As a result, merchants need to start accept crypto payments on website because more people are becoming accustomed to using cryptocurrencies!
In light of this, XAIGate presents nine steps for merchants to follow in order to accept cryptocurrency payments and take advantage of the benefits they offer.
The reasons why we need to accept crypto payments on website
To understand the reasons behind the rise of cryptocurrencies, we first need to grasp what they are.
A cryptocurrency is a type of digital or virtual currency that utilizes cryptography for security. This makes it challenging to counterfeit or double-spend. Unlike fiat currencies, which are traditional currencies issued by governments, cryptocurrencies operate on a decentralized system powered by blockchain technology.
One of the defining characteristics of cryptocurrencies is that they are not governed by any central authority, such as a bank or government. Instead, crypto users share the responsibility for this currency, allowing them to transfer assets directly without intermediaries.
Bitcoin, created in 2009 by an anonymous individual or group known as Satoshi Nakamoto, is the first and most well-known cryptocurrency. Due to its limited supply and properties as a store of value, Bitcoin is clearly the “gold” of the cryptocurrency world.
As long as cryptocurrencies retain their value, users can utilize them as a payment method to exchange goods and services, particularly in e-commerce.
Over the last four years, the global shopping landscape has shifted significantly from in-person transactions to online purchases, leading to a surge in the demand for cryptocurrencies as a payment option.
So, this is why it’s essential for merchants to accept cryptocurrency payments on their websites — to enhance user experience and potentially increase their income.
Ways to Accept Crypto Payments On Website
There are three effective methods for accepting cryptocurrency payments on your website, each catering to different levels of technical expertise and operational needs:
1. Using a Third-Party Payment Gateway or Processor
This approach is among the most user-friendly options available for integrating cryptocurrency payments into your website. It’s also suitable for those who wish to avoid the complexities of technical implementation.
Third-party platforms, such as XAIGate, serve as intermediaries, converting payments from fiat currency to cryptocurrency on your behalf. This means you can accept digital currencies without needing to manage wallets or the intricacies of the blockchain, streamlining the payment process for both you and your customers.
READ MORE: 5 REASONS Why Your Small Business Needs a Crypto Fiat Payment Gateway for Growth
2. Direct Payment with a Bitcoin Wallet or Custom Button
For a more straightforward solution, you can allow customers to make payments directly using your Bitcoin wallet address.
This method offers a personal touch, allowing you to create a custom payment button that you can embed on your site.
Moreover, this button can be tailored to match your website’s branding, providing a seamless experience for users who prefer to pay with cryptocurrency.
It’s a simple way to facilitate transactions while maintaining direct control over your funds.
3. Implementing Custom Integration via APIs
If you’re looking for maximum versatility, implementing custom integrations via APIs is the way to go.
This method provides the most control over how cryptocurrency payments are processed but requires a fair amount of technical expertise and development resources.
By utilizing APIs, you can design a highly specialized payment system that meets your specific needs and integrates seamlessly with your existing website infrastructure, allowing for a tailored approach that can adapt as your business evolves.
In this post, we will provide detailed instructions for accepting cryptocurrency payments on your website using a Custom Integration through APIs.
4 Steps to Accept Crypto Payments on Website by Using XAIGate Payment Gateway
XAIGate has been recognized as the leading cryptocurrency payment gateway since 2024, thanks to its secure, user-friendly, and reliable features.
Confident enough to be the best fiat-to-crypto payment gateway, XAIGate offers the following benefits:
- Low cryptocurrency processing fees
- No monthly costs
- Easy setup
- Invoice services
- Global payment acceptance
- Secure transactions
- Affiliation program
- 24/7 customer support
- Gas station feature
Businesses choose XAIGate as their cryptocurrency payment gateway for several compelling reasons:
- Increase Sales: Accepting cryptocurrency payments can attract new customers and simplify transactions for existing ones, ultimately boosting sales.
- Expand Global Reach: XAIGate enables businesses to accept payments from customers around the world, helping them to reach new markets.
- Reduce Costs: Cryptocurrency payments are processed much more quickly than traditional payment methods, resulting in lower processing fees.
- Protect Against Fraud: XAIGate employs advanced security measures to safeguard businesses from fraud and theft.
These features and benefits make XAIGate a preferred choice for businesses looking to integrate cryptocurrency payments.
Following the steps below to accept crypto payments on website
1. Sign Up for the XaiGate Wallet
Create an account on the XaiGate website by entering your details and selecting “CREATE A FREE ACCOUNT.”
To activate your account, please verify your email address using the code sent to your inbox.
2. Obtain Your API Key
Navigate to the Credentials Tab to find your API key.
In the Credential Tab, you will find the API key
3. Supported Chains
Chain lD
When calling Web3 API, you can use the Network ID listed in the table below as the chain_id parameter. XaiGate API only supports EVM-compatible blockchains for now.
We will continue to add support for new blockchains. If there is a chain that you wish to support but we do not, please let us know by reaching out to contact@xaigate.com.
4. API Documentation
Visit our API documentation page to begin your integration if you are using our REST API. Alternatively, you can also utilize our plugin available on XaiGate’s GitHub.
Merchants can easily accept crypto payments on their websites using XAIGate— the leading crypto payment gateway since 2024—by following these four simple steps.
We hope this article helps you integrate crypto payments on your website to boost your business with the exceptional XAIGate platform.
Remember, our customer support is available 24/7, so please reach out if you encounter any difficulties at any step. Our contact information is right HERE, don’t hesitate!
