There are many ways to accept crypto payments for online businesses. However, cryptocurrency payments have some interesting benefits. However, they also have some challenges. Many business owners want to accept payment in crypto, but not everyone may have the required technical skills. Therefore, they demand crypto payment solutions to benefit from the latest technology. A top crypto payment processor, CoinRemitter, has demonstrated a smart approach to meeting this demand.
Here, we’ll discuss the required ‘simplicity’ in crypto payments, and then we’ll try to understand the approach of this cryptocurrency payment gateway.
Simplicity Required with Crypto Payments
- Simplicity in Crypto Payment Integration: Adding crypto payments to a website wasn’t easy when it was first started. That’s why many business owners didn’t want to try this payment method.
- Simplicity in Finances: Crypto transaction fees are lower than traditional transaction fees. However, platform fees may increase product prices or reduce profits. Therefore, many business owners welcome a crypto payment gateway with the lowest fee.
- Simplicity in Fund Settlement: Sometimes, getting control over your funds can be a big challenge as well. Some crypto payment gateways may not release your funds quickly. Slow settlements can disrupt your cash flow and impact plans. Therefore, businesses prefer a gateway with faster settlements.
Now, let’s look at how CoinRemitter tries to provide simplicity with cryptocurrency payments:
Simplicity in Crypto Payment Integration
Open-Source Plugins
CoinRemitter offers open-source plugins for easy integration. They enable businesses to integrate crypto payments into their websites without requiring coding skills. These plugins work for WordPress (WooCommerce), OpenCart, PrestaShop, Magento, Laravel, PHP, and Node.js. So, online businesses with these platforms can start accepting cryptocurrency payments quickly.
Crypto API
API may sound complex sometimes. However, this crypto payment processor makes it simple. Business owners can easily generate invoices, accept crypto payments, withdraw funds, create new addresses, and check transactions. Everything can be done using the API docs with API keys and passwords for wallets.
Crypto Payment Widgets
Widgets are ideal for business owners who have limited/no coding skills. There are four types of widgets, each serving a different purpose. Four widgets are the Pricing Widget, Presale Widget, Payment Button, and Payment Page. Business owners can configure the widget and get the code/URL accordingly. It can be used to integrate cryptocurrency payments into a business website.
Simplicity in Finances
Lowest Processing Fee
CoinRemitter’s crypto processing fee is the lowest in the market. Businesses have to pay only 0.23% as a platform fee, plus the network fee. This way, businesses can save money and increase profits.
Gas Station
Premium plan users can enable the Gas Station feature to reduce transaction fees for selected cryptocurrencies. Business owners deposit gas balance in advance into a unique wallet. Withdrawal fees are deducted from this wallet during an incoming transaction. This fee can be up to 50% lower than regular fees.
Simplicity in Fund Settlement
Auto-Withdrawal
Unlike others, this crypto payment gateway doesn’t offer a wallet for holding crypto. Instead, it offers auto-withdrawal. As of now, funds are transferred to an external wallet automatically every 30 minutes. This reduces wait times and speeds up settlements. Premium users are allowed to turn off auto-withdrawal if needed.
API Withdrawal
CoinRemitter’s crypto API also allows withdrawals directly from the API docs using wallet credentials. Business owners do not need to log into their accounts to withdraw funds. If there is a security concern, they can turn off API withdrawals for a wallet.
Conclusion
Crypto payments don’t have to be hard. With CoinRemitter, businesses can accept crypto without complex setups, high fees, or slow settlements. Whether it is using plugins, the crypto API, or the Pricing Widget, the process is smooth and simple. Combined with the lowest fees and auto-withdrawal features, businesses can earn more and get funds faster. CoinRemitter provides a complete, simplified crypto payment solution for businesses of all sizes.
