Accept Binance USD Payments
Your customers will be able to pay via BUSD for your goods and services
What Is Binance USD?
Binance USD, which is also known as BUSD, is a U.S. dollar stablecoin issued by crypto exchange Binance and blockchain company Paxos Trust. Similar to rivals USDC and tether (USDT), the BUSD stablecoin attempts to maintain a price of one U.S. dollar at all times through its backing of fiat reserves.
BUSD is worth $1. After the stablecoin was launched in September 2019, its price hasn’t deviated by more than a few cents, other than during the March 2020 flash crash. When the global pandemic hit financial markets in 2020, BUSD reached a high of $1.11 on March 11 of that year and an all-time low of $0.88 less than 24 hours later.
Paxos handles its issuance. Whenever someone wants to redeem BUSD for cash, Paxos burns (destroys) BUSD and sends cash to the withdrawer’s bank account. And whenever someone wants to create BUSD with U.S. dollars, Paxos mints more USD in exchange for the dollars.
Cryptocurrency Payment Gateway
The upward trend seen with BUSD reinforces the important part it is playing as one of the top stable coins. It’s not surprising to have seen an increase in demand from customers who wish to be able to pay for goods or services with BUSD as outlined above, as well as an increase in associated payment related services.
To handle requests from individuals or businesses wishing to accept BUSD payments, specialised payment service providers (PSPs) can nowadays facilitate this process by way of a cryptocurrency payment gateway. This is a decentralised payment platform that enables merchants to accept BUSD and other crypto transactions. As well as allowing for the processing of cryptopayments, the reduction in the number of intermediaries involved means that transaction costs are lower, introducing a number of benefits not available with more traditional payment methods.
How to Get Started
Gateway Integration, Merchant API, Payment Button
Plisio service allows you easily to get payments in the most popular cryptocurrencies, including Binance USD. And to make operations easier, all received payments are automatically calculated in EUR / USD or in BUSD, depending on the parameters you set.
To integrate our payment gateway on your site, choose:
- One of the ready-made Plisio integrations for e-commerce content management systems or web-billing platforms
- API for a developer that can be customized for any website and other platforms
- Payment buttons for accepting donations or simple payments (for example, if you sell only one or a few products)
To start accepting Binance USD, as well as Bitcoin, Ethereum, Litecoin and other cryptocurrencies, first sign up. Then create API credentials if you are going to use our e-commerce plug-ins or APIs. If not, just create your payment button.
To keep all payments received in a cryptocurrency (i.e. receive payments in Binance USD) on Plisio, verification is not required.
Accept Cryptocurrency Payments in 4 Simple Steps
Start Accepting Binance USD
Connect to Plisio and start accepting Binance USD in your store, ICO or other platform today.
Sign up for free in 2 clicks • Easy setup in 2 minutes • Tech support 24/7