As the popularity of cryptocurrencies grows, more and more owners of online stores and platforms are thinking about introducing crypto payments. Crypto processing services facilitate the solution of this issue by offering a wide range of payment tools. Therefore, we invite you to consider the top best services that will allow you to accept crypto in your online store.
- The popularity of cryptocurrencies attracts more and more merchants
- There’s a wide range of payment tools; one of the easiest ways to accept crypto in a WooCommerce store is to install a plugin
- Among top crypto payment services there are NOWPayments, Coingate, CoinPayments, and many others. NOWPayments offers 100+ currencies to accept as payment.
Just ten years ago, the cryptocurrency was treated with ridicule, and almost nobody had much hope for its bright future. Some on the wave of hype bought themselves a few cheap Bitcoins for fun. After a while, some of these people became millionaires, which created a massive hype around digital assets. Over the years, new cryptocurrency projects began to appear, some developers in pursuit of success created Bitcoin forks, which were designed to minimize the disadvantages of the latter. Some have released innovative projects other than Bitcoin, such as Ethereum with its smart contracts. And every year, the number of cryptocurrencies and their popularity has only grown.
Today, cryptocurrency is not just a fashion trend (although it is also one) but one of the most crucial parts of the global economy. More than 300 million people around the world actively use cryptocurrency. And more than 18,000 companies across the globe accept crypto for payment. The list of the most famous companies includes such global brands as Microsoft, Dell, AirBaltic, Wikipedia, and even PornHub. Why are cryptocurrencies so popular? There are many such reasons. Here are just a few of them:
Crypto does not obey any monetary regulator, and transactions on the network occur on a peer-to-peer basis.
- Low fees
Since there are no intermediaries in the form of banks and other regulators, fees are significantly reduced, and sometimes there are none.
With the help of cryptocurrency, you can receive payments from any corner of the world in a matter of seconds. In addition, there is no fear that the payment will be frozen.
- No chargebacks
Blockchain transactions are irreversible, so chargeback fraud is impossible.
The parties do not need to enter any personal data that can become a target for fraudsters.
And this is only part of the benefits associated with crypto payments. Let alone the investment opportunities of cryptocurrencies. Over the past 8 years, the value of Bitcoin has grown from $100 to about $40,000. Such profits have given tech-savvy merchants outstanding opportunities to expand and improve their businesses. Those merchants who were afraid to accept crypto payments before hurriedly began to look for ways to solve this issue. And there are so many such ways now that one’s head is spinning. Therefore, we suggest you figure out which top crypto payment gateways are on the market.
Best 10 crypto gateway plugins
NOWPayments is one of the most popular and trustworthy crypto payment gateways on the market. The service provides various payment tools with which users can receive payments and donations and make mass payments. The platform supports more than 100 cryptocurrencies. NOWPayments compares favorably with competitors with its low fees, which start at 0.4%. In addition, the service supports fiat processing. One of the main advantages of the platform is its non-custodial nature; that is, funds are transferred directly to the recipient’s wallet. In addition to invoices, APIs, plugins, and other tools, the platform team is always happy to help with a customized solution.
Coingate is one of the main contenders for the position of the best crypto payment gateway. Founded in 2014 in Vilnius, Coingate compares favorably with competitors as it allows not only accepting payments in BTC and other cryptocurrencies but also operations with traditional fiat currencies such as US dollars and euros. Coingate supports about 70 cryptocurrencies. The transaction fee is at the average market level — 1%. Merchants working with Coingate get the opportunity to withdraw cryptocurrencies with instant conversion to their bank accounts, as well as convert one cryptocurrency into another. Of the disadvantages, we can note that the service is custodial.
Coinbase Commerce crypto payment gateway allows merchants to accept payments in seven cryptocurrencies — Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USD Coin, Dogecoin, and DAI. Coinbase Commerce uses the developed trade and payment infrastructure of Coinbase. As a result, clients easily withdraw assets to Coinbase crypto exchange accounts, exchange some digital assets for other crypto or fiat currencies, can use custodial solutions for storing cryptocurrencies, and so on. Unlike other crypto-processing, the fee policy of Coinbase Commerce does not involve charging a commission for processing transactions. Still, withdrawals are subject to commissions: 1% for conversion to fiat and withdrawal to the account of the Coinbase Pro exchange or network fees (depending on the cryptocurrency) for withdrawal to a third-party wallet.
CoinPayments is one of the old-timers of the crypto-processing sphere. CoinPayments is not only a crypto payment gateway but also an online wallet with the ability to buy and sell cryptocurrencies. The main differences between CoinPayments and competitors are a low transaction fee (from 0.5% with an average market fee of 1%) and support for more than 175 digital assets for payments. Furthermore, merchants can exchange one cryptocurrency for another inside their personal accounts. This is a very relevant service when it comes to accepting payments in dozens of different cryptocurrencies, which are then more profitable to exchange for the popular Bitcoin and only then withdraw to a third-party account to exchange for fiat. In addition, there is no fee for the first $15,000/month.
Another well-known crypto payment gateway is Plisio. The service works with both cryptocurrencies and fiat currencies. To date, Plisio supports 8 of the most common cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dash, Dogecoin, Zcash, Bitcoin Cash, and Monero). In addition, with Plisio, a merchant can easily convert the received cryptocurrencies into more than 160 fiat ones. The platform provides payment tools such as API, invoices, plugins, and mass payouts. Plisio adheres to the concept of White Lab; that is, when making a payment, your customers do not leave your website. The crypto payment gateway compares favorably with its fees — 0.5%.
This payment service supports all popular cryptocurrencies and stablecoins. A total of 19 different cryptocurrencies are available for payments. In addition to the fact that you can use the service anywhere in the world, it also has the lowest commissions on the market, which may decrease depending on the volume. The larger the amount — the lower the commission will be. For example, commissions for coins start from 0.5% and can drop to 0.35%. The same applies to tokens. But you will have to pay from 1% to 0.85% for stablecoins. As for other services of the platform, B2BinPay provides the opportunity to convert cryptocurrency, as well as withdraw it to crypto wallets and bank accounts.
The OpenNode project claims to be a global provider of Bitcoin payment processing services. Due to the availability of the Lightning Network, the OpenNode processing system provides immediate settlements with low fees. In OpenNode, there is no minimum limit for performing a transaction since the system allows microtransactions. Sellers have two withdrawal options: automatic scheduled withdrawal and manual withdrawal. The first is transferred to the seller’s Bitcoin wallet, and the manual withdrawal is converted into the seller’s native currency and then directly transferred to the bank account. OpenNode charges a 1% transaction fee after the first $10,000 of revenue per month. No fees are charged up to this threshold.
Triple A is one of the most reliable and secure crypto payment gateways. To date, the service supports the following cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Tether, and a number of ERC20 tokens. In addition, the service supports conversion to fiat; more than 40 national currencies are available. A fee of 0.8% is charged for crypto-to-fiat conversion. The service stands out favorably because it meets the highest security standards. Triple A provides a number of convenient and easy-to-integrate payment tools, such as plugins, invoices, POS terminals, and more. To date, the service offers plugins for 3 CMS solutions: OpenCart, WooCommerce, and Shopify.
GoCrypto is currently one of the most rapidly developing and innovative payment gateways. The service provides an opportunity to accept more than 40 cryptocurrencies for payment. GoCrypto provides its services on the territory of more than 60 countries. The fees charged by the service depend on the country of which you are a resident. In addition to plugins available for the leading e-commerce platforms, the service provides a number of unique tools. Virtual POS that allows you to accept crypto payments on your phone, tablet, or computer. A physical Elly POS that allows you to accept almost all existing payment methods. Hardware POS with which a merchant can not only accept crypto payments but also sell and buy cryptocurrency.
BitPay is perhaps the most famous cryptocurrency gateway in the world. Founded in 2011, just two years after the launch of the Bitcoin blockchain, BitPay now has a wide range of services for merchants wishing to accept payments in cryptocurrencies — from e-commerce plugins to payment buttons in online stores, buttons for donations, an API, and a payment application for iOS or Android. In addition to processing, BitPay offers ordinary users to issue a crypto card — a prepaid card that can be deposited using cryptocurrencies. With this card, users can pay in stores as if it were a regular bank card. Among the various functions of the BitPay gateway, there are open-source e-commerce plugins. The commission for accepting online payments for merchants is the standard 1% of the transaction amount.
With the growing demand for cryptocurrency, there are more and more services that are ready to help merchants. Each of these services offers its own terms, payment instruments, and so on. In this article, we have selected the top 10 best crypto payment gateways with which you can easily configure the acceptance of crypto payments in your store.