Top 10 Crypto Payment Gateways for 2024: Best Picks for Your Business

In the rapidly evolving world of digital finance, crypto payment gateways are transforming how businesses handle transactions. These innovative platforms enable companies to accept cryptocurrencies as payment, opening up new opportunities in the global marketplace. As more consumers embrace digital currencies, businesses are finding it essential to integrate crypto payment processors into their operations to stay competitive and meet customer demands

This article examines the top 10 crypto payment gateways for 2024, providing valuable insights for businesses looking to incorporate cryptocurrency payments. From industry leaders like NOWPayments and Coingate to specialized solutions such as BitPay and OpenNode, we'll explore the features, benefits, and considerations of each platform. By the end, readers will have a comprehensive understanding of the best crypto payment options available to enhance their business operations and cater to the growing crypto-savvy customer base.

NOWPayments

NOWPayments is a non-custodial cryptocurrency payment gateway that enables businesses to accept crypto payments securely and effortlessly 1. This platform supports a wide array of cryptocurrencies, giving businesses the flexibility to accept payments in their preferred digital currencies 2. NOWPayments serves a diverse range of businesses across different sectors, including travel companies, eCommerce platforms, and web hosting services 3 .

NOWPayments Features

NOWPayments offers a comprehensive suite of features designed to streamline crypto payments for businesses:

Wide Cryptocurrency Support: The platform supports over 75 cryptocurrencies, including Bitcoin, altcoins, and stablecoins 1.

Non-Custodial Service: NOWPayments operates as a non-custodial service, meaning it doesn't store funds or have access to private keys 2.

Multiple Integration Tools: The platform provides 15+ integration tools, including APIs, plugins, and invoices, making it easy for businesses to implement crypto payments 4.

Global Reach: Cryptocurrencies enable businesses to reach a worldwide audience without the limitations of traditional banking systems .

Fast Processing Times: Transactions are processed swiftly, ensuring prompt completion of payments .

Enhanced Security: Blockchain technology secures cryptocurrency transactions, offering robust protection against fraud and unauthorized access.

Subscription Management: NOWPayments supports recurring payments, ideal for subscription-based services .

NOWPayments Pricing

NOWPayments offers competitive pricing with transparent fee structures:

• Transaction Fee: The base transaction fee is 0.5% for payments without currency exchange 3.
• Exchange Fee: An additional 0.5% fee applies when currency exchange is needed .
• Fixed Rate Option: For a total fee of 1%, users can opt for a fixed rate exchange to protect against crypto price volatility 7.
• Mass Payouts: NOWPayments doesn't charge service fees for mass payouts, only the network fee set by the blockchain applies 7.
• Conversion Fees: A 0.5% service fee is charged for conversions within the custody feature 8.

NOWPayments Pros and Cons

Pros:

• Low Fees: NOWPayments offers some of the lowest fees in the crypto payment market .
• Diverse Integration Options: The platform provides various tools for easy integration across different business models 4.
• Global Accessibility: Enables businesses to accept payments from customers worldwide .
• Enhanced Security: Blockchain technology provides robust protection against fraud .
• Subscription Support: Ideal for businesses offering recurring payment services .

Cons:

• Crypto Volatility: While stablecoins are available, cryptocurrency prices can be volatile 1.
• Learning Curve: Some users may need time to understand and implement crypto payment systems 4.
• NOWPayments stands out as a versatile and efficient crypto payment gateway, offering businesses a secure and cost-effective way to embrace digital currency transactions.

Coingate

CoinGate is a versatile cryptocurrency payment gateway that enables businesses to accept payments in over 70 different cryptocurrencies, including Bitcoin, Litecoin, and Ether 1. This platform offers a range of features designed to streamline crypto transactions for both merchants and customers.

Coingate Features

Wide Cryptocurrency Support: CoinGate supports a diverse array of cryptocurrencies, making it easier for shoppers to make purchases with their preferred digital assets 9.

Multiple Integration Options: The platform provides various integration methods, including plugins for popular e-commerce platforms, API integration, and email billing 10 11.

Flexible Payout Options: Users can choose to receive payouts in EUR, USD, or cryptocurrencies, providing flexibility in managing funds .

Real-time Settlements: CoinGate offers real-time settlements in Euros, protecting merchants from cryptocurrency price volatility 1.

Refund Management: Customers can request refunds directly from the invoice, simplifying the refund process 11.

Underpayment Protection: CoinGate includes a feature that allows merchants to automatically accept orders that are accidentally underpaid by up to 10% 12.

Invoice Customization: Merchants can manually set invoice expiration times up to 24 hours 10.

White-label Solution: CoinGate offers a white-label option that allows businesses to customize the payment gateway to match their brand identity 13.

Coingate Pricing

CoinGate maintains a straightforward pricing structure:

• Transaction Fee: The platform charges a flat 1% fee on the amount transacted for paid orders 2 14.
• No Additional Fees: There are no monthly registration or other hidden fees 2.
• Mass Payouts: CoinGate doesn't charge service fees for mass payouts, only the network fee set by the blockchain applies 3.

Coingate Pros and Cons

Pros:

• Extensive Cryptocurrency Support: With over 70 supported cryptocurrencies, CoinGate caters to a wide range of crypto users 1.
• Easy Integration: The platform offers multiple integration options, including plugins for popular e-commerce platforms 10.
• Flexible Payout Options: Users can choose to receive funds in fiat currencies or cryptocurrencies .
• Real-time Settlements: This feature protects merchants from cryptocurrency price volatility 1.
• Global Reach: CoinGate enables businesses to accept payments from customers worldwide 15.

Cons:

• Verification Process: Some users have found the account verification process to be cumbersome and time-consuming 16.
• User Interface: The admin panel has been described as difficult to navigate by some users 17.
• Customer Support: There have been complaints about slow response times for support tickets, especially for complex issues 18.

CoinGate stands out as a comprehensive solution for businesses looking to integrate cryptocurrency payments. Its wide range of supported currencies, flexible payout options, and various integration tools make it a versatile choice for merchants across different sectors.

BitPay

BitPay, founded in 2011 and based in Atlanta, Georgia, is a leading blockchain payment processing company that enables businesses to accept cryptocurrency payments 1. Since its inception, BitPay has facilitated over USD 5.00 billion in transactions, making it a prominent player in the crypto payment industry 12.

BitPay Features

BitPay offers a comprehensive suite of features designed to streamline cryptocurrency transactions for both merchants and customers:

• Wide Cryptocurrency Support: BitPay supports payments in 16 cryptocurrencies, including popular options like Bitcoin, Ethereum, and stablecoins such as USD Coin and Binance USD 2 .
• BitPay Wallet: A non-custodial crypto wallet where users have full control over their private keys and assets 10.
• BitPay Card: A Mastercard-branded card that allows users to spend their crypto like fiat currency, although it's currently only available in the U.S. 11.
• Multi-Wallet Support: Users can link various cryptocurrency wallets within the BitPay app, including Metamask, Trezor, Ledger, and Trust Wallet 8.
• Volatility Protection: BitPay shields businesses from cryptocurrency price fluctuations by allowing them to receive the full charged amount in dollars or euros .
• In-App Cryptocurrency Purchases: Users can buy cryptocurrencies directly within the BitPay Wallet app using credit cards, debit cards, or Apple Pay 2.
• Bill Payment Service: BitPay simplifies bill payments by automatically identifying and organizing bills, connecting them to the user's crypto wallet for easy payment 19.

BitPay Pricing

BitPay has implemented a tiered pricing structure for its crypto acceptance services:

Transaction Fee: Ranges from 1% to 2% based on the customer's cumulative monthly volume, plus a 25¢ fixed fee per transaction 20.

Volume-Based Pricing:

• Less than USD 500,000 monthly: 2% fee
• USD 500,000 - USD 999,999 monthly: 1.5% fee
• USD 1 million or more monthly: 1% fee 20 21
• Card Usage Fees:
• No transaction fees for U.S. payments
• 3% fee for international transactions
• USD 2.50 fee for ATM or cash-back withdrawals
• USD 5.00 dormancy fee after 90 days of inactivity 18 22

BitPay Pros and Cons

Pros:

• Established Reputation: BitPay has been a trusted name in crypto payments since 2011 1.
• Wide Cryptocurrency Support: Accepts 16 different cryptocurrencies .
• Volatility Protection: Shields merchants from cryptocurrency price fluctuations .
• Multiple Integration Options: Offers various tools for easy integration across different business models 23.
• Global Accessibility: Enables businesses to accept payments from customers worldwide 15.

Cons:

• Limited Cryptocurrency Selection: Some popular coins like Tether (USDT) are not supported 24.
• Higher Fees: Transaction fees can be higher compared to some competitors 20.
• Geographical Limitations: The BitPay Card is only available in the U.S. 11.
• Customer Support Issues: Some users have reported slow response times and difficulties with support .
• BitPay stands out as a comprehensive solution for businesses looking to integrate cryptocurrency payments, offering a range of features to streamline transactions and protect against volatility.

OpenNode

OpenNode is a cryptocurrency payment processing platform that enables businesses to accept Bitcoin payments quickly and securely. The company aims to build the future of money through simple, instant, and low-cost Bitcoin payment infrastructure for businesses worldwide 24.

OpenNode Features

OpenNode offers a comprehensive suite of features designed to streamline Bitcoin transactions for merchants:

In-Person Payments: OpenNode supports face-to-face transactions between payers and payees 24.

Payment Gateway Integration: The platform integrates with payment gateways to facilitate online transactions 24.

Mobile Payments: Clients can submit payments via mobile devices 24.

Multi-layered Platform: OpenNode provides a platform comprising mobile applications and websites for processing cryptocurrency transactions 18.

Identity Verification: The service allows businesses to verify customer identities 18.

Lightning Network Support: OpenNode enables instant Bitcoin payments via the Lightning Network 22.

Real-time Exchange Rates: Payment amounts are calculated using up-to-date exchange rates 22.

Native SegWit Support: The platform supports traditional on-chain transactions using new Native SegWit addresses (Bech32) 22.

API and Plugins: OpenNode offers a powerful API and e-commerce plugins for seamless integration 25.

OpenNode Pricing

OpenNode maintains a straightforward pricing structure:

• Processing Fees: Typical processing fees for payments and payouts are 1% 26.
• No Additional Fees: OpenNode does not charge setup, minimum, monthly, or annual fees 26.
• Free Services: Scheduled weekly Bitcoin transfers and instant Lightning Network transfers are free 26.
• On-chain Transfers: On-demand on-chain transfers incur a 1% fee 26.
• Currency Conversion: OpenNode does not charge conversion fees 26.

OpenNode Pros and Cons

Pros:

• Low Processing Fees: OpenNode offers competitive rates for Bitcoin transactions 22.
• Instant Settlement: The platform provides quick settlement times 22.
• Fraud Prevention: OpenNode eliminates chargeback fraud 22.
• Customer Base Expansion: Accepting Bitcoin can broaden a business's customer base 22.
• Free Lightning Network Usage: OpenNode offers free use of the Lightning Network 22.

Cons:

• Limited Cryptocurrency Support: OpenNode focuses primarily on Bitcoin payments 24.
• Identity Verification Requirements: Users must provide identifiable information about themselves and their businesses 27.
• Transaction Fees: Despite being low, OpenNode still takes a percentage of every transaction 27.
• OpenNode stands out as a robust solution for businesses looking to integrate Bitcoin payments, offering a range of features to streamline transactions and expand their customer base.

Plisio

Plisio is a cryptocurrency payment gateway designed to enable businesses to accept digital currency payments securely and efficiently 28. This platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others, providing businesses with a versatile solution for processing digital transactions 28.

Plisio Features

Plisio offers a comprehensive suite of features to streamline cryptocurrency payments:

• Multiple Cryptocurrency Support: Plisio supports 19 cryptocurrencies across 12 blockchains, including popular options like Bitcoin, Ethereum, and stablecoins such as Tether and USD Coin 29.
• Diverse Integration Options: The platform provides 12 integrations for popular e-commerce platforms like BigCommerce, WooCommerce, and Magento, as well as 6 libraries for common programming languages 29.
• Invoicing Solutions: Plisio enables businesses to create and send crypto invoices quickly and easily 29.
• Donation Acceptance: The platform facilitates crypto donations, allowing businesses and non-profits to expand their funding options 29.
• Mass Payouts: Plisio offers a mass payout feature, enabling businesses to pool up to 1000 transactions together, potentially saving up to 80% on fees 30.
• White Label Solution: Businesses can customize the payment interface to match their brand, removing Plisio branding and redirects 30.

Plisio Pricing

• Plisio maintains a straightforward and competitive pricing structure:
• Transaction Fee: Plisio charges a flat fee of 0.5% per transaction 30.
• No Hidden Costs: The platform does not impose any monthly, setup, or hidden fees 30.
• Custom Plans: Plisio offers personalized pricing plans for businesses with higher transaction volumes 30.

Plisio Pros and Cons

Pros:

• Competitive Fees: With a low 0.5% transaction fee, Plisio offers cost-effective payment processing 30.
• Wide Cryptocurrency Support: The platform accepts 19 cryptocurrencies across 12 blockchains, providing flexibility for businesses and customers 29.
• Enhanced Privacy: Plisio does not collect client data, ensuring user privacy 30.
• Scalability: The platform caters to businesses of all sizes, from small startups to large enterprises 31.
• No Chargebacks: Transactions on the blockchain cannot be reversed, eliminating chargeback fraud 30.

Cons:

• Limited Information: There is limited information available about Plisio's refund policies and reserve requirements 31.
• Learning Curve: Some users may need time to understand and implement the cryptocurrency payment system.

Conclusion

Crypto payment gateways are transforming the way businesses handle digital transactions, opening up new opportunities in the global marketplace. The top platforms we've explored, including NOWPayments, Coingate, BitPay, OpenNode, and Plisio, offer a range of features to meet diverse business needs. From wide cryptocurrency support to flexible payout options and enhanced security measures, these gateways provide solutions to streamline crypto payments and protect against volatility.

As the digital currency landscape continues to evolve, businesses that embrace crypto payment solutions stand to gain a competitive edge. By choosing the right gateway, companies can tap into a growing market of crypto-savvy customers, reduce transaction costs, and expand their global reach. To pick the best option, it's crucial to consider factors such as supported cryptocurrencies, integration options, pricing structures, and security features. With the right crypto payment gateway in place, businesses can position themselves at the forefront of the digital finance revolution.