CryptoProcessing

What is CryptoProcessing.com

CryptoProcessing.com is a cryptocurrency payment gateway that allows online businesses to accept payments in various digital currencies. The main purpose of the service is to make it simple for merchants to tap into the global market of crypto users. It handles the entire transaction process, from customer payment to settlement in the merchant's preferred currency. A key function is the automatic conversion of cryptocurrency payments into fiat currencies like USD or EUR, which protects businesses from the price volatility of crypto assets. The platform is a product developed by CoinsPaid, a company with extensive experience in the cryptocurrency processing industry. It operates under a license in Estonia, an EU country known for its strict crypto regulations, ensuring a high level of security and compliance for its users.

CryptoProcessing.com Features

CryptoProcessing.com provides a complete set of tools for businesses to manage digital currency payments.

• Multi-Currency Support: The platform supports over 20 popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and can settle payments in more than 40 fiat currencies. This allows businesses to serve a global customer base.
• Volatility Protection: To protect merchants from price swings, the system locks the exchange rate at the moment a customer makes a payment. This guarantees that the merchant receives the exact fiat amount they charged.
• Direct Fiat Settlement: Businesses can choose to receive their funds directly in fiat currency to their bank account. The gateway handles the crypto-to-fiat conversion automatically.
• E-commerce Plugins: It offers ready-made plugins for major e-commerce platforms like Shopify, WooCommerce, Adobe Commerce, PrestaShop, and Opencart, making integration simple for online stores.
• Payment Tools: Merchants can use various tools to request payments, including creating and sending invoices, generating payment links to share on any channel, and using channels for customers to top up their balances.
• Merchant Back Office: A user-friendly dashboard is provided for merchants to track transactions, view payment history, and generate personalized reports for accounting.
• High Security: The gateway is licensed and complies with international security standards like ISO 27001. It uses risk assessment systems to check every transaction for suspicious activity.
• Dedicated Support: Each merchant gets a personal account manager for guidance during setup and ongoing support. A technical support team is also available 24/7.

CryptoProcessing.com Pricing Plans

CryptoProcessing.com does not use a tiered pricing plan structure with different monthly subscriptions. Instead, it offers a straightforward, pay-as-you-go model. There are no setup fees or recurring monthly charges to use the platform. The only cost is a transaction fee applied to each payment processed. The standard fee is less than 1.5%, and this rate can be reduced for businesses with high transaction volumes. This pricing is designed to be accessible for businesses of all sizes, from small e-commerce stores to large enterprises, as costs scale directly with usage.

CryptoProcessing.com Free Plan

There is no traditional free plan with limited features. The service is inherently free to set up and maintain. Merchants can integrate the payment gateway into their website and access all its features without any initial cost or monthly subscription. You only pay a small percentage fee on the transactions you process. This model allows any business to start accepting crypto payments without upfront investment. They also offer a free demo and consultation to see how the platform works before committing.

How to use CryptoProcessing.com

Getting started with CryptoProcessing.com is a guided process designed to be efficient.

1. Request a Consultation: First, you fill out a form on their website. A dedicated account manager will contact you to schedule a meeting.
2. Receive a Personalised Offer: During the meeting, the manager will demonstrate the platform and discuss your business needs. Based on this, they will prepare a custom offer with a transaction fee tailored to your expected volume.
3. Complete Onboarding: If you accept the offer, you will proceed with the onboarding process. This includes a standard Know Your Business (KYB) verification to comply with regulations.
4. Integrate the Gateway: Your personal manager will assist your technical team with the integration. You can use one of their e-commerce plugins for a quick setup or their API for a custom solution.
5. Start Accepting Payments: Once integrated, you can add a "Pay with Crypto" option to your checkout and begin accepting payments from customers worldwide.

Pros and Cons of CryptoProcessing.com

Pros:

• No setup fees or monthly subscription costs.
• Protects merchants from cryptocurrency price volatility.
• Automatic conversion and settlement in fiat currency.
• Supports a wide range of cryptocurrencies and fiat currencies.
• Strong focus on security with EU licensing and ISO certification.
• Provides dedicated personal managers and 24/7 support.
• Easy integration with popular e-commerce platforms.

Cons:

• The Know Your Business (KYB) verification process is mandatory and can take time.
• Transaction fees, while competitive, are a cost to consider.
• The platform is focused on business clients and not available for personal use.
• May require some technical knowledge for custom API integrations.

CryptoProcessing.com integrations

CryptoProcessing.com provides official plugins and extensions for seamless integration with the most popular e-commerce platforms. This allows online stores to add a crypto payment option quickly without complex coding.

• WooCommerce integration: Add crypto payments to WordPress-based online stores.
• Shopify integration: Enable customers to pay with Bitcoin and other cryptos on your Shopify store.
• Adobe Commerce (Magento) integration: A dedicated extension for merchants using the Adobe Commerce platform.
• Opencart integration: Easily integrate the payment gateway into your Opencart shop.
• PrestaShop integration: A module to enable cryptocurrency payments for PrestaShop users.
• Drupal integration: Works with Drupal Commerce to process crypto transactions.
• Joomla integration: An extension is available for websites built on Joomla.

CryptoProcessing.com Alternatives

• BitPay: One of the oldest and most well-known crypto payment processors. BitPay offers similar services, including crypto-to-fiat conversion and a debit card for spending crypto. It is a strong competitor, especially in the US market.
• CoinPayments: This platform is known for supporting a very large number of cryptocurrencies (over 2,000). It is a good alternative for businesses that want to offer a vast array of payment options to their customers. It also has low transaction fees.
• Coinbase Commerce: Backed by the major cryptocurrency exchange Coinbase, this service is known for its simplicity and strong brand recognition. It allows merchants to accept crypto payments directly into their own self-custody wallet or their Coinbase account.
• NOWPayments: A non-custodial payment gateway that supports a wide variety of coins and features auto-conversion. It is known for its easy-to-use API and plugins for popular e-commerce platforms.

CryptoProcessing.com API

Yes, CryptoProcessing.com provides a comprehensive API for developers to create custom integrations. The API allows businesses to connect the payment gateway to their websites, mobile apps, or any custom software. After completing the onboarding and KYB process, merchants receive access to their back-office account where they can generate API keys for authentication. The documentation provides all necessary details for technical integration.

Here is a general example of what a JSON request to create an invoice via their API might look like:

{
  "foreign_id": "ORDER-12345",
  "url_success": "https://yourstore.com/payment/success",
  "url_failed": "https://yourstore.com/payment/failed",
  "amount": "100.00",
  "currency": "USD",
  "description": "Payment for Order #12345"
}

CryptoProcessing.com Affiliate program

CryptoProcessing.com offers a partner program for individuals or businesses who want to earn passive income by referring new merchants. To join, you can express your interest through the "Become a partner" form on their website. Once you become a partner, you can refer businesses that need to accept crypto payments. You earn a commission based on the transaction volume of the merchants you refer. The specific commission rates and payment terms are typically discussed and agreed upon during the partner onboarding process. For more details, it is best to contact their partnership team directly through their website.