Leading crypto payment processor CoinsPaid is ready to re-haul DeFi

This crypto payment processor supports a large number of coins and fiat, as well as all major world languages. The entire crypto payment processor is programmed as simply as possible to provide the maximum number of the most useful functions to each user. The company’s customers will soon realize that paying with CoinsPaid is much more convenient than bitcoin payment service with a traditional bank card. After all, payments, in this case, take much longer, commissions can reach 3%, and the transfer risks being blocked by the bank if the operation seems suspicious. At the same time, the commissions for all transactions are not at all high and are significantly lower than those you have to pay when using a bank card.

Especially to help get businesses onboarded for accepting crypto payments. A survey published by CryptoLiteracy.org found that 96 per cent of Americans don’t understand the basics of cryptocurrencies. The crypto industry needs to make a concerted effort to educate consumers about the fundamentals of crypto and businesses to implement it into their operations. Therefore, it prevents third parties from taking interest in ongoing transactions and other activities. Therefore, merchants can rely on Coinremitter for accepting crypto payments safely. While the blockchain technology that powers crypto transactions does help to make these payments more secure, that does nothing to defend against nefarious intentions. Because it is still early days, there is insufficient regulation of these payments.

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CoinAcquiring facilitates OCT payment by utilising the push payment capabilities of the Visa OCT and MasterCard MoneySend services. This is most similar to Bitcoin; however, the company have moved quickly to develop faster payments and processes to allow more transactions to take place. Spectrocoin has managed to climb to the top of the charts for two basic reasons. Secondly, https://www.tokenexus.com/ and more importantly, it allows instant exchange of funds. A combination of these two aspects makes Spectrocoins become a heavily used gateway in developed economies such as Italy, Australia, France, etc. Spectrocoin has a high level of compatibility with almost all the popular eCommerce CMS platforms such as Magento, OpenCart, PrestaShop, VirtueMart, WooCommerce, etc.

Confirmo has no monthly fees, no costs for the initial setup, and no commitment required. With their payout solution, you can automatically send crypto payments from available US dollars or Euros balance. They are also in partnership with fiat settlement providers, helping merchants settle funds to their bank accounts in 8 international currencies. It also works as a Bitcoin wallet, so merchants can keep all their funds secure. Our partners’ payment gateways will allow you to process debits, credits, refunds, recurring & subscription billing, original credit transactions . Merchants and sellers who do not have any prior knowledge of programming can integrate the gateway all by themselves. Considered one of the most user-friendly payment gateways, TripleA offers a WooCommerce pluginand an APIs.

Why do customers want to use cryptocurrency?

Cryptocurrencies have no border, meaning cryptocurrencies can be used to trade no matter where you are in the world. It’s almost like when the internet went from an entirely desktop experience to a mobile and desktop experience. Right now, we are in that in-between time that the commercial web was in pre-iPhone. For more people to jump to the mobile internet, it took better hardware and a better UX/UI design. German investors are also said to be very interested in adopting cryptocurrencies. According to a March 2022 report by KuCoin, 44% of Germans are willing to invest in cryptocurrencies, and 37% of German crypto investors have been trading cryptocurrencies for over a year.

• As a result, many solutions today still feel like workarounds that are less than perfect.
• We give plain English advice in the following areas; merchant accounts for cryptocurrency mining and trading and merchants wishing to accept cryptocurrency through online or face to face transactions.
• However, it is fair to say that just as with traditional currency, those use cases can be considered the extreme.
• You need to be very careful in this aspect and take care of your digital key.
• Merchants are free to cancel their service with BitPay whenever they want, however, they should expect funds to be withheld.
• CoinAcquiring facilitates OCT payment by utilising the push payment capabilities of the Visa OCT and MasterCard MoneySend services.

It reported that it will shift manufacturing of all plastic credit and debit card products to at least 80% recycled plastic by 2023. The payment platform performs the internal purchase request processing and sends it to the provider’s service. If your crypto business has a requirement to receive fiat based deposits from consumers by wire transfer, then CoinAcquiring has a solution for you. For European transfers we can offer an incredibly low cost SEPA based account solution for merchants looking to receive real time wire transfers. For consumers who are located outside of the EU, accounts able to receive SWIFT/Wire transfers are also available. If you’re looking to invest in cryptocurrencies, it’s essential to be aware of the potential fees involved.

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In addition to some of the technological infrastructure mentioned earlier, other significant components needed infrastructure-wise are more geared toward business logistics. One challenge for business owners accepting crypto payments, especially at a meaningful scale, is the accounting and tax reporting implications. This is especially true because crypto is such a volatile asset.

And since cryptocurrencies are not a generally recognized official asset, your funds are not insured, and no one will compensate you for your losses. You need to be very careful in this aspect and take care of your digital key. Cryptocurrencies are still a very volatile asset, the market price of which can change literally in seconds. Here it is worth remembering, for example, Dogecoin, which, after the tweets of the American billionaire Elon Musk, jumped or fell in price by thousands of percent at once. Even the more stable cryptocurrencies, such as bitcoin, are by no means without this drawback.

Crypto payments to reach New Zealand and Australia via Alchemy Pay and ePayments partnership

At this time, AlfaCoins accepts Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash or XRP, and Litecoin Testnet. The subscription fee is free and installing the Bitcoin payment system is at no cost. AlfaCoins can be used in any country throughout the world, with the exception of North Korea and Iran. Fee’s start from as little as 1%, with the most providers charging 0% for the first lot of transactions up to a certain amount. Our expert advisors can help with accepting any type of cryptocurrencies.

• Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service.
• The decentralised nature of cryptocurrency means that it’s assessable to all, however banks and building societies can be selective as to who they do business with.
• AlfaCoins can be used in any country throughout the world, with the exception of North Korea and Iran.
• Much more common is purchasing Bitcoins on special Bitcoin marketplaces like Bitcoin.com.
• Access transaction histories, sub-accounts, multiple APIs, currency accounts, permission-based accesses and so much more.
• Payza is a leading global online payment solution that supports multiple cryptocurrencies.
• The better word to describe these transactions is ‘secure’ for two main reasons.

Another benefit is that CoinsBank provides transfer of currency to friends and family 24/7 and at no cost. When customers have problems with purchasing a product/service, they will contact customer service. If customer service is slow or unreliable, potential customers will be lost. Therefore, it is vital to have a good customer service strategy when choosing a payment gateway for your business. If you don’t have a reliable and efficient customer support team that can handle inquiries quickly, this might lead to lost customers. A solid customer service strategy is essential when deciding on the right payment gateway for your business. The company’s products are all backed by a guarantee of total reserves, as stated in their terms and conditions.

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To date, CoinsPaid, the best crypto payment gateway of 2022, processes over 7% of all on-chain transactions in the Bitcoin market. The service already has more than 800 customers who recommend the company to other users worldwide.

Author: Omkar Godbole