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How to Accept Crypto Payments as a Business

May 5, 2023

Crypto users' behavior defers from debit or credit card users since they are more protected by encryption, benefit from the pseudo-anonymous cryptocurrency nature and feel free to purchase whatever they want. Surveys show crypto users spend twice more as bank card holders, and 40% of those who purchase for cryptocurrencies are new customers. So what SpectroCoin's products can help businesses to reach the crypto audience?

Crypto payment gateway

Why Consider Accepting Cryptocurrencies?

Crypto processing solutions cost less for businesses. While bank processing fees may be up to 4% of every purchase, SpectroCoin charges only 1% with no maintenance or set-up fees attached.

Crypto settlements are instant, and the speed depends only on the blockchain supporting cryptocurrency. Generally, it may take several seconds to several minutes. Crypto payments are available 24/7 and don't depend on working hours and holidays. At the same time, bank settlements may take several business days.

Cryptocurrency transactions are irreversible, so there is no risk of chargebacks that businesses may bear while dealing with bank transactions.

So it is time to reach a new audience, increase conversion for online businesses and get crypto travelers with the SpectroCoin merchant solutions.

How to Accept Crypto with SpectroCoin Crypto Payment Gateway?

We offer several solutions for online and offline businesses compatible with different types of businesses, structures and sites.

Currently, we support over 30 cryptocurrencies and constantly add more tokens into our ecosystem to provide a comprehensive range of trustworthy and valuable cryptocurrencies:

Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC), Aave (AAVE), Basic Attention Token (BAT), Banker (BNK), Binance (BUSD), Chiliz (CHZ), Compound (COMP), Dai (DAI), DASH (DASH), Enjin Coin (ENJ), Euro Coin (EUROC), The Graph (GRT), Holo (HOT), Chainlink (LINK), Decentraland (MANA), Mask Network (MASK), Polygon (MATIC), Maker (MKR), The Sandbox (SAND), Shiba Inu (SHIB), Synthetic (SNX), SushiSwap (SUSHI), True USD (TUSD), UMA (UMA), Uniswap (UNI), PAX Dollar (USDP), Wrapped BTC (WBTC), NEM (XEM), 0x (ZRX).

Every business client can create a dedicated IBAN account with our partner Bankera and smoothly transfer their fiat currencies from the SpectroCoin business account to Bankera with no fees.

Crypto payment API

The API has wide usage and allows to customize payment process, whatever a client wants. With the API, businesses can set up every step of payment as well as use the SpectroCoin interface. The solution allows to put modifications and boost users' experience. The API allows generating payment addresses and showing real-time currency rates.

Crypto payment plugin

Plugins are useful for e-commerce and represent a ready-made solution that can be easily integrated with popular platforms: WooCommerce, WHMCS, PrestaShop, VirtueMart, Drupal, Magento, Magento2, OpenCart, Zen Cart.

Libraries

Libraries are a pre-programmed solution that can be used as a ready-made product as well as a template for creating customized processes.

Crypto point-of-sale system

The solution for offline businesses. To get paid, merchants should create an order in their SpectroCoin business account and then receive a payment via generated QR-code, which end customers should scan with their crypto wallet app. Merchants can use prepared orders and don't waste time creating new charges every time for goods and services with fixed prices.

Payment button

It is a straightforward solution for those who fundraise user donations or don't affect the sum they want to get paid. We offer payment buttons in several styles, and the end users define the amount and cryptocurrencies to pay.

How to Get Started Accepting Crypto Payments?

To get started with the SpectroCoin gateway, you may take a few steps:

  1. Create and verify Individual or Business account
  2. Create and set up a merchant project
  3. Connect the merchant project to the website or use it manually for the crypto point-of-sale system.

You can check more detailed instructions and video tutorials here.

Please, don't hesitate to contact SpectroCoin support via LiveChat on the website or email [email protected] to get help.

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