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The Best Telegram Payment Gateways

29 September 2024

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Shopping on Telegram is becoming common and popular day by day. Making a purchase within Telegram is easy, straightforward, and seamless if it’s done through reliable bots. If you’ve ever used a Telegram bot to make a payment, you’re already familiar with how convenient it is. In this blog, we explain everything you need to know about Telegram payment gateways, from their types and benefits to their risks and challenges.

What Are Telegram Payment Gateways?

People using Telegram for shopping have two options to complete their orders; manually (through an invoice) or through Telegram payment gateways. You already know what manual payment is, so let’s see what Telegram payment gateways are and how they work.

In simple words, Telegram payment gateways are secure tools to make purchases within this messaging app. These gateways act as the bridge between the bot, the user, and the payment processor (like a bank or a payment service provider). With just a few clicks, people can complete transactions without ever leaving the store bot.

Benefits of Telegram Payment Gateways

Have you ever been shopping online and left your cart because the checkout process was too complicated? It happens more often than you’d think. Telegram payment gateways solve this problem by simplifying and speeding up the payment process. These gateways have other benefits too, such as:

There is no need to redirect the customers to an external website.
They boost your sales as the customers do not abandon their cart because of payment challenges.
They increase your engagement with users. When customers find it easy to complete transactions, they are more likely to return to your e-commerce.
They are available all across the globe, except for countries under sanctions. Payment gateways like Stripe, PayPal, and Paymentwall support multiple currencies that are available in almost all countries.

The Best Payment Gateways for Telegram Bots

If you are trying to find the best Telegram gateway for your e-commerce bot, you must know that each of the gateways supported by Telegram bots has some pros and cons; so, searching for the perfect Telegram gateway is nonsense. In this section, we introduce different types of Telegram payment gateways. You can then choose the one matching your needs and preferences.

Note: If you have a business on Telegram and do not use ‘bot maker panels’ (like SmartBotsLand), you should create your own bot via @botfather and connect it to a payment provider supported by Telegram.

CoinPayments

CoinPayments is a popular gateway that supports over 2,000 cryptocurrencies. It is an attractive option for businesses that have customers all over the world. Also, this gateway has low transaction fees, which makes it great for retailers and small online shops. SmartBotsLand store bots support CoinPayments gateway. Unfortunately, some countries, such as Algeria, Iran, Iraq, Jordan, Qatar, Russia, the USA, Yemen, and Sudan, do not support this Telegram payment gateway.

Stripe

Stripe is another Telegram payment gateway that is easy to use and secure. Just like CoinPayments, Stripe is suitable for businesses of all sizes, meaning that it can support large e-commerce businesses with thousands of customers. Moreover, it supports multiple currencies, so it is ideal if you have an international business and a wide customer base. However, this gateway has high processing fees (2.9% + $0.30 per transaction fee) and only supports specific Merchant Category Codes (MCCs).

stripe logo

PayPal

Paypal is one of the most famous Telegram payment gateways. Anyone who shops online has used this secure gateway at least once; therefore, it is trusted by millions of people. Adding the PayPal gateway to your Telegram bot makes it trustworthy. PayPal is especially beneficial for international transactions, as it’s available in over 200 countries and regions. However, this gateway has high chargeback fees and poor customer service.

Paymentwall

For businesses looking to handle micropayments or reach international audiences, Paymentwall is a wise choice. This gateway supports a wide range of payment methods, including credit cards, bank transfers, and even mobile payments. The only problem with this gateway is its occasional delay in some regions.

paymentwall logo

NOWPayments

Another crypto-based gateway on Telegram is NOWPayments. It supports different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many altcoins. One of the standout features of this Telegram gateway is how easily it integrates with Telegram bots. Moreover, it charges minimal transaction fees and offers a donation widget to non-profits or fundraising companies.

How to Setup Payment Gateways in Telegram Bots

If you don’t know how to add a payment gateway to your Telegram bot, read the following 5 steps. Fortunately, the process isn’t as complicated as it may seem, and you can do it in a short period of time.

1. Choose the right Telegram payment gateways.

In the first step, choose one (or more) of the above-mentioned Telegram payment gateways. The gateway you choose should fit your needs and support the currencies your customers prefer. Think about where your customers are mainly located and what payment methods they usually use. For example:

Businesses that have Indian customers should choose RazorPay gateway, as it works well in that country.
For online shops with customers from different countries and continents, Stripe is ideal as it supports different currencies.
If the customers prefer paying with digital currencies, CoinPayments and NowPayment are better choices for them than the others.

2. Register on the payment provider’s platform.

Once you have chosen the right gateway, you should sign up on the payment platform’s developer portal and get an API key. This API acts as a bridge between your bot and the payment provider and ensures the security of the transactions.

Example of Store Bot on Telegram

3. Connect the gateway to your Telegram bot.

Next, you’ll need to make sure your Telegram bot is ready to process the payments. In general, Telegram bots can handle payment processes, but for some gateways, you need to install additional libraries or plugins to connect the bot with your gateway’s API.

4. Test the gateway.

Before launching your bot, test it in sandboxed mode. Most payment gateways offer a “sandbox” environment that mimics real transactions. This allows you to find issues and make sure that users can complete transactions easily from start to finish.

5. Launch the bot.

After troubleshooting your Telegram payment gateways, you can launch it. However, it is wise to monitor the bot for a couple of weeks to ensure there is no problem with the payment process.

Note: There is an easier way to have an e-commerce bot on Telegram without dealing with APIs and codes. Create your store bot via SmartBotsLand and enjoy its numerous features. It is worth mentioning that SmartBotsLand bots currently support CoinPayments, but they will also support other gateways, like Stripe and PayPal soon.

3 Challenges of Using Payment Gateways for Telegram Bots

Here are 3 challenges of payment gateways in Telegram bots. Before continuing reading, remember that all these challenges are manageable using different methods.

1. There are security concerns about Telegram payment gateways.

Whether you’re dealing with sensitive customer information (like bank or personal info) or cryptocurrency payments, security comes first. Fortunately, most payment gateways, like Stripe, CoinPayments, and NOWPayments, are encrypted and have fraud detection systems. To keep your customers’ data safe from hackers, always keep your bot’s API keys and credentials secure.

2. There are regional restrictions.

Some Telegram payment gateways don’t work in specific countries or regions. For instance, Razorpay is more region-specific, while others like PayPal or Stripe are available worldwide. Therefore, it’s important to research which gateways are supported in your target regions and, if necessary, use multiple gateways.

3. Some payment gateways have poor UX.

Despite being rare, some Telegram payment gateways have low speed or complex steps. This can frustrate customers and make them abandon their cart. You can avoid such problems that work perfectly in your region and have simple, clear steps.

What Is the Future of Shopping Via Telegram?

Not too long ago, paying for something through a messaging app like Telegram was like a dream; however, in 2024, there are thousands of online shops on Telegram that work like a charm. We predict that the store bots will be even more popular in the following years, and the payment gateways that support digital currencies (like Bitcoin and Ethereum) will have a lot to say. So, it is safe to say that Telegram payment gateways that support multiple currencies will be in demand. If you want to be ahead of your time, run your online shop on Telegram now! Don’t know how to get started? Check out SmartBotsLand tutorial videos and blogs.

The Last Words

People use Telegram payment gateways to purchase a product, pay for a service, or donate to a charity. Finding the best Telegram bot payment gateways is not easy because there are tens of them, with different positive and negative features. For example, Stripe, PayPal, CoinPayments, NOWPayments, Razorpay, and many more gateways have been devised to help customers complete a transaction without leaving the app.

In the end, you should choose the payment gateway that meets your business needs and customer preferences. In SmartBotsLand, you can run your business in 3 simple steps and boost your sales overnight.

FAQs

Can Telegram bots accept cryptocurrency payments?

Yes, Telegram bots can accept cryptocurrency payments through gateways like NOWPayments and CoinPayments. These gateways support a wide range of digital currencies, including Bitcoin, Ethereum, and many others.

Is it safe to use payment gateways on Telegram bots?

Yes, most payment gateways have high-security features, including encryption and fraud protection.

Can I add multiple payment gateways to my Telegram bot?

Yes, you can add multiple payment gateways to your bot. By doing so, you give users a variety of payment options, including credit cards, bank transfers, and cryptocurrencies.

How much does it cost to use a payment gateway on Telegram?

Payment gateways have different costs. For instance, Stripe and PayPal charge higher transaction fees compared to crypto gateways like NOWPayments and CoinPayments. So, make sure to review each platform’s pricing plan before adding it to your bot.