The number of businesses accepting cryptocurrency continues to grow, along with the number of payment gateways offering crypto payment processing services. Accepting cryptocurrency payments is often simpler, faster, and more cost-effective than traditional payment methods. However, when choosing a solution, it is important to understand the differences in architecture, fund management, and overall approach.
At Bcon Global, we believe that blockchain technology and cryptocurrencies were created as a new model for payments—one that should differ from traditional banking systems not only in form but also in concept. Cryptocurrency payments should allow merchants to maintain full control over their funds without relying on intermediaries.
In this article, we explain how to start accepting cryptocurrency payments in a way that minimizes dependence on service providers, reduces the risk of funds being frozen by a payment gateway, and eliminates concerns about third-party custody. We will also explore how a non-custodial approach can help businesses avoid many of the ongoing account reviews, compliance checks, and KYC/AML requirements that users of traditional payment processors often encounter.
Key Takeaways
- The number of businesses accepting cryptocurrency is increasing due to its simplicity, speed, and cost-effectiveness.
- Bcon Global offers a non-custodial crypto payment gateway that enables direct wallet settlements, enhancing fund control for merchants.
- Businesses prefer Bcon Global for benefits such as real-time payment monitoring, support for multiple blockchains, and automatic invoice generation.
- Merchants can accept various cryptocurrencies and stablecoins, thus expanding their payment options significantly.
- Bcon Global charges only 1% of processed transaction volume, ensuring affordable transaction fees with no interruption to services.
Table of contents
Why Businesses Are Switching to Crypto Payments
Card payments and traditional payment systems are becoming less attractive due to significant legal and regional restrictions, slower processing times, and high fees charged by service providers. If you are reading this article, we probably do not need to explain why cryptocurrency is worth accepting as a payment method—you have likely already come to that conclusion yourself.
Bcon Global offers a different approach. Our non-custodial crypto payment gateway allows merchants to receive payments directly on the blockchain. Funds are sent straight to the merchant’s wallet without passing through Bcon Global accounts.
Businesses choose Bcon Global because of our key advantages:
- Direct-to-wallet settlements
- Non-custodial payment processing
- Support for multiple blockchains
- Stablecoin payment acceptance
- Automatic invoice generation
- Real-time payment monitoring
- API and eCommerce integrations
Thanks to the non-custodial approach, you do not depend on a third party to access or manage your funds, much like accepting cash directly from a customer in person. Bcon does not hold your money or act as an intermediary. Instead, it simply automates the process of monitoring blockchain transactions, verifying payments, and notifying your CRM system about payment statuses and confirmations.
How a Crypto Payment Gateway Works
In the service dashboard, you specify the wallet addresses where you want to receive funds. When your customer places an order, Bcon Global creates an invoice containing the wallet addresses you have specified. The service monitors whether the required amount has been received at the wallet address specified in the invoice and notifies the system on your website whether the payment has been completed or not, as well as its current status. In other words, the service automates the same process that you would perform manually when accepting such a payment, by providing a wallet address to the customer and tracking the payment through a public blockchain explorer.
Custodial vs Non-Custodial Models
Not all crypto payment gateways operate the same way.
| Feature | Custodial Gateway | Bcon Global |
| Holds merchant funds | Yes | No |
| Controls private keys | Yes | No |
| Direct wallet settlement | No | Yes |
| Third-party custody risk | Higher | None |
| Merchant controls assets | Limited | Full |
With custodial providers, funds are usually stored by the payment processor before being transferred to the merchant. Bcon Global follows a fully non-custodial model. Merchants keep control of their wallets, private keys, and cryptocurrency at all times.
Direct-to-Wallet Cryptocurrency Settlement Explained
Direct-to-wallet settlement is one of the main reasons businesses choose Bcon Global.
Instead of sending payments to a processor-controlled wallet, customer funds are transferred directly to the merchant’s wallet address.
Key Features to Look for in a Crypto Payment Gateway
Naturally, when choosing a payment solution, you focus on the security and safety of your funds, the capabilities of the service, the number of supported cryptocurrencies and blockchain networks, and the experience of other users.
Multi-Blockchain and Stablecoin Cryptocurrency Support
Supported networks include:
- Bitcoin
- Ethereum
- TRON
- Binance Smart Chain (BNB Chain)
- Solana
Supported stablecoins include:
- USDT
- USDC
- USDS
- TUSD
Transaction Fees and Pricing
Service fees are paid separately by topping up your account balance in the client area. We charge only 1% of processed transaction volume and allow negative account balances. This means that if you forget to pay for our services, we will not suspend your account or interrupt your ability to accept payments.
Security and Control Over Funds
Security is at the core of the Bcon Global platform.
FAQ
Which cryptocurrencies can I accept with Bcon Global?
Merchants can accept Bitcoin (BTC), Ethereum (ETH), BNB ( BEP-20), Solana, TRX, USDT, USDC, USDS, TUSD, WBTC, WETH and other supported digital assets across multiple blockchain networks.
Do customers send cryptocurrency payments directly to my wallet?
Yes, customer payments are sent directly to the wallet address configured by the merchant.
Does Bcon Global hold merchant funds?
No. We never store, manage, or control merchant funds.
Can I accept stablecoin payments?
Yes. Our platform supports USDT, USDC, USDS, TUSD cryptocurrency across multiple blockchain networks.
