BitPay vs Pin Payments
BitPay
bitpay.comPin Payments
pinpayments.comSide by side
| Figure | BitPay | Pin Payments |
|---|---|---|
| Price from | $1.53/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | Yes | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 8 | 5 |
| Spec score · Payment Processing Software | 9.5 (#1) | 7.6 (#34) |
| API | The REST API covers invoices, refunds, bills, exchange rates and ledgers, with signed BitAuth requests using secp256k1 identities. | The API uses HTTPS and supports live and test environments; the test API does not create real charges or bank transfers. |
| Founded | 2011 | 2011 |
| Headquarters | Atlanta, Georgia, United States | Melbourne, Victoria, Australia |
| Integrations | BitPay lists integrations and plugins for Shopify, WooCommerce, Magento, BigCommerce, and other ecommerce platforms. | The integrations directory includes Shopify, WooCommerce, Adobe Commerce, Xero and Chargebee. |
| Security | BitPay's Trust Center lists SOC 3, SOC 1 Type 2, SOC 2 Type 2, NY DFS cybersecurity requirements, and DORA information. | Pin Payments says it is a PCI DSS Level 1 Service Provider and undergoes periodic internal and third-party security audits. |
| Settlement | Merchants can settle in fiat, crypto or a combination, with fiat deposited to bank accounts in supported countries. | The integrations page says merchants get paid with two business day settlement. |
| Support | BitPay directs users to its Support Center and offers assistance through the BitBot support interface. | Pin Payments offers support by email or phone through its Melbourne support team. |
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
Pin Payments
- Domestic transactions — domestic cardsA$1.63, paid once
- Domestic transactions — international cardsA$3.43, paid once
- Foreign currency transactions — AUD settlementA$3.43, paid once
- Foreign settlementA$3.93, paid once
- CustomPriced 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.
Pin Payments
Pin Payments has no write-up on Specifiction yet; its figures are above.