How to Build Your Own Crypto Payment Gateway Like BitPay? (2024)

Among all the blockchain and cryptocurrency-related topics, cryptocurrency payment gateway is widely regarded as an interesting one. And you cannot just move to this business concept as it affects surely who deals with crypto for their business or other regular purposes.

If you are running any online and offline business or want to accept cryptocurrency or digital asset as payment for your service or products then you will need to know about crypto payment gateway which makes it possible for your online or offline business to start accepting cryptocurrency like Bitcoin.

Here, I will be going to explain what is a cryptocurrency payment gateway, How it’s working on your platforms and so on…

Cryptocurrency Payment Gateway is an online payment processing technology that helps start-ups and businesses to accept multiple crypto coins, credit cards and electronic checks. In other words, payment gateways are “Man-in-the-middle” which are located between e-commerce platforms and clients.

What is Cryptocurrency Payment Gateway?

Cryptocurrency payment gateways are advanced payment networks that allow easy transfer of Bitcoins or other altcoins and enables business owners and end-users to do transactions in bitcoins and other crypto coins. Payment gateway which accepts Bitcoin as a payment also known as Bitcoin payment gateway. These payment gateways accept different cryptocurrencies which include Ethereum, Altcoins, Litecoin, Ripple, Bitcoin Cash, etc.

It is an eCommerce service that processes online crypto payments online as well as offline businesses. Crypto Payment gateways platforms help to accept various crypto payments by transferring key information from their merchant websites to issuing banks, card associations and online wallet players.

Crypto Payment gateways play a vital role in the digital asset transaction process, which is the realization of value, and hence are seen as an important pillar of e-commerce and other platforms.

  • A cryptocurrency payment gateway allows you to make and take crypto or fiat payments quickly and easily.
  • Keep your customer’s data (information) and digital assets secure.
  • Gain trust of your customers, so they are willing to hand over their cryptos and fiat currency.

Why should the Vendor accept Bitcoins or other Altcoins?

Some of the benefits are listed below why merchants, brokers, dealers, retailers, sellers, traders and wholesalers should start accepting cryptocurrencies like Bitcoin as a payment for their product or services!

Crypto payment gateway is highly secure and customers have entire control over their regular transactions.

  • A new avant-garde payment option for worldwide customers who prefer bitcoins & other altcoins.
  • A tactful payment process with the full privacy of your regular transactions.
  • All payments are stored securely in the Immutable blockchain ledger.
  • No fraud activities and do not share secret information with the sellers and other third parties.
  • Compare to other payment modes like credit and debit cards, crypto payment gateway transaction fees are very low.
  • No third-party Activities.
  • No payment delays compared to current credit cards and it’s secured by an authentic digital signature.
  • Cross-border payment in real-time without delay.

How To Choose The Right Crypto Payment Gateway Platform?

You should finalize that crypto payment gateway platform which is supported in your country, not all they operate globally.

You should check what crypto payment gateways are supported better from your e-commerce and other platforms. For example, BitPay gateway is fully supported globally and accept payments from anyone in the world and get settled within 48 hours.

BitPay – Accept Cryptocurrency Payments From All Over the World!

BitPay’s explanation is not just a digital wallet. It covers an entire platform for transferring Bitcoin in any other fiat currencies. The company was founded in 2011 in Atlanta, Georgia. At the moment platform has a top position in processing all payments with Bitcoin and client base over 20000 businesses in 164 countries.

The system converts all currencies to Bitcoin or other cryptocurrencies and vice versa so that anyone can pay and receive money around the world. It is a very simple way to avoid working with fiat money in case they don’t want to. undoubtedly, fees are included but their number depends on the chosen plan. Overall there are four tariff plans and their costs vary from 0 to 3000 dollars.

Do you own an online or offline business? Have you started accepting Bitcoins or other cryptocurrencies? or If you are on the lookout for the best payment gateway development and integration services, you have reached the right place. Our crypto payment gateway web development services ensure optimum safety as crypto payment dealings are processed.

Developcoins – Crypto Payment Gateway Development Company

A leadingcryptocurrency payment development company, Developcoins provides end-to-end cryptocurrency payment gateway development services which are efficient and secured.

We will assure the safety of the crypto transactions which your customers engage in. Our experts are updated and informed about the well-known crypto payment gateways and are equipped with strong expertise and knowledge. To complete your sale online it is necessary that you have an effective and efficient crypto payment gateway. Our team of professionals at Developcoins will help you in making the crypto payment gateway integration simpler. The flawless crypto payment gateway web development solutions we offer will best suit your all e-commerce and other business requirements.

Developcoins builds, easy mode of payment systems to enable customers to avail of the facility offered by the businesses. A tailor-made crypto payment system is made to enable clients to choose the products and services efficiently. This service is specifically designed for E-Commerce platforms who start accepting Bitcoin and other altcoins.

With the help of a Crypto payment gateway system performing an online transaction is made easier and effective. Secured, reliable, and quick payment gateway solution is provided for users and business benefits. Businesses can reach this success through the easy mode of payment.

The professionals at Developcoins builds custom crypto payment gateway solutions to help visitors enjoy the convenience of shopping through Bitcoins and other cryptocurrencies etc.

Here are some extensive features of Crypto Payment Gateway Solutions-

  • The portal supports the processing of crypto payments from the website
  • Supports in real-time crypto payment processing
  • Crypto Payment gateway solution is easily compatible with all platform
  • We offer robust and customized crypto payment development solutions
  • The reasonable price structure for crypto payment website or app development
  • Acceptance of almost all the crypto coins like Bitcoin, Ethereum and more
  • No hassle for fiat or digital currency conversion
  • Assurance for quality websites and apps with a blockchain solution
  • A group of users can use the portal simultaneously without downtime
  • Completely integrated application software that runs through transactions/protocols/databases.
  • Can activate or deactivate the account easily without risk
  • Complete technical support is provided by the professionals’ team of experts

Do you want to launch your own crypto payment gateways platforms like BitPay which accepts BTC, ETH, XRP Litecoin and few other major cryptocurrencies?

BitPay Clone Script Development Company – Developcoins

Bitpay Clone Script is a ready-made and white-label clone script of the popular cryptocurrency payment gateway platform like BitPay. This clone script reflects all the advanced features of Bitpay with added customization and upgraded payment processor functionalists.

This clone script is fully tested and developed by experienced developers. Using this robust and ready-made BitPay clone script, you can create your own crypto payment gateway platforms instantly and it brings major changes in your crypto payment gateway platform and ensures that your business is risk-free.

At Developcoins, We offer a premium BitPay clone script with upgraded features. Along with our premium Bitpay clone script, we deliver advanced cryptocurrency payment gateway website and application development services with advanced features that are similar to the BitPay platform. We assure this would be a great key step for payment gateway startups to grab their potential users from all platforms around the world.

BitPay Clone Script Features:

  • Two Factor Authentication
  • Quick Transaction
  • Secure Payment
  • Seamless Conversion
  • Multi-language support
  • Transaction History
  • Global access
  • Multiple Wallets and more

Individual and business People who are looking to launch a secure crypto payment gateway platform like BitPay can get our BitPay clone script, tailor-made for your desktops and mobile.

7 Responses

  1. Hey There, thanks for the information, Yes crypto is now widely used by people, as a web developer i also accept payments in bitcoin sometime, some of my clients choose to pay with btc if they dont find other suitable method. Thanks for your informative article though.

    Reply

  2. Nice article, thanks for sharing knowledge about crypto gateway.

    Reply

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How to Build Your Own Crypto Payment Gateway Like BitPay? (2024)

FAQs

Can we build a payment system based on cryptocurrency? ›

An easy way to support crypto payment transactions on your website or app is to use a crypto payment gateway. There are several well-known crypto payment gateways that provide high security. They also provide extensive documentation. You can read them to find out how to access your crypto exchange account.

Who owns BitPay wallet? ›

BitPay is a bitcoin payment service provider headquartered in Atlanta, Georgia, United States. It was founded in May 2011 by Tony Gallippi and Stephen Pair. BitPay provides Bitcoin and Bitcoin Cash payment processing services for merchants.

Does BitPay use simplex? ›

One way to purchase cryptocurrency in your BitPay App is through the Simplex integration. Simplex lets you buy cryptocurrencies and pay by credit card, with no account required. Our app offers a simple experience which consists of two major steps: Set the order on the BitPay App.

How do you implement a crypto payment? ›

5 Ways to Accept Bitcoin and Cryptocurrency on Your Website
  1. BitPay. BitPay is one of the best options for websites that are looking to accept crypto payments. ...
  2. Coinbase Commerce. Coinbase makes it quick and easy for websites to start accepting Bitcoin payments. ...
  3. NOWPayments. ...
  4. PayPal. ...
  5. Accept Bitcoin and Cryptocurrency Manually.

How does a crypto payment gateway work? ›

Crypto payment gateways are powered by blockchain technology. They replace the credit card with a digital wallet that requires merchants to open a merchant account to accept payment in cryptocurrencies.

Is there an API for Coinbase? ›

Coinbase API is a method for us to trade cryptocurrencies on Coinbase automatically via code.

How do I become a Bitcoin merchant? ›

Start Your Crypto Exchange
  1. Obtain legal counsel to ensure licensing requirements are met. ...
  2. Attain funding for venture. ...
  3. Find a technology solution provider. ...
  4. Connect your exchange with others for added liquidity. ...
  5. Partner with a payment processor. ...
  6. Implement best security practices. ...
  7. Go live via beta testing.

What is the Shopify of cryptocurrency? ›

As of 2020, Shopify started accepting crypto payments as a payment method. This means that as a Shopify seller, you can accept crypto payments from your customers by enabling one or more crypto payment platforms, such as Coinbase Commerce, Crypto.com, Strike, BitPay, DePay, and OpenNode.

Does BitPay report to IRS? ›

BitPay complies with the requirements of Section 6050W of the Internal Revenue Code. This Section requires payment processors to provide information to the IRS through Form 1099-K reporting.

What bank does BitPay use? ›

The BitPay Prepaid Mastercard is issued in the United States by Metropolitan Commercial Bank.

Is BitPay traceable? ›

To protect your privacy, the BitPay App generates new addresses for your wallet automatically after you use a bitcoin (or bitcoin cash) address one time. All bitcoin and bitcoin cash transactions are public, traceable, and permanently stored in the blockchain.

How does BitPay earn? ›

BitPay makes money by charging merchants a one percent transaction fee. It also charges personal users a network cost fee and a miner fee. The miner fee covers the work of bitcoin miners who verify and add transactions to the blockchain network.

Does Simplex charge a fee? ›

In general, Simplex's fees range between 3.5% - 5% of the transaction value when buying through our partners platforms. We do apply a minimum fee of 10 USD, which means that if your transaction is for a lower amount, the fee % will be higher than that.

Does Simplex require KYC? ›

Simplex has their own KYC (Know Your Customer) and legal requirements to meet. To learn more about their verification process, how they store your information, and other verification-related questions, please visit this page.

How do small businesses accept crypto payments? ›

Coinbase Commerce allows you to accept crypto payments from multiple wallets. Overstock uses BitPay to accept Bitcoin as a payment method on its online checkout. You can also add checkout buttons directly to your product pages. Coinbase Commerce allows you to accept crypto payments from multiple wallets.

How do I integrate crypto wallet into my website? ›

Here's how to go about the setup process with CoinPayments:
  1. Step 1: Set Up Your Merchant Digital Wallet. First things first, you'll need to set up a merchant digital wallet. ...
  2. Step 2: Integrate Cryptocurrency into Your Points Of Sale (POS) ...
  3. Step 3: Make Transactions Accounting-Friendly.
12 Feb 2018

How do I create a cryptocurrency payment system in node JS? ›

Implementing a crypto payment gateway using NodeJS
  1. Step 1: Create a Coinbase Commerce account. ...
  2. Step 2: Initialize back-end. ...
  3. Step 3: Installing the necessary packages. ...
  4. Step 4: Set up environment variables. ...
  5. Step 5: Requiring the dependencies. ...
  6. Step 6: Create charge route. ...
  7. Step 7: Check the status of the payment.
27 Dec 2021

Is MoonPay a payment gateway? ›

AAX users can now purchase crypto directly on the exchange via MoonPay. We're delighted to announce that MoonPay is live on AAX, the all-in-one exchange for investing and trading crypto. AAX users can now use MoonPay to top up on crypto without leaving the platform.

What is a crypto payment processor? ›

A cryptocurrency payment gateway is a payment processor for digital currencies, similar to the payment processors, gateways, and acquiring bank credit cards use. Cryptocurrency gateways enable you to accept digital payments and recieve fiat currency immediately in exchange.

Is MoonPay a payment processor? ›

MoonPay is a financial technology company that builds payments infrastructure for crypto.

How much does Coinbase API cost? ›

The current price is $0.0006 per APIS.

Is Coinbase API free? ›

A Free subscription plan to Coinbase Node gives you access to Advanced APIs and NFT APIs to help you access data from the blockchain that you can store in your apps and services.

What programming language does Coinbase use? ›

Python is one of the most frequently used programming languages for data scientists, machine learning practitioners, and blockchain researchers at Coinbase.

What crypto business can I start? ›

You can offer crypto financial planning services, crypto investment advice, and financial analysis services to clients. Like many other fiat financial advisors, you can also offer cryptocurrency coaching services, providing insights to people who want to learn more about crypto investments.

How much does it cost to build a crypto exchange? ›

Generally, the development cost of a cryptocurrency exchange platform can range from $50,000 to $ 98,000 for a basic exchange with common features. However, if you want to develop a website and an application, the cost can range between $1,32,000 to $1,45,000.

How do I start a crypto consulting business? ›

Here are the steps to help you become a cryptocurrency consultant,
  1. Bachelor's degree to get cryptocurrency training. ...
  2. Master's degree in Bitcoin consulting. ...
  3. Internship under cryptocurrency experts. ...
  4. Gain experience in cryptocurrency consulting. ...
  5. Getting certified by crypto consulting group.
21 Aug 2021

Does Shopify accept shiba inu? ›

Accept the following coins on Shopify: Bitcoin (BTC), Bitcoin on the Lightning Network, Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), XRP (XRP), Dai (DAI), Wrapped bitcoin (WBTC), Gemini USD (GUSD), USD Coin (USDC), Binance USD (BUSD), ApeCoin (APE) and Euro Coin (EUROC).

What is crypto Gateway? ›

A crypto payment gateway is a flexible platform for payment processing that enables vendors and merchants to accept payments in various cryptocurrencies without security risks. It makes it easier for consumers to transfer money directly from one cryptocurrency wallet to another.

How do I link Shopify to BitPay? ›

How Bitly + Shopify Integrations Work
  1. Step 1: Authenticate Bitly and Shopify.
  2. Step 2: Pick one of the apps as a trigger, which will kick off your automation.
  3. Step 3: Choose a resulting action from the other app.
  4. Step 4: Select the data you want to send from one app to the other.
  5. That's it!
12 May 2020

Can the IRS see my crypto wallet? ›

Yes, the IRS can track crypto as the agency has ordered crypto exchanges and trading platforms to report tax forms such as 1099-B and 1099-K to them. Also, in recent years, several exchanges have received several subpoenas directing them to reveal some of the user accounts.

How can I sell crypto without paying taxes? ›

Here's how.
  1. Hold on. The easiest way to avoid paying crypto taxes? ...
  2. Take advantage of tax-free thresholds. ...
  3. Offset gains with losses. ...
  4. Invest crypto into an IRA, pension or annuities fund. ...
  5. Use the annual gift tax exclusion. ...
  6. Change your tax rate. ...
  7. Donate to charity. ...
  8. Offload crypto assets to your spouse.
18 Aug 2022

How do you avoid taxes on crypto? ›

How to Minimize Crypto Taxes
  1. Hold Until Your Short-Term Gains Turn Into Long-Term Gains. ...
  2. Offset Capital Gains with Capital Losses. ...
  3. Sell In a Low-Income Year. ...
  4. Reduce Your Taxable Income. ...
  5. Invest in Crypto in a Self-Directed Individual Retirement Account. ...
  6. Gift the Assets to a Family Member.

Can you withdraw crypto from BitPay? ›

To withdraw funds to a bank account you will typically go to the wallet (on the exchange) that has the funds, sell the funds/convert them into fiat money, and will have a Withdraw option that will let you withdraw the funds to a bank account.

Does BitPay have a limit? ›

BitPay does not limit the amount of Bitcoin you can buy through our app. However, our partners Simplex and Wyre may impose daily transaction limits that vary by purchasing currency. Start with little as $50 and buy up to $150,000 per day.

How much does BitPay cost? ›

BitPay's payment processing service for merchants has a simple pricing plan - just a 1% processing fee. This 1% fee is assessed on each paid invoice.

How do I make my crypto untraceable? ›

The key step in making bitcoin more anonymous is to mix your coins. Often called coin tumbling or laundering, this involves mixing coins from multiple parties. By doing so, you can break the connection between the sender and receiver of the coins, and therefore make transactions practically impossible to trace.

What countries can use BitPay? ›

Your contractual relationship is with BitPay B.V., if you reside in any of the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, ...

Can the government track crypto? ›

Since the exchange has individuals' personal data and transaction data, so may the government. By using information obtained from centralized exchanges, the IRS can identify unknown Bitcoin wallets using KYC checks and corresponding personal information.

Why are BitPay fees so high? ›

The main reason for high bitcoin miner fees is supply and demand. The bitcoin block size is 1MB, which means that miners can only confirm 1MB worth of transactions for each block (one every ten minutes).

Is BitPay like Coinbase? ›

BitPay and Coinbase can be primarily classified as "Bitcoin Services" tools. Some of the features offered by BitPay are: Direct Bank Deposit. Cryptographically Secure API.

How does BitPay work for business? ›

Bitpay works by allowing customers to pay with Bitcoin during their checkout process. They then pay the invoice to Bitpay at a locked-in exchange rate.

Why does Simplex need my ID? ›

To ensure risk-free transactions, we ask you to send your valid government issued document to verify your identity.

What cards work with Simplex? ›

Simplex accepts most major credit cards, including VISA and MasterCard. Some virtual, prepaid, and debit cards are also accepted. Note, however, that some issuer banks have their own terms regarding where and when those cards can be used and may decline the charge on their side.

Does Simplex work in USA? ›

Please also note that the website/application/exchange that you are accessing Simplex's service from might not support your location based on its own business considerations. If you are from the United States, the following states are not supported at all: Hawaii (HI), New York (NY).

What countries does Simplex support? ›

Afghanistan, Albania, American Samoa, Antarctica, Barbados, Belarus, Botswana, Bouvet Island, Burkina Faso, Cambodia, Cayman Islands, Crimea, Cuba, Democratic Republic of the Congo, Donbas, DPR Korea (North Korea), Equatorial Guinea, Eritrea, French Polynesia, French Southern and Antarctic Lands, Gaza Strip, Guam, ...

Is Simplex legit? ›

Simplex is an authorized financial organization that enables its massive network of partners to use the most extensive range of payment methods, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, and many more!

Does MoonPay have KYC? ›

As MoonPay is a fully regulated business, they need to collect this information from you in order to comply with international financial regulations, including anti-money laundering (AML) and Know Your Customer (KYC) practices.

What POS system accepts cryptocurrency? ›

Cyclebit сrypto POS - accept crypto in your store.

What company processes crypto transactions? ›

Coinbase Commerce

It provides cryptocurrency trading services, and, of course, such a site also needs its own cryptocurrency payment project. This service accepts many cryptocurrencies and allows you to convert them to fiat and vice versa quickly.

How do I get my money from crypto? ›

In order to receive crypto, you must:
  1. Open your wallet and select Receive.
  2. Share your public key or address. This can be a QR code or a string of numbers and letters. You can send your QR code as a picture or allow someone to scan it in person.

How do I pay Solana? ›

Here's how it works: The customer scans a merchant QR code, which their wallet app interprets as a Solana Pay transaction request URL. The wallet makes an HTTP request to the merchant API. The merchant receives the wallet address in the request and can respond with a customized transaction for the customer.

What is crypto Gateway? ›

A crypto payment gateway is a flexible platform for payment processing that enables vendors and merchants to accept payments in various cryptocurrencies without security risks. It makes it easier for consumers to transfer money directly from one cryptocurrency wallet to another.

How can a retail company accept crypto? ›

If you want to accept crypto payments but have them converted to traditional fiat money, you will need a crypto payment gateway. Many popular solutions, like Coinbase and BitPay, have both wallet and gateway functionality. You will need a crypto wallet to collect or store cryptocurrency.

How do you accept crypto payments in retail? ›

  1. Crypto payments for retail POS. Accept cryptocurrency directly in your store.
  2. Crypto Payments for E-commerce. Integrate directly in your online shop.
  3. Crypto Payments by Invoicing. Accept cryptocurrency with just one link.
  4. Crypto payments for PSPs. Add cryptocurrency as a new payment method.

What is a crypto payment provider? ›

A cryptocurrency payment gateway is a payment processor for digital currencies, similar to the payment processors, gateways, and acquiring bank credit cards use. Cryptocurrency gateways enable you to accept digital payments and recieve fiat currency immediately in exchange.

What is a payment orchestration platform? ›

Payment orchestration platforms are software solutions that manage the end-to-end process of customer payments, from the initial purchase to the final settlement. By integrating with a retailer's existing system, a payment orchestration platform can automate and optimize the entire payment experience.

What is BitPay stock symbol? ›

BitPay does not currently have an official ticker symbol because this company is still private.

How do I cash out cryptocurrency without paying taxes? ›

Can You Cash Out Bitcoins Tax-free in the U.S.? Some people can cash out Bitcoins tax-free in the U.S. Investors who do not exceed a $78,570 income can cash out at a 0% capital gains tax rate. You can also avoid taxes by investing Bitcoin in strategic investment accounts or modifying your citizenship.

How do I cash out large amounts of crypto? ›

Use an exchange to sell crypto

One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.

Can you hack bitcoin private key? ›

Applications (software) and devices can be hacked. Because private keys are stored in application and device wallets, hackers can access them and steal your cryptocurrency.

What will Solana be worth 2022? ›

Some analysts predict solana will soar in 2022. Gov Capital has a highly optimistic prediction of $65.50 by the end of 2022.

Is Solana better than ethereum? ›

Ethereum is more popular, but Solana has faster speeds and lower transaction costs.

Does Amazon accept Solana? ›

Does Amazon accept Solana? You can use gift cards to buy from Amazon using Solana.

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