Introduction
Blockchain is the latest technology trending in the market that has highly revolutionized the digital market with its cryptocurrencies. Bitcoin was the first cryptocurrency developed using Blockchain Technology in 2007. Since then various other cryptocurrencies made their way in the market like Litecoin, Ethereum, Zcash, Monero, Dash, etc. The specialty of these cryptocurrencies is their decentralized approach and facilitates a direct transaction between merchants and customers.
Just like other general online payment gateway, there are cryptocurrency facilitated payment gateways that perform secure transactions through Bitcoin, Bitcash, Litecoin, Ethereum and converts them into fiat currency by crediting them directly to your account. So let’s have a look into details about ten popular payment gateways of Bitcoin.
Best Bitcoin Payment Gateways of 2019
Bitpay
It is an open source cryptocurrency wallet that allows you to do Bitcoin transactions globally providing you 100 percent security. It is an effective payment gateway of Bitcoin that accepts Bitcoin and Bitcoin Cash and also provides you the facility to convert your BTC into USD through Bitcoin Visa Card allowing immediate withdrawals. It can be used for transactions at retail shops and restaurants, for billing, and even accepts donations from parties using BTC.
Payments through Bitpay get credited to your bank account directly in terms of your desired currency choice having more than 150 currency options. Bitpay being the payment gateway of Bitcoin and Bitcash saves you from prying eyes as it runs on Blockchain Technology and does not require any personal information like the debit card or credit card details for transactions. That way you enjoy the benefit of Bitpay gateway and also it lets you do transactions with fewer settlement fees compare to credit cards.
It uses BIP 70 and BIP 73 payment protocols to offer complete transparency in direct payments. It enables merchants to prepare invoices in various languages and offers you to scan it before making payments. It keeps you notified through emails and texts about your payments and processes refunds to your wallet directly if there's any. It is one of the fast and flexible payment gateway of Bitcoin and completely responsive to both web and mobile.
Coinbase
It is the leading payment gateway of Bitcoin that along with Bitcoin and Bitcoin cash also supports Litecoin and Ethereum. It has marked itself as the #1 payment gateway in Blockchain Technology market having more than 2000 merchants and provides fast service in a flash of seconds.
To start using Coinbase, you first need to create an account in Coinbase Commerce to facilitate your payments. Coinbase Commerce doesn't charge any extra amount for transactions and provides three payment options-
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Via simple online payment procedure
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Via its supported e-commerce website
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Via API integration to websites
If you are willing to integrate Coinbase Commerce to any website, you can do it by going to the settings option, selecting create an API button and pasting that API in the clipboard to integrate it with your desired website. The payment sessions are of 15 minutes duration to help you complete your transactions, and then it expires. But even after that, you can make payments. In that case, you will be prompted with an option to cancel or review the transaction as it will be kept in the late payment category. Another interesting feature of Coinbase is the Webhook that helps the authorities keep track of the received payments and send emails to customers as per that.
CoinPayments
CoinPayments is one of the popular cryptocurrency gateway especially dedicated for the online merchants. It helps users accept pay using Bitcoin, Ripple, Bitcoin Cas, and Litecoin. The merchants using CoinPayments are charged 0.50% as a transaction fee for commercial purpose and integrating APIs which eventually gets charged from the payment.
The merchants using CoinPayments need to get their API by registering on the website and then integrating the API with their website. It provides a convenient way to accept crypto payments through Bitcoin and Bitcash by facilitating GAP600 instant confirmations. The payers can choose the merchants by their name stated in the form of $CoinPayments and specifically make payments to them.
It features digital multi wallet that stores all your crypto coins safely and accepts more than 450 different types of crypto coins. It even lets you convert from one currency to another like from Bitcoin to Litecoin or Bitcoin Cash but summing up the Coin tax with conversion partner fees.
Another interesting feature of CoinPayments is the airdrop facility of its own CPS coins that lets all kinds of users to benefit by having 50% discount on hosting and transaction fees, rebates on online withdrawal fees, and even stake the coins to have a yearly profit of 25%. The gateway has its mobile version of the application which helps the users to accept payments easily from anywhere and convert them automatically in their desired currency reducing the time and fees for money transfer.
Blockchain.info
Blockchain.info is not just an online digital wallet but also a repository that lets you explore Blockchain related information, developments, market coverage, and the statistical report of Blockchain and Bitcoin usage.
It supports Bitcoin, Bitcoin Cash and Ether to do transactions globally. It ensures a completely safe transaction procedure with two-step authentication feature to save your online account from the prying eyes by enabling PIN protection mechanism.
The payment protocol of blockchain is supported by API V2 for which the merchants need to apply and get their unique API for receiving payments through Blockchain.
To get this API, first you need to create an XPub BIP 32 account in the Blockchain Wallet which acts an external key to your wallet account and the API calls. This external key helps to transfer payments to your Blockchain Wallet.
Creating a Blockchain Wallet requires a simple registration procedure which displays your transaction data on the right side so that you can keep track of your send and receive payments.
It is one of the trusted Bitcoin and Ethereum wallet having vast experience from years and is completely user-friendly to help your receive payments easily with its simple procedures. Currently, Blockchain.info is no longer available, and it has been replicated with the .com domain as in Blockchain.com.
CoinsBank
CoinsBank provides you the facility to use your Bitcoin Debit Card just like the general debit cards in online as well as real-time stores. It is straightforward to operate for accepting and receiving payments at any point of time through its real-time debit card operating features by swiping it over the card reader.
CoinsBank debit card service helps you to faster deposits and withdrawal of funds providing high-level security with two-factor authentication procedure. It verifies your online account and the transactions associated with it, issues PSI DSS certification, provides additional security features and even facilitate you with an offline wallet reducing online fraud risks. It also enables free transferring of funds to anyone using CoinsBank for 24 hours along with active customer support.
It encourages the most effective trading of cryptocurrencies and major fiat currencies keeping you updated about the ongoing market rates and fluctuations so that you have the maximum profit and suffer no loss. It offers easy trading procedures being a licensed partner of Forex and facilitates lawful trading without any restrictions.
The mobile application of CoinsBank is very beneficial for instant transfer and payment of funds and keeps you notified through push notifications about its latest updates, your ongoing trades, and transactions. You can enable and disable your CoinsBank Debit Card as per your convenience.
GoUrl.io
It is an open source payment gateway that accepts Bitcoins and various other cryptocurrencies like Bitcoin Cash, Dash, Litecoin, Dogecoin, Potcoin, Speedcoin, Feathercoin, Vertcoin, Reddcoin, Peercoin, etc. at 0% transaction charge. It doesn't require any personal information, ID’s or registration and helps user accept payments anonymously direct to their wallets from anywhere around the world with 100% security.
GoUrl.io supports SSL encryption to protect from the third party intruders and an automatic procedure of updating the merchants about the incoming payments. There are many sellers over the market who don’t own any online website for their business but has contents to sell like videos, pictures, music, books, etc. For them, Gourl.io offers an easy procedure to create free urls to upload their required contents, set amount for their prices and sell it online charging 3.5% for each sold items. It provides various earning options for online merchants like:
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White Label feature which helps pay through your official logo
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Pay-per Product feature for the unpaid invoices
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Pay-per Download to let visitors pay for downloading your files
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Pay-per Post to earn money by selling your blog posts
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Pay-per Registration to grab coins for each new user registration on your website
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Pay-per View page to earn coins with your paid contents
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Pay-per Member to earn money with your valuable membership plans
It also ensures direct fund transfers between multiple users of the same website and lets you earn 0.50% from each payment done in Bitcoin.
Coingate
It provides the user an easy facility to trade with any cryptocurrency especially Bitcoin and allows seamless transactions for all altcoins like Litecoin, Bitcoincash, Zcash, Ripple and many more.
Accepting payments in Bitcoins is quite easy through the Coingate payment gateway. As a merchant, you need to set the amount of a particular product on your website just like any other online websites for example- 20 Euros. The Coingate payment gateway will evaluate your amount in terms of Bitcoin current rate in the market and give your customers a total sum of the amount they need to pay in Bitcoins. You customers are prompted with options to pay from their digital wallet or by scanning the QR code.
As soon as they pay, Coingate gives you the payment reducing 1% transaction fee. Complete transparency is maintained in the payment procedure from customers to merchants’ side with a unique set of addresses for each of them and a facility for the merchants to track their history of payments along with updates. It comes with an easy-to-integrate API for all e-commerce sites with plugins and traditional POS system to initiate flexible transactions.
Coingate is great for the traders as it offers them the facility to exchange Bitcoins at best market price and transform them into fiat currencies like Euros, Dollars and all major currencies for easy withdrawals.
SpectroCoin
SpectroCoin is a London based cryptocurrency payment gateway supporting payments from Bitcoin and other cryptocurrencies like Ether, Dash, NEM, etc. It comes with a prepaid card facility that can be used anywhere abroad for payment purpose. It can also be called as a Blockchain wallet that facilitates easy transactions across the web and mobile platforms with its user-friendly approach.
It helps you trade crypto coins easily as per the recent market rates. SpectroCoin card looks exactly like debit and credit cards. It can be used globally in more than 30 million ATM operators, and 25 million stores having high withdrawal and deposit limits. The amount stored in your Spectro Coin digital wallet is integrated into the Spectro card. You can convert the crypto amount by withdrawing the money in EUR and USD fiat currency.
SpectroChain wallets help you to accept payments from other business parties and customers from anywhere around the world instantly within few minutes having greater security and meager settlement fees compared other crypto payment gateways.
The wallet helps you enjoy benefits from trading and various sources and help you manage the addresses of your Bitcoin wallet used in SpectroCoin. The mobile app of Spectro Coin is available for both Android and IOS to help you manage funds instantly.
Blockonomics
It is a complete decentralized cryptocurrency payment gateway that does not require any permissions, any third party authentication, and extra API integration to facilitate the transactions.
It provides completely secure environment to accept payments in Bitcoins, Litecoins, Bitcoin Cash, Ether, Ripple, etc. The merchants don’t need to register or provide any private information and can accept payments anonymously for the purchase of their products globally. It also supports major crypto wallets like Blockchain.info, Mycelium, Trezor, Ledger Nano S, etc.
Whatever payment the customer pays for the purchased orders doesn't get directed to any payments gateway as a mediator. The checkout process transfers the payment directly to the merchant's digital wallet. The customer is prompted with a web page that consists of amounts calculated in Bitcoin and the respective address to send the payment.
The customers need to scan the QR code for the page or make payment from any of their digital wallets. It provides complete merchant security with secret invoices which cannot be decrypted by the prying eyes and even the Blockonomics authorities.
It features Wallet watcher which helps in managing your HD wallets by tracking your transaction history, displaying your current account balance, segregating your transactions with separate tags and sends you alerts through email and push notifications.
Coinify
Coinify with its extreme security measures and fast and flexible transaction procedures have received the best financial Blockchain service award in 2017 and has been voted as one of the best in the market.
It is a cryptocurrency payment gateway offering white label blockchain solutions throughout the world. It helps online merchants and traders to make maximum profits with its set of solutions suited to each requirement.
Coinify is in the field of the digital market since the year 2010 having vast experience with the online trading and transactions. It uses API integration method to conduct the payment procedures. It facilitates the customers with an option to pay in 15 types of cryptocurrencies and converts them into fiat currencies by supporting all major global currencies. Customers can initiate the payments from various platforms like web, mobile, tablets instantly without being a victim of the prying eyes.
Whenever a customer makes a payment in desired crypto coins, Coinify accepts the payment and sends a notification to the merchant. Then based on the merchant’s preference, the payment gets credited to the merchant's account.
The traders through Coinify can purchase crypto through their fiat currencies, and the exchanged amount they receive is given with respect to the current market rate of their purchased coins; complying to the AML standards.
Conclusion
The top 10 best cryptocurrency gateways especially dedicated to Bitcoin and other cryptocurrencies like Litecoin, Bitcoincash, Ether, Dash, ripple etc are making a considerable progress in the financial market giving end to end security for the transaction procedures and an ample opportunity for the merchants to skill in the online business at low processing fees which through fiat currencies are generally higher.
It also gives a convenient measure to accept payments in digital currencies and then converting them as per your choice easily without any extra charge and having easy withdrawals. The security measure of these payment gateways are revolutionizing the financial market slowly, and very soon we can expect these to be trending in all e-commerce platforms.