Cryptocurrencies are capable of transforming the financial landscape. They offer businesses a decentralized and borderless way to transact. However, this method didn’t get the deserved recognition until a crypto payment processor named CoinRemitter arrived and started putting effort into democratizing this payment method. In this article, we will learn how this payment gateway for cryptocurrency is democratizing crypto payments with innovative features.
Crypto Payments Directly on Business Websites
1. Multiple Ways to Integrate Cryptocurrency Payments
Business owners can easily accept payment in crypto on their websites using any of the suitable integration methods. First, there are open-source plugins for websites based on WordPress (WooCommerce), PrestaShop, Magento, OpenCart, Laravel, PHP, and Node.js. Platforms that cannot integrate any of these plugins can accept crypto payments using the crypto API. Online businesses with multiple pricing plans can accept payments using the Pricing Widget. Such multiple integration methods ensure that almost all online businesses can benefit from crypto payments.
2. Easy Integration Method
Apart from the crypto API, no technical skills are required to integrate crypto payments with the other two methods. Plugins require a simple installation process. Business owners can download a compatible plugin and follow the installation guide to accept cryptocurrency payments directly on their websites.
On the other hand, business owners can create a pricing widget by setting design and content preferences, linking a wallet, and selecting a preferred currency to display plan prices. The system will automatically generate a JavaScript code, which can be added to the website’s source code to accept crypto payments for pricing plans.
Here, the crypto API requires basic programming skills to integrate crypto payments into a business website. However, most API features are accessible through the API docs. Business owners can get the API key and password from the wallet credentials to use the API features. This easy usage ensures a wide reach of cryptocurrency as a payment method, regardless of technical expertise.
Affordable Crypto Payment Processing
1. Transparent Fee Structure
Everyone can review CoinRemitter’s fee structure in the crypto fee chart. Also, there is a crypto fee calculator to assist business owners with the net amount after all deductions. With the help of transparent pricing and fee estimates, business owners can have an idea of fee deductions so they can strategically set product prices to maximize profits. This type of approach attracts many businesses to use this crypto payment processor while building trust and maintaining transparency.
2. Lowest Processing Fee
The average processing fee on a payment gateway for cryptocurrency stays between 0.5% to 1%. On this crypto gateway, it is only 0.23%, which is over 50% less than the average. Business owners appreciate how they can have more profits by paying fewer fees. The possibility of a higher profitable amount makes this crypto gateway a promising choice across global businesses.
3. Transaction Fee Reduction
Business owners with CoinRemitter’s premium membership can enable the gas station feature to reduce transaction fees. However, this feature is available for a limited cryptocurrencies only. By enabling the gas station, business owners can save up to 50% more on crypto transaction fees. This attracts online businesses to accept cryptocurrency payments regularly, democratizing crypto payments to be used on a daily basis.
Security & Privacy
1. Account Security
Crypto transactions are any day more secure and tamper-proof than traditional transactions. However, many business owners may be worried about any unauthorized access to their accounts, which can also cause fund loss. So, business owners can easily detect unauthorized activities or login attempts using Login History, Login Notification, and Active Login features. Businesses can also prevent unauthorized access using 2FA, Code Card, and Login Shield features. This helps business owners have complete control over their accounts, builds trust with them, and makes them enter the crypto payment space with confidence.
2. Fund Security
Though there is no vulnerability in this crypto payment gateway, one may fear that someone will steal all the funds. Considering current offerings, anyone’s funds may get stolen through API withdrawals if their wallet credentials get exposed. If any business owner suspects this, he/she can disable API withdrawals and set the daily withdrawal limit as low as possible to prevent fund loss. This helps business owners know that they have minimal chances of losing funds, allowing them to collect payments without fearing any theft.
3. Crypto Payment Gateway Without KYC
Some business owners may not be comfortable with sharing their identity proofs online, fearing a risk to their privacy. This payment gateway for cryptocurrency doesn’t require any identity proof submission while registering. This allows business owners to accept payment in crypto without revealing their identities and worrying about privacy.
Conclusion
CoinRemitter is redefining how businesses accept payment in crypto by making the process more accessible, affordable, and secure. With easy integration, low fees, and privacy-first features, it removes traditional barriers, allowing businesses of all sizes to enter the crypto payment space. By eliminating technical complexities and reducing transaction costs, this crypto gateway is truly democratizing crypto payments and empowering merchants worldwide to accept crypto payments for their businesses.
