BitPay vs CoinGate
BitPay
bitpay.com
CoinGate
coingate.comSide by side
| Figure | BitPay | CoinGate |
|---|---|---|
| Price from | $1.53/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | Yes | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 8 | 2 |
| Spec score · Crypto Payment Processors | 9.4 (#1) | 7.6 (#11) |
| Company history | BitPay says it was founded in 2011. | CoinGate says it has been building crypto payment infrastructure since 2014 and began with a three-person team in Vilnius. |
| Compliance | BitPay says US merchant accounts are subject to business verification and its compliance process includes KYC and AML checks. | UAB Decentralized is authorized by the Bank of Lithuania as a MiCA crypto-asset service provider and licensed as a payment institution for electronic money token transfers. |
| Founded | 2011 | 2014 |
| Integrations | BitPay lists integrations and plugins for Shopify, WooCommerce, Magento, BigCommerce, and other ecommerce platforms. | CoinGate supports e-commerce plugins, APIs, payment channels, and email invoicing, including integrations for WooCommerce, PrestaShop, WHMCS, and more. |
| Payouts | Payout tools support payroll, vendor, affiliate and business payments funded in fiat and delivered in cryptocurrency. | CoinGate supports crypto payouts to suppliers, freelancers, or customers in more than 180 countries with audit trails. |
| Security | BitPay's Trust Center lists SOC 3, SOC 1 Type 2, SOC 2 Type 2, NY DFS cybersecurity requirements, and DORA information. | CoinGate uses encryption, strict access controls, continuous monitoring, security testing, two-factor authentication, and role-based permissions. |
| Settlement | Merchants can settle in fiat, crypto or a combination, with fiat deposited to bank accounts in supported countries. | Merchants can settle payments in EUR, GBP, USD, or cryptocurrency, with automatic conversion to reduce volatility. |
| Support | BitPay directs users to its Support Center and offers assistance through the BitBot support interface. | Standard plans include standard email support, while Enterprise plans include dedicated technical support, a dedicated account manager, and direct developer access. |
Plans
BitPay
- Under $500,000 monthly transaction volumePriced on request
- $500,000–$999,999 monthly transaction volumePriced on request
- At least $1,000,000 monthly transaction volumePriced on request
- BitPay WalletFree
- Crypto acceptance — $500,000–$999,999 monthly volume$1.53 a month
- Crypto acceptance — $1,000,000+ monthly volume$125 a month
- Crypto acceptance — under $500,000 monthly volume$225 a month
- BitPay merchant processingPriced on request
In their own words
BitPay
BitPay provides businesses with tools to accept cryptocurrency payments and send cryptocurrency payouts. Merchants can take payments online, in stores, and through email billing, with tools for ecommerce, donations, and retail. It lists integrations and plugins for Shopify, WooCommerce, Magento, BigCommerce, and other ecommerce platforms. Developers can integrate through BitPay REST APIs and SDKs, or official libraries for Java, Node, PHP, C#, and Python. Customer cryptocurrency payments are converted to local currency, and bank settlement is initiated the next business day; businesses can settle in fiat, cryptocurrency, or a mix of both. Merchant processing fees depend on cumulative monthly transaction volume: 2% + 25¢* below $500,000 USD, 1.5% + 25¢* from $500,000 to $999,999 USD, and 1% + 25¢* at $1,000,000 USD or more. BitPay also offers a free wallet app for mobile and desktop. Its self-custody wallet supports buying, selling, swapping, and storing cryptocurrency, buying gift cards, and paying bills. BitPay was founded in 2011 and is headquartered in Atlanta, Georgia, United States. Bill Pay is available only to US residents.