Top 4 Other Ways You Can Accept Litecoin Payments
Do you want to know the alternative ways to accept Litecoin payments?
Litecoin is one of the leading cryptocurrencies worldwide. It is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It has become an open source, global payment network that is fully decentralized without any central authorities. It features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, it is a proven medium of commerce complementary to Bitcoin.
Given the recent popularity increase Litecoin has gone through, a lot of people are looking to accept LTC payments online. While they could easily sign up for GoCoin or CoinPayments, there are quite a few other ways to go about things as well. We have collected a list of Litecoin merchant service providers which most people have not heard of before. Having more options at one’s disposal is never a bad thing.
This will be, by far, the one cryptocurrency merchant service provider virtually no one has heard of. That is not entirely surprising, even though the company processed 63 different currencies on behalf of their clients. Bitcoin is included of course, as are a lot of popular cryptocurrencies such as Dash, Dogecoin, and Litecoin. Moreover, merchants can have their earnings converted to Bitcoin on the fly, if they think that is a better store of value. There is no verification process to start using eDigiCash, and there is a 0.5% commission on every sale, which includes the transaction fee.
Another Bitcoin and cryptocurrency payment service provider we hardly hear about goes by the name of AlfaCoins. It is more than just a merchant service provider, though, as they allow users to send cryptocurrencies to employees and customers as well. Merchants choosing for AlfaCoins can also receive payments directly into their bank account, which can shield retailers from price volatility. Litecoin is, of course, one of the support cryptocurrencies. Members will pay a 0.99% commission for every transaction, which needs to be taken into account.
It is evident there is a fair bit of competition in the cryptocurrency merchant service industry. Cointopay is looking to make it easy for everyone in the world to accept Bitcoin and other cryptocurrency payments. They accept a variety of currencies, including Litecoin. Users can receive daily payouts to their bank account in five different supported fiat currencies, which is a nice touch.
Users who are looking to accept any kind of cryptocurrency may want to look into the Cointopay Franchise model. It can only be obtained on request, but it is a white label solution which can be quite appealing for large companies. The regular package is subject to a 1% fee for fiat currency conversions and supports all of the “major” cryptocurrencies. A nice feature is how Cointopay users can invoice their clients by sending them an email.
Most Litecoin users will have come across LitePaid in the past, even though they may not have had much experience with it so far. LitePaid lets users accept major cryptocurrencies as a form of payment with relative ease. Users can convert the incoming payments to both Euros or Bitcoin, depending on their preference. Having more choices is never a bad thing in this regard.
LitePaid prides itself on offering an affordable service. More specifically, they charge a flat fee of 25 euro cent per transaction, which is more than affordable. Payments occur every single day, both in Euro and cryptocurrency. The company supports a wide range of different cryptocurrencies, including Litecoin, Bitcoin, and Dogecoin. It is a more than viable solution to start accepting cryptocurrency payments.
via The Merkle