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Open more possibilities in online business with crypto payment gateways

Friday, 08 Oct, 2021

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When joining the e-commerce industry, you as an online business owner might understand that the more checkout payment offers your business has, the more chances we close deals with customers. That is why the credit card payment option is not enough to strengthen your competitive ability in the hard e-commerce environment. Don’t worry, we have already offered you crypto payment gateways as crypto payment solutions to tackle this headache issue.

Open more possibilities in online business with crypto payment gateways

Open more possibilities in online business with crypto payment gateways

What are Crypto Payment Gateways?

Payment gateway is a platform that enables online stores to acquire digital payments on their websites. There are various different payment methods such as credit cards, debit cards or e-wallets and internet banking transfers.

Crypto payment gateways are a type of acquiring gateway that has the function of collecting crypto currency payments on e-commerce websites. We can also call them crypto payment platforms.

Although Bitcoin is the most popular coin which is accepted by many big crypto payment gateways, we have to admit the emergence of other virtual coins namely Ethereum, Litecoin, Binance coin, Cardano, etc. This means that crypto payment processors can facilitate crypto payments online in a massive number of virtual currencies, leading to a diverse range of options for customers purchasing online. When online shoppers can pay in any cryptocurrency, the sake of online business owners will escalate simultaneously.

Crypto gateways are integrated into merchant’s websites, to allow merchants to acquire a digital transaction from their customer on the check out interface. During the crypto payment processing, there is a crypto option in a wide range of other payment methods, online buyers may choose the crypto payment gateway option on the checkout page to continue the checkout process.

KEY TAKEAWAYS

  • Crypto payment gateways are payment gateway platforms that are integrated into e-commerce websites to allow crypto payments from online customers.
  • A crypto payment processor can accept more than 20 popular crypto currencies, not only Bitcoin.
  • They enable merchants to automate these payments as well as providing a variety of other tools and reports to make the entire process as simple as possible.

What are Crypto Payment Gateways?

What are Crypto Payment Gateways?

How does a Crypto payment gateway work?

The main function of a crypto payment gateway is accepting crypto payments and helping online merchants manage their funds in e-wallets of the crypto payment providers. There are 2 primary crypto payment gateways regarding fund withdrawal methods: Fiat Settlement & Crypto Payouts. The crypto payment processing happens in 3 steps for all types of crypto payment gateways. The difference between them is the last step when merchants withdraw their funds.

Fiat Settlement crypto payment processor

Step 1: Accept

  • A customer chooses products or services of the company’s e-commerce website and process to checkout. The customer will input payment information and credentials in the checkout interface and confirm to pay with crypto currency.
  • Funds in crypto currency will be transferred from customer’s wallet to merchant’s wallet through the crypto payment system.

Step 2: Exchange

  • After acquiring the payment funds from the customer, the crypto payment processor will instantly convert the crypto currency that the customer pays into fiat currencies (EUR/USD/GBP and more) that you choose and store money in the merchant’s wallet.

Step 3: Withdraw

  • Merchant withdraws funds from their wallet into their designed bank account in the same fiat currency. Balance amount will be deducted from the merchant’s wallet.

Crypto Payouts crypto payment processor

Step 1: Accept

  • A customer chooses products or services of the company’s e-commerce website and process to checkout. The customer will input payment information and credentials in the checkout interface and confirm to pay with crypto currency.
  • Funds in crypto currency will be transferred from customer’s wallet to merchant’s wallet through the crypto payment system.

Step 2: Exchange

  • When the payment amount is transferred to the merchant's e-wallet, the crypto payment platforms will exchange the crypto currency from the customer's wallet into the default crypto currency in the merchant wallet.
  • Funds are converted in the mode of crypto to crypto / crypto to stablecoin.

Step 3: Withdraw

  • Merchant transfers funds from their wallet into other crypto accounts. Balance amount will be deducted from the merchant’s wallet.
  • The crypto payment service instantly converts the received cryptocurrency into the currency of the merchant's choice, eliminating the volatility risk. The service also sends the necessary details in a secure manner to the blockchain network for the transaction to be authenticated and recorded on the public ledger.

KEY TAKEAWAYS

  • Crypto payment gateways allow online businesses accept crypto payments and store funds in e-wallets of merchants.
  • Crypto payment processors facilitate merchants to manage their funds in the merchant e-wallet or they can withdraw funds to their bank accounts.
  • There are 2 types of crypto payment providers in terms of withdrawal process: Fiat Settlement & Crypto Payouts.

Benefits of a Crypto Payment Gateway

More and more online users prefer to pay with crypto currencies. Why did crypto payment processing become a new digital trend? Sure, crypto payment gateways come with tons of advantages that will not disappoint any online business.

  1. Easy, hassle free integration.
  2. Lower transaction fees compared to card payments.
  3. No Chargebacks - Blockchain transactions are irreversible with no chargebacks and no recurring fees or hidden charges.
  4. A straightforward and transparent service.
  5. Instant crypto-to-fiat exchange - The fastest and most secure way to exchange cryptocurrencies with the lowest rates on the market and zero risk volatility.
  6. Independent - There are no third parties involved in transactions so there is no need to depend on any bank or government.
  7. Secure - Protection against DDoS* attacks, full data encryption and blockchain transparency, together with secure checkout.
  8. Unlimited - Any amount can be transferred as per your requirements. There are no upper-limit restrictions.
  9. Lightning fast - Benefit from faster, worldwide transactions, which are not possible with regular bank transfer payments.
  10. No rolling reserve - With no rolling reserve, there is no need to freeze a percentage of your money as there is no central authority or chargebacks.
  11. Provide the most efficient and advanced technology.
  12. Premium support - Our team of experts is on hand 24/7 to assist with any technical queries and offer practical assistance and guidance whenever you need it.
  13. Become part of a growing community - The world of crypto is booming and its presence is greater than ever in the e-commerce industry. You are welcome to join the growing community and enjoy the instant benefits.
  14. Any other custom-tailored solution according to your business needs.

* A distributed denial-of-service (DDoS) attack is a malicious attempt to disrupt the normal traffic of a targeted server, service or network by overwhelming the target or its surrounding infrastructure with a flood of Internet traffic. DDoS attacks achieve effectiveness by utilizing multiple compromised computer systems as sources of attack traffic. Exploited machines can include computers and other networked resources such as IoT devices. From a high level, a DDoS attack is like an unexpected traffic jam clogging up the highway, preventing regular traffic from arriving at its destination.

Benefits of a Crypto Payment Gateway

Benefits of a Crypto Payment Gateway

Crypto payment gateway API Keys

At PayCEC, our development team has already programmed the crypto payment gateway API keys so that your technical team can easily download and install in a blink of an eye. It is like a piece of cake if your business runs an online website on Woocommerce - Wordpress, OpenCart or WHMCS and more.

For those teams who have enough resources and experienced DEV team, you can self integrate crypto payment gateway API keys into your websites with guideline documents .

Crypto payment gateway API Keys

Crypto payment gateway API Keys

Crypto payment providers

At PayCEC, we are not only a credit card payment gateway provider but also crypto payment provider. With the offer of crypto payment gateways, our online business clients now can expand more opportunities in e-commerce. Below advantages make us different from other crypto payment providers.

PayCEC - Crypto payment provider

PayCEC - Crypto payment provider

Save more cost in payment acquiring

We offer a competitive transaction rate. It is obvious that our merchant discount rate is much lower than other competitors and even the card payment gateways.

Learn more about the transaction rate !

Support in timely manners

PayCEC team is very approachable. We put our business in the customer-centric spirit. Our team is always available 24/7 and you can contact us anytime via hotline +44 2032 864370 or message chat via WhatsApp, Telegram, Viber, Signal and Skype. If you prefer a live chat interaction, you can contact us by Livechat on our website paycec.com and other social media channels (Facebook, LinkedIn, Twitter, Instagram, etc.)

Crypto payment gateways for firms in countries that say NO to cryptocurrencies

Even though crypto payments are accepted on a large scale in the US, Canada, Australia and Europe for example, this payment method is still restricted in some nations namely China, Russia, Vietnam, etc.

While running international online businesses requires every merchant to enable multiple payment methods, they cannot approach online shoppers who make transactions in crypto currencies with local payment gateways.

PayCEC is a global crypto payment provider who can support your website to allow any digital transaction in 21 virtual currencies (Bitcoin, Ethereum, Litecoin, etc.). By integrating our API Keys, your website can collect all types of payments from international markets including crypto. If your company is located in some jurisdictions that do not support local crypto payment providers, you can contact PayCEC in this case.

KEY TAKEAWAYS

  • If your business is based in the US, Canada, Australia, UK or the EU, you are probably being wellcome to crypto payment platforms.
  • If your business location is situated in regions that say NO to local crypto payment gateways, PayCEC can help you in this case.

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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.

Learn more.

PayCEC Team

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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.