According to the research done by PYMNTS and Bitpay in June 2022, 42% of the respondent companies plan on starting to accept cryptocurrency payments within the next 12 months. 85% of companies that earn over USD 1 billion from online sales are already implementing crypto payments to their POS platforms.
The respondents opined that a chance to find new customers was the strongest motive for updating their list of payment methods. Other motives included: improved competitive power, a chance to make cross-border transactions, and lowering money transfer costs.
This article explores the advantages and opportunities offered by the CryptoCloud crypto processing service and describes how to start accepting crypto payments and increase your payment conversion ratio.
What is CryptoCloud
CryptoCloud is a crypto payment gateway enabling you to accept and process payments in currencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), etc. The asset list grows constantly. The service offers a crypto acquiring solution for integration with online services, online stores, online schools, Telegram bots or other platforms.
The CryptoCloud service is convenient for a number of reasons:
- Free connection and low fees. You can sign up and integrate the service with a website free of charge. Transaction fees start from 0.4%. Medium and large businesses have the option to negotiate individual conditions.
- Easy integration. You have multiple ways to connect your project to the service. CryptoCloud offers a variety of ready-made modules for popular CMSs to ensure integration in just a few minutes. You can also use the service if you have no website.
- Fast money withdrawals.
- Ease of use. The interface is user-friendly. There are easily understandable instructions for all sections and fields. You can access your personal account from a desktop or a laptop computer as well as from a mobile device.
- Fast technical support and a large knowledge base.
- Data security and stable operation. The service uses encryption and protection against DDoS attacks. All users' funds are stored in secure cold wallets.
- Partnership program. Those participating in our referral program get 15% of the fees paid by referees.
- Constant development. We constantly update our service’s functionality.
CryptoCloud Capabilities
Automated acceptance of payments
The main advantage of CryptoCloud over manual money transfers is that it converts the price of products or services on your website from fiat to crypto automatically and generates a crypto wallet address. You do not have to select the customer’s currency or calculate the payment amount.
After the customer forwards money to the specified address, the system searches the blockchain for the transaction. If the payment is completed in full, the system will confirm it within a few minutes, depending on the chosen currency. If not the full amount was paid, the system will calculate the amount that should be added to it.
After the payment is confirmed, its status changes to «Paid», and the customer gets a notification to the e-mail address specified.
One of the features of the CryptoCloud — ability of users to buy cryptocurrency. Learn more in our article.
Creation of invoices
One of CryptoCloud’s key functions is generating invoices as payment links. It makes even those entrepreneurs who do not have a website or an online store able to accept international payments in any available cryptocurrency.
You can create an invoice for any amount you want manually in the Payments section. If you connect your website to the service, an invoice will be generated whenever a client chooses a payment method and proceeds to pay.
After money arrives to your account, you are free to transfer it to your crypto wallet or convert it into another cryptocurrency. The conversion between available cryptocurrencies is nearly instantaneous and does not require system verification.
Besides the standard features, advanced CryptoCloud account settings provide unique opportunities for more flexible payment management.
- Selecting a project, currency and invoice amount. The basic principle of creating an invoice involves selecting the project for which you want to create an invoice, as well as the fiat currency of the payment and specifying the amount in the specified currency.
- Managing the invoice due time. In CryptoCloud, merchants can set the invoice due time from 3 to 24 hours. During this time, the payment amount is fixed. This is done to protect both merchants and their clients from the volatility of cryptocurrency rates.
- Setting up regular invoice sending. If you need to send an invoice to e-mail at certain intervals, you can easily set up this option. In this case, if the first sent invoice was not paid, subsequent invoices will not be sent.
To add this feature, specify the required e-mail and create an invoice, after which a notification e-mail will be sent to your client. - Choice of payment methods. Merchants can select available payment methods for each invoice. The selected settings will only be applied to an individual manually created invoice. Automatically generated invoices on your website will display the payment methods defined in the project settings.
Creation of a permanent link to your project's payment page
CryptoCloud makes accepting donations and offline payments easier: you can create a permanent payment link for your project. Such links have a number of advantages:
- Ease of use. The client only needs to click on the link and enter the required amount in USD, after which he will be automatically redirected to the page of the created account for payment.
- Acceptance of offline payments. A permanent link can be converted into a QR code. Thus, clients and donors will be able to transfer funds even at a personal meeting.
- Possibility to customize the payment page. Our clients can add their company logo to the pages for entering the payment amount and the created invoice. To do this, you need to upload it in the project settings in your personal account.
- Separate links for projects. A unique payment link is created for each project. It can be integrated into a button on the website or sent in messengers.
Buying cryptocurrency
One of CryptoCloud’s most striking advantages is an option to integrate a partnership payment method that gives website users from all over the world a chance to use their bank cards to buy cryptocurrency.
After buying the cryptocurrency, the invoice will be paid automatically and the money added to your CryptoCloud balance.
You can take a look at the cryptocurrency purchase page if you follow the link. You also can purchase cryptocurrency without paying the invoice. Learn how to enable this payment method from this section.
Handling multiple projects
The process of adding a project is intuitive and easy. All you have to do is fill in a few fields and select the settings you want. Use the video guide you can find in your personal account, if necessary.
You can add multiple projects and manage them with ease from your personal account, i.e. select available cryptocurrencies, set up payment methods, disable projects temporarily or delete them. The number of projects is unlimited.
Selecting the side of commission payment
In the project settings, the merchant can choose the payment side of the CryptoCloud service commission (from 0.4%) and the blockchain network. This option allows for flexible customization of invoices.
When set to «Customer», the commissions will be added to the invoice for the customer to pay. This will allow the merchant to save money on acquiring and use it practically free of charge.
When set to «Customer», the commissions will be added to the invoice for the customer to pay. This will allow the merchant to save money on acquiring and use it practically free of charge.
When «Merchant» is selected, the amount of commission will be automatically deducted from the amount of receipt to the account in the personal account. With this option you can increase the conversion rate of payments, reducing the costs of your customers.
Setting up the accuracy of payments
Sometimes customers may pay an invoice with a small difference from the billed amount. This is usually due to unaccounted cryptocurrency wallet fees, payment processing service fees, or blockchain transfer fees.
CryptoCloud merchants can set rules for confirming partially paid invoices as a percentage of the invoice amount or in dollars. In the project settings, you can, for example, set the value at 1%. In this case, if the amount due was $100 and $99.2 was received, the invoice will be considered paid.
Payment page customization
In CryptoCloud, merchants can make the payment page more recognizable for clients by adding their logo to it. You can do this in the project settings. In this way you can increase customer trust and payment conversion rate.
Payment analytics
You can access your stats through your personal account. The data includes all payments for the selected period: created, paid fully or partially. You can view details for each payment, confirm partially paid invoices manually, track payment dynamics through your account using the dashboard and charts, or download it all as an Excel file.
The service has the option to set limited access to some sections of your personal account for other users, such as developers, support or finance staff.
Users now can exchange their crypto on the CryptoCloud website — learn how.
CryptoCloud Payment Page
The payment page conversion depends on a number of factors. Research by Baymard Institute demonstrated that 17% of customers abandon their orders because the payment process is too long and the payment page interface is too complicated.
Our developers made the checkout interface very clear, even for users who have not used cryptocurrency for payment before. Like in most payment services, the payment method and the currency selection are on the left, and the final amount is on the right.
The available currencies include:
- Bitcoin,
- Ethereum,
- Litecoin,
- USDT (ERC20 / TRC20),
- USDC (ERC20 / TRC20),
- TUSD (ERC20 / TRC20).
We are constantly expanding the list of currencies we work with. Learn about the available payment methods from this section.
The invoice is available for payment within 24 hours after it is created. The price stays fixed for that period, protecting both parties from cryptocurrency volatility. You can find a payment page sample on our website.
The CryptoCloud checkout process has all hints and guides so even a person just recently introduced to cryptocurrencies can make payments easily.
The interface is available in several languages, which makes it easier to pay and receive payments from abroad:
- English;
- Russian;
- German;
- French;
- Spanish;
- Italian;
- Chinese.
Project Connection
You can connect the CryptoCloud crypto acquiring in several steps, including sign-up, project creation, website integration, and testing.
Step 1. Sign up
The only things you need to sign up are an e-mail address and a Telegram username. Think of a password and verify your e-mail address by following the link in the message you have received. After you log in, follow the guide introducing you to your personal account.
Step 2. Add a project
In order to add a project, click on the relevant button in your personal account’s left menu and fill in a small form. Enter a name, an activity type and a brief description. Next, select the cryptocurrencies you want and the payment acceptance method.
You can accept payments even if you don’t have a website: just generate invoices as links manually. Upon connecting processing to the website, invoices will be created automatically when the buyer selects the desired payment method.
After that, provide a few links: to the website and successful/failed payment pages. For CMS projects, it is enough to specify the website’s domain and select the platform from the drop-down menu. The rest of the fields will be filled in automatically. Then click the «Add Project» button.
Step 3. Integration
In order to be able to accept stablecoins and other cryptocurrencies, integrate the service into your website. The whole process will take an hour at most. We offer three integration methods to choose from:
- structured API;
- ready-made modules for CMS websites (Opencart, Woocommerce, Prestashop, etc.);
- HTML module.
A detailed step-by-step guide for each integration method will help even those with no programming experience setting up the connection. If you still need help, you can always contact our technical support.
Step 4. Testing
When adding a project, the integration testing mode is automatically enabled. It allows you to create accounts in any available way and confirm them without payment - the balance data will not change.
To make an integration test you need to create an account on your website. It will open in a new tab. To confirm the test payment in the personal account of the merchant on the CryptoCloud website, go to the "Payments" section, find the created account and click on it.
Once the account is opened, you need to click on the "Confirm account without payment" button. Next, we will send a notification of successful payment to the mail specified in your personal account. If the status of the invoice has changed to "Paid", then the integration of the payment system has been successful. In case of any difficulties you can contact our technical support.
Step 5. Accept crypto payments
Congratulations! You can now accept cryptocurrency payments on your website with CryptoCloud.
Accept Payments Using CryptoCloud
Dozens of users sign up and connect their projects to the system daily. We are interested in growing together with our merchants, so we work every day on upgrading our service, implementing new payment methods and improving the payment page conversion.
If you still have any questions about CryptoCloud, we recommend you start using our knowledge base, where we answer the most frequently asked questions or sign up for your personal account.
