During the past few years, the cryptocurrency market has exploded in popularity, with digital assets like Bitcoin, Litecoin, Polkadot, and Ethereum growing substantially. It comes as no surprise then that many large corporations, including Tesla, Microsoft, Twitch, Starbucks, and PayPal, all accept payments for their goods and services with cryptocurrency in 2021.
Smaller businesses looking to make the most of the crypto craze can also accept digital currencies as payment with the help of online payment processors. Most take about 1% as the transaction fees, which is less than most credit card terms.
Here are six companies that can help you accept digital currencies as payment seamlessly.
The Atlanta-based company, BitPay offers various tools that make it easier to accept payments via crypto. Top features include payment buttons, hosted checkout, invoicing capabilities, and easy integration with QuickBooks and Shopify. Bit Pay protects businesses from Bitcoin fluctuations to a certain degree and allows customers to make payments online, in-store, and via email.
2. CoinBase Commerce
CoinBase is better known as the top marketplaces for buying and selling crypto. However, it also offers CoinBase Commerce that allows businesses to easily accept cryptocurrency payments with tools such as hosted checkout pages, invoicing capabilities, payment buttons, and integration with Shopify and WooCommerce. The differentiating factor is that CoinBase offers businesses granular control of assets so they can essential “act as their own bank.”
PayPal is an established payment platform with global consumers and 29 million merchants on board. The company has recently announced that PayPal users will also be able to make payments using crypto. Although merchants won’t be able to accept Bitcoin payments directly, PayPal will convert payments made in cryptocurrencies such as Bitcoin into fiat currencies such as euros and dollars.
As one of the longest-running cryptocurrency payment solutions, CoinPayments is one of the most widely used solutions that integrates with nearly every major e-commerce service such as Shopify, Magento, WooCommerce, and OpenCart. It works for both online and in-person transactions and has a processing fee of just 0.5%.
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