Crypto currency payment processors. In the past recent years crypto currency payments are becoming more and more popular among business and customers, unlike before merchants /customers are getting the benefits of anonymity, security, instant and convenient payment method with crypto payment processing. Crypto payments solve the issues faced by merchants and customers while making payments due to the landscape fragmentation and different geo politics and regulatory issues. A crypto payment processor helps the businesses to accept payments online in crypto. A crypto payment processor takes the perceived risk of accepting payments on crypto by accepting payments using their wallet and facilitates the transaction between merchants and the customers. The collected funds are settled to merchants either in crypto or Fiat whichever the merchant opts for. There are many crypto payment processors out there, at offshore gateways we help our merchants to secure and receive payments in crypto and settlements are in both crypto and fiat.
Crypto payment processing Crypto payment processing is much cost efficient than fiat the cost of transaction is about 1% of the amount and settlement or withdrawing of crypto can happen several times quicker than other payment methods. Since Crypto payments are much more reliable and in industries like online casinos where payments often get declined for various reasons crypto payment processing are considered optimal solution as the block chain wallet cannot block a transaction. How does a crypto payment processing works?
Once the customer select the crypto payment option in the checkout in your website or app and the when the customer can initiate the transaction and proceed make the payment either from their crypto wallet or bank account. If the customer is making transaction using fiat (bank account) the amount equal to the digital currencies market value during the time of transaction is processed. Crypto payment processor instantly converts the payment into the currency merchant have opted and the money is added to merchants account/wallet with the payment processor, and the same is settled to the merchants bank account as payouts in periodic settlement which is agreed by both merchant and the crypto payment processor as per their contract . Merchants can receive settlements in both Fiat (Bank account) and Crypto (Crypto Wallet)