What is TON payment?

TON payment refers to the process of using Toncoin (TON), the native cryptocurrency of The Open Network (TON), to facilitate transactions for goods, services, or transfers. TON, initially developed by Telegram and later transitioned to a decentralized community, is a scalable blockchain designed for fast, low-cost, and efficient transactions, making it ideal for business payments.

Businesses can accept and process TON payments to provide customers with a seamless and modern payment method while benefiting from the unique features of the TON ecosystem.

How does TON payment gateway work?

1

Set Up TON Payments for Your Business

‍Calypso Pay provides a comprehensive payment gateway API, allowing you to easily add TON, TON based tokens and other crypto payment options to your website or platform.

2

Customer Selects to Pay with TON

Your customers can choose to pay with TON 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 TON 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 between accounts with zero fees.

Why use TON for business?

  • Fast Transactions: TON blockchain can handle millions of transactions per second thanks to its unique multi-layered architecture, ensuring payments are processed almost instantly.
  • Low Fees: TON payments are cost-efficient, with transaction fees typically being a fraction of a cent, making it suitable for businesses of all sizes.
  • Decentralized Network: Transactions are secure and censorship-resistant due to TON’s decentralized nature.
  • Cross-Border Payments: Toncoin is borderless, enabling global transactions without the delays or fees associated with traditional banking systems.
  • Scalable Ecosystem: TON supports smart contracts and integrates with other TON-based applications, providing businesses with more options for automating and enhancing payment flows.
  • Eco-Friendly: TON uses a Proof-of-Stake (PoS) consensus mechanism, making it more energy-efficient compared to traditional blockchain networks like Bitcoin.
  • Tech-Savvy Audience: TON appeals to a growing community of tech enthusiasts and blockchain users, helping businesses attract innovative customers.
  • Easy Integration: With platforms like Calypso Pay, integrating TON payments into a business is seamless via APIs, payment widgets, and customizable flows.

    • How to accept TON 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 Calypso Pay payment gateway. This will allow you to accept TON payments and make payouts seamlessly.

    3. Set Up a Payment Widget. Create a cryptocurrency Payment Widget, add TON 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 TON payments through Calypso Pay.

    Litecoin 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.

    ‍TON payment gateway API: is supported.

    FAQ

    How do I accept TON 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 TON as a payment option in your checkout.

    What is a TON payment gateway?

    A TON payment gateway is a system or platform that enables businesses to accept and process Toncoin (TON) payments for their goods and services. It acts as a bridge between businesses and the TON blockchain, ensuring secure, fast, and efficient transactions in the Toncoin cryptocurrency. Businesses can use a TON payment gateway to offer their customers an additional payment method, allowing seamless integration with websites, applications, or other business platforms.

    How fast are TON payments?

    TON blockchain is extremely fast. It processes transactions within seconds, making it one of the quickest blockchains available for payments. This speed ensures a smooth and efficient checkout experience for customers.

    What are the fees for processing TON payments?

    TON is designed to have ultra-low transaction fees. The fees are typically less than $0.01 per transaction, making it highly cost-effective for businesses compared to traditional payment methods or other cryptocurrencies.

    Is accepting TON payments secure?

    Yes, TON payments are highly secure. The TON blockchain is decentralized and uses state-of-the-art cryptography to ensure the safety of all transactions. Additionally, transactions on the TON blockchain are immutable, meaning they cannot be altered or reversed after being processed.

    Can I send mass payouts in Toncoin (TON)?

    Yes, businesses can use payment gateways like Calypso Pay to send mass payouts in Toncoin. You can either use the merchant dashboard to upload payout details or integrate the service via API to automate the process.

    Which businesses are suitable for accepting TON payments?

    TON payments are ideal for:

    • E-commerce Platforms: Online stores can use TON as a payment method.
    • Subscription Services: VPNs, SaaS products, and other recurring services.
    • Gaming and Digital Content: TON payments are popular for microtransactions due to low fees.
    • Freelancers and Agencies: Accept global payments for services without banking fees.
    • Charities and Donations: Easily accept donations globally.

    What makes TON different from other cryptocurrencies for payments?

    • Ultra-Fast Speed: TON processes transactions faster than most other cryptocurrencies.
    • Low Fees: Its transaction fees are among the lowest in the crypto space.
    • Scalability: The TON blockchain is highly scalable, making it suitable for businesses handling a large volume of transactions.
    • Interoperability: TON integrates seamlessly with other blockchain services and products in the TON ecosystem.

    Who developed TON?

    TON (The Open Network) was originally developed by the founders of Telegram, Pavel and Nikolai Durov, as a blockchain platform for decentralized applications, payments, and more. However, after regulatory challenges, the project was handed over to the TON community, which has since maintained and further developed the ecosystem.

    How is TON comparable to Bitcoin?

    While both TON and Bitcoin are cryptocurrencies, they differ significantly in purpose, design, and technology:

    • Transaction Speed: TON is much faster, processing transactions in seconds, while Bitcoin transactions take 10–60 minutes on average.
    • Transaction Fees: TON fees are extremely low (fractions of a cent), while Bitcoin fees can range from $1–$30+, depending on network congestion.
    • Scalability: TON can handle millions of transactions per second in theory, thanks to its shard-based architecture, while Bitcoin can handle around 7 transactions per second.
    • Purpose: Bitcoin is primarily a store of value and digital gold, while TON is designed as a high-speed blockchain ecosystem supporting decentralized applications, payments, and other use cases.
    • Energy Efficiency: TON is more energy-efficient, utilizing Proof-of-Stake (PoS) for validation, compared to Bitcoin's energy-intensive Proof-of-Work (PoW).

    What are Jettons?

    Jettons are fungible tokens on the TON blockchain, similar to ERC-20 tokens on Ethereum. They can be used for various purposes, such as representing assets, facilitating decentralized finance (DeFi) applications, or being integrated into payment systems. Businesses and developers can create custom Jettons to represent their products, services, or digital assets within the TON ecosystem.

    Is it legal to accept Litecoin 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