5 Best Cryptocurrency Payment Gateways for Small Businesses

By Plisio | Plisio Crypto Blog | 18 Dec 2022

In 2022, Cryptocurrency is a payment method that is far from new – e-commerce websites have been accepting cryptocurrency for years now, as its popularity only keeps growing. Due to such high demand for cryptocurrencies, new crypto payment services appeared. So far, the most common service for a merchant to accept crypto for their business are cryptocurrency payment gateways.

Crypto payment gateways offer a range of features that any small business owner will find quite useful. This payment channel helps streamline the payment process and make it seamless, fast and secure for both the customer and the merchant. In this article, we will learn what the five best cryptocurrencies gateways are and what are their benefits.

What is Cryptocurrency Payment Gateway?

Just as any traditional fiat payment services process the credit cards payment, a cryptocurrency payment gateway processes payment in crypto. With such solution help, you can easily accept Bitcoin, Ethereum or USDT on your website easily.

Some people would say that there is no need for s merchant to use cryptocurrency payment gateway when accepting crypto payments –they can just use their crypto wallet instead. This is true, but things don’t work that easy for a small business owner. As conducting a business is time and effort consuming process, a cryptocurrency payment gateway offers such tools that can optimize the payment process and spare merchants from bothering with keeping a separate wallet and exchanging accepted crypto.

Based on the settlement options, transaction fees and supported ecommerce plugins, the 5 best cryptocurrency payment gateways in 2022 are:

Plisio

This is one of the most convenient crypto payment gateways for small businesses, as Plisio offers a variety of tools for bookkeeping, invoicing, mass payouts and business growth, which is perfect for merchants who’re looking to expand their reach and boost their revenue. The platform also provides a free Plisio wallet for merchants to accept, send and otherwise manage crypto payments.

The platform offers various integration options, including APIs, a payment button, Donation Page and shopping cart plugins.

One of the main Plisio advantages is the service fee, which start from 0.5% and is one of the lowest on the market.

Accepted cryptocurrency types: 18+ cryptocurrencies

Merchant fees: 0.5%

E-commerce plugins: 10 plugins

BitPay

BitPay was launched in 2011, when Bitcoin was only gaining its popularity. Following the trend, BitPay entered the market with innovative crypto payment gateway solution enabling all small business owners to accept Bitcoin and some of the other crypto. The BitPay wallet allows merchants to store send or receive crypto on multiple devices.

Accepted cryptocurrency types: 11 cryptocurrencies

Merchant fees: 1%

E-commerce plugins: 12 plugins

PayPal

Just a year ago, PayPal launched “Check out with Crypto” a new feature that allows customers to pay for goods with cryptocurrency. Available around the globe, but still not in every country, PayPal cryptocurrency payment gateway solution allows to check out with crypto safely and easily. PayPal also allows to convert crypto fiat, but imposes such action with heavy fees that not every merchant or customer will find satisfying. The checkout feature appears automatically in the PayPal owner wallet and provides for seamless crypto payments.

Accepted cryptocurrency types: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin

Merchant fees: $0–$30 (PayPal fees), 3.49% + 49 cents

E-commerce plugins: eBay, WooCommerce, Magento, Amazon

Alfa Coins

Alfa Coins crypto payment gateway is another interesting option for small business owners – the platforms offers its users a bunch of useful tools such as statistics, automatic payouts and auto withdrawals to external wallet, as well as payment invoicing. The platform provides a number of integration options, including APIs, a payment button, but only two e-commerce plugins.

Accepted cryptocurrency types: 8 cryptocurrencies

Merchant fees: 0.99%

E-commerce plugins: WooCommerce, WordPress

Coinbase

This is the largest US crypto exchange that also provides a cryptocurrency payment gateway solution – Coinbase Commerce. To adress the market volatility problem, Coinbase has integrated a conversion feature for crypto payments, which is also followed by heavy fees. The solution is compatible with many ecommerce CMS platforms, but there are not so many bookkeeping business growth options. However, CoinBase commerce is a good choice for merchants who wish to make crypto payments a part of their payment options and are not looking any further that that.

Accepted cryptocurrency types: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USD Coin, and Dai

Merchant fees: 1%

E-commerce plugins: WooCommerce, WordPress

Bottom Line

There are hundreds of millions consumers who use cryptocurrencies for payment with more than 250,000 confirmed transactions of Bitcoin daily. Cryptocurrency is predicted to be the future of finance, so it is only fair that cryptocurrency payments can easily replace fiat payments in the future.

If you’re a small business owner, it will be great start for you to start accepting crypto before before mass adoption, as it would make you competitive on the market and bring you a lot of new customers who don’t use credit cards or simply prefer crypto payment option over the fiat one.

How to start accepting crypto?

If you wish to grow your business while saving time and money, the Plisio cryptocurrency payment gateway will be a great choice. Not only will you find the widest range of accepted cryptocurrencies and lowest merchant fees, but also a variety of tools that greatly expand your business capabilities, such as bookkeeping, mass payouts, invoicing and ready-made customizable Donation Page. Among other Plisio benefits are:

-Free-of-charge registration and setup

-24/7 Live Chat Support

-Automated mass payouts

-Enhanced privacy and security

-Multi-currency account

-Trending integrations

Start growing your business with cryptocurrency today!

Please note that Plisio also offers you:

11 integrations