Cryptocurrency

Overview
Cryptocurrency payments enable customers to make purchases using digital currencies such as USDT, and USDC. Our payment processing system allows businesses to accept crypto payments while providing automatic conversion to fiat currency, eliminating the complexity of blockchain management and volatility risks for merchants.

How Crypto Payments Work
The cryptocurrency payment process typically follows these steps:

Payment Initiation: When a customer selects cryptocurrency payment at checkout, our system generates a unique wallet address and displays the exact amount to be paid in the selected cryptocurrency.
QR Code Generation: The payment details are encoded in a QR code for easy scanning with mobile crypto wallets, along with the wallet address and payment amount.
Blockchain Transaction: The customer initiates the transfer from their crypto wallet to the provided address, broadcasting the transaction to the blockchain network.
Flexible Transaction Amount: In case the customer makes a transfer for a different amount our system adjusts the fiat amount to allow the normal flow of the transaction.
Payment Confirmation: Once the transaction receives sufficient blockchain confirmations, our system updates the payment status to "Approved" and notifies your business through webhooks and the merchant backoffice.

Integration Options
See our Integration Types section for more information.

Security Considerations

Each payment generates a unique wallet address to prevent transaction mixing and ensure accurate attribution.
Multi-signature security protocols protect against unauthorized access to funds.
Real-time blockchain monitoring detects and prevents double-spending attempts.
Payments expire after a predefined period to account for cryptocurrency price volatility.

Regional Considerations
Cryptocurrency availability and regulations vary significantly by region, with some countries having restrictions on digital currency usage.

Advantages of using PayRetailers for your crypto payments

We handle automatic fiat conversion to eliminate cryptocurrency volatility risks for merchants.
We provide real-time exchange rates and transparent conversion fees at checkout.
We offer comprehensive blockchain monitoring with instant notifications when payments are detected and confirmed.