Are you looking to expand your business by offering more payment options to your customers? If so, you may want to consider Bitcoin payment gateways.
These gateways not only allow merchants to accept transactions in Bitcoin, but also support various other cryptocurrencies, such as Ethereum, Litecoin, Ripple, and Bitcoin Cash.
By providing customers with these options, you can cater to a broader audience and potentially increase sales.
However, with so many Bitcoin payment gateways available, it can be challenging to choose the right one for your business.
That’s why we’ve put together a list of the top 10 Bitcoin payment gateways on the market today.
Our comprehensive list includes gateways that offer fast transaction processing times, low fees, and robust security measures.
We’ve also taken into consideration the ease of integration and user-friendly interfaces, making it easier for you to accept cryptocurrency payments.
Let’s get started.
CoinsPaid is the leading crypto payment processor on the global market that boasts of an impressive track record in the industry. With a monthly crypto volume of over 1 billion euros, CoinsPaid is the largest crypto payment processor in the world in terms of volume processed monthly.
What’s more, they have been operating in the industry for over 9 years, making them one of the most experienced crypto payment processors in the market.
To put their level of experience into perspective, CoinsPaid processes 8% of all on-chain Bitcoin transactions, which is a testament to their robust infrastructure and capabilities.
They have already processed over 34 million transactions for their 800+ merchant client partners, which highlights their commitment to delivering top-notch services to their clients.
With such an impressive track record, CoinsPaid is a reliable and trustworthy partner for businesses that want to accept crypto payments.
Their vast experience in the industry, combined with their advanced infrastructure, makes them a go-to for merchants wanting to seamlessly integrate crypto payments into their existing financial infrastructure.
By partnering with CoinsPaid, businesses can enjoy the benefits of accepting cryptocurrency payments, including lower transaction fees and faster processing times, while also providing their customers with a secure and convenient payment option.
Coinbase is a reputable and reliable Bitcoin exchange that is known for its impressive features and vast user base. As the largest Bitcoin exchange in the United States and one of the biggest cryptocurrency exchanges globally, Coinbase has established itself as a leading platform for buying and selling cryptocurrencies.
One of the reasons for Coinbase’s popularity is its commitment to adhering to U.S. laws on currency exchanges. As a result, the platform is widely regarded as a trustworthy exchange, which is crucial given the lack of regulation in the cryptocurrency market.
In addition to being an exchange, Coinbase also offers a payment gateway, allowing merchants to easily convert Bitcoin into fiat currency without the need to request a withdrawal.
One of the most significant advantages of using Coinbase as a payment gateway is the quick clearing time for payments to reach the merchant’s bank account, typically taking 2 to 3 days.
This makes it an excellent choice for businesses of all sizes, allowing them to streamline their payment processes and provide a convenient payment option for their customers.
However, it’s worth noting that Coinbase operates in a limited number of countries worldwide, which may be a drawback for businesses operating in regions where Coinbase is not available.
With its intuitive interface, merchants can easily use Coingate to manage their payment transactions on-the-go, making it a convenient payment option for businesses of all sizes.
One of the standout features of Coingate is its support for over 40 other cryptocurrencies. By accepting a wide range of cryptocurrencies, merchants can significantly increase the number of payment methods on offer, providing more options for their customers and potentially boosting sales.
In addition to its user-friendly app and support for multiple cryptocurrencies, Coingate also offers a variety of plugins and tools to help merchants integrate crypto payments seamlessly into their websites.
For instance, Coingate allows for the creation of Bitcoin payment buttons on any website, making it easy for businesses to accept Bitcoin payments without any technical expertise.
Despite its advanced features and capabilities, Coingate maintains a simple fee structure, charging a flat 1% fee on all transactions. Typically, transactions take about an hour to complete, which is a relatively fast processing time compared to other payment gateways.
CoinsBank is a reputable bitcoin payment processor that offers a user-friendly platform for mobile users. With free apps for both Android and iOS devices, users can easily manage their bitcoin transactions on the go.
One of the standout features of CoinsBank is its support for a wide range of major fiat currencies, including USD, GBP, and EUR. This allows users to easily convert their fiat currency to bitcoin and vice versa, making it a convenient payment gateway for international transactions.
CoinsBank also offers a one-click instant deposit and withdrawal feature, which is particularly useful for high-volume traders who require fast and efficient processing.
Additionally, the platform allows for free transfers of currency to family and friends, available 24/7. By using live market rates, users can have better control over their money, which is especially beneficial for traders who require up-to-date and accurate information.
The platform also offers top-notch security, including a two-factor authentication system that helps secure user wallets. This advanced security feature ensures peace of mind when it comes to user funds.
Shopify is of course known as the world’s leading ecommerce platform, but they also can help you with Bitcoin payments.
With Shopify, setting up and using its cryptocurrency payment gateway is incredibly easy, as it offers reliable customer service support to help with any inquiries.
One of the standout features of Shopify lies in its robust API enabling seamless integrations with other payment gateways, ensuring that payment processing is as straightforward and transparent as possible.
However, it’s worth noting that to access Shopify’s payment processing facility, merchants must sign up for a Shopify merchant account. Transaction fees vary based on the payment processor selected by the merchant. Despite this drawback, Shopify’s reputation, reliability, and ease of use make it a top choice for the merchants seeking to integrate bitcoin transactions into their business models.
BitPay offers a range of exceptional features that make it a popular choice among merchants. One of its standout features relates to the ability to customize withdrawal transaction speeds according to specific intervals.
This feature is incredibly useful for merchants who prefer or require regular withdrawals. Additionally, BitPay offers two-factor authentication, which adds an extra layer of security to accounts.
Setting up and operating BitPay is straightforward and user-friendly. The platform has been designed to streamline the entire process, making it accessible even to those with limited technical know-how.
What makes BitPay an excellent option for small businesses and startups is that it offers free transactions up to $1,000 per day and $10,000 annually, after which it levies a 1% transaction fee.
Unfortunately, BitPay currently only supports direct bank deposits in 38 countries. If you are based in a country not on this list, you will not be able to use this payment gateway.
AlfaCoins is a top-tier Bitcoin payment processor with a unique feature that sets it apart from its competitors – the ability to split payments between fiat and cryptocurrency.
This is particularly useful for merchants who want to retain a portion of their Bitcoin earnings and benefit from rising prices without risking their entire balance.
Although AlfaCoins charges a slightly lower transaction fee of 0.99% compared to other processors like Coinbase, it does not offer a fee-free amount, unlike Coinbase with their $1,000,000 fee-free limit.
However, there are no additional fees for installing the Alfacoins Bitcoin payment system, and it’s subscription-free as well. Another advantage of AlfaCoins is that it is available in almost all countries, except Iran and North Korea, and allows for the easy withdrawal of funds in USD or Euro.
For those merchants who are looking to try to get the cheapest rate on transaction fees, then BitcoinPay is definitely one of the best bitcoin payment gateways out there. It’s the cheapest payment gateway on this list, trailing only CoinsPaid by 0.8% on all transactions. Even though BitcoinPay has lower fees, it still provides super-fast withdrawals in which funds are received and available in a matter of seconds. It supports payments to bitcoin wallets and other e-wallets along with bank accounts, so is a good option for those merchants who are serious about cryptocurrencies.
As an added bonus, BitcoinPay also offers really clear reports that help merchants review completed transactions easily. Small business owners who have to manually check transactions will undoubtedly appreciate this feature.
Coinremitter is known for being the most cost-effective crypto payment processor on the market due to its minimal transaction and processing fees, which are as low as 0.23%.
It allows merchants to accept various popular cryptocurrencies such as Bitcoin and Ethereum, among others. The platform doesn’t require formalities like KYC or adding a bank account, making it easy for merchants to start accepting crypto payments.
Additionally, Coinremitter offers free plugins and APIs that can easily integrate into websites, allowing for seamless payment acceptance. And perhaps the best part is that Coinremitter also provides free API integration support to its users.
If your business doesn’t have a bank account and you want to accept Bitcoin, GoURL is a great option. It works with major Bitcoin wallets and is even compatible with Bitcoin debit cards, providing a high level of anonymity that many Bitcoin users appreciate.
However, there are some downsides to using GoURL as a payment gateway.
First, it doesn’t support direct bank transfers, which may be frustrating for some businesses. Secondly, the fees are relatively high when compared to other payment gateways on this list.
GoURL charges a 1.5% fee for payments made through a website and 3.5% for using Monetiser Online, which is similar to credit card fees and may not provide cost savings for merchants.
In conclusion, there are several excellent crypto payment processors available to merchants who want to accept cryptocurrencies as a payment method.
When choosing a processor, it is important to consider factors such as transaction fees, ease of use, security features, and supported cryptocurrencies.
Each processor has its own unique strengths and weaknesses, so it is crucial to carefully evaluate each option to determine which one best suits the specific needs and requirements of the business.