How to Accept USDC as a Payment on Your Website

More and more companies are using cryptocurrencies as a means of payment, as they speed up transactions and reach a larger audience. The USD coin (USDC) is one of them, which additionally offers reliability thanks to its price stability. In this article, we'll talk more about USDC as a payment method and provide you with an algorithm for implementing it into your business using the Cryptomus gateway.

USDC As A Payment Method

USDC is a stablecoin that is pegged to the US dollar price. It ensures the coin’s stability and reduces the volatility risks that almost all digital coins face. Another advantage of USDC is that it operates on different blockchain platforms, and this fact makes it versatile and allows it to reach a larger audience.

As a result, USDC is currently a widely used cryptocurrency to pay for goods and services. In other words, the USDC payment method refers to a way of sending and receiving money with this coin. The general payment-accepting procedure involves the use of digital wallets, which provide secure transactions on the blockchain and eliminate the need for intermediaries like banks. This way, USDC is being used more and more by consumers and companies to accept and make payments.

Why Should You Accept USDC Payments?

Now let's examine some additional elements that make USDC a wise option for both B2B and B2C transactions. Here they are:

• Stability. As a stablecoin pegged to the U.S. dollar, USDC is virtually immune to volatility. This fact makes the coin a reliable means of exchange.

• Security. Strong protection for USDC transfers ensures that all transactions are preserved and unchangeable by being stored on the blockchain.

• High speed. USDC transaction times vary depending on the blockchain on which the transfer occurs. However, an average time can be distinguished, which ranges from 0.004 to 30 seconds.

• Low fees. The USDC transfer commission can also be different on different blockchains. For example, on the Solana network, it is usually $0.00025, on Avalanche it reaches $0.5. Such low fees are especially favorable for cross-border transfers.

• Global presence. Since many customers choose to pay for goods and services with digital currency, businesses may reach a larger audience by adopting USDC. It is possible due to the several networks USDC uses to operate, giving them access to a global market.

When businesses accept USDC payments, they are automatically satisfied by these benefits to maximize financial income. Additionally, using USDC payments can significantly enhance a company's position in the competitive market system.

How To Accept USDC Payments?

There are multiple ways in which USDC payments can be received. Among such are payment gateways, point-of-sale (POS) systems, cryptocurrency wallets, and invoicing services.

The most often used method to receive and process USDC payments is payment gateways; that is due to their multiple options and extra security features. For instance, there are numerous possibilities for payment integration offered by the Cryptomus payment gateway. Even beginners in the crypto field will find it easy and convenient due to its user-friendly interface.

To begin accepting USDC payments, you need to do the following:

1. Select a cryptocurrency payment gateway that accepts USDC and that you find appealing.

2. Create an account on the chosen platform.

3. Use two-factor authentication (2FA) and create a strong password to secure your account.

4. Choose and configure an appropriate option for payment integration.

5. Create the payment form.

6. Get the customer service ready and present it to your potential clients and partners.

To help you better understand the process, we have prepared instructions on how to set up a payment gateway to receive USDC using the Cryptomus example.

• Step 1: Sign in. Create an account on the platform if you don't already have one. You may sign up straight by providing your phone number or email address or by using Facebook, Apple ID, or Telegram.

• Step 2: Protect your account. To guard against hacking, make sure your password is strong and enable 2FA. After that, you have to pass the KYC process in order to access the USDC business wallet.

• Step 3: Integrate the payment gateway. Choose your preferred payment integration method. For instance, on Cryptomus, it may be APIs or e-commerce plugins. You may find more thorough instructions on how to integrate each method on your account page or the Cryptomus blog. To ensure the proper integration process, adhere to them.

• Step 4: Set up the payment form. After choosing USDC as the selected coin, if necessary, activate an automatic converting function. Here, you may also change the way payment links work.

• Step 5: Test the payment gateway. Verify that the service functions as you had expected after everything has been adjusted. By performing a few small transactions, you may test the user interface and determine how long it takes for funds to arrive in your business wallet.

• Step 6: Provide client service. Tell your partners and customers about the new payment method your business has implemented. Create policies for managing USDC payments and be ready to answer questions.

By following these steps, you may easily and rapidly incorporate a payment gateway into your company to accept USDC payments. The Cryptomus support specialists will respond promptly to any queries or problems you may have and help you complete the setup.

Is It Safe To Accept USDC?

Accepting payments in USDC is secure. Firstly, USDC is a stablecoin, so the likelihood of succumbing to volatility drops significantly. Secondly, the blockchains USDC operates on ensure total anonymity due to the use of cutting-edge encryption technology. Thirdly, data security, which is stored in the blockchain and only accessed by its nodes, is implied by the decentralized structure of cryptocurrencies. What is more, you can be certain that your money is well safeguarded because the platform you use can also have additional security features.

We sincerely hope that this guide was helpful to you and that it has increased your confidence in accepting USDC as payment at your business. If you still have questions or issues, please leave a comment below, and we will be happy to help you!