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What products and services can I buy with cryptocurrency payments?

Thursday, 21 Oct, 2021

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Sometimes, there are things that are silently happening. Then one day, we realise that they are too big to be taken for granted. Bitcoin and other crypto currencies now are accepted widely like new normal payment methods among credit cards and bank transfers. This article is going to help readers see how popular cryptocurrency payments are and the unimaginable benefits when online stores that accept cryptocurrency start their new journey.

What products and services can I buy with cryptocurrency payments?

What products and services can I buy with cryptocurrency payments?

I. Things that you can pay with cryptocurrency around the world

Investing in cryptocurrencies is increasing notably in society. The number of people who own these virtual assets reached nearly 77.43 million Blockchain wallet users worldwide in October, 2021 according to the data of statista.com . Because of that fact, there are more needs of using Bitcoin or crypto assets to exchange with goods and services. It is true that if you have an amount of cryptocurrency in your digital wallet, you can buy many things. Even the ones that exceed your expectations. Let’s see how you can pay by cryptocurrency to purchase things you need.

1. Gift cards for anything

You may be familiar with the concept of buying gift cards to buy goods and services. These gift cards can help you to make use of their promotion offers or the convenience of exchange. With Bitcoin or other cryptocurrencies, you are possibly able to pay in cryptocurrency to purchase any type of gift card.

These companies offer products and services that make it easier for everyone to enjoy life with cryptocurrency. They sell a variety of gift cards, prepaid mobile refills, and Lightning networking services. Those products allow us to accept cryptocurrency payments or Bitcoin from anywhere in the world. There is a vast number of services that buyers can pay using cryptocurrency.

For example in the UK, online shoppers are supported with foods such as:

  • Uber eat
  • Tesco UK
  • Sainsburys in Store Digital UK
  • Farmfoods UK, Deliveroo
  • Just Eat UK
  • Starbucks
  • Pizza Hut
  • Virgin Wines
  • Harvester Uk
  • and more online shops that accept cryptocurrency in the United Kingdom

Some instances in Germany regarding retail products would be:

  • H&M
  • Decathlon
  • Adidas
  • Mango
  • IKEA
  • OBI
  • Galeria Kaufhof
  • Foot locker
  • Idea Shopping
  • C&A PIN
  • Butlers
  • and other whole bunch of online stores that accept cryptocurrency

We can pay with cryptocurrency to buy gift cards which are exchanged for anything

We can pay with cryptocurrency to buy gift cards which are exchanged for anything

2. Mobile phone top up or internet bills

With the popularity of cryptocurrency payments, more and more mobile phone recharge service providers are now welcoming the immigrant of cryptocurrency payment. If you possess a huge amount of cryptocurrency in your wallet, you can use that as a payment method to refill your mobile phone account. There are various utility bill payment services accompanied with mobile top up that you can explore, namely internet bill, subscription, game, cloud data, credit to Skype or Viber account.

We can top up mobile phone and other internet services and pay by cryptocurrency

We can top up mobile phone and other internet services and pay by cryptocurrency

3. Cars

As many of us know, Tesla has allowed its stores to accept cryptocurrency payments recently. According to Reuters news in July 2021, Tesla Inc, the electric-car maker, is expected to resume taking bitcoin payments once it completes its due diligence on the amount of renewable energy needed to create the currency.

Tesla has allowed its stores to accept cryptocurrency payments recently

Tesla has allowed its stores to accept cryptocurrency payments recently

4. Furnitures

If you are a big fan of home decors and interiors, you can decorate your lovely home with items from many famous furnishing companies and pay by cryptocurrency. Not only home lovers can purchase at brick-and-mortar stores but also online shops that accept cryptocurrency. A good representative for facilitating accept cryptocurrency payments is Overstock, an American internet retailer that sells furniture, appliances, home decor, home improvement items, outdoor equipment and decor headquartered in Midvale, Utah, near Salt Lake City.

Home decors and interiors can be purchased online and pay using cryptocurrency

Home decors and interiors can be purchased online and pay using cryptocurrency

5. Amazon gift cards

While you can buy almost anything via Amazon ecommerce platform, this website still has not yet accepted cryptocurrency payments. Don’t worry, online shoppers have more chances to solve this problem. Consumers may buy Amazon gift cards at some providers like Purse.io. Beside the best deals and discounts that customers benefit from the service, they are allowed to pay using cryptocurrency at these online stores that accept cryptocurrency.

Amazon gift cards at some providers are allowed to pay in cryptocurrency

Amazon gift cards at some providers are allowed to pay in cryptocurrency

6. Vacation - Hotel and Flights

Another factor that fulfills the abundant life for every human being is Vacation. After a hard-work period, people aspire for rest time in other places around the world. To sponsor a luxury trip, travelers have more options to pay on booking platforms and airlines companies such as Expedia. These websites accept cryptocurrency payments powered by cryptocurrency service providers which redirect the checkout process to a third party interface.

Vacation websites accept cryptocurrency payments powered by cryptocurrency service providers

Vacation websites accept cryptocurrency payments powered by cryptocurrency service providers

7. Concert tickets

For many of those who enjoy concerts and live shows, it is perfect to purchase tickets at the premium seats to watch your idols or favorite shows. With cryptocurrency payment, audiences have opportunities to reserve a seat online through a ticket website. And what to do is just wait for the best feast for eyes and ears.

With cryptocurrency payment, audiences have opportunities to reserve a seat online

With cryptocurrency payment, audiences have opportunities to reserve a seat online

8. College tuition fee

The Independent media has released a piece of news that Bitcoins are now accepted to pay for university fees. The University of Cumbria UK is to accept cryptocurrency payments - Bitcoin as payment for fees, it has announced, becoming the first public university in the world to do so.

The University in the UK are ready to accept cryptocurrency payments - Bitcoin

The University in the UK are ready to accept cryptocurrency payments - Bitcoin

Cryptocurrency payments are not just trends but it has become a new norm. It’s easier than ever to use your bitcoins without cashing it out. Merchants also need to pay attention in payment cryptocurrency to leverage the wide influence of crypto in business strategy planning.

II. Solution for online stores that accept cryptocurrency in 2021

With the growing need in cryptocurrency payments, PayCEC is pleased to provide a new solution for online shops that accept cryptocurrency. Online companies only need to integrate our API into your website. And then your website will be full of options from credit/debit cards payment to ewallet check out or cryptocurrency payments. At PayCEC, we accept cryptocurrency like a normal payment method.

What does it look like?

PayCEC payment gateway API is easy to set up on various open sources like Wordpress, OpenCart or WHMCS, etc. After successful integration, your online customers will be redirected to PayCEC checkout page to complete the cart. There are different payment options at checkout stage, depending on the demand of customers, they can choose to pay with cryptocurrency. Below image is the illustration of how cryptocurrency payment gateway looks like:

PayCEC cryptocurrency payment gateway interface

PayCEC cryptocurrency payment gateway interface

Benefits for online stores that accept cryptocurrency

The huge number of users having crypto e-wallets proves that online shops that accept cryptocurrency benefit a lot in sales and revenue when it comes to online business. Here are some advantages of cryptocurrency payments that you may be impressed with.

  • Unlimited- Look for ways to broaden your customer base by offering more payment options.
  • Implementing the new technology will be simple once businesses understand the benefits of using cryptocurrency in B2B payments.
  • Instant cryptocurrency-to-fiat conversion. The fastest and safest way to exchange cryptocurrencies, with the lowest market rate and no volatility risk.
  • Transactions that are lightning fast. Benefits from faster, global transactions that are not possible with traditional bank transfer payments.
  • Saving money on transaction fees.

By these above reasons, PayCEC believes that when we accept cryptocurrency on client’s websites, our clients get a chance to explore more potentials and step on a new prosperity.

III. How to pay with cryptocurrency?

To send and receive Bitcoins or other types of cryptocurrency payments, you are going to need a wallet to store your coins. There are a variety of e-wallets that are used by consumers today, and the most common one is mobile wallet. Like other E-money operations, cryptocurrency payments need users to apply for a mobile wallet too. Customers can create a free wallet online and they also have a private key like a digital signature.

Users need wallets for sending and receiving cryptocurrency payments

A crypto wallet is a place where you may store your cryptocurrency safely. Crypto wallets come in a variety of forms, but the most common are hosted wallets, non-custodial wallets, and hardware wallets. What you want to do with your crypto and what kind of safety net you want to have will determine which option is best for you.

There are numerous methods to keep crypto, just as there are numerous ways to store cash (in a bank account, a safe, or in your castle). With crypto, you can keep things simple with a hosted wallet, have full control over your crypto with a non-custodial wallet, take extra measures with a hardware wallet, or even have many types of wallets.

Pay by cryptocurrency - Bitcoin 101

Sending cryptocurrency payments

When customers pay in cryptocurrency, they are provided with an address in one of two forms:

  • A string of numbers and letters which can be copied and pasted into their wallet
  • QR code which customers can scan using smartphone’s camera
Enter the amount to pay by cryptocurrency

Enter the amount to pay by cryptocurrency

Customers will need to enter the amount of payment
and confirm to send

Conversion

Conversion

Convert customer’s payment into merchant’s chosen
currency after blockchain confirmation

Payment is received

Payment is received

When the payment is received, merchants will
get a notification and will see balance increase

Payment is received

If you have more questions to ask, feel free to contact us any time, we will try our best to instantly help you to answer your questions!

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About us

PayCEC was established in response to the growing need of businesses to accept online payments more quickly and easily. In the new media era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC is a truly global payments platform that not only allows customers to get paid but also withdraws funds to their Business accounts in various currencies.

We have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online and on mobile devices.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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