BitPay vs KuCoin Pay
BitPay
bitpay.comKuCoin Pay
kucoin.comSide by side
| Figure | BitPay | KuCoin Pay |
|---|---|---|
| Price from | $1.53/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | Yes | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 8 | 2 |
| Spec score · Crypto Payment Processors | 9.4 (#1) | 7.7 (#10) |
| Security | BitPay's Trust Center lists SOC 3, SOC 1 Type 2, SOC 2 Type 2, NY DFS cybersecurity requirements, and DORA information. | KuCoin describes account protections including multi-factor authentication and platform protections including 24/7 security operations. |
| Settlement | Merchants can settle in fiat, crypto or a combination, with fiat deposited to bank accounts in supported countries. | Merchants can settle in stablecoins such as USDT or USDC, or convert crypto earnings to fiat through KuCoin OTC. |
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.
KuCoin Pay
KuCoin Pay is a cryptocurrency payment solution for consumers and merchants, supporting online, offline, and in-app transactions. Checkout options include API integration, hosted KuCoin Pay checkout, and QR codes. Payments can be made on-chain from exchanges or decentralized wallets; verified KuCoin users can also make gas-free off-chain payments to each other. Consumer payments settle instantly, and access is for verified KuCoin users. Merchants apply with business information, complete verification, sign an agreement, and integrate the API. They can settle in stablecoins such as USDT or USDC, or convert crypto earnings to fiat through KuCoin OTC. A merchant portal provides transaction monitoring, financial reporting, and customer insights. KuCoin describes merchant compliance measures including AML/KYC protocols, anti-fraud monitoring, and Travel Rule support through solutions such as Sumsub. The service supports web, iOS, and Android. Consumer payments cost nothing, though merchants may apply handling fees. Merchant pricing is volume-based and available on request. KuCoin Pay is linked to the main KuCoin account, so suspension of that account also suspends KuCoin Pay.