Recently, the acceptance of cryptocurrencies is increasingly considered as a means of payment. According to Coinmap, as of April 2022, there are 25K+ merchants and ATMs worldwide that accept digital currencies.
As of 2016, there were only 7.6K of such objects. This only indicates that there is a positive trend. In order to also become part of the modern movement and start accepting cryptocurrency payments, companies need an appropriate gateway for this.
Payment for goods and services with cryptoassets practically does not differ from standard payment methods.
PAYMENT FOR GOODS/SERVICES IS MADE AS FOLLOWS
1. The company fixes the currency for accepting payments – in fiats or BTC, ETH, etc.
2. Cryptocurrency payment is made at the current exchange rate, regardless of the volatility of digital currencies
3. The crypto gateway will automatically convert money into the specified currency and credit it to your wallet.
4. After that, the resulting cryptocurrency can be withdrawn to a bank account at any time.
The most profitable acceptance of crypto seems to be for online companies, Affiliate programs and CPA Networks, but this does not mean that offline stores are deprived of this possibility. Today, cryptocurrency is a promising means of payment for which the demand is steadily growing.
Today, it is possible to accept digital currency when selling goods and services on the Internet, and organizing this is easier than it seems. You will learn how to add crypto payments on the website below.
WHAT IS SPECIAL ABOUT PAYING WITH CRYPTOCURRENCY
Cryptocurrency is encrypted data that cannot be copied or forged. The asset has only a digital implementation and is not associated with a standard currency and banking system in any country.
All transactions between users are made directly through the blockchain, which eliminates the need for an intermediary in the form of a bank.
All cryptocurrency transactions are anonymous, and a high degree of wallet protection can provide high security.
WHY DOES A BUSINESS NEED TO START ACCEPTING PAYMENT IN CRYPTOCURRENCIES
Receiving cryptocurrency payments is considered a promising direction and, above all, it is an opportunity to offer customers more options for payment, as well as attract a new target audience that prefers payment only with digital currency.
There are more and more such customers and they own promising assets. Therefore, it is important to create conditions for payment with cryptocurrencies.
Other benefits of accepting crypto payments include:
1. Instant payment. Funds are credited to the account in a matter of seconds, without bank days and operating time.
2. Open access to customers around the world. Since cryptocurrency is a global thing, there are no borders between countries for it. Payments can be accepted without extra fees, checks and restrictions.
3. No returns. The crypto payment cannot be returned because the operations are anonymous.
4. Prestige. Acceptance of crypto payments sets the Affiliate program apart from the competition in the most favorable light.
According to forecasts, the volume of cross-border crypto payments by 2024 will grow 25 times to $4.4 trillion.
HOW IS CRYPTOCURRENCY PAYMENT MADE
Accepting payments with crypto-currency is called crypto-processing, which has become a well-mastered and widespread technology. Many online store owners have already mastered this technology.
So if the client wants to pay for the goods with crypto, then for this it is enough to follow the link to the payment page.
The link is generated through an intermediary service, and the amount in the selected currency is indicated on the payment page. You need to make a payment for a limited time due to the strong volatility of the “crypto” rate.
On average, the operation takes from several seconds to 60 minutes. In comparison, it can take up to 24 hours to process a standard payment through Visa or MasterCard.
WHAT CRYPTOCURRENCIES ARE AVAILABLE FOR PAYMENT
More than 1.5K types of assets are available on the crypto asset market. To enable payment with digital assets, it is worth taking into account the most popular currency options. To do this, just get acquainted with the current rating of the crypt.
We recommend that you enable the site to accept payments in the following types of currencies:
LTC, DASH, TRX, ETH, BTC, USDT
CONNECTING CRYPTO GATEWAYS TO ACCEPT PAYMENTS
To add cryptocurrency payment, you need to:
• register a wallet and leave a link to it on the site;
• order the development of a payment instrument;
• connect a payment intermediary to process transactions.
As a payment intermediary, you can choose the CRYPTOMUS aggregator, which ensures the acceptance of cryptocurrencies on any site. Using this tool, you get the most comfortable conditions, both for yourself and for customers.
The service provides a free module for processing digital currency payments.
THE AGGREGATOR WORKS AS FOLLOWS
1. The buyer presses the “Pay” button and gets to the encrypted payment page.
2. He chooses the currency that suits him the most and receives the details for payment.
3. The aggregator fixes the exchange rate and gives the buyer time to complete the payment.
After the transaction is completed, the module keeps track of its status. When the operation is confirmed, the seller receives a message with the order number and information about the product.
CRYPTOCURRENCY PAYMENT GATEWAY CRYPTOMUS CONNECTION
To connect the aggregator, the site owner must register on the CRYPTOMUS site and create a merchant account. The office will have the main control center for payments.
27 payment systems are available to sellers, including the 5 most popular ones – BTC, BCH, ETH, LTC and USDT.
Payments are received on a single account and the funds received can be converted into fiat or transferred to your digital wallet. The solution provides for the ability to issue invoices via a link, and it will soon be possible to save a static address for users’ personal accounts.
WHO BENEFITS FROM CONNECTING A CRYPTOCURRENCY GATEWAY
Paying with crypto is suitable for small business owners, which pays off in the short to medium term. In addition, for medium and large businesses, the issue of security and full control of financial transactions comes to the fore.
That is why it is much more attractive to set up the acceptance of cryptocurrency payments. You just need to go through a simple registration procedure to connect CRYPTOMUS.
This service does not require documents and just a phone number and email address.
This solution does not provide for the use of CMS modules, but only acts as an intermediary service.
This service is suitable for you if:
❖ If you want to accept cryptocurrency payments from anyone , anywhere in the world
❖ If you need to accept payments without website
❖ If you need additional payment methods with low transaction fee
❖ If you just want to have your own secure cryptocurrency wallet
CRYPTOCURRENCY PAYMENT GATEWAY CRYPTOMUS FEATURES
A wide range of choices.
Multiple choice of integration methods – payment page form / static address form / link billing
Exchange and save!
Instant exchange of cryptocurrency for stable coins. We protect you from cryptocurrency volatility.
We do not require KYC procedures, as we are a technical platform for developers, providing a convenient interface to automate cryptocurrency operations. You only need an email to register.
The main advantage of our service is really fast payments. The money is paid instantly and you get the transaction which you can pass on to the user for tracking or follow up by yourself.
Your finances are safe
All the money you get will belong to you only and will never be frozen or refunded unlike banks or classic e-wallets.
Auto-conversion is available
Do you want to protect yourself from volatility or convert non-tradable coins to more liquid coins? We give you the ability to automate the process.
It’s now possible to allow withdrawals only to “Trusted” wallets.
Flexible two-factor authentication system
Introducing a flexible two-factor authentication system! You can manage all the security aspects you need.
Transfers from personal account to merchant are available
This will definitely be needed in case of unforeseen circumstances.
Automatic withdrawal of funds
In the settings you can specify the criteria for automatic withdrawal. This is convenient.
Available to view active sessions, just like in Telegram. You can disable all of them except the current one, or interact with them individually.
2 telegram bots with notifications of transactions and authorizations. Separately for merchants and personal accounts.