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How do Bitcoin Payment Gateways work?
The crypto payment gateway integration is seamless, faster, and secure compared to the traditional fiat-based payment solutions. Since the crypto market is nefariously volatile, businesses tend to choose a cryptocurrency with relatively high liquidity and stability. Therefore, the most preferred crypto for most businesses is Bitcoin.
Bitcoin payment gateways utilize blockchain and smart contracts to verify and transact payments from the customers to the business. When a customer chooses to pay with the Bitcoin option at the checkout, the Bitcoin payment gateway generates a receiving wallet address for the transaction and calculates the amount of Bitcoin needed based on the real-time Bitcoin price.
The customer can send Bitcoin using the wallet address or scanning the QR code. The gateway monitors the blockchain for transaction confirmations. Businesses can program their payment gateways to convert received Bitcoin to a stablecoin or fiat currency.
Benefits of Using Bitcoin Payment Gateways
Crypto is enjoying massive traction worldwide for being a decentralized and independent currency. Crypto enables peer-to-peer cross-border payments which enables businesses to accept payments from customers worldwide. Bitcoin payment gateways are the best solutions to escape from the limitations and control of traditional banking systems.
Besides global reach, crypto transactions are much cheaper, offering the lowest fees in most cases. This provides an edge against the higher fees of credit cards and traditional payment processors. Enhanced security features and quick settlement times make Bitcoin payment gateways attractive for SMEs and large business entities.
Additional Perks of Crypto Payment Solutions:
Top Bitcoin Payment Gateways in 2024
1. Zypto (Rated 8.9)
Zypto is the “Most Innovative Project of 2022” award winner at the Dubai crypto expo. With its focus on enhancing crypto adoption worldwide, Zypto claims to be the fastest-growing blockchain payment system. Zypto is known for helping merchants accept payment in crypto with ease while ensuring low fees. Zypto stands out as a top choice for businesses of all sizes.
Features:
- 5% – 1.5% transaction fee: Charges a minimal transaction fee, an economical choice for businesses.
- Accepts 80+ currencies: Supports over 80 cryptocurrencies, increasing customer reach.
- Volatility protection: Offers volatility protection to ensure stable transaction values.
- Point of sale integration: Provides seamless POS integration
- Crypto invoices: Allows businesses to generate detailed crypto invoices for streamlined billing.
- 8.9 Rating: Highly rated for reliability and efficiency.
Why Choose Zypto?
Zypto is the most reliable Bitcoin payment solution with a 8.9 rating. It provides easy integration to businesses and enables them to accept more than 80 cryptocurrencies with protection against volatility. It charges minimal fees between 0.5 to 1.5% and can generate crypto invoices after payment processing. Join Zypto and integrate it into your business now.
2. CoinGate (Rated 8.5)
Launched in 2014, CoinGate is one of the pioneers of introducing Bitcoin payment systems. It enables merchants and customers to accept payments in more than 70 cryptocurrencies. This payment solution started its services solely with Bitcoin-based payments, which then expanded to multiple other crypto tokens. CoinGate supports payment processing, selling, buying, and swapping of cryptocurrencies. It applies a 1% flat transaction fee to all business transactions.
Features
- 1% transaction fee: Applies a flat 1% transaction fee on all transactions.
- Accepts 70+ currencies: Supports more than 70 cryptocurrencies, reaching a broad customer base.
- Volatility protection: Provides volatility protection to ensure stable transaction amounts.
- Point of sale integration: Offers easy integration with POS systems for seamless payments.
- Crypto invoices: Businesses can issue crypto invoices for simplified transaction management.
- 8.5 Ratings: Trusted platform known for robust features and reliable service.
Why Choose CoinGate?
CoinGate is a mature platform that offers additional features like buying selling and swapping cryptocurrencies. With its easy point of sale integration, it enables volatility protections and generates crypto invoices. Join CoinGate now.
3. NOWPayments (Rated 8.5)
NOWPayment offers minimal transaction fees (1%) in the market with additional support of 160 cryptocurrencies. It enables merchants and customers to accept payments in crypto and withdraw euros directly to their bank accounts. The platform is known for its non-custodial services, empowering businesses to have full control of their assets.
Features:
- ~1% transaction fee: Charges approximately 1% in transaction fees.
- Accepts 160+ currencies: Supports over 160 cryptocurrencies, offering flexibility.
- Volatility protection: Includes volatility protection for stable transaction values.
- Point of sale integration: Makes it easy to integrate crypto payments into POS systems.
- Crypto invoices: Allows businesses to create crypto invoices for efficient billing.
- 8.55 Rating: Recognized for extensive cryptocurrency support and reliable service.
Why Choose Now Payment?
Forbes Advisor: Best of 2023, NOWPayment is an advanced and comprehensive payment solution that supports tons of crypto tokens providing customers with convenience. The platform also supports fiat operations and lets customers deposit in more than 20 fiat currencies. You can join Now Payments here.
Our Recommendation
Though all Bitcoin payment gateway reviewed above are competitive and offer tons of unique features, our recommended payment solution is Zypto. With more than 80 cryptocurrencies supported, Zypto is the top choice of businesses for being super easy to use, lower fees, and robust security measures. Zypto offers excellent volatility protection to ensure that all business transactions are protected against market dips.
These are the reasons why Zypto is leading with an 8.9 rating, reflecting customer satisfaction and quality service.
Takeaway:
Integrating crypto into your business can expose your business to a wider user base and provide you with a competitive edge. By choosing a credible Bitcoin Payment Gateway like Zypto you can ensure that your transactions are secure, efficient, and cost-effective.
