Cryptocurrency Gateways
Cryptocurrencies have long been an indispensable part of modern business. Even the industry giants would not argue with this. And most companies have already recognized cryptocurrency as an ally and started working with it very closely.
Of course, it wouldn’t happen without intermediaries. They were the crypto gateways that enable businesses to accept bitcoin with a simple integration process. The market has lots of offers of such kind, but it is important to choose an option that meets your business needs.
After all, it is very important for business owners to optimize their expenses and benefits they get from it. In particular, it concerns small and medium-sized businesses. Let’s try to figure out how to choose a gateway based on your interests by comparing different representatives of this market.
We have summarized the most popular and noteworthy payment gateways and compared them. You can analyze at each separately and take a look at the table showing all the pros and cons of companies at the end of the article.
Coinpayments https://www.coinpayments.net/
What the company says about itself
The world’s first cryptocurrency payment solution. The world’s easiest payment processing platform Built by Merchants, for Merchants
Prices and fees – (https://www.coinpayments.net/help-fees)
Currencies
In the personal gateway account, you can find 115 different cryptocurrencies!
Documents required
To register on CoinPayments as a store, you do not need to provide and verify company documents. However, the company may still require them in the future and freeze your accounts until nature of your income is stated.
Fiat money
CoinPayments supports USD and some other world currencies using third-party gateways integrated into the service system.
Security and Privacy
Different 2FA options, a backup email address, logging in via Trezor wallet, and emails encryption with PGP/GPG keys.
Privacy Policy – https://www.coinpayments.net/help-privacy)
Plug-ins and integrations https://www.coinpayments.net/merchant-tools
Coinpayments provides users with 8 different plugins and a small guide for each of them.
Mass payouts https://www.coinpayments.net/help-mass-withdrawal
Coinpayments provides an opportunity to use such features
Support team https://www.coinpayments.net/supwiz
There is no live chat with support team on the website. To contact the tech support, you will need to visit a special section and make a ticket. This method unlikely will be helpful if you want to resolve the issue quickly.
Mobile app
The service has a mobile app available on iOS and Android platforms.
https://www.coinpayments.net/apps
Pros:
A large number of cryptocurrencies, a Company with experience and good reputation
Cons:
High prices, outdated design, lack of responsive tech support
Conclusion:
CoinPayments is a company with many years of experience and is a reliable partner for your business. Due to its size, it is difficult for the company to adapt to changes and move with the times. This is a choice for those who need quality accounting services and transparency.
Plisio https://plisio.net/
What the company says about itself
Payments Solution for your Business. Cryptocurrency remittance platform for all a kind of business
Prices and fees
The company offers a 0.5% fee for companies using their API. Yet, you can always contact the company’s representatives and get a personal offer.
Currencies
At the moment, Plisio clients have 7 major cryptocurrencies at their disposal, but it’s in the company plans to connect 23 more this year.
Documents required
When registering a business account, you do not need to provide any documents. This spares you from unnecessary paperwork and is a certain advantage if you do not require Fiat currencies in your work.
Fiat money
The company does not work with Fiat currencies
Security and Privacy
Plisio has decided to devote a separate page to security and it can be regarded as one of the company’s priorities.
https://plisio.net/security – On this page you can find information about the data protection methods used by the company.
You will find Pin and 2FA settings on your dashboard.
Their privacy policy can also be found on the website – https://plisio.net/docs/plisio-privacy-policy.pdf
Plug-ins and integrations
Plisio offers you 4 plugins. Among them are OpenCart, WHMCS, VirtueMart and WooCommerce. Each plugin has a guide on how to connect it.
Mass payouts
You can access this feature from your account profile. A simple configuration and intuitive user interface are also worth mentioning.
Support team
To contact Plisio tech support, you just need to use the live chat that is always located in the screen lower right corner as a widget.
Mobile app
The Plisio mobile app is under development. But the company promises it will be available soon.
Conclusion:
Plisio is a new company that is still evolving. This is also their advantage, because they develop in accordance with their customers’ needs and are ready to provide individual solutions for your needs at a reasonable price.
Pros:
Flexible prices, responsive support team, user-friendly design.
Cons:
There is no mobile app yet, small range of cryptocurrencies, not quite experienced.
Block.io
What the company says about itself
The world’s easiest Bitcoin Wallet as a Service.
Prices and fees
Block.io has a wide tariff range. This is great, because you can choose an ideal tariff plan for you.
Currencies
The service does support many of cryptocurrencies. Only Bitcoin, Dogecoin and Litecoin are available. However, this should not scare you off, because these are some of the most popular cryptocurrencies.
Documents required
You will not need to provide your company registration documents; however, it’s said that some of such documents may be required.
Fiat money
The company does not work with Fiat currencies.
Plug-ins and integrations
Unfortunately, the service does not offer plug-ins. In other words, you can only enable the Block.io API directly.
Security and Privacy
Privacy and security are the company’s priority. After all, 1 of the 3 main website pages are dedicated to security. The company highlights the security measures it takes. https://block.io/security
And here is their privacy policy – https://block.io/privacy
Mass payouts
The platform does not provide such feature; however, such features are present when manually configuring payments via the API. The platform does not provide such features but they are present when manually configuring payments via the API.
Support team
Again, there is no direct chat with the support. When you click the “Support” button on the upper menu, you are redirected to the ticket form. After filling the form, you need to wait for an email.
Mobile app
Block.io doesn’t have mobile app.
Pros:
Security, documentation, flexible prices
Cons:
Lack of plug-ins, complex for beginners, lack of responsive tech support
Conclusion:
Block.io is a noteworthy gateway for those who already have experience of working with such services. However, the platform is quite complex for an average user. If you are a specialist and are looking for a secure gateway that you can customize – the choice is made.
What the company says about itself
Coinbase offers you the easiest way to buy, sell, and manage your cryptocurrency portfolio.
Prices and fees
On the company’s website you won’t find clear information about the fee for stores . However, we were able to find out that it is between 1% and 2%. What determines its size remains unclear.
Currencies
It can surprise you, but Coinbase works with only 6 cryptocurrencies!
Documents required
You may not need documents to work with Coinbase. At least they are not needed at the moment of registration and store creation. But the company reserves the right to request them from you, and as it was mentioned earlier, such proceedings lead to account freezing and other unpleasant obstacles.
Fiat money
The company does not work with Fiat currencies
Plug-ins and integrations
In the integration section you will find 11 different plugins! Among them are Shopify, WooCommerce, PrestaShop, Magento, OpenCart, Zen Cart, Drupal, osCommerce, WHMCS, X-Cart, Gravity Forms, and many useful libraries.
Security and Privacy
2FA, 12 words and a Google Drive backup are offered to you when you register.
Their privacy policy – https://commerce.coinbase.com/legal/privacy-policy/
Mass payouts
Coinbase does not provide mass payment feature. This, again, can be a significant disadvantage for those whose business requires such a feature.
Support team
To contact support, you will have to email them. As was mentioned above, this approach does not seem to be productive to us.
Mobile app
The company has a mobile app available on iOS and Android. You can download it from the official store of your platform.
Pros:
Many integrations, mobile app, security
Cons:
Fees, few available currencies, the support service
Conclusion:
The user-friendly design, high level of trust and a great number of integrations should encourage every user. Fees size and instability are a significant disadvantage for such a company. Why they have such policy remains unclear.
Bitpay
What the company says about itself
The world leader in blockchain payment technology. Accept and send Bitcoin & cryptocurrency payments.
Prices and fees
On the main business section page, the company states a “Simple” fee system of 1% for everyone. You can notice an interesting PostScript “Fees are higher for high-risk industries”.
Currencies
BitPay offers you an opportunity to accept payments in 7 currencies. We can’t say that all of them are very popular; perhaps, you are interested in something particular and this is what you need.
Documents required
Even before you create an account, the service will ask you for your documents. Unfortunately, you will not be able to use the platform without providing company documents.
Fiat money
Bitpay supports lots of Fiat currencies!
Plug-ins and integrations
The company is famous for a fairly wide range of plug-ins and integrations.
They offer 10 plug-Ins, 4 integrations and 6 libraries to speed up the connection and configuration process.
Mass payouts
There is no information about mass payments on the company’s website.
Security and privacy
The company does not mainly focus on the client’s security and privacy. We can only assume that the company is taking standard and generally accepted in the niche measures. Their privacy policy can be found here – https://bitpay.com/about/privacy/
Support team
As for most services, there is no direct chat with the tech support. Still, you can make a ticket and wait for response. You can also try to find a solution to your problem in the existing knowledge base. It is quite extensive!
Mobile app
We’ve analyzed the mobile app and got the following results: The company has a mobile app available on iOS and Android. However, we had to use Google to find it. The company’s website doesn’t mention it at all.
Pros:
A large number of integrations, a mobile app and an extensive knowledge base
Cons:
Responsive tech support, high fees, unpopular currencies
Conclusion:
We can highlight the high fee percentage that won’t do for SnM business. On the other hand, a large number of integrations and plugins may be significant for some people.
CoinGate
What the company says about itself
Cryptocurrency payments made easy. Accept Bitcoin, Ether, Litecoin, XRP and more. Lightning Network supported
Prices and fees
The company offers a 1% fee for connected businesses. This is twice as high as, for example, Plisio or CoinPayments offers.
Currencies
CoinGate allows its users to accept payments in 52 cryptocurrencies!
Documents required
When creating an account, you will not need your company documents; still, if you want to work with Fiat or the company has questions for you, you may need to show them at any time. Therefore, it is better to prepare everything in advance to avoid trouble.
Fiat money
The company works with Fiat money
Plug-ins and integrations
In addition to the API itself and the “payment Button”, the service offers 12 of the most popular plug-ins for a quick store connection.
Mass payouts
At the moment, the company does not offer such feature; yet, their development plan for this year include such innovations.
Security and privacy
The company does not mainly focus on security. However, in your account profile you can find standard settings for 2FA and other security measures. Their privacy policy can be found here – https://coingate.com/privacy
Support team
You can leave a message in a special section and wait for an email response. There is no direct chat with the tech support.
Mobile app
CoinGate doesn’t have a mobile app.
Pros:
Lots of plugins, a wide range of cryptocurrencies, user-friendly design
Cons:
High fees, the tech support and no mobile app.
Conclusion:
CoinGate is a noteworthy payment gateway with a user-friendly design and big development plans. The company support service and pricing policy leaves much to be desired.
If you are interested in working exclusively with cryptocurrencies and do not want to bother with paperwork – work with Plisio or Block.io
If you want to work with cryptocurrency and Fiat, but are not ready for difficulties -Coinpayments and Coingate are your choice
And if your work requires accounting and all documents – Coinbase and Bitpay are at your service!
There are a lot of offers on the market today; the main thing is to choose the one that suits you best!
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