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What things to know before registering with NOWPayments

NOWPayments is really a cryptocurrency payment gateway that lets users accept payments in a lot more than 100 cryptocurrencies. It supports auto coin conversion, allowing merchants to simply accept their crypto of preference even if the client makes payment in a different one.

The gateway supports fiat conversion and contains a Mass Payout solution, a Twitch donation button, and customized solutions for casinos.

The platform gives usage of an individual account manager, lets customers receive instant payouts to an e-wallet or bank-account, offers 24/7 support, and is well known for a few of the lowest fees in the marketplace.

On the list of tools open to merchants are API, widgets, invoices, and plugins for WooCommerce, PrestaShop, Opencart, ZenCart, Magento 2, etc. Lastly, NOWPayments doesnt take custody of users funds.

How it operates

NOWPayments lets online marketplaces accept payments in crypto efficiently. It works such as this: industry sets the purchase price, lists a Bitcoin address, and receives payments without go-betweens. All payments made are visualized in a single table.

Each Bitcoin payment is from the specific customer and their purchase. Order and payment IDs streamline cashflow.

The merchant can easily see the sum of the money sent and when it corresponds to the initial price because each payment is mounted on a particular item in the store. They are able to track the payment under Status and obtain updates on the payments here.

Users of NOW may use a tool to obtain instant payment notifications should they integrate the API to produce a native-looking payment gateway. Theyre notified whenever a transaction has been completed.

The inbuilt crypto swap tool exchanges customers coins prior to the system reflects the payment in the merchants account.

Finally, the dashboard lists the amount of payments the merchant has received on a particular day, in confirmed month, and during the period of its existence.

Key features

NOWPayments is perhaps most obviously because of its capacity to create accepting crypto payments online effortless and easy. It is possible to integrate it into WooCommerce or other content management systems already used on your own website.

The platform employs a helpful support team, who accompany customers at every step of the setup process.

The crypto exchange feature makes it simple to manage numerous different cryptos. Users will not only accept a lot more than 100 different cryptos but additionally convert each one of these to an individual, preferred digital or fiat currency automatically.

Pros

Easy integration into existing operations and sites

Responsive customer care

An easy task to exchange crypto assets

Straightforward to simply accept crypto payments online

Will not take custody of user funds

Plugins designed for several CMS platforms

Cons

No mobile app

No support for point-of-sale (PoS) systems

Sandbox documentation could possibly be improved

Reasons to join up with NOWPayments

The business behind NOWPayments is ChangeNOW, which includes been mixed up in cryptocurrency space for several years and has never really had a security issue. NOWPayments has inherited this strong background. ChangeNOW has even helped people recover funds lost in incidents with crypto exchanges.

Users funds with NOWPayments are safe as the user is definitely in charge of them. Really the only risk is when assets are increasingly being exchanged. An individual controls the private keys with their crypto assets and must be more comfortable with the respective responsibility.

Why is NOWPayments unique?

NOWPayments is exclusive in the issues it solves with fiat exchange, crypto swapping, user funds control, etc. Lets look at how it can this.

More customers wish to be in a position to pay in crypto, however, many businesses accept fiat only. By giving a crypto-to-fiat option, NOWPayments helps them have more customers. NOWPayments selection of buttons and plugins and the intuitive API can benefit any organization that really wants to begin accepting cryptocurrencies.

Many businesses that already accept crypto is only going to take payment in the best ones, like Bitcoin or Ethereum. It’s rather a problem if the client really wants to pay in another crypto.

The cryptocurrency payment gateway helps businesses overcome this problem by giving automatic conversion. The client can pay within their crypto of preference, however the seller are certain to get the coin or token they initially required.

Finally, NOWPayments sticks out using its round-the-clock support. Each customer is assigned an individual account manager. The payment platform provides full assistance whatever the issue and integration support.

Summary

NOWPayments enables a straightforward but effective practice: owner sets the purchase price, lists a Bitcoin address, and receives direct payments. As a non-custodial service, it could not be considered a great option for users that are uncomfortable with the duty of holding their funds.

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