Unlike its custodial counterpart, a non-custodial payment gateway allows users to retain full control of their wallets and private keys throughout the transaction process. This model emphasizes user sovereignty and security, reducing the risk of third-party mismanagement or breaches. However, it requires a higher level of technical knowledge from the user to manage transactions and ensure security.
A non-custodial payment gateway offers the freedom and flexibility to manage their crypto payments directly, appealing to those with a strong preference for maintaining personal control over their digital assets.
For example: BoomFi is a non-custodial payment gateway
