Accept Monero on Your Website
Let your customers pay with Monero (XMR). Get Euro payouts or convert to Bitcoin.
Monero (XMR), is a privacy-centric cryptocurrency. Regarding transparency, it is the complete opposite of Bitcoin, with Monero's blockchain being completely hidden from the public's eye. The platform markets itself as the free, open-source, secure, untraceable, and private currency.
That may sound like a mouthful, but it is true. Monero uses three different privacy algorithms to secure transactions by hiding important details. The sender, transaction amount, and receiver addresses are all hidden. Nobody can see how much money you are sending/ receiving with Monero.
Monero relies on proof-of-work mining to secure its blockchain. Most of the mining power comes from GPUs, followed by CPUs. For Monero, ASICs are discouraged by design as they are looked upon negatively, due to their ability to control crypto markets based on mining.
Official Website: http://www.monero.cc/
How to accept Monero payments on your website?
CoinGate makes it easy to receive customer payments in most popular cryptocurrencies, including Monero. To make it simple for merchants, all received payments are automatically settled to EUR/USD or to BTC, depending on your preference.
To integrate our payment gateway on your website, choose either:
- One of CoinGate ready-made integrations for e-commerce content management systems or web billing platforms (like WooCommerce, Magento, PrestaShop, OpenCart, WHMCS and similar)
- Developer API that can be configured for any website and different codebases (e.g. Ruby, PHP, Omnipay, Python, NodeJS...)
- Payment buttons for accepting donations or simple payments (for example, if you only sell one or several products)
To get started with accepting Monero as well as Bitcoin, Litecoin and other coins, first, sign up with CoinGate. Then, create API credentials if you are planning to use our e-commerce plugins or the API; if not, go ahead and create your first payment button.
If you wish to keep all your received payments in cryptocurrency (i.e. to receive payouts in Bitcoin), then no verification is usually needed to use CoinGate. For Euro or U.S. Dollar settlements, you will have to pass our simple merchant verification procedure by uploading your business documents and director's ID.
How it Works - Accept Monero Payments on Any Store
Payouts in Euros, U.S. Dollars or Bitcoin
You are selling a product or service in your store and set the price in a currency of your choice (for example 10€).
We calculate how much bitcoins it is worth, in real-time, by selecting the best price from several Bitcoin exchanges.
Your Customer pays with bitcoins and Altcoins.
You receive 9.90€ (10€ - 1% processing fee).