We process Bitcoin and 50 other cryptocurrencies for businesses from all around the world. Our automated gateway handles crypto payments every step of the way, from the creation of an invoice to confirmation of payment to customer support.
CoinGate is a helpful tool. It comes equipped with innovative features including but not limited to Bitcoin Point of Sale (POS), widgets as well as plugins for shopping carts such as OpenCart, Magento, WooCommerce, and VirtueMart..
๐ Hello everyone, this is Linda from CoinGate!
Blockchain technology and Bitcoin, in particular, are surely on the way to change the financial landscape forever. In fact, Bitcoin already made a huge positive impact, especially in the global payments industry.
That is why CoinGate is now 7 years and counting since itโs been helping businesses from all around the globe to accept payments in cryptocurrencies and benefit from the multi-trillion dollar market.
๐Start accepting crypto now ๐
Here are a few reasons why should you accept crypto payments:
๐ฑAvoid costly currency conversions
Paying with digital currency does not involve any need to convert one currency to another. In comparison, cross-border payments via bank account can get quite complicated as currency conversion might be necessary which creates additional obstacles.
๐ฐ Take advantage of cheaper transaction costs
Traditional payment providers will easily charge merchants 3% and a higher fee for every credit card transaction. Instead, some merchants take advantage of cryptocurrency payment gateways that offer distinctly lower rates (around 1%). Though considering the recent success in the development of the Lightning network, transactions on the Bitcoin blockchain might soon cost even less than a few cents.
โ Forget fraudulent chargebacks
When using cryptocurrency, merchants never have to worry about fraudulent purchases, because payments on the blockchain are irreversible. That means the merchant always knows exactly when he is paid.
๐ Embrace the new base of potential customers
Cryptocurrency is already widely used for purchases online. That means plenty of people prefer to use their Bitcoin wallets as a convenient payment tool. Moreover, crypto shoppers are more willing to return to the same places where they are allowed to spend their coins.
๐ Avail of the new marketing opportunity
Where there are new potential customers, there will be a new marketing opportunity. Merchants who advertise themselves as crypto-friendly establishments often catch the attention of crypto enthusiasts very quickly.
๐Improved Customer Privacy & Data Security
Cryptocurrency payments are pseudonymous. You choose how little or how much you want to know about your customers. No need to collect sensitive card or bank info, either.
----------------------------------------------------------------------------------------------How can you accept cryptocurrency payments through CoinGate?----------------------------------------------------------------------------------------------
There are different ways for a merchant to start accepting cryptocurrencies through CoinGate. Some methods allow more space for customization, and some are simple and require only a little effort.
โ๏ธ Plugin integration
The easiest and most flexible option is to integrate a plugin via the preferred e-commerce platform. CoinGate is partnered with many e-commerce platforms like WHMCS, PrestaShop, WooCommerce, Opencart, and others that provide official CoinGate plugins for merchants to accept Bitcoin.
You can download the plugin from the back-office of the e-commerce platform, or straight from the official website. Once you upload the module to your website, the last step is to set up API credentials, which are generated automatically by CoinGate.
โ๏ธ Point of Sale (PoS)
Merchants also have a choice to integrate the Bitcoin payment option with the Point of Sale Web solution. As long as the device is connected to the Internet, the merchant can accept Bitcoin payments face-to-face, on a go, anywhere, and instantly.
โ๏ธ API Integration
Merchants can make use of a payment API which is the most customizable solution of all. The API is designed to process cryptocurrency payments on virtually any website from the point of checkout to settlement.
The API works similarly to other integration options - it provides a Bitcoin address and QR code to finalize the payment. However, its implementation requires a wee bit of technical knowledge. To put the API to work, you need to implement its code on a website. Besides that, further API configuration might be a bit too challenging for a casual customer. Though for merchants who are eager to use the customizable API option, CoinGate is happy to provide a clear and detailed walkthrough of the process.
โ๏ธ Payment buttons
This is a very simple solution to accept cryptocurrency payments, yet fairly customizable. It is as easy as copying and pasting one line of code into your website. To some degree, you can easily adjust the function of the button according to your personal needs.
For example, you can set up a button to charge only one single amount. In other cases, the button can include a slide that allows choosing minimum and maximum amounts of payment. It is also possible to make a list of buttons with several fixed amounts to choose from.
Why should you accept crypto payments through CoinGate?
๐ Billing
Billing allows any business account thatโs verified on CoinGate to instantly create and send reusable cryptocurrency bills via email or a link with a QR code.
The solution is available to use from the account dashboard without any coding efforts at all. You can also set a schedule to send bills recurrently.
๐ช Merchant Directory
Merchant directory is made to connect crypto-friendly online stores with crypto-loving shoppers with ease. Your business can utilize this merchant directory as a means of additional marketing channel, and by showcasing your products, reviews for the whole CoinGate audience.
๐ค 50+ cryptocurrencies accepted
Customers can pay with the top cryptocurrencies out there. And we are constantly adding new currencies, so you could reach even more people willing to spend their cryptocurrency.
โก Lightning Network
CoinGate was one of the first companies in the crypto world to adopt the Lightning Network solution. With it, transactions between users are way faster, cost much less and give your customers even more privacy than when making regular Bitcoin or Litecoin transactions.
What is the pricing?
You pay only a 1% merchant fee for the transactions your customers make.
- No setup or recurring fees
- Free SEPA transfers and Bitcoin payouts
- Customer support & reporting dashboard
Ready to be part of the future?
As of now, becoming part of the cryptocurrency economy is not that difficult anymore. Any business can integrate cryptocurrency payments with ease and join the next revolutionary movement.
You can also see the example of how cryptocurrency payments work in our demo shop. And if you have any questions, do not hesitate and reach out to us!
Good luck and let me know if you have any questions!
๐ Hello!
It's been 1 month since we launched our product on ProductHunt! We have prepared an interesting review about the first quarters of 2021 that you can read here.
Some highlights :
๐ฐ 230,000 merchant orders processed in the first quarters of 2021
๐ป 2914 new business accounts
Are you interested in following more of such reports in the future?
โ๏ธHello everyone!
I hope you enjoyed summer or winter (depends on which Hemisphere you are located ๐) and are ready to kick off the new season!
๐จ We have some exciting updates to share! ๐จ
For our merchant convenience, we have added more cryptocurrencies! As of this day, 70+ new digital assets are available to be accepted for merchants using CoinGateโs services, giving shoppers a choice to pay within different cryptocurrencies of their choice. Here is the full list of accepted digital assets.
Are you thinking of accepting cryptocurrencies for your business, or perhaps you are considering it?