Category: Resources

Payment Gateway vs. Payment Processor

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Payment-Gateway-vs.-Payment-Processor_web

Online transactions are convenient, but keeping them secure and efficient is hard work. Two payment systems – gateways and processors – work behind the scenes to facilitate online purchases for customers and merchants. When you’re starting a new eCommerce store, you might not know what the difference is between payment gateways vs. payment processors, or whether you need one or both.  Today, let’s compare payment gateways and payment processors in detail and break down why both are important parts of your online store’s checkout system. What Is a Payment Gateway…

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How to Avoid Paying High Bitcoin Transaction Fees

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Bitcoin or BTC may be the most popular cryptocurrency globally, but many merchants are hesitant to accept it from their customers because of one costly element: high Bitcoin transaction fees. These high fees fluctuate regularly and have historically reached peaks of well over $25. So, how can you avoid paying high Bitcoin transaction fees while offering your customers maximum payment flexibility? It turns out there are multiple ways to keep costs low and still accept crypto tokens like Bitcoin. Let’s break down these ways in detail. Pick the Right Payment…

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2021 was a big leap forwards for crypto, will 2022 continue the trend?

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2021 was an incredible year for many aspects of the crypto space. From massive price jumps, with Bitcoin jumping from $29,374 to highs of $67,566, through to widespread adoption and acceptance of NFTs with OpenSea (the main NFT marketplace) seeing a 64,600% increase in trading volume, there was plenty happening to keep existing holders happy and to draw new people into crypto. In this article, we’re going to look ahead at what’s coming soon, and what you might expect to see during 2022, from technological improvements through to changes in…

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Accepting cryptocurrency payments; it’s easier than you think!

CoinPayments

You’ve got a business, it’s doing well, but you want to tap into a new audience, namely cryptocurrency holders.  Your product or service doesn’t have to be connected to cryptocurrency directly for you to engage this audience, they are just normal people who want the same items and services the rest of us do, they just would like to pay with their cryptocurrency.  Maybe you’ve got friends who are into digital currencies already, maybe you’ve just heard about the huge rise in the value of them, but you now know…

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CoinPayments Identity Verification (KYC) Tutorial – How to Complete Your Verification Process

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You are now only an easy process away from unlocking the full potential of your CoinPayments account Now you’ve created your account you need to complete the KYC (or “Know Your Customer”) process to provide us with the info we need to get you fully up and running.  The following is a step-by-step method to take you through that process, as well as demonstrate how to contact support should you encounter any issues.  Step 1:  After you log in to your account, you will see on your dashboard the notice…

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A Complete Guide to Altcoins

CoinPayments

There’s Bitcoin, and then there are the thousands of other cryptocurrencies you might see when you check out cryptocurrency price charts. These “altcoins” can be difficult to understand if you’re not already familiar with crypto. It can be tough to know whether you should accept altcoins for purchases on your e-commerce store. Today, let’s break down a complete guide to altcoins so you know what these cryptocurrencies are, how they work, and which tokens you might consider accepting as tender for your e-commerce business. Altcoins Explained Altcoins are defined in…

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Stablecoins: What You Need to Know

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If you’re a merchant, you’ve probably never heard of stablecoins as a digital currency. But if you are interested in utilizing crypto and digital assets for your business – whether it’s to accept payments from customers or use it to purchase new equipment – you’ll want to understand what stablecoins are and what they can do for you and your business.   Stablecoins – What Are They? In a nutshell, stablecoins are a type of cryptocurrency. But stablecoin activities are necessarily attached or “pegged” to a certain kind of stable reserve…

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The Evolution of Money: Origin and Stages Over Time

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We all use money every day, but we barely give a thought as to its purpose, its history, or why money evolved from a basic barter system to numbers on a computer screen. That’s a shame because the evolution of money is a fascinating subject. Understanding how money began and evolved can help you better understand how new forms of currency, like crypto tokens, function for trade. Today, let’s break down the evolution of money in detail, going over its origin and its stages over time. What Was the Original…

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2021, The Year Crypto Went Mainstream

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For thirteen years Bitcoin, then later cryptocurrencies such as Ethereum, have sat on the sidelines of mainstream financial adoption, with limited use and low adoption. In 2021 all that changed with adoption at both corporate and governmental levels, raising everyone’s awareness, and pushing conversations about using cryptocurrencies for everyday transactions into people’s minds.  Businesses that adopted the technology early, for example by accepting crypto payments for products and services, are seeing the benefits already, and it looks like they will continue to do so well into the future. Here’s how…

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