How to Accept Cryptocurrency Payments for Your Online Store (2024)

FAQs

How to Accept Cryptocurrency Payments for Your Online Store? ›

You can use a wallet for keeping the money you receive from customers and a payment gateway can exchange cryptocurrencies for fiat currencies. Gateways offer the flexibility for converting Bitcoin to any fiat currency albeit with a transaction fee.

There are two common ways to accept crypto as a merchant: through a crypto wallet or gateway. You can use a crypto wallet to accept directly from a customer's crypto wallet. However, the funds will remain in cryptocurrency form until you transfer them to a crypto exchange.

You can buy cryptocurrency with fiat money on cryptocurrency exchanges or apps. You send and receive payments using a cryptocurrency wallet. You can use any wallet compatible with the cryptocurrency and exchange you choose. A growing list of online retailers and brick-and-mortar stores accept cryptocurrency as payment.

If the retailer has chosen to receive payment in a cryptocurrency, the payment gateway provider will forward the funds to their wallet directly, minus fees. For fiat settlements, the crypto payment processor will convert the cryptocurrency and send the fiat funds to the merchant's bank account, minus their fees.

Prominent companies currently accepting Bitcoin include Subway, Burger King, ExpressVPN, and Newegg. Others like Amazon and Sony's Playstation Network allow Bitcoin holders to convert digital coins into gift cards, indirectly supporting crypto payments.

Can you accept crypto payments as a business? Yes! Including Bitcoin, Ethereum and stablecoins. Here's how you to grow business.

With PayPal you can:

Send and receive Crypto to and from eligible confirmed personal PayPal accounts in the U.S. and U.S. Territories (excluding Hawaii.) Buy, hold, and sell Crypto. Through checkout with Crypto you can sell Crypto and use the proceeds to pay for purchases through your PayPal account.

What is the easiest way to send and receive crypto? ›

Coinbase mobile app

You can select a contact, scan the recipient's QR code, or enter their email, phone number, crypto address, or ENS name. Select Continue. Enter the amount of crypto you'd like to send. You can toggle between the cash or crypto amounts.

Thousands of companies and stores accept cryptocurrency payments at checkout. Notable companies include Newegg.com, PacSun, JomaShop, Microsoft, and Dish TV. Don't worry if your favorite retailer or store doesn't accept crypto yet.

To withdraw money from crypto to your bank account, first, sell your cryptocurrency on a crypto exchange that supports fiat currency withdrawals (like Mudrex). Link your bank account to the exchange, initiate a withdrawal request, and the converted funds should arrive in your bank account within a few business days.

You can spend cryptocurrency directly with thousands of merchants, sign up for the BitPay Card to spend wherever Mastercard is accepted or buy gift cards in the BitPay app or extension. With BitPay you can spend crypto online, use crypto at stores and restaurants and pay bills or daily expenses.

Cryptocurrency debit cards are like prepaid credit cards. You can use them to make payments in person or online exactly like you would with any other credit card. You either enter your card details or swipe your card to make a payment, and merchants receive cash in their local currency.