Cryptocurrency payments become more accessible to people with the increasing crypto adoption. In this transitional phase, the role of cryptocurrency payment gateways is significant in revolutionizing the way global transactions are conducted. According to Grand View Research, the global cryptocurrency payment apps market is expected to grow with a CAGR of 16.6% from 2022 to 2030. All these factors reveal a favorable condition for launching a crypto payment gateway business.
When it comes to business, a strong market presence and future business scope are important for success. NOWPayments, as a leading crypto payment service, ranks top with its fast, secure, and user-friendly crypto transactions. For entrepreneurs and FinTech startups looking for such a dynamic crypto payment solution, the NOWPayments clone script becomes the primary choice.
So, this blog will explore how to develop a crypto payment gateway like NOWPayments quickly. Also, we will explore the technical capabilities of the NOWPayments clone software right from the basics to potential features.
Key Takeaways:
- The NOWPayments Clone Script allows you to set up a scalable and feature-rich crypto payment gateway in 3 to 7 business days.
- The script comes with essential core and security features, robust admin and merchant, while saving up to 60% on development costs compared to developing from scratch.
- NowPayments clone software supports various revenue models, helping businesses earn a high return on investment in a short span.
What is a NOWPayments Clone Script?
A NOWPayments clone script is a ready-to-use, crypto payment solution that replicates the core features of the NOWPayments crypto payment gateway. This script allows businesses to quickly launch their own non-custodial cryptocurrency payment gateway without starting from scratch. Similar to all other crypto payment clone scripts, NOWPayments is also cost-efficient, quicker time to market, and customizable. But some unique qualities make them stand ahead from the market competition.
- Built for speed, the script supports more than 300+ cryptocurrencies
- Supported 75+ fiat currencies
- Real-time exchange rate updates
- Automatic currency conversion
- Easy API integration with platforms like WooCommerce, Magento, and Shopify
So by default, NOWPayments scripts have the desired qualities to build a competitive crypto payment platform. Understanding how it works can give you more insights.
How the NOWPayments Clone Software Simplifies Crypto Transactions?
A NOWPayments clone script works similarly to the existing NOWPayments exchange in terms of payment processing. The addition of add-on modules and features increases your payment gateway’s working capabilities. So, first, let us have a look at how a NOWPayments clone works as a typical crypto payment gateway.
- The merchant has to complete the registration procedure, which includes the KYC/AML procedure, to get started with the payment gateway. The admin verifies the merchant credentials and allows for payment gateway services.
- Before starting a crypto payment, the user and merchant have to connect their wallets to the payment gateway.
- The user will be given a QR code to initiate crypto payments. The interface displays the payment options to users to process payments.
- The payment gateway, like NOWPayments, shows the overall transaction amount (including transaction fees and gas fees).
- Once the user confirms the payment, the corresponding cryptocurrency will be transferred to the merchant’s wallet.
Why the NOWPayments Clone Script Is the Smart Choice for Crypto Payment Businesses
Quick Market Launch
NOWPayments clone solution allows you to enter the crypto payment business quickly. With a ready-made, tested software solution, you can launch a crypto payment gateway within a few days, unlike development from scratch. So for startups, this approach is perfect to get started and take advantage of the market growth.
Customizable & Scalable
The NOWPayments script is highly flexible to adopt complete customization and easy scaling. Right from the user interface to advanced features, you can customize everything as your business grows. This customization helps you expand your business services to more users.
Revenue Generation Opportunities
The backbone of a crypto exchange platform is the revenue potential. Our NOWPayments clone script allows you to earn money from various sources, helping you build a business with a strong revenue model.
Ready API & Plugin Integration
Built on a modular infrastructure, the NOWPayments clone supports ready-to-use APIs and plugins. You can extend the platform accessibility to e-commerce platforms like WooCommerce, Shopify, and Magento. This creates new opportunities for collaborating with more merchants, benefiting your business expansion.
Operational Efficiency
The NOWPayments script comes with a powerful admin dashboard enabling you to control, manage transaction tracking, fee settings, and compliance. Features like automated KYC, real-time reports, and system alerts can enhance operational efficiency and reduce manual workload.
Enhanced Customer Trust
Security and compliance are the key factors that users and merchants prefer when it comes to payments. NOWPayments clone script is pre-loaded with industry-first security features, integration compatibility for meeting user demands. This approach can build trust and confidence among users.
So, building a crypto payment gateway with the NOWPayments Clone software is the best option to go with. If you are still worrying about the technical capabilities, have a look at the astonishing features.
Essential Features Powering the NOWPayments Clone Script
The following core, admin, merchant, and security features add strength to the functional capabilities of the NOWPayments script.
Core Features
- Extensive Cryptocurrency Support: Accepts 300+ cryptocurrencies across multiple blockchains.
- Fiat On- and Off-Ramps: Enables crypto-to-fiat and fiat-to-crypto conversions.
- Non-Custodial Payment Processing: Direct fund transfer without holding user funds.
- High Throughput: Handles large transaction volumes seamlessly.
- API and Plugin Integrations: Easy integration with WooCommerce, Shopify, etc.
- Payment and Order ID System: Unique IDs for tracking payments and orders.
- Instant Payment Notifications (IPN): Real-time payment status updates.
- Mass Payouts: Send bulk payments in one go.
- Interactive UI/UX Interface: Modern, responsive user interface for all devices.
- Wallet Management: Multi-wallet support with user control.
- Advanced Invoice Management: Create and manage crypto invoices.
Admin Features
- Admin Dashboard: Centralized control panel for managing all platform operations.
- Transaction Management: View and manage all transactions in real time.
- Cryptocurrency Management: Add, remove, or manage supported digital currencies.
- API Management: Control developer access, keys, and API usage limits.
- Fee Regularization: Set up and modify transaction and platform service fees.
- Dispute Resolving: Tools to manage and resolve user/merchant disputes effectively.
- Upgrades & System Setup: Manage system configurations, updates, and server performance.
- User/Merchant Profile Management: Enable, suspend, or verify profiles with KYC integration.
Merchant Features
- 24/7 Customer Support: Continuous technical and operational assistance for merchants.
- Profile Management: Edit business details, wallet settings, and preferences.
- Dispute Raising: Submit transaction disputes to the admin panel for resolution.
- Merchant Payment History: Access and filter past payment logs and transaction details.
- Interface Customization: Customize payment page layout, button styles, and branding.
- Fee Management: Allow the merchants to view, understand, and track the transaction fees.
Security Features
- Two-Factor Authentication (2FA): Adds an extra layer of login security via OTPs or authenticator apps.
- Risk Management Tools: Detects suspicious activities, sets limits, and flags risky transactions.
- Whitelisting of IP Addresses and Wallets: Allows only approved IPs or wallet addresses to access or receive funds.
- Cold Storage for Custody Funds: Optional offline storage for holding funds securely (for custodial models).
- Advanced Encryption: Uses AES-256 and SSL/TLS protocols to protect data transmission and storage.
- AML and KYC Compliance: Integrated identity verification and anti-money laundering checks for users.
Along with these features, you can implement add-on modules to enhance your crypto payment gateway services.
Add-on Modules of NOWPayments Clone Script - Boosting Functionality & Profits
Here are the add-on modules you can integrate into the NOWPayments clone script.
Advanced Reporting & Analytics
NOWPayments clone script has advanced analytics tools to track and monitor real-time transaction details. This feature helps you track the transaction volume, merchant revenue, currency trends, and user behavior.
Industry Integrations
Integrate your crypto payment gateway with platforms like Shopify, WooCommerce, Unity (gaming), SaaS platforms, and trading bots through API support. This feature allows you to connect with various industries and expand your business reach.
Recurring Billing & Subscription Module
Enable customers to use your payment gateway’s premium services, like premium merchant support plans on subscription. The subscription plan can boost your income potential and offer consistent user engagement with your payment platform.
Smart Contract-Based Escrow
You can enable escrow services for users for secure asset handling as a premium or add-on service. This service is helpful in payment processing for free-launching services, P2P marketplaces, and B2B businesses where trustworthy transactions are important.
Point of Sale (POS) Application
With the NOWPayments clone, you can expand your business services to retail stores, physical or online, with a dedicated POS system. The POS application supports simplified payment services via QR code payments, real-time currency conversion, and instant confirmations.
Affiliate & Referral Programs
Affiliate and referral features help in your growing business by bringing new users and clients. Allowing users to share your platform services builds trust and brings valuable leads to your business.
Revenue Models Driving Business Opportunities
Troniex Technologies, as a renowned crypto payment gateway development company, understands every startup's financial pain points. So our crypto payment solutions are not just cost-effective, but are designed to offer higher ROI. Check out what revenue strategies our NOWPayments clone solutions bring to you.
Transaction Fees
This is the primary way of making income from the NOWPayments clone script. With every transaction, you can take a fee (Usually 0.5% to 1.5%) as a transaction fee. These fees can be adjusted according to your business model, ensuring a steady income.
Subscription Fees
This is the charge the merchants pay to your NowPayments, like a payment gateway’s subscription services. With a tiered fee structure, you can make income on a weekly or monthly basis through services like priority support, faster settlements, higher API limits, and more.
Premium Services
This is income from premium services like point-of-sale (POS) systems, analytics dashboards, or advanced escrow features. Premium services may be one-time or recurring payments, giving merchants flexible pricing options for standard income flow.
Invoice Fees
Invoice fee is the charge for issuing an invoice with complementary benefits, like instant transaction status updates, no limit transactions, etc. This feature incurs a minimum deposit fee that varies between 0.5% to 1%.
Asset Custody Fees
This is a fee payment gateway like NOWPayments that charges for safe custody of assets. This service also comes with a deposit fee, like invoice fees usually start from 0.5%. Asset custody fee is not a fixed income like transaction fees, but contributes to your platform’s additional income.
So NOWPayments Clone Script has a high-performance revenue model as a combination of transactional, subscription, and service-based revenue models. You can include additional revenue streams if needed.
Step-by-Step Process to Develop a NOWPayments-like Crypto Payment Gateway
We follow a structured development process to create a crypto payment gateway like NOWPayments.
Requirement Analysis
We start by analyzing your business model, target audience, and technical needs to plan a working strategy for development. This helps us validate your requirements in creating a crypto payment gateway like NOWPayments.
UI/UX customization
In this stage, we design an easy-to-navigate interface simple for users, merchants, and admins. With responsive layouts and smooth payment processes, our NOWPayments clone can improve interface compatibility across devices.
Complete Integrations
Our expert team integrates multiple crypto wallets, blockchain networks, APIs, plugins, and add-on modules. This process ensures your payment gateway’s compatibility with integration and third-party services.
QA Testing
We follow a security-first approach. Our team carries out thorough manual and automated testing to find bugs, security issues, and performance issues. The platform is fine-tuned for reliability, speed, and compliance by our experts.
Final Deployment
Once the NOWpayments Clone script is ready, our experts deploy the payment gateway into the main server. The team ensures the smooth and performance-rich functionalities of the crypto payment gateway.
Post-launch support
Troniex Technologies offers ongoing technical support, feature updates, and system monitoring as part of our development services. This helps you keep your platform secure, up-to-date, and running smoothly.
How Troniex Technologies Helps You Build A Nowpayments-Like Crypto Payment Gateway?
Troniex Technologies is a reputable crypto payment gateway development company specializing in offering customizable payment gateway clone scripts. NOWPayments clone script is one of our pioneer crypto payment clone scripts, built with agile infrastructure and compatibility for customization. Whether launching a new payment gateway business or looking into crypto payments for an existing business, we have an appropriate solution. We follow a structured development process and offer comprehensive post-launch services to keep your business launch convenient.
Ready to scale your crypto payment business and drive revenue like NOWPayments?
Get started today with a powerful NOWPayments clone script!
FAQs
1. Which cryptocurrencies does the NOWPayments Clone Script support?
Our NOWPayments Clone script supports many cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USDT, BNB, and various tokens. You can also add or remove coins based on your enterprise requirements.
2. Can I integrate the NOWPayments Clone Script with my existing e-commerce platform?
Absolutely, you can integrate a crypto payment gateway built using the NOWPayments clone script to work well with e-commerce platforms. With diverse APIs and plugin compatibility, the integration with WooCommerce, Shopify, Magento, and custom online stores becomes easy.
3. How quickly can I launch my crypto payment gateway using the NOWPayments clone software?
You can launch your crypto payment gateway using the NOWPayments clone within 3 to 7 business days. However, the time varies depending on how much customization and integration the project needs.
4. Is the NOWPayments Clone Script scalable?
Yes, it is. The NOWPayments clone script is built on a modular framework and supports ultra-level scaling. Hence, your payment gateway can handle multiple transactions and users as your business grows.
5. What are the cost benefits of using a NOWPayments Clone Script?
The cost of launching a crypto payment platform using our NowPayments Clone software would range between $8000 to $15000+. This cost range is not a fixed term and varies according to your requirements. With the NOWpayments clone script, you can usually save up to 60% compared to development from scratch.
6. What support is available for technical integration and maintenance?
We provide a comprehensive suite of support during and after the crypto payment gateway development process. This includes assistance in integration, performance optimization, security updates, and ongoing maintenance.
7. How does the clone script help businesses tap into the growing crypto market?
Our NOWPayments clone script lets businesses accept crypto payments in a simplified and easy manner with advanced capabilities. So your payment gateway business can easily manage wallets, automate transactions, and reach customers worldwide.