Cryptocurrency Payment Gateways
Comparison of Cryptocurrency Payment Processors, Bitcoin Payment Gateways, Wallets and more.
Accept Bitcoin, Ethereum and other cryptocurrencies on your website or online shop.
Best Crypto Payment Processing Gateways for Businesses
The market for blockchain-based payments is very active and evolves fast due to the growing acceptance of people investing into this asset class and in a second step are looking for ways and use cases to spend the cryptocurrencies they have acquired. Therefore we constantly have an eye on the market participants as they add new features and new players and competitors appear. Here is a selection of the best crypto payment processing gateways.
Cryptocurrency Payment Gateways Comparison
An overview and evaluation of the best payment solutions for merchants
|Main Tagline||Enterprise Cryptocurrency Payment Processing. Accept Digital Currencies. Settle to your Bank Account or Crypto Wallet. Built for developers & enterprise-level API.||Manage and spend your Bitcoin with the BitPay App, and turn Bitcoin into dollars with BitPay's Prepaid Mastercard®. Accept or Send BTC Payments Globally.||Fast - Get started with our self-managed product within minutes. Convert - Sell your crypto for cash or USD Coin. USD Coin & DAI - Accept price-stable cryptocurrency.||Crypto payments made easy. Take advantage of our global crypto payment gateway made easy and accessible for everyone — whether you're a business owner, crypto user, or even from another planet.|
|Opinion||Stripe for Crypto
Most comprehensive merchant solution.
Benefits from their long time on market, good merchant solution.
A use case for the Coinbase exchange with basic merchant functionality.
Pure crypto payment gateway with largest collection of coins.
|Payment Currencies||BTC, ETH, LTC, XLM, and any asset on the Stellar Network||BTC, BCH, ETH, WBTC, DOGE, LTC, SHIB, GUSD, USDC, USDP, DAI, BUSD||BTC, BCH, DAI, ETH, LTC, DOGE, USDC||2000|
|Fiat Settlement Currencies||ARS, BRL, EUR, NGN, USD||AUD, CAD, EUR, GBP, MXN, NZD, USD, ZAR||USD||-|
|Crypto Settlement Currencies||BTC, ETH, LTC, XLM, USDC, EURT||BTC, BCH, GUSD, PAX, USDC||BTC, BCH, DAI, ETH, LTC, DOGE||2000|
|Withdrawal to bank account||Yes||Yes||-||-|
|Exception Handling||Yes (underpaid, overpaid, multiple-paid, delayed/expired, high slippage)||Yes (underpaid, overpaid, multiple-paid)||Yes (underpaid, overpaid, multiple-paid, delayed)||Yes (underpaid, overpaid, expired)|
|Refunds||Yes (in merchant dashboard or API)||Yes||Yes||Yes (must contact customer service)|
|Swaps||Yes (even fiat to fiat)||Yes||-||-|
|Chargebacks||Not possible||Not possible||Not possible||Not possible|
|Blockchain||Stellar - Integration of asset issuers on the Stellar Network||Proprietary - Direct integration of each blockchain||Proprietary - Direct integration of each blockchain||Proprietary - Direct integration of each blockchain|
|Pricing & Fees|
|Operating License||Virtual Currency Service Provider License in the European Union||Money Transmitter License (MTL) in 15 US states||Money Transmitter License (MTL) or equivalent in 44 US states, Electronic Money Institution (EMI) in the European Union||Virtual Currency Service Provider License in the European Union|
|Incorporated in||Estonia||United States||United States||Estonia|
|Hosted Checkout Page|
Continue Reading About
» Crypto Adoption » Consumer Intentions » Merchant Benefits » FAQs
Has shown that
67% of Users
Who have held cryptocurrencies purchased them to make a transaction.
60% of Consumers
Want to buy products and services with crypto.
53% of Crypto Buyers
Purchased their crypto holdings in part due to fear of missing out.
Find the best match for your business needs.
Benchmark and compare several cryptocurrency payment solutions before you come to a decision. It's time well spent and important to understand what payment features to look for.
Be sure from the beginning that you choose the service provider that works for you. Switching a Bitcoin payment gateway that is already tied into your financial processes again later-on is time-consuming and expensive.
Reasons to add a Crypto Payment Processor to your website
Adding a crypto payment method to your website benefits your customers and your business
Cater to the Demand of new Target Groups
Millennials (Generation Y / 1980-2000), also called digital natives, have a natural understanding of digitization. They have the purchasing power to hold cryptocurrencies as investors and are willing to spend them.
The Generation Z (2000 onwards) has been growing up with digital services and digital money. Blockchain topics like smart contracts or NFT are a no-brainer for them. Remember how innovative the Gen X guys were when they created a HTML website in table layout back in 1990? The same thing is happening now thirty years later.
What's next? Generation Alpha (2010 onwards). They'll simple wonder what a credit card or bank account is.
Cryptocurrencies Become Mainstream
The trend towards more decentralization of financial services triggered by blockchain technology will continue. Today, already 200 million people engage with cryptocurrencies and the total market cap has reached a value of $2.5 trillion USD. It has grown too big to ignore.
The largest payment companies like Paypal or MasterCard integrate cryptocurrencies into their payment systems. Central bank digital currencies (CBDCs) are widely discussed and the first countries launched pilot projects.
Read some interesting opinions from financial experts here about how cryptocurrencies will look like in 50 years.
Control your Business Risks
There are no chargebacks in cryptocurrency payments in general. This is due to the nature of blockchain payments: They are sent buy the buyer rather than requested by the merchant, as for example it is the case with credit cards.
However, this might result in payment errors when the buyer sends too little or too much to the merchant's wallet or even sends a payment twice. Good crypto payment providers automatically resolve payment errors and provide the option for refunds.
Cryptocurrency payment processors also eliminate the currency volatility risk for crypto/fiat currency pairs. They ensure that a merchant who sells a pair of shoes in an online shop for 100 USD - and where the shopper pays in Bitcoin - receives 100 USD in their wallet and is not subject to Bitcoin rates volatility during the blockchain confirmation process.
High Speed and Low Fees (and Interoperability)
Unlike most traditional payment processors that hold your funds for 7-14 days, a cryptocurrency payment gateway mostly makes your funds available for withdrawal instantly - or at least it should. Look out for those payment gateways that let you withdraw you settlement funds right away.
That is possible because cryptocurrency transactions are fast - which is mainly due to that
1. There are no intermediaries like banks and other financial institutions in between and
2. The buyer sends the payment from their wallet directly to the merchant.
Fees (also known as gas fees) depend heavily on the blockchain and the consensus protocol they have implemented. Proof of Work models used by Bitcoin and Ethereum are expensive. Fees for small payments easily surpass the actual payment amount.