Accept Stablecoin Payments with Reliable Gateway

As the cryptocurrency world is developing rapidly, more and more innovations are reaching enthusiasts and experienced traders. In this article, we’ll talk about one of the most widely spread and popular types of crypto—stablecoins—which have become more than just digital money due to their unique features.

What Are Stablecoins?

[Stablecoins]https://cryptomus.com/blog/what-is-a-stablecoin-and-how-does-it-work) are a specific type of crypto that is directly tied to fiat, commodity, or other crypto assets with a comparable value. The main characteristics that differ the stablecoins from other tokens is their absolute resistance to volatility.

The most common peg that empowers stablecoins is the US dollar. So, the USD-pegged USDT and USDC stablecoins are the most well-liked and popular ones in the crypto market. USDT has established itself as an absolute leader: almost 95% stablecoin transactions are made using this token so its presence on the market is unbeatable.

How Does a Stablecoin Payment Gateway Work?

A stablecoin payment gateway is a specific cryptocurrency platform that allows businesses to accept and process payments with different types of stablecoins. It functions as a bridge between traditional financial systems and blockchain-based currencies. It integrates directly with websites or e-commerce platforms alongside the fiat currencies and allows merchants to decide which assets they want to support. When a customer pays, the gateway generates a unique wallet address or QR code for the transaction. It monitors the blockchain for confirmations and verifies that the correct amount has been received. Some gateways also offer automatic conversion of stablecoins into fiat, helping merchants eliminate volatility risks and ensuring a smooth, familiar payment experience.

Should You Accept Stablecoin Payments?

Stablecoins act as a more popular payment method compared with other digital assets. Businesses of various niches don’t bypass this unique type of crypto and more actively incorporate stablecoins in their payment selection.

Actually, implementing stablecoins as a payment provides customers and businesses themselves with several vital benefits, as mentioned below:

• Worldwide acceptance. Stablecoins erase the borders between countries as well as between tech-savvy crypto experts and regular people who just want to buy something online. You only need Internet access to make transactions.

• Global access. Stablecoins payments will broaden your customer base as payments are made easily online. Moreover, cryptocurrencies become possible for those who live in jurisdictions where banks are not easily accessible and the economics are unstable.

• Efficient and cheap. Faster and cheaper crypto transactions save your and your client's time, making the payment process more cost-effective and less time-consuming. For comparison: traditional international bank transfers often take 1–3 business days, and the fees can be as high as 3–7%. Stablecoins work differently: transactions usually take from seconds to minutes, and the fees amount to fractions of a cent, regardless of the transfer amount.

• Volatility shield. As stablecoins stay pegged to a real-world asset, they protect your money from price swings usual for the crypto market. Even if you prefer working with Bitcoin or any altcoins, converting to stablecoins maintains your earnings.

• Following trends. Accepting stablecoins may greatly attract people who prefer using digital currencies over traditional ones. It will position your business as innovative and responsive to the market needs and trends.

How to Start Accepting Stablecoin Payments?

If you have decided to start accepting payments in stablecoins, then it’s definitely the right choice! To accept them efficiently, you need to follow these simple steps:

1. Choose a reliable crypto platform that supports working with stablecoins, particularly the certain one you would like to work with;

2. Register on the platform of your choice, pass the KYC procedure, and enable 2FA to protect yourself and your funds as well;

3. Get your crypto wallet address and share it with people who want to send you coins. You may also generate a QR code leading directly to your wallet address;

4. If you want to accept payments as a business, you can also integrate crypto payment gateways into your own website or store to accept mass stablecoin payments from customers;

When choosing the right wallet provider or payment gateway, it’s worth paying attention to the proven and popular options that are used by most crypto investors and regular crypto enthusiasts. For example, you can easily accept USDT or USDC with Cryptomus. All that you need to do is described below.

Accepting Payments Through the Personal Wallet

Step 1. First of all, sign up for an account on Cryptomus, if you don’t have one yet. You can choose any suitable method of registration: using a phone number, email, or doing it directly via Telegram, Apple ID, Facebook, or by linking an account to your Tonkeeper wallet.

Step 2. After registering, go to your Overview page, where you’ll find all your available wallets: personal, business, and P2P. To accept payments directly, you will definitely need your personal wallet to be ready.

Step 3. To access your personal wallet, it’s necessary to pass the KYC (Know Your Customer) procedure. To do this, click on your profile icon and select the Settings section.

For this, find the KYC Verification tab and complete the verification according to the steps indicated on the page. Once verification is completed, you will receive a green check mark.

Step 4. When you’ve passed KYC, click on the “Personal” section above your passed verification, and you will see the menu where you should select “Recieve”. Fill in all the necessary info (cryptocurrency, network and the type of receive), find your stablecoin wallet address, and share it with a client who wants to send you the payment. Then, wait for the funds to be credited to your Cryptomus wallet.

Accepting Payments As a Business

You can integrate stablecoin payments into your website or a Telegram bot. Let's look at a step-by-step guide on how to do it

Step 1. First of all, sign up for an account on Cryptomus, if you don’t have one yet. You can choose any suitable method of registration: using a phone number, email, or doing it directly via Telegram, Apple ID, Facebook, or by linking an account to your Tonkeeper wallet.

Step 2. After registering, go to your Overview page, where you’ll find all your available wallets: personal, business, and P2P. For setting up a payment gateway, you need a merchant account to be ready.

Step 3. To access your merchant account, it’s necessary to pass the KYC (Know Your Customer) procedure. To do this, click on your profile icon and select the Settings section.

For this, find the KYC Verification tab and complete the verification according to the steps indicated on the page. Once verification is completed, you will receive a green check mark.

Step 4. When you’ve passed KYC, it’s time to get to the point! Click on the “Business” section above your passed verification, and you will see the menu where you should select “Merchants”.

Here you need to create your first or new merchant account. Click on “+ Create merchant”, enter the name, and click on “Create”.

Step 5. Click on your newly registered merchant and find the “Merchant Settings” button.

On this page, you confirm your ownership of the website or Telegram bot so the system is sure you have the rights to interfere with it. Select the needed item and enter the URL of your website or telegram bot respectively. Then create a project name and click "Submit".

Step 6. Add the received code to the site/bot description and wait for moderation to confirm ownership. After moderation is complete, you will be able to copy the API key and add it to the settings of your merchant.

Step 7. Congratulations! Now, you're ready to accept stablecoin payments. Integrate the API key you received into your website or bot and start receiving payments.

Accepting stablecoins is a perfect way to get your business on a new level and significantly increase its perspectives, as this crypto provides you with affordability, stability, high speed, and convenient conversion.

Hopefully, this article was handy! Accept cryptocurrency easily for your business prosperity with Cryptomus!