BitPay
BitPay is a comprehensive crypto payment solution providing businesses with the tools to accept, store, and spend various cryptocurrencies while offering seamless settlement in traditional fiat currencies.
NOWPayments
NOWPayments is a non-custodial cryptocurrency payment gateway that allows you to accept over 300 digital assets as payment for your online store, physical business, or charitable organization effortlessly.
Quick Comparison
| Feature | BitPay | NOWPayments |
|---|---|---|
| Website | bitpay.com | nowpayments.io |
| Pricing Model | Subscription | Freemium |
| Starting Price | $??/month | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2011 | 2019 |
| Headquarters | Atlanta, USA | Amsterdam, Netherlands |
Overview
BitPay
BitPay is a dedicated crypto payment processor that helps you accept digital currencies from customers worldwide without the risk of price volatility. You can integrate crypto payments into your existing e-commerce checkout, send international payouts to vendors, or manage your corporate digital assets through a secure, multi-signature wallet.
The platform eliminates the complexity of handling blockchain transactions by converting crypto payments directly into your local currency. You can receive settlements in USD, EUR, and other fiat currencies deposited straight to your bank account. It is designed for businesses of all sizes, from small online shops to large enterprises looking to expand their global reach and reduce transaction fees compared to traditional credit cards.
NOWPayments
NOWPayments is a non-custodial crypto payment gateway that lets you accept more than 300 different cryptocurrencies directly into your own wallet. You can integrate payment buttons, hosted payment pages, or full API solutions into your website to offer customers a modern checkout experience. Because it is non-custodial, you maintain full control over your private keys and funds at all times, reducing the risks associated with third-party holding services.
You can also manage complex financial tasks like mass payouts for affiliates or employees and set up recurring billing for subscription-based services. The platform automatically handles currency conversions, allowing you to accept volatile coins while receiving stablecoins to protect your margins. Whether you run a small online shop or a large enterprise, you can start accepting global payments with minimal technical setup and low transaction fees.
Overview
BitPay Features
- Global Checkout Accept Bitcoin and other popular cryptocurrencies at your online store with a checkout experience optimized for any device.
- Fiat Settlement Protect your margins by converting crypto payments into your local currency automatically to avoid market price fluctuations.
- Direct Bank Deposits Receive your settled funds directly into your bank account in over 38 countries with daily settlement options.
- Email Invoicing Generate and send crypto-ready invoices to your international clients so they can pay you instantly from any wallet.
- Multi-Sig Wallet Manage your business funds with high-security multi-signature technology that requires multiple approvals for every transaction.
- Mass Payouts Send crypto payments to thousands of employees or vendors globally at once without the high costs of wire transfers.
NOWPayments Features
- Instant Auto-Conversion. Protect your revenue from market volatility by automatically converting received cryptocurrencies into stablecoins or your preferred digital asset.
- Mass Payouts. Send rebates, rewards, or salaries to multiple addresses simultaneously with a single click to streamline your business operations.
- Point-of-Sale Terminal. Accept crypto payments in your physical store using a simple web-based interface compatible with any mobile device or tablet.
- Recurring Billing. Set up automated subscription payments for your customers so you can generate consistent revenue without manual invoicing.
- Custodial Solutions. Choose to use internal accounts for instant transfers between users within your ecosystem to save on network gas fees.
- E-commerce Plugins. Connect your store instantly with ready-made plugins for WooCommerce, Shopify, Magento, and other major shopping cart platforms.
Pricing Comparison
BitPay Pricing
- 1% to 2% transaction fee
- Unlimited monthly volume
- Daily bank settlements
- Email and forum support
- Standard e-commerce plugins
- Basic reporting tools
- Everything in Standard, plus:
- Custom transaction pricing
- Dedicated account manager
- Advanced API access
- Customized settlement terms
- Priority technical support
NOWPayments Pricing
- No monthly subscription fees
- 0.5% transaction fee
- Access to 300+ cryptocurrencies
- Personal account manager
- 24/7 technical support
- Everything in Standard, plus:
- Additional 0.5% exchange fee
- Automatic coin conversion
- Fixed rate options available
- Stablecoin settlement
Pros & Cons
BitPay
Pros
- Eliminates chargeback fraud risk for merchants
- Lower transaction fees than most credit cards
- Fast settlement into local fiat currencies
- Easy integration with major e-commerce platforms
Cons
- Strict compliance and identity verification process
- Customer support response times can vary
- Limited customization for the checkout UI
NOWPayments
Pros
- Non-custodial setup ensures you keep full control of funds
- Extensive range of supported coins exceeds most competitors
- Simple integration process with popular e-commerce plugins
- Responsive customer support helps resolve technical issues quickly
Cons
- Minimum payment limits apply to certain low-value transactions
- Network congestion can occasionally delay transaction confirmations
- Fiat withdrawal options are limited compared to crypto-to-crypto