Guide On White-Label Crypto Payment Gateway

Businesses adapt to new realities and often offer their customers cryptocurrencies as a payment method. That is when the white-label crypto payment gateway becomes handy. It is efficient and provides plenty of benefits for businesses. Given its convenience and practicality, we could not avoid creating a detailed guide on crypto payment solutions.

Continue reading to learn about a white-label cryptocurrency payment gateway, its advantages, and how it provides top-notch payment processing for businesses. Furthermore, our experts have reviewed the top five gateways that you might choose without second thoughts.

What Is A White-label Crypto Payment Gateway?

White-label crypto payment is an innovative financial solution for businesses. It allows them to save effort and time on building their own crypto payment service, as developers have already considered everything and offer a ready product.

Basically, this is a payment solution developed by a third-party provider offered for integration into any business that wants to provide payment services to its clients. A clear benefit of this option is that you do not need to handle all the maintenance and technical aspects. There is a dedicated team that will take care of this, while your clients will be able to use crypto payments.

What Is A Crypto Payment Gateway?

A cryptocurrency payment gateway is any solution that allows you to accept digital currency payments. Those can be white labels or not, but the mechanism of their work is quite the same. In the case of crypto, blockchain technology is used for payment processing, making such transactions more safe and secure for both the business and its customers. Furthermore, crypto payment gateways provide more efficient and cheaper payment solutions.

The Benefits Of Using A White-label Crypto Payment Gateway

If you plan to offer Bitcoin payments, as well as payments in other tokens, white-label cryptocurrency payment gateway is the perfect option. However, if you are still hesitant about whether this option is suitable for you, the list of benefits described below might allow you to get rid of the hesitations. It can also ensure you make the right choice by selecting one of the white-label crypto payment processors overviewed in this article.

Cost-effectiveness

Choosing a white-label crypto payment gateway is one way to offer payments in digital currencies while ensuring that you do not spend extra. Having a ready-made solution allows you to save money on the research, development, and testing stages. Thus, you only pay for using the software and its maintenance by experts. Therefore, it is a perfect option for medium and small businesses that can affordably offer innovative payment processing.

Brand Customization

If you are worried that using a white-label payment solution will make your business less unique since other companies also use it, do not be. Companies that supply such gateways offer multiple customization options. You can integrate your logo and use your brand color palette. Moreover, the software can be adjusted to match the user interface on your website, so customers will have an enjoyable experience with payments and will never guess that the gateway was not developed specifically for your business.

Competitive Transaction Fees

Competitive transaction fees are another benefit your business receives if you choose a white-label cryptocurrency payment processor instead of developing this financial solution from scratch. It would undoubtedly be cheaper for your customers because crypto fees are lower than those for fiat.

Enhanced Security

Another reason why to use crypto payment gateway is the higher security compared to traditional payment services. Such solutions offer 2FA, which gives customers an extra layer of security. Furthermore, enhanced security is provided with the help of blockchain technology and the way it functions. This lowers the risks that fraudsters and scammers would be interested in attacking your business, so it will be more attractive to customers.

Immediate Fund Access

White-label crypto payments provide immediate access to the funds, which is another essential advantage of this service. Moreover, customers have full control of their funds and crypto wallets. Technical issues and maintenance are also not as common as those with fiat solutions, so the overall customer experience is enhanced.

Market Expansion

Your business will be more accessible to customers from different markets, and you will have one universal solution for all countries. Therefore, you will not be country-limited, as it is with fiat payment options that are available in some markets and restricted in others. Additionally, the list of jurisdictions that allow crypto payments expands every year, so you have a chance to steadily expand your database of customers.

Innovation And Reputation

Even though white-label cryptocurrency payment gateway is a relatively new option, it already has an excellent reputation and trust among customers. As a result, the fact that you have crypto payments among financial solutions boosts your reputation and positions your business as innovative and modern. This might seem to be a small advantage, but it certainly pays off in the long run.

How Does A White-Label Cryptocurrency Payment Processor Work?

Now that you know the reasons why white-label crypto payment might be a good option for your business, it is high time to take a look at a more technical side of it and explore how it actually works. There are six main steps that you should be aware of. We will cover all of them to give you a complete picture of how white-label cryptocurrency payment processors work. This will certainly help you to understand how they should be integrated into your business.

System Setup

You will face a system setup stage as soon as you find a suitable provider and decide to use its solution. That is when white-label crypto payment gateway development is still being processed. The team behind the solution makes technical adjustments to ensure smooth integration into your business. Little is required from your side at this stage, but it might be a good idea to make some suggestions about what your requirements and needs are. That is the time to decide if you would like to have Bitcoin, Litecoin, Ethereum integration and whether you would need some additional services that might not be included in the standard list: e.g. fiat currency conversion, crypto exchange etc.

Payment Connector Selection

At this stage, the company that provides white-label crypto payment solutions integrates the payment connector that your business needs. You can choose the default option but it would be good to customize it considering your target markets and preferences of customers.

Team Training

This step and its organization are fully on you. As the white-label cryptocurrency payment gateway is an innovation, some or all employees might not be familiar with it. It would be good to have special training for your team to ensure every employee is confident at using it when the product goes live. Depending on the expertise of your team, those can be basic or advanced training.

Customization

That is the final stage when the company that provides the white-label solution ensures that the gateway is fully customized to the needs of your business. Of course, each company, regardless of its size, is unique, so the crypto payment solution should be well-customized. Ideally, you, as a business, should demand that the software fully matches your brand.

Merchant Integration

That is not only your team that should be confident at using white-label crypto payment gateway but the merchants you cooperate with as well. Merchant accounts should be integrated into the system beforehand. We also recommend doing the test of merchant services before going live to ensure that the software works smoothly. This allows your business to avoid reputational losses in case of some issues with payments that customers may experience soon after the launch.

Billing Setting Adjustment

Make sure to make the correct billing setting before going live. Automated billing makes the life of your clients much easier and your business more efficient. Luckily, the best white-label cryptocurrency payment processors have a wide range of billing adjustments to offer to customers, so crypto invoicing and payments can be speedy and highly convenient for all the parties.

Going Live

As soon as white-label crypto payment gateway development is completed and all the abovementioned stages are finished, it is time to launch the crypto payment solution and start using it for your business needs. If you choose a professional software provider and all the adjustments are made correctly, the official launch will go smoothly, and your customers will be fully satisfied with their additional options.

The Best Rated White-Label Cryptocurrency Payment Gateways

Finally, we have come to the most crucial part of this article, as finding a white-label cryptocurrency payment processor that is professional in the industry is half of success. This is also a guarantee that the usage of crypto payments by your clients will be highly successful. Below, you can find an overview of five highly reputable and trustworthy companies in this field.

FCF Pay

Year of Establishment: 2022

Location: Dubai

Key Features: over 80 cryptocurrencies accepted, extremely low fees, high flexibility in customization

FCF Pay is a relatively new white-label crypto gateway provider, but it has already shown its expertise and professionalism in the field. It works with both small and large businesses and ensures they receive highly customized solutions that meet their needs. It is certainly a perfect option for you if your business is oriented at customers worldwide and they would like to accept payments in multiple currencies. If your organization's payments exceed $50,000, you can also benefit from extremely high fees of only 0.05%.

Cpay

Year of Establishment: 2000

Location: US

Key Features: intuitive interface, excellent security, easy customization

CPay is an excellent choice if you are searching for an experienced company that provides top-notch crypto payment solutions with high level of security and customization. It can adjust the software to ensure that your business has Know Your Customer (KYC) integrated and peer-to-peer transactions, among other popular features that are required in the modern merchant world. The choice of currencies is slightly limited, but all the popular ones are supported, so your business will offer flexibility to customers in this aspect.

CoinsPaid

Year of Establishment: 2014

Location: Estonia

Key Features: works with fiat and crypto, high securing measures, integration affording to high standards

An experienced company that combines traditional payment services and cryptocurrencies, catering to companies that would like to combine traditional and innovative payment solutions. CoinsPaid supports over 50 cryptocurrencies and boasts affordable fees. The integration might take up to a month which is slightly longer than in competitive companies. Still, this time is taken to ensure that your business will meet all compliance regulations and anti-money laundering policies.

Cryptomus

Year of Establishment: 2022

Location: Lithuania

Key Features: low commission, efficient customer support, enhanced security

Cryptomus is a multifunctional platform that offers a wide range of services related to crypto, and white-label crypto payment gateway is one of them. All major currencies are accepted here, so you will be able to offer payment diversity to your customers.Moreover, the team has a high customization focus and security measures so that software is adjusted to the needs of your business and your clients’ funds are well-protected.

Billbitcoins / Hashcash Consultants

Year of Establishment: 2016

Location: US

Key Features: high reliability, 24/7 customer service, efficient payment processing

This company does not focus on the white-label cryptocurrency payment gateway development alone but provides a wide range of other innovative solutions, including AI, blockchain, and big data. Nonetheless, payment gateways are at the core of its services, and the company is well-known for their high customization. At the same time, the choice of supported cryptocurrencies is slightly limited, so pick this brand if you plan to integrate only the most popular tokens.

Final Thoughts

A white-label cryptocurrency payment gateway is a perfect option for a small business that does not want to spend additional costs on developing a payment gateway. Thus, it can use a cost-effective solution offered by professionals in the fintech world. Any of the reviewed companies would provide your business with a top-notch solution for crypto payment processing, so you can choose any of them without second thoughts.

FAQ