When it comes to running any type of business you want to make sure that you are fully prepared for whatever your clients may need. That includes making sure that you have a payment processing system that will support their chosen method of payment. With NOWPayments, you don’t have to worry about that because this service is capable of helping you to accept payments in 60+ different currencies.
What is NOWPayments.io?
Let’s take a step back and look at just what this service is first. Created by ChangeNOW, back in 2019, this system is designed to make things easier for online business owners who want to be able to accept cryptocurrency payments. In fact, NOWPayments is a crypto payment gateway that allows for online payments. But what’s more unique and even more important is that it will allow you to accept payments in 60+ of the top currency options out there. You can accept all of the most popular currencies as well as plenty of less well-known options.
It’s simple to implement service for any type of business and the number of currencies that are accepted is only expected to continue growing.
Benefits of NOWPayments
There are a number of different basic features that are available with NOWPayments. These include auto coin conversion, instant withdrawals, stablecoin support, regulatory compliance, 24/7 support and affiliate programs (along with a couple new features we’ll talk about in just a moment). With each of these features, you’re going to improve the overall quality and versatility of service, which makes it great for business owners as well as customers of those businesses who want to start using their cryptocurrency in new ways.
Auto coin conversion – What this means is that you can accept a variety of different cryptocurrencies (like the 60 that are supported by NOWPayments). Then, when you do accept them, you can set up the currency that you prefer and the coins you take in will be converted to your currency of choice instantly. You don’t have to do anything.
Instant withdrawal – Authorizing payments is a hassle that no one likes, which is why NOWPayments gets rid of this step. Instead, all payments are immediately transferred from the client to your wallet so there’s no need to wait. The money will be immediately available for whatever you need.
Stablecoin support – Stablecoins help you decrease overall volatility and that’s definitely important for any business. With NOWPayments you have the ability to accept these coins and that can make it easier for you to work with your customers and also make sure you’re not losing out on the cost of your products.
Regulatory compliance – You want to be sure that you’re following all the rules and the law, and that’s going to happen automatically with NOWPayments. Their legal team makes sure that the service is always operating on the right side of the law, so you don’t have to worry about regulatory problems.
24/7 support – When something goes wrong in your business you need to know that it can and will be taken care of immediately. NOWPayments offers 24/7 support with a team of real people who can work with you to figure out a solution to any problem you have, whenever you have it.
Affiliate program – Everyone likes to make money, especially when you don’t really have to do almost anything for it and that’s what happens with this program. You can refer other merchants to the platform and get a percentage of their profit. You’ll be getting this reward for 5 years.
Brand New Features
On top of all of these features, you’re also going to love the fact that NOWPayments has launched a couple brand new features that will make your use of the service even better. You want to make sure that your business is getting the best of everything, and that’s why this service is continuing to improve and change their offerings. So, just what added benefits has NOWPayments started to roll out? The best features are mass payments and fiat processing and we’re going to take a closer look.
Mass Payments
The first of the brand new features offered by NOWPayments is a mass payment feature. With any business, you may have the need to send out a large quantity of payments to clients, affiliates, employees and more at any given time. Sending them out one at a time is definitely time consuming and it’s going to be a hassle. But if you could set it up to send out mass payments as needed that can cut down on the time and hassle that it takes for you.
The process is simple because all you have to do to get started is deposit your funds into your account so you can cover the cost of all of the payments you’re going to send out. Once you’ve done that you can set up the addresses where the money needs to be sent and the amount of money to send to each one. And then you approve the payment and NOWPayments sends all of the money out at once. Each person will get the amount they’re supposed to get just that fast, so there’s no more worry about missing someone or delayed payments being sent.
You’ll be able to set up mass payments by calling or emailing the support team and all you have to do is let them know the approximate amounts for the payments. From there, you can send as much or as little money as you want. There aren’t even any limits on the number of people that you send the money to. All you have to do is add the addresses in and they’ll be included on a single mass payment. There’s no need to break up your list or categorize your payments. It all can go out together no matter how many you need to send.
Fiat Processing
The other new feature that you’ll find with NOWPayments is fiat processing. When it comes to payment processing you likely want to be able to accept more than just cryptocurrency. And you may want to cash out in something other than cryptocurrency. That’s where fiat processing comes in because it gives you the ability to get and take cash whenever you want. That way, you’re ready to advance with the latest options and you’re able to fall back on some of the tried and true features as well.
With this process you’ll be able to withdraw your crypto payments directly to a bank account. That means it will be transferred from whatever type of cryptocurrency it is into a fiat currency that can be deposited into the bank of your choice. Plus, your customers and clients will have the option to pay with a fiat currency rather than cryptocurrency. This gives you more versatility and also makes sure that you can still appeal to older customers who may not be as comfortable with the different types of digital currency that are out there.
What’s unique about this system is that the process works in both directions. You can let your customers pay in fiat currency and have it transferred instantly to your chosen cryptocurrency and put into your wallet. You can also choose to accept cryptocurrency and have it transferred to fiat currency and deposited into your bank account. Having these options makes it easier for you to work with any customers you want and pull money out of your digital accounts whenever you need to. You’ll be able to keep your business running smoothly for you and for everyone else who interacts with it, which definitely benefits you in the long run.
How to Get Started
If you are interested in getting started it’s actually quite simple to do. You will need to sign up and create an account with the service. Then, you will sign in and access the dashboard, which features all of the different options. This includes the ‘add new key’ option, which will let you set up a secure API. You get to save the key that’s displayed and then go into your wallet. You’ll be able to start using your new API to accept crypto payments or to send them to others immediately. Or you can add in other integration methods.
If you really want to make things easier on yourself you can use the widget or button. All you need to do is copy the source code onto your web page. That’s all it takes. Clients will be able to click the button from wherever they are on your web page and make a payment. They can also create their own buttons. What’s really best about this one, however, is creating a donation button, which will allow your customers to donate money whenever and however they want.
For merchant purposes you can integrate using WooCommerce, WHMCS, Magento 2, PrestaShop and OpenCart. These systems are very simple and all you need to do is access the plug-in and install it onto your current website. Installing the plug-in will take very little time and once you’ve done it you’ll be able to go straight to accepting money from your clients. It makes the entire process simple for you and for them. Plus it’s going to help you jump into the wave of the future. Just make sure that your platform for your website is compatible with one of these services so you can get started.
Is it For You?
When it comes to running an online business you may want to start thinking seriously about cryptocurrency. After all, there’s a whole lot to this system that’s going to only grow in popularity. As more and more people turn to digital currencies it’s eventually not going to be an option whether you accept it or not. So, why wouldn’t you want to jump on the bandwagon early and start accepting cryptocurrency? This is even better with the new features that are going out with NOWPayments. You don’t have to be limited to just cryptocurrency or required to add multiple payment services.
You also can make sure that all of your outgoing payments are done more quickly and easily. Mass payments means that you don’t have to worry about things like commission or affiliate rewards. All of that can be done quickly and easily. It’s a great option and it’s definitely going to help you and your entire team. Especially since you can also use it for your payroll. Between all of these features you’re definitely going to have everything you need to run your business more efficiently and make sure that you have all of the features you need for your customers.
NOWPayments is something to consider whether you’ve ever been involved in the cryptocurrency space or not. You want to make sure that you are looking at all of the latest options and putting them into practice for your business. If you have been involved with crypto before then you should be even more familiar with the ways that crypto can make a difference for your business and for your customers. All you need to do is set up the integration that works best with your platform and get started.
