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Review: Flexa

Flexa allows stores to accept in-store crypto payments, with support for online payments coming in the near future.
3.7/5
Rating: 7.4
Flexa website

About Flexa

Flexa is a cutting-edge crypto payment gateway that belongs to AMP, a leading blockchain technology company with the goal of taking money towards the 21st century by enabling cryptocurrency payments.Flexa provides a secure, low-cost and fast payment solution for merchants looking to accept cryptocurrency payments. With Flexa, merchants can accept payments in Bitcoin, Ethereum, USDC, and other popular digital currencies. Flexa is a good choice for merchants looking to accept cryptocurrency payments and is currently being used by some of the leading companies in the blockchain space. At this time, only offline payments made in-store are supported by Flexa; online payments will be available in the future and is currently being tested with selected merchants.Below, you can find our full Flexa review.

Overall judgement

Flexa Review scores

3.7/5

Transaction fees

4/5

Functionalities

2/5

Accepted cryptocurrencies

4.5/5

Ease of setup

3/5

Customer support

4.5/5

Positives

Negatives

Transaction fees

Flexa charges a transaction fee of 1% of the total purchase value, which is comparable to most of its competitors and thus provides a moderately attractive offer for merchants.

Functionalities

Flexa is currently dedicating a lot of attention to their instore crypto payment gateway, allowing stores, for example movie theaters, to accept cryptocurrency payments. Unfortunately, their online crypto payment gateway is still in its testing phase and is not yet available to the public.

 

Flexa has implemented volatility protection as its most important functionality. By converting all crypto transactions directly to fiat (typically USD) and sending them to merchants, merchants are insulated from the volatility of crypto. This is beneficial for many; however, some may not like that Flexa does not offer the option to receive crypto as crypto.

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Accepted cryptocurrencies

Flexa boasts one of the most comprehensive collections of cryptocurrencies available for acceptance as a payment gateway. The number of cryptocurrencies now being accepted stands at 90+, however, this doesn‘t include some of the biggest players in the space, such as the world‘s largest stablecoin, Tether (USDT). Also BNB and Ripple are unsupported which is a major drawback. See which of the biggest cryptocurrencies Flexa currently accepts below. A complete list of all 90+ currencies can be found on Flexa’s website.

Ease of setup

If you’re looking to accept crypto via Flexa, the first step is to become a Flexa approved merchant. Unfortunately, this may prove to be the most difficult part of the integration process. Since Flexa is only available in the United States and El Salvador, merchants in other countries may not have the same luck. If you meet the location criteria, simply fill out a form and a Flexa representative will reach out to you. If accepted, you can then start accepting cryptocurrencies via the Flexa system.

After being approved, there are multiple integrations possible: Plugin integration and an API integration. Note that the plugin integration is related to online payments, which is currently not available for the majority of merchants.
 

Plugin integrations
Similar to most cryptocurrency payment gateways, Flexa also offers multiple, easy-to-use pre-build integrations for different webshop systems. Some notable integrations available exist for:

  • Woocommerce
  • Magento
  • Prestashop
  • Opencart
  • And more


API integration
Merchants wanting more customizability and having the necessary coding knowledge can opt for an API integration with Flexa. Alternatively, they can contact a Flexa team member who will help them integrate Flexa into their existing (point-of-sale) systems. To do so, visit the Flexa integrations page.

Safety

Flexa payments are highly secure, utilizing advanced encryption technology to protect customer data and ensure secure transactions. All payments are protected by advanced fraud detection systems, helping to safeguard customers from any potential security threats.

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