Are you interested in discovering the top bitcoin payment gateways?
Merchants can receive payments in Bitcoin from their customers by using a Bitcoin gateway. Integrating a Bitcoin gateway into an app can be done in various ways, including using third-party Bitcoin gateway APIs or developing custom software. Nowadays, these payment processors also support a variety of other altcoins like Ethereum, Litecoin, Ripple, and Bitcoin Cash for buying and selling.
Coinbase, the biggest bitcoin exchange in the United States, also holds a prominent position in the global cryptocurrency exchange market. Thanks to its massive user base, Coinbase has the capability to introduce remarkable features that enhance the user experience.
Being a U.S.-based company, Coinbase must comply with all U.S. laws regarding currency exchange, which is why it is considered one of the most dependable exchanges, a crucial factor given the largely unregulated nature of the cryptocurrency market.
Apart from functioning as a standard exchange, Coinbase also doubles up as a payment gateway. It offers seamless currency conversion from Bitcoin to fiat currency, with merchants not requiring to request a withdrawal. The exchange provides this service free of charge for the first $1 million of transactions, and afterward, levies a 1% merchant fee.
Merchants can expect payments to clear in their bank accounts in the usual 2-3 day timeframe, making Coinbase a viable option for businesses of any size. However, Coinbase’s services are limited to a few countries worldwide, which is its only drawback.
Coingate offers a highly intuitive app that enables merchants to establish and oversee payments via their mobile devices. Additionally, it supports almost 40 other cryptocurrencies, providing an extensive array of payment options for merchants who use this crypto payment gateway.
Moreover, Coingate provides a diverse range of plugins, allowing for the creation of bitcoin payment buttons on any website. With all these features, Coingate remains highly attractive to users. The exchange charges a 1% fee on all transactions, which typically clear in approximately an hour.
CoinsBank is a highly user-friendly bitcoin payment processor that has garnered a favorable reputation in the industry. It is also available on mobile devices, accessible via its Android and iOS free-to-download apps.
This exceptional bitcoin gateway supports most of the major fiat currencies, including USD, GBP, and EUR. The app features a one-click instant deposit and withdrawal function, which is advantageous for high-volume traders.
Moreover, Coinsbank permits the free transfer of currency to family and friends, 24/7. All transactions occur at live market rates, affording users better control over their money. This feature is especially beneficial for traders who would otherwise miss out if they were restricted to open/close/mid-market rates.
Lastly, the platform offers advanced security measures, including a two-factor authentication system that safeguards users’ wallets. Additionally, a 24-hour customer support service is available to address any issues users may encounter.
AlfaCoins is one of the best payment processors for Bitcoin, distinguished by its unique feature of enabling payments to be divided between fiat and cryptocurrency. This is an excellent option for merchants who want to retain some bitcoin from each transaction, allowing them to hedge their bets without risking the entire amount.
Although AlfaCoins charges a slightly lower transaction fee of 0.99%, it does not offer the $1 million worth of free transactions that Coinbase provides. Nevertheless, AlfaCoins imposes no additional fees to install the bitcoin payment system and does not require a subscription. Another added benefit is that AlfaCoins can be utilized in any country except Iran and North Korea. Funds can be withdrawn in USD or Euro.
PTPShopy is a cryptocurrency payment gateway that integrates seamlessly with popular platforms like WordPress and Shopify, making it effortless to enable crypto payments for your online store. The installation process is straightforward, and the company provides comprehensive instructions and support if you encounter any issues.
The Instant Payment Notification (IPN) feature of PTPShopy’s Cryptocurrency API allows easy connection with your website, platform, or mobile app. With the invoice payment format, customers can make purchases in just a few clicks, making it easier for them and generating more revenue for you.
PTPShopy isn’t just for online payments – it also allows you to accept payments at retail stores and trade shows, bypassing the need for a traditional POS system. This feature makes it an ideal solution for the iGaming industry, where security is critical. Cryptocurrency payment solutions offer a simple and secure alternative, and PTPShopy is a leading example.
Shopify is a highly trusted and reliable cryptocurrency payment gateway that has gained popularity among merchants worldwide for facilitating bitcoin payments. The setup process is simple and user-friendly, and customer support is readily available to assist with any difficulties that may arise. The platform is loaded with useful features, including APIs that enable integration with Coinbase and other payment gateways for easy and transparent payment processing.
However, merchants must create a Shopify merchant account to use the payment processing feature. Transaction fees will vary based on the payment processor selected by the merchant.
BitPay provides a convenient feature where users can set the withdrawal transaction speed according to their preferences. This is particularly beneficial for merchants who require regular withdrawals at specified intervals. In addition, BitPay offers a two-factor authentication feature to ensure account security.
The setup and operation of BitPay are straightforward and user-friendly, catering to non-technical merchants. BitPay offers a free daily transaction limit of $1,000 and an annual transaction limit of $10,000 before a 1% transaction fee is applied, making it an ideal option for small businesses and startups. However, the limitation of direct bank deposits to only 38 countries is a downside for those outside the supported areas.
GoCoin offers simple and uncomplicated API that makes it a popular choice among developers worldwide. In addition, it provides various plugins for integration into different e-commerce platforms, including Shopify.
GoCoin has earned a reputation for excellent customer service, and it supports payouts in USD with a fixed transaction fee of 1%. With only a few exceptions, it is available in almost all countries, making it a feasible option for merchants across the globe.
BitcoinPay stands out as an excellent option for merchants seeking the lowest transaction fees among bitcoin payment gateways. With just 0.8% charged on all transactions, it is the most cost-effective option available. Despite its low fees, BitcoinPay provides rapid withdrawals, with funds available within seconds.
This payment gateway also facilitates payments to bitcoin wallets and other e-wallets, as well as bank accounts, making it a versatile choice for businesses serious about cryptocurrencies. Additionally, BitcoinPay provides clear and comprehensive reports, allowing merchants to review transactions with ease. Its plugins are available for several shopping platforms, including Magento, WooCommerce, OpenCart, and PrestaShop, making it accessible to a wide range of merchants.
If you’re searching for a solution to accept Bitcoin without a bank account, GoURL is a viable option. It works with major Bitcoin wallets and can even work with Bitcoin debit cards like BitPay’s, making it an appealing choice for users who prioritize anonymity. The platform’s WordPress plugin is highly regarded, and it has been rated as one of the best payment gateway plugins for the platform.
GoURL provides a clear payment breakdown, making order management straightforward, and payments are received reliably within 30 seconds of being transacted. Additionally, merchants can set up 1-click payments on their sites using Monetiser Online.
However, GoURL does have a few drawbacks as a payment gateway. Firstly, it does not offer direct bank transfers, which may be a frustration for some businesses. Secondly, its fees are relatively high compared to other payment gateways on this list. GoURL charges a 1.5% fee on all payments made through a website and 3.5% for using Monetiser Online. These fees are comparable to credit card fees, so it is unlikely that any merchant will choose GoURL to save money.
PayAABB, a crypto payment gateway, developed by Asia Broadband, Inc. (OTC:AABB), will connect you with the rest of the AABB solutions to provide a highly lucrative tool for both businesses and customers. PayAABB supports over 400 digital coins for both online and offline transactions, enables cross-border payments and facilitates instant payments. The platform boasts a 99.95% security rate, with SSL certification, Google 2FA, Google Authenticator and additional encryption security features developed by AABB.
Transactions made through PayAABB are practically irreversible, which eliminates chargeback risks for businesses. The setup process is quick and simple, with the option of adding it as a plugin to an existing online store or using it as a mobile app on the go, without the need for any hardware or merchant fees.
PayAABB can be used for both B2B and B2C transactions, and merchants can set up referral programs to incentivize other merchants to utilize the platform, earning commissions on each transaction.