Crypto payment
gateway solutions - Is this a good business idea?
Cryptocurrency payment gateway solutions
- there is a lot that you should know. If you are looking to gain knowledge
about how things work in a payment gateway, then this blog is for you.
I will first give you an idea of what a
payment gateway is, then we will see what a crypto-payment gateway is. Later I
will also give you a clear idea of the top crypto payment gateways in the
industry.
So, first things first. Let us keep aside
the term ’cryptocurrency payment gateway’ and decipher what payment gateways essentially
mean. These are servers or even software that help communicate between banks.
It sends and receives information on whether transactions are approved or
declined.
This
might give rise to a question about the security. You are right! When this matter
comes, every operator must abide by the rules that the Payment Card Industry
Data Security Standard (PCI-DSS or just PCI) has put.
When
an order is submitted it is completed by the HTTPS protocol. This communicates
crucial information through the parties involved. Beside these, you can enable
a lot many security measures if you are building your own payment gateway
system.
I
hope you are now clear with the payment gateway systems. Now, let us look into
the cryptocurrency payment gateway system.
How
does a cryptocurrency payment gateway work? What are the leading crypto payment
gateways? Let us see that now.
A
crypto payment gateway works just like a fiat payment gateway. however, it is
run on the blockchain platform and helps transfer cryptos between merchants.
There are many cryptocurrency payment gateways, some allow only Bitcoin
transfer while there are numerous platforms that let you send other cryptos
like Ethereum, Litecoin etc.
●
All payments
are streamlined. If you are running a company, this attribute might come handy.
Also, if the gateway accepts all payment methods, then it will be added to
people’s comfort list, subconsciously.
●
Cuts down
transactional costs drastically and increases customer-base.
●
With
user-friendly interface, and convenient operating methods, your customers are
sure to come back and use it again.
●
Lesser risk
and more safety. If you are looking to get a payment gateway developed either
for your business or as a business by itself, then that’s a great idea to
execute.
Last to say
