Bitpay has been one of the leading cryptocurrency payment processing companies over the past few years. It is integrated into several online platforms that accept Bitcoin and other cryptocurrencies. However, due to the controversies that surround the company and its mode of operation, some merchants might be considering alternatives. In this article, we will look at the various Bitpay alternatives. Thus, giving you a wide array of options when choosing your payment processing gateway.
Alternatives to Bitpay
Blockonomics is a cryptocurrency payment gateway that offers permissionless and direct to wallet services. The company’s policies are aligned with Bitcoin’s philosophy, and they charge just 1% fee for unlimited transactions. Asides Bitcoin, Blockonomics accepts a wide range of other cryptocurrencies thanks to built-in integration with Shapeshift. The company has also adopted SegWit, thus eliminating the high miner fee
Coingate is a durable alternative to Bitpay. This payment processing platform has a fee structure at a 1% transaction fee for numerous transactions. They allow merchants to accept over 50 cryptocurrencies on their platform. CoinGate merchants are also Segwit compatible, enabling them to receive funds fast and with low fees.
Spectrocoin is a cryptocurrency company that offers a wide range of services to crypto users. They have a wallet, a prepaid crypto debit card, crypto trading, and a merchant solution for accepting Bitcoin payments and a few other cryptocurrencies. Their merchant solution provides fiat bank payouts, integrations with some platforms such as Magento, WooCommerce, Prestashop, Opencart, Drupal, WHMCS, VirtueMart, and ZenCart.
CoinPayments offers one of the lowest transaction fees on this list. The payment processing company offers a 0.5% transaction fee to merchants. They allow merchants to accept over a hundred cryptocurrencies, helping them convert these cryptos to fiat currencies. CoinPayments can be integrated into several e-commerce platforms including Shopify, OSCommerce, Magento, and WooCommerce.
Globee is another BitPay alternative that allows merchants to accept a few cryptocurrencies, including Bitcoin, Litecoin, Monero, Bitcoin Cash, Decred, Ethereum, Doge and XRP. They charge either 1% commission or 0% commission and $300 monthly fee and support integration in all eCommerce platforms with CMS software plugins.
CoinsBank offers a lot of services to cryptocurrency users, including buying, selling, and trading cryptos. Merchants can also use their service to accept crypto payments on their eCommerce stores. They pay merchants directly into their bank accounts.
Coinify is a cryptocurrency payment processing platform that is popular within Europe. They offer various cryptocurrency merchant services, including invoicing, local bank payouts, and more. Their transactions are free, though transferring the funds to your account will cost you money.
GoCoin has been known for offering a merchant solution that is simple to set up and easy to access. The company provides a crypto payments API as well for users to code their own checkout. They accept Bitcoin, Litecoin, and Dash payments, with a 1% transaction fee. The solution can be integrated into a wide range of eCommerce platforms and other online stores.
PayBear is a cryptocurrency payment gateway that offers free transactions. However, for merchants that require speedy transactions, they will need to pay for it. Their merchant solution looks natural on the eye and simple to operate. In addition to Bitcoin, they support a lot of cryptocurrencies. Their solution can be integrated into some eCommerce platforms such as Woocommerce, Prestashop and Opencart.
With the cryptocurrency sector experiencing a rise in real-world usage, more crypto payment gateways are launched. Bitpay has been the most popular crypto payment gateway, but we have a lot of alternatives to this company at the moment. The payment gateways mentioned in this article offer some of the best services in the industry.