CoinPayments is a payment processor that allows merchants to accept Bitcoin and hundreds of altcoins in their store through easy to use plugins, APIs and POS interfaces. ...
CoinPayments got its start back in 2013, when it became the first payment processor to support altcoins.
They provide PoS (point of sale) terminals to accept in-person payments while serving customers at offline stores.
CoinPayments: Features
CoinPayments, as the name suggests, is a proper payment tool and offers some cool features for payment processing. Here are some of those:
Multi-Coin Wallet:
You can manage more than 600 coins optionally in CoinPayments’ online wallet. However, it is not recommended for longer durations.
Point of Sale (PoS):
Use CoinPayments’ simple interface to accept in-person payment in your store or for your business.
Shopping Cart Plugins: CoinPayments offer plugins for all the popular web carts used today. Simply register and install a plugin to integrate CoinPayments with your new or pre-existing checkout sections. Check all plugins here.
GAP600 Instant Confirmations:
CoinPayments supports GAP600 instant confirmations against 60 minutes confirmations making Bitcoin payments faster than ever before.
Auto Coin Conversions:
For some coins CoinPayments support coin conversion from one coin to another, saving you time and fee.
Fiat Settlements: If you are a US or UK merchant then you can get fiat settlement directly to your linked bank accounts
Vault:
Secure your coins in a cold wallet by setting a time before spending them.
AirDrops: CoinPayments provides air drops of new coins and tokens to the users so that everyone benefits.
Mobile Apps:
In the mobile era, CoinPayments has mobile apps for both iOS and Android in place through which one can access their account, accept payments in person, and convert coins anywhere.
CoinPayments ICO Marketplace: It also provides an ICO hosting platform providing payment solutions for your upcoming ICO including escrow
$PayByName:
This is the coolest features, where you make your custom names and “pay by name”. It helps merchants in accepting all types of coins and fiat via this unique name. For example, CoinSutra will accept payments on $CoinSutra.
CoinPayments Fees
CoinPayments claims to be the cheapest service for crypto payments in the world. Here is their fee break-up:
Incoming Payments –
To Balance (funds go to CoinPayments Wallet) 0.50%
Incoming Payments –
ASAP/Nightly (funds are forwarded to external address) 0.50% + coin TX fee
Commercial Deposits (Callback Addresses created with our API) 0.50%
Apart from that, they charge a service fee for their wallet as per the chart below.
Personal Deposits (Addresses made on your wallet’s page or Deposit Addresses on our API)
First 30,000 USD equivalent monthly: FREE
After that: 0.50%
Conversions coin TX fee + conversion partner’s fees (if any)
Withdrawals coin TX fee
Note: TX is the transaction fee.
How To Use CoinPayments:
To get started on CoinPayments, you need to register using your email ID and name. Then confirm your mail ID and log in with your 2-FA authentication code.
This is how the first landing page after login will look like:
You can then navigate to the wallet section or make your $PayByName and explore other options for integration of your CoinPayments processor under ‘Merchant tool’ option:
CoinPayments Link:
https://www.coinpayments.net/index.php?ref=bb301beab4bade4a7b9b2167805d4aa2
