More and more businesses are now accepting cryptocurrency or are considering it to capitalize on the growing trend or contribute to the growth of this new payment option.
How to integrate a Crypto payment gateway in Nigeria
According to the most recent industry research projections, the global bitcoin payment industry will be worth 630 million US dollars by 2025, doubling at a 23.4 per cent annual rate between 2020 and 2025.
Furthermore, many individuals are opting for crypto payments as a way to pay for goods and services since it is a feasible transaction option for everyone, including those without a bank account.
In the near future, the entire world will be leaning toward crypto payments, making it easy for everyone to make quick transfers using crypto payment gateways without going through conventional banking institutions.
If you own a Nigerian e-commerce website, providing a solid, dependable, secure, and seamless online purchasing experience is critical for retaining, engaging, and satisfying your customers. This begins with integrating into a payment gateway in Nigeria.
What is a Crypto Payment Gateway?
A crypto payment gateway is a technology that approves, validates and transmits every crypto transaction initiated by a customer to the merchant.
Users can choose one of the three payment methods in the image and pay with the six cryptocurrencies listed.
How to accept digital currencies through a Payment Gateway
It's pretty straightforward…
The easiest approach to accept digital currencies in your business is to use a crypto payment gateway. The gateway makes it easier to add cryptocurrencies to your supported payment methods, with or without a website.
So, how exactly does it work?
- When merchants sign up for a payment gateway, they are given a wallet or link to their existing wallet if they already have one.
- After registering their e-commerce website, merchants need to install a payment gateway plugin to make crypto an acceptable payment option with their existing e-commerce platform.
- For in-person (direct) transactions, businesses need to choose the most efficient gateway to connect with their Point-Of-Sale (POS) platforms.
The ideal crypto payment gateway provides, among other things, dependability, security, speed, and low transaction fees. Furthermore, a robust platform gives businesses sufficient control over handling payments regardless of where the consumers are located.
Remitano Pay offers all of these and more.
What is Remitano Pay?
Remitano Pay is a simple solution that allows users to pay for goods and services with crypto without changing them to fiat money.
Remitano Pay enables businesses to accept cryptocurrency payments from their customers in a simplified, efficient, and safe way. This payment mechanism is intended to make local and cross-border transactions easier for businesses. It is a viable option for both individuals and businesses of all sizes.
Remitano allows you to send money from Nigeria to different parts of the world and vice versa in real-time using any of the six cryptocurrencies: Bitcoin, Ethereum, Tether, Ripple, Litecoin, and Bitcoin Cash.
Watch this short video to get a better understanding of how the Remitano Payment Gateway works.
How to Integrate the Remitano Crypto Payment Gateway in 5 Minutes
Presently, there are three main methods to incorporate the Remitano crypto payment gateway into your website.
1. Become a Remitano merchant
The first step is to set up a Remitano merchant account. This takes a matter of minutes.
Next, fill out the form with your information and then click the "Register" option.
To accelerate the approval process, you'll need to provide enough information about your business. Following that, your information will be confirmed within 1 to 3 working days. The outcome will be communicated through email.
2. Integration mechanism
After verifying your data, you can connect with Remitano Payment Gateway using one of the three options enumerated below.
If you are already using a supported CMS or e-commerce system, utilizing Remitano's plugins won’t be a hassle. Remitano currently offers plugins for Woocommerce, WordPress, Opencart, and aMember Pro. You can get detailed instructions on how to integrate by clicking the links. Shopify plugins will be available soon on the platform.
You can directly integrate Crypto Payment Gateway plugins into your CMS or e-commerce system by following the three easy steps:
Step 1: Download and install the Remitano Payment Gateway plugin
Step 2: Obtain the API Key and Secret
Step 3: Integrate the Remitano Payment Gateway with your eCommerce system
If your CMS isn't listed, don't hesitate to contact the well functioning support team at firstname.lastname@example.org.
Embedded payment buttons
Embedded payment buttons enable you to accept cryptocurrency on your website with little coding. All you have to do is copy the embedded snippet in this URL, change the data properties to your preference, and embed it on your website. With this type of integration, you can also accept fiat money instead of coins. Visit this page for additional information on how to utilize integrated payment buttons.
Use the Remitano Payment Gateway API
Using the Remitano Payment Gateway API to generate a charge rapidly is one method of receiving payment from your client. A generated charge usually has a remitanopaymenturl, so all you need to do is refer your clients to that URL, and they will make payment into your Remitano account using one of the money methods provided by the platform, which includes purchasing a coin with fiat, using Remitano coin wallet, or depositing the coin.
If a charge is rejected or finalized, Remitano automatically redirects the user to a pre-configured callback URL (GET request) and sends a callback to the pre-configured callback URL (POST request), so you can use the API to get up-to-date information. After obtaining payments from your customers, you can collect your balance as a regular user or through the Remitano Payment Gateway API. Get more information on Remitano libraries and the merchant section of the API explorer.
What distinguishes Remitano Pay from other platforms?
The Remitano Crypto Payment Gateway was developed by a group of seasoned cryptocurrency experts. It distinguishes itself from competitors by offering unique services and features to merchants and customers. If you're still on the fence about accepting crypto payments, there are numerous perks! More information can be found here.
In this post, we'd like to highlight a few of the numerous benefits of integrating Remitano Pay::
- Costs are kept to a bare minimum of 0%: It enables customers to securely pay for products and services with cryptocurrency without incurring any transaction or service fees.
- Online support is available 24 hours a day, seven days a week: To provide a pleasant experience for both vendors and customers.
- Transfers are completed as soon as possible: Remitano Pay's efficiency and speed are two advantages it has over its competitors. Customers can make instant cryptocurrency transfers, and merchants can receive payment almost immediately.
- Simple KYC (Know-Your-Customer) procedures: Merchants only need to fill out a simple form; no complicated paperwork or procedures are required.
- Maximum benefits: When a new customer registers a new Remitano account, they will be recorded as the referrals of their merchants, and the Merchant will receive a lifetime referral commission of 40% of the P2P buying transaction fee from the referral program.
Crypto payment gateways are here to stay and enable more streamlined business operations. Businesses that integrate them into their payment process will continue to attract much attention from crypto enthusiasts.
Integrate Remitano crypto payment gateway and start enjoying seamless, fast and secure transactions.
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