In 2023, the full transaction worth of crypto gateway funds recorded worldwide was $1.62 billion. That is projected to develop at a CAGR of 17% from 2023 to 2030. Since most crypto transactions are via direct wallet-to-wallet transactions, the precise worth of cryptocurrency transactions used for fee of products may very well be considerably increased than this worth.
Companies seeking to get a chunk of that pie are exploring methods to start out accepting cryptocurrencies past the standard wallet-to-wallet crypto transactions. A crypto fee gateway permits companies to simply accept cryptocurrencies reminiscent of Bitcoin, Ethereum, and Tether as funds inside a safer fee circulate. Crypto fee gateways may permit retailers to maintain the funds as cryptocurrencies, convert cryptocurrencies to fiat currencies, and settle for cross-border funds.
RELATED: Prime Cryptocurrency Predictions for 2024
Other than the elevated adoption of crypto funds, another advantages of accepting cryptocurrency funds are decrease transaction prices, no threat of chargebacks, enhanced safety, and entry to a novel buyer base.
Prime crypto fee gateways comparability
The very best crypto fee gateways provide a mix of seamless integration, intensive cryptocurrency assist, sturdy safety features, and aggressive pricing. The comparability desk under illustrates the transaction charges, variety of crypto and fiat currencies supported, and e-commerce plugins for every crypto fee gateway.
| Our score (out of 5) | Transaction payment* | Cryptocurrencies | Fiat settlement currencies | E-commerce plugins | |
|---|---|---|---|---|---|
| NOWPayments | 4.54 | 0.5% (if no forex trade) | 200+ | 20+ | 9 |
| BitPay | 4.30 | 1%–2% + 25 cents | 15 | 9 | 6 |
| Coinbase Commerce | 4.25 | 1% | 13 | 1 | 4 |
| OpenNode | 3.98 | 1% | 1 | 8 | 6 |
| Crypto.com | 3.98 | 0 | 30+ | 4 | 6 |
| *Crypto transactions all the time incur a community or fuel payment for executing operations on the blockchain. The transaction payment charged by the fee gateway is a separate payment. | |||||
NOWPayments: Greatest general
Our score: 4.54 out of 5
NOWPayments is a versatile cryptocurrency fee gateway that permits companies to simply accept each crypto and fiat funds. It provides a variety of integration choices and settlement strategies, giving retailers management over how they handle their funds.
Why I selected NOWPayments
NOWPayments’ greatest energy is the entire flexibility it gives to retailers in terms of accepting funds. It permits retailers to obtain each fiat and cryptocurrencies. Upon receiving the fee, the service provider has continued flexibility on what to do with it (hold it in the identical forex or convert it to a special forex) and the place to place it (hold the fee in custody or withdraw it to a crypto pockets or checking account).
Other than the settlement flexibility, NOWPayments provides all of the attainable methods to simply accept crypto funds. Its Custody characteristic permits retailers to simply accept cryptocurrency funds with no crypto pockets and make forex exchanges with out paying community charges. It additionally has a community payment optimization that may assist decrease blockchain charges when changing or transferring cryptocurrencies.
NOWPayments provides a extra complete set of options than different crypto fee gateways on this checklist. This makes it a wonderful match for companies searching for full management and suppleness in managing their crypto funds.
Pricing
- Transaction payment: 0.5% for funds with out trade.
- Conversion payment: 0.5%.
Options
- Instantaneous account registration.
- Accepts over 100 cryptocurrencies as funds.
- Settles in additional than 20 fiat currencies.
- Custody characteristic.
- Methods to simply accept crypto funds:
- API integration.
- Invoices or fee hyperlinks.
- Ecommerce plugins: PrestaShop, Magento 2, OpenCart, Zen Cart, Shopware, WooCommerce, WHMCS, Ecwid, Shopify.
- QR code.
- Subscription.
- Donation button.
- Fee circulate:
- Settle for crypto > hold in custody
- Settle for crypto > convert to different cryptocurrency > hold in custody
- Settle for fiat > convert to cryptocurrency > hold in custody
- Settle for crypto > withdraw to your crypto pockets
- Settle for crypto > convert to different cryptocurrency > withdraw to your crypto pockets
- Settle for crypto > convert to fiat > withdraw to your checking account
- Custody stability > withdraw to your crypto pockets
- Custody stability > convert to fiat > withdraw to your checking account/
- Fastened-rate trade choice.
- Crypto-to-fiat withdrawal: 1 enterprise day.
- Mass payouts.
- Community payment optimization.
- API to combine with any cell POS terminal.
- Sandbox surroundings for testing.
- 24/7 buyer assist.
Execs and cons
| Execs | Cons |
|---|---|
| Settlement flexibility. | Complicated refund course of. |
| Custody characteristic to avoid wasting on community. charges for forex exchanges. | Restricted reporting instruments. |
| Accepts each crypto and fiat funds. | Minimal fee fluctuates. |
| API integration with any cell POS terminal. |
BitPay: Greatest for multi-user entry
Our score: 4.30 out of 5
BitPay is a cryptocurrency fee gateway recognized for its user-friendly interface and multi-user account capabilities. It provides tiered transaction charges that lower with increased month-to-month volumes. Nonetheless, it gives restricted flexibility to retailers as funds are mechanically transformed and settled into the service provider’s checking account or cryptocurrency pockets.
Why I selected BitPay
BitPay is the one crypto fee gateway on this checklist that permits multi-user entry. This makes it an awesome alternative for companies that require a number of crew members to handle funds. It additionally locks in trade charges on the time of buy, which helps defend retailers from crypto value fluctuations.
Whereas its transaction charges could also be increased than others on this checklist, BitPay is a dependable and well-known supplier, and its cell POS app makes it simple to simply accept crypto funds in-store.
Pricing
- Transaction payment (based mostly on month-to-month quantity):
- $500,000–$999,999: 1.5% + 25 cents
- $1,000,000 and above: 1% + 25 cents
- Software payment: $75
- Minimal withdrawal quantity: is determined by forex; $20 for USD
Options
- Instantaneous account registration.
- Accepts 15 cryptocurrencies as funds.
- Settles in 9 fiat currencies.
- Automated quantity reductions.
- Day by day settlement.
- Methods to simply accept crypto funds:
- API integration.
- Invoices or fee hyperlinks.
- Subscription.
- E-commerce plugins: Magento 2, Shopify, WHMCS, Wix, WooCommerce, BigCommerce.
- Straightforward to embed fee button.
- Donation button.
- Cell POS app.
- Fee circulate:
- Settle for crypto > transformed to your chosen forex > every day settlement to your chosen checking account or cryptocurrency pockets.
- Multi-user login entry.
- Locks in charge on the time of buy.
- Lightning community assist.
- Buyer assist through e mail inside 1 enterprise day.
Execs and cons
| Execs | Cons |
|---|---|
| Multi-user functionality. | Fewer e-commerce plugins. |
| Cell POS app for accepting funds in-store. | Software payment. |
| Locks in charge at time of buy. | Larger transaction charges, even with the automated quantity reductions. |
| Low minimal withdrawal quantity. |
Coinbase Commerce: Greatest for immediate settlement
Our score: 4.25 out of 5
Coinbase Commerce is a cryptocurrency fee gateway that makes it easy and simple for companies to simply accept cryptocurrency funds. It mechanically converts incoming crypto funds into USD or USDC and provides instantaneous settlement to the deposit tackle supplied by the service provider.
Why I selected Coinbase Commerce
Companies which are simply exploring crypto funds and wish to begin small will discover Coinbase Commerce easy and simple to make use of. In contrast to different gateways on this checklist, Coinbase Commerce doesn’t present the choice to maintain different currencies besides USD and USDC. As an alternative, it locks in trade charges on the time of buy and transfers funds on to the service provider’s chosen deposit tackle.
Whereas it lacks forex trade choices and is proscribed to web site funds, its ease of use and assist for standard e-commerce platforms like Shopify and WooCommerce make it a perfect alternative for companies prioritizing simple, hassle-free transactions.
Pricing
Options
- Accepts 13 cryptocurrencies as funds.
- Settles in 1 fiat forex solely.
- Day by day settlement.
- Methods to simply accept crypto funds:
- API integration.
- E-commerce plugins: Jumpseller, Primer, Shopify, WooCommerce.
- Fee circulate: Instantaneous settlement to deposit tackle indicated.
- Locks in charge on the time of buy.
- Lightning community assist.
- Buyer assist through account dashboard solely.
Execs and cons
| Execs | Cons |
|---|---|
| Easy and simple. | No forex trade. |
| Instantaneous settlement eliminates charge volatility. | No sandbox surroundings for testing. |
| All incoming funds are transformed to USD or USDC. | |
| Just for accepting funds on a web site. |
OpenNode: Greatest for Bitcoin-only funds
Our score: 3.98 out of 5
A cryptocurrency fee gateway centered completely on Bitcoin, OpenNode provides options reminiscent of cut up settlement and scheduled payouts. Its Lightning community assist makes it extremely environment friendly for Bitcoin transactions.
Why I selected OpenNode
OpenNode stands out as the most suitable choice for companies that need to settle for Bitcoin and nothing else. Its options, like customized automated settlement schedules, a number of methods to simply accept crypto funds, and restricted settlement currencies, make it a perfect choice for companies that need to restrict their crypto fee acceptance however wish to settle for it in varied fee channels.
Though restricted to Bitcoin, OpenNode’s simplicity, mixed with sturdy e-commerce integrations, makes it an awesome match for companies centered on Bitcoin funds.
Pricing
- Transaction payment: 1%.
- Withdrawal payment: 1% for on-demand bitcoin payout.
Options
- Accepts 1 cryptocurrency solely (Bitcoin).
- Settles in 8 fiat currencies.
- Methods to simply accept crypto funds:
- API integration.
- Fee button.
- Invoices or fee hyperlinks.
- E-commerce plugins: Shopify, Magento, BigCommerce, Prestashop, WooCommerce, OpenCart.
- QR code.
- Fee circulate: Settle for bitcoin > hold as bitcoin or convert to native forex > switch to checking account or bitcoin pockets.
- Service provider might select to provoke payouts or to set them on a schedule.
- Break up settlement.
- Lightning community.
- KYC compliant.
- 24/7 buyer assist.
Execs and cons
| Execs | Cons |
|---|---|
| Retailers might set a customized automated settlement schedule. | Bitcoin solely. |
| Lightning community assist. | Withdrawal payment for on-demand bitcoin payout. |
| Break up settlement. |
Options
- Instantaneous account registration.
- Accepts over 30 cryptocurrencies as funds.
- Settles in 4 fiat currencies.
- Methods to simply accept crypto funds:
- API integration.
- Invoices or fee hyperlinks.
- Ecommerce plugins: Shopify, WooCommerce, OpenCart, Ecwid, NopCommerce, PrestaShop.
- Subscription.
- Fee circulate:
- Settle for crypto > convert to your chosen forex.
- Account stability > withdraw to checking account or cryptocurrency pockets.
- Any conversion and switch charges are charged to the client.
- Buyer will pay utilizing a QR code or by linking to Crypto.com, Metamask, WalletConnect, or different cryptocurrency wallets.
- The service provider receives the precise pricing quantity.
- Lightning community assist.
- 24/7 buyer assist.
Execs and cons
| Execs | Cons |
|---|---|
| Retailers obtain the precise value of the products/providers. | Restricted fiat and cryptocurrencies for settlement. |
| Permits retailers to decide on pricing forex in fiat or crypto. | No POS choice for in-person funds. |
| Service provider is just not subjected to trade charge volatility. | No superior reporting instruments. |
Advantages of utilizing a crypto fee gateway
Utilizing a crypto fee gateway provides some benefits for companies, together with:
- Decrease transaction charges in comparison with conventional fee processors.
- Instantaneous funds and faster settlements.
- International attain.
- No chargebacks or fee reversals.
- Enhanced safety with the blockchain expertise.
- For some gateways, flexibility to transform crypto into fiat or hold as digital forex.
How do I select one of the best crypto fee gateway for my enterprise?
When selecting a cryptocurrency fee gateway for your corporation, think about these key components:
- Transaction charges: To maximise your earnings, search for a gateway with low charges, particularly if you happen to course of a excessive quantity of transactions.
- Supported cryptocurrencies: Be sure the platform helps standard cryptocurrencies or these most related to your buyer base.
- Fiat conversion choices: Should you don’t need to maintain crypto, select a gateway that gives simple conversion to fiat currencies.
- Ease of integration: Make sure the platform integrates easily together with your web site, POS, or e-commerce platforms.
- Settlement instances: Contemplate how briskly the gateway settles funds into your financial institution or crypto pockets to take care of your money circulate.
Methodology
For this checklist of one of the best crypto fee gateways, I centered on options that provide flexibility, safety, and ease of use for companies seeking to settle for cryptocurrency funds. I evaluated every gateway based mostly on particular standards: integration, developer instruments, and consumer expertise (25%); supported cryptocurrencies and fee choices (25%); safety, compliance, and privateness (20%); pricing and transaction charges (15%); and buyer assist and assets (15%).
My analysis included a radical evaluation of product documentation, pricing pages, buyer suggestions, and hands-on testing or demo environments the place accessible. The aim was to suggest gateways that provide a powerful stability of options, ease of use, and safety for companies throughout completely different industries.
This text and methodology have been reviewed by our retail skilled, Meaghan Brophy