Crypto currency payment processors. 

In the past recent years crypto currency payments are becoming more and more popular among business and customers, unlike before merchants /customers are getting the benefits of anonymity, security, instant and convenient payment method with crypto payment processing. Crypto payments solve the issues faced by merchants and customers while making payments due to the landscape fragmentation and different geo politics and regulatory issues. 

A crypto payment processor helps the businesses to accept payments online in crypto. A crypto payment processor takes the perceived risk of accepting payments on crypto by accepting payments using their wallet and facilitates the transaction between merchants and the customers. The collected funds are settled to merchants either in crypto or Fiat whichever the merchant opts for. 

There are many crypto payment processors out there, at offshore gateways we help our merchants to secure and receive payments in crypto and settlements are in both crypto and fiat.

Crypto payment processing

Crypto payment processing is much cost efficient than fiat the cost of transaction is about 1% of the amount and settlement or withdrawing of crypto can happen several times quicker than other payment methods.

Since Crypto payments are much more reliable and in industries like online casinos where payments often get declined for various reasons crypto payment processing are considered optimal solution as the block chain wallet cannot block a transaction.

How does a crypto payment processing works?   
1). Once the customer select the crypto payment option in the checkout in your website or app and the when the customer can initiate the transaction and proceed make the payment either from their crypto wallet or bank account. 

If the customer is making transaction using fiat (bank account) the amount equal to the digital currencies market value during the time of transaction is processed.

2). Crypto payment processor instantly converts the payment into the currency merchant have opted and the money is added to merchants account/wallet with the payment processor, and the same is settled to the merchants bank account as payouts in periodic settlement which is agreed by both merchant and the crypto payment processor as per their contract.

3). Merchants can receive settlements in both Fiat (Bank account) and Crypto (Crypto Wallet)

Block chain payment processing / Crypto currency processing 

Crypto currency processing or Block chain payment processing helps the merchants to get instant settlement at a very low cost, and unlike FIAT payment processing only one intermediary is involved in the whole process thus reducing the cost and improving the overall customer experience. Also the risk of charge back related disputes are very much less or null since the transactions are carried out on block-chain networks. 

The risk of customers money leaving from the card and not getting credited to clients account often happens in fiat payment processing whereas crypto payment processing has no such issues and supporting multiple crypto currencies are an added advantage. 

It is important to set up a payment processing solution which can accept payments in crypto. All the transactions on crypto are carried out on block chain technology. A crypto Crypto payment processing carries out the transaction To create a crypto payment gateway from scratch, merchants will have to create the payment solution from scratch. Then register a crypto wallet and publish its public address. Integrate with an existing block chain payment solution provider Crypto payment processor.

The development of Crypto payment processing for digital currencies over blockchain is taking place along with the implementation of the block chain technology in various industries like healthcare, academics, and supply chain and among others.

Businesses willing to accept crypto currencies as a payment method rather than fiat currencies rely upon crypto payment gateways to operate. When a customer selects a good or service from a merchant’s website they opt to pay with cryptocurrencies through a cryptocurrency payment gateway and the crypto currency payment processor initiates the transaction.

There are two different models of crypto processing
·Crypto-fiat.Here ,the merchant receives fiat money into his account as a result of conversion. The commission is on average 1% or more, but this sums regulatory, banking, and exchange risks; also, additional counterparties arise.

·Crypto-crypto. Customers pay in crypto and merchants receive payments in it. The processing service does not use the banking infrastructure, but at the same time merchant has a better chance to earn, because the commissions are about 0.5%, of which about 0.1% is spent on trading costs during the exchange/conversion. 

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