As business firms keep expanding their operations, the need for a payment gateway increases with every passing day. It offers a mechanism for accepting transactions made in any Cryptocurrency by the users.
A Crypto payment gateway is highly secure, prevents the chances of chargeback frauds, can be used for processing peer to peer transactions, and is completely immutable.
Using cryptocurrencies is beneficial as it can be exchanged 24x7, eliminates the role of third parties, low transaction fees when compared to debit and credit cards, and eliminates the chance of fraud.
The Typical Features of a Cryptocurrency Payment Gateway are
Support for the major cryptos, fiat currencies, and stablecoins.
Safety measures like two-factor authentication, jail login, cross-site request forgery protection, and server-side request forgery protection.
24x7 technical support is provided in numerous languages.
Has plugins integrated with e-commerce platforms.
Free deposits and withdrawals of cryptos by the users.
Access to transaction history for the users that helps in real-time monitoring of their payments.
An integrated referral program or an affiliate program where rewards can be earned by existing users for referring new users to the crypto payment gateway.
Cold storage facilities where funds of the users can be backed up securely. An offline vault is also available for safeguarding digital assets.
Compliance with the regulations of GAP600 that guarantees the instant execution of transactions made in Cryptocurrencies.
Integration with POS (Point of Sale) systems where payments can be made in cryptos for purchasing goods and services.
The Process that users have to implement while using a Cryptocurrency Payment Gateway
The user has to send information about the amount of cryptos that he is willing to pay.
The status of the transaction will display on the screen and he has to press the confirm option.
The payment will be confirmed after a few seconds.
The user can see the details of the transaction executed like the amount, time, and the party to whom the payment has been made.
His account balance will be updated immediately.
In this digital era, obtaining Crypto payment gateway services is highly necessary and inevitable.