Top Crypto Payment Processors for Business in 2024

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Businesses around the world are seeking ways to implement digital assets to their existing payment systems infrastructure. Reports indicate almost 60% of the world’s top companies are already using at least one form of cryptocurrency for cross-border payment transactions, and more are soon to follow. Bitcoin remains the leader in the crypto market cap at 39.9% with ETH following a second at 20.3%. Crypto payment processors are playing a key role in this growing crypto adoption by enterprises, helping them leverage multiple opportunities from the $1.1 trillion global crypto economy.

Top Crypto Payment Processors

The following list contains the top performing crypto payment processors for business in 2024.

1. Coinbase

2. Binance Pay

3. PayPal

4. BconGlobal

5. Nebulox

6. Bitpay

7. OpenNode

8. Coingate

9. Shopify

10. Plisio

11. CoinPayments

12. NOWpayments

13. CryptoPay

14. B2Binpay

15. ALFAcoins

16. SpectroCoin

17. Billbitcoins

1. Coinbase

Coinbase is one of the largest global crypto trading platforms and has a huge customer base. The huge pool of resources have helped the exchange develop useful crypto utilities including the aforementioned crypto payment processors. The gateway. Merchant bank accounts receive transactions within a period of 2 to 3 days. However, the payment gateway operates in limited nations. 

Features:

1. 1% Transaction fee post the first $ 1 million worth of transactions
2. Instant conversion of currency from BTC to Fiat
3. API integration with platforms all over the world.
4. Support from legacy service platforms
5. Two packages for subscribers to choose from. 
6. Multi Crypto Support.

2. Binance Pay

Binance Pay is the most renowned crypto payment processor for businesses and Peer to Peer (P2P) payments. The world’s largest crypto exchange platform introduced its  Binance pay beta version in Feb 2021 mainly for p2p payments. This platform supports all major cryptocurrencies Bitcoin, Ethereum, BNB, and many more. Users can instantly transfer funds from their wallet to Binance pay, or withdraw funds from the bank account. Users can shop with crypto, send funds to friends and family globally.

Key Features:

• Contactless, borderless crypto payment processor designed by Binance
• This platform 70+ cryptocurrencies
• NO transaction fees for buy, sell & receive digital assets
• Send crypto instantly to anyone globally
• Fast and the most secure platform
• With a single wallet, users can conveniently access and oversee funds for both Binance Pay and the Binance Visa Card

3. PayPal

PayPal is one of the most trusted global crypto payment payment processors for businesses, individuals and enterprises. Paypal was originally founded by Max Levchin, Peter Thiel, and Luke Nosek in 1998. In 2000 PayPal merged with Elon Musk X.com. This global payment processor supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and the new PayPal stablecoin, PayPal USD (PYUSD). Top digital asset wallets like METAMASK, LEDGER, Phantom, and Magic support Payment processors.

Key Features:

• Most trusted, 25 years in this business.
• Easiest way to make Payment with PayPal USD (PYUSD)
• PayPal supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and the new PayPal stablecoin, PayPal USD (PYUSD).
• PayPal prevents unauthorized cryptocurrency transfers, offering reimbursement up to $50,000 in such cases.

Related: Top Blockchain development Companies in 2023

4. BconGlobal

BconGlobal is a non-custodial сryptocurrency payment gateway that allows you to connect your wallets to your projects and receive payment for goods and services in a P2P format, directly from your users directly to the seller’s wallet. When a payment is made, the customer will see your wallet, which you have connected through the service. The essence of non-custodiality lies in the fact that when a payment is made, the funds go directly to your personal wallets, to which the service does not have access. BconGlobal acts solely as an interface tracking the payment status, providing subsequent notifications of its status, and creating convenient statistics in the service’s personal account.

Key Features:

• No holds (as money goes directly to you).
• Security (your funds won’t be blocked or frozen).
• Easy integration (download the plugin and specify your wallet address). Ready-made plugins for WordPress, Opencart, Shopify (under development).
• No KYC checks or document requests (only email and password for registration).
• Low fees (1% of transaction amount, paid separately).
• BTC and BSC (BEP-20) blockchains. Additional blockchains are currently under development.
• Convenient API for developing your own payment solutions.
• Referral program with 20% commission on service fees.
• Ability to connect almost any wallet, such as blockchain.com, electrum, ledger, trezor, metamask, rabby wallet, exodus, wasabi, and others.
• Convenient statistics in the personal account.
• P2P, Direct payments to the seller’s cryptocurrency wallet.

5. Nebulox

Nebulox is a next-generation crypto payment solution. The Nebulox team is composed of fintech and IT experts from around the globe. This crypto payment processor distinguishes itself from others through its free trail option, lower transaction fees, usability, robust UX/UI, easy integration process, and other key features. The aim behind the payment gateway was to create a one-stop shop for all cryptocurrency payment solutions.

Key Features:

• One-stop solution for all crypto payments
• Zero crypto volatility risk
• 30-day free trial or 20 transactions with no fees
• Lower transaction fees: 0.5%
• Easy API integration
• 24/7 customer support

6. Bitpay

One of the earliest crypto payment processors, Bitpay facilitates business trade enabling merchants to cater their products and services to a global audience. The interactive platform is built on an API base and also features an eCommerce plugin. Bitpay also offers multilingual support, offering assistance in more than 40 languages. 

Features: 

1. Reliable interactive interface
2. Open source eCommerce  plugins
3. Supported by major global businesses including Amazon and MasterCard.
4. State-of-the-art security and fraud prevention. 
5. Both crypto and fiat payout options are available. 
6. Payouts, retail payments, and billing. 
7. QR code invoice 
8. 1% transaction fees.

7. OpenNode

OpenNode is one of the leading bitcoin & crypto payment processor technology providing companies. This company established in 2018 with a mission is to empower and connect the world with bitcoin. With OpenNode, businesses can effortlessly integrate bitcoin payment acceptance and facilitate bitcoin payouts, all while tapping into a vast global user community. Its cutting-edge technology empowers your business to stay at the forefront of innovation. They have a team of global engineers and crypto experts who consistently put in the effort to ensure exceptional service. 

Key Features:

• Supports Bitcoin and all major cryptocurrencies
• Over 14,000 registered users globally
• The average Lightning Network transaction value has increased by 3.5 times compared to 2020
• Lightning Network payment volume has increased by 10 times
• Developer-friendly Bitcoin payment processing
• Easy-to-use APIs and applications with just 10 lines of code
• Plug-and-play integration that can be set up within minutes
• Seamlessly integrate bitcoin pay-ins and payouts into your payment software
• Connect OpenNode to your eCommerce platform
• Conduct face-to-face transactions from any bitcoin wallet on any mobile device

8. Coingate

Coingate features a hassle-free UI that enables merchants to initiate and monitor payments directly from their phones. It supports more than 40 cryptocurrencies, empowering merchants with the ability to leverage the best business opportunities through payment methods in the Coingate gateway. 

Features:

1. Intuitive UI/UX Design
2. Compatible with Multiple Devices and Platforms including iOS and Android.
3. Bitcoin Payment Button Creator
4. Transactions completed within an hour
5. 1% transaction fee. 
6. Multiple plugin options for easy business operations
7. Multi crypto and Fiat Support.

9. Shopify

A major player in the eCommerce segment, Shopify is also well-known in the crypto payment processor segment. The application is used by countless business merchants across the globe. Shopify offers reliable customer service support and assistance and is loaded with features that offer an exquisite shopping experience.

Features:

1. Multi API integration features
2. Variable Transaction fees depending upon preference
3. Payment gateways that help make payment 
4. Transparent process.
5. Merchants need to sign up for a Shopify Merchant A/C for accessing the crypto payment gateway.

10. Plisio

Plisio is a fast, convenient, and secure crypto payment processor for businesses. This payment processing platform offers seamless integration with simple code and an easy setup process. Plisio supports over 160 global cryptocurrencies, and their dedicated support team is available 24/7 to assist users.

Key Features:

• Signup in 2 clicks, setup in two minutes
• Easy setup and not complex code
• No proof of identity required, they don’t keep transaction details
• Mass payout, savings up to 80%
• No hidden fees, they charge only 0.5%
• 24/7 technical support

11. NOWPayments

Founded in 2019 by the team behind ChangeNOW, a cryptocurrency exchange service, NOWPayments is a non-custodial service that allows everyone to accept crypto payments on their websites, online stores, and social media accounts. The mission of NOWPayments is to provide an easy-to-use crypto payment gateway that can be easily integrated into existing websites for businesses of any type.

The company offers a simple integration process, with the only step being to copy a chunk of HTML code. NOWPayments supports more than 50 cryptocurrencies and offers low transaction fees. Transactions are tied to your NOWPayments account and the API key you use for a specific purpose. The company also provides flexible solutions, such as accepting payments in many different coins or converting all crypto assets you receive into your favorite cryptocurrency.

NOWPayments is a non-custodial service, which means it doesn’t hold or store your funds in any way. Additionally, the automatic exchange is powered by the team’s crypto exchange service, ChangeNOW.

Features:

1. With NOWPayments, users can access a wide selection of over 50 cryptocurrencies.
2. The transaction fees associated with NOWPayments are kept low.
3. NOWPayments offers a straightforward and effortless integration process for users.
4. NOWPayments enables anyone to easily accept cryptocurrency payments on their websites, online stores, and social media platforms.
5. NOWPayments facilitates the acceptance of crypto payments and donations for e-commerce stores, charities, or any other business.

12. CoinPayments

CoinPayments is one of the top crypto payment processors for business and enterprises. This global payment processor accepts over 120 coins including bitcoin and ETH. CoinPayments handled over $10 Billion payments in crypto successfully till today and served 100,000+ merchants globally since 2013.

Features:

1. Founded 2012, London, England
2. Active worldwide in 190+ countries
3. Serving 100,000+ merchants globally
4. Multi-Coin Wallet, supports 2,300+ coins
5. Handled over $10 Billion In crypto payments successfully

13. Cryptopay

Cryptopay started its journey in 2013, since then it gained the trust among crypto users. It became a bridge between digital assets and traditional finance. During the last 10 years the user base reached more than 750,000 and operated in 80+ countries. This UK based platform supports 40+ currencies and their annual transaction volume reached USD 1 billion.

Features:

1. More than 750,000 global users
2. Operated in 80+ countries
3. Supports 40+ currencies
4. Transaction through VISA & Mastercard available
5. Easily deposit, withdraw and exchange crypto

14. B2Binpay

B2Binpay is a Tallinn, Estonia based crypto payment processor backed by B2Broker. This crypto payment platform provides merchant digital wallet, enterprise blockchain wallet as well as swap wallet to fulfill the crypto needs of their users. This multinational company has 430 team members globally, 11 offices across the globe with 7 crypto trading licenses for different regions. 

Features:

1. Low processing fees
2. Real time transactions
3. Downloadable reports
4. Updates security features
5. Ideal for Merchant and enterprises
6. Operated in 11 countries
7. Seven crypto licenses for different regions

15. ALFAcoins

ALFAcoins is one of the top crypto payment processors for businesses & merchants. Founded in 2013 this payment gateway allows users to pay & trade using popular crypto currencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin,  Dash, ERC-20 Tether and XRP. The Seychelles based platform wants to make cryptocurrency payments easy and secure for businesses and enterprises. 

Features:

1. Real time payment settlement
2. Multicurrency wallet
3. Supports all major cryptocurrencies
4. Fast and secure payment
5. Low transaction fees

16. SpectroCoin

SpectroCoin started its journey in 2013 by three young entrepreneurs in Estonia. Now it has more than 1,000,000 clients worldwide. They offer a wide range of solutions, it includes crypto exchange, crypto payment processors, e- wallet, crypto debit card, and crypto loans. This platform is supported by 50+ cryptocurrencies. SpectroCoin also provides dedicated IBAN accounts to easily deposit and withdraw funds from users’ SpectroCoin accounts.

Key Features:

• All in one cryptocurrency solutions
• Service included, crypto exchange, Crypto payment gateway
• Also offers crypto wallet, Bitcoin debit card, crypto loans.
• Trusted by more that 1 million clients
• Offer dedicated IBAN account
• Supports over 50 cryptocurrencies
• Provides 24×7 customer support

17. Billbitcoins

One of the top crypto payment processors, Billbitcoins has been developed by US-based blockchain development company HashCash Consultants. The crypto payment gateway features 3 package options- Free, Business and Enterprise. Billbitcoins also allows free Bitcoin interchange to cash for the first $1 million. Merchants are assured with Identity Theft Protection, which offers source traceability for fraudulent transactions. 

Features:

1. 1% Transaction Fees after the first $1 million.
2. Easy Compatibility 
3. Online Fraud Prevention
4. Merchant Account Interface(MAI) facilitates Payment refunds with a single click. 
5. Report generation, unlimited transactions and personal tech support.
6. API integration with major E-commerce platforms
7. Cutting-edge security features and consistent updates.
8. Compliant with major crypto regulatory frameworks all over the world. 

Conclusion

The global expansion of crypto usage presents a chance for merchants and vendors to not only save on their transaction costs but also attract new customers, even from overseas. Ideally, a perfect processor should empower consumers with multiple digital asset payment options, including QR Code, NFC, and URL for transactions. DeFi and multiple payment gateways have different functions, designed for separate roles. A vendor may decide to accept only Bitcoin transactions, while others may opt for versatility. Others may prefer to boost security features and quicker settlement timings. It is best to note down the requirements, and select the best possible route.

FAQ

What is a Crypto Payment Processor?

A crypto payment processor acts as a payment gateway for digital assets that function in ways similar to conventional payment processors and bank credit cards. The transactions are powered by blockchain technology and facilitate instant processing of digital payments between senders and receivers and exchanging the same amount in fiat denominations. 

A crypto payment processor is a system that helps to conduct a secured online transaction held between parties. It works by collecting payment information from the store owners and sending the amount to the customer’s bank. Once the transaction is successfully conducted, it shares information with both parties. A payment processor is crucial to conduct transactions using cryptocurrencies. 

The dynamic platform for payment procession empowers both vendors and merchants in utilizing digital assets without compromising security. In the case of users, the gateway enables direct payment options from their crypto wallets to another and performs the additional function of fiat conversion. Crypto payment processors also eliminate the leakage of sensitive payer wallet information across the transaction and safeguard the information in the merchant software. 

What is a Cryptocurrency Payment Gateway?

Ever seen a card reader or cash register? Crypto payment gateways are the same, the only difference is they are virtual. Similar to the use of credit and debit cards at a store, the crypto payment gateways act as the digital point of sale terminal. It collects data information and sends it to the crypto payment processor for verification. The crypto payment gateways are typically responsible for the security and confirming user identity and the funds available in teh crypto account. The payment gateway acts as a middleman between the store owner, the store owner’s bank, the customer, and the customer’s crypto account/bank. 

Also Read: Top Enterprise Blockchain Solution Providers

Importance of Top Crypto Payment Processors in Business

Built on decentralized blockchain platforms, the crypto payment gateways offer the same inherent features of blockchain- record immutability and transaction transparency. The operating mechanism eliminates intermediaries like banks from the procedure, reducing the cost and number of processing steps thereby increasing the transaction speed with real-time visibility. The processors also feature multi-OS compatibility and auto-settlement options, contributing heavily to crypto’s mainstream relevance.

Merchants and vendors can avail the following benefits through crypto payment gateway integration:

A. Zero Chargebacks

Crypto payment gateways while processing does not permit chargeback or refund. This is useful for high-risk business transactions.

B. Anonymity Assurance

Decentralized crypto payment processors do not require registration or KYC for authentication, unlike traditional centralized payment systems, ensuring privacy.

C. Instant Hassle-Free Processing

The absence of intermediaries accelerates payment processing operations to a great extent. The average time taken for a transaction is less than 10 seconds. This allows quick conversion to fiat.

Difference Between a Payment Processors & Payment Gateways?

A crypto payment gateway is software that collects and sends cryptocurrency details to a crypto payment processor. It acts as a bridge between the processor and the customer and allows them to conduct safe and secure transactions. The payment gateway also shares information on approvals and rejections to both the customer and the store owner. It ensures the payment is safely conducted and simplifies different cryptocurrency acceptance to conduct transactions online. 

On the other hand, the top crypto payment processor does the background work and securely handles the routing of transaction data to different parties such as blockchains, and banks. The crypto payment processor is responsible to conduct the transaction securely and verify the payment status. Both the crypto payment processor and crypto payment gateway are essential to enable secure crypto payments. 

How Does Crypto Payment Processors Work?

The role of crypto payment processors is very different from that of a crypto payment gateway. Here’s how a crypto payment processor works:

• It receives secure crypto wallet information from a gateway
• It verifies the relevance and security of the information
• It sends the information to the blockchain required to conduct the transaction
• It receives information back with an approval or denial message from the blockchain network

While e-commerce platforms may directly integrate a crypto payment processor instead of a crypto payment gateway, in doing so, they may compromise the security and expose their business to the dangers of fraud. 

Who are the Top Crypto Payment Processors Providers for Business?

With numerous crypto payment processors available in the market, selecting the right one can be challenging. To help you navigate this decision, we’ve compiled a list of some of the top crypto payment gateway providers worldwide. Each business has unique needs, so it’s essential to engage with these providers, explore their demos, and secure the best offers before making your final choice.