What is a Payment Gateway?
A Payment Gateway is a decentralized payment platform where users can pay, receive and transfer money to another user using digital coins (cryptocurrencies). The payment gateway reduces the intermediaries involved in the process and makes the payment process fast.
How Crypto Payment Gateways Work
Basic Function
- Accept cryptocurrency payments
- Convert between currencies (optional)
- Process transactions securely
- Provide merchant tools
Key Features
- Real-time transactions
- Low processing fees
- Global accessibility
- Multiple currency support
- Automated conversion
Benefits for Merchants
Financial Advantages
- Lower transaction fees
- No chargebacks
- Instant settlements
- Global market access
- Reduced fraud risk
Operational Benefits
- Easy integration
- Automated processing
- Real-time tracking
- Detailed reporting
- Multiple currency support
Benefits for Customers
Transaction Benefits
- Fast payments
- Low fees
- Privacy protection
- Cross-border payments
- No bank account needed
Security Features
- Encrypted transactions
- No personal data shared
- Immutable records
- Transparent processing
Implementation Types
Direct Integration
- Accept crypto directly
- Maintain own wallet
- Full control over funds
- No conversion fees
Auto-Convert Services
- Instant conversion to fiat
- Reduced volatility risk
- Bank deposits
- Easier accounting
BitcoinZ Payment Solutions
BitcoinZ offers various payment solutions:
- Direct wallet transfers
- Payment gateway integrations
- Point of sale systems
- E-commerce plugins
- Mobile payment options