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.
FastSpring
FastSpring is a comprehensive merchant of record platform that handles global payments, sales tax compliance, and subscription management for software companies to accelerate international growth and reduce operational risk.
Quick Comparison
| Feature | BitPay | FastSpring |
|---|---|---|
| Website | bitpay.com | fastspring.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $??/month | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2011 | 2005 |
| Headquarters | Atlanta, USA | Santa Barbara, USA |
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.
FastSpring
FastSpring acts as your merchant of record, taking over the complex burdens of global commerce so you can focus on building great software. Instead of managing multiple payment gateways and tax jurisdictions yourself, you get a single solution that handles everything from localized checkouts to VAT collection and remittance worldwide.
You can scale your software or SaaS business globally without worrying about compliance or financial liability in different countries. The platform manages your entire customer lifecycle, including trial conversions, recurring billing, and proactive churn prevention. It simplifies your back-office operations by consolidating global payments into a single, manageable system that grows with your revenue.
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.
FastSpring Features
- Merchant of Record. Offload your global tax collection, remittance, and compliance liabilities to a partner that assumes all financial responsibility.
- Global Payment Methods. Accept dozens of local currencies and popular payment methods like Pix, Alipay, and cards to increase your international conversion rates.
- Subscription Management. Set up flexible billing models including monthly subscriptions, tiered pricing, and usage-based billing to match your product strategy.
- Localized Checkout. Provide your customers with a checkout experience in their native language and currency based on their specific geographic location.
- Dunning Management. Recover lost revenue automatically with smart payment retries and customizable email reminders for failed or expired credit cards.
- Interactive Quotes. Empower your sales team to create and send digital quotes that allow B2B customers to complete purchases instantly.
- Fraud Protection. Reduce your risk with built-in fraud detection that screens every transaction to prevent chargebacks before they happen.
- Developer APIs. Connect your existing tech stack and automate data flow using robust APIs and webhooks designed for software developers.
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
FastSpring Pricing
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
FastSpring
Pros
- Handles all global VAT and sales tax compliance automatically
- Reduces the need for a large internal accounting team
- Fast and helpful customer support for technical setup
- Easy to implement localized checkouts for international buyers
- Reliable payment processing with high authorization rates
Cons
- Transaction fees can be higher than standard gateways
- Dashboard interface feels dated compared to newer competitors
- Payout schedules can be restrictive for very small businesses