With this rise in cryptocurrency use among consumers, many businesses and eCommerce store owners have started to accept crypto as a payment method, and choosing top crypto payment platforms is undoubtedly on top of everyone’s priority list. And, the easiest and most convenient way of doing so is to implement a crypto payment platforms. In this article, together with XAIGATE, let’s dive into the topics of what crypto payment platforms are, how to choose the best ones, and the top crypto payment platforms on the market in 2024.
What are crypto payment platforms?
Before going into the top crypto payment platforms on the market, let’s first discuss what exactly are crypto payment platforms. If you are a business owner or just someone who is interested in the field of cryptocurrencies, you have probably heard of phrases such as cryptocurrency payment gateway or cryptocurrency payment processor. Crypto payment platform is the equivalent of these terms, referring to crypto payment processing platform which facilitates crypto payments from consumers to merchants.
>>Read more in details about: Best digital currency payment gateway guide
How do crypto payment platforms work?
On the market nowadays, there are many top crypto payment platforms that have their own unique features to set themselves apart from their competitors. However, most payment platforms follow a similar protocol:
- Crypto payment platform integration: Business owners and eCommerce merchants integrate crypto payment platforms into their checkout process.
- Customers choose platform at checkout: Customers choose crypto as their payment method when checking out for services and goods.
- Crypto payment platforms process crypto payments: Crypto payment platforms accept payment information from customers securely and verify payment information before sending it to a blockchain network for further validation.
- Payment validation: Blockchain networks validate payments and notify both merchants as well as consumers if the payments go through successfully.
- Fund deposited: Payment is the deposited into merchants’ account either in crypto or fiat currencies.
>>>Learn more in depth about this process at: What is crypto payment gateway: A comprehensive guide
Why is choosing top crypto payment platforms important?
Now that we have gone over what crypto payment platforms are and how they work, let’s talk about why choosing top crypto payment platforms are important. There are many crypto payment gateways and platforms available on the market nowadays, so selecting for the best one is crucial to ensure your business is run seamlessly, swiftly, and securely.
It is important to note that merchants can choose to accept crypto directly into their wallets and manage their own crypto payments from customers. However, this method of processing crypto is at high risk of price volatility, security, and requires a great amount of time and effort. Therefore, most business owners opt for a crypto payment platform because of these features below:
- Security: Because top crypto payment platforms have preventive measures and strong security, merchants and consumers can rest assured their crypto exchanges are carried out in a safe manner.
- Seamless and swift transactions: Crypto payment platforms simplify the process of accepting, processing, validating, and settling crypto and enable a smooth transactions without delays.
- Low fees: Compared with fiat currencies processors, even top crypto payment platforms charge low fees, making it attractive to businesses of all sizes.
Factors that make top crypto payment platforms
In order to rise to the top of all crypto payment gateway services on the market, these platforms have to have unique outstanding features compared with their competitors. Some of these features include:
- Multi-currencies accepted: Top crypto payment platforms usually can process multiple different types of cryptocurrencies, enabling businesses to reach a wide pool of customers.
- Swift transactions: Processing time needs to be short so customers can experience the checkout process seamlessly, enhancing CX.
- Privacy and anonymity: Because of crypto’s attractive attributes of being private and anonymous, crypto payment platforms usually also promote these features to make sure consumers feel safe using their services.
- Security: Top crypto payment gateways are safe and secure, making sure their transactions are free of fraudulent activities.
- Global acceptance: The more areas in the world these platforms can cover, the better for the businesses who use these services.
- Low fees: Offering reasonable and affordable fees is important to attract businesses of all sizes.
- Great customer service support: A responsive customer service team is crucial to ensuring the gateway can be integrated seamlessly and run without problems.
Top crypto payment platforms on market in 2024
And, finally, after going over how these platforms work and how you can select the most suitable one for your business, let’s go over the leading crypto payment platforms on the market in 2024.
XAIGATE
XAIGATE is the leading crypto payment platform for global sales and wide customer outreach. We offer a crypto payment platform that not only is safe, secure, and fast but also affordable. Some of our unique features include:
- Low processing fees: Our fee is competitive at 0.2%
- No monthly maintenance cost
- Easy setup: User-friendly UX/UI, and our platform can be easily integrated with WooCommerce, Shopify, and other online eCommerce sites.
>>>You might be interested in: Gateway Woocommerce Pays With Crypto The Best
- Invoice services: XAIGATE assist clients with requesting payments and processing them through our blockchain API.
- Global payments: We accept crypto payments from mostly all countries, enabling businesses to reach customers from all over the world.
Binance Pay
Binance Pay is a leading platform for crypto exchanges between friends and family (P2P, or Peer-to-Peer transactions). Some of its special features include:
- Contactless and borderless crypto payment platform
- Accept 70+ cryptocurrencies
- NO transaction fees for buy, sell & receive digital assets since the users manage crypto wallets on their own.
Billbitcoins
Having been developed by US-based blockchain development company HashCash Consultant, Billbitcoins is one of the leading crypto payment platforms for businesses and enterprises. Some of its unique attributes include:
- 1% Transaction Fees after the first $1 million
- Online fraud detection and prevention features
- Compliant with security regulation around the world
- Consistent updates to keep the platform running seamlessly and without errors
If you are in the market for an affordable but fast, reliable, and secure payment gateway, XAIGATE would be a great choice as your gateway service. Contact us today and we will be happy to assist you every step of the way! With our professional team of experts, you can rest assured our crypto payment platform will be seamlessly and securely integrated into your business workflow.
>>>Learn more: Is cryptocurrency safe? How to safely invest?
