Top Services for Cryptocurrency Processing

In order to help you choose the right crypto processing provider, we have compiled for you the top of the best of them – evaluate the advantages of each and feel free to connect the one you like.  

How Do Crypto Processing Services Work?

Crypto processing is the connection of a cryptocurrency gateway – a payment tool designed to accept cryptocurrency payments (in bitcoins and other currencies) on a website or an online store. 

The process of accepting payments in cryptocurrency consists of several steps, more or less the same for each service:

• registration in the service and connection to the project;
• transition to the payment process on the website or in the online store;
• selection of the payment currency in the payment form (BTC, ETH, etc.);
• making a payment and its confirmation by the system;
• receiving funds to the account balance in the service.

The process is largely the same as the usual payment for goods using a bank card. There’s just a little difference that to pay, the buyer needs to have funds on the balance of the cryptocurrency wallet in the currency in which he plans to pay. Some services offer an option of buying cryptocurrency for fiat money (dollars / euros) from a bank card directly on the payment page.

Also, when sending a payment, a blockchain network fee is charged, which is paid by the sender, not the recipient. The seller (merchant), as a rule, pays a commission when withdrawing funds from the service.

The payment process is user-friendly, so website visitors who have ever used cryptocurrency will be able to make a payment without any difficulties.

We talked in more detail about connecting crypto processing in the article «How to start accepting cryptocurrency payments on a website».  

Let's move on to an overview of the most popular services. The up-to-date information about the services presented is available on the official websites of the companies. 

BitPay

BitPay was founded in 2011 when Bitcoin was still in its infancy. They were among the first to see the potential of Bitcoin to revolutionize the financial industry, making payments faster, safer, and less expensive on a global scale. 

In a sense, they can be considered pioneers in blockchain development. Their future also seems bright – the service plans to remain the technology leader, creating more and more tools and services available to everyone.

The main advantages of the service:

• Support of almost all cryptocurrency wallets (their number continues to grow).
  
  
• 12+ coins, including Lightning Network payments.
  
  
• Only 1% transaction fees – no setup fees and no monthly minimums, no hidden fees (however, the percentage of transaction fees may be higher for a high-risk business).
  
  
• Operates in 229 countries.
  
  
• There are convenient e-commerce plugins (Woocommerce, WHMCS, Magento, Shopify...).
  
  
• BitPay is also convenient because it provides for the automatic conversion of cryptocurrency into fiat.

To start using the platform, sellers need to create and verify their business account, create wallets in selected cryptocurrencies, and then specify a bank account where they plan to withdraw their income. 

Coinbase Commerce

Coinbase Commerce can also be considered one of the old-timers in the industry. Founded in 2012, the service is trusted by more than 89 million users. Coinbase is on a mission to increase economic freedom in the world because if the world economy ran on a common set of standards that could not be manipulated by any company or country, the world would be a more fair and free place, and human progress would accelerate. 

The main advantages of the service:

• accepting payments in seven cryptocurrencies – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USD Coin, Dogecoin and DAI;
  
  
• commissions are levied on withdrawals: 1% for converting to fiat and crediting to the Coinbase Pro exchange account or network fees for withdrawal to a third-party wallet;
  
  
• easy invoicing your customers;
  
  
• since Coinbase is a whole network of payment solutions, sellers immediately receive all the necessary services through one integration;
  
  
• integrations with Woocommerce and Shopify are available.

To register, you just need to enter and confirm your e-mail address. To use the service, you need to pass KYC verification. Otherwise, access to the service may be restricted. 

CoinPayments

CoinPayments offers many ways to accept cryptocurrency payments from your customers. Not only the cryptocurrency gateway, but also a crypto wallet is accessible to users. CoinPayments is trusted by more than 70,000 merchants. 

The main advantages of the service:

• low processing fee (from 0.5% with an average market rate of 1%), 1% is charged for a transaction with tokens;
  
  
• a diverse selection of cryptocurrencies (more than 175 types, including quite rare ones);
  
  
• users can exchange one cryptocurrency for another directly in their personal account;
  
  
• a large number of e-commerce plugins (WooCommerce, Shopify, Easy Digital Downloads, Magento, OpenCart, X-Cart and many others);
  
  
• payments are sent automatically to the wallet of your choice;
  
  
• convenient mobile application.

You will need to register via e-mail to start working with the platform. To access additional features, you will need to complete the KYC procedure. 

CryptoCloud

CryptoCloud gains the trust of users with its convenience and ease of use. This crypto processing is very versatile and can be suitable for anyone: from an online store owner to a blogger. Using it, you get an opportunity to connect the payments acceptance service on the website, in the online store or Telegram bot, issue short links for donations, and also safely withdraw funds. 

The main advantages of the service:

• The most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Tether, USDC, and TUSD.
  
  
• Ability to pass on payment of service and blockchain network fees to the buyer.
   
• Simple and convenient checkout – the interface is user-friendly and provides the convenience of placing an order.
  
  
• An option of cryptocurrency exchange.
  
  
• Easy integration – an option to connect using API and ready-made modules for popular CMS (Opencart, Woocommerce, Getcourse, Tilda, etc.).
  
  
• Fast funds withdrawal – withdraw assets from your account balance to your cryptocurrency wallet or exchanger, even on weekends.
  
  
• Security is ensured by protection against DDoS attacks and full data encryption.
  
  
• Invoicing – an option of quick generation of a payment link.
  
  
• First-line support is in touch on weekdays, weekends and holidays.
  

To connect to the service, you do not need to go through many verifications. It is enough to sign up, add a project, integrate using the API or ready-made modules and make a test payment. For any questions, you can find information in the FAQ section or contact the service support.

Learn more about the capabilities of our service and how to incorporate crypto acquiring in the article.

Coingate

Coingate was founded in 2014 in Vilnius. It features various reliable tools that the sellers can customize to their liking. You can accept cryptocurrencies from one account, as well as convert one cryptocurrency into another, which is also very convenient. 

The main advantages of the service:

• supports about 50 digital currencies; 
  
  
• transaction fee – 1%;  
  
  
• it is possible to withdraw cryptocurrencies with instant conversion to your bank accounts; 
  
  
• the service allows making one-time withdrawals of cryptocurrencies to a bank account or issuing a weekly withdrawal of assets in automatic mode;  
  
  
• the service supports traditional fiat currencies such as US dollars and euros (you can get paid in a wide variety of cryptocurrencies, and the service will convert them into dollars or euros, whichever is more convenient for you). 

To verify you in the system as a business owner, you will need:

• business registration document/certificate;
• articles of Association (AOA, also known as Memorandum or Charter);
• a government-issued photo ID (preferably a passport or an ID card). 

CoinsPaid

This crypto payment system helps any type of online business accept crypto payments and receive an equal amount in the national currency of their choice instantly or hold it and pay with crypto to their partners and affiliates. 

The main advantages of the Coins Paid service:

• a simple and secure gateway for cryptocurrency invoicing;
• a wide range of cryptocurrency payment methods for your customers that are suitable for any business model: payment links, recurring payments and channels;
• support of recurring payments;
• the transaction fee is 1%.

To get a business account on the platform, you need to submit an application by filling out the contact form on the website or sending a letter to the e-mail address. The sales managers will contact you as soon as possible. 

Triple A

Triple A is an easy-to-use cryptocurrency gateway. There's also an option to integrate the Triple A cryptocurrency payment system directly into your online store. 

The main advantages of the service:

• a single withdrawal fee of 0.8%; 
• compatibility with e-commerce, availability of PoS; 
• API support; 
• integration with Opencart, WooCommerce and Shopify; 
• built-in support for BTC, ETH, ADA, LTC, etc.

It will take a few minutes and an e-mail to register in the system. To use all the opportunities, you need to identify yourself.  

Blockonomics

Blockonomics specializes only in Bitcoin and Bitcoin Cash. The service gives you an opportunity to have a trading account that does not require maintenance. A big plus of the service is the option to use the API for free for the first 20 payments. 

The main advantages of the service:

• 1% transaction fee;
• no hidden fees;
• integrations with WordPress, Shopify, Wix, etc.

Verification is as simple as possible – you do not need documents to identify yourself, only an e-mail address. 

NOWPayments

You can use NOWPayments to accept crypto payments and convert them to fiat. With NOWPayments, you can not only create a Bitcoin wallet but also receive multiple crypto coins through their ChangeNOW exchange. 

The main advantages of the service:

• the service allows accepting more than 100 coins, stablecoins and tokens; 
• conversion of cryptocurrencies into fiat currencies; 
• transaction fee from 0.4 to 0.5%; 
• integration with WooCommerce, Shopify, etc.

To start using the platform, you need to create your own crypto wallet on it. Sometimes, it is necessary to go through the KYC / KYB procedure. 

ALFAcoins

The ALFA coins service has the functions of both a crypto wallet and crypto processing, which allows you to integrate payment using Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Tether ERC-20, XRP. 

The main advantages of the service:

• Only 0.99% transaction fee. The commission can either be included (paid by the client) or excluded (paid by the seller) from the invoice. 
  
  
• Take control of your data with revenue analytics, sales dynamics, payments of your choice – all in one place.
   
• Automatic withdrawal of funds – schedule automatic withdrawal of the required amount daily/monthly/quarterly/yearly.

To confirm the legality of your business, you need to submit scans of various documents depending on the jurisdiction. You can find the details by writing to the crypto processing support. 

PaymentCloud

The PaymentCloud platform allows receiving payments in various crypto coins, such as BTC, ETH, ADA, XMR, etc. There is no installation fee. However, PaymentCloud differs from others as it provides businesses with customized quotes and plans. 

The main advantages of the service:

• Easy trading account integration – connect your account to all the programs and solutions you already use. There is an option to integrate with CRM, accounting software, inventory tracking, and more.
  
  
• Transparent pricing schedule.

Integration is fast, but for verification, you need to provide brief information about your business. 

Paychant

Paychant enables small and corporate merchants to take advantage of digital currency for faster and inexpensive payments. 

The main advantages of the service:

• easy-to-integrate payment buttons; 
• transaction fee – 1%; 
• Magento plugins, WooCommerce, Shopify coming soon; 
• free installation.

Why Should a Business Accept Cryptocurrency Payments?

We really hope you were able to find something suitable for yourself from this long list. The modern world does not stand still but is constantly moving forward, and cryptocurrency will soon become the most ordinary part of our financial system.

If making a choice was too difficult for you, you can trust our product – CryptoCloud has proven its reliability and security. We remind you that its connection is completely free, and you do not need to go through numerous verifications to begin using it, so you can get started at any time – even right now!