Hello guys, thank you for the comments and questions.
@MineHarvest66 Aswering your questions below:
We as of yet do not serve the U.S. registered companies due to certain regulatory issues, since we're based in Europe; however, we do offer our services to the rest of the world (except sanctioned countries).
In terms of the actual bank transfers, we are able to settle in Euros globally (transfers within Europe are free of charge, international wires are 50 Euro per wire) and we have additional payout options such as AdvCash. Any payments made with cryptocurrencies are automatically converted to Fiat based on the real time rate, and thus we protect merchants from the risk of any price volatility. Keeping bitcoins is also possible though! Most of our merchants opt for automatic weekly payouts, but we can also issue payouts on demand, i.e. transfer funds within 24 hours of request.
With our system, to receive Fiat settlements, merchants are required to pass verification by uploading an ID document, business registration document and business address proof. If bitcoins are chosen as the payout method, then verification is not necessary 98% of the time (our compliance may request verification in some cases).
@CyberHour The feedback front in the crypto-world is a double-edged sword. Most of our competitors, including Bitpay, have switched off customer reviews on Facebook. Coinpayments has a somewhat lower rating of 3.3, so we are happy to remain transparent and try to improve to the best of our ability based on the feedback we receive there.
In any case, since you pointed out our competitors, we're a bit different to both Coinpayments and Bitpay. Coinpayments has a great variety of coins supported and is perhaps the first gateway out there, but they still do not offer fiat settlements and their payment interface may not be up to everyone's liking. Bitpay only supports Bitcoin, they charge end-customers a transaction fee, and they have also enforced BIP70 recently making it impossible (or rather very complicated) to send a payment without a compatible wallet, and sending from exchanges is not possible whatsoever.
We are proud of our intuitive and simple user experience, transparent pricing without hidden margins added to end customers, as well as the timely customer support we offer. Customers are able to pay with 40+ cryptocurrencies, while merchants have settlement options both in fiat and in crypto. Our relationship with technical services in particular is very good, and we serve a big bunch of WHMCS merchants, which led us to also develop an integration for Blesta.
I am hopeful this information will be helpful and if any other questions come up please respond here or send a message to support@coingate.com.
Vilius @ CoinGate