Dealing with the complexities of crypto accounting for payments can be frustrating. Think about receiving an invoice and deciding to pay it with cryptocurrency—sounds straightforward, right? However, issues often arise with tracking payments, ensuring they are accurately accounted for, and handling manual entries, even when using crypto payment processors.

Acctual’s crypto accounting software is a valuable tool for simplifying invoice payments through crypto.

Table of Contents

• What Is A Crypto Payment Processor?

• How Does A Crypto Payment Processor Work?

• 23 Most Reliable Crypto Payment Processors To Accept Payment

• How To Choose The Best Crypto Payment Processor

• 4 Reasons Why Businesses Need to Integrate Crypto Payment Processors

• Pay Your Bills In Crypto With Our Crypto Accounting Software Today － Book A Demo To Learn More

What Is A Crypto Payment Processor?

A crypto payment processor, a crypto payment gateway, is designed specifically for digital assets. Think of it as a bridge that allows your online or brick-and-mortar business to accept crypto payments. The process is quite similar to the more traditional payment processor gateways and acquiring bank credit cards, with one major difference: crypto processors allow you to accept digital payments and receive fiat currency in exchange. 

Expanding Payment Options

As crypto continues to gain acceptance among merchants, these companies remove any uncertainty merchants might have about crypto, allowing more payment options. Certain crypto gateways even allow merchants to receive fiat currencies on the spot, ensuring merchants don't have to hold digital assets on their balance sheets. They act as a mediator between the merchant and their customer at the point of a transaction, whether online or in a physical store with a POS device.

A crypto payment gateway is vital to the payment system's standard operation. Payment with a regular card or crypto involves a technically complex process with various verification, processing, and validation stages. The crypto payment gateway emerges as the link between all elements involved in a transaction. Every step in the transaction must pass through the system to be validated and executed.

How Does A Crypto Payment Processor Work?

Integration

Merchants integrate the crypto payment gateway into their checkout software. This integration can be done through low-code solutions like plugins, hosted payment pages, APIs, or other software tools the gateway service provides. Depending on your setup and internal resources, it can take 2 to 8 weeks.

Retailers usually require a physical device (similar to a card reader) that integrates with their POS system for in-store payments.

Customer payment

When customers pay with crypto at checkout, they can select their preferred digital asset, the market exchange rate, and the wallet address (often represented by a QR code) to send the payment.

Payment processing

The payment gateway provider processes the transaction, verifying the crypto payment details and ensuring the customer has sent the correct amount.

Confirmation

Once the transaction is confirmed on the blockchain network, the crypto payment processing provider notifies the customer and the merchant about the successful payment.

Settlement

If the retailer has chosen to receive payment in a crypto, the payment gateway provider will forward the funds to their wallet directly, minus fees. For fiat settlements, the crypto payment processor will convert the crypto and send the fiat funds to the merchant’s bank account. Some payment gateways offer instant conversion, while others provide daily or periodic settlements.

Effortless Crypto Transactions with Acctual

Acctual is crypto accounting software for businesses and freelancers transacting in digital assets. It simplifies accounts payable and receivable, making it easy to pay bills and send invoices in crypto. Our flexible options let you pay in crypto while vendors receive fiat, receive crypto while clients pay in fiat, or receive fiat while clients pay in crypto. We also integrate with your accounting system, saving you time on month-end reconciliation.

Key features:

• Multi-level approvals for bills

• Fiat-to-crypto and crypto-to-fiat payments

• Built-in AML screening

• Crypto invoice links

• Automatic payment notifications

• With our smooth AP/AR process, automated bookkeeping, built-in internal controls, and flexible payment options, you can simplify your financial operations with us.

Book a call with our team today to learn how you can pay bills and send invoices in crypto with our crypto accounting software!

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• Crypto Bookkeeping
• Fiat To Crypto
• Fasb Crypto
• Crypto To Fiat
• Accounting For Cryptocurrency
• Crypto Payroll
• Bitcoin Merchant Account
• Get Paid In Crypto
• Crypto Wallet For Business

23 Most Reliable Crypto Payment Processors To Accept Payment

1. Acctual

Acctual is crypto accounting software for businesses and freelancers transacting in digital assets. It simplifies accounts payable and receivable, making it easy to pay bills and send invoices in crypto. Our flexible options let you pay in crypto while vendors receive fiat, receive crypto while clients pay in fiat, or receive fiat while clients pay in crypto. We also integrate with your accounting system, saving you time on month-end reconciliation.

Key features:

• Multi-level approvals for bills

• Fiat-to-crypto and crypto-to-fiat payments

• Built-in AML screening

• Crypto invoice links

• Automatic payment notifications

• With our smooth AP/AR process, automated bookkeeping, built-in internal controls, and flexible payment options, you can simplify your financial operations with us.

Book a call with our team today to learn how you can pay bills and send invoices in crypto with our crypto accounting software!

2. B2BinPay

B2BinPay is a top-performing crypto processing solution for businesses and corporations. It offers fast, secure, and reliable storage, transfer, receipt, and acceptance of digital assets across a global network. B2BinPay supports:

• Over 800 tokens

• Automatic withdrawals

• Secure customer checkout

B2BinPay provides real-time balance reports and transaction history, allowing businesses to manage their crypto transactions efficiently.

3. Stripe

Stripe is a versatile international payment SaaS platform known for its fast and secure payment processing services. It simplifies international payments and allows businesses to scale quickly and efficiently. It has:

• Over 450 integrations with accounting software

• CRM platforms

• POS

• CMS systems

Stripe's anti-fraud processes align with AML regulations, providing a secure payment processing solution for financial companies worldwide.

4. Plisio

Plisio is a payment gateway that enables businesses to accept crypto payments from customers. It supports a variety of coins, including:

• Bitcoin

• Ethereum

• Litecoin and many others

Plisio offers tools such as a donation page, shopping cart plugins, and invoicing solutions, along with integration with popular e-commerce platforms like:

• Shopify

• WooCommerce

• Magento

5. DePay

DePay leverages DeFi and Web3 technologies to provide a payment infrastructure that enables blockchain-based payments. DePay automatically converts tokens, making them easier for merchants and improving cash flow with instant payments. DePay enables merchants to:

• Accept various digital assets

• Leverage DeFi to increase the number of accepted tokens

• Streamline the payment process for businesses

6. PayPal

PayPal has integrated crypto features that allow users to buy, sell, hold, and spend digital assets like Bitcoin and Ethereum directly through its platform. With the addition of PayPal USD, a stablecoin pegged to the US dollar, PayPal enhances the usability of digital assets for everyday transactions, ensuring stability and reliability. PayPal offers educational resources, robust security measures, and widespread acceptance, making it a convenient platform for crypto transactions for consumers and merchants.

7. Coinbase Commerce

Coinbase Commerce is a crypto payment processing solution offered by major crypto exchanges such as Coinbase. It allows merchants to accept crypto payments and automatically convert them to USD coins (USDC), minimizing volatility. Coinbase Commerce offers a straightforward fee structure, charging a 1% cut on all crypto transactions with no hidden fees. Merchants can accept payments in:

• Bitcoin

• Ethereum

• USDC

• USDT stablecoins 

• Other altcoins

8. BTCPay Server

BTCPay Server is a payment processing solution that exclusively supports Bitcoin. It is fully open-source and can be self-hosted, aligning with the Bitcoin community's ethos of decentralization. BTCPay Server integrates with various e-commerce platforms like Shopify, WooCommerce, and Zapier. Still, it doesn't offer settlements in fiat, which can be a drawback for businesses sensitive to BTC price fluctuations.

9. CoinsPaid

CoinsPaid is an international crypto payment company offering an ecosystem of crypto payment solutions for businesses. Its CryptoProcessing product is a crypto payment gateway supporting over 20 digital assets and 40 fiat currencies. CoinsPaid's transaction fees are around 1%, significantly lower than traditional banking fees, and its system doesn't involve chargebacks or rolling reserves, simplifying financial operations.

10. Shopify Gateway

Shopify is a trusted payment gateway used for crypto transactions. 

• Highly reliable

• User-friendly interface

• smooth integration with Coinbase and other payment gateways

• Secure transactions

Shopify allows merchants to accept crypto payments globally, offering customers a secure and convenient transaction process worldwide.

11. SpicePay

SpicePay developed a blockchain-based payment platform that enables merchants to accept crypto payments in a user-friendly and cost-effective way. It primarily caters to markets in the following areas:

• South America

• East Europe

• South Asia

SpicePay simplifies business transactions using digital assets, providing fast, secure, and affordable features for conducting business.

12. GoCoin

GoCoin is an international payment processing service that provides a payment gateway for businesses to accept Bitcoin, Litecoin, and Dogecoin as payment methods. It offers a one percent fee for transactions and provides a variety of tools and applications, including:

• Online client

• Server software

• Offline wallet applications

13. Corda

Corda is a restricted Ethereum blockchain-based crypto payment gateway used exclusively by financial institutions for crypto transactions. It utilizes JVM smart contracts and a distributed ledger to facilitate decentralization and secure transactions. Corda is designed for financial institutions seeking a blockchain-based payment platform for efficient and secure transactions.

14. Coingate

Coingate is a payment provider offering crypto payment gateways, customer support, refund policies, and a blockchain-based subscription program. It caters to individuals and businesses aiming to benefit from Bitcoin payments and expand their reach. Coingate provides tools for businesses to accept virtual currencies and payment processes.

15. Solana Pay

Solana Pay is a crypto payments processing platform based on the Solana blockchain, offering fast and low-cost transactions. It works with stablecoins to maintain predictable value and supports integrations with leading e-commerce platforms like Shopify. Solana Pay allows merchants to accept USD Coin stablecoin and incorporate customer loyalty programs, making it a versatile and efficient payment solution for businesses.

16. NOWPayments

NOWPayments is a crypto payments processor launched by ChangeNOW, offering various digital assets for merchants to accept. It provides a PoS software integration for:

• Physical locations

• Subscription payments

• Mass payouts

• Invoices

• Donation tools

NOWPayments offers competitive fees, charging 0.5% for standard transactions and 1% for multiple currency transactions.

17. Confirmo

Confirmo is an EU-regulated crypto payment gateway supporting:

• Bitcoin

• Ethereum

• Stablecoins

• Major altcoins

It provides PoS software for cost-effective Bitcoin payments via the Lightning Network and transparent fee structures for merchants. Confirmo offers a reliable and simple way for businesses to accept crypto payments without unexpected costs, making it a good choice for businesses seeking a secure and straightforward payment solution.

18. CoinsBank

CoinsBank combines a payment system supporting Bitcoin and other altcoins with a platform for exchanging cryptos. It offers a trading terminal with real-time transaction management and a debit card connected to a wallet within the system for easy crypto and fiat purchases. CoinsBank provides a comprehensive payment gateway with intuitive features for managing digital assets and conducting transactions.

19. Whalestack

Whalestack is a payment processor enabling online merchants and e-commerce shops to receive digital assets and settle payments in their preferred national currency. It supports Bitcoin, Ethereum, and other cryptos, automatically converting them to the merchant's bank account or crypto wallet. Whalestack allows merchants to denominate and settle sales in their chosen national currency, enhancing flexibility in payment processing.

20. Paystand

Paystand offers an enterprise-focused real-time payment system called Paystand Bank Network, automating payment procedures for specific industries like:

• Insurance

• Manufacturing

• Transportation

• Pharmaceuticals

It doesn't charge processing fees and operates on a subscription model, providing a fixed fee for using its software. Paystand simplifies digital money cycles for businesses in various industries, offering a streamlined and automated payment solution.

21. Blockonomics

Blockonomics is a Bitcoin payment gateway that provides complete decentralization in the e-commerce industry, ensuring anonymity and security of payments. It enables convenient purchases at partner stores worldwide, expanding e-commerce opportunities with BTC payments. Blockonomics offers a decentralized payment system that supports complete anonymity and security for businesses and consumers conducting crypto transactions.

22. AlfaCoins

AlfaCoins focuses primarily on the non-profit sector, offering a low transaction fee and enterprise-grade API for secure access to its payment services. It keeps a fixed conversion rate for 15 minutes after a transaction, allowing merchants to decide whether to keep payments in crypto or convert to fiat without value fluctuations. AlfaCoins offers flexible withdrawal options in crypto or multiple fiat currencies, making it a reliable and cost-effective payment processing solution for businesses.

23. GoURL

GoURL provides a white-label solution for secure Bitcoin payments, enabling secure transactions for digital art, music, collectibles, and other assets. It offers a payment box installation for quick site integration and doesn't require sign-ups, making it a private and efficient option for companies seeking privacy. GoURL allows:

• Split payments between multiple wallets

• Minimal fees

• Low-cost fiat-to-crypto conversions

How To Choose The Best Crypto Payment Processor

Regulatory Compliance

When choosing a crypto payment processor, regulatory compliance is important. Partner with a provider that follows legal frameworks and holds the required licenses to avoid legal issues and provide consistent service without frequent changes due to legislative requirements. Regular audits and license updates are essential to stay on the right side of the law. 

Supported Cryptos

Crypto payment processors allow you to send and receive various virtual currencies. Consider which cryptos you want to offer your clients, whether major coins like BTC and ETH, altcoins, tokens, or stablecoins. Check the transaction charges for each currency and watch out for hidden fees.

Settlement Options

Decide whether you prefer payments in cryptos or fiat money in your account. Some companies offering payment services to crypto banks help manage payouts in a wallet or a chosen currency in a bank account. Check your account's conversion fees for exchanging cryptos to USD or Euro.

Customer Service

Technical issues are inevitable, especially with updates or supporting new currencies. The provider offers comprehensive technical support to troubleshoot and reduce costs, focusing on serving your customers.

Scalability

Ensure the crypto payment gateway can handle an increasing transaction volume as your business grows without interruptions.

Payment Settlement Times

Check the time taken within the gateway to transact and settle payments, as a faster settlement cycle is advantageous for cash flow.

Related Reading

• Blockchain Billing
• How To Send Crypto
• Crypto Accounts Payable
• Crypto Treasury Management
• Crypto Auditing
• Crypto Compliance
• Crypto Payment Gateways
• Blockchain For Accounting
• Crypto Recurring Payments
• Crypto Escrow
• How To Accept Crypto Payments As A Business
• Crypto Invoicing

4 Reasons Why Businesses Need to Integrate Crypto Payment Processors

1. Expanding Customer Base

Integrating crypto payment processors allows businesses to tap into a larger customer base, attracting a global audience that prefers digital assets for transactions. By offering this payment option, businesses can expand their reach and attract new customers who value the convenience and security of using digital assets.

2. Lower Transaction Fees

One significant advantage of accepting crypto payments is their lower transaction fees than traditional banking and credit card payments. Lower fees can benefit businesses engaging in international transactions, leading to significant cost savings and increased profit.

3. Immediate Transactions

A key benefit of crypto payments is the speed at which transactions are processed, often in real-time. This immediate processing eliminates the delays typically associated with traditional bank processing times, with quick access to funds and customers with instant payment confirmation. This enhances cash flow and customer satisfaction, making the payment process more efficient and smooth.

4. Enhanced Security

Digital assets operate on blockchain technology, which is popular for its high level of security due to encryption and decentralization. Businesses can reduce the risk of fraud and chargebacks, creating a safer environment for businesses and customers. The secure nature of crypto transactions adds an extra layer of protection, which can be reassuring for all parties involved.

Related Reading

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Pay Your Bills In Crypto With Our Crypto Accounting Software Today － Book A Demo To Learn More

Acctual is crypto accounting software for businesses and freelancers transacting in digital assets. It simplifies accounts payable and receivable, making it easy to pay bills and send invoices in crypto. Our flexible options let you pay in crypto while vendors receive fiat, receive crypto while clients pay in fiat, or receive fiat while clients pay in crypto. We also integrate with your accounting system, saving you time on month-end reconciliation.

Key features:

• Multi-level approvals for bills

• Fiat-to-crypto and crypto-to-fiat payments

• Built-in AML screening

• Crypto invoice links

• Automatic payment notifications

• With our smooth AP/AR process, automated bookkeeping, built-in internal controls, and flexible payment options, you can simplify your financial operations with us.

Book a call with our team today to learn how you can pay bills and send invoices in crypto with our crypto accounting software!