GoCoin

GoCoin Review

GoCoin is a merchant solution which enables business owners to accept payments in Bitcoin, Litecoin, and Dogecoin. This is a wide offering compared to other competitors with most competitors only supporting accepting payments in Bitcoin. GoCoin was established in 2013 and its sole focus is facilitating businesses to accept payments in cryptocurrencies.

The platform is able to be used by both online businesses and brick-and-mortar businesses. GoCoin has some big clients who use their service including Lionsgate and General Electric. The fee for transactions is 1% and is clearly stated on the website. Merchants cannot cash out from their account until their balance reaches at least $1,000. The fiat currencies which are supported include USD, EUR, GBP, and SGD. The cashing out process involves no fee from GoCoin.

GoCoin can integrate with e-commerce plugins and have designed their API to be easy to use. They also have a support team in place in the case that users run into issues using the API.

Pros & Cons

Supports a wider number of cryptocurrencies than most merchant solutions competitors

The sole focus is on merchant solutions

The fee is only 1%

Big clients

Easy to use API and ability to integrate with e-commerce plugins

Users cannot cash out until their account is at least $1,000