CoinRemitter for Cross-Border Cryptocurrency Payments Explained

Cross-border payments were once next to impossible. When it existed, it consisted of international bank transfers that took days (sometimes weeks). Some fiat payment gateways fixed this delay by providing nearly instant transfers, but fees remained an issue. Cross-border transactions in fiat currencies were expensive due to high transaction fees and currency conversion taxes.

Then, businesses explored cryptocurrency payments. This way, they could eliminate currency conversion taxes and reduce transaction fees. Many crypto payment gateways have been launched in the market to serve such businesses. However, businesses consider CoinRemitter the best for cross-border transactions.

Why This Platform Is Best for Cross-Border Payments

Many Countries Supported

The primary condition of a reliable cross-border crypto gateway is its availability. This crypto payment processor is supported in over 130 countries, including the US, UK, UAE, and others. This broad reach allows you to accept crypto payments from customers in many countries. As you serve more regions, the chances of earning higher profits increase.

Low Transaction Fee & Gas Station Support

The transaction fee matters a lot when you accept cross-border crypto payments, as it directly affects your profits. However, you can’t expect low fees for fiat transactions, especially for fiat transactions. If you accept payment in crypto, you can expect a significant reduction in transaction fees. CoinRemitter’s low transaction fee helps you earn sizeable profits without increasing prices.

For some currencies, such as USDT, Ethereum, Binance Coin, and USDC, you can use the Gas Station to reduce transaction fees. With this feature, you can deposit fees in advance to a unique wallet. The system will deduct the fee amount from the incoming payment. Here, the fee will be up to 60% lower than regular fees, so you can save more on transaction fees.

Lowest Processing Fee

This is another important aspect that affects profits. Blockchains or networks charge transaction fees, while platforms charge processing fees for managing smooth operations.

Nowadays, many cryptocurrency payment gateways charge processing fees of 0.5% to 1% on average. However, this crypto gateway maintains the lowest processing fee with just a 0.23% share of your withdrawal amount.

The combination of low transaction and processing fees helps you reduce transaction costs and increase profits.

Designed Specifically for Online Businesses

Most cross-border businesses operate online. Therefore, a payment system that is built specifically for online businesses is important for accepting international payments.

You can integrate this cryptocurrency payment gateway into your website using any one of the following options:

• Free Plugins: Ready-to-install crypto payment plugins for business websites built using WordPress, Magento, Laravel, OpenCart, PrestaShop, PHP, and Node.js.
• Crypto API: Some user-friendly API features, such as Create New Address and Invoice, can help you accept crypto payments.
• Crypto Payment Widgets: Ideal for those who want to accept payment in crypto, but don’t know how to code. You can choose between the Pricing Widget, Presale Widget, Payment Button, or Payment Page, based on your requirements.

Other Highlights: Helpful in Cross-Border Cryptocurrency Payments

• No KYC: You can register on CoinRemitter without submitting your sensitive documents, so you don’t have to worry about your online privacy.
• Technical Support: This crypto payment processor provides support via email, live chat, and a support ticket system. You can expect a quick and reliable solution to platform-related issues.
• Invoice Services: You can create and share invoices to accept crypto payments and stay updated about the live payment status.
• Security: This cryptocurrency payment gateway provides dedicated features to help you protect your account and crypto assets (in the internal wallet) from domestic as well as international cyberattackers.

Some Key Considerations Before You Start

• Rules and Regulations: It is advised to check your local laws and maintain compliance with tax reporting and financial regulations.
• Security Measures: You must enable all the dedicated security features to ensure maximum security for your account and funds.
• Marketing: Just starting to accept crypto payments isn’t enough. You should market the newly added functionality to let the world know you accept cryptocurrency payments.

Final Thoughts

Currently, the crypto payment method is reliable for cross-border payments. It reduces fees and speeds up transactions. If you use CoinRemitter, you can expect lower fees, higher profits, and easy access to many countries. Its user-friendly integration and no-KYC registrations make it more reliable for cross-border payments. If you comply with all local laws, enable all security features, and market your business appropriately, it can be the best crypto payment gateway for accepting cross-border cryptocurrency payments for your business.