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All Cryptocurrency Services For Business In One Place

PayCEC is a licensed Money Services Business (MSB) that allows businesses dealing in Virtual currencies, Foreign exchange dealing, and Money transferring.

All Cryptocurrency Services For Business In One Place

Available Cryptocurrencies

A vast range of major coins and stablecoins are available for your convenience.

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Binance Coin (BNB)
Litecoin (LTC)
Tether (USDT)
USD Coin (USDC)
TRON (TRX)
Why PayCEC
Crypto Gateway
Fit all business models

Fit all business models

Fit all business models
Custom-tailored solution according to your needs

Custom-tailored solution according to your needs

Custom-tailored solution according to your needs
Simple integration

Simple integration

Simple integration
100% Anti-fraud

100% Anti-fraud

100% Anti-fraud
Instant crypto-to-fiat exchange

Instant crypto-to-fiat exchange

Instant crypto-to-fiat exchange
24/7 Premium support

24/7 Premium support

24/7 Premium support
Mascot Ray

Merchant Benefits

PayCEC offers the lightning-fast and most secure way to accept cryptocurrencies with hassle-free integration. Let's get access to the lucrative cryptocurrency market and raise your revenue today!

Get more leads & Improve the sale

Get more leads & Improve the sale

Attract new customers with PayCEC impressive crypto gateway will set your business apart from your competitors.

  • Accept payments in Bitcoin and 20+ universal cryptocurrencies.
  • Support exchange to EUR/USD/GBP/CAD.
  • No upper-limit restrictions.
  • Instant withdrawals.
  • Plugins for eCommerce platforms.
Get more leads & Improve the sale

Maximum security for minimum worry

PayCEC ensures that all of our customers have access to the most advanced, transparent, and reliable crypto payment services in the industry.

  • No chargebacks.
  • Against DDoS attacks.
  • Full data encryption.
  • Blockchain transparency.
  • Secure checkout.
  • Two-factor authentication system (2FA).
Get more leads & Improve the sale

Competitive price & No crypto price risk

Exchange cryptocurrencies with the best price and zero risk volatility.

  • No recurring fees.
  • No hidden charges.
  • Instant foreign exchange rate.
Learn more
Get more leads & Improve the sale

24/7 Premium customer support

Our dedicated team of experts provide best-in-class support whenever you need it.

  • Assist with any technical queries.
  • Offer practical assistance and guidance.
  • All concerns raised are dealt with in a timely manner.
  • Get round-the-clock support by phone, live chat, email, ect.

How crypto payment gateway works

Invoice for your customer

Invoice for your customer

1

Invoice for your customer

Your customers pay the invoice

2

Invoice for your customer

PayCEC converts the customer’s payment into your chosen currency

3

Invoice for your customer

Balance deducted and ready to be withdrawn

4

Payment Statuses

Payment Statuses

Check your transaction status in real-time. Use your transaction ID to check for confirmations

Explorer

Explorer

Detailed information on your transactions are just one click away with blockchain explorer.

Transaction History

Transaction History

A full cryptocurrency report with detailed transactions history is available at your fingertips.

Payment Statuses

QR Code & Address

A QR code is available to enable fast and hassle-free transfers with ease.

Crypto - Fiat PSPs

Features Cryptocurrency Payments Fiat Payments
Decentralization Decentralization
Fast Fast Fast
Secure Secure Secure
Chargebacks Chargebacks Chargebacks
Rolling Reserve Rolling Reserve Rolling Reserve
Peer to Peer Peer to Peer
Irreversible Irreversible
Privacy Privacy
Low cost to you and your end users Low cost to you and your end users
Hassle-free account opening Hassle-free account opening

Withdraw fiat currency from crypto payment

Customers can pay with crypto online, and the processor will exchange crypto to fiat currencies (EUR/USD/GBP) in the merchant's e-wallet account.

Enter Information

Accept crypto payments

BTC BTC
ETH ETH
XRP XRP
LTC LTC
and more
Enter Information

Exchange in e-wallet

Fiat Currencies

USD USD
EUR EUR
GBP GBP
and more
Integration Support

Withdraw to bank account

Fiat Currencies

USD USD
EUR EUR
GBP GBP
and more

Fees

  • Universal coins (BTC, ETH, XRP, etc): 1.5%
  • Stable coin: 2%
Learn more Learn more
Ready to get started?
Ready to get started?

Ready to get started?

We would love to help you get started and support you along the way.

Are you ready to take off your business?

Frequently Asked Questions

P2P payment is short for peer to peer payment. These payment accounts are easy to set up and easy to use. You only need to sign up for an account on the P2P money transfer system, and link your bank account, credit or debit card to it. After that, you can find your peers through their emails, usernames, or phone numbers.

Crypto payment is the latest adaptation of P2P payment. It also allows transfer between friends and family in real-time, but with digital currencies. Since crypto is the latest trend in the financial world, every merchant should integrate the technology to increase their chance of competing in terms of payment methods.

A crypto payment gateway provider like PayCEC cryptocurrency is one of the best choices for your P2P and crypto payment. Some of the most famous P2P payment account providers nowadays are: PayCEC, Venmo, PayPal, Stripe, Wise, etc.

Cryptocurrency payment is a type of online payment that may be used to buy and sell products and services. Many businesses have created their own currencies, known as tokens, that can be exchanged for the goods or services that the business offers. Consider them to be arcade tokens or casino chips. To use the good or service, you'll need to convert actual money for cryptocurrency.

Due to the release of PayCEC’s new feature, the payment gateway now accepts crypto transactions. PayCEC wants to take this opportunity to connect with worldwide customers and online stores without barriers. As the cryptocurrency payment provider, they want to be featured mainly in the UK, EU, US, Canada, and APAC markets.

The world has witnessed an unimaginable shift in crypto payment in the last few years. According to Yahoo Finance, there were 10 major companies around the world that started accepting crypto payments in 2021: Microsoft, PayPal, Overstock, Whole Foods, Etsy, Starbucks, Newegg, Home Depot, Rakuten, and Twitch.

Even though Bitcoin continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, and popularity, users still have a variety of choices regarding crypto coins for digital payments. Below list describes the 21 most popular coins on the global market.

Which cryptocurrency is accepted as payment?

Which cryptocurrency is accepted as payment?

You'll need a reliable cryptocurrency payment gateway if you want your customers to pay for products and services on your website using cryptocurrencies.

PayCEC offers a crypto payment gateway that integrates directly into the merchant site and allows cryptocurrency transactions. Thanks to the addition of a new feature, accepting virtual currency payments and converting to fiat in real time for merchants is so easy. PayCEC’s crypto payment gateway accepts 21 coins, and merchants will get them back by USD, EUR, GPB, and CAD.

PayCEC aims to take advantage of this chance to interact with customers and online stores all across the world. They want to be featured primarily in the UK, EU, US, Canada, and APAC markets as a cryptocurrency payment service. Aside from that, they are delighted to welcome e-commerce companies and internet enterprises from around the world, particularly startups and SMEs. Because of the increased demand for payment methods, more marketplaces are being added every day.

Businesses and consumers alike are benefiting greatly from the use of blockchain, as well as Bitcoin and other cryptocurrencies. This is true despite the fact that Bitcoin has recently been on the news due to concerns over its future.

The benefits of cryptocurrency are:

Safety: The network's security and transparency are unsurpassed, because blockchain technology needs repeated verifications from anonymous third parties.

Reasonable fees: Crypto transactions are well-known for being cost-effective, especially when compared to credit card transactions.

Acceleration: Many crypto payment accepted transactions take only a few seconds to complete. Rather than waiting several business days for an ACH or equivalent transfer to be processed, payments can be sent and received in fractions of a second using the crypto lightning network.

Ease of use: The majority of crypto payment gateways will make it easier to pool your funds and set up conversions and transfers.

Payments that are quick and easy: Users must simply scan the QR code or paste the copied link into the "Confirm" box. That feature aids in the avoidance of incorrect payment information such as complex series numbers, recipient names, expiration dates, and unfinished transactions.

Bitcoin is a typical digital currency example. Bitcoin is a digital currency that may be accepted by anyone, anywhere in the world, so you're not barring those who don't have credit cards or PayPal accounts from making purchases on your site. Bitcoin's value has skyrocketed in recent years, and it is currently the most well-known cryptocurrency as Bitcoin's retail and consumer acceptability has matched its tumultuous ride in crypto markets.

Other well-known cryptocurrencies are:

  • Ethereum (ETH)
  • Bitcoin (BTC)
  • XRP (XRP)
  • Stellar (XLM)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Neo (NEO)
  • Celsius (CEL)
  • Nano (NANO)
  • Chainlink (LINK)
  • Monero (XMR)
  • Tether (USDT)
  • Litecoin (LTC)
  • Binance Coin (BNB)
  • NEM (XEM)
  • TRON (TRX)
  • Dash (DASH)
  • Zcash (ZEC)
  • Bitcoin Gold (BTG)
  • Bitcoin Cash (BCH)

Bitcoin and others have the added benefit of anonymity, as users are not required to provide any personal information while making a payment. Many purchasers will be interested in this because they are hesitant to share important information online.

There are 5 significant benefits that merchants gain from Bitcoin:

➤ There will be no chargebacks.

➤ Fraud is reduced, if not eliminated.

➤ Potential scalability market.

➤ Transaction fees are lower than those charged by Visa, MasterCard, and American Express. Since Bitcoin is a peer-to-peer digital currency, a third-party banking service is not necessary to complete a transaction, this keeps Bitcoin transaction fees low.

➤ Money receipt and use is considerably faster.

There are 3 main types of Bitcoin online payment gateway:

➤ Bitcoin vs Fiat.

➤ Crypto vs Crypto.

➤ Bitcoin vs Bitcoin.

Digital currency is any currency, money, or money-like asset that is primarily managed, stored, or exchanged on digital computer systems, especially over the Internet.

Every single transaction is recorded in the blockchain, which is a public ledger. This allows people to follow the history of Bitcoins, preventing them from spending coins they don't own, copying transactions, or undoing them.

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

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

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

To transfer bitcoin and cryptocurrency into a bank account, most consumers must go through a series of processes, including:

➤ When consumers pay by bitcoin. The E-wallet accepts it.

➤ The E-wallet will convert Bitcoin into fiat currencies.

➤ If a merchant wants to withdraw the money, they can do it from their bank accounts.

Withdraw fiat currency from crypto payment: Customers can pay with crypto online, and the processor will exchange crypto to fiat currencies (EUR/USD/GBP) in the merchant's e-wallet account. Learn more

What is digital currency and how does it work?

 

Crypto payment is a method of payment that enables buyers to pay with crypto online to exchange goods and services that the sellers provide. Nowadays, there are various companies, online stores that accept crypto payments. In the transactions, customers and companies use cryptocurrencies to exchange, they are often called “tokens”.

Cryptocurrency payment is operated based on blockchain technology. Blockchain is a decentralized technology that handles and records transactions across numerous computers. The security of this technology is part of its attractiveness.

PayCEC, a crypto payment system with all specific capabilities for an e-commerce firm, is recommended for the greatest experience in using a payment. The crypto payment system provides a simple and straightforward integration process, as well as the most up-to-date fraud protection systems, a variety of currencies, real-time risk management, and a customer service team available 24 hours a day, 7 days a week.

Online merchants can accept crypto payment by integrating PayCEC crypto payment gateway into their e-commerce website. The process of integration is super simple and easy to set up due to our API designed for non-tech users.

There are various advantages for our clients based on the peculiarities of cryptocurrency payment gateway and the fictional design of cryptocurrency transactions:

➤ Unlimited: Look for ways to grow your consumer base by offering more payment alternatives.

➤ Implementing the new technology will be straightforward once marketers understand the benefits of using cryptocurrencies in B2B payments.

➤ Convert crypto to fiat instantly.

➤ The quickest and safest way to swap cryptocurrencies, with the lowest market rate and no volatility risk.

➤ Faster, global transactions: Take advantage of faster, global transactions that are not available with traditional bank transfer payments.

➤ When compared to card payments, transaction fees are lower.

➤ Future currency: Future payment trend which leads the industry, for businesses.

A crypto payment processor enables merchants to accept cryptocurrency payments. Most of these payment processors now allow you to buy and sell a variety of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and others.

Payment processors make it possible to convert cryptocurrency into fiat currency right away. 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.

Transactions are processed quickly and securely using cryptocurrency payment processors. More businesses are being inspired by the ongoing crypto craze and are looking to incorporate a viable crypto processor rather than focusing on the problems of starting to take crypto payments.

A crypto payment gateway is a dynamic payment processing platform that enables merchants or providers to accept payments in a variety of cryptocurrencies while maintaining security. It allows users to send money directly from one cryptocurrency wallet to another.

These payment gateways are also responsible for safely transferring the payer's sensitive wallet-related data to the merchant's software, in addition to their primary functions.

Components of a standard digital currency payment gateway:

For user

➤ Home page

➤ User sign in/sign up

➤ My profile

➤ Dashboard

➤ My wallet feature with withdrawal functionality

➤ Deposit and withdrawal history

➤ Transaction history

➤ Merchant tools

➤ API key generation

➤ Account settings

For Admin

➤ Admin dashboard

➤ Admin sign-in

➤ View users

➤ View user deposit and withdrawal history

➤ Merchant payment history

➤ Merchant details

➤ API category

➤ Security settings

➤ Support system

➤ Content management system

Yes. It is legal to accept Bitcoin payments.

Many businesses are looking for the most profitable, safe, and rapid payment options, Bitcoin payment network is becoming more widely used by enterprises of all sizes. The legalization and acceptance of the purchase, sale, and trade of virtual currencies in a number of developed countries is fueling market expansion.

Countries allow Bitcoin and accept crypto payments:

While tax authorities, enforcement agencies, and regulators around the world continue to debate best practices, one important topic is whether Bitcoin is legal or not. The response is contingent on the user's location and behavior. (Source: Investopedia)

Countries that say Yes to Bitcoin:

The United States

Since 2013, the Financial Crimes Enforcement Network (FinCEN) of the United States Department of Treasury has issued guidance on bitcoin. The Treasury has classified bitcoin as a money services business (MSB) rather than a currency. This brings it into compliance with the Bank Secrecy Act, which mandates that exchanges and payment processors follow particular reporting, registration, and record-keeping requirements.

Canada

Bitcoin exchanges are classified as money service businesses (MSB) in Canada. As a result, they are subject to anti-money laundering (AML) regulations. Bitcoin exchanges must register with FINTRAC, report any suspicious transactions, abide by the compliance plans, and even keep certain records.

Australia

Bitcoin is neither money nor a foreign currency in Australia, according to the Australian Taxation Office (ATO), which classifies it as an asset for capital gains tax purposes.

The European Union

The European Court of Justice (ECJ) declared on Oct. 22, 2015, that purchasing and selling digital currencies is deemed a provision of services and is therefore exempt from VAT in all European Union (EU) member states.

The UK

The Financial Conduct Authority (FCA) in the United Kingdomhas a pro-bitcoin stance and wants the regulatory climate to encourage it. In the United Kingdom, Bitcoin is subject to taxation.

El Salvador

El Salvador is the world's only country that accepts bitcoin as legal money. The country's Congress supported President Nayib Bukele's plan to formally use bitcoin as a mode of payment in June 2021.

Countries That Say No to Bitcoin

  • China
  • Russia
  • Vietnam
  • Bolivia
  • Columbia
  • Ecuador

List of documents required to start accepting digital currency payment by cryptocurrency:

➤ Incorporation certificate: The document depicts the most important factors of business formation. It usually includes the corporation's legal address, name, and type.

➤ Incumbency certificate (or equivalent): The document contains information on the company's owners, including their names and positions.

➤ Copies of all company owners and officers' passports with their signatures: The scanned copies of the passports of the directors and officers.

➤ Application: It's usually a web form on a PSP’s website.

➤ The record of processing: The requirements for different PSPs are different. High-risk business owners, on the other hand, must always give at least six months of processing history.

➤ License: Attach a license granted by the appropriate body in your country.

➤ Turnover: Clarify your turnover amount so the payment processor can link you to the best bank for you.

Yes, cryptocurrency is digital currency.

In recent years, an increasing number of businesses have become interested in incorporating cryptocurrency into their operations. For a number of reasons, cryptocurrency advocates are drawn to it. Here are a few of the most well-known:

➤ Supporters see cryptocurrencies like bitcoin as the currency of the future, and they’re rushing to buy them before they grow more valuable.

➤ Some proponents prefer the idea that bitcoin frees central banks from controlling the money supply, because central banks tend to devalue money over time through inflation.

➤ Other advocates favor the blockchain technology that underpins cryptocurrencies because it is a decentralized processing and recording system that is potentially more secure than traditional payment systems.

➤ Some speculators are interested in cryptocurrencies because they are increasing in value, but they are unconcerned about the currencies' long-term acceptance as a means of money transfer.

Features of digital currency payment gateway:

➤ Peer-to-peer transaction: Merchants, shops, and companies can take payments directly from customers via a peer-to-peer system by adding a decentralized payment gateway into their existing payment mechanism. This functionality reduces transaction (digital currency electronic payment) times while also ensuring secure access to the payment gateway.

➤ No intermediaries: With bitcoin payment solutions and other crypto currency acceptance methods, the role of third parties and intermediaries in the payment system is abolished. As a result, the payment is delivered directly from the consumer's wallet to the company, saving the customer money on transaction fees.

➤ International transactions

A digital currency payment method takes only a few minutes, whereas an international bank transfer might take anywhere from 5 to 15 days to complete.

The rapid transaction speed benefits enterprises of all kinds (small, medium, and large) since it allows them to complete digital currency electronic payments on commodities import and export more quickly.

If all goes according to plan, cross-border transactions, particularly digital money pay methods, can provide huge upside potential for merchants/businesses.

As we know that cryptocurrency function is a type of Blockchain application. Blockchain is a sort of distributed ledger technology, or a subset of it. Distributed Ledger Technology (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.

Here are some of the advantages that make crypto payment outstanding in terms of security:

  • The blockchain is a distributed database.
  • Transaction “blocks” are signed with a digital signature using a private key.
  • Bye-bye middleman - blockchain is all about decentralizing trust and enabling decentralized authentication of transactions
  • Anyone can send or receive bitcoin - crypto payments without providing any sensitive information about their bitcoin wallets or accounts.

If you want your consumers to pay for items and services on your website with cryptocurrencies, you'll need a secure cryptocurrency payment gateway. Every user is provided a private key to make payment. This key works like a password, and helps improve security (similar to 3D secure).

There are currently over tens of thousands of digital currencies in use. Other well-known digital currencies are:

  • Ethereum (ETH)
  • Bitcoin (BTC)
  • XRP (XRP)
  • Stellar (XLM)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Neo (NEO)
  • Celsius (CEL)
  • Nano (NANO)
  • Chainlink (LINK)
  • Monero (XMR)
  • Tether (USDT)
  • Litecoin (LTC)
  • Binance Coin (BNB)
  • NEM (XEM)
  • TRON (TRX)
  • Dash (DASH)
  • Zcash (ZEC)
  • Bitcoin Gold (BTG)
  • Bitcoin Cash (BCH)

To pay with bitcoin on your website, you should do the following steps:

1. Sending bitcoin 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

2. Enter the amount to pay by bitcoin

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

3. Conversion

Convert customer’s payment into the merchant's chosen currency(USD/EUR/GBP/CAD/AUD) after blockchain confirmation.

4. Payment is received

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

Here’s how your customers can pay you with bitcoin:

  1. The payment system allows you to accept Bitcoin as payment, whether that’s with an embedded Bitcoin button or a Bitcoin checkout method in a payment platform.
  2. The customer sends you the amount of Bitcoin you requested for your product or service.
  3. The order gets logged in a payment platform you choose to fulfill.
  4. The Bitcoin goes to your own wallet.

1. Set up a cryptocurrency wallet

You'll begin by creating a cryptocurrency wallet. A wallet is similar to a bank account in that it allows you to send and receive digital money. Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Binance are the most popular cryptos among enterprises.

2. Integrate bitcoin payments on your website

You'll begin by creating a cryptocurrency wallet. A wallet is similar to a bank account in that it allows you to send and receive digits. It's time to incorporate bitcoin payments into your website after your bitcoin wallet is up and running.

If you have an e-commerce site built on Shopify, Magenta, or Woocommerce, you may use one of the many plugins available to set up bitcoin payment processing.

You can sign up for a bitcoin payment gateway if you can't find the proper plugin. Bitcoin processors offer a variety of options for accepting payments on your website. Payment buttons and invoices are two examples of these methods. Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Binance are the most popular cryptos among enterprises.

3. Cushion yourself against crypto drawbacks when accepting bitcoin payments

You can keep your bitcoin safe and valuable by doing the following:

Converting your Bitcoin to cash in a matter of seconds.

  • Sign up for payment processors like BitPay and Flexa, which will automatically convert your Bitcoin to cash, removing the risk of your bitcoin losing value due to volatility.

Keeping a distance from bitcoin

  • You can also accept bitcoin payments without exposing your consumers to cryptocurrency by allowing them to pay through PayCEC's crypto option.

You can easily accept a bitcoin payment by following steps below:

  1. Sign up with PayCEC to create a merchant account.
  2. Prepare your company profile including: - Company website - Business information - Business activities.
  3. A Relationship Manager will contact you and support you in processing and integrate your merchant account and cryptocurrency payment gateway.
  4. Start accepting bitcoin from your customers.

PayCEC is the best payment gateway for bitcoin. PayCEC offers the lightning-fast and most secure way to accept cryptocurrencies with hassle-free integration. This payment gateway is not only fast, but it also allows merchants to receive payments securely without any middleman.

You can use this gateway from more than 36 countries across the world. Depending on the country, its supported payment methods include bank account, debit card, credit card, and 3D Secure Credit Card.

For online shops looking for a reliable solution for crypto payment, this gateway offers integrated services for WHMCS, WooCommerce, and OpenCart. It not only supports Bitcoin but also other cryptocurrencies such as Ethereum, Bitcoin Cash, Litecoin, Dogecoin, USD Coin, and DAI.

Learn more.

If you don’t know how to find a payment plugin that supports cryptocurrency as payment, you might sign up for PayCEC payment gateway with crypto acceptance feature on websites. PayCEC is a global payment service provider that helps online merchants accept online payments when customers buy items on their websites or apps and other platforms in multiple choices of payment method including crypto currency payments.

PayCEC crypto payment gateway is a dynamic payment processing platform that enables merchants or providers to accept payments in almost 21 cryptocurrencies including Bitcoin while maintaining security. It allows users to send money directly from one cryptocurrency wallet to another. These payment gateways are also responsible for safely transferring the payer's sensitive wallet-related data to the merchant's software, in addition to their primary functions.

To apply for a merchant wallet for crypto payments and integrate the gateway into your website, please sign up with the PayCEC team here!

Using a crypto payment gateway, merchants can accept payments in the form of a variety of cryptocurrencies on their website, just as they would with a credit card or bank transfer. Customers can then pay for their items with Bitcoin, Ethereum, USDT, and a range of other cryptocurrencies.

A cryptocurrency payment gateway is a payment processor for digital currencies, analogous to payment processors, portals, and acquiring banks for credit cards and debit/prepaid cards (Eg. Bitcoin, Ethereum, USDT, etc.). Cryptocurrency gateways enable you to accept digital payments and receive fiat currency immediately. For the purpose of processing payments, cryptocurrency payment gateways operate as transaction facilitators between merchants and clients.

Payments Flow

In terms of processing, the following workflow is followed:

  1. Your customer selects cryptocurrency as a payment method throughout the checkout process (in-store, on the web, or in-app).
  2. At the time of the transaction, they pay you the fair market value of the digital currency.
  3. Your payment is converted into the currency you designate in real time by the cryptocurrency payment service.
  4. At intervals set by your service contract, funds are added to your provider's account and deposited into your authorized bank account.

Merchants can take payments in the form of a variety of cryptocurrencies on their website using a crypto payment gateway, just like they would a credit card or bank transfer. Customers can then use Bitcoin, Ethereum, USDT, and a variety of other cryptocurrencies to pay for their purchases.

A cryptocurrency payment gateway, similar to payment processors, portals, and acquiring banks for credit cards and debit/prepaid cards, is a payment processor for digital currencies (Eg. Bitcoin, Ethereum, USDT, etc.). Cryptocurrency gateways allow you to accept digital payments and instantly get fiat currency in return. Cryptocurrency payment gateways act as transaction facilitators between merchants and customers for processing payments.

Flow of Payment

The following workflow is carried out in terms of processing:

  1. At checkout, your consumer chooses to pay in cryptocurrencies (in-store, on the web, or in-app).
  2. They pay you the fair market value of the digital currency at the moment of the transaction.
  3. The cryptocurrency payment service converts your payment into the currency you specify in real time.
  4. The funds are added to your provider's account and deposited into your designated bank account at intervals determined by your service contract.

Unique operation of a cryptocurrency payment gateway

One of the core ideas of cryptocurrencies is that it eliminates third parties from financial transactions. While this may seem great to those who welcome and understand change, it may not be acceptable to others. Cryptocurrency is a new notion, and it's difficult to grasp in a society where actual goods have long had exchangeable value. Only lately have industrialized countries adopted a financial model in which the majority of their transactions are conducted via credit and debit cards, with no possibility of exchanging actual currency.

You'll need a wallet to hold your coins if you want to pay and get paid Bitcoins or other sorts of cryptocurrency payments. Consumers utilize a number of e-wallets these days, the most popular of which is mobile wallets. Cryptocurrency payments, like other E-money transactions, necessitate the creation of a mobile wallet. Customers can create a free online wallet with a private key that functions as a digital signature.

A crypto wallet is a secure storage location for your cryptocurrency. Hosted wallets, non-custodial wallets, and hardware wallets are the most prevalent types of cryptocurrency wallets. Which solution is best for you depends on what you want to accomplish with your crypto and what kind of safety net you desire.

There are a variety of ways to hold crypto, just as there are a variety of ways to maintain currency (in a bank account, a safe, or in your castle). With crypto, you can use a hosted wallet to keep things easy, a non-custodial wallet to have complete control over your crypto, a hardware wallet to take extra precautions, or a combination of wallets.

Pay with Crypto and get paid in fiat currencies:

1. 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

2. Enter the amount to pay by cryptocurrency

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

3. Conversion

Convert customer’s payment into the merchant's chosen currency(USD/EUR/GBP/CAD/AUD) after blockchain confirmation.

4. Payment is received

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

To add a Bitcoin payment gateway extension to WordPress website, you need to register a merchant ewallet account to collect bitcoin and other cryptocurrencies as well as exchange and store these digital currencies into fiat currencies.

Steps to add a Bitcoin payment gateway to WordPress:

  1. Sign up with PayCEC to create a merchant account.
  2. Prepare your company profile including: - Company website - Business information - Business activities.
  3. A Relationship Manager will contact you and support you in processing and integrate your merchant account and cryptocurrency payment gateway.
  4. Start accepting up to 21 types of crypto coin from your customers.

If you have any concerns, you can contact the PayCEC team 24/7 here!

The Crypto Payment Gateway Wordpress

Because cryptocurrencies are growing increasingly popular, adopting Bitcoin (and other digital currencies) as a form of payment on your WordPress website is something worth considering. But where do you begin when it comes to cryptocurrency? And how do you handle Bitcoin transactions in WordPress?

PayCEC will guide you through the process of integrating the PayCEC payment gateway into WordPress in this section. Let's have a look at it right now.

Learn more.

After that, you may take advantage of the PayCEC payment gateway for WordPress website's many strong features, including 3D secure, tokenization, and PCI DSS compliance... all of which provide the greatest levels of security. You no longer have to be concerned about losing customers owing to a lengthy and perplexing payment process. 

PayCEC offers a crypto payment gateway that integrates directly into the merchant site. Accept virtual currency payments and convert to fiat for merchants instantly.

There are 21 coins which accept crypto payments wordpress and merchants will get them back by USD, EUR, GBP and CAD.

Benefits of using the PayCEC payment gateway with WordPress

  1. The PayCEC payment gateway for WordPress includes a good test mode that closely resembles the real thing. You can switch to live mode by just replacing the keys without modifying the API.
  2. High-quality help is available 24 hours a day, 7 days a week via phone, email, or live chat.
  3. You can easily keep track of all transactions with thorough reports.
  4. Personal data of users is reliably protected.
  5. A wide range of major payment organizations, such as Visa, Mastercard, and American Express, are accepted.
  6. All devices are compatible, whether they are a smartphone, a laptop, or a tablet.
  7. Banking Transactions are accepted.
  8. Cryptocurrency payments are accepted.

If your online store was built on the Woocommerce platform, you can easily set up a crypto payment gateway for Woocommerce stores. PayCEC payment gateway offers merchant clients multiple payment acceptance options that online merchants can support for their shoppers including crypto payment feature.

By following these steps, you can start to scale up your online business with ease:

  1. Sign up with PayCEC to create a merchant account.
  2. Prepare your company profile including: - Company website - Business information - Business activities.
  3. A Relationship Manager will contact you and support you in processing and integrate your merchant account and cryptocurrency payment gateway.
  4. Start accepting up to 21 types of crypto coin from your customers.

If you have any concerns, you can contact the PayCEC team 24/7 here!

Benefits when online stores that accept crypto payments 

With the growing number of users who are ready to shop with crypto payments, online merchants have to keep up with the new propensity. By accepting crypto payments, online stores allow their customers to pay with crypto online easily. As a result, online merchants open for themselves a new door to grow sales and profits significantly.The more payment methods and virtual coins you offer to accept crypto payments on websites or other digital payments, the better revenue your companies will obtain in business.

When online stores accept crypto payments on websites, they have already opened an e-wallet account from the crypto payments service provider. It means that merchants will be issued a merchant account to accept crypto payments on websites. Their online customers can pay with crypto online and the processor will exchange crypto to fiat currencies (EUR/USD/GBP/CAD/AUD) in the merchant's e-wallet account. From there, merchants can withdraw money to their indicated bank account.

To apply for a crypto ewallet account, you can visit here!

Process of crypto acceptance and withdrawal of a crypto to fiat payment gateway:

  1. Customers pay for products or services on merchant websites or mobile apps in crypto methods (up to 21 types of popular coins including Bitcoin and other stable coins).
  2. Merchants accept payment online and transfer coins to merchant ewallet.
  3. In the merchant ewallet, the crypto currency amount is exchanged to fiat currency in real time.
  4. Merchants can withdraw money into their bank account.

Online merchants can accept crypto payment on websites by integrating PayCEC crypto payment gateway into their e-commerce website. The process of integration is super simple and easy to set up due to our API designed for non-tech users.

Crypto payment is a method of payment that enables buyers to pay with crypto online to exchange goods and services that the sellers provide. Nowadays, there are various companies, online stores that accept crypto payments. In the transactions, customers and companies use cryptocurrencies to exchange, they are often called “tokens”.

Cryptocurrency is operated based on blockchain technology. Blockchain is a decentralized technology that handles and records transactions across numerous computers. The security of this technology is part of its attractiveness.

You can easily set up a cryptocurrency merchant account by following steps below:

  1. Sign up with PayCEC to create a merchant account.
  2. Prepare your company profile including: - Company website - Business information - Business activities.
  3. A Relationship Manager will contact you and support you in processing and integrate your merchant account and cryptocurrency payment gateway.
  4. Start accepting up to 21 types of crypto coin from your customers.

If you have any concerns, you can contact the PayCEC team 24/7 here!

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.

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

1. 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

2. Enter the amount to pay by cryptocurrency

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

3. Conversion

Convert customer’s payment into the merchant's chosen currency(USD/EUR/GBP/CAD/AUD) after blockchain confirmation.

4. Payment is received

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

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!

PayCEC offers online merchants and ecommerce companies cryptocurrency acceptance that facilitates any crypto currency transaction which is paid from shoppers. 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.

Learn more!

To enable cryptocurrency payments on your websites, large and small size businesses should have a payment gateway that accepts cryptocurrency payments from consumers.

  1. Sign up with PayCEC to create a merchant account.
  2. Prepare your company profile including: - Company website - Business information - Business activities.
  3. A Relationship Manager will contact you and support you in processing and integrate your merchant account and cryptocurrency payment gateway.
  4. Start accepting up to 21 types of crypto coin from your customers.

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 an experienced DEV team, you can self-integrate crypto payment gateway API keys into your websites with guideline documents .

Yes, WooCommerce accepts cryptocurrency payments.

Woocommerce is a popular customizable open-source e-commerce plugin for WordPress. It is designed for small to large-sized online merchants using WordPress to build their online stores. Online merchants can accept cryptocurrency payments in more than 21 popular crypto coins on their Woocommerce stores when integrating with PayCEC crypto payment gateway. With PayCEC, your sites are able to acquire different types of online payments from credit cards or debit/prepaid cards to ewallet, crypto currencies payments or digital banking transfer with SEPA.

Taking Bitcoin and other coins payments on your WordPress website has a lot of advantages:

  • - Bitcoin is a digital currency that may be accepted by anyone, anywhere in the world. So you're not barring those who don't have credit cards or PayPal accounts from making purchases on your site.
  • - Bitcoin and others have the added benefit of anonymity, as users are not required to provide any personal information while making a payment. Many purchasers will be interested in this because they are hesitant to share important information online.
  • - Bitcoin is a peer-to-peer digital currency, so a third-party banking service is not necessary to complete a transaction. This keeps Bitcoin transaction fees low.

It depends on the dating sites or mobile apps. Bitcoin can be used for payment in a variety of products and services including dating apps or platforms. You should check with the site that you want to register their services before making payment in crypto currency. If you still need more consultancy, please contact us .

Crypto currencies are emerging as new types of digital assets. And now, with the development of crypto markets and digital payment technology, many people can send and receive crypto transfers from peer to peer. Senders and buyers need to open a crypto e-wallet to store these coins and send crypto to another wallet as payment methods. Thanks to blockchain technology, merchants have more opportunities to accept online payments from shoppers with crypto payment gateway like PayCEC and reduce cart abandonment when your customers prefer crypto currency check out.

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.

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.

According to the United Nations, there are 180 current currencies in use around the world.

The first evidence of the fiat currency system was discovered in China in the 11th century. At least 775 fiat currencies have been formed since then. Only about 200 are still in circulation today.

Despite the fact that Bitcoin continues to lead the pack in terms of market capitalization, user base, and popularity, consumers still have a number of crypto coins to choose from when making digital payments. The 21 most popular coins on the global market are listed here.

Coins

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Litecoin (LTC)
  5. Cardano (ADA)
  6. Monero (XMR)
  7. Bitcoin Cash (BCH)
  8. EOS.IO (EOS)
  9. NEO (NEO)
  10. NEM (NEM)
  11. Zcash (ZEC)
  12. Dash (DASH)
  13. Binance Coin (BNB)
  14. TRON (TRX)

Stable Coins

  1. Tether (USDT)
  2. USD Coin (USDC)
  3. True USD (TUSD)
  4. Paxos Standard (PAXOS)
  5. Gemini Dollar (GUSD)
  6. Binance USD (BUSD)
  7. Multi-collateral DAI (DAI)

Cryptocurrency is a new type of currency that is protected by cryptography, a type of computer encryption that makes counterfeiting impossible. At this time, no cryptocurrency has successfully surpassed fiat in any portion of the world.

While tax authorities, enforcement agencies, and regulators around the world debate best practices, one hot question is whether or not bitcoin is lawful. The user's location and activity influence the answer.

Countries That Say Yes to Bitcoin

1. The United States

Since 2013, the Financial Crimes Enforcement Network (FinCEN) of the United States Department of Treasury has issued guidance on bitcoin. The Treasury has classified bitcoin as a money services business (MSB) rather than a currency. This brings it into compliance with the Bank Secrecy Act, which mandates that exchanges and payment processors follow particular reporting, registration, and record-keeping requirements.

2.Canada

Bitcoin exchanges are classified as money service businesses (MSB) in Canada. As a result, they are subject to anti-money laundering (AML) regulations. Bitcoin exchanges must register with FINTRAC, report any suspicious transactions, abide by the compliance plans, and even keep certain records.

3. Australia

Bitcoin is neither money nor a foreign currency in Australia, according to the Australian Taxation Office (ATO), which classifies it as an asset for capital gains tax purposes.

The European Union

The European Court of Justice (ECJ) declared on Oct. 22, 2015, that purchasing and selling digital currencies is deemed a provision of services and is therefore exempt from VAT in all European Union (EU) member states.

4. The UK

The Financial Conduct Authority (FCA) in the United Kingdomhas a pro-bitcoin stance and wants the regulatory climate to encourage it. In the United Kingdom, Bitcoin is subject to taxation.

5. El Salvador

El Salvador is the world's only country that accepts bitcoin as legal money. The country's Congress supported President Nayib Bukele's plan to formally use bitcoin as a mode of payment in June 2021.

Countries That Say No to Bitcoin

  • China
  • Russia
  • Vietnam
  • Bolivia
  • Columbia
  • Ecuador

Even though the client pays in fiat money, the fiat to crypto payment gateway allows businesses to get paid in crypto assets like Bitcoin, Ethereum, and Stellar Lumens. Fiat to crypto payment gateway enables a company to accept fiat currency as payment while withdrawing funds in their preferred cryptocurrency, and vice versa.

The Cryptocurrency acceptance process:

  1. Clients select the items and add them to the cart.
  2. Make a payment.
  3. Fill in the blank with the payment details by the fiat money. 
  4. The money will be proceeded thanks to a fiat to crypto payment processor* and then be collected back to the merchant’s wallet.
  5. Real-time Exchange into designated cryptocurrency.
  6. Merchants can withdraw or store the money in Crypto.

(*) Fiat to crypto payment processor is a third-party payment company that receives fiat payment check out information from the payment gateway and proceeds the transmitted details in a security check system and converts to crypto currency in real-time exchange values.

Fiat money's value is determined by the connection between supply and demand as well as the stability of the issuing government, rather than the value of the underlying commodity. The majority of current paper currencies, including the US dollar, the euro, and other major global currencies, are fiat currencies.

The fiat currency system doesn't seem that complicated. A government-issued currency that is not backed by a commodity such as gold is known as fiat money. Because central banks can manage how much money is printed with fiat money, they have more power over the economy. The majority of current paper currencies, including the United States dollar, are fiat currencies.

The definition of fiat currency: In a wide sense, fiat money refers to any form of money that has been declared legal currency by a government edict or fiat. However, the phrase is normally reserved for legal tender paper money or coins with face values that are substantially more than their commodity values and that are not redeemable in gold or silver.

The most accepted Cryptocurrency nowadays: Thousands of cryptocurrencies exist, the majority of which have minimal value and unknown potential. The list, which is updated quarterly, ranks cryptocurrencies according to dollar volume and other statistics from third-party cryptocurrency exchanges, where users may buy and sell various cryptocurrencies.

  1. Bitcoin
  2. Ethereum
  3. XRP
  4. Tether
  5. Cardano
  6. Polkadot
  7. Stellar
  8. USD Coin
  9. Dogecoin
  10. Chainlink

Universal coins (BTC, ETH, XRP, etc): 1.5%

Stable coin (Tether, USD Coin, Binance USD, etc.): 2%

See the link for more information. Please note, the fees may be subjected to change from time to time.

Yes. Security is our top priority. PayCEC ensures 100% anti-fraudulence.

  • No chargebacks.
  • Against DDoS attacks.
  • Full data encryption.
  • Blockchain transparency.
  • Secure checkout.
  • Two-factor authentication system (2FA).

Yes. PayCEC’s powerful crypto payment gateway is no longer optional, it's an essential way to effectively detect and against advanced threats before they impact and devastate your business, and coupled with this, lessens the ratio of the consumers’ attempts to pay online being rejected.

  • Track the legitimacy of crypto funds and stay compliant.
  • Crypto analytics due to security compliance procedures for all businesses involved with cryptocurrency.
  • In-depth case by case investigations.
  • Identify any criminal activity on the blockchain.
  • Monitor and control risky transactions.
  • Automatically identify high-risk activities.
  • Tracking ransomware payments.

20+ major coins and stable coins are available for your convenience.

No Name of cryptocurrency Logo
Coins
1 Bitcoin (BTC) Bitcoin (BTC)
2 Ethereum (ETH) Ethereum (ETH)
3 Ripple (XRP) Ripple (XRP)
4 Litecoin (LTC) Litecoin (LTC)
5 Cardano (ADA) Cardano (ADA)
6 Monero (XMR) Monero (XMR)
7 Bitcoin Cash (BCH) Bitcoin Cash (BCH)
8 EOS.IO (EOS) EOS.IO (EOS)
9 NEO (NEO) NEO (NEO)
10 NEM (NEM) NEM (NEM)
11 Zcash (ZEC) Zcash (ZEC)
12 Dash (DASH) Dash (DASH)
13 Binance Coin (BNB) Binance Coin (BNB)
14 TRON (TRX) TRON (TRX)
Stable Coins
15 Tether (USDT) Tether (USDT)
16 USD Coin (USDC) USD Coin (USDC)
17 True USD (TUSD) True USD (TUSD)
18 Paxos Standard (PAXOS) Paxos Standard (PAXOS)
19 Gemini Dollar (GUSD) Gemini Dollar (GUSD)
20 Binance USD (BUSD) Binance USD (BUSD)
21 Multi-collateral DAI (DAI) Multi-collateral DAI (DAI)

Settlement time: T+1.

Yes. Our fiat settlements are fast and convenient in EUR/USD/GBP/CAD via swift and SEPA payment methods.

  • Cryptocurrency payments are analogous to wire transfers or cash transactions, where payment is "pushed" directly from one party to another, without going through another financial institution. Payment processing is executed through a private network of computers, and each transaction is recorded in a blockchain, which is public.
  • Credit/Debit card transactions entail the buyer effectively authorizing the seller to "pull" a payment from their account, passing through financial intermediaries in the process. For example, a typical Visa/Mastercard/Amex transaction involves 4 parties: the merchant, the acquirer (the financial institution that enables payments to the merchant), the issuer (the cardholder's bank), and the individual cardholder.

Crypto - Fiat PSPs

Features Cryptocurrency Payments Fiat Payments
Decentralization Decentralization  
Fast Fast Fast
Secure Secure Secure
Chargebacks Chargebacks Chargebacks
Rolling Reserve Rolling Reserve Rolling Reserve
Peer to Peer Peer to Peer  
Irreversible Irreversible  
Privacy Privacy  
Low cost to you and your end users Low cost to you and your end users  
Hassle-free account opening Hassle-free account opening  
  • Get more leads & Improve the sale.
  • Maximum security for minimum worry.
  • Competitive price & No crypto price risk.
  • 24/7 Premium customer support.
  • Custom-tailored solution according to your needs.
  • Hassle-free integration.
  • PayCEC is a licensed Money Services Business (MSB) that allows businesses to deal in Virtual currencies, Foreign exchange dealing, and Money transferring.
  • Our crypto payment solution allows businesses to accept crypto payments in all major coins, and exchange everything into fiat currency (EUR, USD, GBP, CAD).
  • PayCEC offers your customers Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and so many more as a payment option.
  • Attract new customers to your business with an attractive payment method that will set you apart from your competitors by using PayCEC trusted crypto gateway for your business.

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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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