Cryptocurrency payment is a payment service that helps to realize fast and easy transfer transactions. They are used by individuals or businesses. Cryptocurrency payments protect users from the hassle of manually copying addresses and making mistakes. A cryptocurrency card can be used to make traditional money payments with cryptocurrency. 

Cryptocurrency payment services are more intuitive than wallets and require user support. They may charge fees. Cryptocurrency payment services take longer to set up than wallets. 

How Do Cryptocurrency Payments Work?

Cryptocurrency payment enables the transfer of cryptocurrency from one wallet to another wallet. In order to perform cryptocurrency transfers manually, it is necessary to know the recipient's public address. Using the sender's wallet, the sender copies the recipient's public address and transfers the money. If users send cryptocurrency to the wrong public address or choose the wrong blockchain network, the transaction cannot be reversed. Since cryptocurrency cannot be returned, users should avoid making the wrong transaction. 

Providers have created cryptocurrency payment methods to contribute to the error-free transfer of cryptocurrency. Thanks to the method, complex transfer transactions can be carried out more easily and quickly.

Cryptocurrency payment transactions start with the user deciding to pay for a service, person, money or product. The recipient generates a QR code containing the recipient's public address and the amount, which is an invoice for the digital asset to be paid with the payment gateway. The user confirms the payment by scanning the QR code generated by the recipient with the application. At the end of these transactions, the digital asset is transferred to the recipient's digital wallet.  

How to Pay with Cryptocurrency?

The cryptocurrency payment system enables the buy, sale and transfer of cryptocurrency to be realized in a fast and simple way. In cryptocurrency payment systems, how the user wants to initiate trading or transfer transactions is customized with the application they have chosen.   

For cryptocurrency payment transactions, cryptocurrency must first be acquired. Cryptocurrency payment methods are a safe and simple method for users who are not familiar with cryptocurrency wallets and cryptocurrency transfer transactions.

In order to perform transactions with cryptocurrency, it is necessary to have a cryptocurrency wallet. Cryptocurrency wallets can be installed on computers or mobile devices. Wallets are very important for accessing cryptocurrency. Wallets store the private keys used to access the cryptocurrency and also contain the public key used to perform cryptocurrency transactions. 

Cryptocurrency platforms offer wallets compatible with different cryptocurrency platforms to their users who want to perform cryptocurrency transfers with a different platform. Wallets have the ability to scan the QR code generated for the transfer transactions. Some wallets offer contactless transactions.

What Is a Crypto Payment Card?

Cryptocurrency payment cards allow the daily payment transactions of cryptocurrency to be realized. Users who have crypto payment cards can make payment transactions for the products they buy. 

Crypto payment cards work by loading cryptocurrency to cards via mobile applications and websites. Crypto payment cards have high limits and low transaction fees. Cryptocurrency payment card providers aim to help you use cryptocurrency in your transactions by converting them into cash money. 

Which Companies Accept Cryptocurrency Payments?

Not every company accepts payment with cryptocurrencies today. But the number of companies accepting cryptocurrency payments is growing. Here are some popular companies and institutions that accept payments with cryptocurrencies:

• Mastercard
• Coca-Cola
• Starbucks
• Visa
• Tesla

Mastercard

Mastercard allows its users to trade cryptocurrency. 

Coca-Cola

Coca-Cola accepts payments with cryptocurrency from its vending machines in Australia and New Zealand. 

Starbucks

Starbucks receives payments in cryptocurrency with its newly developed Bakkt application. Membership to the Bakkt application can only be created by invited persons. 

Visa

Visa enables payment with USD cryptocurrency. 

Tesla

Tesla will be paid in cryptocurrencies for vehicle sales in the US.

What Are the Advantages of Cryptocurrency Payments?

Here are some of the advantages of paying with cryptocurrencies:

• Cryptocurrencies are used in every country and for international payment transactions. 
• The cryptocurrency payment service offers a support team to assist the user in case of need. The service is not valid for manual transactions. 
• It helps users who do not have information about the transactions carried out with cryptocurrency to perform their transactions in a simple way. 
• Thanks to cryptocurrency payment systems, transactions are carried out quickly. In the realized transactions, the transaction fee is charged in small amounts.

What Are the Disadvantages of Cryptocurrency Payments?

Here are some of the advantages of paying with cryptocurrencies:

• Long processes such as KYC (Know Your Customer) checks are required. 
• Some of the payment networks may charge high fees for services.
• The possibilities for using cryptocurrency as a payment method are limited.

What Is MetaPayment?

MetaPayment is a cryptocurrency payment system created within the Metatime ecosystem that enables trading transactions with cryptocurrency. 

MetaCard

Metatime provides MetaCard to its users who fulfill the necessary KYC verifications, which are provided by Metatime partner banks. With MetaCard, you can pay your daily expenses with cryptocurrency and prioritize which digital asset to pay with through personalization settings made through the Metatime application.

MetaPOS

For sites where trading transactions are carried out, cryptocurrency payment receiving options are provided with MetaPOS. MetaPOS can be used to easily receive payments from MetaCard holders or other Metatime users.

Physical POS

With the Physical Pos device developed for users with corporate or physical branches, both MetaCard users and all users with the Metatime application can quickly and easily receive payments with cryptocurrency.

QR

Through the Metatime app, users can make or receive cryptocurrency payments via QR code.

Link

Users can make or receive payments via a link created through the Metatime app.