Since 2020, the cryptocurrency market gateway market has recorded exponential growth. This has a lot to do with the increased adoption of online payments when COVID-19 started, coupled with the security risks of such payments. Due to the decentralized nature of blockchain technology, most businesses found crypto payment gateways immune to such threats.
With the security risks of online payment systems only increasing over time, the demand for crypto payment gateways will also go up. Analysts expect this market to grow at a CAGR of 22.8%. For businesses, this means it is time to consider accepting online payments. Failure to do so can see you miss out on a key growth market.
Luckily, there are many cryptocurrency payment gateways that a business can easily incorporate into its systems.
Below are some of the best cryptocurrency payment gateways your business can integrate and have an edge in the fast-growing crypto payments market.
Payaabb market gateway
If you want to integrate a payment gateway that is both secure and easy on the end user, then Payaabb should be one of the payment gateways to consider. Regarding security, the Payaabb cryptocurrency payment gateway combines security systems built by the Payaabb team and external ones, such as Google authenticator.
Besides security, the Payaabb payment gateway is designed in such a way that it is enticing to the end consumer. For instance, it integrates social media networks into its payment systems. This means users can pay using WhatsApp and even via SMS, and that’s quite attractive.
At the same time, Payaabb is pretty easy to integrate. It does not require sophisticated skills to integrate, and you can always contact the Payaabb team to do it for you.
With all these advantages, it is not hard to see why Payaabb stands out among the best payment gateways to consider integrating into your business website in 2022.
This is one of the older cryptocurrency payment gateways. It has been around since 2013, and adoption has gained traction. One thing you will love about CoinPayments is that it supports a wide array of cryptocurrencies. Your clients can pay with up to 1400 cryptocurrencies. This payment gateway also comes with multiple shopping carts that a business can plug in on the go. With CoinPayments, you also get to avoid the risk of accepting money from questionable sources. That’s because it has KYC, which is essential to prevent legal issues.
BitPay was founded in 2011 and is one of the best cryptocurrency payment gateways in the market today. With BitPay, you can accept Bitcoin payments to your website easily and securely. The best part is that with BitPay, you can easily exchange your crypto for up to eight fiat currencies. BitPay is also available in up to 38 countries, which makes it a perfect gateway for any business that wants to go global. The only downside to BitPay is that the costs are a little higher than some of its competitors.
Coinbase is one of the largest exchanges in the world, and its merchant payment gateway is one of the best in the market. With the Coinbase merchant gateway, your business can accept Bitcoin payments and instantly convert them into fiat. This makes Coinbase Commerce one of the best for a business that wants to avoid the volatility of cryptocurrencies. The best part is that integrating this payment gateway is pretty easy. Anyone with some basic programming experience can do it.
Binance is one of the market’s largest and most efficient exchanges today. As such, you can expect their crypto payment gateway to rank among the best in the market. One of the critical factors you will love about BinancePay is that integrating it is quite easy. The transaction cost is also reasonable to businesses and their users. However, BinancePay has downsides that would make you want to consider other options. One of the most significant limitations of BinancePay is that it is not available in some countries. You also can’t use a private wallet on BinancePay.
SpectroCoin also makes it to the list of top cryptocurrency gateways a business can consider integrating. The best part about SpectroCoin is that it is easy to incorporate into any business. Pretty much anyone with basic computing knowledge can integrate this payment gateway. The only downside to this payment gateway is that it is limited in the number of countries that one can integrate it. The fees vary too, which can be a disadvantage in some countries.
CoinGate is a worthy cryptocurrency gateway if you want to accept Bitcoin and other cryptocurrencies. One of the best aspects of this gateway is that you can instantly convert to fiat. It also allows payouts in major currencies such as EUR and USD.
If you want a payment gateway that allows you to accept multiple cryptocurrencies (up to 100), this is the one to go for. NOWPayments is also designed for compatibility with various eCommerce platforms ranging from Shopify to WooCommerce. NOWPayment fees are pretty low, too, and decrease as the number of payments increases.
Any of these cryptocurrency gateways can serve you perfectly. However, of all of them, Payaabb is one of the best. Their services are highly personalized, and even if you have an issue with the payment gateway, you can contact their support and rectify it immediately. This is important considering that payments are sensitive and can cost a company valuable clients.