A crypto payment gateway sits between a merchant and the blockchain, the way a card gateway sits between a merchant and the card networks. It generates payment addresses or invoices, watches the chain for confirmations, protects the merchant from price swings during the payment window, and settles the proceeds — in crypto or converted to fiat.
How it works
- The merchant creates an invoice; the gateway quotes an amount in the customer’s chosen coin, locked for a short window.
- The customer pays to a unique address (or via a wallet deep-link / QR code).
- The gateway tracks confirmations and marks the payment complete once finality is reached for that chain.
- Settlement runs on the merchant’s schedule: keep the crypto, or auto-convert and receive fiat or stablecoins.
Why merchants use one
Accepting crypto directly means running wallets, monitoring multiple chains, handling under- and over-payments, and carrying volatility risk between payment and settlement. A gateway absorbs all of that behind one API and one dashboard, and adds the operational pieces — refunds, reporting, webhooks — that finance teams expect from card processing.
Crypto payments at Monbits
Monbits Pay is a crypto payment gateway for online businesses: one integration to accept the major coins and stablecoins, with instant conversion, webhooks and settlement options designed to keep accounting simple.