What is Ethereum payment?

An Ethereum payment is a transaction made using Ether (ETH), the native cryptocurrency of the Ethereum blockchain.

Unlike Bitcoin, which primarily serves as digital gold or a store of value, Ethereum enables payments alongside smart contract functionality, making it a versatile platform for decentralized applications. This dual capability allows businesses to not only accept payments but also automate agreements, escrow services, or other transactions, providing more flexibility compared to traditional cryptocurrencies.

How does Ethereum payment gateway work?

1

Set Up Ethereum Payments for Your Business

‍Calypso Pay provides a comprehensive payment gateway API, allowing you to easily add Ethereum, EVM-based tokens, Ethereum based stablecoins like USDC-ERC20 and FRAX-ERC20 and other crypto payment options to your website or platform.

2

Customer Selects to Pay with Ethereum

Your customers can choose to pay with Ethereum or other supported cryptocurrencies. They can also pay in fiat, which Calypso Pay will convert into crypto for your account.

3

We Generate a Payment Widget

Calypso Pay instantly creates a payment widget that calculates the amount in Ethereum and provides the payment details to your customer. You can also enable auto-conversion to minimize the impact of price volatility.

4

You Receive Payments Directly

Once the payment is processed, funds are sent directly to your business wallet. You have the option to transfer internally with zero fees.

Why use Ethereum for business?

  • Fast Transactions: Ethereum processes transactions within 12-15 seconds on average, enabling near-instant payments compared to traditional banking systems that can take days.
  • Lower Fees: Transaction fees on Ethereum vary based on network activity but are often more competitive than credit card processing fees, which typically range between 1.5% and 3%.
  • Global Reach: Ethereum enables businesses to accept payments from anywhere in the world without relying on intermediaries or being limited by banking infrastructure.
  • Smart Contract Integration: Ethereum supports programmable agreements, automating tasks such as invoicing, payment confirmations, or supply chain processes.
  • High Adoption Rate: With over 500,000 daily active addresses (as of 2024), Ethereum is one of the most widely used blockchains, offering businesses access to a large and engaged user base.
  • Multi-Asset Support: Beyond Ether (ETH), the Ethereum blockchain supports thousands of tokens like USDC and DAI, allowing businesses to offer diverse payment options.

These factors make Ethereum a versatile and practical solution for modern businesses.

How to accept Ethereum payments for business?

1. Sign Up for a Calypso Pay Account. Register with Calypso Pay in under a minute. Our support team is available to assist with onboarding and integration.

2. Create an API Key. Generate an API key to set up the Ethereum payment gateway. This will allow you to accept Ethereum payments and make payouts seamlessly.

3. Set Up a Payment Widget. Create a cryptocurrency Payment Widget, add Ethereum as a payment option, and embed it on your website. Customize the payment flow to match your business needs and branding.

With these steps, you're ready to start accepting Ethereum payments through Calypso Pay.

Ethereum payment methods

Invoices: limited and unlimited crypto invoices, fiat invoices.

Payouts: single and mass payouts.

Specific cases: recurring payments, payroll.

Payment flow: Payment Widget, Payment Link or Embedded Link.

Ethereum payment gateway API: is supported.

FAQ

How do I accept Ethereum payments?

  • Sign up for a Calypso Pay business account.  
  • Complete the onboarding process with our account manager.  
  • Generate your first API key.  
  • Use our API documentation or get help from our support team to integrate.  
  • Add Ethereum (ETH and Ethereum based tokens) as a payment option in your checkout.

What is an Ethereum payment gateway?

An Ethereum payment gateway is a suite of tools that allows merchants to accept Ether (ETH) as payment. It provides a seamless way for businesses to accept cryptocurrency for goods and services.  

What is the Ethereum payment method?  

The Ethereum payment method enables you to receive Ether (ETH) for your products or services. It can be implemented via API, e-commerce plugins, invoices, or payment widgets.  

What is the transaction speed for Ethereum payments?

Ethereum currently processes transactions in approximately 15 seconds, depending on network congestion. With Ethereum 2.0 upgrades, scalability is improving, reducing delays further.  

What are the transaction fees for Ethereum payments?

Transaction fees, called “gas,” depend on network activity. During peak times, fees can range from $0.50 to $20 or more, but upgrades like Layer 2 solutions (e.g., Arbitrum or Optimism) significantly reduce costs.  

Can I accept Ethereum on Layer 2 solutions?

Yes, you can accept Ethereum on Layer 2 networks like Polygon, Arbitrum, or Optimism, which offer faster transactions and lower fees compared to the main Ethereum network.  

Does Ethereum support smart contract payments?

Yes, Ethereum’s smart contracts enable automated and programmable payments, ideal for subscription services, escrow arrangements, or revenue-sharing models.  

Is Ethereum better for micropayments or large transactions?  

Ethereum is suitable for both. For micropayments, Layer 2 solutions or sidechains are recommended to keep fees low. For large transactions, Ethereum’s transparency and security are advantageous.  

Can I track Ethereum payments?  

Yes, Ethereum payments are fully traceable via blockchain explorers like Etherscan, ensuring transparency for both businesses and customers.  

What industries commonly use Ethereum payments?  

Ethereum is popular in industries like e-commerce, gaming, DeFi, NFT marketplaces, and technology services due to its smart contract capabilities and wide adoption.

Which companies accept Ethereum payments?  

Companies like Overstock, Shopify (via plugins), and Travala accept Ethereum payments. Many crypto-centric marketplaces also support ETH transactions.  

Does Amazon accept Ethereum?  

Amazon doesn’t accept Ethereum directly, but you can shop using gift cards purchased with ETH on platforms like Bitrefill.  

Does PayPal accept Ethereum?  

Yes, PayPal allows users to buy, sell, and hold Ethereum directly through its platform.  

Can I pay with fiat using Calypso Pay?  

Yes, Calypso Pay offers on-ramp solutions that allow you to convert fiat into Ethereum.  

How do I make an Ethereum payout?  

To send Ethereum payouts, ensure you have ETH in your business wallet. Payouts can be initiated manually in the Merchant Dashboard or automated using our API.  

Is it safe for businesses to accept Ethereum?

Yes, Ethereum payments are secure and transparent, leveraging blockchain technology to eliminate risks like chargebacks.  

Can I accept Ethereum at my business?  

Yes, Calypso Pay provides a gateway for businesses to accept and send Ethereum payments efficiently.  

How do I accept Ethereum payments from my clients?  

Create a payment widget via Calypso Pay, place it on your website, or share a payment link. You can integrate ETH payments directly into your checkout flow.

Is it legal to accept Ethereum payments for business?

It depends on your location. Calypso Pay works in all countries except the following ones:

  • Belarus
  • the Central African Republic
  • the Democratic Republic of the Congo
  • Iran
  • Iraq
  • Lebanon
  • Libya
  • Mali
  • Myanmar
  • Nicaragua
  • North Korea
  • the People’s Republic of China
  • Russia
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Ukraine
  • Venezuela
  • Yemen
  • Zimbabwe