BitPay vs Payment Depot
BitPay
bitpay.comPayment Depot
paymentdepot.comSide by side
| Figure | BitPay | Payment Depot |
|---|---|---|
| Price from | $1.53/mo | $19/mo |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | Yes | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 8 | 2 |
| Spec score · Payment Processing Software | 9.5 (#1) | 7.5 (#37) |
| Funding | LinkedIn says BitPay raised more than $70 million from investors including Index Ventures, Aquiline, Menlo Ventures, Founders Fund and Richard Branson. | The pricing page lists next business day funding as a subscription feature. |
| Headquarters | Atlanta, Georgia, United States | Orlando, Florida, United States |
| Integrations | BitPay lists integrations and plugins for Shopify, WooCommerce, Magento, BigCommerce, and other ecommerce platforms. | The site says merchants can connect to multiple payment gateways and describes API key integration capabilities. |
| Security | BitPay's Trust Center lists SOC 3, SOC 1 Type 2, SOC 2 Type 2, NY DFS cybersecurity requirements, and DORA information. | The privacy policy says transaction data is handled and protected in accordance with PCI DSS and that administrative, technical, and physical safeguards are used to protect personal information. |
| Support | BitPay directs users to its Support Center and offers assistance through the BitBot support interface. | The site says customers can contact in-house support and success teams by phone or online. |
| What it does | BitPay provides crypto payment acceptance, payouts, invoicing, settlement and self-custody wallet tools for businesses and individuals. | Payment Depot provides payment processing for businesses through in-person, online, mobile, and invoicing options. |
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
Payment Depot
- Terminal protection plan$19 a month
- Payment Depot subscriptionPriced 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.
Payment Depot
Payment Depot has no write-up on Specifiction yet; its figures are above.