Crypto Wallet

CoinGate

About CoinGate:

Jonas Gilys, Dmitrijus Borisenka, Irmantas Baciulis founded the CoinGate company in 2014 with its headquarters in Vilnius, Lithuania.

It provides a terrific platform for software solutions, which gives extremely feasible way for online businesses as well as retail shops to develop the transaction with the digital currency Bitcoin.

It offers integrations with e-commerce shopping carts, a strong and utterly customizable API, payment buttons for those hunting simplicity, and retail POS apps for iOS and Android.

Literally, it would be a hassle to accept Bitcoin with CoinGate, because they offer business an option to get paid in Euros or U.S. Dollars, instead of having to deal with Bitcoins.

Essentially, they eliminate all kind of risk that is associated with Bitcoin- market rate volatility, and spending bitcoin more than one.

Users can be able to buy Bitcoins from CoinGate by utilizing bank transfer. Likewise, credit and debit cards, and mobile balance, or sell their Bitcoin to CoinGate.

The processing fee is minimal that is 1% of the Bitcoin orders. For example, your customer’s pays 100 EUR worth of Bitcoins for any product in your shop. Then you receive 99 EUR directly to your bank account.

Payment Processing

Following steps educate how you can accept Bitcoin Payment on any store.

Step 1

Suppose, you wish to sell a product or service in your store and you decide price of that product or service in a currency of your choice (for example 10€).

 

Step 2

The company determines how much Bitcoins it is worth. Therefore, by choosing the suitable price from different Bitcoin exchanges.

 

Step 3

Your customer pays with Bitcoins and Altcoins.

Step 4

At last, you receive 9.90 € (10 €-1% processing fee).

Integration

  1. Bitcoin Point of Sale App

From your Android and iOS mobile device, you can accept Bitcoin payment, which is most useful for businesses. Therefore, this can be done with the help of Bitcoin Point of Sale App installed on your mobile devices. It is also accessed from any device with internet connectivity directly in a web browser.

  1. E-commerce plugins

E-commerce shopping cart platform allows you to incorporate Bitcoin payments    smoothly into your active online store

  • WooCommerce CoinGate Plugin

            This plugin allows you to accept the Bitcoin and Altcoin on your WooCommerce store.

 

 

Read the plugin installation instruction given below link:

            Link: https://coingate.com/plugins/woocommerce

  • Magento CoinGate Plugin

            Magento CoinGate Plugin offers you to accept Bitcoin and Altcoin.

Read the plugin installation instruction given below link

Link: https://coingate.com/plugins/magento

  • OpenCart CoinGate Plugin

            Obtain Bitcoin and Altcoin on your OpenCart CoinGate Plugin

For detail module instruction click the below link:

Link: https://coingate.com/plugins/opencart

  • PrestaShop CoinGate Plugin

            PrestaShop CoinGate Plugin provides space to allow the Bitcoin and Altcoin.

Below link drives you to the installation instruction:

Link: https://coingate.com/plugins/prestashop

  • Magento2 CoinGate Plugin

For more details you can tap below link:

Link: https://coingate.com/plugins/magento2

  • osCommerce CoinGate Plugin

You can sign up for a CoinGate account at https://coingate.com for production and https://sadbox.coingate.com for a testing environment.

For more details about the installation tap the below link:

            Link: https://coingate.com/plugins/oscommerce

  •  VirtueMart CoinGate Plugin

This plugin accepts Bitcoin as well as Altcoin on your VirtueMart store.

Get more information of the module installation instruction by below link:

            Link: https://coingate.com/plugins/virtuemart

  • WHMCS CoinGate Plugin

Thus, this plugin accepts Bitcoin and Altcoin on your WHMCS store.

Get more information of the module installation instruction by below link:

            Link: https://coingate.com/plugins/whmcs

  • ZenCart CoinGate Plugin

You can register for a CoinGate account at https://coingate.com for production and https://sandbox:coingate.com for a testing environment.

For further detail click the link given below:

Link: https://coingate.com/plugins/zencart

  •  Bitcoin Payment API

CoinGate Payment API provides you to integrate as well as accept payments on any online store with more customization.

Further, Read more about the Bitcoin Payment API:

Link: https://developer.coingate.com

Benefits of Accepting Bitcoin Payments

  • Inevitable Payments

Since it is inevitable by design for the Bitcoin Payment. This means that you can able to receive payments from any country. However, it is assured that the money you obtained will not be charged.

  • Customer Privacy

Bitcoin payments build confidence among person while payment, so there is not essential to collect private information about your customers to accept their payments.

  • Lower Fees

CoinGate allows you to accept payment for 1% from the transaction compared to other credit card company generally charges up to 3% of the transaction amount, and even they include an additional charge.

  • Additional Customers

Companies accepting Bitcoin Payments are backing to the people who are making a transaction of digital currency Bitcoin. However, this tends to appeal new customers and to boost your sales.

Withdrawal Platforms

  • SEPA

 However, this method is used to withdraw EUR. Your bank may collect fees for receiving payments. Henceforth, for   more knowledge about fees, you can contact banks

  • International bank

You can withdraw EUR and USD through this platform. However, only thing is you have to pay all transaction fees.

  • MoneyPolo

1% of transaction fee will be charged for withdrawal amount. Therefore, using this method you can withdraw EUR                        and USD.

  • PayPal

 You have to pay all the transaction fees for withdrawal amount. Thus, you can withdraw EUR and USD using this method.

  • Bitcoin

You can withdraw BTC using this method and the company will pay the Bitcoin network transaction fee.

Bitcoin Payment Buttons

Hence, this will allow you to accept donations and different payments in Bitcoin and Altcoin

Button Types

  • Fixed Price

It has a fixed certain amount which must be paid when the button is tapped.

 

  • Slider

This will display minimum and maximum amounts. When the button is tapped, there is a   slider which provides the user to choose the required amount they want to pay.

List

It will display several amounts as shown in the screenshot. The user can choose the amount they want to pay from the list when the button is clicked.

Referral System

You can receive 1% of the fees when traders will sign up using your link. Hence, no verification is essential to create referral links.

Security

  • More importantly, all the Bitcoins are stored in the Cold Storage.
  • They create the withdrawal immediately as well as operate it within 24 hours after obtaining the payment for the exchange of Bitcoins
  • Using Google Authenticator, you can secure your account with 2FA.
  • All the documents uploaded will be coded in an encrypted format.

Fix your prices in currencies

You have rights to fix the prices of your products as well as services in the appropriate currencies.

Remember, you can receive payouts only in Euros, US Dollars, and Bitcoin. However, if the prices are of different currency then it will be converted to Euros or US Dollars.

Hence, this is possible only comparing the table required for conversion of currencies provided in below link.

Link: https://coingate.com/currencies

Contact:

E-mail: info@coingate.com

Support: support@coingate.com

Phone number: +442037699938

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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