Cryptocurrency Payment Gateway & Processor – Crypto Merchant Account

A crypto high risk merchant account from PurePayPayments, will help your cryptocurrency business with all your payment processing needs.

Global service

Payment solution for US and Europe merchants

At PurePayPayments, we understand the unique challenges faced by merchants in both the US and Europe. That’s why we offer a high risk payment gateway solution that caters to the needs of businesses in both regions. Our platform allows merchants to accept payments from customers acrss the globe, while also providing secure and reliable transaction processing.

Our clients

Request your free quote now with PurePayPayments.

Request your free quote now with PurePay Payments. Within 24 hours, we will get back to you with an offer designed expressly for your high-risk industry needs.

Are you looking for a specialized Crypto Merchant Account provider?


Cryptocurrency Payment Processing has been in the limelight for quite a while. Although the decentralized currency concept did not have much success in the past, it is regaining popularity with Facebook’s announcement to release Libra.
  • Exchange EXCHANGE

  • gamblers GAMBLING

  • currencies CURRENCIES
  • wallet Wallet


Fees that PurePay will charge depend on factors like processing history, method of sales, destination countries, volume of sales, and products. All Crypto Accounts are unique but included terms stay the same for most: merchant discount rate (MDR), transaction fees, monthly gateway fee, 4.5-6 month rolling reserve, chargeback fee, refund fee


from 1.95%

Setup Fee

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Monthly Fee



from €0.15








from €0.30


from €0.5


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Get your no obligation quote from PurePay.

We will get it back to you within 12 hours with a quote based on your information.

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a few more doubts?

What Is a Crypto Merchant Account?

A crypto merchant account is a tailored account for all businesses in the field of cryptocurrencies, NFT, and all other areas of the decentralized currencies industry. Indeed, being industries related to decentralized currencies, obtaining a traditional merchant account from banking institutions is not a walk in the park. Here’s why you require a merchant account custom-tailored for your cryptocurrency industry to carry out all your transactions, such as selling or trading cryptocurrencies, with total peace of mind.

Why is the crypto industry considered high-risk?

Crypto industries are considered high-risk mainly because of the volatility of decentralized currencies. We can see how many crypto industries are subject to market swings that bring no certainty at the enterprise level and beyond. Another factor that does not give solid guarantees to the entire cryptocurrency industry is security. Whether by specialized hackers or because of mastodontic devaluations, the crypto sector is not considered the safest industry.

How to get a merchant account for cryptocurrency

To get your crypto merchant account for your borderline industry, you need specific documents related to your business, and requirements to meet.

Company Bank Statements
Certificate of Incorporation
Memorandum and articles of association issued by th company registrar
Copies of passports of all owners
Proof of Address such as utility bills
Proof of Domain
Local Representation
PCI Compliance
Rental Agreement
Processing Statements
Copy of Operation License

The merchant account provider can ask you to ensure additional documents to complete your application such as a business plan, marketing or promotional materials, shipping and return policies for your products and services, or inventory reports.
To guarantee that your application for an crypto merchant account runs smoothly, you need to ensure that the law of your land legally recognizes the kind of business you operate.
With a clean credit history, adequate funds in your bank account, and all debts cleared, you will be confident of getting your merchant account application approved.

Why choose PurePay as your cryptocurrency payment processor?

Choosing PurePay as your crypto payment processor is the most innovative solution you can get. With PurePay, you can access your payment gateway for your crypto industries, whatever they are. No matter if it is a exchange or a NFT marketplace. With PurePay, your payment gateway is designed for your business needs.
A worldwide merchant account service! There are no geographical limits with PurePay. Get your payment solution wherever you are. From America to Europe.

Safety first with PurePay. Choosing PurePay means carrying out all your transactions while protecting your monetization, data, and above all your dear customers.

PurePay means innovation. An innovative service that leverages the latest integrations that result in a user-friendly, quick, and cutting-edge payment service. Like never before.

Detailed requirements

  • Incorporation Certificate.
  • Memorandum & Articles of Incorporation.
  • Color Passport for UBO / Shareholders / Directors.
  • Office Lease Agreement signed by both parties. Or Rental Invoice under company’s name – not older than 90 days from the date of application.
  • Business Bank Statement under company’s name and present address, showing IBAN and SWIFT – not older than 90 days from the date of application and for the last three concecutive months.
  • If Processing History is available for latest 3-6 months from the date of application – under company’s name, showing processor’s name/logo, sales, refunds, and chargebacks for each month separately.
  • If Processing History is unavailable then detailed business plan and cashflow forecast for minimum of one fiscal year. Get it here
  • Utility Bill [electricity / gas / water / rental / tax bill] from UBO / Shareholders / Directors under their name and present address – not older than 90 days from the date of application.
  • Proof of domain under company’s name, showing applying URL and date of domain renewal / expiry – preferably domain purchase receipt.
  • Local signatory is a requirement for this vertical, therefore KYC from local signatory is needed.
  • Cryptocurrency license.
  • Wallet IDs for Exchanges.
  • AML and KYC policies.
  • Test user logins.

Cryptocurrency is a form of virtual money. Unlike traditional currency, it is not controlled by any central body. The market drives the prices as per the need. You also do not need to wait for the central bank to print money! The currency demand is met through the generation of money through the blockchain technology.

Cryptocurrency can make your business run faster! Imagine having all your payments received through digital cash. Among its major benefits are:

  • Low chances of fraud
  • Immediate settlement of dispute
  • Lower transaction fees
  • Low risk of identity theft
  • Easily accessible
  • Decentralized currency
  • Rising recognition

The benefits are evolving every other day with people realizing how cryptocurrency is making our lives easier in terms of payment. Above all, the decentralization of the currency gives people a sense of freedom and unity under a single currency.

Fees that PurePay will charge on Cryptocurrency Processing depends on factors like Processing history, method of sales, Countries, Volume of sales, and products. In addition, all merchant accounts are unique but included terms stays the same for most

  • Merchant Discount Rate
  • Transaction fees
  • Monthly gateway fee
  • Zero – Six-month rolling reserve (Depending on bank and risk exposure)
  • Chargeback fee
  • Refund fee
In order to obtain prices for your project, contact us today and we will quote you.

Applying for a cryptocurrency merchant account requires a slightly different process compared to traditional merchant accounts. And in fact, applying for a cryptocurrency merchant account also has a slightly different process compared to other high-risk merchant accounts like the forex merchant account, dating merchant account, adult merchant account, or CBD merchant account.

With a cryptocurrency merchant account, you will overcome the buzz of the industry being labeled high-risk. Of course, there isn’t any taboo or bad reputation with crypto, but there are lots of uncertainties. Several factors were considered before the cryptocurrency industry was labeled high risk, including lack of industry knowledge, money laundering fears, volatility in pricing, and CNP transactions. Let’s take a deep look at each of these factors, one after the other.

Lack of Cryptocurrency Knowledge

If you have always been up to date with happenings in the fintech space, you will agree that cryptocurrency and blockchain sprung up in 2009, which makes it a relatively new industry. While on the one hand, most acquiring banks and payment processing companies are skeptical of what they should charge; on the other hand, they need a full grasp of the likely expectations. More importantly, the fact that digital payment is significantly different from traditional payment is also a huge challenge.

Whereas the whole intent of cryptocurrency is to shift power away from traditional banks and regulatory authorities, thus wielding individuals with increased strength and control. The nature of cryptocurrency generally is genuinely troubling for banks. It is only time that can prove the biggest ally of cryptocurrency, provided it can show enough stability and strength.

Volatility in Pricing

Undeniably, cryptocurrency is a highly volatile digital currency with the potential for sudden downward and upward movements in value over a short period. Compared to other traditional markets, volatility is a significant factor in measuring risks in the cryptocurrency market. And this is due to their digital nature, low level of regulation, and small market size. However, the volatility can either be a healthy one or an extreme one. In healthy volatility, the price increases steadily and decreases within a broad range, but in extreme volatility, the market witnesses sudden price movements in either direction.

Even during the time of surges, it still witnessed significant dips in its value. For instance, the most volatile cryptocurrency is bitcoin. Reports revealed that it climbed $60,000 in the last couple of months from a mere $30,000. During this surge, it would experience frequent sudden dips by thousands of dollars just overnight.

It may also interest you to note that other coins aside from bitcoin in the cryptocurrency world also experience significant sudden dips. That said, millennials have continued to promote the worldwide acceptance and adoption of bitcoin and other cryptocurrencies as means of payment.

With more emphasis on privacy and security, including wallets and other digital money institutions, and increased exchangeability, more consumers will build confidence within the next couple of years. Supply and demand, investor and user sentiments, government regulations, and media hype influence volatility. It is believed that the price volatility in cryptocurrency will decrease with increased trust from consumers and users.

Cryptocurrency Money Laundering

Money laundering and other criminal activities in cryptocurrency are a huge concern for many banks and credit card processing companies. In recent times, cryptocurrency exchanges are often used to facilitate money laundering. Money launderers use crypto to their advantage, moving funds for illicit activities through different wallets before depositing them and cashing out at a crypto exchange. This could include trade in drugs and other services on the dark web, cybercrime, kidnapping, payment of ransom, and more.

According to the United Nations, nearly 2 trillion dollars is being laundered worldwide annually. Unfortunately, it is more worrisome that 90% of all these money laundering cases go undetected, thus making it a matter of genuine concern for cryptocurrencies. A simple example is a corrupt government official who received a bribe and found ways to conceal the source of the money by transferring in and out of various cryptocurrencies and fiat currencies. In fact, RenBridge was used to launder a whopping $540 million in crime-related activities using crypto in 2020.

Cryptocurrency and other high-risk industries like gambling, e-cigarettes & vape, and Nutraceuticals are vulnerable to money laundering and other criminal activities. However, the way crypto is used due to its anonymous nature is different and at the advanced level.

Should a bank or credit card processing company face legal action due to money laundering? Remember, this could damage their reputation.

CNP Transactions

The cryptocurrency model employs the card-not-present transaction (CNP). As you engage in cryptocurrency-based transactions, you do not use a debit or credit card, a model often seen with high-risk merchants.

Card-not-present transactions are highly vulnerable to chargebacks. This is due to the difficulty in establishing the true purpose of the transaction – whether or not the individual intends to purchase a product or service. With a chargeback alert system, you can significantly reduce the frequency of chargebacks that result from friendly fraud.

When you accept bitcoin and other cryptocurrencies as payment, you stand a chance to enjoy some significant benefits, especially with cryptocurrency exchanges. However, merchants need to be wary of the kind of legitimate forms of payment they accept. It could lead to the loss of potential customers or clients, negatively impacting your revenue.

From all indications, bitcoin and cryptocurrencies are here to stay. Therefore, accepting bitcoin transactions is in your best interest to be part of digital payment and the future. When you accept bitcoin and other cryptocurrencies as payment, you won’t likely experience frequent chargebacks. Of course, you know chargebacks are friendly fraud that most merchants deal with, and it’s usually costly – one of the reasons why the industry is concerned about high risk.

Now, we’ll examine some of the reasons you should consider accepting bitcoin as a means of payment. But before then, it is important to mention that bitcoin and other cryptocurrencies can serve the purpose of investment provided it is in line with the company’s policy. Although, it is a risky investment due to its price volatility, you should only venture into it if you have a high-risk tolerance. Interestingly, businesses can also convert bitcoin and other cryptos to fiat currency on the same day, depending on their specific purposes and desires.

On the flip side, businesses may also decide to store bitcoin for as long as possible. If there’s an increase in the value of the stored bitcoin over that period from the amount initially received, it will be stored based on the new value until it is sold, or the market drops again.

Depend on us at PurePayPayments to provide you with the best and cheapest Bitcoin Merchant Service Solutions.

Zero Chargeback with Bitcoin

In the bitcoin world, every transaction involving bitcoin or other crypto goes straight into the blockchain. From there, the transaction can’t be reversed, unlike other traditional banking systems.

Through this process, it is highly impossible for friendly fraud or chargebacks, which in the long run saves you as the merchant some money and time. It is also worth noting that cryptocurrencies are digital currencies that do not have counterfeits compared to physical cash.

So, what exactly is a blockchain network? In the simplest term, it is in the form of a database.

Unlike the fiat currency which involves assets like silver and gold, the bitcoin blockchain is significantly different as it employs a decentralized system. It cannot be controlled by any single individual or entity. Instead, all users of the blockchain network can only supervise collectively.

The decentralized nature of the blockchain network offers one main benefit: its immutability. This means that the data becomes irreversible once it is entered. As such, transactions are recorded permanently, and it becomes available for everyone and anyone to view at any time.

Increased Sales

Bitcoin, known for its wild gyrations, continues to prove its stability due to its recent hovering around the $20,000 resistance level. Reports show volatility has been at a low for a record duration. This may increase the level of the trust reposed in it by banks and merchants.

As more merchants continue to adopt bitcoin and other cryptos, there is a likely increase in acquiring new customers. Ultimately, the cryptocurrency community will become more knowledgeable and make informed decisions concerning crypto-friendly businesses and exchanges.

What does this mean in essence? More individuals will continue to shop and purchase your business to support their cryptocurrency communities. They will also continue to work with cryptocurrency communities. Even if you do not integrate cryptocurrencies into your payment system now, you need to be aware, alive, and up to date with happenings in the cryptocurrency market, as it is vital for your business.

Global Market

Since it’s not bound by exchange rates, cryptocurrencies can be used internationally. In addition, it is not bound by interest rates or transaction rates of foreign countries, and numerous countries are taking advantage of cryptocurrencies at the international level.

With cryptocurrencies, there is an opportunity to break financial barriers, specifically in developing nations. Through a mobile device, you, as an individual, can seamlessly gain access to cryptocurrencies with zero need for a brick-and-mortar banking structure.

Lower Business Cost

With cryptocurrencies, you’ll enjoy low fees. And as a matter of fact, you won’t have to face transactional fees at all. With lower fees for businesses, it only requires the ever-present element of the unknown to lose hundreds of thousands of dollars whenever there’s a dip in a matter of minutes.

Instant Settlement

There’s usually one incredible thing to note about cryptocurrencies. It’s simply the fact that your transactions reflect on your wallet within an hour of the transaction being made. This is highly valuable when involved in large purchases like cars, homes, or properties. Once the deal is signed, making the payment is next. Once that is done successfully, the seller receives the payment in their cryptocurrency wallet in only a matter of an hour. 

In order to accept bitcoin and other cryptocurrency payments on your website, there are specific steps to follow.

Establish the Specific Cryptocurrencies You Will Accept

When it comes to accepting cryptocurrencies, the number one step is to decide which cryptocurrency you will accept through your merchant account. At PurePayPayments, we advise our merchants to adopt Bitcoin as it is the most popular cryptocurrency and has the most widespread utilization. Other coins, such as Ethereum and Litecoin, can attract a different variety of audiences with their operation in terms of popularity.

If you operate a business with special dealing or knowledge in a separate or more obscure cryptocurrency like the Solana or Cardano, you’re free to use them. However, you must possess adequate knowledge of the potential risk as you deal with more altcoins.

Open a Cryptocurrency Merchant Account

After establishing the specific type of cryptocurrency you will accept, opening a crypto merchant account is next. This can be done through a trusted, reliable, and industry-leading cryptocurrency payment provider like PurePayPayments. With more than 20 years of experience, PurePayPayments has a comprehensive knowledge of crypto and other high-risk industries. We will create a merchant account that guarantees the success your business yearns for.

Set Up a Cryptocurrency Gateway on Your Website

Before your customers can complete their transactions using cryptocurrencies as their payment currency, you need to integrate a cryptocurrency payment gateway on your website. Once that is done, the payment will be successful. Trust PurePayPayments to integrate a crypto payments gateway with advanced-level features such as fraud and chargeback prevention and mitigation, high-level credit card processing, quick approvals, and more.

When making critical decisions that have to do with the best cryptocurrency processing and merchant account solutions, you can not underestimate the importance of comprehensive research. And this is common with all high-risk businesses and solutions. However, research is even more required when dealing with cryptocurrency.

Remember, different cryptocurrency payment processor offer different features and additional capabilities, and their fees vary considerably from one payment service provider to another. Overall, ensure that your most preferred payment service provider has a good grasp of the cryptocurrency and high-risk industry. At PurePayPayments, our decades of payment processing experience coupled with high-risk solutions offer us the ability to provide the best bespoke crypto merchant account and payment gateway for your business.

There’s no denying the fact that businesses navigating the cryptocurrency world need assistance. And fortunately, an expert in payment processing like us at PurePayPayments can help you out. For further information on our crypto merchant account, call us now at (phone number) or send us an email (email).

Start Accepting Crypto as Payments Now. Get a free quote now