Accept Crypto Payments on Your Website Zero Risk + No Chargebacks

Accept Crypto Payments on Your Website Zero Risk + No Chargebacks

It’s up to the seller to add an “other” payment method option at checkout. When buyers click that option, they’ll be able to message the buyer with their payment preferences — bitcoin, in this case. The seller then responds with a bitcoin address to complete the transaction.

Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend this currency like you would regular money. But there are new services on the horizon that could help people use bitcoin and other digital coins in more mainstream ways for their day-to-day finances. When you’re ready to go, you’ll see a cryptocurrency payment option.

The payment process runs on a completely transparent system of auditable smart contracts. Setting up bitcoin payments in your online store could be as simple as downloading a plug-in or app on your e-commerce platform. If this option is not available to you, you can integrate payments with HTML code from your wallet (both BitPay and Coinbase provide this). Speak to an accountant so you understand the tax implications of accepting bitcoin or other cryptocurrencies, as regulations vary by state and country.

According to a press release from UATP, whose payment network facilitates the cryptocurrency payments, Vueling planned to start taking crypto payments in the second half of 2023. Japanese cash-back/shopping site Rakuten began letting users choose bitcoin as a payment option in 2015. As part of a global bitcoin rollout, the company started with in the U.S. before expanding the new service to its counterparts in Germany and Austria. Rakuten made it possible by integrating the Bitnet payment processing platform into its own marketplaces. Centralized exchanges act as a third party overseeing transactions to give customers confidence that they are getting what they pay for. These exchanges typically sell crypto at market rates, and they make money on fees for various aspects of their services.

BitPay provides payments buttons, a hosted checkout, and embeddable invoices for your website. The service fee is collected automatically before funds are transferred to the merchant settlement account. One of the outcomes of this boom was that purchasing crypto has become easier than ever, and the service is available on multiple platforms. This has also led to a decorrelation between the price of altcoins and bitcoin. New retail investors are more interested in the project’s use cases and overall functionality, than they are concerned about bitcoin’s price. In partnership with three expert business owners, the PayPal Bootcamp includes practical checklists and a short video loaded with tips to help take your business to the next level.

how to accept cryptocurrency payments

To receive bitcoin payments for goods and services, the merchant needs to provide a crypto wallet address (most wallets also have QR codes). Before we look into how to accept crypto payments, let’s see how a crypto transaction is processed. The key difference between the traditional banking system and cryptocurrency payments is that the latter is peer-to-peer.

BitPay shields you from the price volatility of Bitcoin and other cryptocurrencies. You get every dollar or euro of what you charge, minus a low transaction fee. The QR code will be scanned by a customer who has a compatible crypto wallet to approve the transaction. The money is transferred from the client’s wallet to the merchant’s settlement account or through a DEX.

how to accept cryptocurrency payments

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Contact the BitPay team to start accepting Bitcoin and crypto payments for your B2B business. It’s natural to be skeptical of something new, especially when it involves money and finances. Cryptocurrency payment gateways are not mandatory or necessary to carry out digital currency transactions.

  • Explore FAQs and references to learn more about accepting crypto for your business.
  • Learn more about paying practically any bill with cryptocurrency.
  • On the other hand, the adoption of bitcoin by the Salvadoran population remains low—and the country has lost around $60 million, according to CNBC.
  • Use Stripe Identity to confidently verify the authenticity of ID documents from more than 33 countries, and instantly link US bank accounts for fiat payouts with Stripe Financial Connections.

Stay focused on building your wallet and DeFi products by leveraging Stripe’s banking-as-a-service APIs, Treasury and Issuing, to make money management easy. At, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Another key factor to consider is the range of cryptocurrencies that different cryptoprocessors support. For example, while Coinbase Commerce supports all four major cryptocurrencies— Bitcoin, Ethereum, Litecoin, and Bitcoin Cash—GoCoin only supports Bitcoin and Ethereum. It’s important to note that using Stripe requires some programming know-how.

After you enable a payment method that supports cryptocurrencies, you can accept any cryptocurrency that is supported by their service. When completing your transaction, there’s just one other thing to consider. Since cryptocurrency is decentralized, mining fees are the power behind your payment.

how to accept cryptocurrency payments

And, unfortunately, small businesses are often the target of payment fraud and data breaches. El Salvador made headlines in September 2021 as the first country to accept bitcoin as its official legal tender. The announcement is a new milestone in the widespread adoption of cryptocurrency. Crypto payments companies can help smooth out some implementation issues, like monitoring price volatility. However, a company will have operational questions to figure out.

Be sure to check your country’s cryptocurrency regulations before setting up an account with a gateway. These gateways can operate from anywhere in the world, and many countries are developing new laws regarding digital currency use. The best cryptocurrencies to accept as payment will depend on your business. Some businesses may want to focus on well-known currencies like Bitcoin or Ethereum, while others may want to explore some of the smaller and lesser-known coins.

Stripe allows you to design your own personalized payment processor using their API. This is great because it offers a lot of flexibility, but can be difficult to use if you don’t have your own programming expertise (or access to a programming expert). If using the BitPay Wallet to make a payment, you can choose to select “Pay in Wallet”.

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