Crypto merchant services are platforms that enable businesses to accept cryptocurrency payments. They enable stablecoin payments for merchants and other tokens like Bitcoin and Ethereum. Web3 payment solutions fulfil an urgent need for businesses to receive payments faster and more conveniently than traditional fiat payments. B2BINPAY is one of the best platforms that enable fast and secure crypto transactions.
Payment gateways enable businesses to process online transactions, while merchant services let enterprises to receive, store, exchange, or withdraw their proceeds to corporate bank accounts. A payment gateway is the consumer interface that enables customers to send payments, while crypto merchant payment services let you receive the payments, exchange them for other currencies, store them, or withdraw them in fiat or stablecoins.
A crypto merchant account is an online account that allows enterprises to accept payments in various digital currencies. B2BINPAY provides a merchant account for crypto-friendly businesses, enabling them to collect customer payments in digital tokens such as Bitcoin, Litecoin, USDT, and more.
A merchant crypto wallet lets you receive dozens of currencies and convert them into any currency you choose. For example, you can use an Ethereum payment gateway to receive funds and immediately convert them into stablecoins like USDT and USDC. The same applies to a Bitcoin payment processor or any other token. Crypto merchant services let you receive payments instantly. They also have lower transaction fees than fiat payment gateways.
E-commerce stores, iGaming platforms, forex trading platforms, crypto exchanges, crypto brokers, and travel agencies are some businesses that are best suited to use blockchain payment solutions. B2BINPAY offers tokenized payments for businesses, making it easy to receive and manage digital currencies.
Crypto merchant services allow businesses to receive payments in numerous digital currencies. In contrast, traditional payment processors enable businesses to receive money in fiat currencies like the dollar, euro, pound sterling, etc. Merchant services like B2BINPAY enable seamless crypto payment integration on your online store. Afterward, you can receive payments in multiple digital currencies, convert them into stablecoins, or withdraw them to a fiat bank account.
Crypto merchant services have lower transaction fees and faster processing times than traditional payment processors. Cryptocurrency is a decentralized system in which no intermediary firms like Visa and Mastercard dictate base payment fees. Likewise, smart contract payment processing systems can handle many more transactions per second than traditional ones. This decentralization translates to lower fees and faster e-commerce crypto payments.