ICON Payments

What is ICON payment?

Icon is a decentralized project which seeks to bring together different blockchains and establish communication and interactions among them through smart contracts. Interoperability constitutes the ultimate goal of the Icon network.

The platform wishes to serve as an intermediary in the crypto world. In the Icon ecosystem, each blockchain constitutes a community which has an individual governing system. Yet, under Icon, all of these independent networks can operate together with the help of the Loopchain algorithm.

ICX is the utility token of the Icon network with multiple purposes. ICX is used for staking, which maintains the stability and security of the blockchain. As a result of locking their ICX tokens on the platform, users can participate in voting and receive rewards. Thanks to Icon’s Decentralized Exchange, ICX owners can convert their funds to any other cryptocurrency on the exchange at a good rate.

ICX Payment benefits:

Scalability
Icon blockchain is extremely scalable, which means that it can handle a large number of transactions in a short period of time. This leads to fast transfers of ICX.
Low-Fee Transactions
Users can transfer ICX for a small fee which is especially convenient when making purchases.
Easily Available
Due to the Icon blockchain's popularity, numerous exchanges feature ICX tokens. For instance, investors can buy and sell ICX on Binance and eToro.

ICX is an essential element of the Icon network. Yet, it is also an actual payment solution that everyone can use outside of the Icon blockchain. NOWPayments facilitates the process of setting up an ICX payment gateway for businesses and individuals:

First, you need to sign up for a NOWPayments account. The process shouldn’t take more than a minute!
Next, go to Store Settings to enter your wallet address and add a new API key.
Paste this API key in the required place for any type of ICON payment gateway. It can be our widget, button, or invoice module.
The integration will be active on your website, and you’re ready to accept cryptocurrency payments.

NOWPayments guarantees you seamless integration of ICX payments on your website.

Set up account

Choose your
integration

Place the pay button
on your website

Get profit

Frequently Asked Questions

What is the service fee?

The service is fee is one of the lowest available and it depends on your discount. It goes up to 0.5%. To keep our service available to holders of many cryptocurrencies, we enable automated crypto conversions. If there is such a conversion involved during the transaction, our exchange partner can also charge a fee of up to 0.5%.

What is the minimum payment amount?

With the exception of several coins, the minimum payment varies between $3 and $5. The minimum amount varies based on the transaction pair involved. However, we work to provide the best possible service, and we try to lower these amounts whenever we can!

Do you accept coins other than ICX?

Yes, we do! A whole lot of them, actually, We also keep an eye on the crypto market and add support for new coins you can use to receive payments on your website! Even if certain coins aren’t officially supported by NOWPayments, we often use automated exchanges to make sure your customers don’t leave your website because the coin is not supported! To use other cryptocurrencies instead of ICX, navigate here and choose a supported coin from the list!

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Accept ICON Payments

What is ICON payment?

ICON Payment Methods

ICON widget

ICON button

Invoices

API

Plugins

Frequently Asked Questions

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