Getting paid in crypto? This is how you set it up

  • Gé Sletterink
  • How to
  • Edited 2 April 2026
  • 2 min
  • Managing and growing
  • Finance

Cryptocurrency or crypto coins are a means of payment, just like cash in your wallet or the money in your bank account. But there are differences, too. For example, you do not need a bank for crypto payments. Some (online) retailers accept cryptocurrencies as payment. Do you want to make your own online store ready for crypto payments? This is how you do it.

Which software do you need?

Do you want to accept crypto? Then you need to install software for your online shop. Talk to your website builder about which software suits you best.

You will also need a cryptowallet for your business. That is the digital wallet the cryptocurrencies are paid into. With a wallet, you receive, send, and manage your crypto coins. You download an app to manage your wallet on your computer or smartphone. On the internet, you can find several crypto service providers where you open a wallet.

How does a client pay in cryptos? 

A software application enables your customer to pay in just a few seconds using their cryptocurrencies, including bitcoin or ethereum in your website’s payment section. The customer enters their email address and order details and then select one of the digicoins from the payment menu. A QR code will be displayed, which you scan using your smartphone. The customer's crypto app will enter the amount, the fee, and the current exchange rate automatically. The customer approves the payment and you receive the sales amount in your wallet. The amount can be transferred to your bank account automatically, or you can manage this yourself by means of a bank transfer. 

Converting cryptos into fiat money 

The cryptocurrencies are now in your wallet, but you prefer to have them in a currency that is convenient to you. This is called ‘fiat money’. Examples are euros, US dollars, or British pounds. Exchanges can often be done through the same crypto service provider where you have the crypto wallet. In your crypto app, you provide your bank account number. Then you transfer money from your wallet to your bank or vice versa. You can also exchange your crypto wallet for another kind of crypto.

Please note: the revenue you earn from crypto payments is part of your overall revenue and, eventually, your profit. Depending on your legal form and capital, you will pay tax on this amount. 

Advantages of crypto payments 

Facilitating payment with, and receiving, cryptocurrencies will help you further digitalise your business. Decide what value cryptocurrencies add for your business. 

  • You pay no fees for international payments, as you are using the same currency. 

  • Payments are managed using blockchain technology. This is secure and reliable. 

  • A growing number of payment services, including PayPal, accept cryptocurrencies as a means of payment. 

  • Paying with cryptos is a rapid process: the amount is transferred directly from the customer to the vendor/supplier, or vice versa. 

  • If you accept cryptocurrencies as a means of payment, you will ensure that your business will continue to attract new customers. 

Disadvantages of crypto payments

Take the following disadvantages into consideration before you start accepting crypto payments:

  • The public at large is still unfamiliar with cryptocurrency payments. 

  • The value of cryptocurrencies fluctuates all the time. 

  • There is no option to reverse payments, so you must carefully check that the cryptocurrencies are transferred to the correct wallet. 

  • Some cryptocurrencies consume a lot of energy, which is harmful to the environment. 

Do you want to offer crypto payments? Then use a crypto service provider that complies with the European MiCar regulation and is listed in the public register of the Dutch Authority for the Financial Markets (AFM), or another European inspection agency.

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