30 Sep 2021 · 3 min read

Merchants Can Now Accept Bitcoin, Ethereum, Litecoin, And More Using ALFAcoins

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

ALFAcoins is a cryptoprocessing service that is helping to bridge the gap between the crypto space and the payments space. Providing a trustless payment service to merchants, it has developed a product that addresses an immediate demand in the eCommerce universe. The service features a flat fee rate for merchants, completely eliminating the exorbitant fees required to process eCommerce payments through traditional providers.

ALFAcoins has positioned itself as one of the leading cryptoprocessing platforms. This, it does, by providing users both a secure wallet to store their cryptocurrencies and an easy way to integrate ALFAcoins for accepting crypto payments. The payments company currently supports a variety of leading cryptocurrencies in the space. These include BTC, ETH, LTC, BCH, DSH, and XRP.

Paying The Right Way With ALFAcoins

ALFAcoins offers merchants, and their customers, a better way to pay for goods and services. Its cryptocurrency wallets enable fast, private, and anonymous payments worldwide. Placing the payments processor in a unique position to service industries like iGaming, online gambling, sports betting, and eSports. Since these require fast payments and users often require a level of anonymity when using these services, crypto payments using ALFAcoins present the ideal way to pay on these platforms. 

The payments processor which was founded in 2013 has expanded its reach across the online payments space. With its multi-crypto offering, merchants can accept up to six different cryptocurrencies using ALFAcoins across seven countries.

Customers can also maintain both a personal and a business wallet on ALFAcoins, which provides a detailed history of transactions and allows users to track and manage their crypto investment portfolio. ALFAcoins wallet users can also transfer coins to other ALFAcoins wallet users for free, and external users for a small fee. So if a merchant implements ALFAcoins and sets up employees’ payroll on the platform, transfers to the employees’ wallets are completely commission-free.

Safe, Secure, And Affordable

ALFAcoins’ wallet provides both a secure way to save as well as spend cryptocurrencies. Wallets are protected by 2FA (two-factor authentication) and the cryptos are stored in cold storage. Its service also removes the risk of fraud for merchants, who are often subject to chargebacks on payment methods like PayPal and credit cards. Since crypto payments are trustless, the risk of chargebacks and fraud is eliminated.

Volatility remains a feature, and not a bug, of cryptocurrencies. Hence, it is imperative that volatility risks are mitigated if crypto payments are to be reliable. ALFAcoins removes volatility risks for payments by setting a fixed exchange rate for 15 minutes after the creation of an invoice. This gives the merchant ample time to send out and receive payments at the specific rate at which the invoice was created.

Crypto payments with ALFAcoins carry a low fee of 0.99% for each transaction. Merchants can either include this fee in their invoices, which would shift the fee to the customer’s side or exclude it and pay the fee themselves.

Evolution Of ALFAcoins

ALFAcoins was released as a cryptoprocessing solution for Bitcoin. Within the next three years, the project had undergone a complete redesign, with new features and integration methods for merchants. 

The next couple of years saw the addition of more payment methods like Ethereum, Bitcoin Cash, Litecoin, Dash, and Ripple. This expanded ALFAcoins’ user base with customers being able to pay with more cryptocurrencies.

The launch of the Donations feature allows users to add a special link to accept crypto donations directly on their websites, blogs, and YouTube channels.

In 2021, ALFAcoins underwent another redesign with the launch of v3.0, and with this redesign came multi-currency functionality for its wallet services.

“Our goal is to show cryptocurrencies are convenient and safe to use, making cryptocurrency payments widely adopted and provide the instant ability to move any amount of money around.”

ALFAcoins can easily be integrated on websites using APIs and IPNs provided by the payments processor, by creating a payment button, or using Wordpress Shopping Cart Plugins to enable crypto payments on their website. To get started with ALFAcoins, head over to their website at https://www.alfacoins.com/.