Nowpayments, a new payment gateway for BCH

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Avatar for Fexonice1
3 years ago

Accepting BCH for your e-commerce website, blog, or online business services is now being made easier with several payment gateways on the BCH chain coming out almost every day. BCH is gradually taking the front seat as peer-to-peer electronic cash with several innovative payment channels been integrated into its blockchain, and Nowpayment is the new kid on the block.

What is Nowpayment?

Nowpayment is a BCH integrated payment gateway that makes it easier for e-commerce websites, online stores, blog sites, and merchants to accept and receive BCH for payment for goods and services. If you are an e-commerce merchant or you have an online retail store, a blog website, and looking for a way to accept BCH payments for your services, NOWPayments offer you easy integration of a BCH payment gateway into your website, e-commerce store, blog sites or even social media accounts.

Nowpayment BCH integration service comes with a premium which starts at a 0.5% fee and goes down depending on the volume of payment received by an individual user. Transaction fees are based on individual performance for a target level of payment within a month or so. Overall, the fees become lower with a higher volume of payment in a month. Nowpayment services promised to be cheap, fast, and reliable.

How to Accept Bitcoin Cash on Your Website using Nowpayment integration

Nowpayment offers several ways for e-commerce websites and online business sites to provide their customers with the option to pay with BCH. The template for integration is designed to be simple, and transactions can be completed with just a couple of clicks. Every payment received is logged to users' NOWPayments account for tracking and analytics.

Step by step instructions to integrate Nowpayment on your website

  • The first thing you need to do is to sign up for a NOWPayments account. Signing up is quick and shouldn’t take more than a minute.

  • Next, select your preferred cryptocurrency to use and then add your API key to use for transactions. Go to your account store settings and click on Add new Key.

  • Copy the API key, then go to your website and Paste it in the required place for any type of BCH payment gateway. This can be either your widget, button, or invoice module.

  • Once all the above has been done successfully the integration will be active on your website, and you’re ready to accept payments in BCH.

Interestingly, Nowpayment works with Nowchange, a third-party exchange service to automatically convert payments made with other assets to BCH. This allows customers to use any asset of choice for payment while you received it in BCH. This is beneficial to both customers and merchants since it allows them to spend coins while you the merchant receive your payment in BCH.

Other services or products on Nowpayment include, but are not limited to the following.

  • Accepting donations. With this product, individuals who want to accept donations in cryptocurrencies can use these tools on their fundraising website to receive donations from anyone with cryptocurrencies assets which can be received in BCH if that is the primary asset a user set on his or her website.

  • Sending mass payouts. This product or service allows users to send mass payouts in BCH. By integrating these tools on your website or social media accounts, you will be able to send mass payouts to others.

  • Fiat processing. This works similarly to cryptocurrency exchanges. With these tools, users can process their cryptocurrencies to Fiat and send them to bank accounts. This makes exchanging cryptocurrencies received for payment on your website be quickly processed into Fiat without the need for external crypto exchange platforms.

All images from Nowpayments.io

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3 years ago

Comments

Interesting. I spread your link to some I know they do have a shop, site, who knows they'll use it soon. 👍

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3 years ago

This is the first time I heard about this term. I think this will help me in the future but I will just save it for now. Thank you for sharing a quick look around and tutorial. This is a great help to those who wabt to try this.

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3 years ago

I've learnt quite a few things from your article bro, my dream is actually to see every merchants accept BitcoinCash as major mode of payment, and from my own end, I'm trying my best to introduce to Nigeria market. This is a great way to make big business accept BCH as mode of payment.

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3 years ago