About Flexa
Overall judgement
Flexa Review scores
Transaction fees
Functionalities
Accepted cryptocurrencies
Ease of setup
Customer support
Positives
- Free and easy integration
- Flat and competitive fee of 1.0%
- Volatility protection
- Over 90 cryptocurrencies are accepted
Negatives
- Currently only supports in-store payments and not online payments
- Long approval process
- 3 out of the top 10 cryptocurrencies are unsupported
- Not possible to keep the incoming crypto. All payments are directly converted to fiat
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 in–store 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.
Accepted cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- USD Coin (USDC)
- Binance USD
- Dogecoin (DOGE)
- Cardano (ADA)
- Solana (SOL)
- Tether (USDT)
- BNB
- Ripple (XRP)
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.
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.
