Which cryptocurrency exchanges offer payment gateway services?

Coinbase is one of the largest cryptocurrency exchanges that also offers crypto payment gateway services through Coinbase Commerce. This gateway is not only fast, but it also allows merchants to receive payments securely without any middleman. You can use this platform from more than 100 countries across the world.

Do cryptocurrency payment gateways automatically transfer cryptocurrency to fiat currency?

However, some cryptocurrency payment gateways do not automatically transfer the cryptocurrency to fiat currency, allowing the merchant to hold the digital coins as long as they prefer, usually inside a cryptocurrency wallet. Cryptocurrency payment gateways tend to offer lower fees than traditional credit card payment systems.

What is a payment gateway?

A payment gateway is a third party, which cryptocurrencies were originally designed to bypass. You have to rely on the provider's ability to maintain uninterrupted services because you might be receiving payments from around the world and in different time zones.

How do crypto exchanges work?

Crypto exchanges work similarly to a broker, giving you the tools to buy and sell cryptocurrencies easily. They also offer security features and storage options for your digital assets that may be superior to maintaining wallet software on your own.