CoinGate

CoinGate is a payment gateway that allows customers to pay with Bitcoin ⚡, Litecoin, Ether and 70 other cryptocurrencies. Users can receive payouts in crypto as well as real-time settlements in Euros, safeguarding the merchant from crypto price volatility.

The automated gateway handles crypto payments every step of the way, from the creation of an invoice to confirmation of payment to customer support.


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INTEGRATION METHODS

It offers integration through:

• plugins for eCommerce platforms (WordPress, PrestaShop, OpenCart, WHMCS, and others)
• API
• payment buttons
• billing

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About the payment processing service:

• CoinGate charges 1% of the amount transacted of paid order, and there are no monthly registration or other fees.

• Users can choose to receive payouts in EUR, USD, or crypto.
  
  
• To use its services, merchants are required to pass verification.
  
  
• CoinGate currently offers plugins/modules for these eCommerce platforms: PrestaShop, Magento 1 and 2, OpenCart, WooCommerce, OsCommerce, ZenCart, WHMCS, and VirtueMart. Installation guides are available at https://coingate.com/plugins
  CoinGate updates its modules to be compatible with the latest versions of eCommerce platforms.
  
  
• Manually set the invoice expiration time up to 24 hours if they choose to keep the bitcoins earned. This is relevant for online businesses that deal with customers who use Web wallets, third-party services, or exchanges to make Bitcoin payments. Since, more often than not, such payments arrive much later than the standard 10-15 minutes that the invoice lasts, merchants must deal with late payments manually. The platform allows users to increase invoice expiration time from 15 minutes to a maximum of 24 hours.
  
  
• Customers can request a refund directly from the invoice. In addition, invoices allow customers to make payments in several transactions from different wallets. These are a couple of the measures taken to reduce the hassles Merchants face when dealing with unfulfilled orders, i.e., expired, partially paid, underpaid, and overpaid orders. Thus, now, if a customer accidentally pays too much or too little, it is no longer necessary for a merchant to spend time contacting the customer or requesting a refund - it is all on the invoice.
  
  
• Includes a way for merchants to automatically accept orders that are accidentally underpaid by covering the amount up to 10%. CoinGate recommends setting the threshold at 1-2%. The vendor states this has increased customer experience and conversion rates and has reduced the manual work merchants have to do. They further state that investigating why orders are occasionally underpaid led CoinGate to believe that, in most, this happens when customers make purchases by withdrawing money from exchanges or making payments from various 3rd party services and web wallets that deduct a fee from the transaction amount. Also, some services only allow making payments that are rounded down to 4-6 digits past the decimal point, leading to a number of payments that are insufficient by a few hundred satoshis.