Last Updated on February 11, 2021 by Ope Quadri
Since the inception of cryptocurrency in 2009 and its adoption globally as it reached an all-time high a few years after, it has become a medium of payment for online merchants.
In this post, we’ll talk about 20 bitcoin payment gateways you can use on your website. We’ll also talk about why you should consider accepting cryptocurrency payments on your site and introduce you to major ways to do it.
As you are aware, the cryptocurrency market is volatile. There could be a rise and unimaginable decline in cryptocurrency price in a matter of hours.
As such, business enterprises and online merchants are advised to convert any payments received in bitcoin, ethereum and others coins are quickly into fiat currency if they are not ready to for losses or not interested in the gains, arising from the potential rise.
By 2025, crypto market is expected to grow at a CAGR of 60.2 % , reported Modor Intelligence, this should be significant to online merchants. At this time of this research, the price index on bitcoin calculator shows that 1BTC was $11,844.36
6 Reasons You Should Starting Accepting Cryptocurrencies on Your eCommerce Website
- Easy to receive cryptocurrency payments.
- Ability to hold crypto as an investment
- It reduces the cost
- No delay
- More than 20 payment processors
- Choose to be anonymous
- No paperwork unlike conventional banks
Easy to receive cryptocurrency payments: All you have to do is give out an address and indicate how much crypto buyers or client need to pay.
Ability to hold crypto as an investment: Bitcoin, ethereum and other coins are volatile, but their value have increased tremendously over the past few years.
No paperwork: When you accept cryptos on your site, you don’t need paperwork. And their is no limit to the amount you can accept.
Accepting bitcoin on your site reduces the cost that come with other payment methods such as credit cards etc.
No delay: Merchants cant receive payment almost immediately unlike the fiat currency where you have to wait for 2 or more business days to receive an international payment.
Secured payments which could be retained indefinitely on the blockchain ledger
There are more than 20 payment processors available for you to choose from if you want an automated payment.
You can choose to be anonymous depending on the payment processor you choose from the list below.
Now that you know the benefits that come with accepting crypto on your website, how can you queue into this opportunity and make more sales globally? Let’s get started.
Ways to Accept Cryptocurrency Payments on Your Website
There are two ways to accept bitcoin payment on your website. You don’t really need to be tech-savvy to integrate crypto payment on your blog.
The two major ways are:
- Manual payment
- Automated gateway
Crypto Manual payment
Cryptocurrency manual payment used to be one of the ways the first set online merchants used before the payment gateway plugins came into being.
While the world is gradually shifting away from the manual payment options, there are some reason some people still subscribe to the manual payment.
One of the reasons you might want to opt-in for this is the fact that you don’t need to rely on third-party services to use them. This way, you can accept payment on your WordPress or any other Content Management Service (CMS) without having to go through another platform.
How To Start Accepting Crypto Payment on Your Website Manually
The process is relatively simple: just generate a bitcoin address on bitcoin.com, provide your wallet address on your sale page and provide instructions of how much money people should send.
If you want to take a step further in simplifying the process, you can sign up on luno, paxful, yellowcard and other wallet-enabled crypto platforms, copy your wallet address, paste on your site.
When you receive a notification, you can simply convert it to fiat currency (your local currency). For instance, right within your luno account, you can sell your coin.
Automated bitcoin payment gateways allow merchants to automate these payments and provide a host of other tools and reports to help make the whole process convenient for their potential online clients.
This allows merchants to accept cryptocurrency transactions on their site through a third-party payment processor directly into their wallet.
Some of the processors support cryptos such as bitcoin, bitcoin cash, ethereum, ripple, litecoin etc.
Now, let’s check this out…
Best 20 Bitcoin Payment Gateways You Can Use on Your Website To Simplify Sales
- BTCPay Server
Since blockonomics was officially launched in 2015, merchants across the world have been able to make more sales on their woocomerce website with 1% fee.
If you are searching for an anonymous bitcoin payment gateway, blockonomics should be your choice with its low fees, direct to wallet with no ID verification required.
I can confidently tell you that blockonomics is one of the best WordPress bitcoin payment gateway plugin.
With this plugin at your disposal, you can easily pay and receive bitcoin. That’s not all, we’ve also found out that one of the great features that make blokonomics stands out among other cryptocurrency payment gateways is the fact that Ethereum and Litecoin are also integrated into the app.
Benefits of Blockonomics WordPress Bitcoin Payment
- It saves you some coins when transferring your coins out.
- Conversion to fiat via Payment Forwarding
- First Payment Processor to support Segwit
- It removes middlemen thereby giving you the total control over your payment.
- No approvals of API key/documentation required
- Plugin available for WordPress, Magento, PrestaShop, Easy Digital Downloads, Open Cart, WHMCS, Joomla/VirtueMart
- As one of the leaders in crypto payment gateways, it eliminates chargebacks.
- Blockonomics supports all major fiat currencies.
If you are looking for bitcoin payment gateway integration for your website TripleA would get the job done ceaselessly.
Headquartered in Singapore, TripleA is the first crypto payment gateway certified by the Monetary Authority of Singapore (MAS).
Its WordPress plugin makes it easy for merchants in any past of the world to receive payment from their customers’ wallet directly into their wallet.
Triple A supports Euro (EUR), Pound sterling (GBP), United States dollar (USD), New Zealand dollar (NZD), and 15 other fiat or local currencies in your country.
It’s 0.8% flat fee gives a leverage over a lot of other crypto payment gateways in the market.
Advantages of TripleA Crypto Payment WordPress Plugin
1) No subscription, maintenance or set up fee
2) Compatible with all standard bitcoin wallets
3) Merchants get an email notification for each transaction
4) You don’t need technical knowledge to configure tripleA on your WooCommerce WordPress site
5) WooCommerce Plugin and open-source API for custom integration thereby giving you the freedom to choose the best that work for you.
6) No recurring fees.
7) No commissions or platform fees on bitcoin payments.
8) It eliminates intermediary.
9) Responsive support team
10) Single 0.8% commission.
Try to use XPUB and YPUB addresses when setting it up, and not the traditional 1….. or 3…… addresses.
To avoid conflict in the integration process or errors, avoid the currency switcher provided by GoURL. WooCS works great though (for displaying a live bitcoin price based on an underlying USD price.
Blockchain bitcoin payment gateway
One of the oldest cryptocurrency payment gateways is blockchain.info which is designed for business and for personal use.
Crypto supported by this API include Bitcoin, Bitcoin Cash, and Ether globally for transactions.
Blockchain API allows merchants to receive and send bitcoins to other wallets anywhere, anytime.
Downside of blockchain.info on WordPress
At the time of this report, there is no official plugin, it only provides bitcoin payment APIs which can be by merchants on their website.
API is a bit technical to implement for those who know nothing about code thereby making it technically tedious to implement.
With its API and plugin, GoCoin makes it easy for merchants to easily accept bitcoin on their woocommerce website.
GoCoin is now available on a number of shopping platforms, Shopify is one of them.
Payouts is available in US Dollar with 1% flag charges on all transactions.
With its 0.8% on all transactions making it the least expensive payment gateway, BitcoinPay has a feature that enables merchants to review completed transactions easily.
It offers plugins for Magento, WooCommerce, OpenCart, PrestaShop and several other shopping platforms.
CoinPayments is an online payment platform for cryptocurrency. Apart form the usual crypto wallet users have access to, it makes integration on WooCommerce website easy for merchants.
On Crypto Merchant Account is several tools for merchants to accept crypto payment on their website.
Accepted coins include Bitcoin, Ripple, Bitcoin Cas, Litecoin and several other coins for 0.50% as a transaction fee
Availability of auto coin conversion and multi coin wallets.
It also makes it easy for merchants to add their own coin in case it’s not available on the CoinPayments platform.
With 49 supported coins NOWPayments is another platform that allows merchant to accept bitcoin payments.
Created by the ChangeNow team in 2019, NOWPayments has been another change changer as it continues to expand to make integration on website easy.
Apart from the API, there is also a widget, an assortment of buttons, and a range of plugins, like the one for WooCommerce, WHMCS, and OpenCart for use.
BTCPayServer.Org is a self-hosted, open-source cryptocurrency payment processor you can use on Drupal, WooCommerce, Magento, PrestaShop, and Shopify.
BTCPay Server’s lighting network support makes it one of the best cryptocurrency payment gateways
This should be one of the best choices you could ever made with its 0% Fees
Headquartered in the United States, coinbase is one of the earliest crypto players in the market.
This is due to the fact cryptocurrency is highly regulated in the U.S which made it mandated for the company to abide by all U.S laws on currency exchanges.
It facilitates instant currency conversion from Bitcoin into fiat currency without the need for the merchant to have to request a withdrawal.
A merchant fee of 1% after he must have exhausted the free charge of the first $1 million of transactions.
Payments wired directly into the merchant‘s bank account in the normal time of 2 to 3 days, making it a great option for businesses of all sizes.
Easy integration with WooCommerce and Shopify
Downside of coinbase for merchants
- It’s limited features in some African countries make coinbase selective in its services.
- If you’re looking for anonymous payment gateway, coinbase isn’t your option.
If the question you’ve been asking is, “How do I accept bitcoin payments?” Well, alfacoins got you covered with its unique hedge feature that allows merchants to retain some amount of bitcoin from each transaction to cash in on surging prices.
It allows funds to be withdrawn in USD or Euro.
Transaction fee: 0.99%
If you have been looking for a cryptocurrency payment gateway gives you privacy, I believe laying your hands on plisio.net would be a great experience for merchants.
With its “No proof of identity needed” policy, Plisio makes it easy for online retail, commerce, crowdfunding, and other onine services.
This coin payment system only charges one fee of 0.5%.
For those who are allergic to code, Plisio has simplified everything for you as it works smoothly on Opencart, WHMCS, VirtueMart, and WooCommerce : just copy and paste code and start receiving BTC payment on your website.
Coinremitter cryptocurrency payment gateway for WordPress supports Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Bitcoin Gold, DogeCoin, Tether USDT (Omni), Test Coin, and Dash.
With 0.23% withdrawal fees, there is also paid premium plan for those businesses ($99.99/mon)
Supported Plugins are for WordPress, Magento, PrestaShop, Open Cart, PHP, and RestAPI
Its “Creat Invoice” allows merchants to carry out an exchange for goods & service. With this feature, you can share an invoice with users through mails.
Doesn’t accept fiat currencies at the time of this compilation, we’ll keep you updated.
BitPay is another easy and simple payment gateway to set up and operate on a website most especially on WordPress.
It offers a free cap of $1,000 worth of daily transactions and $10,000 annual transactions before its a 1% transaction fee is effected.
Benefits of using BitPay
Ability to choose withdrawal transaction speeds to whatever time frame is required. Two-factor authentication that helps make accounts more secure.
Only supports direct bank deposits in 38 countries.
CoinsBank is another cryptocurrency payment processor which is available for mobile via its free to download apps for Android and iOS.
Some of the fiat currencies supported by coinbank include US dollar, GBP, and EUR.
The good part, all transactions are made at the live market rates which gives you better control over your money.
If you’re thinking of how to accept bitcoin payments on your WordPress site, B2BinPay is another option
It allows you to send, receive, store, exchange, and accept cryptocurrency payments online, safely and securely.
Its features are:
- Downloadable reports, real-time balance and transaction history
- No recurring fees or hidden charges, Ultra-low processing fees
- Secure checkout, Automatic withdrawals
- Secure API and sandbox environment availability
With coingate, merchants can easily setup and monitor payments from their phones with its user-friendly app.
It supports over 40 crypto coins
It allows for the creation of bitcoin payment buttons on any website.
Coingate charge a 1% fee on all transactions, which usually take about 1 hour.
SpicePay enables merchants to withdraw their bitcoin payments via PayPal and even debit cards along with the standard bank transfer.
Charges: Flat rate of 1% on all transactions.
New merchants get free transactions for a limited amount.
SpicePay is great for merchant whose business relies heavily on PayPal, not the best choice for those who reside in countries where PayPal is restricted.
GoURL Bitcoin Payment Gateway
GoURL is one of the earliest players in bitcoin payment gateway with many integrations for merchants to choose from.
0% fees for the free version of its crypto WordPress plugin, however you would have to pay more on charges to use its premium version, for me that’s okay, but for merchants who want to maximise profit, GoURL charges are way too high compared to other competitors in the market.
GoURL crypto plugin works excellently well with major bitcoin wallets and compatible with bitcoin debit cards like the one offered by BitPay.
With its anonymous bitcoin payment gateway feature even makes it more appealing to many users of bitcoin who want business done quickly without the KYC.
It has proven itself to be one of the best WordPress btc payment gateways on the internet.
GoURL offers clear payment breakdowns thereby simplifying orders for users
Payments are received in wallet within 30 seconds of transaction.
Its 1-click payments on their sites using Monetiser Online makes it one of the choices of merchants.
It is n anonymous bitcoin payment gateway meaning it doesn’t support direct bank transfers. This may be a setback for some buyers and merchants who do not have an anonymous wallet or who depend on their debit cards for crypto transaction.
GoURL charges a 1.5% fee on all payments made through a website and 3.5% for using Monetiser Online. That’s high!
Shopify isn’t just a merchant platform, it also supports has one of the best cryptocurrency payment gateways.
Merchants can easily facilitate payments in bitcoin on the platform with its easy to use APIs integration with Coinbase and other payment gateways.
Merchants are required to sign up for a Shopify merchant account in order to use the payment processing facility.
With its presence in 15 countries, Gocrypto is another payment gateway that accepts cryptocurrency donations and sales.
Gocrypto isn’t completely anonymous as you would need to supply some info about your company before you could integrate Gocrypto on your website.
It supports bitcoin, bitcoin cash (BCH), the GoC token, and ethereum.
Limited countries on its raider, if your country isn’t on the list, sorry you won’t be able to use Gocrypto to accept payment.
MyCryptocheckout is one of the best cryptocurrency payments gateways you can find on WordPress.
With its flat rate of $59 fee per year on premium, the free version is $0 but with limited features, to enjoy the full features opt for the premium version.
MyCryptocheckout supports close to a hundred cryptocurrencies including bitcoin, bitcoin cash, litecoin, Binance Coin, bitcoin gold, EOS and ethereum
With this crypto payment gateway, you can use any crypto wallet of your choice and it automagically detects unique payments using one wallet address
While the aforementioned bitcoin payment gateways could be integrated into a website, my top five best cryptocurrency WordPress payment processor remains Blockonomics, BTCPay Server, MyCryptoCheckout, Coinremitter, and GoURL because of its long-term reputation in the market.
If you want an anonymous cryptocurrency payment gateways, my top five would offer you no-KYC feature, no paperwork, no IDs.
Bitcoin is faster than other payment methods, no doubt, wouldn’t you rather start accepting crypto payment on your website most especially if you sell digital products online?
It’s time to hear from you: What are the best bitcoin payment gateways you ever used? Share your thoughts with us.