Best Crypto Payment Gateway Services Available In Nigeria

The rise of cryptocurrency opened new avenues for businesses as well as consumers. However, including crypto payments in your company can sometimes get complex. That is where crypto payment gateway services come in—to work as intermediaries. Hence, you can accept crypto payments from clients and then readily convert them into the preferred fiat currency.

For any Nigerian business looking to help its customers ride the increasing waves of the crypto market, here is a breakdown of key players in payment gateway cryptocurrency services:

1. Cryptomus

Cryptomus is a feature-rich platform designed for businesses of all sizes. Here’s what sets them apart:

• Volatility Protection: Cryptomus converts all crypto payments he gets for his art to stablecoins, saving him from price swings. You can also withdraw your earnings in a currency of your choice, both completely free of charge.
• First-Class Support: Every support request is possible through the facility of their team on Telegram, email, website tickets, and even dedicated account managers for merchants.
• Transaction Management: Cryptomus puts you in control of transaction details, allowing the handling of over/underpayments to any invoice issued for you to collect remaining balances with ease.
• Mass Payouts: Want to make bulk payments? Cryptomus allows mass payouts against thousands of addresses with instant conversion and thus saves you from much hassle and wastage of time.
• Flexible Commissions: Sell on individual coin commissions or give discounts for selling some cryptocurrency coins, thus managing your pricing strategy.
• Easy to Integrate: This becomes easy with Cryptomus’ pre-built plugins and applications for popular e-commerce platforms.

2. Breet

Breet is a user-friendly Nigerian base with quicker settlement methods. Here are its features:

• Multi-Cryptocurrencies Support: Breet has inbuilt support for various popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, and Bitcoin Cash. Each coin has its own personal wallet.
• Simple Dashboard: The link to navigate the Breet Portal is user-friendly, and the interface isn’t technical.
• Instant Fiat Settlement: While the conversion may take some time, depending on the cryptocurrency and network fees chosen, in some cases, once a transaction is complete, you can expect money in your local bank account within five minutes.
• 24/7 Support: Our Breet support team is at your beck and call to resolve all queries during and after the integration process.
• Detailed Documentation: Breet provides detailed documentation to help you get up and running with crypto payments easily and fast.

3. Global Players: BitPay & Coinbase

Although not Nigeria-specific, the following are established global players that offer robust payment gateway cryptocurrency services: BitPay and Coinbase.

BitPay:

• Offers 16 cryptocurrencies.
• Processed over 10 million transactions valued at $5 billion since the year 2011.
• It provides an increasing base of business services beyond payments, including billing, payroll, and payouts.
• Fees are generated based on the monthly volume of transactions.
• Hold multiple US federal licenses; regulations in other jurisdictions may vary.

Coinbase:

• Offers 10 cryptocurrencies.
• We have processed $92 billion last quarter alone in trades.
• Provides the complete suite of business services: payments, personalized checkout experiences, invoicing, reporting, and wallets.
• Charges a flat 1% fee with no added charge for conversion between currencies using their managed wallet solution.
• It holds multiple licenses across the US, UK, APAC, and EU.

Choosing the Right Payment Gateway Cryptocurrency Service

The best platform for your business would depend on several factors. Here are some of those to consider:

• Features: Consider the features of the services. These would be volatility protection, bulk payouts, and flexible commission structures.
• Supported Cryptocurrencies: See to it that the platform supports whatever cryptocurrency you intend to accept.
• Transaction Fees: Comparison of their fee structures and choosing one which gives a good rate.
• Integration Ease: Consider the scope of your technical competency and demand an accessible, user-friendly option about integration in the platform.
• Customer Support: Reliable consumer support is essential for troubleshooting and problem-solving.

Future of Crypto Payments in Nigeria

The crypto market in Nigeria is fast-developing, with crypto payment gateway services an integral part of said development. In implementing such a suitable service, Nigerian businesses will unlock new segments of customers and achieve worldwide reach where more people than ever can be reached. As regulatory and infrastructural R&D progresses, so will such solutions in the Nigerian crypto payments landscape.