Top Crypto Payment Gateways with Web3 Integration and Data Reporting
As the world embraces the decentralization of financial transactions, the mainstay advantages of using crypto payment gateways lie in their ability to enhance financial flexibility, global reach, and transaction transparency, positioning businesses at the forefront of the ever-evolving digital economy.
These gateways offer merchants not only a secure and decentralized method of accepting various cryptocurrencies but also provide invaluable insights through advanced data reporting tools.
0xProcessing is a crypto-processing gateway with a focus on security and maximum conversion to payment. The gateway team has developed its own technology solutions that avoid third-party risks, ensure a high level of transaction reliability and protect against loss of funds and data.
0xProcessing exists on the basis of its own blockchain infrastructure and offers a number of technological solutions aimed at improving the quality of the gateway service. For example, its own Volatility Risk Control System (VRCS) automatically converts incoming transactions into stablecoins, which protects merchant assets from volatility. This feature is complementary and can be activated upon request.
0xProcessing pays considerable attention to the service’s user-friendliness. The convenient and clear payment form interface ensures high conversion of customers to payment. Thanks to the friendly UI, the personal account is pleasant to use. Built-in dashboard provides clear and transparent analytics on transactions.
Currently, 0xProcessing offers merchants the following features:
- 0xClassic: Provides various types of classic processing, including transactions with and without a fixed amount and payments to a static wallet.
- WEB 3 Processing: Fast and convenient payment with Web 3.0.
- Recurring Payments: Enables users to subscribe to services using their Web3 wallets.
- Crypto-Fiat conversion: Merchants can accept cryptocurrency payments and withdraw funds to their fiat bank accounts via SEPA or SWIFT.
A key advantage of 0xProcessing is its extensive catalog of cryptocurrencies. Merchants can access over 50 cryptocurrencies, 22 stablecoins, and 15 blockchains. The service is highly customizable and merchant-centric and even capable of adding new cryptocurrencies upon request.
Security is prioritized at 0xProcessing. It operates on a proprietary blockchain infrastructure, ensuring transaction security and data safety. It also provides robust security systems ranging from 2FA to 5FA.
With its API, 0xProcessing smoothly integrates into a business’s payment system, with personalized merchant manager and technical support for the crypto gateway assisting in the integration process. This enables the business to easily accept crypto payments from customers worldwide.
The payment form offered by 0xProcessing is designed for high conversion rates, focusing on the following aspects:
- Simplicity and Convenience: The form is user-centric, simple, and intuitive.
- Speed: Ensures a quick and hassle-free payment process.
- Customizable Form. Provides WhiteLabel merchants with a payment form that can be customized to align with their brand identity.
Coinbase Commerce is a crypto payment gateway designed to facilitate businesses in accepting cryptocurrencies within the Web3 economy. Coinbase Commerce stands out with a swift account setup requiring only a valid email address. The service is focused mainly on the US market.
The platform offers a seamless experience for merchants, featuring customizable invoices, refund functionality (only in Coinbase-managed mode), and real-time transparent exchange rates.
The gateway provides an option of automated conversion to USDC, helping those merchants who fear to store volatile digital coins. Coinbase Commerce offers a turnkey API compatible with JumpSeller, Primer, and WooCommerce.
The platform’s broad support extends to a range of cryptocurrencies and fiat currencies, including Bitcoin, Bitcoin Cash, DAI, Dogecoin, Ethereum, Litecoin, SHIBA INU, Tether, USD Coin, ApeCoin, and Shiba Inu. The Commerce Onchain Payment Protocol allows merchants to accept hundreds of cryptocurrencies and deposit funds in multi-sig/self-custody wallets.
To further enhance user convenience, Coinbase Commerce provides transaction reporting tools for streamlined accounting, flexible invoices, custom checkouts, and more. The inclusion of a sandbox/test environment allows users to familiarize themselves with the platform before integrating it into their operations.
Coinbase Commerce implements a 1% fee for all crypto payments, collected in the settlement currency after the customer completes a payment. Notably, there are no fees associated with signing up or creating a Coinbase Commerce account.
Binance Pay is a payment gateway designed by Binance, a global leading cryptocurrency exchange. This payment solution allows to accept and receive cryptocurrency as payment, as well as initiate recurring payments and payouts. The payment gateway supports 70 most popular cryptocurrencies, and over the past year the volume of processed transactions reached $1.8 billion.
The payment gateway has a thoughtful and convenient Dashboard, where merchants see all the necessary information about payment history and planned transactions. Furthermore, merchants can generate reports on their activities giving them useful insights on their business flow.
Merchants can direct customers to a special page for payment via the API. There is a pre-order option, when merchants temporarily freeze the client’s funds and write them off immediately after the order is completed.
Merchants can create invoices and payment links, accept payments via QR code or send customers to a web-based payment page.
The payment gateway is integrated into the Binance ecosystem. Binance Pay users are empowered to make payouts such as salaries, bonuses, cashbacks using the addressees’ Binance ID, phone number or email.
To register with Binance Pay, merchants must go through the registration procedure, submit documents for merchant account opening and KYB (Know-Your-Business) or KYC (Know-Your-Customer) checks.
Merchants have various limits on accepting funds and withdrawing funds. Corporate accounts can enjoy higher withdrawal and transaction limits than individual merchants. The payment gateway is unavailable for customers in certain regions due to regulatory constraints.
BitPay, a forerunner in the cryptocurrency payment gateway sector, has been instrumental since 2011 in enabling businesses to accept Bitcoin and other cryptocurrencies. Processing over 10 million transactions, totaling $5 billion, BitPay supports major blockchain wallets, making it an attractive choice for those navigating the web3 landscape.
Recognized for robust security features, BitPay ensures secure payments, providing safeguards against fraud and chargebacks. For merchants, BitPay offers a user-friendly platform to accept cryptocurrency payments, featuring automatic conversions and withdrawals directly into the bank account for incoming payments, and an intuitive payment processing system.
Additionally, BitPay provides a streamlined solution for recurring subscription billing, allowing businesses to automate invoice creation based on selected schedule options (Once, Weekly, Monthly, Yearly), all accessible through the merchant dashboard. The platform further enhances user flexibility by facilitating the addition of multiple users to the BitPay merchant account dashboard, each assigned individual login credentials and a specific set of privileges. BitPay’s seamless approach extends to the automatic processing of underpaid and overpaid invoices, issuing corresponding underpayment or overpayment amounts to the customer. With a 1% transaction fee, BitPay emerges as a cost-effective solution, aligning with the evolving needs of businesses seeking to integrate cryptocurrency payments seamlessly.
The platform also provides an array of analytics tools through its user-friendly and advanced API, empowering businesses to monitor transactions and assess performance. Clients can efficiently manage invoices, process refunds, handle bills, access real-time rate information, review merchant ledger entries, and perform various other tasks.
The platform facilitates quick bank settlement and supports over 16 cryptocurrencies, including Bitcoin with Lightning Network payments and Bitcoin Cash, while also maintaining compatibility with various fiat currencies.
CoinPayments operates as a payment gateway, streamlining the process for merchants to access the global cryptocurrency market. CoinPayments applies a 1% transaction fee, offering a cost-effective solution for businesses seeking to accept cryptocurrency payments. Users can receive cryptocurrencies into their wallets for free up to the first $15,000/month (0.5% thereafter). However, fee adjustments may be applicable to customers in high-risk industries.
Merchants utilizing CoinPayments benefit from a range of crypto processing services and additional features. As many other crypto gateways, CoinPayments offers auto-conversion and auto-withdrawal services. Merchants can choose to store received coins in the CoinPayments wallet or send them to a third-party address upon receipt or on a daily basis. The gateway provides merchants with payment and donation buttons suitable for all kind of businesses or charities. Users can choose between a Simple Payment Button easy to install or an Advanced Payment Button with customizable features. CoinPayments allow merchants to accept both online and in person payments. The latter requires either a phone/tablet with the CoinPayments App or a computer with the CoinPayments.net account. Both methods utilize the POS feature, allowing businesses to input the charge amount, select the payment coin, and present the payment screen to the customer for completion.
The PayByName service is rather a rare feature for crypto processors. This service provides users with the opportunity to send or receive transactions using the name of wallet. Instead of entering a wallet address, senders can use the receiver’s name to send coins directly into his CoinPayments wallet.
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