If a payment gateway allows merchants to accept payments, then it will be easy to explain what is Bitcoin payment gateway. At this point, it is becoming easier for businesses to accept BTC payments and crypto adoption is on full swing. Regardless, there are still some aspects of Bitcoin payments that remain open for discussion. So, let’s answer the question of what is Bitcoin payment gateway and then talk about its main characteristics.
Looking for the ultimate Bitcoin payment gateway? Try Nebulox
Benefits of BTC Payments
Fundamentally speaking, accepting Bitcoin as payment has little to no downsides. Primarily, when business owners think of BTC, they get concerned about the volatility of their assets. However, innovative platforms such as Nebulox.io has successfully dealt with this issue. With an easy and secure automatic solution, Nebulox has the ability to convert BTC payments into stablecoin such as USDT and USDC before storing it in the merchant’s wallet. With that, business owners do not have to worry about their assets losing value.
Putting the volatility aside, accepting BTC as payment has some outstanding advantages for running a business. To begin with, Bitcoin eliminates all geographical boundaries that limit the customer base for a business. No matter where they are based, people all around the world can make purchases via BTC. Subsequently, this removing of the barriers can expand the audience diversity virtually overnight.
However, expanding the customer base is not the only big advantage here. As compared with other conventional methods, Bitcoin payments have noticeably lower transaction fees. As of today, the average Bitcoin transaction fee is hovering around at $0.86. Even better, international fees cost no extra with BTC as payment. Considering the big gap in cost savings, BTC payments can slash extra costs without any downsides.
What is Bitcoin Payment Gateway?
Essentially, a Bitcoin payment gateway is an application service provider that has the ability to accept BTC as payments for an e-business. Basically, this is pretty much the same as a regular payment gateway but with the added benefit of handling Bitcoin transactions. Now, this doesn’t mean that the gateway will exclusively support BTC and no other assets. Depending on the platform, they can support other crypto and digital assets. For example, Nebulox platform offers gateway services for Bitcoin, Ethereum, Tether (USDT), USD Coin (USDC), PayPal and other digital assets all in one place.
The Cost and the Fees of Bitcoin payment gateways
Having answered what is Bitcoin payment gateway, let’s talk money! With all the advantages that we mentioned, it might sound like an expensive business solution to accept BTC payments. Surprisingly, it does not cost anything to utilize a top Bitcoin payment gateway such as Nebulox.io. Distinctively, Nebulox will only charge a small percentage on each transaction for their services. This way, there will be no startup fees for Nebulox and the transaction fees are very low and competitive.
Nebulox.io
Nebulox is a payment gateway platform that supports a variety of digital assets including cryptocurrencies. Nebulox allows the merchants to receive funds through a super secure gateway in only a few minutes. Plus, merchants will have the option to automatically have their assets converted to stablecoins to avoid market volatility. And of course, all that comes with 24/7 online support. Get paid anywhere, anytime, with the currency of your choice.
