A lot of people loved the concept of cryptocurrency when it first came on the scene, but many wondered about its practicality. In order for a new way to make digital payments to be successful, there has to be vendors accepting those payments. Fortunately, with the explosion of cryptocurrencies came a variety of merchant tools to help people spend them.

Integrated payment gateways act as the go-between crypto users and vendors. They allow a platform to convert various types of cryptocurrencies into fiat money like euros or American dollars. Creating this exchange opportunity allows for more traditional companies to accept payment in crypto coins like Bitcoin or Dash the same they would other types of currency.

Here are a few of the more widely noted payment gateways, and some of the services and merchant tools that they offer.

Cryptonator

Cryptonator supports the exchange of 11 cryptocurrencies for vendors and boasts over one million active accounts. They allow merchants to offer their clients a checkout option to pay in cryptocurrency. The merchants are charged a processing fee that is less than one percent, and can have the currency converted into dollars or euros before automatically being deposited into their bank accounts.

CoinPayments

Coinpayments support an impressive 1,380 types of cryptocurrencies on their platform. Their plugins for the most popular online shopping carts make it incredibly easy to start receiving payment in crypto. They also offer instant payment notifications, invoice builders, and a comprehensive range of other merchant tools that make it quick and convenient to set up your business to take cryptocurrency as payment.

CoinPayments also have the tools available to allow a vendor to accept point of sale (pos) payments. This can allow a client making a purchase in person to pay with over a thousand kinds of crypto coins. CoinPayments charge a minimal fee of 0.50 percent for these services.

B2BinPay

Some of the most common crypto and stable coins are supported by B2BinPay. To offer optimal security, B2BinPay converts the cryptocurrency that you receive in fiat money to be stored in a “cold” wallet, meaning that it is not connected to the internet (and therefore is more secure). A “warm wallet” is used when you want to withdraw funds from your account, one in which the security cryptology changes frequently to add additional security for your money.

CoinsBank

CoinsBank is another payment portal that allows you to connect your digital wallet to your actual debit card. This allows for the easy flow of money between sources, making it convenient to convert your cryptocurrency to euros or dollars. CoinsBank grants merchants flexible payout options that can be periodical or based on thresholds of money in your account.

It has never been easier to receive or spend cryptocurrency. Thanks to various merchant tools offered by integrated payment gateways, more and more businesses are allowing customers to pay in crypto. With such increasing ease of use, it will very likely be the way we all spend money in the future.