Whether you’re new to cryptocurrency or you have some experience trading you probably want to know what are the best Bitcoin payment gateways out there if for nothing other than reference purposes.
While being an exciting, new transactional medium, cryptocurrency does have a bit of a Wild West feel to it all – and that’s where reputable, stable Bitcoin payment gateways are invaluable to a cryptocurrency-based merchant.
Offering stability, security, and universality, these popular Bitcoin and cryptocurrency payment gateways enable merchant to charge for their products services in cryptocurrencies conveniently
Because, let’s face it, as awesome as cryptocurrencies are, there are tons of predators out there looking to take advantage of individual merchants or even ripping off even entire platforms. Like robbing a bank but with even less evidence, the reliability and security of a payment gateway rests at the forefront of many merchants and consumers and will likely continue to be a major driving concern on into the foreseeable future.
That’s why a list of the top 7 Bitcoin & cryptocurrency payment gateways is not only useful but timely. Here we will talk about 7 different Bitcoin & Cryptocurrency payment gateway, their strengths, and why they might work for you as a merchant. Ultimately the decision is yours, but this guide should help you along the way.
Top 7 Bitcoin & Cryptocurrency Payment Gateways
As one of the premier cryptocurrency exchanges in North America and as one of the most popular worldwide, Coinbase not only has a huge community of users but is backed by some powerhouses of the investing world as well. Coinbase Commerce is one of the latest offerings by coinbase that enables every merchant to accept a range of cryptocurrencies directly into their wallets. The services could be directly integrated into the merchant checkout flow or added as one of the payment options on major ecommerce platforms. ( They have recently teamed up with Shopify )
Coingate is for the merchant that might be looking beyond just accepting just a handful of cryptocurrencies that Coinbase offers. Using the gateway, merchant will be able to accept more than 50+ types of cryptocurrencies. This variety of cryptocurrencies makes Coingate appealing for merchant may want to try accepting crypto payments for their goods and services in other cryptocurrencies than Bitcoin, Litecoin and Etheruem.
Alfacoins has a lot of the features of Coinbase and Coingate offers but is relatively a lot harder for novice merchants to use. That said, if you’re in need of an international option, Alfacoins works everywhere but North Korea and Iran so you’re pretty much guaranteed to be able to perform a transaction almost anywhere around the world if you use Alfacoins. Probably better suited for the user that knows what they’re doing and is comfortable with some web development, Alfacoins is a great platform that might meet the needs of an exclusive group of merchants better than Coinbase or Coingate.
Another service geared towards merchants, Bitpay is a powerful tool in any online merchant’s arsenal with speedy payment and awesome security features. For people who do heavy volume in cryptocurrency transactions online there is even an adjustable interval that merchant can set for automatic withdrawals, enabling merchants to automate deposits to a fiat currency bank account without having to manually perform the steps. One major drawback to Bitpay is that it is not available everywhere - being mostly confined to major international markets - and this might hamper an online website with a global customer base.
A stripped-down version of Bitpay, GoCoin offers API plugins for a variety of online merchants including shopify and charges people a flat transaction fee for withdrawals which must be performed manually. It only pays out cryptocurrency in dollars but offers its service around the world so you have the trade off on limited fiat currency options with general global accessibility.
6 Bitcoin Pay
Easily offering the cheapest transaction fees for merchants that want a Bitcoin payment gateway for their website, Bitcoin Pay is tough to beat and, best of all, has an awesome reporting feature for merchants to help them keep track of transactions over time. The only real drawback is that it is limited to Bitcoin but apart from that Bitcoin Pay is the most competitive Bitcoin payment gateway service specifically geared towards online merchants.
CoinPayments is easily one of the most user-friendly payment gateway for all merchants looking to accept payments in cryptocurrencies. It offers plugin for almost all popular webcarts and ecommerce platform in the market today, including woocommerce, shopify, magento and so forth. It also offers mobile apps which enables you to manage your payments and funds on-the-go. It claims to be the largest and first payment processor that supports more than 960 cryptocurrencies. If you’re a merchant that wants to set up a robust online shop that accepts crypto payments hassle free then CoinPayments is the platform of choice and really one of the best out there.