BitPay vs Paystack
BitPay
bitpay.comPaystack
paystack.comSide by side
| Figure | BitPay | Paystack |
|---|---|---|
| Price from | $1.53/mo | 1 NGN/mo |
| 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 | 10 |
| Spec score · Payment Processing Software | 9.5 (#1) | 8.8 (#11) |
| API | The REST API covers invoices, refunds, bills, exchange rates and ledgers, with signed BitAuth requests using secp256k1 identities. | The public API is RESTful and JSON-based, uses HTTPS, and provides separate test and live keys. |
| Headquarters | Atlanta, Georgia, United States | Lagos, Nigeria |
| Integrations | BitPay lists integrations and plugins for Shopify, WooCommerce, Magento, BigCommerce, and other ecommerce platforms. | Paystack advertises more than 50 integrations spanning ecommerce, accounting, invoicing and CRM platforms. |
| Licence | The BitPay wallet is open source and maintained by BitPay; public BitPay repositories include MIT-licensed wallet and client components. | The Paystack platform is proprietary; separate PaystackOSS client libraries such as paystack-python are released under MIT. |
| Rating on Capterra | 4.4 out of 5 from 17 reviews. | 4.4 out of 5 from 17 reviews |
| Rating on G2 | 4.0 out of 5 from 21 reviews. | 4.1 out of 5 from 9 reviews |
| Rating on Google Play | 4.0 out of 5 from 13.7K reviews. | 3.6 out of 5 from 883 reviews |
| Rating on Trustpilot | 1.2 out of 5 from 299 reviews. | 1.5 out of 5 from 249 reviews |
| SDKs | BitPay publishes server-side libraries distributed through Composer, Maven, NuGet and npm, including Java, C#, PHP, Node and related tooling. | Official developer tools include InlineJS plus Android, iOS, Flutter, Node and Python libraries. |
| Security | BitPay's Trust Center lists SOC 3, SOC 1 Type 2, SOC 2 Type 2, NY DFS cybersecurity requirements, and DORA information. | Paystack states it is PCI DSS Level 1 certified and ISO 27001:2022 certified. |
| Settlement | Merchants can settle in fiat, crypto or a combination, with fiat deposited to bank accounts in supported countries. | The pricing page says automatic settlement is free and generally reaches the merchant's bank account the next working day (T+1). |
| Support | BitPay directs users to its Support Center and offers assistance through the BitBot support interface. | Paystack says its Customer Success team is available around the clock. |
| What it does | BitPay provides crypto payment acceptance, payouts, invoicing, settlement and self-custody wallet tools for businesses and individuals. | Paystack is a payment service provider for African businesses supporting online and in-person payments. |
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
Paystack
- AccountFree
- Paystack transaction pricing (Nigeria)Free
- Dedicated virtual accounts1 NGN a month
- Nigeria local transactions1.51 NGN a month
- Nigeria international transactions3.91 NGN a month
- Nigeria transfers up to NGN 5,00010 NGN a month
- Nigeria transfers NGN 5,001–50,00025 NGN a month
- Nigeria transfers above NGN 50,00050 NGN a month
- Test SmartPeak P1000 terminal85,000 NGN, paid once
- Live SmartPeak P1000 terminal100,000 NGN, paid once
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.
Paystack
Paystack helps businesses in Africa accept online and in-person payments from customers around the world. Listed channels include cards, bank accounts and transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money. Its APIs support one-time and recurring payments through an app or website, instant transfers, and customer identity verification. The dashboard provides reporting, alerts, exports, transaction reports, customer search, and purchase insights. Listed integrations include WooCommerce, Shopify, Chargebee, Zapier, Wix, and Xero; developer materials include an API and SDKs for Android, iOS, and Flutter. Paystack says its automated and manual fraud systems help protect against fraudulent transactions and related chargeback claims. It states that it is PCI DSS Level 1, ISO 27001:2022, and ISO 27701 certified. The pricing page lists no subscription, integration, or maintenance fee, but transaction fees apply. In Nigeria, local transactions cost 1.5% plus NGN 100; that NGN 100 is waived under NGN 2,500, with local fees capped at NGN 2,000. Automatic settlement is free and generally reaches the merchant's bank account the next working day.