Bitcoin Payment Gateway to accept bitcoin currencies for cross-border regions
Bitcoin is one of many cryptocurrencies, or digital currencies, that are not controlled by any government, treasury, or central bank. Bitcoin operates on a network of computers known as a “blockchain.” When a bitcoin transaction is completed, the entire network is updated so that users on the bitcoin network can validate the transaction.
An online bitcoin payment gateway is required to service these cryptocurrency transactions, just as a bank processing gateway is required to process fiat currencies (government-issued currency).
Bitcoin payment gateways, also known as settlement gateways, enable the quick and easy transfer of funds using credit cards, and ATM cards. A bitcoin payment gateway allows for quick and secure transactions on a website. It can also handle bitcoin fund deposits and withdrawals, as well as bitcoin mutual settlements online.
The advantages of using a bitcoin payment gateway
The following are some of the benefits of using a bitcoin payment gateway:
- Providing customers with greater payment flexibility
- Discretion is required because crypto-asset transactions do not appear on a bank statement.
- Payment security is ensured because transactions are encrypted using cryptography.
- Chargeback fraud does not affect cryptocurrency transactions.
- Cost savings when compared to using a credit card
- Integrating blockchain technology into a business has its own set of advantages.
Bitcoin is becoming increasingly popular as a means of online trading, and it can help businesses increase their customer base while also protecting them from chargeback fraud. However, in order to begin accepting bitcoin payments, you must first identify the best bitcoin payment gateway for your needs.
Where can I get a bitcoin merchant account?
Bitcoin is a relatively new technology with a high level of risk, and locating a trustworthy bank for a bitcoin merchant account is a difficult task.
Bitcoin merchants can open an offshore trading account for their company. We collaborate with a large number of offshore banking partners who offer exclusive merchant account solutions that are ideal for bitcoin processing.
Entrepreneurs must provide us with the following information in order for us to approve their bitcoin merchant account:
- URL of the website
- History of processing
- The geographic location of your target audience.
- Preferences for banks
- A set of documents that a bank requires.
- Turnover in the business.
Depending on the conditions mentioned above, onboarding with our company will take between two and thirty days. Our specialists will accompany you throughout the procedure in order to complete it as quickly as possible.
What fees are charged for a bitcoin merchant account?
The fees you are charged for the bitcoin merchant account form depend on several factors:
- Your business type;
- Merchant’s processing history;
- Current average sales volume
Because each account is unique, the fees may differ.
How quickly does a bitcoin merchant account get approved?
Though many of us believe that bitcoin merchant accounts are approved instantly, this may not be the case for all accounts. This is especially true for offshore accounts. Almost every PSP takes between five and fourteen days to review and approve these accounts. In some cases, it is even faster. However, this is entirely dependent on certain factors such as your industry and current payment processing history.
Don’t forget about bank approval, which can take anywhere from 24 hours to several days or even weeks.
When looking for a bitcoin payment gateway, keep the following in mind:
Transaction Fees; Bitcoin transaction fees are lower than credit card transaction fees. Many providers offer rates as low as 1%.
Payout frequency: Some gateways initiate payouts daily, while others can take up to three days.
Currency support: Confirm that your payment processor supports your preferred payout currency.
Countries supported: Some bitcoin gateways cannot process transactions in certain countries, so make sure your gateway provider supports the country where you do business.
Customer service: If you need assistance setting-up bitcoin payments, make sure you can reach out to your provider via your preferred method, such as live chat.
Why choose Amald for getting a Crypto Merchant Account?
Amald is a payment processing company that specializes in high-risk business transactions. We have expertise in this area because this business type prefers accepting bitcoin payments. Amald provides cutting-edge fraud prevention software to assist merchants. Furthermore, advanced analytics aids in a better understanding of customer behavior and habits.
Amald is a payment processor that provides its merchants with international reach. The funds can be settled in either cryptocurrencies or Euros. The payment is made via Swift or cryptocurrency payout. Amald enables merchants to meet global demands and reach a global audience. It also safeguards its merchants against any form of fraud. We enable the merchant’s website to accept bitcoin. The designated payment button and the hosted payment page are provided to the seller.
