As businesses look for innovative ways to streamline their financial transactions and reduce costs, the demand for reliable and secure crypto payment processing solutions has been on the rise.
In this review, we’ll explore the benefits of CryptoProcessing by CoinsPaid, a leading cryptocurrency payment processor that boasts a comprehensive suite of features designed to meet the needs of modern businesses.
Experience of CryptoProcessing.com
CryptoProcessing by CoinsPaid has established itself as a trusted and reputable platform in the world of cryptocurrency payment processing.
With more than 9 years on the market as a product solution and operating as a brand since 2018, the company has garnered extensive experience in the industry. Being a licensed and regulated company in Europe, CryptoProcessing.com adheres to strict legal and regulatory guidelines that instill trust in its clients.
The company’s global presence is impressive, with over 200 employees spread across 15 countries. This extensive workforce allows CryptoProcessing.com to provide exceptional support and services to its clients worldwide.
To date, the team has processed more than 41 million transactions worth 23 billion euros across all clusters, showcasing its ability to handle high volumes of transactions efficiently.
In 2022 alone, CryptoProcessing.com processed over 1 billion EUR per month, making it the fastest-growing ecosystem in the world with more than 3x annual growth since 2019.
The platform’s outstanding performance has earned it the title of No. 1 in the world in terms of transaction volume. Moreover, 8% of all on-chain bitcoin transactions are processed by CryptoProcessing.com, further solidifying its position as a market leader.
More than 800 businesses with an estimated 7 million end users rely on CryptoProcessing.com for their crypto payment processing needs. This extensive client base is a testament to the platform’s effectiveness, reliability, and user-friendliness.
Benefits of CryptoProcessing.com
- Lower Commissions
CryptoProcessing by CoinsPaid offers the most competitive commission rates compared to other major processors. With transparent fees and no hidden charges, businesses can save up to 80% on transaction costs. Moreover, the platform eliminates the need for refunds and frozen funds, allowing businesses to maintain greater control over their finances.
- Instant transactions
One of the standout features of CryptoProcessing.com is its instant transaction processing capabilities. Unlike traditional banking institutions, which operate in limiting working hours and may take 3-5 business days to process a transaction, payments in cryptocurrencies are finalised within a minute.
This is especially vital in domain like eCommerce and iGaming, where the speed of crediting funds can significantly impact user loyalty. Companies can prevent losses caused by the volatility of cryptocurrencies by offering rapid swaps for a variety of conventional currencies.
- Crypto Compliance + Risk management
CryptoProcessing.com checks for suspicious behaviour using two distinct systems, Crystal and ScoreChain, to safeguard its customers from potentially hazardous transactions.
This dual-layer approach ensures maximum coverage and helps businesses avoid potential fines or loss of licenses due to illegal money circulation.
- Accelerated transfer of fiat money
Via the international payment systems SEPA (Europe) and SWIFT (America), CryptoProcessing.com automates the process of sending fiat money to clients’ bank accounts. Due to this, companies can receive their payments up to two days quicker than they might through other payment processors like PayPal.
The platform support over 40 fiat currencies, including EUR and USD.
- Many digital currencies are accepted.
Businesses can use CryptoProcessing.com to accept more than 20 cryptocurrencies, which make up 99.9% of all cryptocurrency payments.
By offering a ready-made solution for interacting with cryptocurrencies, businesses can save time and resources by consolidating all their crypto-related transactions in one place.
- Simplified registration and deposit/withdrawal process
With its user-friendly Plug and Pay feature, CryptoProcessing.com simplifies the registration process and allows users to easily deposit and withdraw cryptocurrencies.
By streamlining these processes, businesses can increase conversions at the initial stages of the user funnel, leading to a higher Lifetime Value (LTV) and lower user churn (CR). Furthermore, the automatic account replenishment feature boosts user loyalty and increases profitability per client (ARPU).
- Security and reliability
CryptoProcessing.com takes security very seriously. In 2022, 10Guards and Hacken have carried out extensive testing of the platform, further assuring clients that their payments and finances are secure.
- European Cryptocurrency License
CoinsPaid holds a cryptocurrency license obtained in Estonia, which is sufficient for most countries. This license ensures that the platform is fully legally entitled to store and provide services for the storage, exchange, and transfer of cryptocurrency.
Discover more about the Estonian cryptocurrency license here.
- The Official Market leader
With approximately 500,000 bitcoin operations processed each month (8% of all bitcoin on-chain operations), CryptoProcessing.com is the industry leader when it comes to of volume of transactions, as was already established.
This level of trust from clients, including competitors, showcases the platform’s reliability and effectiveness in handling cryptocurrency payments.
- Automatic user payments
Prospective customers can complete the verification of identity process just once with the use of CryptoProcessing.com’s Plug and Pay tool, which then grants them entry to all the partner’s websites without the need to register again.
In addition to streamlining the user experience, this guarantees that transfers and payments proceed immediately, raising user satisfaction levels overall.
Comparison Examples
To illustrate the benefits of CryptoProcessing.com further, let’s compare it to two other popular crypto payment processors:
- BitPay: While BitPay is a well-known cryptocurrency payment processor, it charges higher fees than CryptoProcessing.com and does not offer instant exchanges for various fiat currencies. Additionally, BitPay supports a more limited range of cryptocurrencies, which could be a drawback for businesses looking to accept a wide array of digital currencies.
- CoinGate: CoinGate is another popular option for businesses looking to accept cryptocurrency payments. However, like BitPay, CoinGate charges higher fees than CryptoProcessing.com and lacks the instant exchange feature for fiat currencies. Moreover, CoinGate does not offer the same level of security assurance as CryptoProcessing.com, which has undergone multiple security audits from reputable organizations.
Final Thoughts
CryptoProcessing by CoinsPaid has established itself as the go-to solution for businesses looking to accept cryptocurrency payments.
Its extensive range of features, competitive fees, and impressive track record make it an ideal choice for businesses seeking to capitalize on the growing popularity of cryptocurrencies. As the platform continues to expand its offerings and improve its services, CryptoProcessing.com is poised to solidify its position as the best crypto payment processor in the market.
To learn more about CryptoProcessing.com and its features, visit their official website here.