0xProcessing

What is 0xProcessing

0xProcessing is a cryptocurrency payment gateway and processor designed for businesses. Its main purpose is to enable merchants to accept payments in over 50 different cryptocurrencies, including Bitcoin (BTC), from customers worldwide. The platform's core function is to simplify the process of receiving digital currency payments and converting them into traditional fiat currency (like USD or EUR), which can then be withdrawn to a business bank account. This service helps businesses expand their customer base to the global crypto market, reduce transaction costs, and avoid the complexities of handling digital assets directly. 0xProcessing focuses on providing secure, fast, and transparent transactions through its proprietary infrastructure, which includes advanced Anti-Money Laundering (AML) checks and a volatility control system to protect merchants from price fluctuations.

0xProcessing Features

0xProcessing offers a range of features to facilitate cryptocurrency payments for businesses:

• Multi-Currency Support: Accept payments in over 50 popular cryptocurrencies across more than 14 blockchain networks.
• Fiat Settlement: Merchants can receive payments in crypto but withdraw their balance in fiat currency directly to their business bank account.
• Web3 Wallet Integration: Customers can pay easily using more than 20 popular Web3 wallets, making the checkout process fast and familiar for crypto users.
• Secure Transactions: The platform uses proprietary infrastructure and advanced AML checks to ensure all transactions are secure and transparent, protecting funds from fraud.
• Volatility Risk Control System (VRCS): A unique, free system that protects businesses from cryptocurrency price volatility by converting crypto to stablecoins instantly at no extra fee.
• Global Reach: The service is available worldwide, allowing businesses to accept payments without traditional banking restrictions.
• Simple Integration: Offers free and fast integration with websites and applications via a seamless API, with support provided to assist with the setup process.
• Recurring Payments: A feature tailored for SaaS and subscription-based businesses to automate billing and accept recurring crypto payments.
• Transparent Fees: A simple fee structure based only on transaction volume, with no monthly payments, setup fees, or hidden charges.

0xProcessing Pricing Plans

0xProcessing operates on a straightforward, volume-based pricing model rather than tiered subscription plans. There is a single, transparent processing fee applied to each transaction. This commission is calculated as a percentage of the transaction volume. This model is designed to be accessible for businesses of all sizes, as there are no monthly subscription fees, no setup costs, and no extra charges for features like the volatility control system or fiat withdrawals. The exact commission rate is typically based on the monthly turnover of the business, rewarding higher volume with more competitive rates.

0xProcessing Free Plan

0xProcessing does not offer a free plan for transaction processing, as its revenue is based on a small commission from each payment. However, it provides several free components to make adoption easy for businesses. The integration and connection to the platform are completely free, and the company provides technical support to help with the setup process at no extra cost. There is no free trial period mentioned, as the service is pay-as-you-go from the first transaction.

How to use 0xProcessing

Getting started with 0xProcessing is a simple, three-step process:

1. Registration: First, you need to visit the 0xProcessing website and fill out a registration form. A manager will then contact you to clarify your business needs and set up your personal account. The platform features a straightforward Know Your Business (KYB) process.
2. Integration: Once your account is active, you can integrate the payment gateway into your website or application. This is typically done via their API. You can add a payment widget to your checkout page, allowing customers to select 'Pay with Crypto'. The support team is available to assist with any technical challenges during this phase.
3. Accept Payments: After the integration is tested and complete, you are ready to start accepting cryptocurrency payments. Customers can pay using their preferred Web3 wallet. You can monitor all transactions from your 0xProcessing dashboard and manage your funds, including initiating fiat withdrawals to your bank account.

Pros and Cons of 0xProcessing

Pros:

• Wide Cryptocurrency Support: Accepts over 50 cryptocurrencies, giving customers many payment options.
• Fiat Settlement: Businesses can avoid holding volatile crypto assets by converting funds to fiat currency.
• No Setup or Monthly Fees: The pricing is transparent and based only on transaction volume, making it accessible for new businesses.
• Global Accessibility: Allows merchants to accept payments from anyone, anywhere in the world, without cross-border restrictions.
• Strong Security: Implements AML checks and secure infrastructure to protect transactions.
• Volatility Protection: The free volatility control system is a significant benefit for managing risk.

Cons:

• Transaction Fees: While there are no monthly fees, a commission is charged on every transaction.
• Integration Required: Requires some technical setup to integrate the API, which might be a hurdle for non-technical users.
• Market Dependency: The service's value is tied to the adoption and stability of the cryptocurrency market.
• Potential for Delays: As with any blockchain-based system, transaction confirmation times can sometimes vary.

0xProcessing integrations

0xProcessing provides a flexible API that allows for custom integrations with a wide variety of platforms and business systems. While specific pre-built plugins for all platforms are not listed, the API-first approach ensures compatibility with most modern e-commerce solutions, SaaS platforms, and custom websites. Common integrations include:

• E-commerce Platforms: Connects with major platforms like Shopify, WooCommerce, Magento, and BigCommerce through API integration.
• Custom Websites: Can be integrated into any custom-built website or application regardless of the programming language.
• Billing Systems: The recurring payment feature allows integration with subscription management and invoicing software.

0xProcessing Alternatives

• BitPay: One of the oldest and most recognized crypto payment processors. It offers similar services, including fiat settlement and a crypto debit card, but supports a smaller selection of cryptocurrencies compared to 0xProcessing.
• Coinbase Commerce: Backed by the major cryptocurrency exchange Coinbase, it is known for its user-friendly interface and strong security. It is a good option for businesses already using the Coinbase ecosystem.
• CoinPayments: Supports a very large number of cryptocurrencies (over 2,000). It is highly flexible but can be more complex to use. It offers lower fees for crypto-to-crypto transactions.
• NOWPayments: Known for its ease of integration and wide range of supported coins. It offers plugins for many popular e-commerce platforms and features like donations and mass payments.

0xProcessing API

Yes, 0xProcessing provides a developer-friendly API to allow businesses to integrate the crypto payment gateway directly into their websites, mobile apps, and other platforms. The API enables full control over the payment process, from creating invoices to tracking payment statuses.

To get an API key, you must first register for a business account on the 0xProcessing website. Once your account is approved, you will be able to generate and manage your API keys from your merchant dashboard. The API documentation provides detailed instructions and code examples for developers.

Example API Request (Conceptual cURL):

curl -X POST https://api.0xprocessing.com/v1/invoice \
  -H "Content-Type: application/json" \
  -H "X-API-Key: YOUR_API_KEY" \
  -d '{
    "amount": 100.00,
    "currency": "USD",
    "order_id": "ORDER-12345",
    "redirect_url": "https://yourstore.com/payment/success",
    "cancel_url": "https://yourstore.com/payment/cancel"
  }'

0xProcessing Affiliate program

0xProcessing offers a partnership or referral program for businesses and individuals who wish to promote its services. Based on testimonials, partners can earn revenue through referrals. In a typical affiliate program for such a service, partners earn a commission, which is usually a percentage of the transaction fees generated by the merchants they refer. This creates a long-term revenue stream for the affiliate.

To join the program, you would typically need to fill out a partnership application on their website or contact their business development team directly. After approval, you receive a unique referral link or code to share. Payments are usually made on a regular schedule (e.g., monthly) once your earnings reach a certain threshold.