Opening an online business often involves difficulties, especially when connecting an online payment system. Challenges arise with high commissions and integrating the payment system into your business. The solution is here – integrating a cryptocurrency gateway will simplify the acceptance of online payments in your business.
What is a cryptocurrency gateway and what tasks does it solve?
A cryptocurrency gateway is a service that facilitates the integration of cryptocurrency payments into the online business system. Its main task is to streamline the process of accepting and processing cryptocurrency transactions for companies and merchants.
Cryptocurrency, as a form of electronic money, addresses several key issues. It provides highly reliable protection against forgery, and its convenience lies in the simplicity and accessibility of online use. It is noticeable that cryptocurrency operations completely avoid control and interference from banks and regulators since each transaction is recorded on the blockchain.
After integrating a cryptocurrency payment system like 0xProcessing into your website, you will gain several advantages. Now you can send and receive funds, save on commissions, and conduct transactions at high speed. This will help your business expand its sales geography internationally, without being tied to fiat currencies. By expanding your customer base, you also attract funds from new industries and utilize modern payment methods, strengthening the competitiveness of the company
Types of Cryptoprocessors
Let's talk about three types of cryptoprocessing.
Fiat-Crypto: Using this method of processing digital payments involves converting fiat currencies, such as US dollars, euros, and pounds, into cryptocurrency. In other words, this approach allows online stores to accept payments in traditional currencies while receiving the amount in cryptocurrency.
Crypto-Fiat: Conversely, this type of cryptoprocessing allows users to make transactions by accepting cryptocurrency and automatically converting it into traditional currencies. This facilitates the use of cryptocurrency in countries where the traditional financial system prevails.
Crypto-Crypto: This method of processing digital payments is a model where the seller can accept various types of cryptocurrencies. Importantly, regardless of how many different coins they accept, the payment can still be received in a specific type of crypto asset.
Regardless of the chosen mode l— Fiat-Crypto, Crypto-Crypto, or Crypto-Fiat — cryptoprocessing tracks conversion, exchange rate change risks, and the receipt of funds into the seller's wallet.
Principle of Cryptocurrency Payments
The application of cryptoprocessing is well-suited for various business models, providing the opportunity for integration into existing processes or launching it as a new service. The primary functionality of cryptoprocessing lies in enabling customers to pay for goods and services using cryptocurrencies on online platforms and in e-commerce stores.
To illustrate, let's assume you decide to allow your customers to make payments in USDT (Tether). In this case, integrating a payment gateway on your website becomes a necessary step. Such a gateway will facilitate the acceptance of payments in USDT in exchange for the goods and services provided by your company, opening new perspectives for your business.
In many cases, connecting to payment gateways can be a complex task. However, with 0xProcessing, the entire process stands out for its simple and convenient integration, providing your business with an effective tool for accepting online payments. Additionally, the platform allows accepting payments not only in USDT but also in 50 other cryptocurrencies, making it a versatile solution for various transaction types. This variety of currencies ensures flexibility and convenience for both you and your customers.
Practical Example of Successful Cryptocurrency Gateway Integration
Let's imagine that you've launched an online store specializing in digital products, specifically video templates for Instagram. Initially, you used traditional online cash registers but encountered competition and purchase rejections due to high commissions, which in some countries could reach 50%. To overcome these challenges, you decide to implement a payment gateway.
After thorough research, you choose a suitable payment gateway, for example, 0xProcessing, which ensures secure transactions. Then you inform your customers about the implementation of the new payment method, highlighting its advantages and user-friendly nature.
As a result of these changes, you discover new customers who were unknown to your competitors.
How to Choose a Cryptocurrency Gateway
When choosing a crypto payment gateway, it's important to pay attention to specific aspects. Start by analyzing the transaction fees to ensure they align with your business needs. Another key consideration is the gateway's geographical coverage, providing access to global markets. Technical support and security features play a crucial role, so it's recommended to choose a gateway with a reliable infrastructure and transaction security capabilities. Additionally, it's important to ensure that the selected gateway integrates seamlessly with your current platform, providing convenience for both you and your customers. Careful examination of these aspects will help you make an informed decision and streamline the fiat-to-crypto payment processing in your business.
Integration Process of Cryptocurrency Gateway into Online Business
Connecting to a cryptocurrency gateway is similar to integrating any other payment service. Let's consider this using the example of 0xProcessing. Simply fulfill all the specified conditions, and in case of difficulties, you can reach out to the company's technical support.
By using the 0xProcessing service, you don't need to worry about the security of your funds and protection against fraud. By adopting this new payment method, you contribute to the development and expansion of your business.
Connecting Process
We specialize in the complete processing of cryptocurrency payments, including stages from order formation to completing settlements. This allows your business to operate with cryptocurrency even if you lack specific technical knowledge in this area.
1. Fill out the form on our 0xProcessing website
For the integration of crypto-processing on your website, provide us with the necessary information using the contact form.
- Full Name
- Company Name
- Email Address
- Social Media Handle (Telegram, WhatsApp)
2. Activation of your account
Then our manager will contact you to clarify the merchant's request, including details about what you need from our services and what business goals you are trying to achieve. The KYB procedure takes place, ensuring comfort and security while making this process crucial yet as simple as possible. The manager guides the merchant, leading them through this procedure.
Then the manager sends a link for you to activate your account. Inside your account, you can take advantage of connecting VRCS to enhance security and protection against volatility.
3. Integration of 0x on your website
Next, we move on to the integration process. In the case of 0x, this process is carried out through the API. Developers on your end independently implement the service, and we provide consultations and answer questions. In the future, ready-made templates are planned to be provided, significantly speeding up the integration process.
After the integration is complete, everything is ready, and the merchant can start making transactions. With 0x, there is an interesting opportunity to conduct a test transaction in a test payment form, allowing you to assess.
The system's operation and functionality without the risk of losing real funds.
Opening an online business, integrating online payment systems faces challenges, including high commissions and integration complexities. The solution is a cryptocurrency gateway that simplifies the acceptance of online payments.
A cryptocurrency gateway, such as 0xProcessing, ensures a high level of security and transaction efficiency. Integration allows the business to receive and withdraw funds, save on commissions, and conduct operations quickly.
