🪙Crypto

Accept crypto payments on your application

This section gives you an overview of how to accept crypto payment methods through PaySwitcher.

Crypto payments are a new way to pay using digital currencies like Bitcoin, Ethereum, and Litecoin. It's fast, cheap, and private compared to traditional payment methods. Crypto payments use blockchain technology to record transactions securely and transparently without the need for intermediaries like banks.

How does a crypto payment work?

1. The customer selects the crypto payment option on the merchant's checkout page

2. The customer is redirected to the cryptocurrency wallet to complete the payment

3. The wallet generates a payment request and displays the payment amount and recipient's public address

4. The customer confirms the transaction in their wallet and sends the payment to the recipient's public address on the cryptocurrency network

5. Once the payment is confirmed and processed by the cryptocurrency network, the merchant can access the payment in their cryptocurrency wallet

Configuring Crypto on PaySwitcher

You can configure Crypto on PaySwitcher by following the steps mentioned below -

1. Configure Crypto on the processor

2. Login to PaySwitcher dashboard

3. In the Connectors tab, select your processor

4. Enable currency as Crypto

Note: Billing address first name and description are mandatory fields for Crypto