As a result, merchants need to start accept crypto payments on website because more people are becoming accustomed to using cryptocurrencies!
In light of this, fast crypto payment gateway presents nine steps for merchants to follow in order to accept cryptocurrency payments and take advantage of the benefits they offer.
Contents
1. The reasons why we need to accept crypto payments on website
To understand the growing appeal of cryptocurrencies, we first need to grasp their basic nature.
A cryptocurrency is a type of digital or virtual currency that uses cryptography for security, making it difficult to counterfeit or double-spend. Unlike fiat currencies, which are traditional currencies issued by governments, cryptocurrencies operate on a decentralized system powered by blockchain technology.
One of the defining features of cryptocurrencies is that they are not governed by any central authority, such as a bank or government. Instead, crypto users share the responsibility for maintaining the currency, allowing them to transfer assets directly to one another without the need for intermediaries.
Bitcoin, created in 2009 by the mysterious Satoshi Nakamoto, is the first and most recognized cryptocurrency. With its limited supply and function as a store of value, Bitcoin is often referred to as the “gold” of the cryptocurrency world.
As long as cryptocurrencies retain their value, they can be used as a payment method for exchanging goods and services, particularly in the growing world of e-commerce.
In the past four years, the global shopping landscape has shifted dramatically from in-person transactions to online purchases, increasing demand for cryptocurrency payments as an option for merchants.
This is why it’s essential for businesses to accept cryptocurrency payments on their websites—to improve user experience and potentially boost income.
2. Ways to Accept Crypto Payments On Website
Here are the 4 Steps to Accept Crypto Payments on Website, each catering to different levels of technical expertise and operational needs:
1. Using a Third-Party Payment Gateway or Processor
This is one of the most user-friendly methods for integrating cryptocurrency payments on your website. It is ideal for businesses that want to avoid the technical complexities of setting up a crypto payment system.
Third-party platforms, like XAIGATE, act as intermediaries, converting fiat payments to cryptocurrency on your behalf. This allows you to accept digital currencies without the need to manage crypto wallets or deal with the complexities of blockchain technology.
READ MORE: 5 REASONS Why Your Small Business Needs a Crypto Fiat Payment Gateway for Growth
2. Direct Payment with a Bitcoin Wallet or Custom Button
For a more straightforward solution, you can allow customers to make payments directly using your Bitcoin wallet address.
If you’re seeking maximum flexibility, implementing custom integrations through APIs is the best choice.
This approach gives you full control over how cryptocurrency payments are processed, but it requires technical expertise and development resources. By using APIs, you can create a highly specialized payment system that seamlessly integrates with your website’s infrastructure. This tailored approach allows your system to evolve with your business and adapt to changing needs.
3. Implementing Custom Integration via APIs
If you’re looking for maximum versatility, implementing custom integrations via APIs is the way to go.
This method provides the most control over how cryptocurrency payments are processed but requires a fair amount of technical expertise and development resources.
By utilizing APIs, you can design a highly specialized payment system that meets your specific needs and integrates seamlessly with your existing website infrastructure, allowing for a tailored approach that can adapt as your business evolves.
In this post, we will provide detailed instructions for accepting cryptocurrency payments on your website using a Custom Integration through APIs.
4 Steps to Accept Crypto Payments on Website by Using XAIGate Payment Gateway
XAIGate has emerged as the leading cryptocurrency payment gateway since 2024, offering a secure, user-friendly, and reliable solution for businesses. Here are the key benefits of using XAIGate to accept crypto payments:
- Low cryptocurrency processing fees: XAIGate offers affordable fees compared to traditional payment methods.
- No monthly costs: There are no monthly subscription fees, making it cost-effective for businesses of all sizes.
- Easy setup: Quick and hassle-free integration with your website.
- Invoice services: XAIGate offers customizable invoices for your transactions.
- Global payment acceptance: Accept payments from anywhere in the world with support for multiple cryptocurrencies.
- Secure transactions: XAIGate ensures end-to-end encryption for maximum security.
- Affiliation program: Earn commissions by referring others to the XAIGate platform.
- 24/7 customer support: Dedicated support team available around the clock.
- Gas station feature: A unique feature to enhance your payment processing experience.
Businesses choose XAIGATE as their Cryptocurrency Payment Gateway for Woocommerce for several compelling reasons:
- Increase Sales: Accepting cryptocurrency payments can attract new customers and simplify transactions for existing ones, ultimately boosting sales.
- Expand Global Reach: XAIGATE enables businesses to accept payments from customers around the world, helping them to reach new markets.
- Reduce Costs: Cryptocurrency payments are processed much more quickly than traditional payment methods, resulting in lower processing fees.
- Protect Against Fraud: XAIGate employs advanced security measures to safeguard businesses from fraud and theft.
These features and benefits make XAIGate a preferred choice for businesses looking to integrate cryptocurrency payments.
Following the steps below to accept crypto payments on website
1. Sign Up for the XaiGate Wallet
Create an account on the XaiGate website by entering your details and selecting “CREATE A FREE ACCOUNT.”
To activate your account, please verify your email address using the code sent to your inbox.
2. Obtain Your API Key
Navigate to the Credentials Tab to find your API key.
In the Credential Tab, you will find the API key
3. Supported Chains
Chain lD
When calling Web3 API, you can use the Network ID listed in the table below as the chain_id parameter. XAIGATE API only supports EVM-compatible blockchains for now.
We will continue to add support for new blockchains. If there is a chain that you wish to support but we do not, please let us know by reaching out to contact@xaigate.com.
4. API Documentation
Visit our API documentation page to begin your integration if you are using our REST API. Alternatively, you can also utilize our plugin available on XaiGate’s GitHub.
Merchants can easily accept crypto payments on their websites using XAIGATE — the leading crypto payment gateway since 2024—by following these four simple steps.
We hope this article helps you integrate crypto payments on your website to boost your business with the exceptional XAIGATE platform.
Remember, our customer support is available 24/7, so please reach out if you encounter any difficulties at any step. Our contact information is right HERE, don’t hesitate!
