Whether you are new to accepting cryptocurrencies as a form of
payment on your website or not, the good thing is you don’t actually
have to develop tools for each and every cryptocurrency out there
yourself.
This is because the cryptocurrency industry is already full of
amazing payment getaways which allow even complete newbies to start
accepting Bitcoin and other cryptocurrencies as means of payments
through their own website and online business services.
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So what are crypto payment getaways?
Cryptocurrency payment processors simply facilitate the transfer of
Bitcoin and other cryptocurrencies from merchants’ websites or business
service into their own wallets, or directly into their own bank accounts
& fiat currencies.
These services allow merchants who want to accept cryptocurrencies as
a form payment to automate and simplify the process of accepting these
payments. Cryptocurrency getaways also provide countless of other useful
tools such as multi-coin wallets, and debit cards.
How the crypto payment getaways work?
Cryptocurrency payment getaways all work in a similar fashion, they
either exchange the currencies you receive to fiat currencies, and
deposit into your bank account, or you simply receive the payment in the
form of cryptocurrencies.
This all depends on your choice of getaway and the approach you want to take.
However in most cases it all goes like this:
- A customer chooses to pay in Bitcoin or other cryptocurrencies. –
You’ve pre-determined in what currency you want to receive these
payments(USD, EUR, GBP, or any other). - The customer then pays
the invoice at a fixed rate, the currency gets exchanged automatically
and goes to your chosen fiat currency, bank account, or directly to the
wallet you control.
And that’s it, most cryptocurrency getaway work in the background and
can do all the fiat settlements totally automatically, making your
taxes easier, while protecting you from the price volatility. Of course,
if you decide to support the Bitcoin ecosystem, and want to receive
payments in Bitcoin without converting them, that is also possible.
What are the best payment getaways for cryptocurrency?
To find out which cryptocurrency payment getaway is the best depends
on your needs, technical skills, and multiple other factors. That being
said, this list compiles all of the important payment getaways and the
necessary information for you to decide.
For technical users who want extreme security, and privacy we
recommend skipping this article and go directly to a self-hosted
platform such as BTCpay.
However for most people, this is probably not the right option and
it’s why for majority of people who just want to start accepting
cryptocurrencies through their website, we always recommend either Blockonomis or Coinpayments.
That being said if you are new to cryptocurrency payment getaways,
and want to learn more on how to implement either Coinpayments or
Blockonomis, check our other article as we’ve put all of our information
on that blog post.
Lets now take a look at the best cryptocurrency payment getaways and their differences.
| Getaway | Fees | Type | Multi-Currency | Lightning |
| BTCpay (Open-Source) | 0% | Self-Hosted | Yes | Yes |
| Blockonomics | 1% | Non-Custodial | Yes(2) | No |
| CoinPayments | 0.5% | Custodial | Yes(1900+) | Yes |
| CoinGate | 1% | Custodial | Yes(50+) | Yes |
| Coinbase | 0% | Custodial | Yes(6) | No |
| SpectroCoin | – | Custodial | Yes(3) | No |
| NowPayments | 0.5% | Custodial | Yes(50+) | No |
| CryptoProcessing | – | Custodial | Yes(30+) | No |
| Plisio | 0.5% | Custodial | Yes(6) | No |
| CoinsBank | 0.5% | Custodial | Yes(4) | No |
| Confirmo | 0.8% | Custodial | Yes(2) | No |
| GoCoin | 1% | Custodial | Yes(6) | No |
| ALFAcoins | 0.99% | Custodial | Yes(6) | No |
| OpenNode | 1% | Custodial | No | Yes |
| Bitpay | 1% | Custodial | No | No |
| SpicePay | 1% | Custodial | Yes(4) | No |
| Gourl (Open-Source) | 1.5% | Custodial | Yes(13) | No |
1. BTCPay
BTCPay Server is the most advanced open-source cryptocurrency payment getaway.
The platform allows crypto merchants to receive payments in Bitcoin
and various other supported cryptocurrencies without having to trust any
third parties. This is because the BTCPay server is self-hosted,
meaning it requires one’s own technical knowledge to run and operate.
The main advantage of free and open-source software of course is that
the platform can be managed without any additional costs, including zero
transaction fees.
BTCPay Server is by far our most recommended service if you want to
stay private, require open-source software, or if you just happen to be a
more technical person with interest to operate your cryptocurrency
e-commerce services totally free of third parties.
Pros:
- Transparent open-source software managed by a large community
- E-commence plugin integration with no middleman
- Secure, private, censorship-resistant, and free
- Lighting network payments & TOR support
- All the regular integration plugins
Cons:
- Require technical learning curve (Not for newbies)
2. Blockonomics
Blockonomics is an advanced non custodial cryptocurrency payment getaway.
Non-custodial means the platform itself does not touch your Bitcoins
at all. And because of this it also does not have any third-party
requirements. The Blocknomics platform, therefore, acts as a services
providers only. And instead to use the service merchants pay for the use
on a monthly basis beforehand or as a monthly subscription. The
platform also has wallet watcher and multiple other features including
the ability to create invoices.
Blockonomics is the alternative to the BTCPay server, it doesn’t
require a technical implementation, but still allows merchant to stay
totally private and secure without having to give away all of their
valuable information.
Pros:
- Allows payment directly to one’s own Bitcoin wallet
- Segwith ready, wallet watcher, invoices
- Zero Documentation requirements
- Secure & private by design
- Easy to set up plugins
Cons:
- Only accepts Bitcoin & BitcoinCash
Visit Blockonomics
3. CoinPayments
CoinPayments is the largest cryptocurrency payment getaway platform today.
CoinPayments is one of the original payment services that allowed
merchants to start accepting a variety of cryptocurrencies. The platform
has only evolved since it’s early days and today it allows the
acceptance of over 1900+ cryptocurrencies for people all around the
world.
The platform also has a large set of advanced features everything
from multi-coin wallets to, auto coin conversions, fiat settlements, and
much more, all with flat 0.5% fees.
CoinPayments is by far our most recommended platform for any regular
person who wants to accept a large set of different cryptocurrencies,
with low fees and multi-wallet support.
Pros:
- Old reputable platform with the largest set of accepted cryptocurrencies (1900+)
- Unique $PayByName allows receiving all coins without addresses
- Multi coin crypto wallet with auto coin conversions
- Can be integrated with all the popular plugins
- GAP600 instant Bitcoin confirmations
- Airdrops of new coins and tokens
- Lightning Network payments
Cons:
- Requires ID verification
4. CoinGate
CoinGate is another strong and reputable cryptocurrency payment getaway.
CoinGate platform allows cryptocurrency payments through a website
with quick registration and multiple tools and features. Merchants can,
for example, accept, buy, sell and manage over 50+ cryptocurrencies with
variety of integrated plugins, payment buttons, and API:s.
CoinGate is great for anyone who requires feature rich platform with fiat integration.
Pros:
- Reputable platform with advanced fiat exchange possibilities
- Point-of-Sale (PoS) system, accept crypto where you go
- All the regular plugins for website integrations
- Lightning network support
Cons:
- Identity verification is required
Visit CoinGate
5. Coinbase
Coinbase Commerce is one of the most popular exchange, and hot wallet in the industry.
Not only this platform offers services internationally, but it allows
everyone to transact, exchange, and hold coins, within reasonable
security. One of the key advantages of Coinbase as a merchant service is
it’s integrated easy to use fiat services. The platform also has zero
fees for accepting cryptocurrencies, but one must recognize that there
are other fees involved such as when you convert Bitcoins into fiat
currencies.
Coinbase is probably one if not the best option for any American
citizens, as it also makes dealing with taxes a bit more straight
forward process.
Pros:
- One of the fastest platforms to get started with accepting cryptocurrencies
- Zero fees for accepting Bitcoin and other cryptos through your website
- Payment buttons, email invoices, popular plugins
Cons:
- Requires Identity verification
- Fewer cryptocurrencies
Visit Coinbase
6. SpectroCoin
SpectroCoin is another oldschool cryptocurrency exchange and getaway platform.
SpectroCoin platform allows acceptance of cryptocurrencies through
your website, with instant exchange into fiat currencies such as USD,
EUR, and GBP to avoid volatility. The platform also offers many
integrated fiat features, such as debit cards, IBAN accounts, and
multicurrency wallets with up to 20+ cryptocurrencies.
Pros:
- Reputable Oldschool platform with over 7 years of experience
- All the regular plugins and API integration
- Bitcoin debit card with personal IBAN
Cons:
- Each merchant requires a separate application
- Can accept very few cryptos
- ID verification is required
7. NOWPayments
NowPayments is one of the newer cryptocurrency getaways.
The platform allows acceptance of multiple different
cryptocurrencies, with easy to use implementation. Accepted coins go
instantly to the user’s wallets without the user having to worry about
anything. It’s important to note that the platform however is not
completely non-custodial.
Pros:
- Multiple widgets, buttons, API development, and plugins
- Coins get deposited instantly to users wallet of choice
- Many coins available with Instant conversation
- No identity verification needed
Cons:
- No fiat settlements
Visit NOWPayments
8. CryptoProcessing
CryptoProcessing is another trusted cryptocurrency payment getaway.
This platform offers services to some of the big names within the
industry and with a long term experience. It allows acceptance of over
30+ cryptocurrencies, and with auto conversations to fiat currencies of
your choice directly paid to your bank account.
Pros:
- Possibility to become a crypto merchant yourself with their infrastructure
- Build-in OTC desk for automatic fiat currency conversions
- Invoices, and simple integration
Cons:
- Requires application to begin with
- Identity is required
Visit CryptoProcessing
9. Plisio
Plisio is a fresh cryptocurrency getaway with unique approach.
The platform allows businesses and individuals to accept a few
different cryptocurrencies with low fees of 0.5% and with no identity
requirements. Other features include mass payments, invoices, and
flexible integration using the regular plugins available.
Pros:
- White label your getaway with custom branding
- Fast integration with all the regular plugins
- No proof of identity needed
Cons:
- No fiat settlements
- Few coins available
Visit Plisio
10. CoinsBank
CoinsBank is another all in one cryptocurrency payment getaway.
The platform allows seamless integration with debit cards in such a
way that payments can be auto-converted and are ready to use anywhere
you go. There are also many other features such as multi-crypto wallets,
exchange, and mobile app.
Pros:
- All in one platform with fiat integration and exchange
- Unique auto conversation with Bitcoin debit cards
Cons:
- Few cryptocurrencies available
- Requires identity verification
Visit CoinsBank
11. Confirmo
Confirmo (BitcoinPay) is another oldschool cryptocurrency payment getaway.
The platform offers easy to use and seamless cryptocurrency payments,
with integrated fiat settlements to your chosen fiat currency. Other
features include invoices, easy refunds, mass payments, and powerful
API.
Pros:
- Reputable platform with years of experience
- Many fiat currencies for settlement
- Build-in easy refund system
Cons:
- Identity is required
- Only bitcoin & Litecoin
Visit Confirmo
12. GoCoin
GoCoin is yet another early operating cryptocurrency getwaway.
The GoCoin platform was implemented by many in the early days as it
was one of the first ones providing the ability to accept
cryptocurrencies as a form of payment.
The platform provides multiple features such as protection from
market fluctuations with fiat settlements. It also has all the regular
plugins ready for easy integration, and more.
Pros:
- Reputable cryptocurrency getaway with fiat settlements
- Easy setup, comes with all the regular plugins
Cons:
- Identity verification
- Few cryptos
Visit GoCoin
13. ALFAcoins
ALFAcoins is a old school cryptocurrency payment processor.
The ALFAcoin is free to use cryptocurrency payment processor for
businesses and online shops. It allows accepting multiple
cryptocurrencies as a means of payment or donations.
The platform can be integrated with various plugins including
WordPress. There are also several features such as buttons, invoices,
and the ability to send coins to directly as salaries
Pros:
- Reputable old cryptocurrency getaway
- Pay salaries directly with cryptos
- Plugin integration
Cons:
- Few coins available
- No fiat settlements
- Identity required
Visit ALFAcoins
14. OpenNode
OpenNode is a newer Bitcoin only getaway with lighting support.
This getaway is special in the sense that it is designed for Bitcoin
only usage, and with that in mind, it has automatic fiat currency
conversions, lighting payments with flat 1% fees.
OpenNode also have some new and unique features such as
micropayments, which allow monetization of any interaction as small as
($0.00001/transaction)
Pros:
- Hassle-free Bitcoin only getaway, focus on what matters
- All the usual plugin integrations with various platforms
- Fiat settlements with various currencies
- Micropayments for creative monetization
Cons:
- Bitcoin only is also the biggest downside
- Identity is required
Visit OpenNode
15. Bitpay
Bitpay was one of the earliest Bitcoin payment getaways in the whole world.
Although Bitpay allows currency conversations from Bitcoin to various
other altcoins, and fiat currencies, it still is Bitcoin only focused
platform, meaning it doesn’t allow merchants to accept any other
currencies as a form of payment. BitPay also has it’s own Bitcoin debit
cards for easy fiat settlements.
Pros:
- A crazy old platform from 2011 with Bitcoin as the key focus
- Bitcoin debit card with instant currency conversions
- E-commerce plugins and POS mechanism
Cons:
- No multi-coin features
- Controversial past
- Identity required
Visit Bitpay
16. Spicepay
Spicepay is a fresh cryptocurrency getaway with trusted clients.
This platform offers all the regular cryptocurrency payment services
you could ask for, from currency conversions to multiple
cryptocurrencies, and integrated easy to use plugins.
Pros:
- Integrated plugins for easy website installation
- Inbuild exchange with various fiat currencies
Cons:
- Identity required
- Few cryptos
Visit Spicepay
17. GoUrl
Gourl is another free and open-source cryptocurrency payment getaway.
The platform is absolutely free to use, with no subscription and with
various unique features that allow users to monetize their digital
products with flat fees.
Pros:
- Fully integrated easy to use plugins and API
- Anonymous by design
Cons:
- No fiat settlements
Visit GoUrl
Why should you accept Cryptocurrencies?
Accepting cryptocurrencies as form of payment has multiple benefits:
- Cryptocurrencies operate 24/7 without any downtime.
- Cryptocurrencies allow cross border transactions.
- You can reduce payment processing fees.
- Your transactions cannot be censored.
- You don’t have to trust third parties.
These are just some examples of why every business owner should start accepting cryptocurrencies as a form of payment.
Not only can you bypass the old dying centralized slavery fiat
system, but you are also making sure your business is open
internationally and with full sovereignty.
Note that as the world gets increasingly more centralized and
governments step up their control structure, at some point in time some
of us might not even have a choice but to accept these alternative
payment methods. This is already the case for many businesses &
individuals out there.
And that’s it for today, now it’s time to hear what you think: Do you
already accept Bitcoin as a form of payment method? Which
cryptocurrency payment getaway do you prefer?
Let us know your thoughts in the comment section below, as we will keep updating this article going forward!
And here’s few articles that you might enjoy reading next:
- Unstoppable Domains – Create Uncensorable Websites
- Best Bitcoin Debit Cards You Can Use Today (Updated List)
- How to Pay Bills with Bitcoin When Someone Doesn’t Accept It
Super, very extensive post.
Almost no one will read it in full.
I could affirm it.
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It is better to choose a payment gateway that support cryptocurrency in several coins. This is for the long term. Well, I think it's not necessary to talk about safe.
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