KuCoin Pay vs NOWPayments

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.

NOWPayments lets businesses accept cryptocurrency payments on websites, online stores, and social media accounts. Its homepage says the gateway supports 350+ crypto coins and 75+ fiat coins. Payment options include invoices, subscriptions, buttons, donations, point of sale, widgets, plugins, and a white-label option. The API supports instant payment notifications and allows one order to be paid with multiple cryptocurrencies. Named ecommerce integrations include WooCommerce, WHMCS, Magento 2, OpenCart, Zen Cart, PrestaShop, and Ecwid. NOWPayments describes its service as non-custodial and says it does not hold or store customer funds. Received crypto can be converted automatically into a chosen cryptocurrency using ChangeNOW. Account security controls include two-factor authentication, role-based access, and withdrawal whitelisting. The company presents the service for businesses including ecommerce, gaming, SaaS, marketplaces, charities, payroll, and travel. It advertises 24/7 support. NOWPayments was founded in 2019 by the team behind ChangeNOW and identifies FD Transfers LLC as its operator. The listed standard payment processing plan is free; blockchain network fees are excluded, and enterprise pricing is available on request.