BitPay vs PaySimple
BitPay
bitpay.comPaySimple
paysimple.comSide by side
| Figure | BitPay | PaySimple |
|---|---|---|
| Price from | $1.53/mo | $49.95/mo |
| Free plan | Yes | — |
| Free trial | — | Yes |
| Open source | Yes | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 8 | 5 |
| Spec score · Payment Processing Software | 9.5 (#1) | 8.7 (#13) |
| Company facts | LinkedIn lists BitPay as privately held, founded in 2011, headquartered in Atlanta and employing 51–200 people. | LinkedIn lists PaySimple as founded in 2006, headquartered in Denver, Colorado, with 51–200 employees. |
| Founded | 2011 | 2006 |
| Funding | LinkedIn says BitPay raised more than $70 million from investors including Index Ventures, Aquiline, Menlo Ventures, Founders Fund and Richard Branson. | Crunchbase lists five funding rounds and identifies PSG Equity as an investor, while amounts are obscured. |
| Headquarters | Atlanta, Georgia, United States | Denver, Colorado, United States |
| Integrations | BitPay lists integrations and plugins for Shopify, WooCommerce, Magento, BigCommerce, and other ecommerce platforms. | PaySimple offers RESTful APIs, hosted checkout solutions, and webhook callbacks for software integrations. |
| Online checkout | Merchants can accept crypto through hosted checkout, payment buttons, invoices or integrations for Shopify, WooCommerce, Magento and BigCommerce. | Businesses can accept online payments with a digital storefront, payment forms, and embeddable checkout. |
| Rating on Apple App Store | 4.3 out of 5 from 3.7K ratings. | 4.5 out of 5 from 2 ratings |
| Rating on Capterra | 4.4 out of 5 from 17 reviews. | 4.5 out of 5 from 298 reviews |
| Rating on G2 | 4.0 out of 5 from 21 reviews. | 4.3 out of 5 from 79 reviews |
| Rating on GetApp | 4.4 out of 5 from 17 reviews. | 4.5 out of 5 from 298 reviews |
| Rating on Google Play | 4.0 out of 5 from 13.7K reviews. | 3.7 out of 5 from 57 reviews |
| Security | BitPay's Trust Center lists SOC 3, SOC 1 Type 2, SOC 2 Type 2, NY DFS cybersecurity requirements, and DORA information. | PaySimple says it is a Level 1 PCI DSS service provider, encrypts account information and restricts APIs to authorized HTTPS/TLS requests. |
| Support | BitPay directs users to its Support Center and offers assistance through the BitBot support interface. | PaySimple lists customer support by email and a self-service Help Center, with support hours of 9 a.m. to 6 p.m. Eastern Time Monday through Friday. |
| What it does | BitPay provides crypto payment acceptance, payouts, invoicing, settlement and self-custody wallet tools for businesses and individuals. | PaySimple provides payment processing, billing, invoicing and customer-management software for service businesses. |
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
PaySimple
- PaySimple solution$49.95 a month
- Basic$69.95 a month
- PaySimple platform$79.95 a month
- ACH/eCheck processingPriced on request
- Credit/debit card 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.