Cryptocurrency payment gateway Development Company
To include cryptocurrency payments in your product, do you need a white-label payment gateway? For your company, OG Software Solutions can provide a ready-made solution. Enjoy the OG Software Solution’s convenience and total privacy. It guarantees complete control over the executed transactions. It also provides you with more advanced administrative functionality.
What is Crypto Payment Gateway Development?
A payment gateway is required for businesses who want to accept cryptocurrencies like Bitcoin, Ethereum, Tron etc. In order to facilitate communication between
- the buyer,
- the seller,
- and the blockchain network.
It facilitates cryptocurrency transfer from the buyers to the sellers.
How does Cryptocurrency Payment Gateway Work?
Using a pre-made solution is one choice in this situation. A different option is to create it from scratch. The latter enables parameter customization, branding, and the integration of internal business procedures. It takes significantly longer and is much more expensive.
A transaction must be processed and verified when a customer purchases a service. Let’s investigate the process in detail:
Payment Initiation
At the checkout, the consumer chooses the coin to use. And for the transaction, the payment gateway creates a special wallet address.
Payment verification.
The process is completed on the blockchain.
Payment Confirmation
The crypto gateway notifies the merchant of the finished charge after receiving confirmation from the blockchain that the payment was successful.
Settlement
The gateway deposits the payment into the company’s crypto account.
Why do you Need Software Development for Crypto Payment Gateways?
Software development for crypto gateways is crucial for several reasons
Integration
A merchant’s software can incorporate the gateway if the software development process is carefully thought out. Months may pass while such a gateway is being developed. However, simply has to be installed on your servers. We’ll link it up to your website, app, or platform. Less than a day is needed.
Customization
There are various needs for various businesses. The payment procedure can be tailored by merchants to meet their unique needs thanks to customizable tools. You can find alternatives if you don’t want to create your own cryptocurrency wallet. The same functions of a standard wallet are available, but you can brand it differently. It won’t cost as much and take as long.
Security
Cryptocurrencies place a high priority on security. The security of your transactions can be ensured by more than just unique software creation, though. Some of the current crypto gateways offer two-factor authentication or encryption as well.
Scalability A company’s payment solution must be able to handle more transactions as it expands.
Benefits of Cryptocurrency Payment Gateway Development
Kick-starting the development is beneficial in these cases:
The existing ready-made solutions cannot cope with your business needs.
Existing solutions are incompatible with your software.
The existing solutions don’t support the cryptocurrencies you need.
The ready-made gateways’ downtime SLA falls short of your expectations. The checkout process cannot be altered, thus more options are required.
Multi-Crypto Payment Gateway
Keep in mind that a multi-crypto solution enables businesses to accept several cryptocurrencies. This pertains to Litecoin, Ethereum, and other cryptocurrencies. Customers are able to pay with their favourite cryptocurrency as a result, helping businesses grow their clientele. For instance, at OGSS we are creating the gateways for Litecoin, Ethereum, Tron, USDT, and other cryptocurrencies.
Bitcoin
Ethereum
Litecoin
Tron
USDT – OMNI
USDT – TRC20
USDT – ERC20
Why choose OGSS for Crypto Payment Gateway Development
OGSS doesn’t deliver development services. But the crucial thing is that our ready-made software meets the main requirements for a crypto gateway. So besides providing smooth incorporation, flexible layout, and safety, we also offer:
Complete anonymity
Multi Merchant Account
Auto-Withdrawal Funds
Two-factor Authentication
Risky Transaction Deduction
Reporting
