There are quite a few, but let’s focus on some of the most affordable ones that are hugely popular among small businesses, forex traders, brokers and merchants around the globe, especially in the US, Canada and Euro region. These dynamically built payment gateways offer low processing & transaction fees for small forex brokers that cannot afford a hefty processing charge due to the significantly lesser amount of transactions made.
One best example is UniPayment, followed by IOTA, SpicePay, ALFAcoins, PayPal, Shopify and Coinbase Commerce, to name a few. These low-cost cryptocurrency payment gateways offer a bouquet of benefits, apart from being highly cost-effective for traders who accept and make payments through digital currencies like Bitcoin, Litecoin and Ethereum Pay. Let’s check out the key features of these crypto payment gateways and solutions.
- 24/7/365 FREE customer support
- Lower transaction/processing fee, starting as low at 0.23%
- Higher crypto API access rate limits
- Unlimited digital wallets and addresses
- Easy access to newly launched features
In fact, a prominent cryptocurrency payment processor like UniPayment offers merchants open-source plugins like WordPress, PHP, Magento, Laravel, Prestashop, Opencart and Node.js for availing seamless payment gateway solutions and services, without having to leave the website. Merchants can also pay their gas station bills through these payment gateways, without worrying about personal information leak, as it offers defense grade security features. Apart from this platform, some of the globally popular ones are mentioned below.
- SpicePay – It is a highly user-friendly blockchain payment platform that is literally very affordable for accepting Bitcoin, Litecoin and other digital currencies from customers and merchants across the globe. One great feature is that it allows traders to withdraw digital payments via PayPal and debit cards. Notably, withdrawals can be made in all major fiat currencies like USD, GBP, EUR & CAD, with a very nominal processing fee of only 1% of the actual amount.
- Binance – This payment gateway offers one of the cheapest cryptocurrency fees among all exchange platforms. There’s NO deposit fee, and withdrawal fees are pegged at 3.5%. Here, merchants are able to create an online crypto wallet, thereby trading on different cryptocurrencies and NFTs. It’s a perfect trading platform for beginners and professional crypto traders that look for a user-friendly crypto payment processor or system.
- AlfaCoin – This digital payment gateway or payment processor readily accepts major cryptocurrencies like Ethereum, Bitcoin, Litecoin, Ripple, and various others. A merchant can subscribe to this platform absolutely FREE, and the transaction charges are 0.99%, which is quite cheap. What’s more, AlfaCoin allows merchants to withdraw in fiat currencies like USD & Euro. This is highly beneficial for traders, making it a popular cryptocurrency transaction platform.
- NOWPayments – This highly versatile gateway accepts more than 75 cryptocurrencies, along with an option of auto coin conversion. With this crypto trading gateway, merchants can gain access to a variety of plugins for WooCommerce and ZenCart, apart from tools like widgets, buttons, invoices and APIs. Here, the base transaction fee is 0.5%.
- Crypto.com – Here, a merchant can avail the benefit of Zero transaction fee, and can trade on cryptocurrencies like Bitcoin, Ethereum and Cardano. It also supports over 250 digital currencies, and offers traders a powerful in-built dashboard for effectively managing invoices and making quicker crypto payments. This is a highly secure platform, with the lowest-in-class processing fee per transaction. If you want to know who accepts Dogecoin, Bitcoin & Ethereum Pay, this is the one.
- Coinbase Commerce – It is one of the most popular and versatile crypto payment gateways for online merchants and FOREX brokers, as it supports different cryptocurrencies for payments, with Bitcoin accepted here, along with Ethereum, Litecoin and Dogecoin. One major drawback is that it is available in only a few countries. But, a big advantage about this particular gateway is that forex brokers and merchants are able to convert crypto into fiat currencies with relative ease, thus reducing their losses due to rate change and price volatility.
- DePay – Well, this is probably the best-in-class digital currency payment gateway or processor, without any SignUp. It is able to somewhat forerun Web3 payments through Decentralized Finance (DeFi). Thus, enabling seamless integration and support of blockchain-based payment gateways, across the board. Through this, a merchant can always think of quick, secure, affordable and effortless payments directly into their digital wallets, anywhere and anytime. No chargebacks & No fraud.
- SpectroCoin – It is undoubtedly a premier cryptocurrency payment gateway, as it offers features like a FREE wallet and lightning quick cash exchange. This platform is widely used in France, Australia and Italy. And, it is highly compatible with an array of eCommerce systems, such as WooCommerce, Magento, OpenCart and PrestaShop. It has a transaction fee of only 1%, and is easily able to convert crypto into fiat money like EUR, GBP & USD, which is quite beneficial for regular forex traders and brokers.
- Blockonomics – This is one of the most advanced Bitcoin payment processors, again with a procession fee of just 1% flat, thus making it an affordable and viable option for accepting payments. Its highly secure payment method does NOT require any kind of third-party authentication or ‘add-on’ API connectivity. This platform is hugely popular among traders, forex brokers, merchants and small businesses in the US, UK, Canada, France and Germany. It also supports a wide variety of cryptocurrencies, and comes with an in-built payment system, wherein customers are able to make payments with Bitcoin by scanning a QR code on the merchant’s website.
- Plisio – This is yet another crypto payment gateway, which is easy to set up, manage and highly compatible with popular eCommerce platforms such as OpenCart, VirtueMart & WooCommerce. It has the lowest-in-class transaction fee of 0.5%.
End Note
Merchants and forex brokers can make the most optimum use of these low-cost platforms, crypto payment processors and payment gateways in order to avail the cheapest rates, thus increasing their profit margins. After all, when you’re able to receive payments and wires from clients with minimum deductions in the form of processing fee, it becomes worth trading through these secure gateway options.
