Best Crypto Payment Gateway Solutions
GBO is a leading provider of B2B crypto corporate services that specializes in providing businesses in the blockchain and cryptocurrency industries with innovative and customized solutions. A key service provided by GBO is a crypto payment gateway that enables businesses to accept cryptocurrency payments.
We also assist with crypto company formation, crypto licenses, crypto bank accounts, just contact us below for more info.
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In this paper, we will examine the definitions of crypto and gateway, the various types of crypto gateways, how they function, their fees and costs, and the benefits they provide. In addition, we will provide a framework for evaluating the best crypto payment gateway and investigate why GBO’s proficiency in B2B crypto corporate services makes them a market leader.
Cryptocurrency, or crypto for short, is a digital asset designed to function as an exchange medium. It employs cryptography to secure and verify transactions and to regulate the creation of new units of a specific cryptocurrency. In contrast, a crypto payment gateway is a service that enables merchants to accept cryptocurrency payments
It acts as a middleman between the merchant and the customer, facilitating the transaction and, if desired, converting the cryptocurrency to fiat currency.
| Rank | Name | Description | Country | License Type |
|---|---|---|---|---|
| 1 | BitPay | A leading payment processor for Bitcoin and Bitcoin Cash transactions | United States | Registered MSB |
| 2 | Coinbase Commerce | A payment gateway that allows merchants to accept multiple cryptocurrencies, including Bitcoin | United States | Registered MSB |
| 3 | CoinPayments | A payment processor that supports over 1,000 cryptocurrencies, including Bitcoin and Ethereum | Canada | Registered MSB |
| 4 | CoinGate | A payment gateway that supports over 50 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin | Lithuania | Registered MSB |
| 5 | Binance Pay | A payment gateway developed by Binance, one of the largest cryptocurrency exchanges | Malta | VFA Service Provider |
| 6 | Kraken | A payment gateway developed by Kraken, a leading cryptocurrency exchange | United States | MSB or Money Transmitter |
| 7 | GoCoin | A payment gateway that supports Bitcoin, Litecoin, and Ethereum | United States | Registered MSB |
| 8 | GloBee | A payment processor that supports several cryptocurrencies, including Bitcoin and Litecoin | South Africa | None required |
| 9 | Bitaps | A payment gateway that supports Bitcoin transactions | Seychelles | None required |
| 10 | SpectroCoin | A payment processor that supports several cryptocurrencies, including Bitcoin and Ethereum | United Kingdom | E-Money License |
| 11 | BTCPay Server | A self-hosted payment processor that supports Bitcoin transactions | Worldwide | None required |
| 12 | Coingate | A payment processor that supports several cryptocurrencies, including Bitcoin and Ethereum | Lithuania | Registered MSB |
| 13 | Blockonomics | A payment gateway that supports Bitcoin transactions | India | None required |
| 14 | NOWPayments | A payment gateway that supports over 50 cryptocurrencies, including Bitcoin and Ethereum | Estonia | Registered MSB |
| 15 | Paybear | A payment processor that supports several cryptocurrencies, including Bitcoin and Ethereum | United States | None required |
| 16 | Rocketr | A payment gateway that supports several cryptocurrencies, including Bitcoin and Ethereum | United States | None required |
| 17 | TripleA | A payment gateway that supports Bitcoin transactions | Hong Kong | None required |
| 18 | Paytomat | A payment processor that supports several cryptocurrencies, including Bitcoin and Ethereum | Singapore | None required |
| 19 | Chimpion | A payment gateway that supports multiple cryptocurrencies, including Bitcoin and Litecoin | United States | None required |
| 20 | Coinify | A payment processor that supports several cryptocurrencies, including Bitcoin and Ethereum | Denmark | E-Money License |
There is a connection between licensed cryptocurrency businesses and crypto gateways. Crypto gateways, also known as cryptocurrency exchanges, provide users with a platform for buying, selling, and trading cryptocurrencies. Typically, these exchanges must obtain a license from the relevant regulatory authorities in the countries in which they operate in order to operate legally. Companies that have obtained a Crypto license to operate in the cryptocurrency industry, such as cryptocurrency custodians or payment processors, may be referred to as cryptocurrency licensed companies. These businesses may collaborate with crypto gateways to offer their customers additional services, such as secure cryptocurrency storage or payment processing.
In some instances, licensed cryptocurrency companies may also operate their own cryptocurrency exchanges, making them licensed and regulated cryptocurrency gateways. In general, there is a close relationship between licensed cryptocurrency businesses and crypto gateways, as both are essential components of the cryptocurrency industry.
Crypto gateways function by providing merchants with a platform to accept cryptocurrency payments. They typically integrate with a merchant’s existing payment processing system and enable customers to pay with Bitcoin, Ethereum, and Litecoin, among others. The gateway converts the cryptocurrency into fiat currency, which is then deposited into the merchant’s bank account.
Typically, crypto gateways assess a transaction fee for each payment processed. The fee varies based on the gateway provider and the cryptocurrency used, but is typically lower than fees charged by conventional payment processors. Some payment gateways also charge an installation fee, a monthly fee, or a currency conversion fee.
Every day, new technologies are introduced to the world of finance and payments. In recent years, cryptocurrency has gained significant attention as one of these technologies. Although cryptocurrencies provide a decentralized and secure method of conducting transactions, they have not yet attained widespread adoption. The lack of convenient and accessible methods for consumers to convert their fiat currency (traditional currency) to cryptocurrency is a significant obstacle. This is where credit card-to-cryptocurrency payment gateways come in, offering consumers a seamless way to buy cryptocurrency with credit cards.
A credit card to cryptocurrency payment gateway is an online platform that enables users to buy cryptocurrencies with credit cards. These gateways facilitate the transaction by converting the user’s fiat currency instantly into cryptocurrency, which can then be stored in a digital wallet.
Key Feature:
The primary characteristics of credit card to cryptocurrency payment gateways are:
A crypto payment gateway for WordPress is a plugin or piece of software that enables WordPress website owners to accept cryptocurrency payments. Integrating with a cryptocurrency payment processor enables the conversion of cryptocurrencies to fiat currency and the transfer of funds to the website owner’s account.
Once installed on a WordPress website, a cryptocurrency payment gateway enables customers to pay for goods and services using cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others. The payment gateway offers a secure and streamlined checkout procedure, allowing customers to complete transactions quickly and without difficulty.
Some cryptocurrency payment gateways for WordPress offer additional features such as real-time exchange rate calculation, automatic conversion to fiat currency, and payment notification. This facilitates the management and tracking of cryptocurrency payments for website owners.
Overall, a crypto payment gateway for WordPress can assist website owners in expanding their payment options and expanding their customer base among those who prefer to pay with cryptocurrencies. It is essential to conduct thorough research and select a reputable payment gateway provider that meets all applicable legal and regulatory requirements.
| Plugin Name | Description | Country |
|---|---|---|
| Coinbase Commerce | A payment gateway that allows businesses to accept multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. | USA |
| BitPay | A leading Bitcoin payment processor that offers a WordPress plugin for accepting Bitcoin payments. | USA |
| CoinPayments.net | A popular cryptocurrency payment processor that offers a WordPress plugin for accepting multiple cryptocurrencies. | Canada |
| GoURL | A cryptocurrency payment gateway that offers a WordPress plugin for accepting Bitcoin and other cryptocurrencies. | UK |
| Cryptocurrency All-in-One | A WordPress plugin that supports multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. | USA |
Utilizing a cryptocurrency payment plugin on your WordPress site can provide numerous benefits, including:
Creating a Bitcoin payment gateway in WordPress requires the following steps:
Online gaming platforms can integrate credit card-to-cryptocurrency payment gateways to enable in-game cryptocurrency purchases.
E-commerce: Online merchants can accept cryptocurrency as payment, allowing customers to use credit cards to purchase goods and services.
International remittances: Credit card to crypto payment gateways can be used to facilitate international transactions, providing a cheaper and quicker alternative to conventional remittance services.
There are two primary categories of crypto gateways: custody-based and non-custodial. Custodial gateways store the cryptocurrency of the merchant on their platform and manage the conversion to fiat currency. Non-custodial gateways, on the other hand, do not store the merchant’s cryptocurrency and require the merchant to handle the conversion to fiat currency.
The business’s needs and technical prowess dictate which type of crypto gateway should be implemented. Self-hosted and integrated payment gateways are better suited for larger businesses with more technical resources than hosted payment gateways. The development of decentralized payment gateways is still in its infancy, and they may not be suitable for all businesses.
Cryptographic gateways offer numerous benefits to businesses. They enable merchants to accept cryptocurrency payments, thereby increasing sales and attracting new customers. They also offer lower transaction fees and faster settlement times than conventional payment processors. In addition, the irreversibility of crypto payments reduces the risk of chargebacks and fraud.
To determine the best cryptocurrency payment gateway, businesses must evaluate a variety of factors. These include transaction fees and costs, supported cryptocurrencies, the security and dependability of the gateway, the level of customer support provided, and the ease of integration with the merchant’s existing payment processing system. It is also important to consider the gateway provider’s reputation and knowledge of the crypto and blockchain industries.
Decentralized crypto payment gateways accept and process cryptocurrency payments without a central authority or intermediary. It facilitates digital currency payments between merchants and customers.
A bank or payment processor processes transactions and verifies payments in traditional payment gateways. A decentralized crypto payment gateway automates and secures payment processes using blockchain technology and smart contracts.
Decentralized crypto payment gateways work as follows:
Decentralized crypto payment gateway benefits include:
For businesses that wish to accept cryptocurrency payments, selecting the best crypto payment gateway is a crucial decision. GBO’s proficiency in B2B crypto corporate services, including their crypto payment gateway, positions them as a market leader. When evaluating a cryptocurrency gateway, businesses should consider transaction fees and costs, supported cryptocurrencies, security and dependability, customer support, ease of integration, and the provider’s reputation and expertise.
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