Cryptocurrencies have become a significant force in global finance, with payments emerging as one of their primary use cases. Today, many businesses enable customers to pay with crypto through trusted payment gateways like NOWPayments. This guide explains how to use cryptocurrency for purchases at merchants integrating NOWPayments’ solutions.
Key Takeaways:
- NOWPayments is a leading non-custodial crypto payment gateway.
- Payments are fast, private, and support 100+ cryptocurrencies.
- Businesses benefit from automatic conversions, low fees (0.5%), and custom solutions.
How Crypto Payments Work
Crypto payments leverage blockchain technology to transfer funds between wallets. When you pay with crypto:
- You send the payment amount to the merchant’s wallet address.
- For merchants using NOWPayments, funds are routed through NOWPayments’ address before reaching the seller.
👉 Discover how NOWPayments simplifies crypto transactions
Why Businesses Use NOWPayments
Overview
NOWPayments.io is a top-tier gateway offering:
- 100+ supported cryptocurrencies (e.g., Bitcoin, Ethereum, RACA).
- Fiat-to-crypto conversions and vice versa.
- Tools for eCommerce platforms, donations, and mass payouts.
Key Advantages
1. Non-Custodial Service
Funds are instantly transferred to merchants—no holding of customer assets.
2. Multi-Currency Support
Accept payments in niche tokens or major coins simultaneously.
3. Customizable Solutions
- Plugins for Shopify, WooCommerce, etc.
- POS terminals for physical stores.
- Tailored APIs for unique business needs.
Why Merchants Prefer Crypto Gateways
- Automated Pricing: Adjusts payment amounts based on real-time exchange rates.
- Flexible Payouts: Option to receive fiat or crypto.
- Low Fees: Only 0.5% per transaction (volume discounts available).
How to Pay with Crypto
Step-by-Step Guide
Set Up a Wallet
- Download a wallet like Guarda (Guarda Wallet).
- Generate a wallet address and secure your private keys.
Acquire Cryptocurrency
- Buy crypto via exchanges (e.g., Binance) or swap services.
Make a Payment
- Online Stores: Select NOWPayments at checkout, choose your crypto, and scan the QR code.
- Invoices: Transfer the specified amount to the merchant’s address.
FAQs
1. Is NOWPayments secure?
Yes, it’s non-custodial and processes payments instantly without storing funds.
2. What fees apply?
- 0.5% processing fee (lower for high-volume merchants).
- Blockchain network fees (paid by sender/receiver).
3. Can merchants convert crypto to fiat?
Absolutely! NOWPayments supports auto-conversion to 40+ fiat currencies.
4. Which cryptocurrencies are supported?
Over 100, including Bitcoin, Ethereum, and emerging tokens.
👉 Explore NOWPayments’ full crypto list
Final Thoughts
NOWPayments streamlines crypto transactions for both businesses and consumers, offering speed, privacy, and multi-currency flexibility. Whether you’re paying for goods or integrating payments into your store, crypto gateways simplify the process.
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