Choosing the payment gateway. Which one is right for your business?
Tags: Crypto, Bitcoin, Blockchain, Cryptocurrency, Payment Gateway

One of the most important decisions in your business is how you will receive payments from your customers. The central requirement, of course, is that it should be a solution where both your and the customer’s payment details are secure when processed, but there are also many other factors to consider. At Eligma, we have developed our own payment gateway, GoCrypto. GoCrypto enables merchants to accept payments with crypto wallets from customers and receive the settlements in their local currency (EUR, GBP, etc.). Here is our top pick of the advantages that a payment gateway should provide for you:

1. It should be fast.

When the customer wishes to pay, the transaction process should be fast and smooth — whether at an online shop or at a café cash register. The transactions with GoCrypto typically take 2–3 seconds.

2. It should be compatible with your existing hardware and software.

The integration of a payment gateway should not require buying new equipment. GoCrypto comes in many different solutions depending on what kind of business you own — it is appropriate for stalls, small enterprises, merchants with multiple cash registers or online shops. It can be integrated into the equipment you already use; all you need for it work is an internet connection.

3. It should not be expensive.

The integration and maintenance of GoCrypto are free. There are no hidden costs associated with using it — only a fixed fee per transaction. You also get a head start: the first three months are fee-free!

4. It should be simple to use.

The goal of GoCrypto was to develop an easy-to-use solution that would work for you as well as for your customer. If you have a local store or service, the GoCrypto POS screen probably looks very much like the one you already use. When you create a payment, the customer scans the payment QR code on your screen or a fixed GoCrypto sticker next to your cash register, confirms the payment and the settlement arrives in a few seconds. The GoCrypto POS can also be used on your phone.

5. Its data export options should work for your business.

The payments made through GoCrypto can be viewed at any given moment, and very easily exported in various formats for tax and other purposes.

6. It should support many payment methods.

In order to be convenient for merchants or service providers, a payment gateway should cover multiple payment options. GoCrypto enables your customers to use different crypto wallets; at the moment, it supports Elly and the Bitcoin.com Wallet, with more than 5 million users in total, and will support many more in the future to enable even more crypto fans to use their favourite cryptocurrencies and wallets. Whatever their type, they are all used in the same way on the GoCrypto POS, and regardless of the cryptocurrency, your settlement will always be in the local currency that you accept on a daily basis.

Would you like to use a cryptocurrency payment gateway at your store or service? To get started, visit GoCrypto.com.

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