According to Brandessence Market Research, global crypto payment gateway Market is expected to grow with the CAGR of 22.8% over the forecast period. With the rapid development of cryptocurrency, a great number of businesses accept cryptocurrencies, including Dell, Microsoft and Paypal. Indeed, despite big companies, more and more SMES are considering the adoption of cryptocurrency to prepare for the future by adopting new technologies in order to be ready when these technologies go mainstream. In this article we will try to cover how cryptocurrency payment gateway benefits your business and how you can get started with it.
What is a crypto payment gateway?
Crypto payment gateways allow businesses to accept cryptocurrencies from customers in exchange for goods or services. When a customer makes a purchase using cryptocurrency, the transaction goes through the payment gateway at a fixed exchange rate and converts cryptocurrency into recognized fiat currency, with zero volatility risk. And normally a small portion of transaction fee will be charged by the crypto payment provider. Businesses can also choose to accept payments in cryptocurrency.
Why is a crypto payment gateway necessary for your business?
Cryptocurrency payment gateways offer lower fees than credit card payment services. With over 200 million of crypto owners worldwide, crypto payment services enabled borderless transactions, enabling customers from all over the world to purchase your company’s services or products. Learn more about the benefits of accepting cryptocurrency here.
Advantages
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A crypto payment gateway helps you to get rid of the anonymity of who you're dealing with while maintaining your customer's preference for it.
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With good service, you have someone to contact if there are payment issues.
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You can accept payments from all around the world, in any cryptocurrency your crypto payment provider will take.
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You receive the funds in the account with your provider, who transfers them to you.
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You don't have to bother with spending time on understanding different types of cryptocurrencies.
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A crypto payment gateway helps to reduce the risk of losing value waiting for a transaction to be verified by the cryptocurrency's network, which can be paid on the market rate for the tokens at the time the transaction.
With the help of Cryptocurrency payment gateway , you're no longer troubled by much of the anxiety, confusion, disinformation, and speculation that can come from a decentralized and unregulated source of value. Among the increasing crypto payment gateway providers, MixPay stands out to provide great services with variety solutions and zero commission fees.
What makes MixPay stand out?
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Use multiple cryptocurrencies. MixPay allows you to make payments with multiple cryptocurrencies. Our flexible payment solution lets you decide which cryptocurrency to pay or receive with.
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Faster, easier payments. Making a crypto payment is now as easy as scanning a QR code. MixPay is based on the Mixin Network, a real-time payment experience, and without any administrative fees.
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Work with any on-chain wallets. MixPay supports any on-chain wallets so you are free to choose. Here are some of the leading wallets and exchanges Mixpay supports. We think they are awesome and believe you can work with it.
Which Offline Merchants Accept Cryptocurrency with MixPay?
In "crypto capital"-Dubai, a great number of offline stores have adopted cryptocurrency as payments. Such as:
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Bake N More, the first cafe in Dubai accepts cryptocurrency payments with MixPay;
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The car repair store AutoBNB accepts cryptocurrency payments with MixPay;
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Dubai Oriental Gastronome, the first Chinese restaurant accepts cryptocurrency payments with MixPay;
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The SUNWAY RESTAURANT accepts cryptocurrency payments with MixPay.
How to receive cryptocurrency payments with MixPay for your business?
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Merchant tools：MixPay offers a variety of ways to accept crypto payments from your customers. Get started setting up your MixPay account and accept multiple cryptocurrencies in your store with MixPay. Follow step-by-step guide.
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API integration guide：MixPay helps developers to implement various solutions.
To help you out, we have created a simple and free step-by-step guide to help getting your business all set up to start accepting cryptocurrency payments using the MixPay payment platform, which lets you receive any cryptocurrencies as payment at your store.
More Resources
About MixPay
MixPay Protocol is a decentralized web3 payment protocol, which connects different chains, different tokens, different wallets, and exchanges, whether it is an on-chain wallet (MetaMask, Trust Wallet) or a centralized wallet (Blockchain.com, BlockFi), or exchanges (Binance, Coinbase). As long as they access the MixPay Protocol, they can provide their users with safe, simple, and free payment services anywhere in the world marked by MixPay, without merchants needing to care about what wallet or token the customer uses to pay, just like what Visa and Mastercard do in the traditional payment field.