How Crypto Exchanges Pioneer a Seamless Merchant Payment Experience

A Silent Take Over: The Rise Of Crypto Commerce 

But can a cryptocurrency exchange software act as a Web3 economy payment gateway for merchants conventionally dealing in fiat? Why not? Sony Singapore now lets shoppers pay in USDC through Crypto.com’s payment service. Emirates has also partnered with Crypto.com to introduce cryptocurrency as a payment mode at Dubai gas stations. With fiat on/off ramps, payment APIs, dashboards, and a few other integrations, your crypto exchange software development can transcend trading’s trammel and unlock tangible utility by enabling everyday spending. For existing trading platforms and emerging exchanges, this isn’t just a trend but a multi-billion-dollar opportunity waiting to be seized. Let’s break down how one can transform their exchange into a merchant payment powerhouse.

But can a cryptocurrency exchange software act as a Web3 economy payment gateway for merchants conventionally dealing in fiat? Why not? Sony Singapore now lets shoppers pay in USDC through Crypto.com’s payment service. Emirates has also partnered with Crypto.com to introduce cryptocurrency as a payment mode at Dubai gas stations. With fiat on/off ramps, payment APIs, dashboards, and a few other integrations, your crypto exchange software development can transcend trading’s trammel and unlock tangible utility by enabling everyday spending. For existing trading platforms and emerging exchanges, this isn’t just a trend but a multi-billion-dollar opportunity waiting to be seized. Let’s break down how one can transform their exchange into a merchant payment powerhouse.

Why Merchants Are Demanding Crypto Payments

There was a time when the “crypto for payments” narrative was considered clunky, complicated, and overwhelming for mainstream businesses. But, not anymore! Global cryptocurrency owners reached 659 million by the end of 2024, and there’s no going back. 

Deloitte predicted in 2022 that 75% of the US retailers would accept crypto payments in the next 24 months, and it’s already happening. But what’s driving this skyrocketing demand?

• Borderless sales: With cryptocurrency exchange software solutions powered by crypto payments, merchants can tap into global customers without forex headaches or exorbitant fees. 
• Lower fees: Credit card processors charge 1.5–3.5% per transaction. Crypto payments can slash this to 1% or less.
• New Customers: Accepting crypto also taps into a global customer base. Industry reports forecast that B2B crypto cross-border flows, estimated at $31.6 trillion in 2024, could reach $50 trillion by 2032.
• Faster settlements: No waiting 3–5 days for bank approvals—crypto settles in minutes, even across borders. This speed is a boon for time-sensitive commerce (e.g., travel, digital goods). This speed is a boon for time-sensitive commerce (e.g., travel, digital goods).

But here’s the kicker: merchants won’t adopt crypto if they can’t easily convert it to fiat or stablecoins. That’s where your cryptocurrency exchange software solutions come in. By leveraging your existing infrastructure and expertise in handling digital assets and fiat conversions, you can offer merchants a payment experience that’s not just novel but demonstrably better. But how?

Merchants Want Simplicity, Speed, and Savings – Your Exchange Can Deliver, Here’s How:

Merchants can use your crypto exchange’s wallet infrastructure and APIs to accept crypto payments from their customers and instantly convert them to fiat/stablecoins, without building anything themselves. This converged model opens up a powerful new value proposition: instant, borderless payments for businesses and customers alike. However, merchants don’t care about the intricacies of distributed ledger technology. They care about their bottom line, customer experience, and operational efficiency, and here’s how your crypto exchange software development can enable it:

• Slashing Those Hated Transaction Fees: 

Traditional crypto payment processors often hit merchants with fees ranging from 2% to 4% per transaction, plus additional charges. Crypto payments, facilitated by efficient cryptocurrency exchange software platforms can dramatically reduce these costs, often to 1% or even lower. Imagine the appeal to a small business owner when you tell them they can keep more of their hard-earned money. 

• Say Goodbye to Chargeback Nightmares, Hello To Near-Instantaneous Transactions

Fraudulent chargebacks are a billion-dollar headache for businesses. Crypto transactions, by their nature, are often final. This significantly reduces the risk and cost associated with chargeback fraud, a huge selling point for any merchant, especially in high-risk industries. Also, by integrating stablecoins and faster blockchain with the help of your Crypto Exchange Development Company, your exchange can facilitate high transaction throughput, leading to customers’ customer satisfaction. 

• Enhanced compliance tools. 

Exchanges can bundle KYC/AML checks into the crypto payment flow, relieving merchants of compliance burdens. Leading KYC/AML providers (e.g., Jumio, Onfido, Sumsub) and blockchain analytics (Elliptic, Chainalysis) plug into exchanges to vet customers and flag suspicious transactions, ensuring regulatory compliance. Your Crypto Exchange Development Services provider can extend these third-party KYC/AML services as well.

• Educate Merchants: 

Not all merchants are aware of the web3 world, and some might want to know how your crypto payment gateways work. To facilitate a safe and streamlined transactional experience, your cryptocurrency exchange software must offer comprehensive information about its products and services to its B2B customers (merchants). Creating guides, webinars, and 24/7 support are some of the essential tactics to ease web3 adoption. 

The Role Of A Reliable Crypto Exchange Development Company 

• Merchant wallets: Businesses can create custodial or hybrid merchant wallets for businesses by partnering with a reliable crypto exchange development company. These wallets can help businesses manage their stablecoins or cryptocurrency balances, as crypto exchanges acting as crypto or stablecoin payment gateways directly credit the payments into those wallets.   
• Payment APIs Modern payment APIs let merchants add “Pay with Crypto” or “Pay with Stablecoin” buttons or QR codes as easily as credit cards. Platforms like Coinbase Commerce, BitPay, and now Binance Pay provide plugins and APIs that connect to e‑commerce systems. Your Cryptocurrency Exchange Development can also offer such crypto payment APIs and facilitate crypto transactions for merchants.
• Fiat Ramps: Fiat ramps allow users to swap crypto for traditional currency or stablecoins (and vice versa) instantly. For merchants, this means auto-conversion to stablecoins or fiat, which comes with:

• • Zero volatility risk: Convert crypto to USD, EUR, or GBP at the point of sale.
  • Simplified accounting: Taxes and payroll stay in fiat, avoiding crypto’s price swings.
  • Mainstream accessibility: Customers pay in crypto; merchants receive cash or their desired stablecoins.

• Blockchain and Clearing: Many in-exchange crypto payment systems offered by top-notch Crypto Exchange Development Services use Layer-2 networks (like Base, Polygon) or fast blockchains (like Avalanche, Solana) to reduce fees and speed. On the backend, exchanges maintain liquidity reserves in fiat and stablecoins to instantly execute conversions.
• Dashboard for invoicing, settlements, KYC: Exchanges expose APIs and dashboards that merchants integrate directly with their checkout interfaces so customers can pay directly from their crypto wallets or app accounts. These APIs handle order creation, invoice generation, and status callbacks. Your crypto exchange development company ensures that these dashboards are user-friendly and flawless.

How Your Exchange Can Cash In

Integrating fiat ramps isn’t just a feature but it’s a revenue engine for cryptocurrency exchange software solutions. Here’s how they can leverage it to its full potential:

A.  Partner with Payment Processors

Collaborate with giants like Stripe, Shopify, WooCommerce, or other progressive traditional payment providers to embed your crypto payment services into existing checkout systems. 

B.  Offer White-Label Solutions

Let merchants or the payment processors brand the cryptocurrency merchant payment gateway as their own. Emerging exchanges like MoonPay and Wyre have thrived by offering customizable APIs.

C.  Layer in Loyalty Programs

Reward users for spending crypto at partner merchants. This not only boosts crypto adoption for payments but also the bottom line for cryptocurrency exchange software as it creates demand for their merchant payment solutions. 

The Bottom Line: Why Your Cryptocurreny Exchange Software Can’t Afford to Wait

• One recent analysis found that in 2024, 12,834 merchants worldwide accepted crypto (up 50% year-over-year), and 88% of those reported higher revenue after enabling crypto payments.
• In Europe alone, 5,677 businesses were crypto-enabled as per a survey.
• Globally, over 12,000 merchants now take crypto, up 50% in a year, signaling a real appetite for crypto checkout solutions.

Source: NFTevening

Even Steak and Shakes, a fast-food giant, has also very recently embraced crypto payments. The race is heating up, but the finish line is still wide open. By enabling fiat on/off ramps, you’re not just adding a feature for your cryptocurrency exchange software. You’re unlocking:

• New revenue streams (transaction fees, SaaS subscriptions, Spread on FX conversion, optional premium features such as settlement speed, fiat payout, invoice analytics).
• Attract more B2B users (not just retail traders).
• A competitive edge in a crowded market.
• Sticky user engagement as traders become spenders.

Your exchange becomes the backend engine merchants use to get paid in crypto. And in long run, maybe the “default crypto payment layer”

The question isn’t “Should we do this?” but “How fast can we launch?”

Antier brings over seven years of blockchain expertise, having delivered 500+ solutions. Whether you’re an established trading platform aiming to add merchant payment capabilities or an emerging exchange looking to launch with a future-ready payment gateway, we’ve got you covered. 

Hurry up, the crypto future isn’t on trading screens anymore but at checkout counters. For forward-thinking exchanges, the time to act is now.

Get ready to turn your exchange into a merchant payment hub; let’s join forces!