Economy
What’s the Difference Between a Bitcoin Merchant Account and a Payment Gateway

We expect many changes as time passes and various industries develop. Businesses are trying to approach financial management differently, as some are trying to shift from conventional payment systems to blockchain technology and digital assets. Companies are starting to modify their tactics to accept and manage payments made with virtual assets to stay up to date.
This change is not without its difficulties, though. It requires a careful evaluation of numerous variables and a clear comprehension of how they interact. In this article, we aim to draw attention to the important factors that must be taken into account when choosing the best Bitcoin merchant solution.
Essential Concepts in Crypto Merchant Accounts
A merchant account is a special location where companies can hold sales proceeds until they are transferred to their bank accounts in accordance with the conditions stipulated by the merchant service provider.
By creating a link between the business and the client’s bank, these accounts are essential to the efficient processing of card transactions for e-commerce enterprises. These accounts are particularly attractive because there are no processing costs, and cryptocurrency transactions are irreversible, especially in high-risk e-commerce industries.
Crypto payment gateways are connected to merchant accounts, which require thorough identity and business verification in order to conduct transactions. These gateways are essential for facilitating international payments, guaranteeing smooth financial transfers from customers to companies, and discouraging fraudulent activity. By confirming the authenticity of the customer’s card information and approving authorised fund transfers, they verify transactions.
Payment gateways allow companies to accept digital currency by acting as a link between blockchain technology and traditional banking systems. These gateways can use the blockchain network to validate transactions and convert cryptocurrencies into fiat money for an extra fee, which helps to stabilise the market.
The Collaboration of Merchant Accounts and Payment Gateways
When it comes to financial transactions, the procedure usually starts when the customer makes a payment. A processing engine then contacts the customer’s bank to obtain confirmation. The money is kept in the merchant account for a short while after verification and then sent to the company’s main bank account. The client’s information is collected safely and sent to their bank for verification. The bank checks the availability of funds and the validity of the card before approving the transaction.
The payment gateway is obliged to send this data to the bank. Interestingly, merchant accounts—especially those with Bitcoin—have made it much easier for customers and companies to transfer money. The buyer completes the purchase quickly after the payment gateway verifies that it is legitimate.
The Difference
Payment processing companies that accept crypto are essential to guaranteeing safe transactions between clients and companies. After a transaction, money moves from the card issuer to the bank of the merchant and then to the company’s main account.
A merchant account manages transactions made through a business bank, whereas a payment gateway controls the flow of funds during a sale. These elements are essential for handling credit/debit card and cryptocurrency payments, allowing companies to take payments securely and clients to make purchases with confidence.
Integrating Bitcoin Payments into Your Business
Benefits like cost reductions, streamlined transactions, and chargeback protection can be utilised to integrate Bitcoin payments into your business operations easily. Here’s how to get started, step-by-step:
Choosing the Best Crypto Payment Gateway: Make sure the crypto payment gateway you select meets your needs in terms of supported cryptocurrencies, transaction costs, security features, and customer service.
Creating an Online Store: Create a merchant account with the gateway of your choice, making sure it has all the features and capabilities your company needs.
Creating Digital Wallets: To effectively handle various digital assets, set up multi-currency digital wallets to accept Bitcoin payments and make it easier to convert them into fiat money when needed.
Activating BTC Payments: After integration and wallet setup are complete, notify your users that your platform now accepts Bitcoin payments and activate BTC payment options.
Some Additional Things to Consider
Take into account the following elements while choosing the best Bitcoin payment option:
Cost: Choose a payment method that offers fair transaction costs and strikes a balance between affordability and service quality.
Security Procedures: Make sure the payment method you select respects your privacy and has strong security features like encryption, 2FA, and cold storage options.
User-Friendliness: For maximum user convenience, consider a system that provides simple cryptocurrency selection, interoperability with well-known wallets, and smooth integration procedures.
Customer service: Choose suppliers with attentive customer service departments to quickly resolve any problems and guarantee a seamless payment process for your clients.
Supported Cryptocurrencies: Reach a wider audience by leveraging platforms that support a variety of well-known cryptocurrencies, such as ETH and BTC.
Final Thoughts
Payment gateways and merchant accounts are vital parts of any organisation since they make transactions easier and help them stand out from the competition. They are essential in offering effective cryptocurrency payment options.
Economy
NASD Bourse Declines for Third Straight Session by 0.10%

By Adedapo Adesanya
For the third consecutive trading session, the NASD Over-the-Counter (OTC) Securities Exchange ended in red territory, losing 0.10 per cent on Wednesday, April 9.
The market capitalisation lost N1.88 billion to close at N1.892 trillion compared with the preceding day’s N1.894 trillion and the NASD Unlisted Security Index (NSI) went down by 3.24 to settle at 3,277.39 points, in contrast to Tuesday’s 3,280.63 points.
The platform recorded two price losers yesterday, with Afriland Properties Plc losing 62 Kobo to close at N17.80 per share compared with the previous day’s N18.42 per share and Geo-Fluids Plc shedding 24 Kobo to end at N2.22 per unit versus Tuesday’s N2.46 per unit.
The volume of securities bought and sold by the market participants was down by 28.4 per cent to 185,449 units from the 259,092 units transacted in the previous trading day, the value of shares recorded slid by 74.8 per cent to N2.6 million from N10.5 million and the number of deals fell by 35.3 per cent to 11 deals from 17 deals previously recorded.
The most active stock by volume on a year-to-date basis remained Impresit Bakolori Plc with a turnover of 533.9 million units worth N520.9 million, followed by Industrial and General Insurance (IGI) Plc with 71.2 million units valued at N24.2 million, and Geo Fluids Plc with 44.5 million units sold for N90.0 million.
Also, the most active stock by value on a year-to-date basis was still FrieslandCampina Wamco Nigeria Plc with the sale of 14.4 million units valued at N557.7 million, trailed by Impresit Bakolori Plc with 533.9 million units worth N520.9 million, and Afriland Properties Plc with 17.8 million units valued at N365.0 million.
Economy
Naira Stable Against Dollar at Official Market Amid Pause in Tariffs

By Adedapo Adesanya
The Naira maintained stability against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, April 9 at N1,612.97/$1 as traders weighed developments in the domestic scene and the global market.
This indicates that the local currency is facing ease in recent pressure after export tariffs hit the country and fanned concerns about the country’s FX reserves, which have been dropping in recent weeks.
President Donald Trump announced that he was instituting a 90-day pause on most new tariffs (excluding China). This may also also cover the recent 14 per cent placed on Nigeria.
In addition, the Central Bank of Nigeria (CBN), while announcing that the country recorded a positive Balance of Payment (BOP) reiterated that it will continue to stabilise the Naira through its policy coordination and harmonisation.
However, the Nigerian currency depreciated against the Pound Sterling by N24.80 to wrap the session at N2,085.01/£1 compared with the preceding session’s N2,060.21/£1 and lost N43.08 against the Euro to settle at N1,805.64/€1 versus N1,762.56/€1.
It also weakened against the Dollar in the parallel market yesterday by N5 to trade at N1,620/$1, in contrast to the N1,615/$1 it was exchanged in the previous trading day.
In the cryptocurrency market, there were positive outcomes across benchmarked tokens after the U-turn on tariffs led to relief.
President Trump paused higher tariffs on all countries, except China, where he increased the levy to 125 per cent, amid mounting concerns from global leaders and recession fears.
Based on this, countries that were hit with the higher, reciprocal duties that went into effect Wednesday will now be taxed at the earlier 10 per cent baseline rate applied to other nations.
Ripple (XRP) went up by 10.1 per cent to $1.99, Ethereum (ETH) appreciated by 9.9 per cent to sell at $1,610.16, Solana (SOL) recorded a 9.5 per cent rise to close at $116.08, and Cardano (ADA) also jumped 9.5 per cent to trade at $0.6231.
In addition, Dogecoin (DOGE) rose by 8.4 per cent to $0.1571, Bitcoin (BTC) improved by 6.3 per cent to $81,899.98, Litecoin (LTC) expanded by 6.2 per cent to $74.39, and Binance Coin (BNB) gained 5.1 per cent to settle at $578.86, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.
Economy
NGX Investors Lose N119bn Despite Bullish Sentiment

By Dipo Olowookere
The Nigerian Exchange (NGX) Limited reserved the previous day’s gains to close lower by 0.18 per cent on Wednesday due to renewed profit-taking.
This occurred despite the market breadth index closing positive as there were 33 price gainers and 23 price losers, indicating a bullish sentiment.
Haldane McCall topped the losers’ log after it shed 10.00 per cent to settle at N5.22, Learn Africa also depreciated by 10.00 per cent to N2.97, Ecobank lost 9.90 per cent to sell for N26.85, PZ Cussons went down by 9.88 per cent to N30.10, and Unilever Nigeria slumped by 9.75 per cent to N34.70.
On the flip side, Livestock Feeds finished on top of the gainers’ chart after it chalked up 10.00 per cent to quote at N8.03, VFD Group appreciated by 10.00 per cent to N72.60, NGX Group increased by 9.86 per cent to N35.65, Coronation Insurance improved by 9.60 per cent to N1.94, and Union Dicon gained 9.48 per cent to end at N6.35.
At midweek, the All-Share Index (ASI) decreased by 189.73 points to 104,187.00 points from 104,376.73 points and the market capitalisation moderated by N119 billion to N65.470 trillion from N65.589 trillion.
Investors bought and sold 376.6 million stocks worth N11.9 billion in 11,576 deals versus the 460.6 million stocks valued at N10.1 billion traded in 14,528 deals a day earlier, implying a growth in the value of transactions by 17.82 per cent and a drop in the trading volume and number of deals by 18.24 per cent and 20.32 per cent, respectively.
The busiest equity for the session was GTCO with 62.9 million units sold for N4.1 billion, Access Holdings traded 51.4 million units valued at N1.1 billion, Zenith Bank exchanged 32.3 million units worth N1.5 billion, UBA transacted 22.6 million units valued at N775.2 million, and Mutual Benefits traded 18.2 million units worth N16.6 million.
Business Post reports that the banking space went down by 1.60 per cent, the consumer goods index depreciated by 0.23 per cent, and the industrial goods sector crumbled by 0.04 per cent, while the energy counter appreciated by 0.47 per cent, while the commodity industry closed flat.
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