Crypto payment gateways are steadily gaining popularity among businesses for various reasons. Business owners get to enjoy the immense benefits of cryptocurrencies and crypto payment gateways. For business owners looking to maximize profits and enjoy swift transaction processing, here are the top 7 crypto payment gateways for your business in 2024.
What are crypto payment gateways?
Crypto payment gateways refer to DeFi solutions that allow merchants to accept cryptocurrency payments from users. The operation of an average crypto gateway is similar to the payment processor you use at the checkout session; instead, there are additional benefits.
For business owners, a crypto payment gateway eliminates the financial barrier set by traditional financial organizations. In addition, operation costs are drastically reduced, as most crypto payment gateways charge less than regular payment processors. Businesses using crypto gateways earn more as it allows for the easy payment of goods and services, regardless of geographical location.
Top 7 crypto payment gateways of 2024
There are numerous crypto payment gateways, each offering similar yet distinct features. Some of the top cryptocurrency payment gateways for business owners in 2024 include:
- PTPShopy
PTPShopy is a cryptocurrency payment gateway that provides merchants with several decentralized financial options. PTPShopy offers the ideal solution for all business owners, encompassing cryptocurrency PoS payments, crowdfunding, and even cryptocurrency invoicing. The PTPShopy cryptocurrency invoicing solution has many advantages. It can be used by business owners to accept payments, compile and send bills to clients, create and mail online receipts for payment verification, and handle all types of cryptocurrency subscription payments.
PTPShopy costs a 0.95% service fee, which is reasonable for all bad owners, in addition to these several advantages. Withdrawal is free to guarantee you save money and get better services. Additionally, Web 3 connectivity is feasible, and businesses can even receive real-time transaction notifications. The intuitive layout of PTPShopy makes it easier for both inexperienced and seasoned experts to navigate. To begin, you don’t need to know a lot about anything, and merchants have access to a multitude of tools that can streamline productivity.
- BitPay
BitPay is a popular crypto payment processor that was established in 2022 to allow business merchants to accept payments via Bitcoin. Being one of the pioneering payment institutions, BitPay laid the foundation for future payment gateways, allowing users to directly fund their chosen sellers’ accounts. This payment gateway is also available in over 36 countries and provides additional financial services like providing and facilitating crypto card payments.
BitPay supports multilingualism by supporting different languages. The crypto gateway interface is easy to read and navigate. It is also an open-source crypto institution that allows for flexibility and can also be integrated with hardware crypto wallets like Ledger and Trezor. However, it does not support multiple cryptocurrencies and currently allows for the transaction of only Bitcoin (BTC) and Bitcoin Cash (BCH).
- CoinGate
CoinGate is another popular crypto payment gateway for business owners. Established in 2014 in Vilnius, Lithuania, CoinGate supports business merchants all around the world, providing an avenue to trade Bitcoin, Litecoin, Ethereum, and other cryptocurrencies. With a vision of expanding the adoption of cryptocurrencies all over the world, CoinGats provides a stable payment infrastructure that is well-developed to suit both business merchants and their prospective customers.
The CoinGate API is an effective and multi-compatible framework that allows for the easy transaction of cryptocurrencies, with the option of exchanging them for an equal amount of fiat currencies, usually in dollars, euros, pounds, or other cryptocurrencies.
- SpicePay
SpicePay is one of the popular crypto payment gateways for merchants to accept cryptocurrencies and also trade them easily. This platform allows for the seamless integration of the SpicePay API into your website and e-commerce store to allow merchants to accept crypto payments without incurring expensive chargebacks. However, SpicePay is only available to interested users residing in South America, South Asia, and Eastern European markets.
- Coinbase Commerce
Coinbase Commerce is a subsidiary of the giant crypto organization Coinbase. This crypto subsidiary supports multiple cryptos, including the popular ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Coinbase Commerce can be easily integrated into e-commerce platforms to allow business owners to accept crypto payments from customers. There is also room to customize payment options on the website, and the Coinbase Commerce API integration provides additional features like real-time notifications for successful payments that simplify business transactions for business owners.
Coinbase Commerce upholds the security of every merchant and user through PCI DSS compliance. It also includes extra security measures like two-factor authentication and other complex encryption processes to protect the financial security of users. Non-profit organizations can also use Coinbase Commerce to conduct their fundraising events easily.
- BinancePay
Like Coinbase Commerce, Binance Pay is a subsidiary product of Binance, another popular crypto and DeFi service provider. Binance Pay offers merchants and users a wide range of services, such as crypto staking, trading, farming, and even lending. Binance Pay is compatible with the unique and high-performing blockchain network, Binance Smart Chain.
This crypto gateway offers multiple incentives, and one such is “Crypto Cashback,” which rewards users that conduct transacts with Binance Pay. This unique feature is highly beneficial to business owners looking to maximize their profits and earn extra cash. Binance Pay is embedded with a comprehensive solution that can assist merchants while conducting business. Merchants can use the invoicing features to automatically generate and send invoices to users.
- io
GoUrl.io is a great crypto payment gateway and an excellent alternative to traditional options. This payment processor supports multiple cryptocurrencies and also accepts all the Bitcoin debit cards provided by BitPay. For merchants in need of high anonymity while conducting business, GoUrl.io offers and protects users’ financial information. In addition, GoUrl.io has a WordPress plugin that can be integrated easily and also guarantees the prompt execution of crypto translation within 30 seconds or less. However, GoUrl.io does not support direct bank transfers, and the fees incurred are quite high when compared to other crypto gateways in the crypto space.
Why should businesses choose PTPShopy?
PTPShopy gives entrepreneurs and retailers instant access to cross-border payment processing. It is a crypto gateway processor that works with more than 10 eCommerce websites and provides quick and inexpensive payment processing. The merchant and users can explore PTPShopy’s website with ease and without expert help, which is one of its best features.
Overall, Making international payments with cryptocurrencies is simple and doesn’t require any initial funding.