Must Have Features for a Cryptocurrency Payment Gateway www.paymentasia.com
Cryptocurrency is a kind of digital currency that is not issued by the government. It is decentralized and does not have any physical form. It is a set of data that is secured with cryptography. The transactions made are recorded on a public ledger called the blockchain. The transactions take place directly between the customers and there is no bank or middleman involved. Cryptocurrencies are also used to make money. Investors buy currencies like Bitcoin, Ripple, Litecoin, etc. and wait for their market value to rise. Then these are sold for a profit.
What is a Cryptocurrency payment gateway?
A crypto payment gateway is an online payment service that allows businesses to make or receive payments in the form of cryptocurrencies. The transactions can be made between different countries instantly and seamlessly. Some popular payment gateways are PayPal, Amazon pay, Authorize.net, Securepay.com, Fastcharge.com, etc.
Why is Cryptocurrency popular?
The most popular reason for using cryptocurrency is to make an investment. People buy them in the hope, that the coins will go up in value someday. Some other reasons why cryptocurrency is popular is because the transactions are private, you can track the transactions at any time, the process time is fast, you can effortlessly make international transactions and the fees are reasonable.Further, the transactions are anonymous and permanent. They cannot be reversed. All you need is a smart device, and you can make your transaction wherever you are.
Here are some features to consider when choosing a cryptocurrency payment gateway:
Security
Security is one of the most important features to look for. You need to be sure that your financial information is safe online and not vulnerable to scammers. You cannot compromise on the security of your transactions and hence it is important to make sure the crypto payment gateway you are using is secure.
Good customer service/ experience
The customer expects quick and efficient service from the payment gateway. The entirepayment transaction needs to be processed seamlessly and swiftly so that the customer is satisfied with the transaction made. Only then will the customer be confident in using the service again.
Acceptance of worldwide payments
A payment gateway should be able to support multi-currency transactions also.It should be able to accept currencies of any country and different cryptocurrencies. Payments are instant worldwide.
Fast processing speed
The speed of the transaction from customer to retailer is important. It will give the customer an effortless experience. When the transaction is slow the customer is bound to be dissatisfied and unhappy. It will also make sure that the customer does not lose out on any important deal.
Easy integration
When you have payment integration, there is no need for manual updating of records. Every transaction or online payment will automatically be reflected on the application being used. Finally, check whether your crypto payment gateway has a holistic business portal which offers records for transaction history, real-time balance checking and other added features which will benefit your business in the long run. Repute payment processing firms allow you to initiate payments to over two-hundred countries. They also offer the choice between fiat or crypto money as the default currency.
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