What are the advantages of using an on-chain payments API over regular payment gateways?
Businesses and freelancers are shifting away from traditional payment methods in today’s digital economy. BitLily’s on-chain payments API is a smarter, decentralized option that lets people send and receive cryptocurrencies directly without middlemen or excessive processing costs.
PayPal and Stripe are examples of traditional gateways that depend on banks and centralized processors. They often charge a lot, have rules about where you can send money, and take days to finish cross-border transactions. Blockchain technology makes it possible for on-chain payments APIs, like BitLily’s Web3 payment infrastructure, to get rid of those problems.
Faster Transactions, Lower Fees
BitLily’s blockchain payment gateway processes every crypto payment in minutes, not days. On-chain APIs are great for freelancers, creators, and Web3 startups because they don’t have to go through banks, which lowers processing expenses.
Borderless and Multi-Chain Payments
BitLily works with Bitcoin, Ethereum, and stablecoins like USDT and USDC, so businesses can accept payments from anywhere in the world right now. With its multi-chain payment processor, users may reach customers all around the world without having to worry about converting currencies.
Enhanced Security and Transparency
BitLily’s on-chain payments API records every transaction on the blockchain, which is different from typical payment gateways. This openness avoids fraud, chargebacks, and manipulation, so both customers and sellers may trust each other completely.
No KYC & Instant Crypto-to-Fiat Settlement
BitLily’s no-KYC crypto API lets people trade without having to reveal their personal information, but it also lets businesses settle crypto-to-fiat transactions when they need to. It’s a system that works for freelancers and digital merchants all around the world.
Seamless Integration for Developers
You can easily add BitLily’s crypto merchant API to any website or platform. With just a few lines of code, developers can add stablecoin payment APIs, handle billing, or even set up automated cross-border crypto payments.
Power Your Business with BitLily
You can start receiving crypto payments from around the world right now.
👉 Sign up for BitLily’s On-Chain Payments API or get your BitLily Crypto Card to experience fast, secure, and borderless transactions built for the Web3 economy.