6 Noncustodial Crypto Payment Solutions for Merchants

You don’t have to be a bitcoin purist or tech tinkerer to want to accept cryptocurrency without using a third party. With lower merchant fees, greater network uptime, and no chargebacks, noncustodial crypto payments have several advantages over traditional fiat payment systems. Here are six noncustodial options for accepting crypto in-store and online.

Also read: How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

Accept Crypto With No Questions Asked

For merchants interested in accepting cryptocurrency in-store or online, there’s now a wealth of options. Major companies like Coinbase and Bitpay dominate the industry, with the latter’s custodial solution promising to insulate the retailer from the volatility of crypto. But that’s not all custodial solutions protect the merchant from. Due to the permissioned nature of these payment systems, retailers risk running afoul of the terms of service and having their account closed, which occurs more frequently than you might think – just ask Gab.com.

Should any of your customers hail from countries that are subject to U.S. sanctions, for instance, you’re in danger of having your account shuttered by a U.S. payment provider. The fact that you’re transacting in cryptocurrency won’t save you when you’re using a custodial solution. There are greater reasons why it may be desirable to seek a noncustodial crypto payment solution. Doing so brings greater privacy, grants you sole ownership of funds the moment the transaction clears, and is a far truer way to transact with cryptocurrency, without intermediaries.

Six Noncustodial Crypto Payment Solutions for Merchants

Atomicpay

Atomicpay is a noncustodial payment application that supports seven cryptocurrencies including BCH, BTC, LTC, and DASH. It’s user-friendly, offers price conversion into over 150 fiat currencies, and has good privacy practices built in, including generating a new address for every transaction. You can integrate Atomicpay into an ecommerce module such…

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