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Due to emerging cryptocurrencies, various options for crypto payment gateways have appeared. These services act like mediators since they help connect merchants and users of cryptocurrencies. In this article, let’s take a deeper look at how to select a proper gateway and experience trouble-free and safe operations with cryptocurrency for your company. As per the latest report, the global crypto payment gateway market is estimated to reach $91.97 billion by 2031, up from $18.20 billion in 2021 at a CAGR of 22.45%. So, crypto payment gateways have future growth potential with more payment applications.
This is why we’ll look at aspects of supported currencies, fees, security, and usability to give you all the tools you need to advance through payments in the crypto world.
Project Name | Supported cryptocurrencies | Supported fiat currencies | Merchant fees | eCommerce Plugins | User experience | |
---|---|---|---|---|---|---|
200+ | 100+ | 1% | Shopify, Woocommerce, Primer, Jumpseller, etc | 4 | Visit |
|
200+ | 40+ | 1% to 2% + 25 ¢ fixed fees | Shopify, WooCommerce, WHMCS, ZenCart, Magento, 3D Cart, etc | 4 | Visit |
|
20+ | 40 | 0.8% | WooCommerce, Shopify | 4 | Visit |
|
100+ | 150+ | - | Available | 4 | Visit |
|
20+ | 7 | 2.5% | Not Available | 4 | Visit |
|
300+ | 10+ | 1 USDT per transaction | Binance WordPress plugins | 4 | Visit |
|
5 | 25 | Up to 1.5% | Woocommerce, Formidable forms, Memberpress, WPForms, etc | 3 | Visit |
|
150+ | 3 | 0.5% | Woocommerce, ZenCart, PretaShop, Opencart, WHMCS, Magento 2, etc | 4 | Visit |
|
70+ | 90+ | 1% | WordPress Plugins | 3 | Visit |
|
175+ | 40+ | 0.5% | Woocommerce, Shopify, Magento, Opencart, etc | 3 | Visit |
Best Suited For Beginners
Coinbase Commerce allows small and medium scale businesses to accept crypto payments from customers. Being one of the best crypto exchange platforms, Coinbase supports a wide range of cryptocurrencies. Its Coinbase Pro platform has advanced features to serve professional traders. Businesses can create invoices, simple hosted checkouts, and Coinbase payment buttons using this crypto payment gateway. However, it doesn’t support the mobile point-of-sale function.
User experience | 4/5 |
Supported cryptocurrencies | 200+ |
Supported fiat currencies | 100+ |
Merchant fees | 1% |
Integrations for E-Commerce | Available |
Invoicing | Available |
Best Suited For Multicurrency Support
BitPay is one of the early crypto payment gateway platforms to offer crypto payment services to businesses. Its primary feature is, it protects users from the volatility of cryptocurrencies. When the transaction gets initiated, BitPay locks in the exchange rate so that the receiver gets the exact value of the deposit. It also has customizable settings for payouts.
User experience | 4/5 |
Supported cryptocurrencies | 200+ |
Supported fiat currencies | 40+ |
Merchant fees | 1% to 2% + 25 ¢ fixed fees |
Integrations for E-Commerce | Available |
Invoicing | Available |
Best For Transactions in Higher Volume
CoinsPaid has garnered a huge amount of followers over 9 years due to its competitive fees. Its charges are relatively lower than traditional Payment Service Providers. Moreover, the service isn’t limited to Bitcoin; it supports over 20 other digital currencies. CoinsPaid offers the flexibility to convert these digital assets into more than 40+ fiat currencies, enhancing financial agility for businesses. It is accepted globally with a 100% acceptance rate for any type of business.
Additionally, it supports various payment methods including recurring payments, invoices, and payment links, catering to diverse business needs. With an uptime of 99.99%, the platform guarantees almost uninterrupted transaction processing. Being an EU-licenced crypto provider, CoinsPaid adheres to Know Your Business (KYB) and Anti-Money Laundering (AML) regulations, ensuring compliance with financial standards. The platform has undergone and passed numerous independent cybersecurity audits, confirming its robust security measures.
User experience | 4/5 |
Supported cryptocurrencies | 20+ |
Supported fiat currencies | 40+ |
Merchant fees | >1% |
Integrations for E-Commerce | Available |
Invoicing | Available |
Best Payment Gateway for eCommerce and Crowdfunding Platform
Payid19 is a popular cryptocurrency payment gateway for businesses, enabling them to accept cryptos such as Bitcoin payments and others. In contrast to other gateways, it is compatible with a very large number of fiat currencies.
Payid19 offers low transaction fees, instant USDT transactions, and no KYC for small transactions. Businesses can integrate crowdfunding and other purposes. Moreover, Payid19 provides 50% referral commission for promoters. It aims to help businesses expand globally.
User experience | 4/5 |
Supported cryptocurrencies | 100+ |
Supported fiat currencies | 150+ |
Merchant fees | – |
Integrations for E-Commerce | Available |
Invoicing | Available |
KUNA Pay has put sophisticated encryption and security measures in place to protect the integrity of processing cryptocurrency payments. The platform employs multiple functionalities, such as dual-factor authentication, anti-fraud instruments, and instantaneous monitoring, to identify and avert possible security risks. Due to its quick and high security features, exchange processing has been revolutionized by the platform.
KUNA Pay offers a seamless solution for merchants to accept cryptocurrencies. It provides access to analytics for different payment types through a personal dashboard. With its dedicated approach to being one of the leading cryptocurrency payment providers, KUNA Pay stands out among its competition.
User experience | 4.6/5 |
Supported cryptocurrencies | 20+ |
Supported fiat currencies | 7 |
Merchant fees | 2.5% |
Integrations for E-Commerce | Available |
Invoicing | Available |
Easy to Use With QR code scanning feature.
Binance Pay allows users to make borderless and contactless payments to merchants. It supports both user-to-user and user-to-merchant secure transactions. Being one of the best crypto exchange platforms, Binance provides several features and benefits to its customers. Users can make crypto payments with the help of QR code available on the homepage of its mobile application. Besides, it processes transactions instantaneously within a few seconds.
User experience | 4/5 |
Supported cryptocurrencies | 300+ |
Supported fiat currencies | 10+ |
Merchant fees | 1 USDT per transaction |
Integrations for E-Commerce | Available |
Invoicing | Available |
Best Suited for Personal Use
PayPal provides 24/7 secure transactions of both fiat and cryptocurrencies to its users. Even though it was initially an online payment platform, PayPal added a crypto payment feature in 2020. Its crypto wallet also allows users to directly buy and store cryptocurrencies. PayPal doesn’t charge extra fees for making crypto payments.
User experience | 3.5/5 |
Supported cryptocurrencies | 5 |
Supported fiat currencies | 25 |
Merchant fees | Up to 1.5% |
Integrations for E-Commerce | Available |
Invoicing | Available |
Known for its Multiple Customization Options
NowPayments is a well-known crypto payment gateway established by ChangeNow, one of the top crypto swapping sites, in 2019. The platform offers low transaction fees and also offers non-custodial services for users who would like to have complete control over their funds. Businesses can easily integrate NOWPayments API to their platforms and benefit from its additional tools like invoices, donation widgets, CMS plugins, instant notifications, and more.
User experience | 4/5 |
Supported cryptocurrencies | 150+ |
Supported fiat currencies | 3 |
Merchant fees | 0.5% |
Integrations for E-Commerce | Available |
Invoicing | Available |
The platform charges lower fees for various Web3 projects.
DePay crypto payment gateway also offers decentralized finance services along with allowing users to make crypto payments. It also provides peer-to-peer transactions at lower fees and is compatible with various blockchain networks and crypto wallets. By simplifying the crypto payments for Web3 companies, DePay is playing an important role in driving the crypto adoption.
User experience | 3.5/5 |
Supported cryptocurrencies | 70+ |
Supported fiat currencies | 90+ |
Merchant fees | 1% |
Integrations for E-Commerce | Available |
Invoicing | Available |
Payments Service available in more than 200 countries.
CoinPayments has been working in the industry since 2013 and is now one of the most preferred payment gateways. It serves as a digital payment platform in more than 200 countries and helps users to make payments in cryptocurrencies. CoinPayments has a multi-coin wallet feature and also supports a mobile PoS system.
User experience | 3.9/5 |
Supported cryptocurrencies | 175+ |
Supported fiat currencies | 40+ |
Merchant fees | 0.5% |
Integrations for E-Commerce | Available |
Invoicing | Available |
If companies want to accept a demanding form of payment but are not quite ready to dive all the way into the cryptocurrency space, they can use the crypto payment gateway. To continue operating over time, they require a service fee from their clients in exchange. In addition, the providers pay a fee to the miners or transaction validators of the cryptocurrency network for enabling the transfers.
Customers can choose to use a cryptocurrency payment gateway to make their payment when they choose a product or service from a merchant’s website, app, or physical store.
To select the proper crypto payment gateways, remember to check through the following points:
Make sure that the gateway accepts multiple cryptocurrencies, with an emphasis on the primary ones such as Bitcoin (BTC) Ethereum (ETH), and other Altcoins which will enable you to capture a broad market of several customers.
Choose a gateway whose fees charged for the transaction are quite reasonable and well illustrated, and ensure that there are no hidden statements that add up to the amount charged.
Taking all these factors into consideration – supported currencies, fees, security, UX, customer support, the ability to scale, and settlement times, you can now select the best crypto payment gateway that can easily complement your current line of business and enable you to accept cryptocurrencies without any doubt. It will make your business accessible to a wider market and provide the basis for the safe and convenient use of cryptocurrencies.
The signup process for crypto payment gateways is not standardized and shows some variations. Most often, you will expect to sign up on the main page of the gateway for a particular service. You may then be requested to associate this account with business information, if any, as appropriate. Lastly, it is crucial to adhere to the further integration steps outlined by the selected gateway to avoid complications.
KYC verification was said to be mandatory in some crypto payment gateways but may differ in others. Some providers pay special attention to the security systems and sometimes require users to pass through KYC checks to ensure they are genuine. With KYC raising the level of protection, the procedure may add an extra layer to client registration.
CoinGape prepared a review methodology to rate crypto exchanges, tools, and apps. We curated a list of metrics to evaluate crypto platforms based on their services, user experience, security and customer support, payment gateways and charges, pricing and promotions. Visit our Review Methodology page to learn more about how we review each crypto platform.
This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..