10 Best Crypto Payment Providers in 2024

The year 2024 marks a pivotal moment for cryptocurrencies. With major institutions poised to enter the market and the fourth Bitcoin halving now behind us — resulting in a reduced supply of newly mined Bitcoins — there’s an anticipated increase in demand that could elevate prices. All of it signals a renewed interest in digital assets among investors and the general public.

Therefore, for business owners, integrating crypto payments becomes essential to stay ahead in meeting customer demands and leveraging new technologies.

That’s why you need a crypto payment provider to connect yourself to the world of digital assets. But which options are worth looking at in 2024? In this article, we’ll look at top crypto payment providers and decide which is worth your time.

Key Takeaways

• There are multiple cryptocurrency payment providers available on the market. Each provider offers unique features and services. 
• Some providers support smaller crypto assets, broadening the options for both businesses and consumers. 
• Most crypto payment providers offer advanced technology solutions in addition to crypto payment gateways, such as wallets or exchange platforms.
• When choosing a cryptocurrency payment provider, consider the security measures implemented by the provider, the diversity of integration options, the quality of customer assistance, and their fees and prices.

1. BitPay

BitPay is a leading cryptocurrency payment processing solution that was founded in 2011. The company offers a range of services for businesses, allowing them to manage and settle invoices in crypto and fiat money easily. With BitPay, businesses can accept payments in 100+ virtual currencies, including popular coins and tokens such as BTC, BCH, ETH, LTC, DOGE, and SHIB.

BitPay’s payment processing solutions are not limited to specific wallets or channels. The company supports over 90 crypto wallets and constantly adds more as the industry grows. The solution allows businesses to reach a wider customer base, with BitPay’s services available in over 229 countries and territories globally.

One of BitPay’s most appealing aspects is its low fees. Businesses pay a flat 1% fee for using the service, with no setup fees or monthly minimums. Additionally, BitPay offers a user-friendly mobile app that allows users to easily manage their crypto assets, make online purchases, and swap between different currencies on the go.

2. B2BinPay

B2BinPay, founded in 2014, is another top crypto payment processor that offers a range of services for businesses and investors. This cryptocurrency payment provider supports hundreds of digital assets, including BTC, BCH, USDT, and XRP. However, what sets B2BinPay apart is its unique merging of merchant and enterprise accounts, offering a single account that provides access to the functionalities of both crypto wallet types.

B2BinPay also offers advanced technology solutions for Forex brokers, e-commerce businesses, and cryptocurrency exchange platforms, including a payment gateway, wallets, and integration options allowing safe and speedy transactions. The platform’s flexible cost structure also makes it an attractive option for businesses, with fees starting at just 0.35% for processing transactions.

Furthermore, B2BinPay is fully compliant with major regulatory frameworks, having secured seven global licenses throughout its operational lifespan, ensuring the safety and legality of all transactions made through the platform. With a growing network of sponsors and partners, B2BinPay is quickly becoming one of the best crypto payment gateways for exchanges and the e-commerce sector.

3. Coinbase Commerce

Coinbase Commerce is another popular payment processing solution designed for all types of businesses, institutional investors, e-commerce websites, and crypto exchange platforms. The gateway boasts an easy onboarding process, allowing businesses to quickly launch their services with a broad range of integration capabilities.

With Coinbase Commerce, merchants can receive payments in multiple coins and altcoins such as BTC, BCH, ETH, and more. The platform also offers deep liquidity options through its network of liquidity pools, tier-1 banks, and multinational financial corporations, making it a reliable crypto liquidity provider as well.

Additionally, Coinbase Commerce provides top-notch security features and transparency, thanks to its connection with Coinbase exchange and support for multiple blockchains, including Ethereum and Polygon, which allows exchanges, DeFi projects, and brokers to connect and launch their services on the platform seamlessly. Merchants using Coinbase Commerce also have full control over their funds, with customizable options for managing transactions in a secure and personalized manner.

4. Coingate

This crypto payment processing company was founded in 2014 and has quickly become a go-to solution for businesses looking to accept virtual currency payments. Coingate offers its services in over 170 countries, making it accessible to businesses worldwide.

Coingate’s solution stands out for its various integration options, including payment buttons, web PoS applications, API integration, and official plugins for popular e-commerce platforms. These tools enable businesses to easily set up cryptocurrency payments on their websites or in physical stores. 

In addition to its payment processing services, Coingate also offers a platform for buying and selling various crypto assets with a single payment. Customers can choose from multiple purchasing methods, such as credit/debit cards, SEPA bank transfers, or mobile balances. The platform supports over 70 virtual currencies, making it a convenient and versatile option for businesses and customers alike.

5. CoinPayments

CoinPayments was founded in 2013 and has quickly become one of the most popular cryptocurrency payment processing solutions. With over three million user accounts and merchants across 200+ countries, CoinPayments is a comprehensive platform that supports over 1860+ altcoins in addition to Bitcoin.

This provider offers a range of payment services, including easy-to-use plugins, APIs, and POS interfaces. CoinPayments’ global cryptocurrency payment gateway is accessible for both businesses and individual users, allowing for easy online payments and asset conversions without the need to transfer funds to exchanges. 

With a low transaction fee of only 0.5%, CoinPayments provides an affordable option for businesses looking to accept cryptocurrency payments

6. CoinsBank

CoinsBank is an all-in-one crypto gateway offering wallet, exchange, merchant, and corporate accounts. Founded relatively recently in 2016, CoinsBank has quickly established itself as a trusted provider within the industry. The company operates under regulation from the International Financial Services Commission of Belize and FinCEN Belize, ensuring high-security standards for its services.

CoinsBank offers its clients a multi-currency wallet that supports major fiat currencies and a variety of cryptocurrencies. It boasts unlimited free fund transfers between CoinsBank users, making it a convenient option for individuals and businesses alike. 

The exchange platform is also user-friendly, making it accessible to both novice and experienced traders. Detailed transaction reports are available for transparency, further enhancing trust in the company’s services.

In addition to its wallet and exchange services, CoinsBank also provides merchant accounts for online businesses and a range of corporate services. Users can manage their accounts and transactions through the mobile app, which offers features such as card management and currency conversion. With its high-security standards and diverse range of services, CoinsBank is a strong contender in the crypto payment processing industry. 

7. ALFAcoins

Founded in 2013, ALFAcoins is a modern and multifunctional payment processing system for businesses and fundraising donations. It allows merchants worldwide to easily accept and send payments in popular virtual currencies like BTC, BCH, LTC, ETH, DASH, and XRP.

The platform offers advanced security measures with cold storage and 2FA, ensuring the safety of users’ digital assets. With a user-friendly interface and multiple integration options such as API, payment buttons, and shopping cart plugins, ALFAcoins makes it easy for businesses to start accepting crypto. 

Additionally, its real-time rate calculation provides convenience for both merchants and buyers, while its low 0.99% fee and fixed exchange rate for 15 minutes further add to its appeal. Overall, ALFAcoins is a reliable and efficient payment solution that caters to the growing needs of businesses in the digital age. 

8. NOWPayments

NOWPayments is a non-custodial altcoin and Bitcoin payment gateway that allows merchants to accept over 50 different cryptocurrencies. Founded in 2019, NOWPayments offers a range of flexible solutions for businesses, including automatic exchange powered by its own cryptocurrency exchange service, ChangeNOW.

User-friendly interfaces and easy integration options are some of NOWPayments’s standout features. Businesses can easily add cryptocurrency payment options to their online stores or websites using plugins for popular e-commerce providers such as Magento, WooCommerce, and OpenCart. Additionally, NOWPayments offers donation widgets and buttons for fundraisers and charitable causes, making accepting crypto donations as easy as possible.

9. SpicePay

SpicePay is a unique payment platform that is specially designed for merchants, businesses, and individuals looking to transact using cryptocurrencies. Since its founding in 2009, SpicePay has been providing reliable and affordable services to businesses around the world. The platform boasts an intuitive interface that allows users to easily integrate blockchain payment functionality into their website with just a few clicks.

SpicePay’s services are not limited to just one or two cryptocurrencies. The platform supports a wide range of virtual currencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, making it easy for businesses to cater to a diverse customer base. Additionally, SpicePay offers various withdrawal options, including wire transfer, SEPA, and PayPal, allowing users to convert their digital assets into fiat money easily.

One of the most significant advantages of using SpicePay is its focus on security. The platform uses BitGo technology to ensure that all transactions are safe and secure. Users can also benefit from instant payments without worrying about fraud or chargebacks. Furthermore, SpicePay also offers tools for online retail, billing, and donations, making it a comprehensive payment solution for businesses. 

10. Payid19

Payid19 is a relatively new player in the crypto payment processing industry, having been established in 2020. However, the company can already boast a strong track record, having successfully handled thousands of transactions and gained customers’ trust worldwide. 

Payid19 offers a user-friendly blockchain payment gateway that allows businesses to easily accept crypto payments with support for popular currencies such as Bitcoin, Ethereum, BNB, TRX, and USDT.

Payid19 caters to the needs of startups and small entrepreneurs, offering waived KYC requirements for businesses dealing in smaller transactions or trustworthy products, which helps to streamline the onboarding process and make it easier for businesses to start accepting crypto payments.

Payid19’s high-yield referral program sets it apart from its competitors. Businesses and individuals who integrate Payid19 into their software applications can earn a 50% shared commission on successful transactions made through the platform, which can significantly help boost their revenue. Payid19 offers a transparent cost structure with no hidden charges, making it an attractive option for those looking to embrace the world of cryptocurrency payments.

How to Partner with the Right Cryptocurrency Payment Provider

Here are several crucial elements to keep in mind as you assess crypto potential providers:

Security and Credibility

Security must be the bedrock when dealing with digital currencies. Search for a provider that implements strong security measures, like encryption and multi-factor authentication, to defend your cryptocurrency transactions and consumer data. Equally essential is the provider’s standing and performance in the field.

Simplicity in Usage

An intuitively designed interface is vital for a seamless payment process. Look out for providers who furnish simple-to-operate tools, thorough user assistance, and useful resources to help both businesses and consumers pave their way through the cryptocurrency payment ecosystem.

Versatile Integration

Weigh the diversity of integration possibilities that come with the payment solution. Ideal providers should present plugins, APIs, and other utility tools that can be straightforwardly incorporated into pre-existing e-commerce platforms, websites, or mobile applications, thereby cutting down the necessity for extensive programming work.

Responsive Customer Assistance

Swift and dependable customer assistance is vital when handling cryptocurrency payment solutions. Look out for providers that offer round-the-clock customer assistance in different languages, ideally across various communication channels, including live chat, email, and phone.

Range of Supported Cryptocurrencies

The assortment of supported cryptocurrencies can fluctuate among payment solution providers. Determine which cryptocurrencies are prevalent in your target market and confirm the provider can facilitate these options. Providing a broad spectrum of currencies can invite a more diverse customer audience.

Pricing Models

Evaluate the transaction charges and pricing arrangements of various payment solution providers. While lower charges are generally favored, the overall worth and services offered by each provider is also highly considered. Some companies may include supplemental features and support that rationalize slightly elevated transaction fees.

Closing Thoughts

Integrating crypto payment solutions can provide numerous benefits for businesses, including expanding their customer base, faster transactions, lower fees, and embracing innovation. 

However, consider the challenges and choose a reputable crypto payment solution provider with features and conditions that suit your business needs. Remember to educate yourself and your team on the basics of cryptocurrency, what security measures must be in place to safeguard it, and how to effectively manage crypto payments.

FAQ

How do I incorporate a crypto payment processor?

First, select the best integration option for your business, which could range from APIs to plugins or bespoke solutions. Then, create a crypto payment gateway account with your chosen processor, supplying the required business details and obtaining the necessary credentials.

Next, execute the integration per the vendor’s guidelines, including installing plugins, coding API calls, or customizing the checkout process. Before launching, ensure the integration is thoroughly tested for secure and correct transaction processing.

How to do crypto payment?

To execute a cryptocurrency transaction, open your digital wallet app. Next, select the ‘Send Payment’ function or a similar option. Enter the amount you wish to transfer, followed by the recipient’s QR code or wallet address. Finalize the process by clicking ‘Send’ or equivalent action.

Who takes cryptocurrency as payment?

A wide array of leading companies across various industries globally now accept virtual assets. For example, Microsoft enables customers to purchase its products using cryptocurrencies. Amazon facilitates crypto transactions indirectly through wallet connections. Similarly, Twitch and Tesla accept certain digital currencies directly.

Moreover, major fast-food chains, including Burger King, Subway, and KFC, have adopted cryptocurrency. This trend extends to car dealerships, Best Buy, Ace Jewelers, Jomashop, numerous fashion brands, and home improvement giants such as Home Depot and IKEA. There are many more examples, with more and more companies adopting digital currency as a payment method.