Decentralized Payment Gateway: Next Step in e-Commerce Payment Gateway Revolution

The influx of technology has revolutionized the financial industry in the last few years. New payment methods eliminate issues in the rigid pattern of cash payments. Today, the decentralized option as an e-commerce payment gateway helps transform traditional websites into successful online stores.    

A decentralized e-commerce platform empowers modern businesses by allowing them to manage their products and services online without requiring the need for a third-party provider. Using this method, businesses can effectively serve their customer needs and attain satisfactory results. 

What is Decentralized Payment Gateway

Powered by blockchain technology, a decentralized payment gateway is a secure and fast method of transfer. It simplifies the process of purchasing on an e-commerce store and adds transparency to the process. In addition, buyers get control of the purchase.  

Users get simple add to cart HTML buttons, which enable them to shop and pay at the online store without leaving the platform. In this way, the payment gateway option provides users with a cross-domain shopping experience. 

A company can add the payment system to its website by including a few code lines to its existing section. Once added, the company can sell products and services online through blockchain-based cryptocurrency. 

Benefits of Decentralized Payment Gateway

Blockchain is reputed for speed, efficiency, and transparency it provides during the payment transfer process. From health to marketing and advertising, several sectors have experienced the benefits of blockchain in the recent past. 

In the last few years, the technology offered blockchain-based fully backed cryptocurrency to make online shopping easier and secure for both an e-commerce company and its customers. 

Some other benefits of the payment gateway include:

Safe payments

The decentralized nature of the payment gateway makes payments safe against malicious attacks. As no third-party is involved in the process, there are fewer chances of mistakes or fraud. Also, once the payment is transferred, it cannot be reversed, which is useful for businesses. 

Cross-border payment

One more thing that makes it the best online payment gateway is the cross-border payment ability it offers. Through cryptocurrency, customers in any part of the globe can make a payment for the product they have purchased from an online store. 

Freedom

Removing third-party mediums or separate applications for payments, a decentralized system as an e-commerce payment gateway gives complete freedom to an online store to handle payments in its own way. A company can decide how and where it wants to conduct payments.  

How to Add Decentralized Payment Gateway to Your Website

Here, you need to work with a company that offers the services of a decentralized system to turn your site into an e-commerce platform. At Xion, you can begin the process by downloading the Xion Wallet browser extension from the Google Chrome store. 

Once done, log in on the Xion Platform. Visit the create section and get the checkout buttons of your choice. 

When you have found the right button for your online store, add two lines of Xion Javascript to your website’s page. Complete the step by adding the checkout button to each product page. 

Now, you are all set to sell products, services, or subscription offers on your website. You can control and manage checkout buttons as per your needs. 

Final Words

A  decentralized system is the best payment gateway for small business and large companies that want to sell their products to global customers. It is a safe, reliable, and simple way for both customers and the sellers. For an easy and secure payment gateway solution for your website, visit Xion. Power your business with a decentralized gateway. All the best!