In 2023, the entire 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 by means of direct wallet-to-wallet transactions, the precise worth of cryptocurrency transactions used for fee of products may very well be considerably larger than this worth.
Companies seeking to get a bit 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 just accept cryptocurrencies reminiscent of Bitcoin, Ethereum, and Tether as funds inside a safer fee move. Crypto fee gateways might also enable retailers to maintain the funds as cryptocurrencies, convert cryptocurrencies to fiat currencies, and settle for cross-border funds.
RELATED: Prime Cryptocurrency Predictions for 2024
Apart from the elevated adoption of crypto funds, another advantages of accepting cryptocurrency funds are decrease transaction prices, no danger of chargebacks, enhanced safety, and entry to a singular buyer base.
Prime crypto fee gateways comparability
One of the best crypto fee gateways provide a mix of seamless integration, intensive cryptocurrency help, sturdy security measures, 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 ranking (out of 5) | Transaction price* | Cryptocurrencies | Fiat settlement currencies | E-commerce plugins | |
|---|---|---|---|---|---|
| NOWPayments | 4.54 | 0.5% (if no foreign money 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 at all times incur a community or gasoline price for executing operations on the blockchain. The transaction price charged by the fee gateway is a separate price. | |||||
NOWPayments: Greatest total
Our ranking: 4.54 out of 5
NOWPayments is a versatile cryptocurrency fee gateway that enables companies to just accept each crypto and fiat funds. It presents a spread of integration choices and settlement strategies, giving retailers management over how they handle their funds.
Why I selected NOWPayments
NOWPayments’ largest power is the whole flexibility it supplies to retailers relating to 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 (maintain it in the identical foreign money or convert it to a unique foreign money) and the place to place it (maintain the fee in custody or withdraw it to a crypto pockets or checking account).
Apart from the settlement flexibility, NOWPayments presents all of the potential methods to just accept crypto funds. Its Custody function permits retailers to just accept cryptocurrency funds and not using a crypto pockets and make foreign money exchanges with out paying community charges. It additionally has a community price optimization that may assist reduce blockchain charges when changing or transferring cryptocurrencies.
NOWPayments presents a extra complete set of options than different crypto fee gateways on this listing. This makes it a superb match for companies searching for full management and suppleness in managing their crypto funds.
Pricing
- Transaction price: 0.5% for funds with out trade.
- Conversion price: 0.5%.
Options
- On the spot account registration.
- Accepts over 100 cryptocurrencies as funds.
- Settles in additional than 20 fiat currencies.
- Custody function.
- Methods to just 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.
- Cost move:
- Settle for crypto > maintain in custody
- Settle for crypto > convert to different cryptocurrency > maintain in custody
- Settle for fiat > convert to cryptocurrency > maintain 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/
- Mounted-rate trade possibility.
- Crypto-to-fiat withdrawal: 1 enterprise day.
- Mass payouts.
- Community price optimization.
- API to combine with any cellular POS terminal.
- Sandbox surroundings for testing.
- 24/7 buyer help.
Professionals and cons
| Professionals | Cons |
|---|---|
| Settlement flexibility. | Advanced refund course of. |
| Custody function to save lots of on community. charges for foreign money exchanges. | Restricted reporting instruments. |
| Accepts each crypto and fiat funds. | Minimal fee fluctuates. |
| API integration with any cellular POS terminal. |
BitPay: Greatest for multi-user entry
Our ranking: 4.30 out of 5
BitPay is a cryptocurrency fee gateway recognized for its user-friendly interface and multi-user account capabilities. It presents tiered transaction charges that lower with larger month-to-month volumes. Nonetheless, it supplies restricted flexibility to retailers as funds are routinely 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 listing that enables multi-user entry. This makes it a terrific selection 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 larger than others on this listing, BitPay is a dependable and well-known supplier, and its cellular POS app makes it simple to just accept crypto funds in-store.
Pricing
- Transaction price (primarily based on month-to-month quantity):
- $500,000–$999,999: 1.5% + 25 cents
- $1,000,000 and above: 1% + 25 cents
- Utility price: $75
- Minimal withdrawal quantity: depends upon foreign money; $20 for USD
Options
- On the spot account registration.
- Accepts 15 cryptocurrencies as funds.
- Settles in 9 fiat currencies.
- Automated quantity reductions.
- Each day settlement.
- Methods to just 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.
- Cost move:
- Settle for crypto > transformed to your chosen foreign money > day by day settlement to your chosen checking account or cryptocurrency pockets.
- Multi-user login entry.
- Locks in fee on the time of buy.
- Lightning community help.
- Buyer help through e mail inside 1 enterprise day.
Professionals and cons
| Professionals | Cons |
|---|---|
| Multi-user functionality. | Fewer e-commerce plugins. |
| Cell POS app for accepting funds in-store. | Utility price. |
| Locks in fee at time of buy. | Larger transaction charges, even with the automated quantity reductions. |
| Low minimal withdrawal quantity. |
Coinbase Commerce: Greatest for fast settlement
Our ranking: 4.25 out of 5
Coinbase Commerce is a cryptocurrency fee gateway that makes it easy and simple for companies to just accept cryptocurrency funds. It routinely converts incoming crypto funds into USD or USDC and presents instantaneous settlement to the deposit tackle offered by the service provider.
Why I selected Coinbase Commerce
Companies which might be 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 listing, Coinbase Commerce doesn’t present the choice to maintain different currencies besides USD and USDC. As a substitute, 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 foreign money trade choices and is restricted to web site funds, its ease of use and help for fashionable e-commerce platforms like Shopify and WooCommerce make it a super selection for companies prioritizing simple, hassle-free transactions.
Pricing
Options
- Accepts 13 cryptocurrencies as funds.
- Settles in 1 fiat foreign money solely.
- Each day settlement.
- Methods to just accept crypto funds:
- API integration.
- E-commerce plugins: Jumpseller, Primer, Shopify, WooCommerce.
- Cost move: On the spot settlement to deposit tackle indicated.
- Locks in fee on the time of buy.
- Lightning community help.
- Buyer help through account dashboard solely.
Professionals and cons
| Professionals | Cons |
|---|---|
| Easy and simple. | No foreign money trade. |
| On the spot settlement eliminates fee 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 ranking: 3.98 out of 5
A cryptocurrency fee gateway centered completely on Bitcoin, OpenNode presents options reminiscent of cut up settlement and scheduled payouts. Its Lightning community help 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 just accept crypto funds, and restricted settlement currencies, make it a super possibility for companies that need to restrict their crypto fee acceptance however wish to settle for it in numerous fee channels.
Though restricted to Bitcoin, OpenNode’s simplicity, mixed with robust e-commerce integrations, makes it a terrific match for companies centered on Bitcoin funds.
Pricing
- Transaction price: 1%.
- Withdrawal price: 1% for on-demand bitcoin payout.
Options
- Accepts 1 cryptocurrency solely (Bitcoin).
- Settles in 8 fiat currencies.
- Methods to just accept crypto funds:
- API integration.
- Cost button.
- Invoices or fee hyperlinks.
- E-commerce plugins: Shopify, Magento, BigCommerce, Prestashop, WooCommerce, OpenCart.
- QR code.
- Cost move: Settle for bitcoin > maintain as bitcoin or convert to native foreign money > switch to checking account or bitcoin pockets.
- Service provider could select to provoke payouts or to set them on a schedule.
- Cut up settlement.
- Lightning community.
- KYC compliant.
- 24/7 buyer help.
Professionals and cons
| Professionals | Cons |
|---|---|
| Retailers could set a customized automated settlement schedule. | Bitcoin solely. |
| Lightning community help. | Withdrawal price for on-demand bitcoin payout. |
| Cut up settlement. |
Options
- On the spot account registration.
- Accepts over 30 cryptocurrencies as funds.
- Settles in 4 fiat currencies.
- Methods to just accept crypto funds:
- API integration.
- Invoices or fee hyperlinks.
- Ecommerce plugins: Shopify, WooCommerce, OpenCart, Ecwid, NopCommerce, PrestaShop.
- Subscription.
- Cost move:
- Settle for crypto > convert to your chosen foreign money.
- Account stability > withdraw to checking account or cryptocurrency pockets.
- Any conversion and switch charges are charged to the shopper.
- Buyer pays 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 help.
- 24/7 buyer help.
Professionals and cons
| Professionals | Cons |
|---|---|
| Retailers obtain the precise value of the products/companies. | Restricted fiat and cryptocurrencies for settlement. |
| Permits retailers to decide on pricing foreign money in fiat or crypto. | No POS possibility for in-person funds. |
| Service provider will not be subjected to trade fee volatility. | No superior reporting instruments. |
Advantages of utilizing a crypto fee gateway
Utilizing a crypto fee gateway presents some benefits for companies, together with:
- Decrease transaction charges in comparison with conventional fee processors.
- On the spot funds and faster settlements.
- World attain.
- No chargebacks or fee reversals.
- Enhanced safety with the blockchain know-how.
- For some gateways, flexibility to transform crypto into fiat or maintain as digital foreign money.
How do I select one of the best crypto fee gateway for my enterprise?
When selecting a cryptocurrency fee gateway for your online business, think about these key components:
- Transaction charges: To maximise your earnings, search for a gateway with low charges, particularly should you course of a excessive quantity of transactions.
- Supported cryptocurrencies: Ensure the platform helps fashionable cryptocurrencies or these most related to your buyer base.
- Fiat conversion choices: In the event 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 occasions: Take into account how briskly the gateway settles funds into your financial institution or crypto pockets to take care of your money move.
Methodology
For this listing of one of the best crypto fee gateways, I centered on options that supply flexibility, safety, and ease of use for companies seeking to settle for cryptocurrency funds. I evaluated every gateway primarily based on particular standards: integration, developer instruments, and person expertise (25%); supported cryptocurrencies and fee choices (25%); safety, compliance, and privateness (20%); pricing and transaction charges (15%); and buyer help and assets (15%).
My analysis included an intensive evaluation of product documentation, pricing pages, buyer suggestions, and hands-on testing or demo environments the place accessible. The purpose was to suggest gateways that supply 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