and the distribution of digital products.
Best Bitcoin Payment Processors
One of the main benefits of accepting Bitcoin payments is that your customers can pay you from anywhere in the world without any hassle.
Today, many companies and solutions enable crypto payments for merchants. We have picked some of the best Bitcoin payment processors for you. Let’s dive in.
Check out the complete list of Crypto payment processors on CoinCodeCap.[optin-monster slug=”rmdmewpmehonijuhs5q2″] Bitpay
Bitpay is one of the oldest Bitcoin payment processors. Started in 2011, Bitpay has processed more than $2.8bn in total bitcoin payments.
Bitpay charges 1% as a payment fee* for all your payments and supports multiple cryptocurrencies other than Bitcoin.
The team also offers Wallet and Crypto card services for individuals.
Bitpay features- Online Payment integration through APIs
- Invoicing
- Email Billing
- Payment Button
- Point of Sale support
- Automatic Bank settlements
- Supports Bitcoin and other Altcoins
- Custodian solution
- Integration with platforms like Shopify, Woo-Commerce, etc.
OpenNode
OpenNode is Bitcoin only payment processor with Lightning network support. Like Bitpay, OpenNode also charges a 1% payment fee* for all your transactions.
OpenNode Features- Lightning Network support
- Online Payment integration through APIs
- Instant Settlement with low transaction fees
- Payment buttons
- Microtransactions support
- Bank settlements and free wallet transfers
- Custodian solution
- No chargeback and .csv file for Bitcoin accounting and tax purpose
- Integration with platforms like Shopify, Opencart, etc.
Coinbase Commerce
Coinbase Commerce is a payment processor by Coinbase, one of the top cryptocurrency exchange. It supports Bitcoin and other altcoins, including their stable coin USDC. One of the best features of Coinbase commerce is that it does not charge any payment fee.
Coinbase Commerce features- Multi-currency support
- No limits on transaction size
- Online Payment integration through APIs
- Customized payment buttons
- Hosted checkout pages
- Custodian solution
- Integration with platforms like Magento, PrestaShop, etc.
BTCPayServer
BTCPayServer is an open-source payment processor that supports the Bitcoin and other altcoins. It is free to use a self-hosted solution, so you don’t need to pay any payment fee.
With BTCPayServer, you are responsible for the custody of your assets. It supports all the features of a payment gateway, and you can modify it based on your needs.
BTCPayServer features- Open source, Self-hosted and Non-custodial
- Bitcoin-only payment processor with Lightning support
- E-commerce plugin support
- Complete privacy, No KYC/AML
- Payment button
- Point of sale support
- Invoicing support
- Quickbook integration
CoinPayments
CoinPayments supports more than 1700 cryptocurrencies and charge 0.5%* as a payment fee for all altcoin payments.It also provides a vault functionality to safeguard your cryptocurrencies and coin-swap for some of the altcoins.
CoinPayments features- E-commerce plugin support
- Invoicing
- Payment buttons and donation buttons
- Online Payment integration through APIs
- Point of Sale support
- Extra security with vault feature
- Custodian solution
- Auto coin swap for some altcoins
CoinGate
Coingate payment gateway supports more than 50 cryptocurrencies and integrates with e-commerce platforms like PrestaShop. It also supports the Lightning network. It charges a 1% payment fee* for all your payments.
CoinGate features- Online Payment integration through APIs
- Bitcoin, altcoin and Lightning network support
- Payment button
- Point of sale support
- Custodian solution
- E-commerce plugins for Magento, Opencart and other platforms
- Bank settlements
NOWPayments
NOWPayments is one of the most efficient contemporary payment getaways, client-oriented, prompt, and secure. Created in 2019, it has already achieved much attention thanks to its services and the high number of currencies to work with. The best part is NOWPayments provides a way to accept payments in a non-custodial way. This puts you in control of all the funds received by your service.
NOWPayments features- Non-Custodial
- Secure API
- Invoices
- Buttons, widgets, and plugins
- Reasonable fees
- Supports over 40 currencies, including Bitcoin
- Integration with Woo-Commerce, etc.
- Fiat to crypto
Wrapping up…
Selecting a payment processor depends on your business needs, If you are looking for more control and privacy go for BTCPayServer. If you are looking for free softwares, check Coinbase Commerce and BTCPayServer.
In a world where people are using the Internet for all types of services, crypto is the future. Merchants all over the world started accepting Bitcoin payments, and with stable coins and Lightning network, this market will only grow.
In conclusion, If you run an online business and have customers all over the world, you should check out one of the above payment solutions.
If you want to learn more about the Crypto ecosystem, sign up for the weekly newsletter.