PayCoiner, a London payment processor, handles cryptocurrency transactions for merchants. The platform lets store owners choose which currencies to accept, with Bitcoin, Ethereum, Ripple, and Litecoin
PayCoiner, a London payment processor, handles cryptocurrency transactions for merchants. The platform lets store owners choose which currencies to accept, with Bitcoin, Ethereum, Ripple, and Litecoin among the options.
The Neustar International Security Council found that 80 percent of organizations want to use digital currencies like Bitcoin for transactions. Yet most lack the infrastructure to do it. PayCoiner aims to fill that gap.
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Merchants integrate the platform in three ways: through a plugin, by downloading a PHP library, or by building directly on the API. Each approach removes friction from setup. The platform freezes exchange rates the moment a customer initiates payment, shielding both parties from volatility. If Bitcoin trades at $6,500 when the transaction starts, the buyer pays the $6,500 equivalent no matter where prices move afterward.
The fee structure runs thin. PayCoiner charges 0.45 percent per transaction, making it affordable for high-volume operations. Customers maintain control of their private keys. Transactions route through private servers disconnected from the public internet.
CoinDeal, a cryptocurrency exchange focused on speed and low fees, uses PayCoiner's infrastructure. The partnership demonstrates the platform's appeal to exchange operators. Verified Solutions, the software firm behind PayCoiner, customizes deployment for each exchange based on user count, supported coins, transaction volume, and operational scale. The same studio created BuyCoinNow, another crypto payments processor, and now serves as CoinDeal's IT partner.
The original promise of cryptocurrency was payment. For years, the narrative shifted to speculation. PayCoiner and platforms like it push the conversation back toward utility. If enough merchants adopt these tools, digital currencies could become the default payment method rather than a casino for traders.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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