Best crypto payment gateways

Best crypto payment gateways
Accepting cryptocurrency payments has become increasingly popular for businesses worldwide. With the rise of digital currencies like Bitcoin and Ethereum, payment gateways have emerged as crucial tools for facilitating these transactions. A payment gateway acts as a bridge between customers, merchants, and the blockchain network, ensuring seamless and secure cryptocurrency payments. This article explores the importance of selecting the right payment gateway for your business and highlights key factors to consider when making your decision. Whether you're a small e-commerce store or a large enterprise, choosing the ideal payment gateway is essential for maximizing the benefits of cryptocurrency transactions.
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Alan Ledford

Alan Ledford

Alan Ledford is a seasoned e-commerce enthusiast with a passion for cryptocurrencies. With years of experience in the digital payments industry.

What is a crypto payment gateway?

A cryptocurrency payment gateway is a way for merchants to accept crypto payments on their website. By integrating a crypto payment gateway into their online store or point of sale system, merchants can easily and securely process crypto transactions from their customers. Cryptocurrency payment service providers (PSPs) offer a range of services, including the ability to accept multiple cryptocurrencies, automatic conversion of crypto to fiat currency, and fraud protection. There are numerous crypto payment gateways available, each with its own unique features and supported currencies. Some gateways only accept a single cryptocurrency, while others support over a hundred different crypto options. Choosing the right crypto payment gateway for your business depends on your specific needs and the types of crypto payments you wish to accept.

Top 3 reviewed crypto payment gateways

#2
Coingate logo

Coingate

Rating: 8.5

4.2/5
#1 - Top rated
FCF Pay Logo

FCF Pay

Rating: 8.9

4.5/5
#3
NOWpayments logo

NOWPayments

Rating: 8.5

4.3/5

How to choose the right crypto payment service provider?

When selecting a crypto payment service provider, it’s crucial to consider various factors that can significantly impact your payment processing experience. At our platform, we have thoroughly reviewed and evaluated the best crypto payment gateways, taking into account a wide range of criteria to help you make an informed decision. We have considered, amongst others, the following factors in our reviews to ensure a comprehensive assessment of each gateway:

Transaction fees and other costs are crucial factors to consider when choosing a crypto payment gateway. We thoroughly analyze the fee structures of each gateway, including transaction fees, currency conversion fees, and additional charges.  This allows you to understand the cost implications and choose a gateway that aligns with your budget.

The number of accepted cryptocurrencies plays a significant role in selecting a payment gateway, as it directly impacts the ability of customers to successfully complete their transactions. While some gateways support a wide variety of cryptocurrencies, others may have limited options. It is recommended to prioritize gateways that accept all or most of the top 10 cryptocurrencies. By doing so, you ensure compatibility with widely recognized and commonly used digital currencies. However, you should not solely focus on the sheer number of supported cryptocurrencies. As a long list of 100+ cryptocurrencies may not necessarily add significant value since many of them likely have a small user base that will not result in many transactions.

To determine the best crypto for payments, check out our blog for recommendations on which ones to accept.

In addition to serving as an online cryptocurrency payment gateway, many payment processors offer a range of additional functionalities that can enhance your payment processing experience. These functionalities are designed to cater to specific business requirements and can provide added convenience and flexibility. When choosing a crypto payment service provider, it’s essential to consider these extra features. Some of the key functionalities to look for include:

  • Offline Crypto Payment Gateway: Certain payment gateways offer the capability to accept cryptocurrency payments offline, such as in-store or at physical locations. 

  • Invoicing System: An integrated invoicing system simplifies the process of generating and managing payment invoices for your customers.

  • Donation Widgets: For non-profit organizations or businesses that accept donations, the availability of donation widgets can be a valuable feature. 

  • Volatility Protection: Certain payment processors provide volatility protection, which safeguards your incoming payments by automatically converting them into non-volatile currencies. This feature helps protect your business from the risks associated with cryptocurrency price fluctuations, ensuring a more stable value for your transactions.

  • White Labeling: White labeling refers to the ability to customize the payment gateway with your own brand identity and market it as your own.

Assessing the ease of integration and implementation for each payment gateway is crucial. It is important to consider factors such as pre-built CMS integrations, developer-friendly APIs, and user-friendly interfaces. By evaluating these aspects, you can determine how easily the payment gateway can be integrated into your existing systems and implemented without encountering significant technical challenges.

For the smoothest integration process, it is recommended to look for a crypto payment gateway that supports pre-built CMS integrations specifically designed for your CMS platform. This ensures a seamless integration experience tailored to your specific content management system, making the setup and implementation process even easier.

Security is paramount when dealing with cryptocurrency payments. Ensure that the payment gateway you choose uses manual payments (so no wallet connect payments) and has robust security measures in place, such as encryption protocols and secure storage of funds. Prioritize gateways with a strong track record of security and a proactive approach to safeguarding user assets.

The level of customer support provided by a payment gateway is a crucial factor to consider. When dealing with payment-related issues or seeking assistance, having reliable customer support can make a significant difference. In our reviews, we place great importance on evaluating the quality of customer support offered by each gateway.

We assess various aspects of customer support, including the availability of support channels and the responsiveness of the support team. It is essential to choose a payment gateway that offers multiple support channels such as email, phone, and live chat, ensuring that you have convenient options to reach out for assistance when needed. Additionally, we take into account customer feedback and satisfaction to gauge the overall effectiveness and helpfulness of the customer support provided by each gateway.

Understand the settlement period and payout options offered by the payment gateway. Some gateways provide daily settlements, while others may have longer timeframes. Consider your cash flow needs and choose a gateway that aligns with your preferred settlement period and payout methods (e.g., bank transfers, stablecoin conversions, etc.).

Best crypto payment gateways

Why should you trust our reviews? At Cryptopsps.com, our assessments are grounded in a combination of extensive industry knowledge, primary data sources, and rigorous analysis. Here’s why you can rely on our evaluations:

  • Extensive Investigation & Expertise: Our team has invested over 130 hours in meticulously researching and evaluating over 20 cryptocurrency payment gateways. With a blend of expertise in webshops, financial services and crypto, we bring a comprehensive understanding of the industry to our reviews. This deep dive ensures that our assessments are thorough, insightful, and informed by practical experience.
  • Hands-On Testing: We believe in putting each cryptocurrency payment gateway through its paces. Our team doesn’t just rely on theoretical analysis – we create accounts, implement the gateways, and conduct transactions to evaluate their functionality, security, and user experience. This hands-on approach allows us to provide practical insights that go beyond surface-level observations.
  • Continuous Improvement:
    we continuously monitor industry developments and update our reviews to ensure that they remain relevant and valuable resources for our audience. Whether it’s incorporating feedback from our readers or staying abreast of the latest trends, we’re dedicated to continuously improving the quality of our reviews.

1. FCF Pay

FCF Pay is our best reviewed cryptocurrency payment gateway with the goal of making crypto payments easy

4.6/5

Rating: 8.9

FCF Pay Logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
0.5% – 1.5%
Accepted currencies:
80+
Number of merchants:
Undisclosed
Amount ($) processed:
Undisclosed
Customer review scores:
4.9*
*Considering no mainstream review site has sufficient data, we used the WordPress widget review score.
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

Over 10% discount on all FCF Pay transaction fees

As a trusted FCF Pay reviewer, we've secured an exclusive deal for our readers that expect to process over $1.000 in crypto payments monthly. Contact us today and we'll help you get better rates.

FCF Pay is a game-changer in the cryptocurrency industry, recognized for its innovative approach to simplifying crypto payments. It was awarded the “Most Innovative Project of 2022” at the Dubai crypto expo. FCF Pay offers an intuitive checkout page with low fees and a range of smart functionalities.

Fees

FCF Pay stands out with its low transaction fees, making it an attractive choice for merchants and customers. The fees start as low as 0.5% for companies generating at least €50,000 in crypto transaction volume. The fee structure ensures cost-effectiveness for businesses of all sizes. Moreover, as a trusted FCF Pay reviewer, we have secured an exclusive deal which can give you over 10% discount on the fees.

Accepted cryptocurrencies

FCF Pay allows merchants to accept over 80 different cryptocurrencies as payment. From well-known currencies like Bitcoin, Ethereum, and Tether to others such as BNB, Ripple, and Cardano, merchants have the flexibility to select the specific currencies they prefer. All the major currencies are supported.

Functionalities

FCF Pay offers a range of smart functionalities to enhance the crypto payment experience. These include the Smart Swap feature (allows merchants to automatically convert incoming cryptocurrencies to either stablecoins or fiat) for volatility protection, a wide selection of off-ramping partners for easy transfers to fiat, online and offline payment gateways for flexibility, an invoicing system for easy creation and sending of invoices, and a donation widget for accepting crypto donations.

Integrations

Integrating FCF Pay into an e-commerce platform is made easy with pre-built integrations for popular platforms like WooCommerce, Magento, PrestaShop, and soon Shopify. Merchants can also use FCF Pay’s API connection for seamless integration. Detailed documentation and support are available throughout the integration process.

Safety

FCF Pay prioritizes security, utilizing a secure checkout page and an encrypted multichain cryptocurrency vault similar to those used by major cryptocurrency exchanges. These measures ensure the safety of both merchant and customer funds, providing a reliable and trustworthy payment solution.

Other – KYC

Noteworthy aspects of FCF Pay include the absence of KYC (Know Your Customer) requirements, allowing users to start using the platform without ID verification. Additionally, FCF Pay offers white-label solutions for both their crypto payment gateways and crypto credit cards, providing businesses with the opportunity to customize the payment process and offer a branded experience to their customers.

Conclusion

With its low transaction fees, extensive list of accepted cryptocurrencies, smart functionalities, easy integrations, and strong focus on security, FCF Pay emerges as one of the top choices for cryptocurrency payment gateways. Its innovative approach and recognition as the “Most Innovative Project of 2022” further solidify its position as a leading provider in the industry.

2. Coingate

Coingate is a Lithuanian-based fintech company established in 2014 that has processed over 2.5 million crypto transactions so far.

4.3/5

Rating: 8.5

Coingate logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:

API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
1%
Accepted currencies:
70+
Number of merchants:
Undisclosed
Amount ($) processed:
Undisclosed
Customer review scores:
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

10% discount on all Coingate transaction fees

Only when using any of our exclusive links for 3 months

Coingate is a Lithuanian-based fintech company established in 2014 with the goal of making accepting cryptocurrencies easy for every merchant. Initially starting as a payment processor for Bitcoin transactions, Coingate has expanded its services over the years. They now accept a wide range of cryptocurrencies, sell gift cards that can be purchased with crypto, and provide an on- and off-ramp for cryptocurrencies. These innovative features have made Coingate a popular choice for many merchants.

Fees

Coingate charges a flat 1% fee for every transaction processed through their platform, which covers the processing costs and network fees associated with the transaction. This competitive fee is similar to that of most of its competitors. Additionally, we can offer a 10% discount on all transaction fees for a period of three months when using any of our exclusive links.

Accepted cryptocurrencies

Coingate supports nearly 70 cryptocurrencies and tokens, including popular ones such as Bitcoin, Ethereum, Tether, Ripple, and Cardano. They also provide support for the Bitcoin Lightning Network, enabling faster payments. Merchants have the flexibility to accept a wide range of cryptocurrencies for their business transactions, considering all major cryptocurrencies are supported.

Functionalities

FCF Pay offers a range of smart functionalities to enhance the crypto payment experience. These include the Smart Swap feature for volatility protection, a wide selection of off-ramping partners for easy transfers to fiat, online and offline payment gateways for flexibility, an invoicing system for easy creation and sending of invoices, and a donation widget for accepting crypto donations.

Integrations

Coingate offers an online crypto payment gateway, as well as an offline gateway, allowing physical stores to accept cryptocurrencies through their point of sale solution. They also provide volatility protection, allowing incoming cryptocurrencies to be converted into stablecoins or fiat to mitigate market fluctuations. This ensures that merchants receive the requested payment amount regardless of the current crypto market conditions. Moreover, crypto invoices and donation buttons are supported by Coingate.

Safety

Coingate prioritizes the security of transactions and user information. They employ a manual checkout process, which is considered the safest method for crypto payments. Coingate has established a strong security record and maintains a high level of customer satisfaction, further enhancing their reputation as a dependable service provider.

Conclusion

Coingate’s user-friendly platform, competitive fees, broad range of accepted cryptocurrencies, and integrations with popular e-commerce platforms make it a suitable payment gateway for businesses looking to accept cryptocurrencies. With its strong security measures and established track record, Coingate emerges as a reputable and reliable option in the cryptocurrency payment gateway space.

3. NOWPayments

NOWPayments accepts over 160 cryptocurrencies, which is the highest amount among payment gateways, and offers competitive fees.

4.3/5

Rating: 8.5

NOWpayments logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
0.4-1%
Accepted currencies:
70+
Number of merchants:
200k+
Amount ($) processed:
Undisclosed
Customer review scores:
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

NOWPayments is a noncustodial cryptocurrency payment gateway founded in 2019 by the team behind the reputable cryptocurrency exchange service ChangeNOW. It enables businesses and individuals to easily accept cryptocurrency payments while maintaining full control over their assets. With a versatile range of features and support for over 160 cryptocurrencies, NOWPayments is committed to providing a user-friendly payment gateway solution.

Fees

NOWPayments offers competitive transaction fees, starting at 0.4% for high volume merchants. Additionally, there is a 0.5% conversion fee if the withdrawal currency differs from the client’s currency. The total fee typically amounts to 1%, which is in line with other payment gateways. These competitive fees make NOWPayments an attractive option for businesses looking to accept cryptocurrencies.

Accepted cryptocurrencies

NOWPayments supports over 160 cryptocurrencies, making it one of the most inclusive payment gateways in terms of cryptocurrency acceptance. All the major cryptocurrencies are naturally accepted. Users have the freedom to choose which currencies they want to accept. We recommend accepting at least the popular coins and stablecoins, as marked by NOWPayments. The extensive range of accepted cryptocurrencies ensures that businesses can cater to a wide variety of customers.

Functionalities

NOWPayments provides a range of functionalities to enhance the experience of accepting cryptocurrencies. These include online and offline payment gateways, payment links, crypto subscriptions, and a donation widget. The platform also offers smart features such as anti-volatility, which automatically converts incoming crypto to another chosen crypto, and mass payout, which enables receiving payments in a single transaction.

Integrations

NOWPayments offers easy pre-built integrations with popular content management systems (CMS) like WooCommerce, Magento, Shopify, and others. In fact, they support the most CMS systems of all crypto payment gateways that we have reviewed. Alternatively, users can opt for API connection for more customized integration. These integrations ensure seamless integration with existing e-commerce platforms.

Safety

NOWPayments operates as a noncustodial service, ensuring that users have full control over their funds. This approach enhances security and mitigates the risks associated with custodial services. NOWPayments offers two payment methods for customers: manual transfer and Wallet Connect Checkout. The manual transfer method is considered safer, while the Wallet Connect Checkout provides a more convenient but less secure option.

Other – KYC & noncustodial

NOWPayments distinguishes itself by offering a noncustodial payment gateway, ensuring that users have full control over their funds. This noncustodial nature eliminates the need to trust a third party with the storage of assets, providing enhanced security and peace of mind. Moreover, NOWPayments does not require KYC verification for most cryptocurrency transactions, prioritizing user privacy and anonymity. This combination of noncustodial functionality and privacy-centric approach makes NOWPayments an attractive option for individuals and businesses looking to securely accept cryptocurrency payments without compromising on data privacy.

Conclusion

In conclusion, NOWPayments is a versatile noncustodial cryptocurrency payment gateway that offers a wide range of functionalities and supports over 160 cryptocurrencies. With competitive fees, easy integration options, and a commitment to user privacy and security, NOWPayments provides businesses and individuals with a reliable solution for accepting cryptocurrency payments.

4. CoinPayments

CoinPayments is used by over 100.000 merchants due to the low fees and huge amount of accepted cryptocurrencies.

4.2/5

Rating: 8.4

CoinPayments logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
0.5-1%
Accepted currencies:
130+
Number of merchants:
100k+
Amount ($) processed:
$10 Billion+
Customer review scores:
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

Founded in 2013, CoinPayments was among the first crypto payment processors to expand beyond Bitcoin and include a wide array of altcoins. It has grown into one of the largest global payment processors, facilitating over $10 billion worth of crypto transactions in more than 190 countries. CoinPayments not only functions as a payment gateway but also provides its own wallet, serving millions of users. This wallet allows for the storage, management, and conversion of over 2,300 different currencies, as well as the purchase of gift cards.

Fees

CoinPayments stands out for its transaction fees, which are competitive within the industry. With an advertised fee of 0.5% for crypto payments and a slightly higher fee of 1% for incoming token payments, CoinPayments offers cost-effective solutions that provide excellent value for users. These fees enable merchants and individuals to maximize their financial gains when conducting transactions with cryptocurrencies.

Accepted cryptocurrencies

CoinPayments stands out by allowing merchants to accept over 130 different cryptocurrencies. This wide selection is among the highest available among the best crypto payment gateways. CoinPayments ensures the inclusion of all major currencies, such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), ensuring compatibility and convenience for merchants. Stablecoins and cryptocurrencies designed for efficient transactions, like Ripple (XRP), Nano, and Stellar (XLM), are also recommended for broad acceptance.

Functionalities

CoinPayments offers an extensive range of payment methods and smart functionalities for crypto payment gateways. These include online and offline payment gateways, invoice builders, payment buttons, and donation widgets. Additionally, CoinPayments has implemented various smart functionalities, such as anti-volatility measures, auto-conversion, forwarding, auto-sweep, and fiat settlement. These features enhance the merchant experience and provide flexibility and convenience for accepting crypto payments. Read the full CoinPayments review for more information about these functionalities.

Integrations

CoinPayments offers more than 20 pre-built integrations, which is the most of all the best crypto payment gateways that we have reviewed, making it incredibly convenient to integrate their services into various e-commerce platforms. Platforms like WooCommerce, Magento, Shopify, and OpenCart are among those supported. Additionally, CoinPayments provides an API for customizable integrations, giving developers greater flexibility and control over the payment process. The availability of pre-built integrations and API documentation simplifies the setup process for merchants.

Safety

While CoinPayments experienced a security incident in 2017, they took immediate action, assuming full responsibility and implementing enhanced security measures. Their manual transaction system is considered a best practice in the crypto payment gateway industry. CoinPayments prioritizes the security of user funds and maintains a strong track record in safeguarding transactions.

Other – KYC and customer support

CoinPayments implements a full KYC (Know Your Customer) process for users, which involves providing identification documents, a selfie image, proof of address, and other relevant information. While KYC is necessary for regulatory compliance and security, some users have reported challenges or delays in verifying themselves for KYC purposes. This can result in frustration and inconvenience for users seeking to fully utilize the platform’s services.

In order to address concerns and provide assistance, CoinPayments offers customer support services. However, it’s worth noting that some users have reported mixed experiences with customer support. Issues such as delays in response times or difficulties in resolving inquiries have been mentioned, indicating room for improvement in terms of responsiveness and issue resolution.

Conclusion

CoinPayments is a trusted cryptocurrency payment processor, offering a reliable and feature-rich crypto payment gateway. With competitive fees, a wide range of accepted cryptocurrencies, and smart functionalities, it is a compelling choice for merchants. Despite the full KYC process and mixed feelings regarding customer support, its user-friendly setup, enhanced security measures, and extensive integrations make it an appealing option.

5. Coinbase Commerce

The crypto payment gateway provided by the trusted Coinbase exchange, enables businesses to accept 13+ cryptocurrencies as payment.

3.8/5

Rating: 7.6

Coinbase Commerce logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
1%
Accepted currencies:
13+
Number of merchants:
undisclosed
Amount ($) processed:
undisclosed
Customer review scores:
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

Coinbase Commerce, offered by the reputable Coinbase exchange, provides a reliable and secure cryptocurrency payment gateway for businesses. With its inception in 2012, Coinbase aimed to make Bitcoin easily accessible to everyone, leading to the development of Coinbase Commerce. This payment gateway enables businesses to accept payments in over 13 cryptocurrencies, regardless of customers’ location or currency.

Fees

Coinbase Commerce charges a competitive and flat fee of 1% for all transactions processed through their platform, including withdrawal fees. While this fee is comparable to other cryptocurrency payment gateways, some alternative platforms offer lower fees, potentially as low as 0.5%.

Accepted cryptocurrencies

Coinbase Commerce accepts a total of 13 cryptocurrencies, providing businesses with flexibility in accepting payments. However, it is worth noting that the number of accepted cryptocurrencies is relatively limited compared to other payment services and that multiple major coins are missing. Notably, Coinbase Commerce does not support BNB and Binance USD (BUSD), which may be due to their association with Coinbase’s competitor, Binance.

Functionalities

Coinbase Commerce offers a range of functionalities to meet the needs of businesses. They support online and offline crypto payment gateways, invoicing systems, and donation widgets, providing businesses with flexible payment solutions. Moreover, one notable feature is the option to choose between a self-managed or Coinbase-managed account. With the self-managed account, businesses have control over their wallets and private keys, while the Coinbase-managed account provides automated settlement in fiat or cryptocurrency, with Coinbase securing the private keys.

Integrations

Coinbase Commerce offers two pre-built integrations for the popular e-commerce platforms: Shopify and WooCommerce, making the setup process quick and straightforward for merchants using these platforms. For merchants using other webshop platforms it will be more complicated as an API is required. Coinbase Commerce provides a custom API with detailed documentation, allowing them to create custom connections for seamless integration.

Safety

Coinbase Commerce prioritizes the security of transactions by employing a manual checkout process. This approach is widely regarded as one of the most secure methods when dealing with cryptocurrencies. Furthermore, as Coinbase is a publicly traded company listed on the stock exchange, it adds a layer of trustworthiness and reliability to Coinbase Commerce as a payment service provider.

Other – KYC

Coinbase Commerce does require KYC (Know Your Customer) compliance as part of its comprehensive financial compliance program. Users are required to provide personal information and undergo identity verification to access the platform fully. 

Conclusion

Coinbase Commerce is a reliable and secure cryptocurrency payment gateway for businesses seeking to accept crypto payments. While it charges a competitive fee and offers various functionalities, the number of accepted cryptocurrencies is relatively limited and only limited CMS integrations exist. However, with its safety measures and the backing of the reputable Coinbase exchange, Coinbase Commerce remains a trusted choice for businesses looking for a secure and convenient cryptocurrency payment solution.

6. Crypto.com Pay

Accept over 30 cryptocurrencies from crypto.com users that have the crypto.com app installed.

3.7/5

Rating: 7.5

Crypto.com logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
0.5%
Accepted currencies:
30+
Number of merchants:
undisclosed
Amount ($) processed:
undisclosed
Customer review scores:
3.3* (Trustpilot)
*Based on only 5 reviews.
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

Crypto.com Pay is a robust crypto payment gateway provided by Crypto.com, a well-known name in the cryptocurrency industry with over 50 million users on their crypto exchange. In addition to the exchange, Crypto.com offers credit cards, crypto wallets, and various services to accelerate the world’s transition to cryptocurrency. The payment gateway of Crypto.com Pay aims to provide competitive fees and expand the adoption of cryptocurrency payments.

Fees

Crypto.com Pay offers attractive fees to merchants. They do in fact communicate that they do not charge any transaction fees However, they do apply a 0.5% settlement fee and a 1% payout fee, which should be taken into consideration. Overall, the total fees remain competitive, including the more hidden fees.

Accepted cryptocurrencies

Crypto.com Pay enables merchants to accept over 30 different cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and more. However, it’s worth noting that Binance Coin (BNB) and Binance USD (BUSD), two major cryptocurrencies, are not supported, possibly due to their association with the competitor exchange Binance.

Functionalities

Crypto.com Pay provides a range of functionalities to enhance the payment experience. It offers an efficient online payment gateway, enabling merchants to accept cryptocurrency payments securely and conveniently. Additionally, it features an invoicing system that allows merchants to generate invoices for their customers. Crypto.com Pay also offers volatility protection by automatically converting purchases to a pre-defined currency, including fiat. It’s important to note that Crypto.com Pay has an offline payment gateway, but it is currently only available for selected merchants.

Integrations

Crypto.com Pay provides easy integration with popular e-commerce platforms such as Shopify, WooCommerce, Magento, and others. They offer pre-built integrations and extensive documentation, allowing merchants to seamlessly incorporate the payment gateway into their websites within minutes. For more customized integration, Crypto.com Pay also provides an API connection option.

Safety

Crypto.com Pay is a reputable and safe payment gateway. Crypto.com prioritizes security measures to protect user funds and implements industry-standard security practices. They have established themselves as a trusted brand in the cryptocurrency industry, offering various services and maintaining a secure environment for users.

Other – KYC

Crypto.com Pay requires KYC (Know Your Customer) verification during the registration process. Users need to provide their full legal name, a picture of a government-issued ID, and a selfie. The verification process is conducted within the Crypto.com app and ensures compliance with regulatory requirements. It’s noteworthy that Crypto.com Pay does not require KYC for customers making payments, only for merchants using the payment gateway.

Conclusion

Crypto.com Pay offers a comprehensive crypto payment gateway solution for merchants. With its competitive fees, support for a wide range of cryptocurrencies, and integration options with popular e-commerce platforms, it provides convenience and flexibility. However, the limitation of requiring the crypto.com app for payment and the restricted availability of offline integration should be considered. Overall, Crypto.com Pay presents an attractive option for merchants looking to accept cryptocurrency payments while prioritizing safety and user experience.

7. Flexa

Flexa allows stores to accept in-store crypto payments, with support for online payments coming in the near future.

3.7/5

Rating: 7.4

Flexa logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:
Transaction fees:
1%
Accepted currencies:
90+
Number of merchants:
41.000
Amount ($) processed:
undisclosed
Customer review scores:
Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

Flexa is a cutting-edge crypto payment gateway provided by AMP, a leading blockchain technology company. It offers a secure and efficient solution for merchants to accept cryptocurrency payments. With Flexa, merchants can expand their payment options by enabling customers to make purchases using popular cryptocurrencies like Bitcoin, Ethereum, and USDC. Flexa aims to revolutionize the way money is transacted by bringing cryptocurrency payments to the forefront of the 21st-century economy.

Fees

Flexa charges a transaction fee of 1% of the total purchase value, which is comparable to most of its competitors and provides a moderately attractive offer for merchants.

Accepted cryptocurrencies

Flexa boasts one of the most comprehensive collections of cryptocurrencies available for acceptance as a payment gateway. The number of cryptocurrencies currently being accepted stands at 90+, including Bitcoin, Ethereum, USD Coin, and more. However, it does not support some major cryptocurrencies like Tether (USDT), Binance Coin (BNB), and Ripple (XRP).

Functionalities

Flexa allows stores to accept crypto payments securely and efficiently. Merchants can receive payments in popular cryptocurrencies such as Bitcoin, Ethereum, and USDC. Although online payments are not yet available to the public, Flexa is actively testing and developing this functionality with selected merchants. Flexa also provides volatility protection by converting crypto transactions to fiat currency, protecting merchants from market fluctuations.

Integrations

Flexa provides multiple integration options for merchants. It offers pre-built plugin integrations for popular webshop systems like WooCommerce, Magento, PrestaShop, and OpenCart, making it easy to incorporate the payment gateway into existing platforms. For merchants seeking greater customization, Flexa supports API integration, allowing for seamless integration with their (point-of-sale) systems.

Safety

Flexa prioritizes safety and employs advanced encryption technology to protect customer data and ensure secure transactions. It also utilizes robust fraud detection systems to safeguard customers from potential security threats.

Conclusion

Flexa offers a secure and efficient crypto payment gateway for merchants looking to accept cryptocurrency payments. With its focus on in-store payments and plans for future online payment capabilities, Flexa provides a range of functionalities to meet the needs of businesses. Its extensive list of accepted cryptocurrencies and competitive transaction fees make it a viable choice for merchants in the cryptocurrency space. However, the lack of support for certain major cryptocurrencies and the lack of an online payment gateway may be considerations for some merchants. Overall, Flexa presents a promising solution for embracing cryptocurrency payments in the modern economy.

8. Bitpay

As the first crypto payment gateway, Bitpay allows merchants to accept over 15 cryptocurrencies safely.

3.5/5

Rating: 7

Bitpay logo

Positives

Negatives

Even more info

Online crypto payment gateway:
Offline crypto payment gateway:
Crypto invoices:
Crypto donation widget:
Volatility protection:
Whitelabeling solution:
API Connection:
WooCommerce:
Magento:
Shopify:
Prestashop:
OpenCart:
Zen Cart:
Ecwid:
Shopware:
WHMCS:

Transaction fees:

25¢ + 1-2%
 

Accepted currencies:

15+
 

Number of merchants:

Undiclosed
 

Amount ($) processed:

$5 Billion+
 

Customer review scores:

Payments
Payment by QR code:
Payment by wallet connect (unsafe):
Fiat currency settlement options:
Support
24/7 support:
live chat support:
Email support:
Phone support:
Knowledge base or FAQs:
Custom solutions:
KYC
KYC ID verification:

Bitpay, founded in 2011, is one of the pioneering companies in integrating cryptocurrencies as a payment option for webshops. With a mission to transform how businesses and individuals send, receive, and store money worldwide, Bitpay offers a secure crypto payment gateway that has processed over $5 billion to date. As the world’s leading crypto processor, Bitpay has established itself as a prominent brand in the industry.

Fees

Bitpay has implemented a tiered pricing structure for its crypto acceptance services. The transaction fees range from 1% to 2%, depending on the customer’s cumulative monthly volume. Additionally, there is a fixed fee of 25¢ per transaction. These are the by far the highest fees of all the best crypto payment gateways on this list.

Accepted cryptocurrencies

Bitpay supports over 15 cryptocurrencies, including Bitcoin, Ethereum, USD Coin, and Bitcoin Cash. However, it falls short compared to some major competitors that accept at least 30 cryptocurrencies. Notably, Bitpay does not support popular cryptocurrencies like Tether (USDT), Binance Coin (BNB), Ripple (XRP), and Cardano (ADA). This limitation may impact merchants who specifically target customers using these coins.

Functionalities

Bitpay offers a range of functionalities to enhance the crypto payment experience for merchants. One notable feature is volatility protection, where all exchange rates are locked at the time of sale, ensuring that merchants receive the expected value. At the end of each day, sales are bundled, and the value is deposited into the merchant’s bank account. While merchants can opt for fiat currency payouts, there is also an option to receive payments in cryptocurrencies. Bitpay allows merchants to accept offline (in-store) crypto payments, send crypto invoices, create donation pages, and set up recurring payments.

Integrations

Setting up Bitpay requires merchants to register for a merchant account and provide various business registration documents and identification. Once the initial requirements are met, integrating Bitpay into existing systems is quick and easy. Bitpay offers pre-built integrations with popular webshop platforms like WooCommerce, Shopify, Magento, and more. Additionally, merchants can leverage Bitpay’s API for custom integrations, providing flexibility in implementation.

Safety

Bitpay ensures a safe payment gateway for merchants and customers. The platform utilizes a simple checkout page with a QR code for manual checkout, which is considered one of the safest ways to pay with cryptocurrencies. Bitpay places a strong emphasis on security, implementing robust measures to protect user funds and transactions. Compliance with relevant regulations and KYC procedures further reinforces its commitment to safety.

Conclusion

Bitpay provides a secure and feature-rich crypto payment gateway for merchants. While it offers a range of functionalities and has established itself as a prominent brand, it is important to note that its transaction fees are higher than its competitors. This can be a significant factor for merchants seeking a more cost-effective solution. Additionally, the limited number of accepted cryptocurrencies and concerns about customer support based on user reviews should be taken into consideration. Despite its strengths, merchants may want to explore alternatives that offer more competitive fees.

Conclusion

In conclusion, when it comes to choosing the best crypto payment gateway for your business, it’s important to consider several factors. Transaction fees, the number of accepted cryptocurrencies, available functionalities, ease of integration, safety and security measures, customer support, and settlement periods are all crucial aspects to evaluate.

Based on our reviews, three standout crypto payment gateways are FCF Pay, Coingate, and NOWPayments.

FCF Pay offers the lowest transaction fees (especially with our exclusive discount), accepts over 80 cryptocurrencies, and provides a range of smart functionalities such as volatility protection and off-ramping options. With easy integrations, strong security measures, and a focus on user experience, FCF Pay emerges as a leading provider in the industry.

Coingate, on the other hand, is a well-known brand that has processed millions of crypto transactions. It offers a flat 1% transaction fee (or 0.9% with our special discount), supports over 70 cryptocurrencies, and provides features like a Bitcoin Lightning Network integration and volatility protection. Coingate’s user-friendly platform, competitive fees, and broad range of accepted cryptocurrencies make it a reliable option for businesses.

NOWPayments, founded by the team behind ChangeNOW, is a noncustodial payment gateway that accepts over 160 cryptocurrencies. It offers competitive fees, a variety of functionalities like online and offline payment gateways, payment links, and crypto subscriptions. With a focus on user privacy and security, NOWPayments provides a reliable solution for accepting crypto payments.

Ultimately, the best crypto payment gateway for your business will depend on your specific needs and preferences. Consider the factors that matter most to you, such as transaction fees, cryptocurrency support, and additional functionalities, to make an informed decision.

Frequently asked questions

Millions of users

There are over 300 million worldwide crypto users, accounting for almost 3 trillion in total value in 2021. Crypto payments are already accounting for over 6 billion dollars in daily transaction volume. It should be apparent that this is a large opportunity for merchants to generate extra income and new customers against better fees and conditions. 
 

Low fees

One major advantage of accepting cryptocurrency payments is the low fees. Cryptocurrency payment fees are typically much lower than traditional payment providers, such as PayPal, Visa, and Stripe. While traditional payment providers charge fees of 1.4% to 3.6%, crypto payment fees range from 0.5% to 1%. This can be a significant cost savings for merchants, especially for businesses with a high volume of transactions.
 

Real time payment processing

In addition to low fees, cryptocurrency payments offer convenient advantages for merchants. Many crypto payment gateways provide real-time payment processing, so merchants don’t have to wait for their revenue. Cryptocurrency payments are also not subject to chargebacks, providing an additional layer of security for merchants.
 

International transactions

International transactions are also easier and more cost-effective with cryptocurrency. Cryptocurrencies are not subject to the same exchange rates and fees as traditional fiat currencies, making it easier and more cost-effective for merchants to do business with customers in other countries.
 

Attract new customers

Another key benefit of accepting cryptocurrency payments is the potential to attract a new customer base. As the use of cryptocurrencies become more widespread, there will be a growing number of consumers looking to pay with crypto. By adding it as a payment option, merchants can tap into this market and potentially attract new customers who prefer to pay with cryptocurrency.
 

Reduce risk of fraud

Accepting cryptocurrency payments can also help merchants reduce their risk of fraud. Cryptocurrencies are decentralized and use blockchain technology to provide secure and transparent transactions. This can help reduce the risk of fraudulent chargebacks and other types of payment fraud.
 

Media attention

Finally, merchants who accept cryptocurrency payments can take advantage of the positive media attention and perceived innovation that comes with being an early adopter of this payment method. By embracing cryptocurrency payments, merchants can position themselves as forward-thinking and ahead of the curve.
 
Due to these positive aspects of accepting crypto, research of Deloitte has found that over 87% of top U.S. merchants think crypto payments will give them a competitive advantage. Moreover, 85% of merchants expect that crypto payments will soon be ever-present and integrated by most companies.
 
Most cryptocurrency payment gateways do no work much different than a normal bank transfer. During the checkout process, customers are presented with
  • A selection menu to choose their preferred cryptocurrency
  • The amount that has to be paid
  • The wallet address to which the crypto has to be sent
  • A QR code which contains the wallet address mentioned above and the amount that has to be paid for convenience
After the payment has been sent, the cryptocurrency payment service provider will confirm the payment and inform the merchant that the transaction is complete. This process is typically automated and occurs in real-time, allowing merchants to access their revenue immediately.
 
Some crypto payment gateway providers have implemented another solution in which the customer can connect their crypto wallet to their system on the checkout page. This allows the payment service provider to access the customer’s wallet and execute the transaction on their behalf, which can be convenient but may pose potential security risks, as you can read in our safety blog.
 

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Save over 10% on transaction fees

Only when processing over $1.000 in crypto transactions monthly