Monero, one of the top 10 cryptocurrencies by market capitalization is gradually becoming accepted by many. Individuals and public enterprises are also receiving the Monero coin directly or via their website/shop for goods or services rendered. This has contributed to bringing Monero into the limelight and also positioning it in for mass adoption.
If you also want to be part of the community of those who accept Monero for goods and services online, you might want to take a look into these tools to know how each function and how to implement them on your website.
Before you can accept Monero online, you must have a webpage/site. This is required as it’s the interface that describes the product or service you are rendering payments and then Monero API script or plugin will be connected to the site to process the payments.
Some ways and platforms make it possible for you to process Monero payments automatically and we’ll go through each in details.
How can you accept Monero Payments on your website?
1. Accept Monero Payments Through Your Wallet Address
You can as well save yourself some stress of avoid paying processing fees by simply having your Monero Wallet Address on your website. Anyone paying for your product or service just copies it and then notifies you after they have sent payments from their Monero Wallets. All you’ll require will be a transaction hash or a payment id to confirm that payment via the Monero Blockchain Explorer in a situation where you have multiple payments of the same amounts.
The coinpayments platform allows you to accept Monero and over 80 other cryptocurrencies on your website for a 0.50% fee. This is useful for those with online stores or those who render some service, could be a freelancer or something of the sort. Signing up with the platform gives you the option to select if you want to accept just the Monero coin or all coins they presently support. You can also convert your Monero to other cryptocurrencies and vice versa. You are free to select whether you want payments to be held in the balance section of coinpayments or payments should automatically be sent to your specified wallet address. Coinpayments is available for major platforms such as WHMCS, WooCommerce, Opencart, Prestashop, Magento, and OSCommerce.
The coingate platform is another that helps process your Monero payments received and pays you in EUR, USD, or in Bitcoins. Registration steps are straightforward, and in some few minutes, you are ready to start accepting payments. Coingate is also available for POS that you can use at offline stores.
This is available on GitHub and depending on your knowledge of PHP; you might need a PHP programmer to help you set things up. Download and setup guide can be found here https://github.com/monero-integrations/monerowp. If adequately set up, you are ready to start accepting some Monero coins on your WooCommerce store.
The GloBee platform is an easy to integrate plugin for BitPay users. It’s got plugins for more e-commerce platforms than the Coinpayments platform, so you have a variety to work with.
The idea of having a site to process your payments saves you having to send your Monero Address every time your customer needs to pay. It also makes you more professional, and you get paid by anyone, anywhere in the world with or without your notice.
PayKassa is an online payment gateway for Monero and many other crypto coins that helps users instantly accept XMR payments on their websites. Also, users have the option of making bulk payments through many payment systems. So far, the platform has over 2,214 sites that utilize its services.
On the platform, users can securely store, send, and exchange crypto coins easily. Account access is available around the clock for users regardless of where they might be located and from any device.
The PayKassa dashboard is easy to navigate for users and allows them to manage their Monero in a single personal cabinet. To ensure there is maximum security, the platform ensures all its services operate using SSL (HTTPS) connection. Also, vital information is encrypted using the best cryptographic algorithms.
7. Living Room of Satoshi (For Australians Only)
This platform acts as a middleman for payments. Monero payments made on the website/store ends up in your bank account. This makes it super easy to get your payment for all goods or service purchased on your site.