Tuesday, 21 Jun, 2022
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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.
Businesses might choose to accept cryptocurrency for many reasons:
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.
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.
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.
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.
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.
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.
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.
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.
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.
Payment gateway for cryptocurrency act as transaction facilitators between merchants and customers for processing payments.
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 several considerations to take into account.
The lack of a central intermediary dramatically reduces transaction fees.
Crypto's decentralized setup also protects merchants from fraudulent chargebacks.
Crypto enables small businesses to expand and open their doors to international buyers who previously couldn't access their products and services.
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.
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.
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.
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 .
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.
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.