How your business can accept crypto payments with CoinsPaid

Embracing cryptocurrency payments has become a strategic necessity for businesses aiming to expand their global reach and tap into a tech-savvy consumer base. 

Accepting crypto payments in 2024 is not just about staying ahead of the curve; it’s about leveraging the myriad benefits that digital currencies offer, including lower transaction fees, enhanced security, and access to a borderless market. 

CoinsPaid, recognized for its robust and secure platform, offers a seamless integration process for businesses of all sizes, making the adoption of crypto payments straightforward and beneficial. 

This guide will walk you through setting up your crypto payment gateway with CoinsPaid, from the initial consultation and sign-up to integration, onboarding, and going live. Whether you’re in eCommerce, or any other sector, discover how CoinsPaid can transform your business by providing a secure, cost-efficient, and expansive payment solution.

Setting Up Your Crypto Payment Gateway with CoinsPaid

Step 1: Initial Consultation and Sign-Up

Start by submitting a request on CoinsPaid website. The process begins with an initial consultation to understand your business needs. You’ll be assigned a personal manager who will be your guide through the integration process.

Step 2: Integration and Onboarding

Integration with CoinsPaid is straightforward, designed to be accessible even for those with minimal technical expertise. The tech team from CoinsPaid will assist you in every step, ensuring a smooth transition. This includes:

• Implementing a ‘Pay with Crypto’ button on your website.
• Selecting which cryptocurrencies to accept, including popular options like Bitcoin, Ethereum, and stablecoins like USDT.

While as a merchant, you will be ultimately responsible for the integration, it is important to note that you have the option to conduct this set-up through intermediaries. 

Step 3: Testing and Going Live

Before you are ready to accept crypto payments, conduct thorough testing to ensure the system works seamlessly across all transactions – from payments to withdrawals. CoinsPaid supports you through this phase, guaranteeing a flawless operation from day one.

CoinsPaid provides tailored processing features like channels for balance top-ups, invoices for simple cryptocurrency deposits, and payment links for easy transaction completions.

Benefits of Using CoinsPaid’s Cryptocurrency payment gateway

Here’s a detailed look into the advantages that underscore why CoinsPaid is the preferred choice for businesses aiming to embrace cryptocurrency payments:

Market Leadership: CoinsPaid brings over a decade of expertise to the table. Its track record of processing over €700M in crypto monthly and handling over 1 million transactions per month for 1HY 2023 demonstrates a robust and reliable platform. Further elevating its stature, CoinsPaid has been celebrated as the most awarded payment gateway of 2023, receiving commendations across notable platforms and entities, including the EiGE, and Global Brands Magazine. A pinnacle of its achievements was being named the “Best Cryptocurrency Payment Gateway of 2023” by Forbes. 

Compliance and Security: Registered and licensed in Estonia, CoinsPaid adheres to one of the strictest regulatory frameworks in the cryptocurrency industry. It employs leading risk-scoring systems for every crypto payment, integrates KYB procedures, and conducts independent security audits by reputable firms like 10Guards and Hacken, ensuring full transaction security and legal transparency.

No Hidden Fees: CoinsPaid promises transparency with zero setup or monthly fees, allowing businesses to save up to 80% on processing fees compared to traditional payment methods.

International presence: The service offers international coverage, fast transactions, and supports payments in 20+ of the most popular cryptocurrencies, alongside the option to instantly exchange crypto to 40+ traditional currencies.

Diversified Treasury Management: The platform offers a multi-level wallet system for optimal fund management, directing funds automatically from a hot wallet to an external one or cold storage based on predetermined thresholds.

Innovative Liquidity Aggregator: By integrating with leading exchanges and liquidity providers, CoinsPaid ensures the best exchange rates and minimal slippage for any amount, supporting almost instant transaction confirmations for the most popular cryptocurrencies.

Operational Efficiency: With features like no rolling reserves, a high acceptance rate, minimal commissions, and protection against chargebacks, CoinsPaid streamlines the payment process for businesses.

Final thoughts 

In summary, accepting crypto payments isn’t as technically challenging as it might seem. Businesses across various industries have praised CoinsPaid for its smooth integration and onboarding process, highlighting the exceptional support from the tech team and the seamless operation of the system from conversion to withdrawals.

Its blend of advanced security measures, operational efficiency, and dedicated customer support makes it an ideal partner for businesses aiming to tap into the cryptocurrency market while ensuring transaction safety and regulatory compliance.