CoinsPaid

What is CoinsPaid

CoinsPaid is a comprehensive cryptocurrency payment ecosystem designed for businesses to accept, store, and manage digital asset transactions. It functions as a crypto payment gateway, allowing online merchants and other companies to receive payments in various cryptocurrencies from customers worldwide. The core purpose of CoinsPaid is to bridge the gap between traditional finance and the growing digital economy, providing a secure and regulated infrastructure for crypto payments. The company, operating under Dream Finance OU, is licensed in Estonia, which ensures compliance with strict KYB (Know Your Business) and AML (Anti-Money Laundering) regulations. With over a decade of experience in the financial sector, CoinsPaid offers a suite of tools including a business wallet, an Over-The-Counter (OTC) desk for large trades, and ready-made SaaS solutions for businesses looking to launch their own crypto services.

CoinsPaid Features

CoinsPaid provides a range of features that form a complete ecosystem for business-level crypto transactions.

• Crypto Payment Gateway: The primary feature allows businesses to accept payments in over 50 cryptocurrencies. It can be integrated into websites and e-commerce platforms, offering automatic conversion to fiat currency to protect against price volatility.
• Business Wallet: A secure, multi-currency wallet for businesses to manage their crypto funds. It supports instant deposits, withdrawals, and exchanges between different digital assets and fiat currencies.
• SaaS Platform: A white-label solution that enables companies to launch their own crypto processing business under their brand, using CoinsPaid's established technology and infrastructure.
• OTC Desk: A service for executing large volume cryptocurrency trades with personalized support and competitive rates, ensuring minimal market impact.
• Point of Sale (POS): A solution for brick-and-mortar businesses to accept crypto payments in person using a simple interface, without needing complex technical integration.
• High Security and Compliance: CoinsPaid operates with an Estonian financial license and adheres to international security standards. The platform has passed multiple cybersecurity audits, providing a secure environment for transactions.
• Global Reach: By accepting cryptocurrencies, businesses can transact with customers globally without the typical barriers of traditional cross-border payments, such as high fees and long settlement times.

CoinsPaid Pricing Plans

CoinsPaid utilizes a custom pricing model tailored to the specific needs of each business. Pricing is not publicly listed in fixed tiers. Instead, it is determined based on factors such as the client's industry, expected transaction volume, required features, and the level of support needed. Businesses interested in using the platform must contact the sales team to schedule a consultation. During this process, a representative will discuss the business requirements and create a bespoke pricing package. This approach is common for enterprise-level financial service providers, as it allows for flexibility to serve a wide range of clients, from small online stores to large-scale enterprises.

CoinsPaid Free Plan

CoinsPaid does not offer a traditional free plan for its crypto processing services. The platform is designed for businesses that require robust, secure, and compliant payment solutions, which involves operational costs. However, prospective clients can book a free demo and consultation with a CoinsPaid expert. This allows businesses to see the platform in action, understand its capabilities, and discuss their specific needs without any initial financial commitment. This consultation serves as an evaluation period to determine if CoinsPaid is the right fit for their business before proceeding with a paid integration.

How to use CoinsPaid

Getting started with CoinsPaid involves a straightforward process for businesses looking to integrate crypto payments.

1. Contact Sales: The first step is to visit the CoinsPaid website and fill out the contact form to book a free demo or consultation.
2. Undergo Verification: As a regulated entity, CoinsPaid requires all business clients to complete a Know Your Business (KYB) verification process. This involves submitting company documents to comply with AML regulations.
3. Choose Your Solution: Work with the CoinsPaid team to select the best products for your needs, whether it's the Payment Gateway for an online store, the POS system for a physical location, or the Business Wallet for fund management.
4. Integrate the System: For online businesses, this typically involves integrating the CoinsPaid API into your website or e-commerce platform. The company provides documentation and support to assist developers with this process.
5. Configure Settings: Once integrated, you can configure your payment settings, such as which cryptocurrencies to accept and your preferences for settlement (e.g., receive funds in crypto or automatically convert to fiat).
6. Go Live: After testing the integration, you can begin accepting crypto payments from customers around the world. Transactions can be monitored and managed through the CoinsPaid dashboard.

Pros and Cons of CoinsPaid

Pros:

• Comprehensive Ecosystem: Offers a full suite of tools beyond a simple gateway, including a wallet, OTC desk, and SaaS solutions.
• Strong Security and Regulation: Licensed in Estonia, providing a high level of trust and compliance with AML/KYB standards.
• Wide Range of Supported Currencies: Accepts a large number of popular cryptocurrencies, giving customers more payment flexibility.
• Fiat Conversion: Automatic conversion from crypto to fiat currencies helps businesses mitigate the risk of price volatility.
• Global Accessibility: Enables businesses to easily accept payments from international customers without traditional banking hurdles.

Cons:

• No Transparent Pricing: The need to contact sales for a quote can be a barrier for businesses wanting quick price comparisons.
• Complex for Beginners: The range of features and the integration process might be complex for businesses completely new to cryptocurrency.
• Market Volatility: While fiat conversion is an option, any funds held in crypto are subject to market fluctuations.
• Focus on B2B: The platform is primarily designed for businesses, not for individual or peer-to-peer use.

CoinsPaid integrations

CoinsPaid is designed for flexible integration with various online platforms and custom systems. The primary method of integration is through its robust API, which allows developers to connect the payment gateway to any website, e-commerce platform, or application. While specific pre-built plugins for platforms like Shopify or WooCommerce are not explicitly listed as out-of-the-box solutions, the API provides the necessary tools for seamless integration.

• API Integration: The core of CoinsPaid's integration capability lies in its well-documented API. This allows for custom implementation on any platform, giving businesses full control over the payment experience.
• E-commerce Platforms: Businesses using platforms like Magento, PrestaShop, or custom-built e-commerce sites can use the API to add CoinsPaid as a payment option.
• iGaming and Fintech: CoinsPaid provides specialized solutions and API endpoints for industries like iGaming, forex, and other fintech platforms that require fast and secure transaction processing.

CoinsPaid Alternatives

• BitPay: One of the oldest and most recognized crypto payment processors. BitPay is known for its reliability and focus on Bitcoin and other major cryptocurrencies. It offers straightforward pricing and tools for both businesses and individuals.
• Coinbase Commerce: A solution from the well-known cryptocurrency exchange, Coinbase. It is easy to set up and is a good choice for merchants who want a simple, user-friendly way to accept crypto. It primarily allows merchants to receive payments directly into a self-custody wallet.
• CoinPayments: Known for supporting a very large number of altcoins, making it a versatile option for businesses wanting to accept a wide variety of cryptocurrencies. It offers a payment gateway, wallet, and various plugins for popular e-commerce platforms.
• NOWPayments: A non-custodial crypto payment gateway that supports a wide array of cryptocurrencies and offers features like automatic coin conversion and a simple API. It is known for its competitive fees and easy integration.

CoinsPaid API

Yes, CoinsPaid provides a comprehensive API for developers to integrate its payment processing capabilities into websites, applications, and other business systems. The API is a core component of their service, allowing for a high degree of customization and control over the payment flow. To get access to the API keys, a business must first register an account with CoinsPaid and successfully complete the KYB (Know Your Business) verification process. Once approved, API credentials and detailed documentation are made available through the business's dashboard.

Here is a conceptual example of what an API call to create an invoice might look like in cURL:

curl -X POST \
  https://api.coinspaid.com/api/v2/invoices/create \
  -H 'Content-Type: application/json' \
  -H 'X-Processing-Key: YOUR_API_KEY' \
  -H 'X-Processing-Signature: YOUR_SIGNATURE' \
  -d '{
    "currency": "USD",
    "amount": "100.00",
    "order_id": "ORDER-12345",
    "url_success": "https://yourstore.com/payment/success",
    "url_failed": "https://yourstore.com/payment/failed",
    "title": "Product Purchase"
  }'

Note: This is a representative example. Developers should consult the official CoinsPaid API documentation for the correct endpoints, parameters, and authentication methods.

CoinsPaid Affiliate program

CoinsPaid offers a partner program for individuals and businesses who can refer new merchants to its platform. Instead of a standard, open-to-all affiliate program, it operates on an application basis through a "Become a partner" form on their website. Interested parties need to provide their contact information and details about their business or network. The commission structure and payment terms are typically customized and discussed directly with the partner manager after the application is reviewed and approved. This program is ideal for business consultants, development agencies, and influencers in the fintech and e-commerce spaces. To join, you should navigate to their website and complete the partnership application form. If your application is successful, you will be provided with the necessary resources and referral links to start earning commissions on the transaction fees generated by the merchants you refer.