3 hours ago | Peter Wind –:– Crypto payment gateways make it possible for businesses and individuals to easily accept cryptocurrency payments.With cryptocurrencies gaining in popularity, stores that accept crypto can potentially tap into a new customer base that will surely appreciate a business that’s staying on top of the latest advancements in the world of payments.
The best crypto payment gateways in 2024 Without further ado, let’s get right into our list of the best crypto payment gateways.We’ve made sure to include a diverse range of crypto payment processors to suit different kinds of businesses and individuals that are looking for the best way to accept crypto payments.
BitPay – Best crypto payment processor overall Coinbase Commerce – Crypto payment gateway integrated with the Coinbase exchange BTCPay Server – Open-source payment processor for Bitcoin Solana Pay – Crypto payment gateway on the highly efficient Solana blockchain NOWPayments – Crypto payments processor with the broadest altcoin support Confirmo – Reliable crypto payment processor with Lightning Network integrations 1.BitPay – Best crypto payment processor overall
BitPay is one of the pioneers of the crypto payments sector, as it was founded already in 2011.While the company provides a variety of cryptocurrency-related services, it’s best known for its cryptocurrency payment processing services for businesses.
With BitPay, merchants can choose whether they want to have their payments settled in fiat currency, cryptocurrency or a combination of the two.This is a great feature for merchants who are wary about the volatility of crypto assets such as Bitcoin and Ether , as they can simply opt to have BitPay automatically convert all crypto payments to fiat currency.
Notably, BitPay offers a plugin for Shopify, which allows anyone with a Shopify store to easily accept payments from customers that want to pay with crypto.
The fees charged by BitPay vary according to the volume of transactions the business handles via the service on a monthly basis.For businesses that have less than $500,000 transactions per month via BitPay, the company charges a fee of 2% of the payment amount + $0.25.For businesses that receive more than $1 million in crypto payments monthly, the fee is set at 1% of the transaction amount + $0.25.
2.
Coinbase Commerce – Crypto payment gateway integrated with the Coinbase exchange
Coinbase Commerce is the crypto payments processing solution offered by major cryptocurrency exchange Coinbase.Similarly to BitPay, Coinbase Commerce is primarily aimed at businesses who want to give their customers the ability to pay with crypto.
Coinbase Commerce allows merchants to sidestep the volatility of cryptocurrencies by automatically converting all crypto payments to USD Coin (USDC) , a token that’s designed to maintain its price at $1.Merchants can the use the Coinbase exchange to convert their USDC tokens to dollars or other (crypto)currencies.
A great feature of Coinbase Commerce is its straightforward fee structure.The service takes a 1% cut on all cryptocurrency transactions it handles, with no additional or hidden fees.This payment processor has integrations with WooCommerce, Primer and JumpSeller – if your online business is based on one of these platforms, Coinbase Commerce is a very good option to consider.
Currently, Coinbase Commerce can be used to accept payments in Bitcoin, Ethereum, the USDC and USDT stablecoins, as well as a handful of altcoins.
3.BTCPay Server – Open-source payment processor for Bitcoin
BTCPay Server is a payments processing solution that exclusively supports Bitcoin.
Even though it’s only limited to BTC, it boasts a number of features that make it stand out from the crowd.
Notably, BTCPay Server is fully open-source and can be self-hosted.This makes it aligned with the ethos of the Bitcoin community, which seeks to do away with middlemen wherever possible.
For users that don’t want to self-host, BTCPay Server can be used on a shared server or on the cloud.
BTCPay Server has integrations with a wide variety of ecommerce platforms, including the likes of Shopify, WooCommerce and Zapier.
An important disadvantage of BTCPay Server is that you don’t get the option to have payments settled with fiat currency.Depending on the type of business, the strong price fluctuations displayed by BTC can make it not viable as a means of payment.
4.Solana Pay – Crypto payment gateway on the highly efficient Solana blockchain
Solana Pay is a crypto payments processing platform that’s based on Solana , a blockchain that offers extremely fast and low-cost transactions.Since most merchants prefer to accept a currency that has a predictable value, Solana Pay is designed to work with stablecoins, which are tokens that maintain a stable value.
Currently, Solana Pay is available through an integration with leading ecommerce platform Shopify and allows merchants to accept the USD Coin stablecoin.
A unique feature of Solana Pay is that it allows merchants to easily incorporate customer loyalty programs through various mechanisms such as spendable points, tiered discounts and even NFTs.
The Solana Pay solution itself doesn’t charge any fees.The customer will have to pay a gas fee to make the transaction on the Solana blockchain, and you’ll also have to pay a gas fee if you want to transfer your coins to another wallet.Thankfully, Solana is one of the most efficient blockchains on the market, resulting in minimal fees.
5.NOWPayments – Crypto payments processor with the broadest altcoin support
NOWPayments is a crypto payments processor launched by ChangeNOW, a popular platform for cryptocurrency swaps.
Merchants have the option of cashing out the cryptocurrencies cryptocurrencies they receive to their bank account in EUR.
One of the most powerful features of NOWPayments is that it can be used to accept a huge variety of cryptocurrencies.
While most crypto payment processors are limited to a handful of cryptos, NOWPayments can be used to accept more than 300 different types of crypto.
NOWPayments also provides a PoS software integration which allows merchants to accept cryptocurrency payments at physical locations.The service also sports a plethora of other features including subscription payments, mass payouts, invoices and donation tools.
Another benefit of NOWPayments is that it has a competitive fee structure, charging 0.5% for standard transactions and 1% for transactions where multiple currencies are involved.
6.Confirmo – Reliable crypto payment processor with Lightning Network integrations
Confirmo is an EU-regulated crypto payment gateway that has been in operation for more than 10 years without any compromises to the platform’s security.
Confirmo can be used to accept Bitcoin, Ethereum, the USDC and USDT stablecoins, as well as certain major altcoins such as Solana and Polygon.
Notably, Confirmo provides PoS software that allows merchants to use a smartphone to accept cost-effective Bitcoin payments via the Lightning Network.
Confirmo has a transparent fee structure which allows merchants to avoid dealing with unexpected costs.Merchants are charged with a fee when they wish to withdraw the cryptocurrency they have accumulated through sales.This fee consists of a fixed 0.5% processing fee, plus a withdrawal fee denominated in EUR or USD which depends on the cryptocurrency that’s being withdrawn.
In terms of invoice fees, Confirmo charges a 0.8% fee on payments, but doesn’t charge any fees on payments made through their PoS app.
Although Confirmo doesn’t sport some of the flashier features that can be found at some competitors, it’s a good choice for any business that’s looking for a simple and reliable way to accept cryptocurrency payments.
What to look for in a crypto payment gateway? Here are some of the most important factors to consider when choosing a crypto payment gateway.Some payment gateways excel in certain areas but are lacking elsewhere, and the choice will depend on which features you prioritize.
Supported cryptocurrencies : Some crypto payment gateways only support major cryptocurrencies such as Bitcoin and Ethereum, while others also incorporate smaller cryptocurrencies (also known as “altcoins”).Although accepting payments in BTC and ETH will cover the vast majority of crypto holders, enthusiasts of particular altcoins might appreciate an online business that accepts their crypto of choice, which could translate to some additional sales.Transaction fees : Make sure to pick a crypto payment gateway which clearly outlines the fees they charge on transactions, fiat to crypto conversions and withdrawals.Integrations with ecommerce platforms : If you use an ecommerce platform such as Shopify or WooCommerce, it makes sense to choose a crypto payments processor that’s already integrated with your ecommerce platform of choice.
Fiat currency support : If you don’t want to deal with the volatility of cryptocurrencies, make sure to choose a payment gateway that automatically converts crypto payments to fiat currency or stablecoins, or at least gives you the ability to cash out to a fiat currency such as USD or EUR.Point-of-Sale solutions : If you want to accept cryptocurrency payments at a physical location, make sure to check that the payment gateway you’re considering has a PoS solution.The bottom line Hopefully, our list of the best crypto payment gateways helped you find the right crypto payments solution for your business.If you’re looking for payment processors outside of the realm of crypto, make sure to check out our list of the best payment processors for small businesses .
Tags: BTC Bitcoin $ 72,755 2.57% Buy ETH Ethereum $ 3,991.73 0.99% Buy SOL Solana $ 159.60 7.58% Buy Author Peter Wind Peter has been covering the cryptocurrency and blockchain space since 2017, when he first discovered Bitcoin and Ethereum.Peter’s main crypto interests are censorship-resistance, privacy and zero-knowledge tech, although he covers a broad range of crypto-related topics.
He is also interested in NFTs as a unique digital medium, especially in the context of generative art.
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