The boom in cryptocurrency has opened new doors to financial transactions. Being able to integrate the crypto payment systems, many businesses in India aim to target this market and increase its set of customers. But again, selecting the right crypto payment system is a task because of the varied features and functionalities that different providers offer to serve the same purpose. In this article, you will learn about some of the top crypto payment systems in India for businesses and some of the essential features and benefits.
1. Cryptomus
What sets Cryptomus apart is its volatility protection and ease of use. Every incoming crypto payment will be automatically converted into stablecoin, thus safeguarding the business against price fluctuations. You can also withdraw crypto in your preferred fiat currency using their auto-convert withdrawal feature which is absolutely free.
Being business-oriented, support does not remain behind, and Cryptomus has an exhaustive support team that can be reached via Telegram, email, website, and even personal managers for merchants.
Their platform allows businesses to have complete granular control over transactions. Businesses could adjust payment accuracy, identify over or underpayments, and send additional invoices for outstanding balances. In one stride, Cryptomus helps businesses make mass payouts in thousands of addresses with auto-conversion if any, şirket with too many payouts. Flexible commission structures can also assist companies by setting additional commissions or discounts for certain coins.
Setting up is pretty quick and straightforward; Cryptomus provides ready-made plugins and applications that can be integrated into any e-commerce platform.
2. BitPay
One of the veterans in the crypto payment gateway space, BitPay is one of the trusted names in the industry for reliability and security. The company has more than $5 billion worth of payments in Bitcoin and Bitcoin Cash since 2011, accumulated from over 10 million transactions. BitPay offers far more than just the ability to pay for different business needs, from billing and payroll to all kinds of payouts and crypto wallets.
Also, transaction fees decrease as the volume done in a month rises; this means that there is a tiered fee structure. Next-gen security and multi-currency settlement options combine with easy integration to top e-commerce integrations to get you up and running, with no wonder why BitPay is a preferred choice for merchants worldwide.
3. B2BinPay
B2BinPay is an attractive solution for businesses searching for an all-in-one crypto processing solution. This platform secures storage, transfers, receipt, and acceptance of over 800 digital currencies worldwide. B2BinPay enables cross-border transactions at far lower costs than traditional gateways, without any hidden or recurring fees.
It enables the availability of real-time balance reports and transaction history to users for financial management-related insights. Also, B2BinPay provides enhanced functionality through automatic withdrawals and safe customer checkout, robustly making it a top enterprise payment solution.
4. Stripe
While not strictly a crypto-focused platform, Stripe offers businesses the powerful integration of Bitcoin. The multifunctional international payment processor touts robust anti-fraud processing and AML compliance.
Outside of crypto, Stripe shines as an e-commerce solution. It provides over 450 integrations with accounting software, CRM platforms, POS systems, and CMS platforms. This extensive network of integrations simplifies international payments and allows businesses to scale easily.
5. GoCoin
GoCoin makes it easy for any business to start by taking payments in Bitcoin, Litecoin, or Dogecoin. To this effect, the company has an internationalized payment processing service complete with a customer API, which, business or retail store/online merchant, effortlessly fits into an ordinary structure. The competitive commission charged by GoCoin is 1% of every transaction made. This open-source solution is written in the Go language and, as such would yield to tailoring and self-hosting for businesses with such high-tech expertise.
Choosing the Right Crypto Payment System
The best crypto payment system for any business is based on unique needs or priorities. Some things to consider are:
- Accepted Cryptocurrencies: Know the ones most targeted by your audience.
- Transaction Fees: Compare fee structures and volume discounts different service providers offer.
- Security Features: Go for a robust system with provisions for security to safeguard your business and your customers.
- Customer Support: The provider has enough support channels to help resolve any issue quickly.
- Integration Ease: This will evaluate how easy it could be to integrate the crypto payment system with your infrastructure.
Considering the factors mentioned above and all of Vera’s options, businesses in India can select a crypto payment system that empowers them to tap the growing cryptocurrency market and thus expand their customer reach.