Kakšna je razlika med prehodom za fiat plačila in prehodom za kripto plačila? (Pauline L)

What happens in between when customers go to the payment page and when you receive the payment? How does the payment happen? You can thank payment gateways for this. Today, in addition to traditional fiat gateways, crypto payment processors are gaining popularity.
We will discuss the differences these services have and the benefits of the crypto payment gateway.

Kaj je kripto plačilni prehod?

 

Crypto payment gateway is a service that allows merchants to accept cryptocurrency as a payment option. Thanks to crypto payment gateways, merchants can accept crypto payments on most e-commerce platforms, on any website, in a mobile app, or even offline.
The service operates like traditional payment processors, but digital assets are accepted as a payment option instead of fiat currency. The crypto payment gateway performs the functions of processing and receiving crypto payments. Depending on the specific
service, merchants can accept the most popular cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin, and others, and less popular ones, such as Poodl Token, Axie Infinity, Kishu Inu, and others. Crypto payment gateways can be divided into custodial and non-custodial.
In the first case, the merchants’ profit is deposited into their account, after which it is possible to initialize the withdrawal of funds to the wallet. On the other hand, non-custodial crypto payment gateways only process the payment and immediately send
the profit to the merchant’s wallet. Crypto payment gateways allow accepting crypto for payment as easily as fiat currency, rewarding users with borderless, cost-effective, and almost instant transactions. In addition, merchants who wish to keep up with the
times and offer their customers crypto as a payment method, but are not yet ready to fully plunge into the crypto space, can turn to the crypto payment gateway. The fact is that most crypto payment processors provide a crypto-to-fiat conversion feature, thanks
to which you can charge cryptocurrency and settle in fiat.

Kaj je fiat plačilni prehod?

 

Fiat payment gateway is a portal that connects a bank account with the corresponding payment system. Through this software, payments made using bank cards and electronic wallets are verified and processed, resulting in these transactions being accepted or
rejected. This happens every time you pay for goods or services, even when, for example, you simply pay with a bank card through a terminal in a grocery store. That is, the fiat payment gateway performs the functions of verification and subsequent processing
of your bank card details. It ensures the acceptance of payments by online stores, as well as coordinates all possible settlements between the issuing bank, store, cardholder, or acquiring bank. It also performs several other important functions. For example,
it supports the processing authorization requests and protocols in which it records all operations with the card. Unlike a crypto payment gateway that accepts both fiat and crypto payments, a fiat payment gateway allows you to accept only fiat (national currencies)
for payment. The fiat payment gateway transmits transaction information virtually via web-based payment services and APIs or personally via a payment terminal.

Ta plačilna storitev omogoča različne načine spletnih transakcij, kot so internetno bančništvo, kreditne in debetne kartice, UPI (Unified Payment Interface) in druge digitalne denarnice.

Te storitve šifrirajo pomembne informacije (na primer podatke o bančnih karticah strank). Prav tako pomagajo vašemu spletnemu mestu izpolnjevati določene standarde z zagotavljanjem varnih transakcij med vami in strankami.

Kakšne so prednosti kripto plačilnih prehodov?

Hitro in brez meja

Kripto plačila so znana po svojih skoraj takojšnjih transakcijah. Vse to je zahvaljujoč tehnologiji blockchain ali DAG, ki omogoča hitre transakcije ne glede na lokacijo stranke in lokacijo trgovca.

Depending on the specific cryptocurrency, its architecture, protocol, and so on, the payment can reach the merchant within a few seconds or 10 minutes. If we are talking about non-custodial crypto payment gateways that do not store the seller’s profit, in
this case, the merchant receives payment for the goods or services directly to the wallet as soon as the payment is processed by the blockchain network, and the gateway. In the case of fiat payment gateways, merchants often need to wait 7-14 days to receive
payments to their accounts. They act as an intermediary, processing the information entered when placing an order, performing authorization, and transferring payments to sellers. All this significantly reduces the efficiency of the business and can lead to
izgube.

Cenzurni upor

Crypto is meant to be the currency of free people. That is, it is enough for users to create a crypto wallet to start making financial transactions. At the same time, due to the privacy of blockchain technology, payments can be accepted even among illegal
lastniki podjetij.

Because of this feature of the blockchain, cryptocurrencies have become extremely popular on the black market and among other non-eligible businesses. On the other hand, fiat payment providers may not work with your type of business and refuse to integrate.
Each fiat payment gateway has its list of prohibited activities. It may include online casinos, shops with tobacco and alcohol products, goods and services 18+, forex exchanges, MLM companies, etc.

Nizke pristojbine

In addition to speed and borderless payments, crypto also provides competitively low network fees. The point is in the absence of a huge number of intermediaries. In the case of crypto payment, your client pays a small network fee when paying for your goods
and services, and you pay a service fee to the crypto payment gateway.

Thus, we can say that in the case of a crypto payment gateway, you have only one intermediary, which significantly facilitates the payment process and improves your customers’ user experience. On the other hand, in the case of a fiat payment gateway, several
actors participate in the payment process (seller, eminent bank, acquirer bank, processing center, international payment system, buyer), and it consists of a large number of small transactions. Each listed intermediary charges a small commission, which eventually
adds up to a significant amount.

Varnost

Blockchain technology, despite its privacy, is also transparent. Anyone who knows the addresses of the sender’s and recipient’s wallets can check at what time the transaction occurred and what amount was sent. In addition, crypto transactions are irreversible
(so check wallet addresses carefully), which protects merchants from chargeback fraud. In the case of fiat payment gateways, there are often cases when payments are lost. Money is debited from the buyer’s card but does not come to the merchant’s account. Accordingly,
the client remains without money and goods, and you are without money and with a panicked client. The transparency of the blockchain completely eliminates such incidents.

Kripto v primerjavi s plačilnimi prehodi Fiat

Both crypto and fiat payment gateway pursue a single goal: allowing merchants to accept payment for their goods or services. Nevertheless, the services in question do this differently, and various payment instruments are at their core. Choosing which payment
gateway is most suitable for your business, you should carefully analyze them.

Kripto plačilni prehod

• Odporna na cenzuro
• Plačilo v roku 1 sekunde – 10 minut
• En posrednik
• Nizke pristojbine
• Varno in pregledno 

Plačilni prehod Fiat

• Nadzor tretjih oseb
• Plačilo v roku 1 sekunde – 14 dni
• Več kot trije posredniki
• Drage pristojbine
• Tveganja goljufije

zaključek

Plačilni prehodi delujejo kot posredniki, obdelujejo podatke, vnesene ob oddaji naročila, izvajajo avtorizacijo in prenašajo plačila prodajalcem. Zato je treba k izbiri takšne storitve pristopiti s posebno pozornostjo.