Crypto acquiring

1. What is Crypto Acquiring and How to Use It in Business

Crypto acquiring is a payment solution that allows businesses to accept cryptocurrency payments from customers. Crypto acquiring service providers ensure a smooth payment process, converting received cryptocurrencies into fiat money at the current exchange rate and transferring funds to the business account. Companies use crypto acquiring for its security, transaction speed, and customer convenience.

To start using crypto acquiring, connect to an acquiring provider via API or another solution. Once integrated, the business can accept cryptocurrency payments from customers.

In recent years, crypto acquiring has become increasingly popular, as more online businesses are looking to accept cryptocurrency payments. It offers several advantages over traditional payment methods, including faster settlement times, lower transaction fees, and enhanced security. Additionally, it allows merchants to tap into the growing market of customers who prefer using cryptocurrencies for their purchases.

If you decide to integrate crypto acquiring into your business, we’ll assist you at every stage of the service setup, so you can focus on running your business.

2. Where and Who Uses Crypto Acquiring

Crypto acquiring is used by businesses operating in e-commerce, fintech, and online platforms, as well as companies providing services internationally. It allows businesses to accept payments from customers worldwide.

Crypto acquiring is popular among tech-savvy businesses and enterprises looking to expand their payment options and attract cryptocurrency users.

3. Methods of Connecting Crypto Acquiring via API

Businesses can connect crypto acquiring services using APIs provided by acquiring providers. APIs allow seamless integration of cryptocurrency payments into the company’s website or application.

4. Advantages of Accepting Payments in Cryptocurrency

• Global transactions with no geographical limits.
• Fast payment processing compared to traditional methods.
• Lower transaction fees.
• Enhanced security and reduced fraud risks.
• Access to a growing cryptocurrency user base.

If your business operates online, offering cryptocurrency as a payment option allows you to expand your business boundaries and increase your potential customer base.

5. How the Cryptocurrency Payment Process Works

Payment for services in cryptocurrency becomes possible only after a special cryptocurrency gateway is integrated into your website. This service enables you to accept cryptocurrency from your customers. The development of the gateway takes a few weeks, after which the code is implemented as an intermediary between the buyer and the recipient of the funds, i.e., you.

6. Multi-Currency Support

The ability to automatically convert one cryptocurrency into another.

7. Transfers

The ability to transfer cryptocurrency within the Sends.plus platform between Business users.

8. Transaction Tracking

The ability to monitor and control cryptocurrency transactions in real-time. Each transaction contains data such as the amount of cryptocurrency transferred, the wallet addresses of the sender and receiver, and information about the date and time of the transaction. Every transaction is assigned a unique identifier (TXID), which provides a hash of all operation data. Transactions and their statuses can be tracked using full node websites, wallets, or blockchain explorers..

9. Fraud Prevention

The ability to prevent fraudulent transactions through various security measures, such as 2FA, KYB, KYC, and AML.

10. Regulatory Compliance

The ability to comply with regulations and laws related to cryptocurrency transactions, such as KYB, KYC, and AML.

11. Customer Support

24/7 responsive customer support for any cryptocurrency payment-related inquiries, as resolving issues or disruptions during cryptocurrency transactions is a critical aspect of the entire crypto-acquiring process.