Topic: What crypto payment gate is the best? survey of criteria, and pack of TOP charts (Read 155 times)
November 16, 2022, 07:54:58 AM
Apart from the factors you mentioned, I think it’s also very crucial to check the settlement process. Not all merchants want to hold cryptocurrencies, especially the volatile ones. So when I chose Capital Wallet as my payment gateway I also checked these - what settlement currencies are available, if payments are auto-converted into the desired crypto or fiat, the conversion rate, the time it takes to get funds in your bank account etc. Gave me the much-needed clarity in decision making.
November 10, 2022, 07:04:52 PM
Your list is a bit strange. I think it's not good idea to rate services blindly based on how many currencies they support or how big or small their comission is. Do you really need that service would support 414 currencies. Because besides Bitcoin, maybe 15-20 currencies is used for payments and I imagine that volume of it is such small compared with Bitcoin. For sevices it's just waste of resources to support so many currencies.
And commission, does 0.20%, 0.50% or 1% really makes big difference? For example, I doubt that I would use BitPay, even if they would pay for me to use them.
From all these services which aren't very well known here and you listed, I used Free-kassa many times to pay for IPTV with BTC. Can't say any bad word about them.
And commission, does 0.20%, 0.50% or 1% really makes big difference? For example, I doubt that I would use BitPay, even if they would pay for me to use them.
From all these services which aren't very well known here and you listed, I used Free-kassa many times to pay for IPTV with BTC. Can't say any bad word about them.
November 08, 2022, 12:02:15 PM
I have never heard of most of the payment gateway listed above. I don't know how did you get them.
And take note Coinpayments is not offering a service in a few countries. If you have customers living in those restricted countries, I'm sure they will lock your account.
I also would like to clarify about fsfpay, but you mentioned above that is fafpay?
I tried to access the website fsfpay, but I notice the year at the bottom of this website it said it's 2007-2022 but the domain is November 2020 not 2007.
I never heard fsfpay and I don't know how did you get them unless you just created this thread to promote those suspicious payment gateway?
And take note Coinpayments is not offering a service in a few countries. If you have customers living in those restricted countries, I'm sure they will lock your account.
I also would like to clarify about fsfpay, but you mentioned above that is fafpay?
I tried to access the website fsfpay, but I notice the year at the bottom of this website it said it's 2007-2022 but the domain is November 2020 not 2007.
I never heard fsfpay and I don't know how did you get them unless you just created this thread to promote those suspicious payment gateway?
November 08, 2022, 11:28:05 AM
We all love BTCPayServer, but to help complete the list of inferior payment gateways, I know BitKassa is very popular in Bitcoin City Arnhem (also lightning), that's more like a physical POS type processor though.
Personally I don't think offering hundreds of tokens supported is an advantage. I don't know anyone using anything other than BTC to pay for things. Maybe ETH.
Personally I don't think offering hundreds of tokens supported is an advantage. I don't know anyone using anything other than BTC to pay for things. Maybe ETH.
November 07, 2022, 03:46:14 PM
What do you think about the criteria of choice such as gates and their importance?
Maybe you should add very important information if this payment processors you mentioned are closed or open source.I've been running my btc payserver node for years now... Usually it runs for months on end without me intervening. Up to the point that when it goes down, i usually don't notice for several days.
This is hands down the best payments processor in the world, you don't have to pay any fees and there are no third parties involved.Other altcoins can also be supported, not that I am really interested in most of them, but there are some people who can find this useful especially if they are running some business:
https://docs.btcpayserver.org/FAQ/Altcoin/
PS
There was or is a really good alternative light version called CypherpunkPay, but their website is down for unknown reasons (github page is still available).
November 07, 2022, 04:32:22 AM
You forgot to add the most-recommended payment processor on this forum - BTCPay Server.
- It's open-source.
- You set it up and host it yourself, so there is no need to introduce third-parties.
- There are no fees.
- There is no KYC.
- It's open-source.
- You set it up and host it yourself, so there is no need to introduce third-parties.
- There are no fees.
- There is no KYC.
this ^^
Plus, lightning support
I've been running my btc payserver node for years now... Usually it runs for months on end without me intervening. Up to the point that when it goes down, i usually don't notice for several days.
November 07, 2022, 04:27:35 AM
You forgot to add the most-recommended payment processor on this forum - BTCPay Server.
- It's open-source.
- You set it up and host it yourself, so there is no need to introduce third-parties.
- There are no fees.
- There is no KYC.
- It's open-source.
- You set it up and host it yourself, so there is no need to introduce third-parties.
- There are no fees.
- There is no KYC.
November 05, 2022, 03:08:35 PM
I think the table is misleading, for example, only the min value is taken as the commission, this is a very broad concept, the min can be 0.5 but the max can be 55. Also, the number of coins doesn't mean much because there are only 10 coins in the market that have a volume and are used for shopping.
Let me add one more:
Payid19 | https://payid19.com | %0.5 | 7 |
Let me add one more:
Payid19 | https://payid19.com | %0.5 | 7 |
July 12, 2022, 02:38:47 AM
We can speculate about reasons for the booming popularity of cryptopayments nowadays, but let's just admit for a second, that they ARE quite popular among businesses. Today I want to walk through the question: if I want to connect cryptopayments to, let’s say, my business website (e-commerce or digital entertainment service), and I don't want to dig a lot into technical details, I want just turnkey solution to instantly start accepting crypto: what cryptocurrencies payment gate/aggregator should I choose?
What should you pay attention to? Before owners decide to use cryptocurrencies, they need to find as much information as possible. For this idea to work, they need to use multiple cryptocurrencies simultaneously. As with fiat assets, the more payment systems one uses, the better. Suppose the casino intends to accept multiple currencies and wants the flexibility to receive final settlements in their home currency (which also resolves many of the tax implications associated with cryptocurrencies). In this case, there is no better way than using a payment processor that can handle even the most minor tasks when collecting crypto payments.
So criteria would be like:
TOP payment gateways in the crypto industry Right now there are at least 103 gateways. Charts and TOPs can be constructed in different ways, due to the priorities of those criteria. If businessmen, first of all, want to have a gateway that accepts the most significant number of currencies:
As you can see, FafPay accepts the most significant number of currencies. It is a trendy gateway that is a big hit worldwide. But do not blindly trust this; it also has several disadvantages. If commissions are in business priorities there is gonna be another TOP chart:
But if you wanto combine low commissions and the number of cryptocurrencies - charting becomes tricky, to cut long story short let's just stretch a few of them which can be considered as top:
It still might be not enough to find the most suitable gate, because
So if we mix all those criteria into a sort of Product Value Score, TOP can be completely different. PV score - an indicator of the attractiveness of the product. Calculated based on comparing the commission conditions and the number of payment methods. It created its ranking of payment gateways with the best conditions for PV Score:
This list can be considered “the most reliable crypto gateways, the most favorable terms of cooperation, a large number of cryptocurrencies, and a relatively low cost of services”. Example of calculation of PV score in the google-sheets table.
After all, there are even more criteria to work through, for example, if the chosen gateway/aggregator will work with a company registered in a specific country, or work with a specific bank. And a huge amount of questions related to KYC and AML operations. By this survey, I just wanted to conclude, that there is no easy answer to the question “What gate is the best?”, but there are some criteria and priorities which can help to find an answer to the question “Which gate is the most suitable for this particular case?”
What do you think about the criteria of choice such as gates and their importance?
What should you pay attention to? Before owners decide to use cryptocurrencies, they need to find as much information as possible. For this idea to work, they need to use multiple cryptocurrencies simultaneously. As with fiat assets, the more payment systems one uses, the better. Suppose the casino intends to accept multiple currencies and wants the flexibility to receive final settlements in their home currency (which also resolves many of the tax implications associated with cryptocurrencies). In this case, there is no better way than using a payment processor that can handle even the most minor tasks when collecting crypto payments.
So criteria would be like:
- Amount of cryptocurrencies
- Settling and auto-converting into fiat money for business purposes
- Additional Commissions charged by Gate/Aggregator
- UX/UI and multi-language interfaces
- KYC services integrations/providing
- Time to settle/clearance
TOP payment gateways in the crypto industry Right now there are at least 103 gateways. Charts and TOPs can be constructed in different ways, due to the priorities of those criteria. If businessmen, first of all, want to have a gateway that accepts the most significant number of currencies:
| Aggregator name | Link | Number of cryptocurrencies declared |
| FsfPay | https://fsfpay.com/ | 414 |
| CoinPayments | https://coinpayments.net/ | 175 |
| Bestrate | https://bestrate.org/ | 120 |
| Rocketfuel | https://rocketfuelblockchain.com/ | 120 |
| NowPayments | https://nowpayments.io/ | 100 |
As you can see, FafPay accepts the most significant number of currencies. It is a trendy gateway that is a big hit worldwide. But do not blindly trust this; it also has several disadvantages. If commissions are in business priorities there is gonna be another TOP chart:
| Name | Link | Paymentcommissionmin,% |
| Free-kassa | https://free-kassa.ru/ | 0,00% |
| ZondaPay | https://zondaglobal.com/ | 0,00% |
| Bancc | https://bancc.finance/ | 0,00% |
| Coinqvest | https://coinqvest.com/ | 0,00% |
| B2BinPay | https://b2binpay.com/ | 0,05% |
| Paymium | https://paymium.com/ | 0,10% |
| FsfPay | https://fsfpay.com/ | 0,20% |
| Swapin | https://swapin.com/ | 0,20% |
| Coinremitter | https://coinremitter.com/ | 0,23% |
| CoinPayments | https://coinpayments.net/ | 0,50% |
| NowPayments | https://nowpayments.io/ | 0,50% |
| Crypto.com | https://crypto.com/ | 0,50% |
| Cyclebit | https://cyclebit.io/ | 0,50% |
| CoinsBank | https://coinsbank.com/ | 0,50% |
| AlteWay | https://alteway.com/ | 0,50% |
| Cryptoprocessing | https://cryptoprocessing.com/ | 0,80% |
| Confirmo | https://confirmo.net/ | 0,80% |
| TripleA | https://triple-a.io/ | 0,80% |
| Cryptonator | https://cryptonator.com/ | 0,90% |
| Alfacoins | https://alfacoins.com/ | 0,99% |
| Coingate | https://coingate.com/ | 1,00% |
| Bitpay | https://bitpay.com/ | 1,00% |
| OnChainPay | https://onchainpay.tilda.ws/ | 1,00% |
| AliKassa | https://alikassa.com/ | 1,00% |
| Blockonomics | https://blockonomics.co/ | 1,00% |
But if you wanto combine low commissions and the number of cryptocurrencies - charting becomes tricky, to cut long story short let's just stretch a few of them which can be considered as top:
| Name | Link | Paymentcommissionmin,% | NumberofCryptocurrencies |
| FsfPay | https://fsfpay.com/ | 0,20% | 414 |
| CoinPayments | https://coinpayments.net/ | 0,50% | 175 |
| NowPayments | https://nowpayments.io/ | 0,50% | 100 |
| Crypto.com | https://crypto.com/ | 0,50% | 30 |
| Cyclebit | https://cyclebit.io/ | 0,50% | 20 |
| Cryptoprocessing | https://cryptoprocessing.com/ | 0,80% | 30 |
| Confirmo | https://confirmo.net/ | 0,80% | 2 |
| TripleA | https://triple-a.io/ | 0,80% | 3 |
| Cryptonator | https://cryptonator.com/ | 0,90% | 11 |
| Alfacoins | https://alfacoins.com/ | 0,99% | 17 |
It still might be not enough to find the most suitable gate, because
- you might be interested not only in minimal commissions but average or even maximum commissions.
- some specific currencies (like Stellar, Dai, or NEM)
- fixed charge per transaction
- Converting and settling to fiat money
So if we mix all those criteria into a sort of Product Value Score, TOP can be completely different. PV score - an indicator of the attractiveness of the product. Calculated based on comparing the commission conditions and the number of payment methods. It created its ranking of payment gateways with the best conditions for PV Score:
- CoinPayments - 9 PV Score
- FsfPay - 9 points by PV Score
- NowPayments - 8 PV Score
- Free-kassa - 7 points according to PV Score
This list can be considered “the most reliable crypto gateways, the most favorable terms of cooperation, a large number of cryptocurrencies, and a relatively low cost of services”. Example of calculation of PV score in the google-sheets table.
After all, there are even more criteria to work through, for example, if the chosen gateway/aggregator will work with a company registered in a specific country, or work with a specific bank. And a huge amount of questions related to KYC and AML operations. By this survey, I just wanted to conclude, that there is no easy answer to the question “What gate is the best?”, but there are some criteria and priorities which can help to find an answer to the question “Which gate is the most suitable for this particular case?”
What do you think about the criteria of choice such as gates and their importance?
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