Crypto
Payment
Meet consumer demand and
unlock a $1 trillion market.
What are
crypto payments?
Enabling crypto payments allows your customers to pay for goods and services with crypto. Just as easy as a credit card – with a lower cost to your business. Businesses can choose to be settled in fiat or crypto, stable coins included, with no volatility risk. An innovative solution that mitigates high payment processing costs and FX rates.
HOW
DOES IT
WORK?
HOW DOES IT WORK?
All Benefits in One
Near Instantaneous
Transactions
99% Acceptance Rate
Zero Upfront or Monthly
Set-up Costs
Zero Chargebacks
No Rolling Reserves
Easy API Integration
USE CASE
Customer
- A customer chooses to pay using any cryptocurrency.
- The payment is initiated via a QR code or crypto wallet transaction.
The transaction is processed by the OnRamp Payment Processor, which also generates an invoice for record-keeping.
Merchant
- The merchant can receive payments in fiat currency (e.g., USD, EUR, THB) or as a stable cryptocurrency transfer.
- The funds are settled directly into the merchant’s bank account.
- The merchant receives real-time invoice details and transaction history through their dashboard.
- The customer also gets an invoice for their purchase.
FAQs: Crypto Payment
What is a crypto payment system?
A crypto payment system allows businesses to accept payments in cryptocurrencies like Bitcoin, Ethereum, or stablecoins from customers, either online or offline.
How does crypto payment work?
Customers make payments using their crypto wallets, which are processed by a payment gateway. The merchant can choose to receive the payment in crypto or fiat currency (e.g., USD, EUR, THB).
What cryptocurrencies can I accept?
You can accept popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and even custom tokens, depending on your setup.
How do I receive payments in fiat currency?
The payment system converts the customer’s cryptocurrency into fiat currency and deposits it into your bank account, ensuring no exposure to market volatility.
Is crypto payment secure?
Yes, crypto payments are highly secure, leveraging blockchain technology for transparency and encryption. Transactions cannot be altered or reversed, reducing fraud.
Do I need a crypto wallet to accept payments?
Not necessarily. The payment gateway can handle transactions and convert crypto into fiat for you. However, if you want to receive crypto directly, you’ll need a wallet.
Can customers use any crypto wallet?
Yes, customers can pay using any wallet that supports the cryptocurrency you’re accepting.
How do I integrate crypto payments into my website?
Integration is simple with APIs, plugins (e.g., WooCommerce), or direct gateways provided by payment processors. It works seamlessly with most e-commerce platforms.
What happens if the crypto value fluctuates during a transaction?
The system processes payments in real-time to lock in the value at the moment of the transaction, eliminating risks of volatility.
How long does it take for crypto payments to process?
Most payments are processed within minutes, though some networks may take longer depending on confirmation times.
Can I still issue refunds for crypto payments?
Yes, refunds can be issued manually by sending the same amount of cryptocurrency back to the customer’s wallet or as fiat, depending on your policy.
How do I get started with crypto payments?
Contact us to set up a crypto payment system tailored to your business. We’ll guide you through the process, from integration to settlement.
The crypto space is growing,
and so should your business!
Get started with OnRamp. Contact our experts for assistance with compliance and any questions.
