party’s, there is no other way around it. APIs are used to integrate and develop bitcoin gateways in an official application. Softwares are mostly unique while the official applications are meant to address hard-hitting customer expectations.
What is a good Bitcoin gateway API?
BitPay.com and CoinGate are the best APIs on the scene. Mind you, these are just two examples from a host of APIs.
Always remember that these gateways are current and up to the minute. It’s a 2021 rundown that continues to grab attention as we head for 2022. Crypto payments have been made easy and have become the perfect choice. Transactions are perfectly guarded. Bitcoin gateways are the way to go now, if you have not yet accessed it, we have made life easy for you.