Bitcoin and other cryptocurrencies have sometimes been dismissed as a scam – perhaps – even a Ponzi scheme – favored by nefarious drug profiteers and rowing in the deep web trying to evade the law.
But there is no doubt that the use of cryptocurrency only in the obscure web is long gone. Today, many reputable digital conglomerates and online retailers are embracing the digital currency and the technology that supports it.
Microsoft, CheapAir, Shopify, Bloomberg, Expedia and Intuit are some of the leading websites that accept cryptocurrency as payment methods. Others like Facebook, Starbucks and Amazon have also expressed interest in cryptocurrency and blockchain technology.
So, how can I accept cryptocurrency payments on my website? Here's how to do it.
Perhaps the most popular platform to accept payments in Bitcoin and recently Bitcoin Cash is BitPay.
With BitPay, you can decide whether to keep the amount received in Bitcoin or convert it into the local currency and receive it by bank transfer. Alternatively, there is also the possibility to make a partial payment in FIAT currency on your account and keep the remaining part in cryptocurrency.
There is also a BitPay mobile application and a PC application so you can use the platform even in retail stores. Commission commissions increase to around 1% of the transaction amount.
CoinPayments, available on www.coinpayments.net, is a website that allows you to add and manage cryptocurrency payments within your company website. With this handy plug-in, you can accept payments in over 120 different cryptographic coins.
With CoinPayments, you can not only be paid in digital currencies, but you can also use it as a portfolio for over 68 cryptocurrencies – to keep payments received securely. In addition, the CoinPayments portal also functions as an exchange, so once you receive payments in digital currencies, you will also be able to convert them according to your needs.
Coinbase has also decided to enter the world of payments that are related to commercial activities. The well-known cryptocurrency gateway introduced the Coinbase Commerce service, complete with a payment plug-in similar to that of PayPal.
As with BitPay, the Coinbase platform will also quickly confirm payments without the risk of chargebacks. Therefore, the chances of being cheated will be drastically reduced. In case of errors or cancellations, it will still be possible to make refunds to users. The platform accepts several cryptocurrencies in addition to Bitcoin, including Bitcoin Cash, Litecoin and Ethereum.
In addition, Coinbase Commerce will take care of converting cryptocurrencies into real world currencies and then send them to the bank account associated with the business, all within 2-3 working days. Finally, here you will also find a mobile application.
In addition to being an exchange, CoinGate is also a payment platform that supports several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, DASH and many other altcoins. Offers automatic conversion of cash payments.
The commissions amount to 1% and the service offers APIs, plug-ins and applications for the major mobile operating systems so that you can take advantage of the system in the store. For all the details we refer to the website.
As with other payment services, BitcoinPay also offers everything you need to integrate into your e-commerce, including an & # 39; API, a & r; mobile app, plug-ins and more. Fees are around 0.8% and you can receive payments in dollars, euros and other currencies.
It offers a good level of customization and an ad hoc solution depending on the type of service you want to use. Unfortunately it only accepts Bitcoin.
The addition of cryptocurrency as a payment method on your website is a brilliant choice. It reduces the risks of fraudulent payments and brings customers' privacy to a whole new level. That said, regardless of whether you run an online or commercial store, you need to notify your customers of an option to pay with cryptocurrencies and that your corporate website accepts digital coins.