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Best Cryptocurrency Payment Gateway To Gain Lucrative Sales For Businesses

Monday, 18 Apr, 2022

Cryptocurrency is a new concept, and it is hard to understand in a world where exchangeable value has always been placed on tangible assets. This article is for business owners interested in learning about cryptocurrency as a payment method, and which is the best global payment gateway to collect crypto payments and fits their business model.

best global payment gateway

1. Why should businesses accept cryptocurrency payments?

Businesses might choose to accept cryptocurrency for many reasons:

Convenience for customers

Convenience for customers

If you are a merchant and sell your goods or services online through an e-commerce platform, you may already take various payment methods based on what your customers prefer to use. It can attract customers who use crypto as it offers customers additional ways to pay.

Why should businesses accept cryptocurrency payments?

Let's imagine how you would feel when customers are on the check out page, and they choose to quit the phase, just because they want to pay in cryptocurrency such as Bitcoin, but your site does not have a payment gateway for cryptocurrency.

Sometimes, there are many shopaholics who buy products and services online with credit cards, however their cards exceed the limit and they cannot proceed to the payment step. Therefore, your sites need to offer alternative methods to avoid cart abandonment by integrating the best payment gateway for cryptocurrency.

The currency of the future

The currency of the future

Merchants choose the best cryptocurrency payment gateway based on their priorities regarding security, privacy, and convenience. According to Yahoo Finance , there were 10 major companies worldwide that started accepting crypto payments in 2021. Several leading companies have taken advantage of the best payment gateway for cryptocurrency to enable cryptocurrency acceptance, including Microsoft, Etsy, and Shopify, ect.

Cryptocurrency is at the forefront of technology.

Cryptocurrency is at the forefront of technology.

Many payment gateways for cryptocurrency offer the option to integrate with a merchant’s e-commerce website, allowing for a seamless transaction process both for the customer and the merchant.

Avoid fraud and chargebacks

Avoid fraud and chargebacks

Cryptocurrency function is a type of Blockchain application, which is a sort of distributed ledger technology (DLT), or a subset of it. DLT is a method of storing and distributing data across various data stores (also known as ledgers), each of which contains the same data records and is managed and controlled by a distributed network of computer servers known as nodes.

Blockchain technology helps provide extra protection to minimize certain kinds of fraud, such as eliminating the threats of stolen sensitive data shared across a business network. You can rest with mind at ease knowing that if the company suffers an attack, your funds are still safe.

KEY TAKEAWAY

  • By accepting cryptocurrency as a payment method, you can reduce your transaction processing costs, protect your business from excessive chargebacks, expand your market, and cater to consumer preferences.
  • Cryptocurrency uses blockchain technology to facilitate payments and digital transactions, as well as increases trust, security, transparency, and the traceability of data shared across a business network.
  • Cryptocurrency function is a type of Blockchain which helps prevent fraud and unauthorized activities to protect user data through decentralized identity and other privacy mechanisms.

2. How do merchants accept cryptocurrency payments?

Sellers need to have a merchant account and a payment gateway for cryptocurrency to collect crypto payments. The PayCEC’s best cryptocurrency payment gateway will allow businesses to accept payments from customers in crypto with hassle free-effort.

The best cryptocurrency payment gateway acts as transaction facilitators between merchants and customers for processing crypto payments. By utilizing the best cryptocurrency payment gateway, merchants can easily accept cryptocurrencies like Bitcoin, Ethereum, Litecoin, stable coins, and more.

How do merchants accept cryptocurrency payments?

PayCEC’s the best cryptocurrency payment gateway provides merchants with e-wallet and merchant account registration that helps them save tons of time. The best cryptocurrency payment gateway removes much of the anxiety, confusion, disinformation, and speculation that can come from a decentralized and unregulated source of value.

PayCEC’s the best cryptocurrency payment gateway will help you to significantly simplify the process of consolidating your funds and setting up your conversions and transfers.

3. What are the expectations of merchants about the best payment gateway for cryptocurrency?

Security

Cryptocurrencies cut out the middleman in a transaction. As data breaches and hackers become more sophisticated, cryptocurrencies sound more appealing to consumers looking for a safer way to do business. Buyers transfer funds directly to sellers without the third parties traditionally used to process payments.

Technological expertise

Building a payment workflow is a time-consuming job that demands technological expertise. Third-party payment tools address this need by giving businesses a way to quickly start accepting crypto payments.

4. What is a payment gateway for cryptocurrency?

Payment gateway for cryptocurrency act as transaction facilitators between merchants and customers for processing payments.

What is a payment gateway for cryptocurrency?

Advantages

  • A payment gateway for cryptocurrency removes the anonymity of who you're dealing with while maintaining your customer's preference for it.
  • You have someone to contact if there are payment issues.
  • You can accept payments from anywhere in the world, in any cryptocurrency your provider will take.
  • You receive the funds in the account with your provider, who transfers them to you.
  • You don't have to worry about or attempt to understand cryptocurrency.
  • A payment gateway for cryptocurrency reduces the risk of losing value waiting for a transaction to be verified by the cryptocurrency's network.

5. How does the payment gateway for cryptocurrency work?

You don't have to worry about or attempt to understand cryptocurrency. If you're a business owner and understand how cryptocurrency works, you might not have any reservations about accepting it. Overall, the process is similar to getting set up with a credit card processing company.

There are a few steps you'll need to take.

There are a few steps you'll need to take.

  • Step 1: Invoice for your customer.
  • Step 2: Your customers pay the invoice.
  • Step 3: Payment gateway for cryptocurrency converts the customer’s payment into your chosen currency.
  • Step 4: Balance deducted and ready to be withdrawn.

6. Which is the best cryptocurrency payment gateway?

There are several considerations to take into account.

Lower transaction fees

Lower transaction fees:

The lack of a central intermediary dramatically reduces transaction fees.

Merchant protection

Merchant protection:

Crypto's decentralized setup also protects merchants from fraudulent chargebacks.

Increased sales

Increased sales:

Crypto enables small businesses to expand and open their doors to international buyers who previously couldn't access their products and services.

Which is the best cryptocurrency payment gateway?

7. E-commerce platform for the best cryptocurrency payment gateway.

A payment gateway for cryptocurrency is a payment processor for digital currencies, similar to the payment processors, gateways, and acquiring bank credit cards used. The best payment gateway for cryptocurrency enables you to accept digital payments and receive the currency immediately in exchange.

It’s perfectly acceptable to use your personal e-wallet to accept cryptocurrency payments. However, a payment gateway for cryptocurrency takes the extra work of exchanging cryptocurrency and managing a wallet out of your hands.

E-commerce platform for the best cryptocurrency payment gateway.

PayCEC’s payment gateway for cryptocurrency can handle all your cryptocurrency processing needs with cryptos including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Monero, Binance Coin, Stellar, Zcash, Cardano, EOS, Ripple, Nem, Doge, TRON, NEM. A total of 6 stablecoins and 888+ tokens are available for your convenience. PayCEC can be integrated on Magneto, Woocommerce, and PrestaShop.

8. Easy-to-use APIs.

Offering a secure and fast payment method to clients can ultimately improve the overall performance of your business. PayCEC’s API hosted payment gateway provides plugins for eCommerce platforms so that you can easily integrate our payment method on your website. Learn more.

Easy-to-use APIs.

Thanks to PayCEC’s best payment gateway for cryptocurrency, merchants have started accepting debit card, credit card, crypto payments, and more to provide more payment options for their customers. Let’s get access to millions of potential customers worldwide and instantly accept crypto payments when you sign up for a Merchant Account on PayCEC .

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About PayCEC

PayCEC’s best payment gateway for cryptocurrency was established in response to the growing need of businesses to accept the best payment gateway for cryptocurrency more quickly and easily. In the digital 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’s best payment gateway for cryptocurrency is a truly global payments platform that not only allows customers to get paid instantly and securely, but also withdraws funds to their business accounts in various currencies.

We have created an open and secure payments ecosystem that entrepreneurs and businesses choose to securely transact with each other online and on any device. We proudly maintain the highest level of client advocacy in the industry.

PayCEC Team

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About us

who we are

about us

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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