Nowadays, online businesses have many ways of accepting payments, and cryptocurrency is one of them. Cryptocurrency payments have opened new opportunities for businesses. Many business owners want to accept crypto payments, but lack the required technical skills. That’s why the demand for easy crypto payment solutions started increasing. A leading crypto payment gateway, CoinRemitter, introduced a smart and user-friendly feature to meet this demand.
Before we understand the approach of this crypto gateway, let’s understand what types of simplicity business owners were looking for.
Required Simplicity When Accepting Cryptocurrency Payments
Technical Simplicity
When cryptocurrency payments started, business owners had to face a difficult setup process. The crypto payment integration process was complex and time-consuming. Therefore, many businesses avoided adopting this payment method.
Financial Simplicity
Financial issues matter when it comes to cryptocurrency payments. Even though crypto transaction fees are lower than traditional bank fees, many business owners want them to be even lower. They wanted the charges to stay low enough so that they could earn higher profits.
Fund Settlement Simplicity
Fund settlement became another major concern after the payment was completed. Many cryptocurrency payment gateways held funds for a long time before releasing them. Business owners wanted a crypto payment processor that could provide faster settlements and quick access to their funds.
Now, let’s see how CoinRemitter accepted all these challenges and offered simplicity to businesses.
Technical Simplicity
Open-Source Plugins
As mentioned above, crypto payment integration was one of the biggest problems for businesses. This platform solved this by offering open-source plugins that are simple to install and use. These plugins allow you to accept crypto payments without needing any coding skills. They just have to go through a simple installation process. They are available for platforms like WordPress (WooCommerce), OpenCart, PrestaShop, Magento, Laravel, PHP, and Node.js. So, plugins are helpful for almost every kind of online business with compatible websites.
Crypto API
The word “API” often makes people think of something complex. But that’s not the case with this cryptocurrency payment gateway. The Crypto API is designed to be user-friendly and well-documented. Business owners can get their API key and password from the Credential tab and use them directly in the API docs. Using this API, they can generate invoices, accept crypto payments, make withdrawals, create new wallet addresses, and check transaction details. They only have to enter valid wallet credentials to use these API features.
Widgets
This platform offers four types of widgets: Pricing Widget (for pricing plans), Presale Widget (for ICOs), Payment Button, and Payment Page (for business payments and donations). Business owners can use them without coding skills. These features come with configuration panels to let business owners set the widget’s appearance. Then it lets them connect crypto wallets and provides auto-generated code/URL accordingly.
Financial Simplicity
Lowest Processing Fee
CoinRemitter is known for its lowest processing fee. Where other platforms charge 0.5% to 1%, this crypto payment gateway charges only 0.23%. Using this gateway, business owners can reduce their spending on fees by up to 77% and earn higher profits.
Gas Station
This platform also offers a unique feature called Gas Station. It helps reduce the network transaction cost for selected cryptocurrencies. Businesses can deposit gas balance in advance to a dedicated wallet. During an incoming transaction, the fee is automatically deducted from that balance. This can reduce the transaction fee by up to 70% compared to the usual rate. It’s a great way for businesses to save even more on crypto transactions.
Fund Settlement Simplicity
Auto-Withdrawal
Unlike other crypto payment processors, CoinRemitter doesn’t hold funds for a long time. Its auto-withdrawal feature automatically sends funds to an external wallet every 30 minutes. So, business owners can receive funds faster and avoid delays. The timing may change in the future depending on system updates. Premium users also have the option to disable the auto-withdrawal feature if they prefer manual control.
API Withdrawal
CoinRemitter’s API Withdrawal feature allows users to withdraw funds directly through the API docs. Business owners can take the wallet credentials and use them to make withdrawals without logging into their dashboard. This simplifies fund management. However, business owners can disable API withdrawals for specific wallets to ensure safety if there is any security concern.
Conclusion
Nowadays, many businesses are finding cryptocurrency payments easy with CoinRemitter. This crypto payment processor allows them to accept crypto payments without facing any technical complexity, high costs, or long settlement times. Every feature of this gateway makes crypto payments easier for everyone.
With its low fees, auto-withdrawal, and faster settlements, this crypto payment gateway gives businesses a simple and effective way to accept payment in crypto. It helps them save time, reduce costs, and improve profit margins. Overall, it delivers a truly simplified crypto payment experience for businesses of every size.
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