Cryptocurrency Payments

bitcoin payment service

We’ve been processing cryptocurrency payments for businesses since 2014. Coinbase has been committed to building a secure, easy way for people to buy/sell Bitcoin and other cryptocurrencies. It is possible with Coinbase through their industry-leading platform that allows users to convert the local currency into and out of the cryptocurrency. Coinsbank, in addition to its gateway services, provides an exchange trade platform for customers to maximize profits while minimizing risks.

  • Unfortunately, BitPay limits its live support to larger companies.
  • In addition, the service offers the ability to instantly convert the local currency into and out of bitcoin, making it possible for businesses to receive funds in their bank account instantly.
  • The fees charged for these services are specific to the individual vendors.
  • One can integrate SpectroCoin APIs on their website to make purchases and transactions in Bitcoins and other currencies.

Cryptography adds an extra layer of protection by making these virtual currencies nearly impossible to counterfeit or double spend. One can easily conclude that Coinremitter has all the bells and whistles. It means that Coinremitter isn’t much hard on merchants’ pockets. By seeing its performance and services, one can say that Coinremitter can stand out in every aspect, or we can call it the best payment gateway of 2022.

Say goodbye to hidden fees

In addition, it is also your responsibility to determine the Bitcoin price for the goods and/or services on offer. Usually it makes sense to use current exchange rates as the basis for coming up with these prices.

bitcoin payment service

BitPay is one of the most well-known cryptocurrency payment processors. It provides a variety of tools that can integrate with a website to simplify the Bitcoin payment acceptance process.


However, users will only be able to onboard via our API when they have an identity document that is accepted in the European SEPA region. The difference is based upon what kind of unique identifier is being used to identify the users.

Shopify’s platform is loaded with features, such as APIs that facilitate integrations with BitPay and Coinbase. This makes crypto payment processing clear and straightforward. Founded in 2013, one of its most celebrated offerings is where payments can be split into cryptocurrency and fiat currency. AlfaCoins also provides a cryptocurrency rate system that gives its merchants the best rates. They are also in partnership with fiat settlement providers, helping merchants settle funds to their bank accounts in 8 international currencies. It also works as a Bitcoin wallet, so merchants can keep all their funds secure. Another big challenge for crypto payments is the digital divide more broadly.

Wise: Cheapest and Fastest International Money Transfer Service

A survey published by found that 96 per cent of Americans don’t understand the basics of cryptocurrencies. The crypto industry needs to make a concerted effort to educate consumers about the fundamentals of crypto and businesses to implement it into their operations. With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with.

bitcoin payment service

Both businesses and merchants may need to provide more documents for KYC. CoinPayments have a low transaction fee of only 0.5% by industry standards. It is able to integrate with well-known e-commerce platforms such as Shopify, WooCommerce, Magento, and many more. Fraud prevention is at the forefront of Pinwheel Pay’s strategy, with features such as Level One PCI Compliance, technology-focused and accessible APIs, SDK, as well as custom financial technology solutions. Payment method and provide the information on the format of callbacks with payout results. Payment method and provide the information on the format of callbacks with payment results. For the general information on how to use the API, see Payment Page API Description.

Offering Bitcoin as a method of payment – here’s how it works

Coinremitter has introduced a paid plan for those who want to pay and enjoy premium services. Though withdrawal fees remain the same in both plans, it provides unlimited addresses/wallet and 24×7 free support. Merchants having a paid plan can get early access to the latest features of Coinremitter.

‘Blockchain’ is a term used to describe the system in which cryptocurrency transactions are recorded and maintained across a vast peer-to-peer network. More specifically, the Bitcoin blockchain acts as a digital ledger with the primary goal of tracking the creation of Bitcoins as well as an up-to-date record of their movements. Unlike bank accounts, digital ledgers are decentralised and publicly available, meaning anyone with the internet is able to view transactions within a network’s history. However, while the blockchain history is transparent, user identities are not, ensuring utmost security and privacy. Bitcoin network concept on digital Screen‘Blockchain’ is a term used to describe the system in which cryptocurrency transactions are recorded and maintained across a vast peer-to-peer network. However, while the blockchain history is transparent, the user identities are not — therefore ensuring utmost security and privacy. Especially to help get businesses onboarded for accepting crypto payments.

In 2022, What are the Top Cryptocurrencies for Investing In?

Also, the fees involved in cryptocurrency payment methods tend to be low. Cryptocurrency payment processing is becoming increasing popular amongst merchants worldwide. Here we have put together a guide to accepting cryptocurrency payments from start to finish. Our industry experts answer the most commonly asked questions relating to the new digital currency. CoinPay operates as a Bitcoin debit card that allows users to spend bitcoins online, offline, and with mobile applications worldwide. To get started with cryptocurrency payments, you will need a wallet where you keep your digital currency.

How do I cash out 1 million Bitcoins?

Cashing out Bitcoin is best done via a third-party broker, over-the-counter trading, or on a third-party trading platform. You can also trade it peer-to-peer. Cashing out a massive amount of Bitcoin comes with limited restrictions on daily withdrawals.

The altcoin Monero offers users a high degree of anonymity which has always been an issue with the leading providers of cryptocurrencies such as Bitcoin, Ethereum and Ripple. With these providers, every transaction can be traced back but not with XMR. It is in this chain, whose integrity and chronological order is safeguarded via cryptography, that all confirmed reservations are saved. The client server then calculates the status of a Bitcoin account based on this information. This is generated automatically during the sending of Bitcoins via a classified data block – the private key (aka. the seed).

How does the Skrill Cryptocurrency Service work?

We will try to understand how these cryptocurrency payment solutions compete against each other in providing better services. We will also try to identify the qualities that make a crypto payment platform a contender for the position of best crypto payment processor. BitPay is one of the leading digital currency payment processors in the world. BitPay operates as a digital currency processing gateway, helping businesses accept bitcoin payments and receive funds directly to a bank account.

  • The customer receives the notification about the payout result from the web service.
  • The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  •, in addition to being such a famous crypto wallet, also provides repository activities on behalf of Blockchain technology and Bitcoin.
  •’s APIs make it extremely easy for businesses to consolidate.
  • Is what is happening with contactless payments like Apple Pay and Google Pay, which both use NFC technology.

Coinremitter contains some fantastic features and merchants using Coinremitter are loving them. Those features are attractive enough to insist merchants for trying Coinremitter. So, Coinremitter bitcoin payment service can be a one stop solution for receiving online payment of cryptocurrencies. B2BinPAY is another highly esteemed all-inclusive payment system that works globally and flawlessly for all members.

Use the Cryptopay card like a regular plastic card

Spicepay is a robust security payment gateway and an easy exchange tool where crypto can be exchanged for a variety of fiat currencies including US dollars, EUR, GBP, and even CAD. The payment gateway is simple to integrate, so it allows for funds to be withdrawn via PayPal or SEPA wire transfers. Spicepay also includes digital services to enhance cryptocurrency charitable contributions online. Spicepay is a highly secure payment gateway and a convenient exchange platform where one can exchange crypto for a wide range of fiat currencies such as USD, EUR, GBP, and CAD. The integration of the payment gateway is easy, and it allows for the withdrawal of funds through PayPal or SEPA wire transfers. Spicepay also offers digital tools to facilitate online donations in cryptocurrency. We are able to offer all kinds of local payment methods that are being used in geo specific parts of Europe very often, as well as traditional methods such as bank transfer or credit card.

bitcoin payment service
Author: Romain Dillet

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