Hey entrepreneurs and startups, cryptocurrency payment gateway is one of the most profitable businesses in the crypto field. It's the right time to start a crypto payment gateway business. Before diving deep you should consider giving a quick glance at multiple crypto payment gateways. Cryptocurrency payment gateway is a software just like Bitpay and Coinpayments. Users can transfer their cryptocurrencies in exchange for goods and services. The admin can generate a lot of revenue from users’ every single transaction. That's why the crypto payment gateway business is an eye-catching business, especially in recent times. Now coming to the point, crypto payment gateway is developed using three methodologies,
- Open-source
- Scratch
- Clone software
Open source - Many websites have open-source codes for payment gateway. It's an easy copy-paste process to develop a payment gateway within a short period. But, it has a major flaw. It doesn't have security and ”Anyone can easily hack”.
Develop from scratch- Entrepreneurs can hire a development organization to create from scratch. The whole idea and features will be designed as per the entrepreneur’s idea. It takes a lot of time and the development cost would be 3x of your estimation.
Clone software- Many clone script providers have already developed clone software like bitpay and coin payment with high security and the latest features. It is ready-made software and it only requires a few subsidiary customizations (logo, contact details). The entrepreneurs can launch a crypto payment gateway in the crypto market within 7 days. Cost is also affordable (⅓) when compared to scratch.
Considering these three methodologies, Crypto payment gateway clone software is preferred by most startups. Because clone software has all the features of their parent gateway. Example- Bitpay clone software has all the same features as the Bitpay payment gateway. You can launch a bitpay clone script with quality parent software in a short span and at an affordable cost. That's why most startups prefer the Bitpay clone script.
Entrepreneurs should analyze each and every company's reputation, working technology, backup features, and services. There are a lot of inexperienced companies in the developing market. It is tedious to analyze all companies' portfolios.