The world of cryptocurrencies, particularly bitcoin, has experienced remarkable growth in recent years. With over 5,300 different types of digital currencies traded in the market, the total market value has exceeded $895 billion. The industry research indicates that the global bitcoin payment ecosystem will reach a value of US$630 million by 2025, with an annual growth rate of 23.4 percent between 2020 and 2025. In this article, we’ll examine the leading bitcoin payment gateways, compare their services, and identify the key characteristics that set apart the top crypto payment processors in the market.
Best Cryptocurrency Payment Gateways for Ecommerce
Discover some of the top cryptocurrency gateways that accept bitcoin and other digital currencies as payment. In addition to Bitcoin, these crypto payment processors enable merchants to accept Ethereum, Ripple, Litecoin, and other major currencies. Explore the finest options for accepting cryptocurrency payments in this comprehensive list.
Coinbase
Coinbase, one of the largest cryptocurrency exchanges, provides crypto payment gateway services through Coinbase Commerce. This secure and speedy gateway allows merchants to receive payments without intermediaries.
Coinbase Commerce is available in over 100 countries and supports various payment methods, including bank transfers, deposits, debit and credit cards, PayPal, and 3D Secure credit cards, depending on the location.
Online stores seeking a dependable crypto payment solution can benefit from the integrated services of Coinbase Commerce with popular e-commerce platforms such as Shopify, WooCommerce, Magento, and OpenCart. This gateway supports various cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, USD Coin, and DAI.
With two available plans, both charging a 1% transaction fee, Coinbase Commerce is an ideal payment solution for merchants seeking a reliable and convenient way to accept cryptocurrency payments.
GoURL
GoURL is an open-source crypto payment gateway that prioritizes user anonymity. Although it doesn’t support direct bank transfers, payments can be completed in just 30 seconds.
For those without a website, the Monetiser Online service enables you to receive cryptocurrencies, albeit at a 3.5% transaction fee. However, if you’re receiving payments via Bitcoin or altcoins on a website, GoURL charges only a 1.5% commission.
GoURL’s Bitcoin Payments plugin facilitates integration with WordPress sites, making it simple to use. Registration on the platform is free, and there are no fees for Speedcoin payments. With its emphasis on anonymity and speed, GoURL is a great option for merchants looking for a secure and easy-to-use crypto payment solution.
NOWPayments
NOWPayments is a well-known player in the crypto payments industry, offering low-cost and easy-to-implement noncustodial gateway solutions. Its API and selection of pre-built plugins enable businesses to accept over 100 cryptocurrencies seamlessly. Established in 2019, NOWPayments also provides fiat conversion, a PoS solution, and bulk payment capabilities. The gateway is compatible with popular eCommerce CMS systems like WooCommerce and OpenCart. Fees are capped at 1%, comprising 0.5% per transaction and 0.5% for automatic exchanges, if needed. Overall, NOWPayments is a reliable and cost-effective solution for merchants looking to accept cryptocurrencies.
Blockonomics
Blockonomics, an advanced bitcoin payment processor, offers a permissionless and secure payment method without requiring third-party authentication or additional API connectivity. Its unique payment system allows customers to easily pay with bitcoin by scanning the QR code on the merchant’s website or through digital wallets. With built-in integration with Shapeshift, Blockonomics supports a wide range of cryptocurrencies. The platform charges a 1% fee and is popular among businesses in major economies such as the United States, Germany, France, Canada, and the United Kingdom.
CoinGate
CoinGate is a leading cryptocurrency payment gateway that offers merchants a seamless payment experience. In addition to accepting cryptocurrencies, it also allows payments in traditional currencies such as USD and Euro. With support for over 70 cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple, CoinGate ensures secure storage of most cryptocurrencies in cold storage and charges a standard 1% transaction fee on all transactions.
Merchants can integrate CoinGate into their website with ease via an API application programming interface and plugins for popular eCommerce platforms like WooCommerce and Magento. Withdrawals can be made through Bitcoin or SEPA, and invoices can be sent via email or link.
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Spectrocoin
Spectrocoin is a leading cryptocurrency payment gateway due to its free wallet and fast cash exchange features. It is particularly popular in Italy, Australia, and France. Spectrocoin is compatible with most popular eCommerce CMS systems, including Magento, OpenCart, PrestaShop, VirtueMart, and WooCommerce.
Spectrocoin’s APIs can be easily integrated into websites, allowing for seamless Bitcoin and cryptocurrency transactions. The platform also offers a unique feature – a bitcoin debit card. With a transaction fee of just 1%, Spectrocoin provides user-friendly crypto-to-fiat conversion and fiat currency payment options for sellers.
CoinPayments
CoinPayments offers a wide range of cryptocurrency support, with over 1200 coins accepted. Transaction fees start at just 0.5 percent. The gateway also provides crypto-to-fiat conversion services for each supported currency. CoinPayments is fully compatible with popular eCommerce systems such as Shopify, OSCommerce, Magento, and WooCommerce.
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