Cryptocurrencies for online stores

Cryptocurrencies offer many advantages for buying and selling online, both for you as a merchant and for your customers. With Payrexx, you can easily and quickly offer cryptocurrencies as a means of payment in your online store.

Fast: Payments with cryptocurrencies are usually processed in real time.

Fair: The fees for cryptocurrencies are the same everywhere, regardless of the country.

Recognized: The number of cryptocurrencies and users is steadily increasing.

Secure: State-of-the-art blockchain technology offers transparency and maximum security.

Accept cryptocurrencies for online stores with Payrexx

Payment provider

Cryptocurrencies

As part of Payrexx Swiss Collecting, Centi can be activated and used by merchants immediately after successful registration.

Centi

CCHF (Centi Franc)

Utrust

If you register with the third-party provider Utrust via Payrexx, you can accept payments in various cryptocurrencies.

BTC, ETH, USDT, USDC, EGLD and more

Coinbase

If you integrate the third-party provider Coinbase into your webshop via Payrexx, your customers can pay with all common cryptocurrencies.

BTC, ETH, USDT, BNB, SOL, XRP, USDC, ADA and many more

Enjoy all the benefits of cryptocurrencies with Payrexx

Payrexx is your one-stop solution for all common cryptocurrencies: Activate your Payrexx account now and simply select a suitable payment provider.

This allows your customers to pay for goods and services with crypto tokens with just a few clicks - quickly, securely and anonymously.

Fewer fees: Since cryptocurrencies do not involve intermediaries such as credit card companies or banks, the fees are usually significantly lower than for other means of payment.

Increasing popularity: cryptocurrencies are being used by more and more people and online stores. Many innovative applications are already being developed in connection with cryptocurrencies.

More sales: Customers who appreciate the benefits of cryptocurrencies will be happy to store in your online store. This expands your customer segment and increases your turnover.

No chargebacks: Since transactions with cryptocurrencies cannot be chargebacked, unlike credit card payments, the risk of payment defaults and fraud is reduced.

The cryptocurrencies with the highest turnover at a glance

Bitcoin (BTC) is the first and best-known cryptocurrency. It was developed in 2009.

Bitcoin Cash (BCH) split from Bitcoin in 2017 and has improved technology.

Litecoin (LTC) emerged in 2011 as an alternative to Bitcoin. The technology is very fast and accessible.

Doge (DOGE) was launched as a joke in 2013, but quickly gained popularity.

Ethereum Classic (ETC) forked in 2016 to preserve the original Ethereum blockchain.

Ethereum (ETH) was launched in 2015 as a decentralized open source platform.

USD Coin (USDC) was introduced in 2018 and can be exchanged 1:1 for US dollars.

Tether (USDT) was developed in 2014 and is pegged to the US dollar as a stablecoin.

Ripple (XRP) was launched in 2012 and is intended to function as a global settlement network.

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange and was launched in 2017.

Solana (SOL) has been around since 2017 and places particular emphasis on scalability and speed.

Cardano (ADA) was developed in 2018 and has a strong focus on sustainability.

This is how simple the implementation works

In just a few steps, you can integrate cryptocurrencies into your webshop via Payrexx and accept payments.

Activate payment provider

To activate one of the payment providers presented above, go to Admin > Payment provider in your Payrexx backend.

Centi is already part of Payrexx Swiss Collect, while Utrust and Coinbase can be found under "Alternative payment methods".

1.

Create user and complete integration

If you click on "Set up", you will be automatically redirected to the registration page of the two third-party providers Utrust and Coinbase.

Follow the instructions here to activate the payment methods.

2.

Receive payments

That's it! Once you have successfully completed the integration, you can use Payrexx to smoothly receive payments in the form of cryptocurrencies in the e-commerce tool of your choice at
.

3.

Payment provider for cryptocurrencies

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Centi

The Swiss start-up Centi has developed a digital currency that is pegged to the Swiss franc. Customers can convert their money into Centi tokens and use them to pay online or offline or for bank transfers.

As part of Payrexx Swiss Collecting , you can activate Centi quickly and easily. Simply create your Payrexx account and have it verified - and you're ready to go!

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Utrust

The payment gateway from Utrust can be easily integrated into your online store and offers your customers the option of paying with various cryptocurrencies, such as Bitcoin or Ethereum.

Utrust also offers its own token, the Utrust Token (UTK), which can be used to pay fees on the platform and enjoy other benefits.

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Coinbase

With the Coinbase platform, you can accept payments in many different cryptocurrencies in your online store - from Bitcoin and Ethereum to Ripple and Litecoin.

As long as users have a cryptocurrency wallet, they can make and receive payments via Coinbase. This usually works within seconds, securely and worldwide.

Frequently asked questions about cryptocurrencies for online stores

  • A cryptocurrency is generally understood to be a type of virtual currency. It is usually based on cryptography, which is where the name itself comes from. An important characteristic of cryptocurrencies is their independence: they are decentralized, i.e. they are not controlled by a central bank or a government, but have usually been developed and distributed by an IT company.

  • Cryptocurrencies are based on blockchain technology. This is a decentralized directory in which all transactions made using this currency are recorded. Several transactions together form a block, which in turn are linked together to form a chain. Hence the name. In this way, transactions are verified via a global network of computers.

  • Crypto tokens can be purchased on so-called crypto exchanges. These are now often accessible via the internet or an app, where you can buy tokens simply by transferring money.

    In any case, it is advisable to familiarize yourself in advance with the crypto exchange in which you want to invest your money. There are a large number of crypto exchanges, not all of which are equally reputable.

  • Cryptocurrencies sometimes have a bad reputation, as they are often not based on any bank currency and their value therefore fluctuates greatly. In addition, depending on the technology, cryptocurrencies can also be misused for money laundering, fraud, cybercrime or to finance malicious activities.

    In recent years, however, cryptocurrencies have developed into a thoroughly reputable payment method that offers many advantages for merchants and buyers. However, the actual reliability always depends on the respective cryptocurrency itself, which is why it is very important that you familiarize yourself with the respective provider before buying crypto tokens.

  • Cryptocurrencies offer the following advantages compared to other currencies:

    • Security: Thanks to state-of-the-art technology and security standards, cryptocurrencies are generally considered to be very secure, especially as users do not usually have to provide any sensitive data to buy crypto tokens.

    • Decentralization: Cryptocurrencies are usually not controlled by a central bank or government, but have been developed by companies or start-ups. These often act more socially and offer their technology to other companies, for example.

    • Transparency: All transactions carried out using cryptocurrencies are stored in the blockchain and are generally publicly accessible, which ensures the greatest possible transparency.

    • Low fees: Transactions made using cryptocurrency are usually cheaper than those using conventional currencies, as there are no banks or middlemen involved and the fees are therefore significantly lower.

  • In addition to the numerous advantages that cryptocurrencies bring, digital currencies also involve some risks. It is therefore very important that you familiarize yourself with the respective provider in advance. The following points should be noted:

    • Volatility: As cryptocurrencies are not issued by a government or a central bank, but are usually developed by a start-up or an IT company, their value can fluctuate greatly. They can also be used for speculation or otherwise misused, which further impairs their stability.

    • No regulation: Cryptocurrencies are still relatively new, unknown and at the same time on the rise. This means that digital currencies are not regulated in many countries, which is why there is a lack of legal protection.

    • Hacking: Like any digital technology, cryptocurrencies can also be influenced or stolen by hackers. However, most providers protect themselves against such attacks with their own state-of-the-art security standards.

  • The integration of payment providers with cryptocurrencies for online stores using Payrexx is quick and uncomplicated, without lengthy registration processes. In addition, our free open source Payrexx plugins are available to make integration easier.

    This allows you to smoothly integrate cryptocurrency providers for your online store project.

    Further information on the implementation of cryptocurrencies in the best-known e-commerce systems:

    View overview

    Also with our customized system: Payrexx Merchant API

  • With the help of Payrexx, you can integrate payment providers for cryptocurrencies into your online store quickly and easily - without lengthy and time-consuming registration processes. In addition, our free open-source Payrexx plugins are available to make integration easier.

    This allows you to smoothly integrate cryptocurrency providers for your online store project.

    Further information on the implementation of cryptocurrencies in the best-known e-commerce systems:

    View overview

    Also with our customized system: Payrexx Merchant API

  • If you integrate payment providers for cryptocurrencies with Payrexx in your webshop, we guarantee you the greatest possible security for every transaction. Payrexx enables the following security precautions when integrating cryptocurrencies:

    • Personal data, both yours and that of your customers, is stored on secure Swiss servers in compliance with the GDPR.

    • Payrexx is fully PCI DSS Level 1 certified, the highest global security standard for payment data, developed in cooperation with several credit card organizations.

    • To ensure secure data transmission, Payrexx uses encryption protocols such as SSL (Secure Socket Layer) with 256-bit encryption, the highest security standard.

    • The 3-D Secure process strengthens online payments with additional identification, minimizes fraud risks and chargebacks, and ensures maximum security and customer authentication.

    Within just 5 minutes, you can accept your first online payments securely and easily with Payrexx and cryptocurrencies for merchants.

Are you ready to get started? Try Payrexx free of charge and without obligation.