Even though it started relatively recently, electronic money has earned exceptional popularity globally. Such factors aid it as the convenience of paying for goods in online stores, fast transaction processing, and the application of modern technologies to guarantee security. And among the most promising types of electronic money is cryptocurrency.
Since 2016, the aggregate market capitalization of cryptocurrencies has grown exponentially, and so has the global volume of cryptocurrency trading. Because of this, several payment companies extended to include crypto gateway services, and one of such companies is CoinsPaid. This company offers solutions for merchants across all business verticals, specialized more towards high-risk.
What makes CoinsPaid the best Crypto Processing Solution?
CoinsPaid is built to solve modern problems connected with payments, cryptocurrency exchange, and storage both for businesses and users. The company’s products include Cryptocurrency Processing and a Personal Wallet.
Based on an analysis held in April 2019, there are no direct competitors to CoinsPaid project. A lot of crypto wallets, processing services, and exchanges emerges, but no one has accomplished to cover all essential features that meet users’ expectations.
Among CoinsPaid’s best advantages are:
– Instant confirmation of transactions
– Accept Bitcoin and over 50 altcoins
– You can buy crypto with SEPA now and a debit card and will be added soon
– Direct fiat settlements and withdrawals to bank accounts
– Crypto processing fee is lower than 1%
– Loyalty program and cashback
CoinsPaid started in 2014 as an internal brand tool of Merkeleon that has been providing cryptocurrency payment services for businesses. The goal of CoinsPaid is to build a perfect Crypto Processing mechanism for business and an easy-to-use Cryptocurrency Wallet for individuals. They endeavor to connect cryptocurrency and ﬁat markets, delivering importance on security, reliability, and speed of processes.
CoinsPaid Competencies In Several Industries
CoinsPaid has already achieved far-reaching experience in three areas: online gambling industry, working with retail trade payments and giving payment solutions.
Gambling And Trading
These type of industries are the main focus of CoinsPaid’s activities, and they endeavor to meet the level of the primary expert in cryptocurrency payments for these types of businesses. The dedicated CoinsPaid team continuously monitors, assesses, and executes the functionality that suffices the unique needs and requirements of gambling and trading business and their end users. Some of their notable clients are mBit and BitStarz.
CoinsPaid developed products to meet customers’ requirements, regardless of whether they want to purchase in a store, via the Internet, or by an application. They spend various resources on research and implementation of the best features that fit the needs of customers. With this feature, a business can issue an invoice to the client in the currency required at the same time transferring the funds to the seller in another currency suitable for performing the calculations.
Payment Service Provider
CoinsPaid explicitly recognizes what level of service partner payment systems. They believe that the connection between ﬁat and cryptocurrency payment solutions offers excellent synergy for both parties. Their service supports instant conﬁrmation of transactions with transparent and secure funds. They also have extensive billing functionality and crypto-ﬁat exchange.
CoinsPaid Key Values
This is one of CoinsPaid’s primary elements. Their team thoroughly examines and analyzes security issues. It has a dedicated security team that is committed in all perspectives of business processes, rendering a constant level of security. Their team monitors all system activity 24/7 to detect and counter any cyber attacks or fraud.
The current load is instantly processed, assuring trouble-free operation and lightning-fast reply within industry standards. They have an efﬁciently developed product structure and additional bandwidth resources which are automatically heightened by the load balancer in a matter of seconds with Amazon cloud solutions.
CoinsPaid provides transparent pricing and operations system. The client can easily track any activity that is reflected in the blockchain, as well as receive detailed financial statements on the circulation of funds in the system. At the same time, hashing functions and other security measures allow users to maintain anonymity. In the foreseeable future, the team plans to transfer all operations to a private blockchain, developed internally using industry best practices.
CoinsPaid is continually developing its services, technically and by guaranteeing customer service satisfaction.
Recently, they have joined Europol’s exclusive training for Cryptocurrency Crime Prevention last June 12 to 14, 2019. The said conference aims to share best practice and seek new partnership-building opportunities to fight the increase in cybercrime connected to digital currencies, as well as techniques for retrieving virtual assets robbed by hackers.
They also announced that they had integrated GAP600 to their platform to improve the solution’s functionality further and provide a competitive advantage. The company endeavored to incorporate a solution that could streamline and facilitate cryptocurrency secure transactions on the platform.
The evolution of the blockchain and crypto technologies has changed the natural order of financial transactions and apply them in different industries where nobody had ever thought of using such technologies before.
Cryptocurrencies have been once doubted and questioned, but now has become a genuine interest and being utilized to different business type globally, especially eCommerce, online betting and casino, banking sectors, and other markets.
With the emergence of cryptocurrencies, it started a logical requirement for a processing tool that can make the transactions fast and reliable. People these days know of fiat payment services and used them in everyday life. But, how can users accept and transfer crypto payments?
What is a Crypto Payment Gateway?
Crypto Payment Gateways will allow individuals and businesses to accept cryptocurrency. The processing system for cryptocurrency payments is a universal software solution which is built for secure and fast transactions, deposits and withdrawals of funds and for processing any settlements in cryptocurrencies online.
Factors to consider when choosing the right crypto payment processor:
- Study available solutions on the market and create a list of companies-providers.
- Check the functionality of each Crypto Processor, specifically the performance, security, availability, list of supported coins.
- Verify through the case studies of the companies that already use Crypto Payment Gateway and for how long.
- Review clients’ feedback.
- Collect full information about commercial terms and conditions and create a comparison of competitive providers.
Top 3 Crypto Processing Companies Today
CoinsPaid products are Cryptocurrency Processing and Personal Wallet with a built-in exchange. They have an instant transaction conﬁrmation for popular currencies with a coverage of more than 50 cryptocurrencies and has a transparent pricing and operations system. They also feature an instant exchange to ﬁat that allows CoinsPaid users to exchange the cryptocurrency paid by the customer to the ﬁat currency chosen by the seller immediately.
The company also has a 24/7 security team actively monitoring clients for any assistance. They also have an eﬀective loyalty program and proven reliability since 2014 as a part of Merkeleon solution.
BitPay is a leading Bitcoin payment processor since the early days of Bitcoin in 2011. It is considered the most common method for merchants to accept bitcoin (BTC), bitcoin cash (BCH) and other cryptocurrencies. Its system is fast, simple, and acquires a little risk of volatility for merchants as Bitpay will manage settlement and automatically convert the crypto into fiat.
With the BitPay app, users can receive Bitcoin as payment for more than 40 integrations on popular e-commerce platforms and point-of-sale systems and can convert it into eight fiat currencies for bank deposits in 38 different countries.
Coinbase is considered as one of the world’s biggest Bitcoin exchanges. Aside from trading Bitcoin on Coinbase, users can also accept Bitcoin payments for business. It has a merchant app for businesses to begin accepting Bitcoin where users can accept payments in Bitcoin and instantly change it into fiat to avoid price volatility.
There is a variation of options for both offline and online businesses to start accepting Bitcoin via Coinbase merchant solutions.