7 BEST Crypto Payment Gateways & Processor (2023)

By : Barbara Thompson Barbara Thompson
Hours Updated

Many businesses have chosen to accept cryptocurrency payments as their mode of payment. However, the challenge of selecting the best cryptocurrency payment gateway is to find a payment processor that fits a business need, as a bad payment gateway may significantly affect sales.

Our team evaluated seven of the best crypto payment gateways and how they compete. We analyze their best features, pros and cons, and key specs.

 

Best Cryptocurrency Payment Gateways

Name Payment Methods Accepted Payment Processing Fees Supported Cryptocurrency Types Settlement Options Link
Binance Pay Debit and Credit Cards/ In-person cash payments/ Bank Transfer Zero Fees BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, TRX, etc. Cash settlements Learn More
Crypto.com Credit or Debit card/ Bank Transfers Zero fees Bitcoin, Ethereum Cardano, etc. Token and cash settlements Learn More
Coinbase Commerce SEP A/ Bank Transfer/ Bank wire/ Credit Card Free Bitcoin Bitcoin Cash, Ethereum, Dogecoin, etc. Cash settlements Learn More
Now Payments Credit and debit cards/ bank transfers 0.5% base transaction fee Bitcoin/ Ethereum/Ripple/ Litecoin/ Bitcoin, etc. Cash settlements Learn More
BitPay Bank transfer/ Debit/ credit card 1% processing fee BTC/ BCH/ ETH/ WBTC/ APE/ LTC/ DOGE/ SHIB, etc. Cash settlements Learn More
Expert Advice:

“ Its prudent to sign up with 2 cryptocurrency payment gateways and set one of them as a backup. Your sales will not suffer if your primary crypto payment processor experiences downtime. If the primary processor increase their fees, the backup payment gateway will protect your bottom line.”

1) Binance Pay – Best for Beginners and Security

Binance Pay is a user-to-user crypto payment that is contactless, borderless, and secure. It has one of the best crypto payment gateway functionalities, allowing merchants to pay, send and accept online payments with no transaction fees. It offers direct merchant, sub-merchant, and channel partner business solutions.

Binance Pay

Features

  • Binance Pay has the support of over 50 cryptocurrencies and stablecoins.
  • The Platform also offers payment APIs, thus allowing merchants to have complete control of their checkout experience.
  • Binance Pay offers zero gas fees to allow sending crypto to friends and family.
  • It allows users to set their payment preferences.
👍 Pros 👎 Cons
The Platform has 65+ tradable cryptocurrencies. Binance is not functional in the US, but the Binance US is more limited.
Binance Pay offers zero fees on processing fees and one of the lowest fees on merchant services. The Platform has no built-in digital wallet.
This crypto platform offers a broader selection of trading options and order types. Binance receives some regulatory issues in some countries.
It offers merchants an opportunity for a trial account.
Allows merchants to use the right solution to accept cryptocurrency payments.

Key Specs:

Supported Cryptocurrency Types: BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, DOT, EOS, ETC, FIL, HBAR, LINK, LTC, MATIC, USDT, FRONT, STRAX, ONE, etc.
Ecommerce Plugins: Binance WordPress Plugins
Supported Fiat Currencies: Russian ruble (RUB)/Australian Dollar (AUD)/ Brazilian real (BRL)

Visit Binance >>

2) Crypto.com – Best for Multiple Cryptocurrencies Payment Options

Crypto.com cryptocurrency payment processors allow merchants to access the global crypto economy. The payment gateway allows merchants to send invoices quickly and manage crypto payments using a powerful dashboard. It allows users to secure their funds in a non-custodial crypto app.

Crypto.com

Features:

  • Users can accept and pay for over 250 cryptocurrencies.
  • This Crypto wallet has a defense-in-depth security strategy ensuring top-notch safety for users and easy backups.
  • Offers generous cashback and other rewards to users.
  • You can manage multiple wallets on the go, having instant access to all their assets.
👍 Pros 👎 Cons
The Platform offers low fees on its transactions. The Platform is challenging to navigate.
Crypto.com makes it easier for users to convert money. The coins offered by Crpto.com are not universally available.
It is a highly secure platform.

Key Specs:

Supported Cryptocurrency Types: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT
Ecommerce Plugins: Cypto.com Pay Checkout plugin for nopCommerce
Supported Fiat Currencies: AUD/CAD/EUR/GBP/USD/USDC/BRL

Visit Crypto.com >>

3) Coinbase Commerce – Best Payment Gateway for Beginners

Coinbase Commerce is the world’s leading bitcoin payment gateway and rates among the best crypto payment gateways. It supports many options of cryptocurrencies for payments, an advantage for merchants. Through the bitcoin payment users can accept bitcoin payments.

Merchants can receive crypto and convert it into fiat to ease loss due to price volatility. Coinbase is only available in a few countries.

Coinbase

Features:

  • The Coinbase platform has a beginner-friendly interface
  • Coinbase Users have access to low fees
  • It offers top-notch security with the ability to store funds in a vault with delayed withdrawals
👍 Pros 👎 Cons
The Platform gives users access to nearly a wider range of cryptocurrencies. Coinbase transacts at higher fees when compared to other crypto exchanges.
Coinbase has a low minimum when funding the account. The Platform has limited staking and interest opportunities.
The Platform offers simple and advanced trading.

Key Specs:

Supported Cryptocurrency Types: Bitcoin (BTC), Bitcoin Cash (BCH), DAI, Ethereum (ETH), Dogecoin (DOGE), USD Coin (USDC), Litecoin (LTC), Tether USD (USDT), ApeCoin (APE) and Shiba Inu
Ecommerce Plugins: Coinbase Commerce for WooCommerce
Supported Local Fiat Currency: USD/British Pounds Sterling (GBP)/ EUR

Visit Coinbase >>

4) NowPayments – Best for Low Fees

NowPayments comes as a complement to the various fees set by other best cryptocurrency payment gateways. The Platform currently gains popularity by accepting Bitcoin, Ethereum, and over 100 other cryptos. It provides merchants additional cryptocurrency payment tools, such as API, invoices, donation widgets, buttons, and CMS plugins.

NowPayments

Features:

  • NowPayments lets users accept payments in over 75 cryptocurrencies.
  • It gives merchants several tools, including API, invoices, and widgets.
  • The Platform also offers non-custodial solutions for users.
  • Offers the lowest fees on the market, at 0.5% and lower.
  • The Platform has advanced support and offers a personal account manager to resolve issues the whole way through.
👍 Pros 👎 Cons
There are plugins available for a variety of CMS platforms. The Platform creates an intermediary, making the process expensive.
The Platform can accept over 50 cryptocurrencies on a user’s website or by invoice. Nowpayments has no support for layer-two systems.
It allows one to receive instant payouts to their wallet or bank account.

Key Specs:

Supported Cryptocurrency Types: BTC, ETH, XRP, USDT, LTC, BCH, DOGE, XNO, XMR, DASH, VET, UNI, SOL, ADA, SHIB
Ecommerce Plugins: WooCommerce, Zencart, PretaShop, Opencart, WHMCS, Magento 2
Supported Fiat Money: USD/British Pounds Sterling (GBP)/ EUR

Visit NowPayments >>

5) BitPay – Best for Bitcoin Payments

BitPay is the earliest Platform for trading and accepting cryptocurrency payments. It reduces the chances of price volatility. BitPay allows users to receive funds directly from their bank accounts. The platform also offers customizable security features.

Online businesses accept cryptocurrency payments through eCommerce sites, in-person, and invoices through email.

BitPay

Features:

  • Bitpay offers direct bank deposits.
  • Two-factor verification features provide security for the user.
  • The Platform has a cryptographically secure API, blocking all hacking attempts.
  • Bitpay also includes email, mobile, and server payment notifications.
👍 Pros 👎 Cons
Allows users to use either their computers or smartphones to receive any amount. Some people have cited the Platform as a scam
The Platform offers users a borderless payment network and the best bid exchange rates. The customer service is poor and often unhelpful.
Bitpay can easily integrate into any existing system.

Key Specs:

Supported Cryptocurrency Types: BTC/BCH/ETH/WBTC/APE/LTC/DOGE/SHIB/EUROC/GUSD/USDC/USDP/DAI/BUSD
Ecommerce Plugins: WooCommerce, Shopify, WHMCS, Opnecart, Zencart
Supported Fiat Currencies: US Dollar, Euro, Sterling Pound, Canadian Dollar, Chinese Yuan

Link: https://bitpay.com/

6) CoinPayments – Best for Global Crypto Payments

CoinPayments has been operating since 2013 as one of the most preferred payment gateways, aligning with a broader number of cryptocurrencies.

It is one of the best crypto payments gateway, operational in over 200 countries, making it the best for global crypto payments. It serves as a digital payment platform more than a wallet.

CoinPayments

Features

  • The Platform is a multi-coin wallet, in that one wallet can hold over 2000 coins.
  • Crypto payments allow users to accept crypto payments through APIs and mobile POS systems.
  • The Platform has top-notch security through its two-factor authentication (2FA).
  • Users can buy crypto within the app by using a debit or credit card.
👍 Pros 👎 Cons
The Platform has a low processing fee of just 0.5%. It is a custodial wallet, which makes users trust their funds are safe with the company.
It also has a conversion feature that allows for in-app crypto exchanges. The wallet’s code is not open source
CoinPayments application helps merchants to accept crypto payments.

Key Specs:

Supported Cryptocurrency Types: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), and Tether USD (USDT
Ecommerce Plugins: Shopify, WooCommerce, Magneto, and Opencart.
Supported Fiat Currencies: AUD/CAD/EUR/GBP/USD/USDC/BRL

Link: https://www.coinpayments.net

7) DePay – Best Payment Gateway without Signup

DePay foreruns Web3 payments with the ability of Decentralized Finance (DeFi). Therefore, it leads to the massive adoption of blockchain-based payments.

DePay offers a different perspective on payment and receiving cryptocurrency. It is always a concern for users to access a platform with low or no fees.

DePay

Features

  • No sign-up is required for the Platform to work, as one can quickly integrate DePay.
  • DePay also allows peer-to-peer payment, so no one else can hold funds unless it’s the user.
  • The Platform also supports leading blockchains and wallets.
  • DePay offers a 1% transaction fee.
👍 Pros 👎 Cons
DePay increases the possibility of payment conversion. The Platform may be challenging for beginners to understand.
There is the prevention of fraud through the decentralization of DePay. It is easier to access users’ personal and public data.
Funds go directly to the intended recipient, as there is no third-party involvement.

Key Specs:

Supported Cryptocurrency Types: BTC/BCH/ETH/WBTC/APE/LTC/DOGE/SHIB/EUROC/GUSD/USDC/USDP/DAI/BUSD
Ecommerce Plugins: WordPress Plugins
Supported Fiat Currencies: USD, CAD, EUR, PHP, INR, IDR

Link: https://depay.com/

FAQs

Here are the Best Crypto Payment Gateways:

Crypto payment gateways offer a few unique advantages to the customer and the merchant.

Following are some benefits of using crypto payment gateways:

  • There are no Chargebacks: There are no refunds or chargebacks, which increases the security of transactions.
  • Anonymous Payments: This boosts the security of individuals undertaking digital transactions.
  • Offers Quicker Transactions: Paying with crypto in payment gateways makes the process rapid, as there are no intermediate third parties in the transactions.
  • Works Well with all operating systems: Crypto payment gateways, as is with all Decentralized payment gateways, work well with Android, iOS, or even Windows, making it easier for its integration.

Here are some major risks of using Crypto Payment Gateways:

  • The platforms may be prone to malware, making wallets susceptible to insecurities.
  • Payment gateways have a wider attack surface. Here, if an employee is compromised, it exposes the entire exchange.
  • Cryptocurrency gateways are open to software vulnerabilities hidden in their APIs or integrations.

Here are some essential factors to consider when choosing a suitable payment processor include:

  • Consider if the payment gateway is cost-effective: An essential factor is a total cost an individual will incur while setting up the payment processor.
  • Types of cards allowed: The cards would coincide with what an individual has. Many payment gateways often use Visa, Mastercard, and Amex credit cards.
  • The holding time of the payment gateways: The money in transactions is held for several days before settling into a person’s account.
  • The number of currencies supported: When it is engaged in international businesses, the payment gateway should be able to handle different currencies from different countries.
  • The security of the payment gateway: The security of the payment gateway should be a high priority since one store’s sensitive financial information online.
  • The limits of the payment gateway: One should choose a payment gateway within their transaction limit.
  • Able to integrate with other systems: The payment gateway is worth considering if it can connect to the different invoicing and accounting software to keep a record of transactions.

Best Bitcoin Payment Gateways & Processors

Name Payment Methods Accepted Payment Processing Fees Supported Cryptocurrency Types Settlement Options Link
Binance Pay Debit and Credit Cards/ In-person cash payments/ Bank Transfer Zero Fees BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, TRX, etc. Cash settlements Learn More
Crypto.com Credit or Debit card/ Bank Transfers Zero fees Bitcoin, Ethereum Cardano, etc. Token and cash settlements Learn More
Coinbase Commerce SEP A/ Bank Transfer/ Bank wire/ Credit Card Free Bitcoin Bitcoin Cash, Ethereum, Dogecoin, etc. Cash settlements Learn More
Now Payments Credit and debit cards/ bank transfers 0.5% base transaction fee Bitcoin/ Ethereum/Ripple/ Litecoin/ Bitcoin, etc. Cash settlements Learn More
BitPay Bank transfer/ Debit/ credit card 1% processing fee BTC/ BCH/ ETH/ WBTC/ APE/ LTC/ DOGE/ SHIB, etc. Cash settlements Learn More
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