Top 10 Must-Have Features in CoinPayments Clone Script

Charles WilsonCharles Wilson
6 min read

As the market for crypto commerce continues to grow and expand, merchants and their platforms are looking for more than a simple crypto payment solution. Merchants and their platforms want powerful, scalable, secure systems like CoinPayments, which has set the industry standard with its rich ecosystem of merchant tools, token support, integrations, and automation.

If you are looking to create a CoinPayments Clone Script, you won't just want basic “send and receive” functionality for merchants. You’ll want to provide merchants with an infrastructure to provide support for multiple use cases from a single consumer global store, SaaS business, charity, or enterprise.

Here are the 10 most advanced and unique features that, if you want your CoinPayments Clone Script to be worth it and a contender in the industry, you'll want to include.

10 Features in the CoinPayments Clone Script:

  1. Multi-Coin & Multi-Network Payment Support (2,000+ Assets)

One of the defining features of CoinPayments is the ability to support 2,000+ cryptocurrencies, not just Bitcoin or Ethereum, but support for ERC-20, BEP-20, TRC-20, and even niche chains like Syscoin and Fantom.

The scope of cryptocurrencies you’d want to offer in your clone script would begin with rounded, smooth sailing onboarding using multi-network tokens, custom token additions, and automatic contract recognition.

Additionally, merchants would need the flexibility to choose what coins they want to accept, giving them maximum flexibility in deciding the supported asset, which is priceless for global commerce.

  1. Auto Coin Conversion with Real-Time Rate Locking

Many merchants want to accept crypto but don’t want to hold volatile assets. CoinPayments created this option for merchants by allowing the auto-conversion of coins via integrated liquidity partners in real-time using auto-conversion APIs (So the merchant does not get hurt by price fluctuations between the time of payment and when the funds are settled) and rate lock mechanisms.

  1. Vault & Time-Locked Storage System

CoinPayments coincidentally launched a Vault feature for merchants to store funds but lock them at specific time intervals. The Vault feature protects a merchant's long-term funds and decreases the risk of a spontaneous purchase or misuse of funds by someone internally.

In your clone, you could simply implement a simulation of cold storage along with time-lock contracts so that businesses can separate their treasury or reserve funds from operational funds. It creates an extra swivel chair-like layer of control, which is very desirable for DAOs and businesses, and allows for a treasury-like function.

  1. Point-of-Sale (PoS) Checkout for In-Person Payments

CoinPayments also launched a PoS checkout interface for merchants to use as if they were in-store or at a physical merchant location. The PoS will create a QR code and a confirmation in real time for walk-in transactions.

Your clone script should replicate the PoS checkout interface, making it optimal for use on a tablet/mobile device that generates dynamic QR codes with an embedded currency conversion display (for example, crypto to fiat), and executing real-time transaction confirmations. It effectively bridges online and physical commerce.

  1. Plugin & API Integration for eCommerce Platforms

CoinPayments comes with pre-built plugins for WooCommerce, Shopify, Magento, and other sites, enabling merchants to accept crypto in minutes.

To match this, your clone script should have a universal plugin system as well as API documentation that integrates smoothly with top content management systems. Include webhook support, SDKs, and sandbox & test environments to help merchants adopt your service.

  1. Merchant Auto-Forwarding Wallets

One of the most underrated but robust features of CoinPayments is the auto-forwarding feature - received payments can be instantly forwarded to an external wallet that has been predefined.

This feature is incredibly important for merchants who want to keep their revenue collection and revenue storage separate. Your extension should allow for unique forwarding rules, based on coin type, transaction amount, thresholds, or time, so merchants have assurance and peace of mind and run their operations smoothly.

  1. Multi-User & Multi-Permission Admin Access

Larger businesses or teams will also want to have multiple user roles with different permissions. CoinPayments includes multi-user support for merchant accounts to allow multiple team members to work together with access control.

Your script should allow for role-based access control, with merchants able to create admins, finance managers, developers, and auditors, and give them permissions like view-only, withdraw, or manage users.

  1. Dynamic Coin Fee Customization

Merchants using CoinPayments can change what the transaction fees logic is per coin - some merchants have flat fees, some merchants fully absorb, and some merchants push it onto the customer.

Managing this level of control is crucial for the profitability of merchants. Your clone should have a per-coin fee configuration, including support for dynamic fee markup, fees borne by customers, and optimizing fees against the network's cost.

  1. Donation Page Builder for Non-Profits & DAOs

CoinPayments has custom donation pages that accept crypto that allow branding, customization of the messaging, and even choices to respect privacy.

Your script should have a donation portal that is ready for charities, influencers, DAOs, or content creators that collect crypto in one-click shareable pages. Support for recurring donations, anonymous contributions, and real-time funding progress.

  1. Branded Merchant Dashboards

One of CoinPayments' enterprise-grade capabilities is white-labeling the experience for its partners, allowing exchanges, marketplaces, or aggregators to onboard merchants, perhaps even under their own brand.

In your fork, build the capacity to create multi-tenant architecture so white-label partners can manage their merchants, brand their dashboards, and perhaps provide their own fees.

Basic Features Which Shouldn’t Be Missed:

While the above features are how you are going to differentiate from everybody else, no crypto payment gateway would be complete without the necessities.

  • 2FA & Biometric Login

Provides an additional level of login security using OTPs, fingerprint, or face ID.

  • Data Encryption

Protects all user data in transit and at rest with military-grade encryption.

  • Mobile-Responsive UI

Provides a seamless user experience and interface across desktop, tablet, and mobile devices.

  • Invoicing & Payment Request Tools

Gives merchants the ability to send branded crypto invoices and track the invoice's status in real-time.

  • Transaction History with Filtering

Let’s users search, track, and export their crypto payment history.

  • Multi-Language & Multi-Currency Support

Allows global accessibility for users, by providing applicable regional fiat and language preferences.

  • Email/SMS/Webhook Notifications

Allows users to be updated on payment events and system actions in near real-time.

  • Cold Wallet Integration

Isolate 90% percent of funds offline to prevent any hacking online.

  • DDoS & Anti-Fraud Protections

Provides user interface respite and confidence in our continued undivided service and acts of perceived suspicious activity.

  • KYC/AML Modules for Compliance

Primarily a digital system to verify a user's identity and comply with regulated third-party institutions and stimuli, that would permit individuals and companies with abusive or otherwise permitted intentions, but not uninformed ones.

Conclusion:

CoinPayments didn't just succeed in letting merchants "accept crypto." It focused on building an ecosystem that made crypto acceptance easy, flexible, and merchant-friendly

If you're interested in building a crypto payment gateway similar to CoinPayments using a CoinPayments Clone Script, make sure to get in touch with a reputable solution provider. Build a robust platform that can accommodate merchants of various regions, verticals, and payment needs.

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Written by

Charles Wilson
Charles Wilson