With the growing popularity of cryptocurrencies, businesses are increasingly looking to integrate crypto payment gateways. Choosing the right crypto processor can be challenging given the numerous options available.

To simplify this task, we’ve compiled a list of the top 10 payment gateways in 2024, each offering unique features and benefits to meet diverse business needs. Uncover insights with KwickBit!

What is a Cryptocurrency Payment Gateway?

A cryptocurrency payment gateway is a digital service that facilitates the processing of payments made in cryptocurrency, such as Bitcoin, Ethereum, or Litecoin. Acting as a bridge between the customer, merchant, and blockchain network, the payment gateway ensures that transactions are secure, quick, and user-friendly.

Why Accept Bitcoin as a Payment Method?

• Anonymity and Security: Bitcoin transactions are anonymous and secure, offering an additional layer of privacy and protection for customers.
• Ease of International Transfers: Bitcoin facilitates quick international payments, reducing the wait time associated with traditional bank transfers.
• No Chargebacks: Bitcoin transactions are immutable, eliminating the risk of chargeback fraud.
• Attract New Customers: Accepting Bitcoin can draw attention from the public and media, potentially increasing your customer base.

The Best Payment Gateways of 2024

KwickBit

KwickBit is a non-custodial payment gateway designed to help eCommerce platforms and websites accept cryptocurrency payments, with a focus on stablecoins like USDT and USDC. As a non-custodial service, KwickBit ensures that merchants retain full control over their private keys, reducing the risk of losing funds associated with custodial services.

Integration and Features:

• Platform Compatibility: KwickBit integrates seamlessly with popular eCommerce platforms such as Shopify, WooCommerce, and SquareSpace. This broad compatibility allows businesses to easily incorporate crypto payments into their existing online stores.
• Automated Invoicing: The platform offers automated invoicing solutions that streamline the payment process for both merchants and customers.
• Tax Tools: KwickBit includes tools for tax declarations, including VAT collection, helping businesses comply with tax regulations effortlessly.

Ideal Use Cases:

• Regions with Unstable Currencies: KwickBit is particularly beneficial for businesses operating in regions with unstable currencies. By accepting stablecoins, businesses can avoid the volatility of local currencies and ensure stable revenue.
• Stablecoin Payments: Companies looking to accept payments in stablecoins can rely on KwickBit for a secure and efficient payment processing solution.

With its focus on security, ease of integration, and robust financial tools, KwickBit is an ideal solution for modern businesses looking to embrace cryptocurrency payments without sacrificing control over their funds.

Coinbase

If you are at least partially familiar with the crypto market, you have likely heard about Coinbase. Coinbase is one of the largest cryptocurrency exchanges, providing a trading platform for hundreds of thousands of crypto enthusiasts around the world.

Coinbase Commerce is a branch of Coinbase responsible for providing a crypto payment gateway to merchants.

Coinbase offers several special features that some may find convenient. For instance, when deploying a crypto payment gateway using Coinbase Commerce, users do not need to set up a separate crypto address for each coin they wish to receive. Coinbase does this automatically, and payments made by customers instantly appear in the merchant’s account. However, the core disadvantage of the platform is that it is custodial. This means that when holding crypto in their Coinbase account, merchants do not fully own their private keys, which entails a risk of losing money.

Additionally, Coinbase’s fees are higher than those offered by other providers like NOWPayments. Each transaction processed by Coinbase costs the merchant 0.5% of the total payment amount. Furthermore, Coinbase only supports 70 cryptocurrencies for merchants to accept as payment.

CoinGate

CoinGate is another notable player in the sphere of payment processors. CoinGate operates similarly to NOWPayments and Coinbase, offering several crypto payment integration solutions relevant for different types of businesses. CoinGate users can utilize tools such as plugins, API, or buttons. However, CoinGate has one of the highest fees on the market, with all transactions processed through these tools subject to a 1% fee, which can be significant for smaller enterprises.

Moreover, to start using CoinGate, merchants must undergo a KYC procedure, which is unacceptable for businesses that want to keep their operations private. CoinGate does not store the crypto of its users like Coinbase. Instead, it makes payouts to external addresses provided by the client in advance. Merchants can choose among more than 70 different altcoins.

Blockonomics

Blockonomics provides simple tools for accepting cryptocurrencies that do not require any technical skills from merchants. The choice of solutions offered by Blockonomics includes plugins, invoices, and an API for custom payment gateways. Blockonomics does not require users to disclose their identity, allowing any company to create a crypto payment gateway without listing every detail about its business and owners.

Blockonomics’ standout feature is its crypto transaction explorer, which lets merchants track all their payments in real-time and monitor processing. It also has a notification system that sends an email each time a new payment is received. However, Blockonomics offers a very limited selection of coins—only Bitcoin, Bitcoin Cash, and Ethereum. This lack of diversity in payment options and high transaction fees may deter some businesses.

CoinPayments

CoinPayments is a widely used crypto payment gateway provider, serving over 100,000 merchants. CoinPayments’ fees start from 0.5%, comparable to Coinbase and NOWPayments. Since its launch in 2013, it has processed over $10 billion in transactions. CoinPayments is a custodial service, allowing merchants to hold more than 2260 different coins in a single wallet.

CoinPayments offers automatic crypto conversion to help merchants avoid volatility, similar to NOWPayments. It is trusted by many well-known brands, including NordVPN and BitGild.

BitPay

BitPay is a leading crypto payment processing service. However, BitPay’s transaction fees are higher, with merchants paying 1% of each payment received. BitPay offers auto conversion, allowing merchants to receive cryptocurrency payments in euros or dollars via direct bank deposit.

BitPay’s solutions are highly mobile and can be deployed on tablets or laptops. Its invoices are available in 40 different languages, facilitating global crypto adoption. BitPay supports over 150 different coins.

Plisio

Plisio is a privacy-focused crypto payment gateway that respects user confidentiality and supports a large number of cryptocurrencies. Merchants using Plisio do not need to disclose private information, and the platform does not keep records of transactions or track payments. Plisio uses 2FA, SSL Technology, and Trusted IPs for security.

Plisio charges a 0.5% transaction processing fee with no registration or setup fees. It offers a multicurrency wallet available on mobile phones and a White-Label option for customizable crypto invoices, though this incurs a 1.5% fee.

OpenNode

OpenNode is an easy-to-navigate solution for merchants that only accept Bitcoin payments. It provides payment buttons, hosted checkouts, eCommerce plugins, and an API. OpenNode supports payment settlement using the Lightning Network for instant transactions but also offers on-chain transactions. OpenNode charges a 1% fee per transaction and allows merchants to track transaction history for accounting purposes.

AlfaCoins

AlfaCoins allows merchants to accept seven basic cryptocurrencies, including Bitcoin, Ethereum, and XRP. It supports invoice payments with exchange rates set for 15 minutes. AlfaCoins offers a modern dashboard for tracking income, revenue, and payments, and provides integration options via API, buttons, or WordPress plugins. However, AlfaCoins charges a $0.99 fee per transaction, which may be considered high for the tools provided.

TripleA

TripleA is a crypto payment gateway provider and a member of the Singapore Fintech Association. It has processed over 20,000 transactions worth more than $12 million and serves over 900 businesses in 60 countries. TripleA offers integration for online stores, mobile devices, and POS machines, along with a digital wallet for managing crypto funds. TripleA’s developer-friendly API and plugins for platforms like Shopify and WooCommerce facilitate easy integration.

Conclusion

So now you’ve reviewed Top 10 Payment Gateways in 2024. KwickBit hopes this article will provide you with more useful information. 

Selecting the right Bitcoin payment gateway can be a daunting task. This list of the best Bitcoin payment gateways in 2024 provides a starting point for businesses to find a solution that fits their specific needs, whether they prioritize low fees, ease of integration, or privacy. Start accepting Bitcoin today and open your business to a global audience.

KwickBit – Non-custodial Payment Gateway

Read more:

• Top Businesses Embracing Dogecoin As Payment
• Simplify Your Life: Paying Bills with Bitcoin
• Is Cryptocurrency a Good Payment Method for Your Business? The Pros and Cons