An increasing number of companies worldwide are allowing their customers to make payments using cryptocurrencies, such as stablecoins. With an estimated 420 million cryptocurrency holders around the globe, businesses that embrace digital currencies can tap into new markets and customer segments through a crypto payment platform.
To facilitate crypto payments, most companies collaborate with a payment service provider that can assist in:
- Enhancing your checkout pages to boost conversion rates
- Securing and maintaining competitive cryptocurrency exchange rates
- Offering a wallet for customers to use for payments, eliminating the need for your business to hold crypto assets on its balance sheet
- Converting the cryptocurrency received from customers into fiat currency and depositing it into your account, after deducting any applicable fees.
In this article, we’ll look at 7 popular cryptocurrency payment processors in 2024.
| Transaction fee | Cryptocurrencies | Fiat settlementcurrencies | |
| NOWPayments | 0.5% | 300+ | USD, EUR, and more |
| CoinGate | 1% | 70+ | USD, EUR, GBP, etc. |
| BitPay | 1% | 4+ | USD, EUR |
| Cryptomus | 2% | 15+ | None |
| CoinPayments | 0.5% – 1% | 1,300 | USD, EUR |
| CoinsBank | 0.5% | BTC, ETH, LTC, etc. | USD, EUR, GBP |
| SpicePay | 2% | 4 | USD, EUR |
This is a sponsored article by NOWPayments. NOWPayments is a versatile service that allows everyone to accept crypto payments on their websites, online stores, and social media accounts. It’s a non-custodial service, meaning it doesn’t hold or store your funds in any way. NOWPayments supports more than 300 cryptocurrencies with low transaction fees. Learn more about them here.
What Is A Crypto Payment Gateway?
A crypto payment gateway is a crucial tool for businesses looking to embrace the digital currency revolution. It acts as a payment processor that facilitates crypto transactions, allowing merchants to accept crypto payments alongside traditional fiat currencies.
In 2024, selecting the best crypto payment gateway will be essential for businesses aiming to stay competitive in the evolving market. These gateways enable businesses to integrate crypto payments into their existing payment systems, making it easier to manage crypto assets and convert them to fiat when necessary.
Due to the large number of decent options, we chose the best ones and decided to compare them, so here is the list of top-7 crypto payment gateways:
- NOWPayments
- Cryptomus
- Coingate
- CoinsBank
- SpicePay
- CoinPayments
- BitPay
The best cryptocurrency payment gateways provide a seamless payment processing experience for both merchants and customers. They allow businesses to receive crypto and convert it to fiat efficiently.
Popular e-commerce platforms are increasingly incorporating these solutions, enabling businesses to choose the best crypto payment gateway that fits their needs. As more companies seek to integrate crypto into their operations, understanding the benefits of crypto payment systems becomes vital for success.
NOWPayments
Website: nowpayments.io
Founded: 2019
Headquarters: Amsterdam, Netherlands
Countries Served: Worldwide
KYC: No
Support: 24/7
Number of Cryptocurrencies Supported: Accept payment in crypto for various digital currencies. 300+
Annual Payment Volume: The annual payment volume includes transactions processed through our blockchain payment gateway. N/A
API: Yes, we accept payments in multiple cryptocurrencies.
Crypto POS: Yes
Industries Served: We serve various industries that are eager to accept payment in crypto. iGaming, Sports Betting, Fintech, eCommerce, Trading, Adult, SaaS, Streaming Platforms, Affiliate Networks, Charity, Travel, VPN and Hosting
Main Services: Our main services focus on providing a reliable crypto payment processor. Our main services include a crypto gateway and advanced wallet solutions. Stablecoin settlements, currency conversion, on/off ramps, multi-currency wallets for businesses, wallet-as-a-service for white label solutions.
Regulatory Licences: Yes
API and SDK Documentation: NOWPayments offers comprehensive API documentation with multiple SDKs (JavaScript, Python, PHP) for easy integration. Their API supports features such as auto-crypto-to-fiat conversion, transaction tracking, and customizable checkout options.
Sandbox Environment: NOWPayments provides a sandbox for testing, allowing developers to simulate payments and test features without processing real transactions.
Plugin Support: NOWPayments supports plugins for WooCommerce, Magento, OpenCart, and Shopify, making it adaptable for a wide range of e-commerce platforms. The platform also allows for custom integrations via webhook support for real-time transaction updates.
Pricing:
- Transaction Fee: 0.5%
- Application Fee: None
- Minimum Withdrawal Amount: None specified, though we are looking to expand our capabilities as a crypto payment processor.
Why Choose NOWPayments?
NOWPayments, established in 2019 and headquartered in Amsterdam, Netherlands, stands out as the best cryptocurrency payment gateway on the market due to its extensive features and versatility. It serves clients worldwide, supporting over 300 cryptocurrencies—significantly more than most competitors—which makes it ideal for businesses looking to cater to a wide range of crypto users.
The platform doesn’t require KYC, simplifying onboarding, and provides essential services such as stablecoin settlements, currency conversion, and on/off ramps that allow seamless transactions between crypto and fiat. Additionally, NOWPayments offers wallet-as-a-service for white-label solutions, multi-currency business wallets, and crypto POS systems, making it particularly valuable for industries like iGaming, eCommerce, Fintech, and SaaS.
NOWPayments is a leader in terms of affordability and transparency, offering competitive transaction fees starting at just 0.5% with a non-custodial model, ensuring businesses retain full control over their funds. Its robust API and suite of plugins simplify integration with various e-commerce platforms, making it an efficient and scalable choice for businesses of any size.
Combined with 24/7 support and a commitment to accessibility, NOWPayments truly represents the best choice for businesses looking to integrate cryptocurrency payment options efficiently and securely.
NOWPayments supports an extensive range of over 300 cryptocurrencies and offers automatic crypto-to-fiat conversion. Its low transaction fees starting at 0.5%, combined with non-custodial services and a user-friendly API, make it a flexible choice for businesses. The platform’s robust API and plugins also support seamless integration with various e-commerce platforms.
Cryptomus
Website: cryptomus.com
Founded: 2022
Headquarters: Vancouver, Canada
Countries Served: Worldwide
KYC: Yes
Support: 24/7
Number of Cryptocurrencies Supported: 15
Annual Payment Volume: N/A
API: Yes
Crypto POS: No
Industries Served: eCommerce, Gaming, etc.
Main Services: Payment processing, merchant tools, crypto-to-fiat settlements, multi-currency wallets.
Regulatory Licences: Yes
Developer API Access: Cryptomus provides access to APIs for merchant tools, including transaction history, custom webhooks, and recurring payments.
Integration Flexibility: Cryptomus includes plugins for popular CMS platforms like WordPress, Joomla, and custom APIs for more complex integrations, allowing for tailored solutions for e-commerce sites or custom-built applications.
Pricing:
- Transaction Fee: Varies (typically starts around 2%)
- Application Fee: None
- Minimum Withdrawal Amount: Not Set
Why Choose Cryptomus?
Founded in 2022 and headquartered in Vancouver, Canada, Cryptomus is a relatively new entrant in the crypto payment gateway market. It supports a modest selection of 15 cryptocurrencies and provides essential merchant tools, including crypto-to-fiat settlements and multi-currency wallets, making it a convenient choice for eCommerce and gaming industries.
With 24/7 customer support and regulatory licenses, Cryptomus aims to provide a secure and compliant payment solution. While its transaction fees are generally around 2%, it lacks a set minimum withdrawal amount, offering flexibility for smaller transactions.
Cryptomus is ideal for businesses that need basic crypto payment solutions with crypto-to-fiat settlements. Although it supports fewer cryptocurrencies than NOWPayments, it provides essential tools for merchants to manage payments effectively.
CoinGate
Website: coingate.com
Founded: 2014
Headquarters: Lithuania is emerging as a hub for crypto payment providers.
Countries Served: 100+
KYC: Yes
Support: Limited to business hours
Number of Cryptocurrencies Supported: 70+
Annual Payment Volume: N/A
API: Yes
Crypto POS: Yes
Industries Served: Retail, eCommerce, Service Providers
Main Services: Crypto payments, crypto-to-fiat settlements, gift cards, e-commerce plugins, API solutions.
Regulatory Licences: Not specified, but aim to become a leading crypto payment provider.
Developer Resources: CoinGate offers detailed API documentation, along with libraries for Node.js, Python, and PHP, to simplify integration for developers. They support real-time payment tracking, refund options, and partial payments.
Webhooks: The CoinGate API includes webhook functionality to notify developers of payment events in real-time, essential for managing transaction flows.
POS API: CoinGate’s POS API supports integration with in-store POS systems, which could be beneficial for developers working on omni-channel retail solutions.
Pricing:
- Transaction Fee: 1%
- Application Fee: None
- Minimum Withdrawal Amount: 50 EUR
Why Choose CoinGate?
Established in 2014 and based in Lithuania, CoinGate has developed a strong presence in over 100 countries. This platform supports over 70 cryptocurrencies and offers a 1% transaction fee. CoinGate provides a variety of e-commerce plugins, crypto-to-fiat settlements, and even gift cards, making it popular among retail and eCommerce businesses.
Its extensive API and POS solutions make integration easy for merchants, though support is limited to business hours. With a minimum withdrawal of 50 EUR, CoinGate is suitable for medium to large businesses seeking a versatile payment gateway.
CoinGate offers a well-rounded service with support for over 70 cryptocurrencies and various e-commerce plugins. It provides an intuitive platform with API solutions, making it suitable for businesses focused on retail and e-commerce.
CoinsBank
Website: coinsbank.com
Founded: 2016
Headquarters: Edinburg, United States
Countries Served: 175
KYC: Yes
Support: 24/7
Number of Cryptocurrencies Supported: 4
Annual Payment Volume: Not disclosed
API: Yes
Crypto POS: No
Industries Served: Fintech, eCommerce, Financial Services
Main Services: Wallet services, crypto exchange, prepaid card, and fiat gateways are part of our offerings as a crypto payment platform.
Regulatory Licences: Not specified
API Documentation: CoinsBank offers an API that supports both crypto and fiat payment processing, along with wallet functionalities. It includes multi-user access with role-based permissions, which is helpful for larger teams.
Developer Tools: CoinsBank provides plugins compatible with WooCommerce and Shopify, and an API for custom integrations.
Transaction Security: Developers can leverage CoinsBank’s multi-signature wallet feature to secure transactions and provide extra layers of authentication.
Pricing:
- Transaction Fee: Varies (starting at around 0.5%)
- Application Fee: Not specified
- Minimum Withdrawal Amount: Depends on currency; approx. $50 for USD
Why Choose CoinsBank?
CoinsBank, founded in 2016, offers a more niche solution tailored to the fintech and financial services industries. Although it only supports four cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Ripple), it focuses on fiat gateway solutions and wallet services, along with prepaid cards for added functionality. Headquartered in Edinburgh, USA, CoinsBank serves 175 countries and provides 24/7 customer support. Its services cater to businesses needing robust wallet management and fiat conversions, although its limited crypto options make it less versatile than some competitors.
CoinsBank is known for its wallet services and fiat gateway solutions, making it a viable choice for fintech and financial service industries. However, it supports a limited number of cryptocurrencies compared to other platforms.
SpicePay
Website: spicepay.com
Founded: 2013
Headquarters: Belize
Countries Served: Primarily serves South America, Eastern Europe, and South Asia, but can be used globally.
KYC: Yes
Support: 24/7 customer support available.
Number of Cryptocurrencies Supported: 4
Annual Payment Volume: N/A
API: Yes
Crypto POS: Yes
Industries Served: eCommerce, Retail
Main Services: Bitcoin payment gateway, crypto-to-fiat conversion, direct bank transfers.
Regulatory Licences: Not specified
API and Customizable Checkout: SpicePay’s API allows customization of checkout pages, which is valuable for developers who want to maintain brand consistency. The platform provides customizable buttons and iframes for seamless integration.
Developer Support: Although limited, SpicePay offers email support for developers during the integration process.
Plugin Support: SpicePay provides plugins compatible with Magento and WooCommerce, enabling quick setup for online stores.
Pricing:
- Transaction Fee: Approximately 2% per transaction
- Application Fee: Not specified
- Minimum Withdrawal Amount: Not specified
Why Choose SpicePay?
SpicePay, launched in 2013 and based in Belize, primarily serves South America, Eastern Europe, and South Asia. It supports four main cryptocurrencies, focusing on Bitcoin payment processing with crypto-to-fiat conversion and direct bank transfers.
SpicePay’s simple 2% transaction fee makes it an affordable choice for small to medium-sized e-commerce businesses. With a basic but efficient feature set, SpicePay appeals to businesses that require straightforward cryptocurrency transactions without extensive multi-currency support.
SpicePay focuses on Bitcoin and a few other major cryptocurrencies with a straightforward 1% fee and crypto-to-fiat conversion. It is a solid choice for e-commerce retailers looking for basic crypto payment functionality.
CoinPayments
Website: coinpayments.net
Founded: 2013
Headquarters: Canada
Countries Served: 182+
KYC: Yes
Support: 24/7
Number of Cryptocurrencies Supported: 1340+
Annual Payment Volume: N/A
API: Yes
Crypto POS: Yes
Industries Served: eCommerce, Retail, SaaS
Main Services: Multi-currency wallet, e-commerce plugins, merchant tools, crypto payments, and vaulting services.
Regulatory Licences: Not specified
Comprehensive API and SDKs: CoinPayments provides a robust API with libraries for JavaScript, PHP, and Python, facilitating easy integration. Their API allows for real-time transaction status updates and support for over 1,300 cryptocurrencies.
Payment Button Customization: CoinPayments allows developers to create custom payment buttons, making it easier to integrate with websites and mobile apps.
Testing Environment: CoinPayments includes a sandbox environment, enabling developers to test payment workflows without handling live transactions.
Pricing:
- Transaction Fee: 0.5%
- Application Fee: None
- Minimum Withdrawal Amount: None specified
Why Choose CoinPayments?
CoinPayments is one of the oldest and most comprehensive crypto payment gateways, founded in 2013 in Canada. Supporting over 1,300 cryptocurrencies, it offers an impressive range of features, including multi-currency wallets, e-commerce plugins, and vaulting services.
Its 0.5% transaction fee is competitive, and it supports various industries such as eCommerce, retail, and SaaS. CoinPayments’ extensive cryptocurrency support and advanced merchant tools make it ideal for businesses with diverse crypto needs.
With support for over 100 cryptocurrencies and an established reputation, CoinPayments is a strong competitor. It provides POS solutions, multi-currency wallets, and e-commerce plugins, making it a versatile choice for a range of industries that accept payments in crypto.
BitPay
Website: bitpay.com
Founded: 2011
Headquarters: Atlanta, Georgia, USA
Countries Served: 200+
KYC: Yes
Support: 24/7
Number of Cryptocurrencies Supported: 4
Annual Payment Volume: Not disclosed
API: Yes
Crypto POS: Yes
Industries Served: Retail, eCommerce, Charities, SaaS
Main Services: Cryptocurrency payment processing, Invoice generation, Crypto-to-fiat conversion, Direct bank transfers
Regulatory Licences: Yes
Developer API and Documentation: BitPay’s API is well-documented, supporting features like invoicing, transaction monitoring, refunds, and currency conversion. They provide SDKs for various programming languages, including Java, .NET, and Ruby.
Secure API Calls: BitPay uses secure API tokens for authentication and provides webhooks for tracking transaction events.
Comprehensive Testing Tools: BitPay offers a testing sandbox and additional developer tools to simulate transactions, making it easier to troubleshoot and refine the integration process.
Pricing:
- Transaction Fee: 1%
- Application Fee: None
- Minimum Withdrawal Amount: Not specified
Why Choose BitPay?
Founded in 2011 and based in Atlanta, Georgia, BitPay is a highly trusted payment gateway with a strong reputation in crypto payment processing. Supporting four main cryptocurrencies and operating in over 200 countries, BitPay is favored by large enterprises and charities due to its regulatory licenses and robust crypto-to-fiat conversion capabilities.
The platform charges a 1% transaction fee and offers 24/7 support. With API and POS solutions, BitPay is particularly suitable for businesses looking for a secure and regulated gateway.
BitPay is one of the most established crypto payment gateways, with strong regulatory backing and comprehensive support for crypto-to-fiat conversions. It is well-suited for large businesses and charities seeking reliable and reputable crypto payment solutions.
How NOWPayments cryptocurrency payment gateway works
Let’s try to imagine that you want to fly from Rome to Mexico and are looking for airline tickets that you want to pay with cryptocurrency.
- Go to travala.com
- Choose your flight
- Choose crypto as payment option
- Pay your bill
Enjoy your flight!
Why NOWPayments is different to other cryptocurrency payment gateways
NOWPayments distinguishes itself from other cryptocurrency payment gateways through its user-friendly interface and extensive range of supported cryptocurrencies.
Unlike many competitors, it allows merchants to accept over 300 cryptocurrencies, providing flexibility and catering to a diverse customer base. This broad acceptance facilitates transactions for businesses aiming to attract a global audience.
Another key feature that sets NOWPayments apart is its focus on automation and integration. The platform offers various plugins for popular e-commerce platforms, enabling seamless integration into existing online stores. This ensures that businesses can easily implement cryptocurrency payments without extensive technical knowledge.
Moreover, NOWPayments emphasizes low transaction fees, making it more cost-effective for merchants to process payments. This competitive pricing structure, combined with fast transaction speeds, allows businesses to maximize their profitability while providing customers with a smooth payment experience.
