Cryptocurrencies have exploded in popularity over the last few years. As more people invest in and use cryptocurrencies like Bitcoin, Ethereum and other altcoins, there is increasing demand for ways to spend them. That’s where crypto payment gateways come in – they allow merchants to easily accept cryptocurrency payments from customers.
This article will explore the 10 best crypto payment gateways available in 2024.
Whether you’re a business owner looking to keep up with the latest payment trends or an individual crypto investor seeking places where you can spend your coins, you’ll discover the leading solutions.
What are Crypto Payment Gateways?
Think of them sort of like PayPal but for cryptocurrency.
You know how when you go to check out at an online store, you might see PayPal as one of the payment options alongside credit cards. Well, a crypto payment gateway serves the same purpose, but instead of paying with traditional currency through PayPal, you can pay with cryptocurrency like Bitcoin or Ether.
Behind the scenes, these gateways take your crypto and facilitate the transaction to get your cryptocurrency over to whomever you’re paying to. This makes paying with crypto hassle-free compared to more complex peer-to-peer crypto transactions.
Top 10 crypto payment gateways
- CoinsPaid
CoinsPaid is an ideal crypto payment gateways for merchants processing large volumes of transactions. Awarded for best service supplier of 2023 by the EGR B2B Awards, the payment gateway company supports over 20 top cryptocurrencies and over 40 fiat local currencies such as USD, EUR and others.
Business owners selling high-ticket items benefit from CoinsPaid’s reliability and scalability as well as its 60-second fast transaction speed.
Beyond sheer volume capabilities, CoinsPaid stands out for its top-tier security, including support for multi-sig wallets, configurable whitelists, and systematic vault audits. It also offers useful analytics for sales data and features like prepaid cards, mobile apps, plugins for multiple platforms, and easy fiat conversions.
- Coinbase Commerce
For merchants just getting started accepting cryptocurrency, Coinbase Commerce provides an intuitive interface optimized for user-friendliness. It has simple pricing, supports popular coins like Bitcoin, Ethereum, Litecoin, and USD Coin with more options coming, and directly integrates with Coinbase accounts many crypto enthusiasts already use.
Because Coinbase handles all complex cryptography and transaction details behind the scenes, there is a very shallow learning curve for merchants to integrate and start leveraging Coinbase Commerce.
Its checkout flows will also feel familiar to those accustomed to traditional online payments. While more advanced users may want additional capabilities, Coinbase Commerce excels at introducing beginners to the world of crypto payments.
- PayPal
Boasting over 350 million active user accounts globally, PayPal needs no introduction as one of the largest online payment processors in existence.
In 2020, PayPal began supporting major cryptocurrencies – meaning account holders can seamlessly buy, sell, hold and checkout with crypto through an intuitive, mainstream interface.
For personal crypto enthusiasts rather than large merchants, PayPal delivers straightforward functionality for everyday crypto payments integrated with users’ existing finances. Support includes Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
By managing the custody and security complexities in the background, PayPal also offers peace of mind for beginners just exploring cryptocurrency. Drawbacks compared to specialist crypto payment providers include higher fees and limited coin support. But for personal, small-scale crypto payments, PayPal provides adequate crypto payment gateways solution.
- BitPay
As one of the longest-running crypto payment services starting in 2011, BitPay offers the capability to accept payments from customers using 200+ currencies that are then settled in Bitcoin, stablecoins like USDC or fractional satoshis on the Bitcoin Lightning Network. BitPay also has partnerships enabling it to settle payments directly into bank accounts in 38 different currencies.
This makes BitPay uniquely flexible for businesses with global customer bases. Other advantages include scaled enterprise-grade infrastructure, PCI compliance for processing card payments too, detailed technical documentation for developers, support for 8 major cryptocurrencies, and a customizable white-label interface.
While BitPay’s pricing model scales up for larger merchants processing over $5 million annually, it remains competitive for handling worldwide, cross-border transactions in a wide variety of currencies.
- NOWPayments
For merchants wanting a highly customizable, white-label capable crypto payment gateways tailored to specific business needs, NOWPayments delivers the most flexibility. It offers an API-first infrastructure with support for over 100 cryptocurrencies, the option for full rebranding, and merchant dashboard functionalities focused on data analytics.
NOWPayments also has attractive pricing terms with no monthly fees, zero chargebacks, cheap multi-currency support, and discounts for directing payment volume through the platform. For enterprises and large-scale merchants wanting payment systems that can mold to unique requirements or business niches few others in the crypto payments space support well, the high adaptability and API access from NOWPayments is ideal.
- Confirmo
When merchants need crypto payments converted and available as cash quickly rather than at predefined intervals, Confirmo is unmatched for fast settlement speeds. Pay-outs for confirmed payments begin in as little as 30 minutes, happening incrementally in real-time straight to a linked bank account or debit card.
Confirmo also stands out for eliminating price volatility risks, guaranteeing all supported cryptocurrency transactions are settled in USD for U.S. merchants or currency equivalent for international users. This means no exposure to crypto market swings. Fees are competitive in the 1% range with personalized pricing available, and Confirmo has an API-first infrastructure where developers can build custom payment solutions.
While the cryptocurrencies accepted are currently more limited compared to some competitors, Confirmo wins when instant fiat conversion with quick pay-out times is top priority. The uniquely rapid settlement offered edges out nearly every other major crypto payment gateway presently available.
- CoinPayments
In terms of sheer payment processing capability combining extensive multicoin support, robust security, and advanced features for merchants both small and enterprise-level, CoinPayments tops the list.
With an industry-leading selection of over 2000 cryptocurrencies available, robust infrastructure scaling to over $5 billion annually across 78 countries currently, and integrations with the world’s largest cryptocurrency exchanges, CoinPayments packs a massive suite of tools meeting nearly any crypto payment need.
From shopping cart plugins, invoice builders, POS functionality and mobile apps for merchants to transparent fee structures, global compliance adherence, and multi-sig wallet security for assets and payments in cold storage, using CoinPayments often removes limitations other processors place around blockchain or altcoin asset usage.
For extensive cryptocurrency utility from a single gateway solution minus the compromises on supported features, CoinPayments is easily best overall.
- Coingate
Providing exceptional customer service alongside crypto payment processing capabilities for over 6 years, Coingate prioritizes merchant satisfaction and support above all else. Their team is easily reached 24/7 via live chat, email, or phone to help resolve any issues promptly.
They also maintain extensive documentation and tutorials allowing merchants to self-serve answers for common questions.
For those wanting additional reassurance, Coingate’s free test environment mirrors the full integration experience so merchants can trial the service with no disruption to live payments.
While Coingate supports only 15 major cryptos plus stablecoins compared to the 2,000+ offered by the likes of CoinPayments, its competitive 1% flat pricing and dedication to addressing customer needs through thick and thin makes it a proven choice for merchants prioritizing reliability, responsiveness, and clear communication when selecting a crypto payment gateway.
- B2BinPay
Tailored specifically for large enterprises, B2BinPay meets the elaborate cryptocurrency payment requirements of fintech operators, brokers, exchanges, investment firms and other institutional clients.
Custom pricing, VIP account management, high liquidity, and support for bank-to-bank transactions up to $1 million distinguish B2BinPay’s premium service standards.
Their network bridges together over 30 cryptocurrency and 45 fiat currency exchange partners to enable high-volume transactions other processors cannot fulfill. Companies can also readily integrate B2BinPay with proprietary trading platforms and payment systems through their Developer API.
Read also: FCF Pay To Integrate Pi Coin on its Crypto Payment Platform
- Crypto.com Pay
This is one of the crypto payment gateways that has no monthly fees, no set up costs, and 0% transaction fees for customers paying in the platform’s native CRO token, Crypto.com Pay facilitates crypto spending for consumers and merchants at rates unmatched by competitors. Merchants pay only 0.60%-1.2% per CRO transaction depending on volume tiers.
Beyond exceptionally cheap payment acceptance using the Crypto.com Chain, the platform also recently integrated Ethereum (ETH) and stable coins support with combined fees still below 2%. Such low overhead makes feasible high frequency, small crypto payments other processors charging 2%+ could prohibit.
Crypto.com Pay also ensures merchants need not directly handle crypto themselves. They settle payments in USD, EUR and various currencies. While the payment gateway currently facilitates smaller transaction volumes than big players like CoinPayments, economically priced payment acceptance with settlements through bank transfer or PayPal pool the benefits for micro merchants.
Also Read: Top 10 Innovative Blockchain and Crypto Business Ideas for 2024
Conclusion
As cryptocurrencies continue gaining mainstream traction, more merchants are eager to accept direct crypto payments from customers. Luckily, with the rise of dedicated crypto payment gateways, accepting Bitcoin or altcoins can be as easy as integrating any traditional online payment processor.
The top 10 platforms we covered each bring unique strengths serving different business models, industries, customer bases, and budgetary needs. From versatile tools for micro-merchants like Crypto.com Pay to robust systems for high-risk global enterprises via B2BinPay, there are leading crypto payment gateways fit for every business type.
By removing barriers and expanding critical infrastructure supporting real-world cryptocurrency spendability, these pioneers constitute the fundamental layers empowering blockchain’s disruptive role in revolutionizing payments.
As the crypto economy matures and more consumers seek avenues leveraging their coins for purchases, we can expect the merchant adoption trajectory to grow exponentially – especially aided by accessible fiat conversion functionalities the best gateways provide.
