Updated: Oct 19
There are many different services that you can use to accept Crypto in your business. Which service you use, depends on what you need and how many transactions you expect to make.
In this post I will review two different services, NOWPayments and Coinbase Commerce.
NOWPayments: A Crypto Payment Gateway for Swift Current Businesses
NOWPayments is a user-friendly crypto payment gateway that enables businesses to accept payments in over 75 cryptocurrencies. The platform supports automatic coin conversion, making transactions smooth and stress-free. This means you can receive various cryptocurrencies, which are then automatically converted into your preferred currency. For example, you can choose to convert all your payments into a stable coin like USDT to minimize volatility risk.
The platform offers a range of tools, such as widgets and buttons, which makes integration with existing systems a breeze. NOWPayments is known for its low fees, making it a cost-effective choice for businesses of all sizes. Users have given the platform positive feedback, particularly for its ease of use and top-notch customer support. In 2022, NOWPayments reached significant milestones in the crypto payments sector, and the company aims to expand its services further in 2023.
NOWPayments doesn't require KYC/AML, and your funds are sent directly to your wallet, reducing the risk of losing coins due to bankruptcy or hacking.
In summary, NOWPayments is an excellent choice for businesses looking to accept cryptocurrency payments. Its user-friendly interface and low fees make it a popular option for many merchants, including the one we currently use.
Coinbase Commerce: A Crypto Payment Gateway for Swift Current Businesses
Coinbase Commerce provides a secure and easy-to-use payment gateway, empowering merchants to sell their products or accept donations with just a few simple steps. Boasting an incredibly straightforward interface, the platform is accessible to users of all skill levels. Users have consistently given Coinbase Commerce positive feedback, particularly regarding its user-friendliness and outstanding customer support.
One of the platform's key selling points is its robust security measures, ensuring a safe environment for both merchants and customers. The fast, transparent app offered by Coinbase Commerce has also contributed to its status as a preferred choice among many merchants. As a pay-as-you-go service, the cost of using Coinbase Commerce is determined by the volume of transactions processed.
In conclusion, Coinbase Commerce presents an excellent solution for businesses seeking to accept cryptocurrency payments. Its combination of a user-friendly interface, strong security features, and flexibility in pricing makes it an appealing option for a wide range of merchants.
Coinbase Commerce does not provide automatic conversion of cryptocurrencies without signing up with KYC/AML which is why we decided against using it.