Cryptocurrencies have gained immense popularity as a secure and decentralized form of digital currency. With the rising adoption of cryptocurrencies, businesses around the world are looking for reliable and efficient payment gateways to seamlessly accept crypto payments. Whether you're an e-commerce store, a subscription-based platform, or a service provider, integrating a trustworthy crypto payment gateway can open doors to a global customer base and offer a convenient payment option.

In this comprehensive guide, we present the top 10 crypto payment gateways of 2023, meticulously evaluated based on their features, pros, cons, and pricing. We have analyzed each payment gateway's key offerings, their strengths, and areas where they can improve, providing you with valuable insights to make an informed decision for your business.

Let's dive in.

01. Radom

Key Features

1. Customizable SDK: Merchants can white label their entire crypto checkout flow.
2. Subscriptions: Recurring crypto payment tools that simplify billing. Customers are auto-charged every billing cycle without the need to make manual transactions.
3. Recurring Invoices: Automated crypto invoices on a recurring time interval.
4. Payment Links: No-code crypto payment links that can be set-up in seconds.
5. Checkout: Pre-built hosted, crypto payment page that requires little code and time to launch.‍

Score: 5/5

‍

Pros

1. No extensive set-up time: Log-in and get started.
2. Flexible APIs: Lots of APIs and flexibility to set-up any type of billing model and use-case.
3. Support team: Dedicated Slack support channel to manage issues.
4. High-risk industries supported: Welcomes high-risk industries.
5. Support for any cryptocurrency: Available upon request.‍

Score: 5/5

‍

Cons

1. Off-ramp: Ongoing setup of crypto-to-fiat offramp.

Score: 4/5

‍

Pricing

0.5% per transaction. No Hidden Fees. Cheapest in the industry.‍

Score: 5/5

‍

Final Score – 19/20

‍

‍

02. Crypto.com Pay

Key Features:

1. Crypto Payment Gateway: Crypto.com Pay offers a dedicated payment gateway for accepting cryptocurrency payments.
2. Cryptocurrency Rewards: Users of Crypto.com Pay can earn rewards in the form of their native cryptocurrency.
3. E-commerce Integrations: Shopify integration.

Score: 3.5/5

Pros:

1. Crypto.com Integration: Crypto.com Pay is part of the larger Crypto.com ecosystem, allowing for seamless integration with other Crypto.com products and services.
2. User-Friendly Interface: The platform provides a user-friendly interface, making it easy for businesses to accept and manage cryptocurrency payments.

Score: 4/5

Cons:

1. Limited Fiat Settlement Options: Crypto.com Pay has limited support for fiat settlement, which may limit options for converting cryptocurrency into traditional currency.
2. No Subscriptions: Crypto.com Paycan't do true recurring subscription-based payments.
3. No White Labeled Solution: Crypto.com Pay doesn't have a fully integrated cryptocurrency experience that can be white-labeled.
4. Exchange Risk: Crypto.com Pay has a lot of risk due its association with the exchange function of its business.

Score: 2.5/5

Pricing:

Transaction Fee: Crypto.com Pay charges hidden conversion fees.

Score: 4/5

Final Score: 14/20

‍

‍

03. XMoney (Utrust)

Key Features:

1. Buyer Protection: XMoney offers buyer protection services, providing an additional layer of security for customers.
2. Instant Cryptocurrency Conversion: XMoney facilitates instant conversion of received cryptocurrencies into fiat currency.

Score: 4/5

Pros:

1. Secure Payment Solution: XMoney ensures secure payments through its robust technology and buyer protection mechanisms.‍
2. Cryptocurrency-to-Fiat Conversion: XMoney's instant cryptocurrency conversion feature allows merchants to mitigate volatility risks.

Score: 4/5

Cons:

1. Limited Cryptocurrency Support: XMoney supports a limited number of cryptocurrencies, potentially limiting payment options for some users.
2. No Subscriptions: XMoney can't do true recurring subscription-based payments.
3. No White Labeled Solution: XMoney doesn't have a fully integrated cryptocurrency experience that can be white-labeled.

Score: 2.5/5

Pricing:

Transaction Fee: XMoney (Utrust) charges 1% per transaction.

Score: 3.5/5

Final Score: 14/20

‍

‍

04. CoinGate

Key Features:

1. Easy Integration: CoinGate offers simple integration options for merchants, allowing them to quickly add crypto payment functionality to their platforms.
2. Payment Buttons: CoinGate provides customizable payment buttons that can be easily embedded on websites.

Score: 4/5

Pros:

1. Comprehensive Cryptocurrency Support: CoinGate supports a wide range of cryptocurrencies, ensuring flexibility for customers and merchants.
2. Multiple Settlement Options: CoinGate allows users to choose between settling transactions in cryptocurrency or receiving payouts in fiat currency.

Score: 4/5

Cons:

1. Conversion Fees: Converting cryptocurrencies to fiat currency within CoinGate may incur conversion fees.
2. Basic Subscriptions: CoinGate has basic email recurring billing, but no automated wallet-debit.
3. Basic White Labeled Solution: CoinGate's white label solution is restricted to invoicing.

Score: 3/5

Pricing:

Transaction Fee: CoinGate charges >=1% per transaction. The fees gets a lot higher for high-risk merchants.

Score: 3/5

Final Score: 14/20

‍

‍

05. BitPay

Key Features:

1. Payment Protocol: BitPay utilizes the Payment Protocol, ensuring secure and reliable transactions.
2. Invoice Creation: BitPay enables the creation of customizable invoices for accepting cryptocurrency payments.

Score: 4/5

Pros:

1. Established Service: BitPay is one of the longest-standing crypto payment processors, with a solid reputation in the industry.
2. High-Quality Security: BitPay emphasizes robust security measures to protect user funds and transactions.

Score: 4/5

Cons:

1. Limited Cryptocurrency Support: BitPay supports a limited number of cryptocurrencies, which may restrict payment options for some users.
2. No Subscriptions: BitPay has basic email recurring billing, but no automated wallet-debit.
3. No White Labeled Solution: BitPay doesn't have a fully integrated cryptocurrency experience that can be white-labeled.
4. BitPay Ecosystem: Although BitPay's eco-system can be a pro, it can also be a problem when it comes to the millions of users with other exchange accounts or self-custody wallets.

Score: 3/5

Pricing:

Transaction Fee: BitPay charges 1–2% + 25¢ per transaction.

Score: 2.5/5

Final Score: 13.5/20

‍

‍

06. Coinbase Commerce

Key Features

1. Checkout: Coinbase Commerce provides a visually appealing checkout interface.
2. Fiat Settlement: Settlement into fiat currency is available, but currency conversion fees apply.
3. E-commerce Integrations: Shopify support.

Score: 3.5/5

Pros

1. Established Reputation: Coinbase Commerce benefits from its well-known brand name and established reputation in the cryptocurrency industry.
2. User-Friendly Interface: The platform offers a user-friendly interface that simplifies the payment process for customers.

Score: 3/5

Cons

1. Limited currency support: Coinbase Commerce offers support for only 13 cryptocurrencies, which may limit the options available for merchants and their customers.
2. No automated invoices: Coinbase Commerce lacks the functionality of generating automated invoices. Merchants will need to manually generate invoices, which can be time-consuming and less efficient.
3. Long sign-up time: The sign-up process for Coinbase Commerce can be lengthy, requiring additional time and steps compared to other payment gateways. This may result in delays for merchants wanting to start accepting crypto payments quickly.
4. Limited country support: Coinbase Commerce has limited country support, meaning that it may not be available for merchants operating in certain regions or countries. This can restrict the accessibility and reach of businesses using Coinbase Commerce as their payment gateway.
5. No Subscriptions: Coinbase Commerce has basic email recurring billing, but no automated wallet-debit.
6. No White Labeled Solution: Coinbase Commerce doesn't have a fully integrated cryptocurrency experience that can be white-labeled.
7. Exchange Risk: Coinbase Commerce has a lot of risk due its association with the exchange function of its business.

‍Score: 2/5

Pricing

Transaction Fee: Coinbase Commerce charges 1% per transaction.

Score: 3.5/5

Final Score – 12/20

‍

‍

07. CoinsPaid

Key Features:

1. Extensive Cryptocurrency Support: CoinsPaid supports a wide range of cryptocurrencies, ensuring broad payment options.
2. API Integration: CoinsPaid offers API integration, allowing seamless integration with various platforms and systems.

Score: 4/5

Pros:

1. Enhanced Security: CoinsPaid prioritizes high-level security measures to protect user funds and transactions.
2. Customizable Payment Flow: CoinsPaid provides customizable payment flows to suit the specific needs of businesses.

Score: 2.5/5

Cons:

1. Limited Fiat Options: CoinsPaid has limited support for fiat settlement options, potentially restricting conversion choices for businesses.
2. No Subscriptions: CoinsPaid can't do true recurring subscription-based payments.
3. No White Labeled Solution: CoinsPaid doesn't have a fully integrated cryptocurrency experience that can be white-labeled, unless you directly reach out to them and work on a 1-to-1 contractual basis. It's not something that can be taken off the shelf.

Score: 2/5

Pricing:

Transaction Fee: CoinsPaid charges 0.8% per transaction.

Score: 3.5/5

Final Score: 12/20

‍

‍

08. NowPayments

Key Features:

1. Quick Integration: NowPayments offers fast and easy integration options, allowing merchants to start accepting crypto payments swiftly.
2. Multi-Currency Support: NowPayments supports a wide range of cryptocurrencies, giving businesses flexibility in accepting different digital assets.

Score: 3/5

Pros:

1. Seamless API Integration: NowPayments provides seamless API integration for smooth integration with websites and platforms.
2. Instant Settlement: NowPayments offers instant settlement, allowing merchants to receive funds quickly.

Score: 3/5

Cons:

1. Limited Payment Options: NowPayments has a limited selection of payment options available, which may restrict user preferences.
2. No Subscriptions: NowPayments can't do true recurring subscription-based payments.
3. No White Labeled Solution: NowPayments doesn't have a fully integrated cryptocurrency experience that can be white-labeled, unless you directly reach out to them and work on a 1-to-1 contractual basis. It's not something that can be taken off the shelf.

Score: 1.5/5

Pricing:

Transaction Fee: 0.5% fee per transaction.

Score: 4/5

Final Score: 11.5/20

‍

‍

09. CoinPayments

Key Features

1. Extensive Cryptocurrency Support: CoinPayments supports a vast range of cryptocurrencies, allowing merchants to accept various digital assets as payment.
2. Easy Integration: CoinPayments offers easy integration options, including plugins and APIs, making it convenient for merchants to add crypto payment functionality to their websites or platforms.

Score: 3.5/5

Pros

1. Wide Cryptocurrency Support: CoinPayments boasts one of the largest selections of supported cryptocurrencies, giving users and merchants ample flexibility.
2. User-Friendly Interface: CoinPayments offers a user-friendly interface that makes it easy for individuals and businesses to manage their crypto transactions.

Score: 3.5/5

Cons

1. Transaction Fees: CoinPayments applies transaction fees for processing crypto payments, and the specific fees can vary depending on the cryptocurrency being used.
2. Conversion Fees: Converting cryptocurrencies to fiat currency within CoinPayments may incur additional conversion fees.
3. Limited country support: CoinPayments does not provide support for merchants located in the United States.
4. Lacking support for recurring billing: CoinPayments lacks built-in support for recurring billing or automated payments. This means that merchants will need to manually manage recurring transactions, which can be time-consuming and less convenient.
5. No automated invoices: CoinPayments does not offer automated invoice generation.
6. Long sign-up time: CoinPayments' sign-up process may be time-consuming compared to other payment gateways.

‍Score: 2/5

Pricing

1. High fees per transaction for high-risk industries.
2. 1% on incoming token payments.
3. 0.5% for all crypto payments.‍

Score: 2/5

Final Score – 11/20

‍

‍

10. Binance Pay

Key Features:

1. Simplified Checkout Process: Binance Pay provides a streamlined checkout process for customers, reducing friction in completing crypto payments.
2. Binance Ecosystem Integration: Binance Pay is part of the broader Binance ecosystem, offering seamless integration with other Binance services.

Score: 3/5

Pros:

1. Established Exchange: Binance Pay benefits from the reputation and user base of Binance, one of the largest cryptocurrency exchanges in the world.
2. Fast and Secure Transactions: Binance Pay ensures quick and secure transactions, enhancing the overall user experience.

Score: 2.5/5

Cons:

1. Limited Cryptocurrency Support: Binance Pay currently supports a limited number of cryptocurrencies, which may restrict payment options for some users.
2. No Subscriptions: Binance Pay can't do true recurring subscription-based payments.
3. No White Labeled Solution: Binance Pay doesn't have a fully integrated cryptocurrency experience that can be white-labeled.
4. Exchange Risk: Binance Pay has a lot of risk due its association with the exchange function of its business.
5. No White Labeled Solution: Binance Pay doesn't have a fully integrated cryptocurrency experience that can be white-labeled.

Score: 2/5

Pricing:

Transaction Fee: Binance Pay charges hidden conversion fees.

Score: 4/5

Final Score – 10.5/20

‍

‍

Overall Winner

Radom

Seamless integration of crypto payments is vital for businesses today, and Radom excels in this realm. With its customizable SDK, businesses can effortlessly incorporate crypto transactions into their operations, enhancing the overall customer experience.

Radom's array of features, including recurring payment tools and automated invoicing, streamline billing processes and reduce manual efforts. The user-friendly checkout process ensures a smooth and efficient payment experience for both merchants and customers.

By choosing Radom as your payment gateway, you gain a competitive edge in the rapidly evolving world of digital payments. Enhance your customer experience, optimize billing procedures, and stay ahead in the dynamic landscape of cryptocurrency transactions.

Get in touch with us, or sign-up now to get started.