In today’s article: COINQVEST review, we will highlight one of the best crypto payment processors in the market demonstrate all of the platform’s features and capabilities.
According to a report from Gemini, 14% of Americans own cryptocurrency which is about 20 million people. Furthermore, over 20% of American adults who never owned crypto are more likely to buy crypto in the next year.
The previous study proves an important point, accepting crypto payments will give you the chance for more probable clients. In fact, major companies like Mastercard, Microsoft, Starbucks, Amazon, and many other successful companies accept cryptocurrency. But, is it the only reason to accept crypto?
There are many advantages of accepting crypto payments such as lower fees, fast payments, high security, and more that we have discussed in this article here. However, crypto payments can be a double-edged weapon because transactions are irreversible, and also cryptocurrency is taxable.
How do you start accepting cryptocurrency payments? It is very simple and straightforward. Firstly, you should sign up for a crypto payment gateway, and then you can connect it to your website through plugins or create invoices.
COINQVEST is one of the best cryptocurrency payment processors. Once we get you started with the platform, you can start accepting crypto right away and we will explain all that during our COINQVEST review.
Also Read: 16 Best Crypto Analysis Tools in 2021..
Table of Contents
- About COINQVEST.
- Getting Started with COINQVEST.
- COINQVEST Alternatives.
COINQVEST provides digital currency checkouts that automatically go from Bitcoin to a bank account or crypto wallet, in seconds. Also, COINQVEST helps online merchants and e-commerce shops programmatically accept Bitcoin on their website and settle payments in new digital currencies while staying compliant, keeping their accountants and tax authorities happy.
In the next part, we will share with you the best features that we found during our COINQVEST review.
Easy and Compliant Billing.
With COINQVEST you can create checkouts with COINQVEST’s UI or Merchant APIs. Furthermore, you will be able to bill your customers in fiat currency (e.g. EUR, USD, NGN). And finally, you can cash out to either your bank account or your favorite blockchain.
Hosted and API Level Checkouts.
One of the easiest ways to integrate with COINQVEST is hosted checkouts. The platform will guide your customers through the payment flow where COINQVEST will automatically calculate the required payment price in each supported cryptocurrency.
Transaction Records and Accounting.
COINQVEST will automate invoicing, accounting and will keep a record of all your customers’ payments and transactions.
During withdrawals, you can convert to your favorite cryptocurrency. Furthermore, you can also choose to get paid to your bank account. Both methods are fast and secure.
Well Documented Rest API.
For further simplicity, COINQVEST API is well documented and makes it very easy for your developers to set it up. Moreover, COINQVEST API is compatible with all programming languages.
Accept payments in Bitcoin, Ethereum, Stellar Lumens, and more. Also, you can receive payment in USD, NGN, EUR, or your favorite crypto.
Real Time API Logging.
For achieving the most efficiency, you can view your APIs in real-time which allows you to identify errors instantly when they occur and keep an audit of your system’s interaction with COINQVEST.
Simple Refund Mechanisms.
It’s known that most cryptocurrency payment gateways do not allow payments refunds. But, with COINQVEST you can refund completed, overpaid, underpaid, or invalid payments and also associate refunds with checkouts and customers.
Supported Cryptocurrencies by COINQVEST.
Currently, COINQVEST supports Bitcoin, Ethereum, Litecoin, and Stellar. Each currency has a minimum checkout amount.
- Bitcoin: 0.0002 BTC
- Ethereum: 0.001 ETH
- Litecoin: 0.01 LTC
- Stellar: 0.0001 XLM
How much is COINQVEST fees?
COINQVEST has 5 different plans, each one is determined by how many sales you make.
- 0-50 accrued sales: 0.00% per checkout
- 51-250 accrued sales: 1.00% per checkout
- 251-500 accrued sales: 0.75% per checkout
- > 500 accrued sales: 0.50% per checkout
And if you make over 1,000 sales, you should contact the COINQVEST sales team.
The best part is that all of the previously mentioned plans have the same features, supported crypto and fiat currencies.
Which integrations does COINQVEST support?
COINQVEST supports the following integrations: WordPress, Woo Commerce, Shopify, Magento. Once you start with COINQVEST, you can start setting up your integration instantly.
Getting Started with COINQVEST.
In the following part of our COINQVEST review, we will explain how to start on the platform. Getting started will be divided into 3 sections. Merchant Payouts, Non-Developers, Developers.
Sign up on COINQVEST.
Firstly, for all 3 sections, head to COINQVEST main page and click on “Register” and fill up the required information.
After that, head to your Email and look for the activation link sent by COINQVEST’s team.
Non-Developers (Creating Invoice).
Firstly, on the left of your dashboard, select your billing currency. For example, we will select US Dollars. After that, click on “Request Payment”.
In case you are using COINQVEST for the first time, you will be asked to fill in some information, click on “Okay, take me there” and enter the required information.
After completing the required information, this window will open. Here, you can choose which currency you would like to bill your customers, either fiat or crypto and it will be a fixed price for your item, then click on “Next”.
Now, choose the currency you want to get paid in. COINQVEST will automatically convert payments to the selected currency. Your customers will also be able to pay in this currency.
After clicking on “Next” you can start adding items for your invoice. Furthermore, you can add shipping costs, discounts, and taxes.
Now, associate a customer with your charge. this will be used to generate invoices, payment receipts, and transaction reports for your accountants, auditors, and tax authority.
Finally, review your payment request then click on “Get Checkout URL”, and that’s what your payment request will look like eventually.
Firstly, hover over “API” in the top menu of your dashboard, then click on “API Settings” to get your API key and API secret.
Now, you can use the API key and API secret to connect COINQVEST to your website. And for further information visit COINQVEST guide for merchants.
Hosted Checkouts for Online Businesses and E-Commerce.
As a matter of fact, hosted checkouts are the easiest way to integrate with COINQVEST. Connecting your online business to COINQVEST will make your integration customizable. And you will get access to many plugins such as WordPress, Woo Commerce, Shopify, and Magento.
For further information, we recommend checking out COINQVEST’s detailed guide.
To sum up, during this COINQVEST review we have said all that we have about COINQVEST. And we can come to the conclusion that the platform is one of the most brilliant and powerful payment gateways. Due to the features, COINQVEST provides it can be easily your first choice among all other alternatives that we will speak about in the next section. More in our COINQVEST pros and cons list.
- Real-Time Conversion
- Compliant Accounting
- Easy Integration
- Very powerful
- Other alternatives support more cryptocurrencies.
There is no doubt that COINQVEST is one of the best recommendations when it comes to crypto payment gateways. However, many alternatives can do a similar job. We have made a list of all the possible alternatives for COINQVEST that you can check out below.
CoinGate is a payment gateway for blockchain payments. Their goal is to grow the adoption of cryptocurrencies on a global scale by laying out a reliable payments infrastructure that caters for the needs of both merchants and their customers: accessible, convenient and customer-oriented.
Finally, we would to know your thoughts on this COINQVEST review. Share your opinion in the comments section and we will be replying to you.