How Businesses can Accept Cryptocurrency Payments: Methods, Providers, and Risks

How to integrate crypto payments on your website and at the checkout

To process transfers in digital assets, businesses use crypto processing — the equivalent of acquiring for blockchain transactions. These services accept the payment, track its confirmation, and arrange the funds to be credited to the merchant. Depending on the provider, they also allow you to:

• choose the settlement currency, including fiat and digital assets
• lock in the exchange rate at the time the invoice is issued
• receive notifications when the transaction status changes

As a result, an online store can automatically update the order status in its CMS or CRM and avoid checking every transaction manually.

After connecting a crypto payment processor, customers get another payment method alongside the other available options. Providers typically offer several integration formats:

• external processing — the customer is redirected to the provider’s payment page
• embedded widget — the payment form opens directly on the website
• API — the company configures the process itself, including generating addresses and tracking transaction statuses.

Some major services also offer ready-made plugins for Shopify, WooCommerce, and other e-commerce platforms — this makes it possible to enable crypto payments without building an integration from scratch.

In physical stores, POS terminals or the provider’s mobile apps are used to accept cryptocurrency. The process usually looks like this:

1. The cashier enters the amount in fiat currency.
2. The system calculates the crypto equivalent and generates a QR code.
3. The customer scans the code in their wallet and confirms the transfer.

After that, the transaction details are sent to the checkout, and the funds are credited to the company’s crypto wallet or automatically converted into fiat — if the provider supports this feature.

The set of additional features depends on the service. A provider may support integration with POS software, refunds, mass payouts, or sub-accounts for working with multiple merchants on a marketplace.

5 Solutions for quickly accepting crypto payments

Businesses don’t have to build their own infrastructure for accepting cryptocurrency — this task can be outsourced to a specialized provider. How fast you can go live depends on the service’s requirements, company verification, and the chosen integration method.

Below, we look at five solutions that support popular digital assets and offer different ways to accept payments. The ability to automatically convert revenue into fiat depends on the specific provider.

OKX Pay

OKX Pay is a payment solution within the OKX ecosystem. The service supports transfers in USDC, USDG, and USDT via the X Layer network. The set of available features varies by region.

The solution is built around a smart wallet with a dual custody model and multisig. For account recovery, OKX also uses ZK Email.

OKX does not charge an additional fee for transfers via X Layer. To activate Pay, you need to complete identity verification and set up a passkey, and multisig is used to secure transactions.

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OKX Pay’s business features also vary by region. For example, in Singapore, the Scan to Pay feature lets you pay with stablecoins at merchants in the GrabPay network.

Trustee Pay

Trustee Pay is a solution for accepting crypto payments via a GraphQL API. The service provides the current list of supported currencies through a separate API request.

With the service, you can create crypto invoices, check a payment’s status, and receive automatic notifications when it changes. Funds are sent directly to the recipient’s wallet. Automatic conversion of such payments into fiat is not stated in the public documentation.

To connect, a business needs to request its own merchantWebKey from the Trustee team.

Binance Pay

Binance Pay is a payment solution from the Binance crypto exchange. The service supports more than 300 cryptocurrencies for user-to-user transfers and more than 80 assets for merchant payments. Availability of specific currencies depends on the jurisdiction.

Binance Pay transactions are typically confirmed almost instantly. For business integration, API access and QR code payments are available, and fees depend on the specific product and region.

For companies, the Binance Pay Merchant service is available. Registration requires a Binance Entity Account and business verification.

BitPay

BitPay is a crypto payment processing provider that has been operating since 2011. The service supports bitcoin, Ethereum, Solana, stablecoins, and other assets, and also offers plugins, an API, and in-person payment solutions.

When a payment is initiated, BitPay generates an invoice and locks in the exchange rate for the duration of the invoice. After the transaction is confirmed, the business can receive funds in fiat, cryptocurrency, or split the proceeds between the two options.

BitPay’s fee depends on monthly processing volume and is 1–2% + $0.25 per transaction. Higher rates may apply for certain industries.

Coinbase Business

Coinbase Commerce no longer operates as a standalone payments product. As of March 31, 2026, it was replaced by Coinbase Business, which at the time of writing is available to companies with a legal entity in the US or Singapore.

Coinbase Business is primarily focused on stablecoin payments. Customers can pay in USDC or USDT, and the business receives funds in USDC. The service supports Payment Links, invoices, checkout pages, and an API.

Coinbase Business also allows you to automatically convert incoming USDC to USD. The current fee is shown in the business account.

Comparison of providers

When choosing a provider, it’s important to consider more than just the feature set. For businesses, payment processing costs, supported currencies, company verification requirements, and the ability to receive revenue in the required form also matter. To compare the solutions listed above, we used the following criteria:

• fee. Even a 0.5–1% difference can significantly affect costs when processing a large number of transactions;
• supported assets. Their list determines which cryptocurrencies and networks the business can offer customers;
• Fiat conversion. This parameter is important for companies that do not plan to hold revenue in digital assets;
• KYC/AML procedures. Customer and business verification requirements may vary depending on the service and jurisdiction;
• Integration format. APIs, plugins, payment pages, and POS solutions differ in complexity and speed of implementation.

Priorities depend on the business model. For a small company, a simple setup without its own payment infrastructure may matter more. For an online store or SaaS service, API stability, ready-made plugins, and correct payment status handling play a significant role. International companies also need to consider regulatory requirements, security, and the ability to obtain documents for accounting and reconciliation.

Step-by-Step Plan for Connecting a Payment Service

To enable crypto payments, a company does not have to build its own infrastructure. A provider can handle the core technical work, but before going live, you will still need to go through several steps:

Step 1. Choosing a platform

First, compare fees, available jurisdictions, supported networks, API stability, and the ability to convert revenue into fiat. It is also worth checking transaction confirmation speed and making sure the chosen integration format fits the company’s existing infrastructure.

Step 2. Registration and verification

After choosing a provider, the company typically needs to register an account and pass business verification (KYB). The list of required documents depends on the service and jurisdiction. In some cases, KYC for company representatives may also be required.

Step 3. Setting up a wallet or account

The next step is choosing how you want to receive funds. They can be credited to the provider’s internal balance, the company’s external crypto wallet, or a bank account after automatic conversion. Available options depend on the specific service.

Step 4. Integrating the service

Once the account is approved, you can enable payment acceptance. Online businesses typically use an API, an external checkout page, or a ready-made CMS plugin. The availability of specific tools depends on the provider.

At this stage, it is important to test not only payment acceptance itself, but also the transfer of order statuses into the company’s system. Proper synchronization is necessary for payment reconciliation and refund processing.

Step 5. Testing and launch

Before a full launch, you need to run a test payment. If the service provides a separate test environment, the integration is checked there first. Otherwise, you can use a small real payment. Make sure the system records the transaction confirmation, updates the order status, and sends notifications correctly.

After setup, most of the process runs automatically — the customer selects a supported asset, the service tracks the payment, and updates the order status. At the same time, the company must factor in the provider’s fee and any potential network fees.

Legal considerations to keep in mind

The rules for accepting cryptocurrency vary from country to country, so before launching, a company needs to consider the laws of its jurisdiction and the specifics of the chosen settlement model. First and foremost, it is worth paying attention to a few issues.

Regulation and licensing

The legal status of crypto payments depends on the country and the funds acceptance flow. A company needs to take into account financial monitoring and licensing requirements, if they apply to the chosen operating model.

In the European Union, the crypto-asset market is regulated by the MiCA regulation. In the US, FinCEN requirements and IRS tax rules apply, while Japan and Singapore use their own regulatory regimes.

Taxes and reporting

In many jurisdictions, crypto receipts are treated as income at fair market value on the transaction date. Even without subsequently converting the asset into fiat, its value may be reflected in reporting as the equivalent in the national currency.

To account for such transactions, companies can use automation tools offered by payment providers. They help store transaction data and generate information for subsequent reporting.

The specific accounting procedure and tax rates depend on the country — if needed, the company should seek clarification from a relevant specialist.

Storage and security

If a company receives cryptocurrency directly to its own wallet, it is responsible for key management and the safekeeping of assets. In that case, it is necessary to define custody rules in advance and separate employee access.

The custody model also depends on the payment provider. Some services use custodial or hybrid setups, while others let you transfer funds straight to the company’s wallet or convert them to fiat. That’s why, alongside the service’s technical parameters, you also need to assess counterparty risk.

Conclusions

To accept cryptocurrency, businesses no longer have to track blockchain transactions themselves or build payment infrastructure — specialized providers can handle that work. Depending on the service, a company gets an API, payment pages, QR codes, plugins, and automated conversion tools.

There is no one-size-fits-all solution. Some providers focus on payments within their own ecosystem, while others offer full-fledged crypto processing for online stores and companies. The availability of features, currencies, and withdrawal methods also depends on the region. For example, in 2026, Coinbase Commerce was replaced with Coinbase Business.

Before connecting, you should compare fees, integration options, and the custody model, and also check requirements for KYC/AML, licensing, and tax accounting. This will help you choose a way to accept cryptocurrency that fits the business’s technical needs and the rules of a specific jurisdiction.