May 05, 2021 Crypto Payment Gateway- OverviewCryptocurrency payment Gateways allows businesses to receive and accept payments in cryptocurrencies from customers in return for the Good and Services.
These Gateway systems will allows the business entity to accept payments across globe, meaning from any country.
It also emphasis on the security due to the well known feature of blockchain based cryptocurrencies.For example, if a customer makes a purchase of any goods choosing cryptocurrency as a payment option, the transaction goes through the payment gateway at a fixed exchange rate and is then automatically converted to the required fiat currency of the merchant as that the owner can avoid the volatility of the crypto markets.
But some of the payment gateways do not directly convert cryptos to fiat, thus allowing the merchant to hold the crypto as long as they prefer in their wallet itself.Another major advantage of cryptocurrency payment gateways include its lower fees than any traditional credit card payment systems.
Some of the tools will be designed to show a dashboard to help track all the transactions.
These types of Cryptocurrency payment Gateways can be integrated in the e-commerce platform, point of sale systems, shopping cart software, billing, accounting solutions etc.Process of Integrating Crypto payment GatewayInitially we collect your requirementsAnalyze and come up with the best possibilities for integration.Feasibility study will be carried out.Thorough analyzation to identify any possible risks will be done effectively.Our development team will start developing and list out the plans for your approval.In an agile manner we carry out our development process.Once the development is over, we test the product in diverse environment.After a demo, we help you release the product for user acceptance testing.We analyze the feedback and help you launch.