Although Ethereum is often seen as the second most important cryptocurrency project, it may not be as spending friendly as Bitcoin. Although ETH cannot be spent on Amazon or eBay, many providers are willing to accept payments on Ethereum.
Merchants who accept Ethereum payments
Some of the famous brands open to Ether payments include:
- Digitec Galaxus (the largest Swiss online retailer)
- CryptoPet (pet supplies retailer)
- PizzaForCoins (service dedicated to buying pizza with cryptocurrency)
- Snel.com (VPS hosting service)
- Overstock (interior design company)
- TapJets (private jet booking firm)
- FlokiNET (Scandinavian web hosting business)
- Laptop Power Bank
- Amagi Metals (a place to buy gold and silver with Ether)
- Bitgild (another precious metals retailer who accepts ETH)
- 1000 EcoFarms (a store to purchase fresh farm products)
- More Stamps Global (Hungarian travel agency)
Even though you don’t see many big names on the list, that doesn’t mean you can’t spend Ethereum. There are many more services and small retailers that accept payments with ETH.
Check out this comprehensive list of over 500 international companies that are members of the Enterprise Ethereum Alliance. While not every company on this list accepts Ethereum, they are actively working to support the ecosystem in some way.
Ethereum Payment Gateways
Using Ethereum as one of your payment options can be as simple as getting an ETH wallet address and submitting it to your website. However, if you or your company need more advanced features, you can use one of the following payment gateway services:
- Coinbase Commerce
- Pay With Ether
- The Big Coin
Services like this enable millions of merchants and websites to use Ethereum as a form of payment. But so far there is no single information center with a list of all ETH accepting companies and businesses, so at this point you should explore them yourself.
Why are traders who accept Ethereum less than Bitcoin?
Simply put, Ethereum is much younger than the “father” of cryptocurrency Bitcoin. Although the project started in 2014, it did not begin to be massively recognized until 2017. Also, the Ethereum network is more complex than Bitcoin’s and requires more testing and brand awareness.
Additionally, Ether has a built-in utility that acts as fuel for the Ethereum network. Supports Dapps, Decentralized Autonomous Organizations (DAOs), smart contracts and simple transactions. These features alone provide enough usefulness to Ether as it is literally one of the most sought-after cryptocurrencies during the 2017-18 crypto rally and ICO craze. If the network manages to stay secure while solving scalability issues, it should gain more brand awareness and be more accepted as a payment instrument.