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Essentials to Choosing the Best Cryptocurrency Payment Gateway

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Hearing too much about cryptocurrency and thinking how to go into it? Well, you could always start trading them like investment vehicles, or you could start accepting them as payment for your businesses. If the latter is the case, you need a cryptocurrency payment gateway. That is, something like PayPal for accepting online payments yet for cryptocurrencies.

Arguably, why anyone would want to accept cryptocurrency at this early stage is really to open a new revenue channel. According to Crypto.com, the current number of cryptocurrency owners totalled 300 million worldwide, which is an increase of 178% from 2021. Moreover, the numbers are expected to break a billion by end 2022. Hence, think your business can reach these 300 million users? Whatever the case, “Fortune Favours the Brave”, said Matt Damon in Crypto.com’s commercial. Not forgetting, any cryptocurrencies received can be converted to fiat automatically. So, are you brave enough to take this first step out to adopting cryptocurrency payment?

This article sheds light into some of the best cryptocurrency payment gateway in the market. Thus, read on to know more about each and decide if they’re your business fit!

The world wide web is huge, and yet you had stumbled on my site looking for something. I hope you find it as we had taken huge efforts to create them. Best of all, its FREE! Hence, some of our content may include affiliate links (i.e. whenever you click on the links and purchase, I earn a small commission at no extra costs to you!). No worries! Some of these links may look like phishing, but I assure you they are not! Lastly, the affiliation does not affect my reviews towards them. Enjoy!

Best Cryptocurrency Payment Gateway

  1. Blockonomics
  2. Coinbase
  3. Coingate
  4. CoinPayments
  5. CoinRemitter
  6. Cryptoprocessing by CoinsPaid
  7. Crypto.com
  8. GoUrl
  9. NOWPayments

1. Blockonomics

Best Cryptocurrency Payment Gateway: Blockonomics

Year Founded: 2015

Country: India

Userbase: 40k+

Essentials

  • Supported Cryptocurrencies: BTC & BCH only
  • Integrable Platforms: 8 incl WooCommerce, Wix & Shopify
  • Invoicing: Yes
  • Convert to Fiat: N.A
  • Convert to Other Crypto: N.A
  • Pay Direct to Wallet (No KYC): Yes
  • Mobile App: No

Use Factor

  1. P2P Invoicing – P2P invoicing isn’t just sending invoices to another with your own wallet address. With Blockonomics, generated invoices are encrypted in the browser and protected with secret keys. Most importantly, the invoices serve to hedge against crypto fluctuation rates to ensure you are paid according to current prices. As another measure, users can also set the invoice expiry date to their desired (default is 7 days).
  2. Track Multiple Wallets – Not all cryptocurrency payment gateway is able to track multiple wallets. With this feature, Blockonomics enable business users to link different wallets to different crypto addresses for absolute flexibility and even greater payment visibility. Also, you can opt to receive email notifications on back payments.
  3. Embeddable Payment Button – What better to enable your customer payments than with beautiful and ready-made embeddable payment buttons on your website! By just inserting a small code, the button can appear in any webpages that require payments. Albeit some beginner coding knowledge required, users can also customise the button to their desired colours, size, texts and more.

Pricing

  • Transaction Fee: 1% (1st 20 Transactions Free)
  • Withdraw to Fiat: N.A
  • Other Fees: No

Blockonomics is a decentralized and permissionless bitcoin payment solution

2. Coinbase

Best Cryptocurrency Payment Gateway: Coinbase

Year Founded: 2012

Country: USA

Userbase: Est. 50-100k

Essentials

  • Supported Cryptocurrencies: BTC, BCH, DAI, DOGE, ETH, LTC & USDC
  • Integrable Platforms: WooCommerce & Shopify only
  • Invoicing: Yes
  • Convert to Fiat: Yes
  • Convert to Other Crypto: Yes
  • Pay Direct to Wallet (No KYC): No
  • Mobile App: Yes

Use Factor

  1. Store & Manage Crypto & NFTs – Coinbase, the largest cryptocurrency exchange in the USA by trading volume. Users get an industry leading wallet by using this cryptocurrency payment gateway that allows them to store, buy and sell all sorts of cryptos and NFTs. Above all, the wallet service is fully protected by industry-grade security with over 98% of cryptos stored in offline and highly secured facilities. In fact, Coinbase takes a serious approach and reviews all digital assets extensively for security and compliances. Moreover, user protection measures such as multi-factor authentication, hardware keys and protection advices are all available within Coinbase.
  2. Trade Crypto Directly – Well, if you’re already a user of Coinbase Exchange, there’s just no reason not to choose this cryptocurrency payment gateway. Any crypto payment that comes through can be traded. Or, they can be left to compound while you work on growing your businesses. Whatever way you choose, if you have an interest in a blockchain-led payment future, Coinbase more than provide a possibility!
  3. Top-Notch Security – As we mentioned before, security is serious in Coinbase. All transactions are screened at the backend in real-time. Illicit activities are investigated for full regulatory compliances. Hence, you can conduct your business with ease while your customers know that they’re dealing with a reliable business!

Pricing

  • Transaction Fee: 1%
  • Withdraw to Fiat: 1% (expedited fees separate)
  • Other Fees: Free Currency Conversion to Fiat with Coinbase Account

3. Coingate

Best Cryptocurrency Payment Gateway: Coingate

Year Founded: 2014

Country: Lithuania

Userbase: 230k+

Essentials

Use Factor

  1. Buy & Spend Crypto Directly – Yes, another cryptocurrency payment gateway that allows you to buy and spend cryptocurrencies you earned directly! With Coingate, you can buy with your credit or debit cards, and spend them in over 150 merchant stores that supports Coingate! Also, buy over 1,000s gift cards directly from brand names like Adidas, Hotels.com, Amazon and even Lazada! In short, what you get is the savings from conversion that truly maximises your cryptos earned!
  2. Smaller Platforms Supported – Coinbase supports quite a couple of smaller e-commerce platforms such as Blesta, eshoprent, osCommerce, Thirtybees, and VirtueMart. So, if you’re using any of these, keep Coinbase in sight. For the full list of integrable platforms, visit link in the ‘Essentials’ section above.
  3. 3 Button Choices – Beautiful yet powerful buttons to allow your site be paid in cryptocurrencies. Coingate offers 3 designs to choose from; Fixed price, slider and list. Above all, each of these buttons serve different purposes to support your various pricing strategies. Whatever the case, you are able to customise them further and receive email notifications for any payment received!

Pricing

  • Transaction Fee: 1%
  • Withdraw to Fiat: for Int’l Banks to EUR @ 1% & USD @ 0.2%
  • Other Fees: Buying Crypto with CC or Debit @ 8%

4. CoinPayments

Best Cryptocurrency Payment Gateway: CoinPayments

Year Founded: 2013

Country: UK

Userbase: 100k+

Essentials

Use Factor

  1. POS Possible – Firstly, many cryptocurrency payment gateways can usually be tweaked for Point-of-Sale transactions. In CoinPayments, all you need is your saved checkout page for your customer to scan the QR code with their phone. Of course, the amount can be manually set. Most importantly, the URL of the checkout page should be prepared beforehand and accessed by a portable device such as tablet or phone.
  2. ‘All’ Cryptocurrencies Supported – CoinPayments supports over 2.3k cryptocurrencies! Is there a need to for businesses? Maybe! As much as cryptocurrency payment gateway opens revenue possibilities, the cryptocurrencies itself are the enablers. Want to pay in small cap cryptos? Sure! Then, convert to another of your choice on your own, or to fiat directly.
  3. Tiny Fees – Whether you want to receive, convert or send crypto, there’s just a small fee to pay with CoinPayments! At only 0.5% for transactions and a crypto-crypto conversion fee of 0.1%, CoinPayments’s fees are just below market rate! Truly desirable and works for businesses of any sizes! That is, the more transactions you have, the more you’re going to save with CoinPayments. So, why not?

Pricing

  • Transaction Fee: 0.5%
  • Withdraw to Fiat: N.A
  • Other Fees: Crypto Conversion Fee @ 0.1%

Accept 100s of Cryptocurrencies on CoinPayments

5. CoinRemitter

Best Cryptocurrency Payment Gateway: CoinRemitter

Year Founded: 2017

Country: Singapore

Userbase: 32k+

Essentials

  • Supported Cryptocurrencies: 9 incl BTC, ETH & DOGE
  • Integrable Platforms: OpenCart, Magento 2, Prestashop & WooCommerce
  • Invoicing: Yes
  • Convert to Fiat: No
  • Convert to Other Crypto: Yes
  • Pay Direct to Wallet (No KYC): Yes
  • Mobile App: No

Use Factor

  1. Multi-Level Security – A cryptocurrency payment gateway with built-in security is a good one. In CoinRemitter, it uses 2FA and a powerful industry-grade website protection software called CodeGuard. This way, the online platform is monitored 24/7 for any malicious attacks and remediated when required to.
  2. Multi-Wallet Possible – Likewise to Blockonomics, CoinRemitter is capable of supporting multiple wallets with a single account for different business needs. Do membership payment go into one wallet, while product purchases go into another? Whether for ease of bookkeeping or not, CoinRemitter can seamlessly integrate into your current business process!
  3. Lowest Fees? – If you noticed, top gateways like Coinbase and even Crypto.com charges as much as 1% and 0.5% respectively. However, CoinRemitter only charges a single processing fee of 0.23% + transaction fee which varies from 0.0001 to 60. So, which cryptocurrencies offer the cheapest fees with CoinRemitter? BTC, TCN, and BNB (0.008). Hence, if you are accepting these 3 coins, no doubt CoinRemitter is a viable choice!

Pricing

  • Transaction Fee: Varies (refer to link)
  • Withdraw to Fiat: No
  • Other Fees: Processing Fees of 0.23% Applies for All Transactions

6. Cryptoprocessing by CoinsPaid

Best Cryptocurrency Payment Gateway: Cryptoprocessing

Year Founded: 2014

Country: Estonia

Userbase: 800+

Essentials

  • Supported Cryptocurrencies: 30+ incl BTC, LTC & XRP
  • Integrable Platforms: Nil
  • Invoicing: Yes
  • Convert to Fiat: Yes
  • Convert to Other Crypto: Yes
  • Pay Direct to Wallet (No KYC): No
  • Mobile App: No

Use Factor

  1. Kaspersky Audited – Another cryptocurrency payment gateway that takes pride in a secure platform for their users. Since 2020, Cryptoprocessing had been audit by Kaspersky, a leading antivirus brand, for its system vulnerability (or none in this case!). Having such an audit is proof of Cryptoprocessing’s solid foundational work in creating a safe and secure wallet system. Since then, Cryptoprocessing continues to monitor their systems and flag suspicious transactions, and aim to continue the record of zero client funds lost to hackers using their platform.
  2. Support 40+ Fiat Currencies – Receive cryptos and wish to convert to a fiat? Sure! But how about a fiat of your choice? Likely! Most major currencies such as USD, EUR, GBP, CNY and even RUB are supported in Cryptoprocessing. Other popular supported APAC currencies include AUD, NZD, IDR, INR, and MYR. Unfortunately, no SGD since Cryptoprocessing isn’t MAS-approved (Monetary Authority of Singapore) at the moment!
  3. Built-In Wallet – For sending and receiving 31 crypto- and 6 fiat currencies. You can’t store NFTs in Cryptoprocessing but there is a built-in exchange for conversion before settlement that you can set for auto-payouts. Now, that’s convenient!

Pricing

  • Transaction Fee: Varies by Deposit, Withdrawal & Exchange (Exact Unknown)
  • Withdraw to Fiat: Unknown
  • Other Fees: N.A

7. Crypto.com

Best Cryptocurrency Payment Gateway: Crypto.com

Year Founded: 2016

Country: Singapore

Userbase: Est. 50-100k

Essentials

Use Factor

  1. Recurring Payment – Yes, a cryptocurrency payment gateway that allows you to collect recurring payment. So would it be for annual membership renewal, SaaS subscription, or even interest-free purchase? Whatever it is, you have the choice to do so, with the crypto payment received and stored, or converted to another crypto or fiat. The only requirement here being that the customer need to be a user of the Crypto.com app.
  2. Refund Possible – See, most gateways don’t allow chargeback because there isn’t a need to. Likewise for Crypto.com, except that there is a proper refund procedure in place instead of just sending the payment back to reverse the transaction. Users will just need to issue refund with a click for their customers to claim the refund. Yes, gas fee applies.
  3. No Transaction Fees – No transaction fees of any at all except for withdrawal to fiat. How good is that! Its super savings equivalent to about 1% (as chargeable from most gateways). So, the most transactions you have, the more you’re going to save, and the more Crypto.com is your ideal! Time to work out your math!

Pricing

  • Transaction Fee: Nil
  • Withdraw to Fiat: 0.5%
  • Other Fees: N.A

8. GoUrl

Best Cryptocurrency Payment Gateway: GoUrl

Year Founded: 2014

Country: Dominica

Userbase: 18k+

Essentials

Use Factor

  1. Open Source – Fully transparent and auditable by the public! That’s what GoUrl is! Nonetheless, that doesn’t mean GoUrl isn’t safe. In fact, it is safer because the public can audit the source code for any hidden and malicious codes. Of course, the public cannot see details of transactions or settings of the platform as these are not considered ‘source’. Another advantage is that public developers can contribute to this open-source project to improve it and potentially making GoUrl the best cryptocurrency payment gateway. Thus, choosing GoUrl is like a long-term investment with the view to get better returns over time.
  2. 0% Fees for Speedcoin – Speedcoin is another open-source project, only this time, a cryptocurrency. It is also based on P2P and built to be the lite version of Bitcoin. For whatever reason you’re wish to receive Speedcoin, which isn’t supported by many other gateways anyway, GoUrl is your answer. Yes, no transaction fees at all for receiving this crypto.
  3. Payment Statistics – First of all, you get full payment statistic with using GoUrl that include the coin and amount received, payouts, outstanding and so forth. What’s better is that you are able to validate any transaction with the payment data via any blockchain explorer. Useful to see through transactions that enables your business!

Pricing

  • Transaction Fee: 0%, 1.5%, or 3.5%
  • Withdraw to Fiat: N.A
  • Other Fees: No

9. NOWPayments

Best Cryptocurrency Payment Gateway: NOWPayments

Year Founded: 2019

Country: Seychelles

Userbase: Est. 5-10k

Essentials

  • Supported Cryptocurrencies: 100+
  • Integrable Platforms: 9 incl Zen Cart & Shopware
  • Invoicing: Yes
  • Convert to Fiat: Yes
  • Convert to Other Crypto: Yes
  • Pay Direct to Wallet (No KYC): Yes
  • Mobile App: No

Use Factor

  1. Setup Bulk Payments – What we like so much about NOWPayments is its capability to send bulk payments. Now you can send rebates, affiliate commissions, and even employee payrolls with crypto all in one-shot! Above all, its easy to set up and totally no-code. Just ensure you have the required amount in your account, set the wallet address and payout amount, and viola! According to NOWPayments, there isn’t a limit, although bandwidth will likely be the stumbling block. Nonetheless, NOWPayments is your answer if you ever need mass payouts. 
  2. Enable Donation – Next, if you’re operating some free stuffs on your website, that include all forms of user-generated content, knowledgebase, forum and all, you can always ask for donation from your users. NOWPayments comes ready with donation tools that can be easily embedded into your website with a short snippet. These can take the form of a widget, buttons, or even URL links. Whichever you choose, it’s a good way to show your interest in being a part of the cryptocurrency community (like us too!) by starting to accept it.
  3. Low Operating Fees – This cryptocurrency payment gateway’s fee is truly competitive. Starting at only 0.05% for up to 49 transactions, and going to 0.04% for up to 200 transactions. Any more than that and you can opt for the custom pricing via contacting customer support. Other prominent fees include withdrawal to fiat and crypto-to-crypto exchange at only 0.05%. Don’t forget, that NOWPayments supports over 100+ cryptocurrencies (superb!) and fiat withdrawal is to EUR only via SEPA bank account.

Pricing

  • Transaction Fee: Subject to Volume fr Min. 0.5%
  • Withdraw to Fiat: 0.5%
  • Other Fees: Crypto-Crypto Exchange Fees @ 0.5% & Fiat-Crypto @ 4%

Final Comments

All gateways are really pretty decent with competitive transaction fees and offerings. However, not all of them offers a wallet or are capable of spending the cryptocurrencies received right-away. Moreover, not all of them are able to withdraw or even convert to fiat directly without connecting to a crypto exchange (e.g. Gemini, Coinbase, Crypto.com). Even if fiat conversion and withdrawal are possible, would it be in a currency of your choice? Review these deeper on your own as information are continually changing. In short, think through the whole process from accepting cryptocurrencies in your business to using it, and then withdrawing it.

FINAL ADVICE: Are there any other payment gateways not in this list worth using? Depends! Just be careful of 1) hidden and transparent fees, 2) ‘Too Good to be Truth’ Claims!

Any questions? Shoot us a comment below.

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