Accept Litecoin (LTC) Payments In An Easy And Convenient Way

What Is Litecoin (LTC)?

Litecoin is a digital (crypto) currency that makes it possible to make instant transactions or pay for any services anywhere in the world with minimal fees. Litecoin is a type of altcoin (meaning alternative to Bitcoin). LTC is based on an open-source blockchain and offers some of the fastest crypto payment processing times among other currencies. Any business can accept LTC payments by working with reliable Litecoin payment providers.

Litecoin was created by a former Google engineer in 2011 as a fork of Bitcoin, and its main goal was to become a way of payment for everyday transactions. As of now, it is widely used for online payments by businesses in different niches, including e-Commerce, SaaS, travel agencies, etc.

How to Pay With Litecoin?

1. The client chooses an option to pay with cryptocurrency

From the range of payment options, they should choose crypto as their way of payment.

2. Selecting Litecoin from the list

The client will be shown different cryptocurrency payment options they can choose from, including Litecoin.

3. The final price is displayed

The client will see a screen with the final price of the product or service converted into Litecoin according to the current rate.

4. Making the payment with Litecoin

The LTC payment will be processed smoothly. The client will get a confirmation of payment on the payment gateway screen and in their LTC wallet.

Benefits of Accepting the LTC Payment Method for Businesses

Lower Transaction Fees

The average Litecoin network fee typically ranges from $0.01 to $0.10 per transaction. This is one of the reasons for businesses to accept LTC. Litecoin is especially favored for everyday transactions and micro-payments.

Faster Transactions

Crypto payment processing with Litecoin is faster than with other currencies due to fast network data processes. Keep your customers up to speed with technology by letting them pay with Litecoin.

Increased Customer Base

More and more clients will prefer the LTC payment method to others in the coming years. Once you add it to your payment methods, you will naturally and quickly increase your customer base.

Global Accessibility

Litecoin can be used from anywhere. There is no need to worry about increased payment fees depending on the customer's country or the inaccessibility of the payment method in particular regions.

Enhanced Security

Blockchain is a safe way to store and process data through the cryptography used by blockchains. Improve your customers' trust and liability by enhancing payment security with Litecoin.

How to Start Accepting LTC Payments

Choose a Payment Processor

With a Litecoin payment processor like CatPay, you will get a straightforward way to integrate Litecoin payments on your website.

Set Up a Wallet

Next, choose and set up your personal crypto wallet that works with LTC. Litecoin itself is not stored in it, but the private keys are.

Integrate the Payment System

Integrating the LTC payment method has never been easier since providers like CatPay offer a payment API set just for your needs.

Inform Your Customers

Let your customer base know that you now have a new LTC payment method in place and they can use Litecoin for payments.

Manage Your LTC

You are all set! Now, manage your funds with wallet integration and receive all the benefits of decentralized payments in Litecoin.

What Can You Do With Litecoin?

Exchange For Other Assets

You can exchange Litecoin for other cryptocurrencies or cash or pay with Litecoin for goods and services. To exchange LTC, you may use Binance, Kraken, Coinbase, and other popular exchanges. Payment with Litecoin is also becoming more and more popular on merchants' websites.

Peer-to-Peer Transactions

The main idea of probably any cryptocurrency is to allow for direct, peer-to-peer transactions. Use Litecoin to perform transactions with users or companies that accept LTC directly.

Trade For NFTs

NFTs are the non-fungible tokens or any digitized content of a company or product you can buy and profit from your investment. And yes, you can swap Litecoin for NFTs through many platforms designed for this purpose.

Store Litecoin

There is always an option to collect and keep Litecoin in your account as an investment. Many businesses and individuals hold crypto in their accounts to make their capital grow.

Features to Expect With CatPay's Litecoin Payment Gateway

Instant Transactions

CatPay offers Litecoin payment processing in an instant way. You can be sure your customers will receive an immediate payment confirmation and feel like they are being taken good care of.

Low Processing Fees

Compared to many other payment methods, Litecoin transactions will cost you and your clients next to nothing if you choose CatPay.

Secure Payments

Blockchain uses cryptography as a way to protect their data, so the payment security you get is of the best standards. The chances of a data breach here are pretty slim.

Easy Integration

With the payment API offered by CatPay, the Litecoin payment integration is straightforward and fast.

Accept Litecoin Payments Easily With CatPay

Accepting Litecoin as a means of payment is essential if you want to expand your customer base with tech-savvy people and challenge market trends. All you need to do is integrate the LTC payment method on your website. The integration is easy and secure if you choose a reliable provider to help you with it. We at CatPay know exactly how it works and are happy to help. Get in touch with us to start accepting LTC on your website!