-- The crypto adoption has prompted businesses to accept digital asset payments as an advantageous alternative to traditional money. At the same time, favorable payments are those that are cost-effective; one of the possibilities of this is low commissions. This led to crypto payment gateways appearing.
This article explores payment gateways in crypto and focus on the importance of selecting ones with the lowest fees. This article explores the five crypto payment gateways with the most competitive fees, providing guidance for selecting the most suitable option.
What Is a Crypto Payment Gateway?
A crypto payment gateway is a service allowing businesses to accept crypto payments from customers. Such platforms work by integrating via APIs or plugins and enable transactions by converting cryptocurrencies into a local currency or stablecoins, preserving the profit. Being in crypto, payments offer faster and cheaper transactions compared to traditional banking systems, especially in cross-border payments.
These platforms offer different features, including the already mentioned currency conversion, transaction tracking, and fraud protection. These benefits make crypto gateways an excellent option for different businesses, such as e-commerce, gaming, financial services, and so on.
Best Payment Gateways
Here’s a look at seven crypto payment gateways that are considered the most cost-effective and are often chosen by merchants. Among them are:
- Cryptomus;
- SpectroCoin;
- CoinPayments;
- Stripe;
- Cryptix.
Cryptomus
Cryptomus payment gateway is a platform suitable for businesses of all sizes — from startups to huge corporations. Fees are one of the lowest on the market — begin with 0.4% for incoming payments and 0% for withdrawals. The platform supports over 100 coins and offers different tools, including automatic conversion to stablecoins and fiat-to-crypto settlements. The API on Cryptomus is simple and intuitive, so anyone is able to easily integrate the payment system into their website. Besides, there are over 20 plugins. The platform also offers white label integration, mass payouts, and recurring payments to help attract customers through a subscription model.
Pros:
- Fees from 0.4% for incoming payments, 0% for withdrawals.
- Global availability, with support for 22 languages.
- 100+ supported coins.
- KYC compliance, automatic AML verification.
- Supports over 23 plugins.
- Withdrawals in both crypto and fiat.
- 24/7 support, personal manager.
- A lot of useful tools for work.
Cons:
- Geographical restrictions.
- Mandatory KYC.
SpectroCoin
The platform is often chosen by businesses in financial services, energy, and healthcare. They are quite attracted by the fees, which are only network ones. SpectroCoin supports 57 cryptocurrencies and offers features such as libraries for templates and payment buttons. Integration methods include APIs and a choice of seven plugins.
Pros:
- Network fees only.
- Global access.
- Useful tools for work.
Cons:
- Small number of cryptocurrencies.
- Limited number of integration options.
CoinPayments
This is one of the first crypto gateways, which still has a lot of customers today. The platform integrates with e-commerce and POS systems, serving gaming businesses and luxury goods retailers. Fees start at 0.5%, in addition to network ones. Support for over 40 cryptocurrencies and various tools, including invoice builders and payment buttons, makes it attractive for entrepreneurs.
Pros:
- Fees starting at 0.5%.
- 24/7 customer support.
- Multi-sig custody for enterprises.
Cons:
- Small number of cryptocurrencies.
- Mandatory KYC.
- Limited geographical availability.
Stripe
The Stripe crypto gateway allows integration of payments directly into websites or applications. This is beneficial, as payments via it cost as little as 0.25%. Stripe is especially popular among businesses related to AI, e-commerce, and marketplaces. More than 50 payment methods and convenient tools such as global payouts, billing, and tax automation attract the customers’ attention.
Pros:
- Fees from 0.25%.
- Many payment methods.
- 24/7 support.
Cons:
- Only supports stablecoins.
- A small number of integration options.
- Mandatory KYC.
Cryptix
The Cryptix platform offers a range of tools for working with crypto, including bulk payments, crypto exchange services, transaction reports, and refund options. Fees start at 0.2%, and the platform boasts a selection of the most popular crypto assets. The gateway offers APIs and plugins as integration methods, as well as reliable security measures, including AML and FINTRAC Compliant.
Pros:
- Fees from 0.2%.
- A lot of useful tools for work.
- Global availability.
Cons:
- Limited number of cryptocurrencies (10).
- A small number of integration options.
- Mandatory KYC.
Low fees are good for profit, but there are a lot of other aspects merchants should pay attention to — such as security, features, and ease of use. Merchants should weigh these when choosing a payment platform. Success in business depends on selecting the right solution.
Contact Info:
Name: Amalia Fox
Email: Send Email
Organization: Cryptomus
Website: https://cryptomus.com/
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
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