The increase in consumers usage of cryptocurrency in recent years has prompted many online ecommerce owners to adopt a cryptocurrency payment gateway for website into their business workflow. In this article, let’s dive into the world of cryptocurrency payment gateways with XAIGATE and discover the most suitable plugin to use for your online websites.
What is a cryptocurrency payment gateway?
Function of a cryptocurrency payment gateway
First, let’s discuss what a cryptocurrency payment gateway for website is and why it is needed for cryptocurrency exchange.
A cryptocurrency payment gateway serves as a bridge between business owners accepting digital currencies and customers paying for goods and services. A cryptocurrency payment gateway provides shopping cart infrastructure for accepting cryptocurrency as well as offers additional benefits like protecting business owners from crypto price volatility, currency conversions discrepancy, and invoicing.
Do you actually need a cryptocurrency gateway to accept crypto as a payment method?
Technically, cryptocurrency can be transferred peer-to-peer between wallets with hashes via crypto apps or QR codes without the use of a crypto payment gateway. However, this method of sending and accepting crypto poses the problem of crypto’s price volatility and makes it tricky when you are operating an online business. Moreover, you, as the business owner, might not be into collecting crypto yourself. Thus, using a cryptocurrency payment gateway for website can protect you from crypto’s price volatility problem and let you control how much crypto you want to keep as well as what currencies you want to receive on your end.
Important features of a cryptocurrency payment gateway for website integration
When considering the best cryptocurrency payment gateway for website to integrate into your business, there are things to look into to make sure you have done thorough research before making a crucial decision.
Essential features
In order to choose a cryptocurrency payment gateway for your ecommerce business, it is important to consider its essential operational features and weigh between different options on the market.
- Transaction speed: The gateway’s transaction processing time is crucial to improving customer experience when using your online business. Therefore, the swiftness with which a cryptocurrency payment gateway for website processes its transactions can be a make or break deal for many shop owners.
- Supported Cryptocurrencies: When selecting a crypto payment gateway or plugin, it is essential to look into what digital currencies are accepted so that you can reach more customers by accepting a wider range of payment currencies.
- Fee: Doing diligent research into crypto gateway fees (such as transaction fees or maintenance costs) would make sure you know how much you will be charged when using the gateway.
- Mobile compatibility: In an era we are living today where smartphones and apps are used for almost everything, a mobile-compatible gateway is undoubtedly mandatory. As your business continues to grow, you should also make sure that the system is capable of handling a larger volume of transactions to make sure there is no disruption to your ecommerce store.
- Supported transactions: Different gateways support different types of transactions (e.g. Peer-to-Peer, Business-to-Business, and Point-of-Sale). You should make sure to choose a gateway that can meet your website operational requirements.
- Customer support: In order to make sure you can integrate the cryptocurrency payment gateway for website into your business seamlessly and can get help should problems arise, it is crucial to have a responsive customer support system in place from the gateway developer to provide guidance.
- Additional features: Multilingual support and extra security are two of many additional features that different gateways can offer and set themselves apart from competitors on the market. Depending on your specific needs, you can look into these additional features as well to aid your decision-making process.
Read more on: 5 Best Cryptocurrency Payment Gateway for WooCommerce
Best cryptocurrency payment gateways 2024
XAIGATE
XAIGATE is a secure and user-friendly crypto payment gateway that allows businesses to accept cryptocurrency payments from customers around the world. Using XAIGATE, businesses can easily integrate crypto payments into their websites and ecommerce stores. Some of XAIGATE outstanding features include:
- Low crypto processing fees
- No monthly maintenance cost
- Easy setup: User-friendly UX/UI
- Invoice services: XAIGATE assist clients with requesting payments and processing them through our blockchain API.
- Global payments: We accept crypto payments from all over the world.
BitPay
BitPay is considered one of the best cryptocurrency payment gateway for website that supports multi-currencies and help store owners avoid crypto’s price volatility problem. Some of its special features are below:
- Best for avoiding price volatility
- 15 different types of cryptocurrencies are accepted
- Competitive transaction fee at 1% + $0.25
Coinbase Commerce
Coinbase commerce is a popular payment gateway that offers seamless and easy integration into ecommerce sales platforms. The advantages of using Coinbase Commerce for your business include:
- Customizable checkout page that you can change in the plugin settings
- Connectivity to Coinbase crypto exchange
- Using the Coinbase-managed plan, Coinbase Commerce also shields shop owners from crypto’s volatility problem.
- Crypto wallet support
AlfaCoins
AlfaCoins is a crypto payment gateway aimed at making crypto payments easy and secured for legal business entities. Some of its special features include:
- Instant payout and processing of incoming payments
- Competitive crypto exchange rates
- Auto-withdrawal features with no extra fees
- Support multiple major cryptocurrencies such as Bitcoin, Dash, Litecoin, and Tether
- Works in all countries except for Iran and North Korea.
If you are interested in taking the step to expand your business by integrating a cryptocurrency payment gateway into your online websites, XAIGATE will be happy to assist you every step of the way. With our professional team of experts, you can rest assured our crypto payment gateway will be seamlessly and securely integrated into your business workflow.
Next on XAIGATE: The Ultimate Crypto Payment Gateway for Global Sales
