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Tezos Payments

What is Tezos payment?

Tezos is a blockchain platform that pursues the objective of facilitating smart contracts and decentralized applications which are scalable, flexible, and secure. It follows its own consensus mechanism called the Liquid Proof-of-Stake. This protocol governs the rules of staking, the process of holding crypto in a wallet to support the network’s operations and receive rewards in return. Essentially, users on the Tezos blockchain can delegate their wallets to validators, also called "bakers," and earn interest on their investment. Moreover, the users retain full ownership of their XTZ when delegating to validators and can move tokens freely since there are no freezing periods.

Tezos coin does not circulate strictly within the limits of the Tezos blockchain since there are companies that accept it. One of them is Travala.com that offers over 3 million travel products in 230 countries which are now available for purchase to all XTZ holders.

Tezos Payment Benefits:

  • Absence of Hard Forks
    Tezos blockchain avoids network conflicts and issues due to the self-amending nature that allows it to perform updates without the need to initiate hard forks.
  • Price
    Since there are no hard forks, XTZ prices are less susceptible to major fluctuations.
  • Wallets
    XTZ is compatible with many reliable wallets, including Atomic Wallet and Exodus.

XTZ is a secure crypto asset that functions as the primary token of a powerful smart-contract platform. Every year, more companies begin to feature it as payment.

XTZ is advantageous for any business that wants to attract crypto investors. Follow this three-step process to begin accepting Tezos:

  • 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 XTZ 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.

There are many people who hold Tezos and wish to spend it on products. By offering XTZ as a payment option, merchants will open their doors for new customers.
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Tezos Payment Methods

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Accept Tezos Payments

Frequently Asked Questions

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%.
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!
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 XTZ, navigate here and choose a supported coin from the list!
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Still have any questions?

Contact us: support@nowpayments.io