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NOWPayments VS CoinGate Crypto Payment Processor

Compare NOWPayments VS CoinGate Crypto Payment Processor and see what are their differences

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NOWPayments logo NOWPayments

NOWPayments is a crypto payment gateway that supports more than 300 cryptocurrencies, including fiat, and offers simple tools to accept crypto payments, like a crypto payments API, plugins, invoices.

CoinGate Crypto Payment Processor logo CoinGate Crypto Payment Processor

Accept Bitcoin and other crypto payments for your business
  • NOWPayments Landing page
    Landing page //
    2023-07-09

NOWPayments is a crypto payment gateway that lets all types of businesses accept payments in 300+ cryptocurrencies, with auto coin conversion and fiat conversion available.

Pricing: 0,5% transaction fee + 0,5% exchange fee if exchange is needed. The platform also supports fiat conversion: allowing users to pay in fiat currencies, and merchants to accept crypto, and vice versa.

NOWPayments offers tools for accepting payments: - API - Invoices - Billing (recurring payments) - E-commerce plugins - Web-based point-of-sale for physical stores

NOWPayments also has donation tools: - Donation button (customizable) - Donation widget - Customizable donation link - Donation button for Twitch streamers

NOWPayments has a solution for payouts: mass payouts + custody if needed

NOWPayments has developed a special custody solution: allowing merchants to create and manage deposit accounts for their customers

NOWPayments offers customized solutions for different industries: - Gaming - Gambling - Trading Platforms - Adult Industry - PSP - E-commerce T- oken Generation Events - and we can develop custom solutions for your needs.

Benefits - 250+ assets available for cross-chain payments (converted automatically) - and more coming - Listing requests accepted - Instant settlements - Fixed rate - Low fees - Micropayments possible - Fiat on/off ramp possible - Customizable solutions for industries - 24/7 support - Personal Account managers - Non-custodial and custodial flows available - Part of a bigger NOW ecosystem: ChangeNOW exchange service, NOWNodes, NOW Wallet, etc - Marketing support

NOWPayments is a non-custodial payment gateway, which means that all your payments will be instantly transferred to your own wallet that only you can have access to.

  • CoinGate Crypto Payment Processor Landing page
    Landing page //
    2023-06-14

NOWPayments features and specs

  • Wide Range of Supported Cryptocurrencies
    NOWPayments supports over 50 cryptocurrencies, allowing merchants and users to transact using their preferred digital assets.
  • Merchant Tools and Plugins
    NOWPayments offers a variety of integrations including APIs, an invoicing system, and plugins for popular e-commerce platforms like WooCommerce, Magento, and Shopify.
  • Non-Custodial Service
    Funds go directly to the merchant's wallet, ensuring greater security and reducing the risk associated with centralized platforms.
  • Low Fees
    The platform offers competitive transaction fees starting at 0.5%, making it an affordable choice for businesses.
  • Auto Coin Conversion
    Merchants can automatically convert received cryptocurrencies into a more stable asset or their preferred cryptocurrency.

Possible disadvantages of NOWPayments

  • Customer Support
    Although generally reliable, some users have reported delays in customer support response times during peak periods.
  • Regulatory Uncertainty
    As with any cryptocurrency service, the platform operates in a regulatory gray area in some jurisdictions, which could lead to potential compliance challenges.
  • Dependency on Cryptocurrency Volatility
    The value of cryptocurrencies can be highly volatile, posing risks for both merchants and customers in terms of transaction value fluctuations.
  • Relatively New Service
    As a relatively new player in the market, the platform may lack the extensive track record and reliability compared to more established providers.

CoinGate Crypto Payment Processor features and specs

  • Wide Cryptocurrency Support
    CoinGate supports a variety of cryptocurrencies, allowing merchants to accept payments in Bitcoin, Ethereum, Litecoin, and many other digital assets, providing flexibility and accessibility for users.
  • User-Friendly Interface
    The platform offers a simple and intuitive interface, making it easy for merchants to integrate and manage cryptocurrency payments without needing extensive technical knowledge.
  • Integration Options
    CoinGate offers multiple integration methods, including plugins for popular e-commerce platforms like Shopify and Magento, as well as APIs for custom solutions, enhancing adaptability to various business types.
  • Instant Payment Confirmation
    The system provides quick payment confirmations, reducing the waiting time for merchants to receive funds and enhancing the customer experience.
  • Multi-Platform Support
    CoinGate's service is compatible with multiple devices, including mobile platforms, ensuring that businesses can manage transactions conveniently from various devices.

Possible disadvantages of CoinGate Crypto Payment Processor

  • Transaction Fees
    CoinGate applies transaction fees to each payment processed, which may be higher compared to some competitors, potentially impacting the profit margin for some businesses.
  • Fiat Currency Conversion
    While CoinGate does offer fiat conversion services, the availability may be limited to certain currencies or regions, possibly complicating operations for global businesses.
  • Regulatory Compliance
    Businesses using CoinGate must ensure they comply with local cryptocurrency regulations, which can be complex and vary significantly between jurisdictions, potentially adding an administrative burden.
  • Volatility Risk
    Accepting cryptocurrency payments exposes merchants to the volatility of digital assets, which can affect the value of transactions if not immediately converted to fiat currency.

NOWPayments videos

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What is NOWPayments

More videos:

  • Review - What is NOWPayments? | Accept Crypto Payments | Crypto Merchant Processor | Process Crypto Payments
  • Tutorial - How to Setup NOWPayments Crypto Donation Button on Your Website (2021)

CoinGate Crypto Payment Processor videos

No CoinGate Crypto Payment Processor videos yet. You could help us improve this page by suggesting one.

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Category Popularity

0-100% (relative to NOWPayments and CoinGate Crypto Payment Processor)

NOWPayments

CoinGate Crypto Payment Processor

Cryptocurrencies
74 74%
Cryptocurrencies
26% 26
Crypto Payments
74 74%
Crypto Payments
26% 26
Online Payments
100 100%
Online Payments
0% 0
Crypto Payment Gateway
64 64%
Crypto Payment Gateway
36% 36

Questions and Answers

As answered by people managing NOWPayments and CoinGate Crypto Payment Processor.

What makes your product unique?

NOWPayments's answer

300+ currencies, cross-chain payments, fiat on-ramp and off-ramp. Multiple crypto payment tools, custom solutions for various industries.

Why should a person choose your product over its competitors?

NOWPayments's answer

  • lower fees
  • more currencies supported
  • 24/7 support
  • transparent fee system, no hidden fees
  • listing possibilities
  • custom features

How would you describe your primary audience?

NOWPayments's answer

Businesses and individuals that would like to accept crypto

Who are some of the biggest customers of your product?

NOWPayments's answer

For example, Travala crypto travel platform

User comments

Share your experience with using NOWPayments and CoinGate Crypto Payment Processor. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare NOWPayments and CoinGate Crypto Payment Processor

NOWPayments Reviews

Best Crypto Payment Gateways 2024
In the ever-evolving landscape of digital transactions, choosing the right payment gateway is paramount for businesses aiming to leverage the power of cryptocurrencies. As the market matures, demands for reliability, security, and efficiency have soared, making it imperative for businesses to align with the best-in-class solutions. Among the myriad of options available,...
Source: bitcoinist.com
9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]
NowPayments is a well-known crypto payment gateway established by ChangeNow, one of the top crypto swapping sites, in 2019. The platform offers low transaction fees and also offers non-custodial services for users who would like to have complete control over their funds. Businesses can easily integrate NOWPayments API to their platforms and benefit from its additional tools...
Source: coingape.com

CoinGate Crypto Payment Processor Reviews

We have no reviews of CoinGate Crypto Payment Processor yet.
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Social recommendations and mentions

Based on our record, NOWPayments should be more popular than CoinGate Crypto Payment Processor. It has been mentiond 67 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

NOWPayments mentions (67)

  • Want to accept crypto for my business, how to handle it best?
    I looked at this for my business as well, I ended up using crypto.com which to date nobody has used and https://nowpayments.io/ which many people have used. Source: over 1 year ago
  • Looking where to buy some hoge?
    Https://nowpayments.io/ Have a store and want to accept crypto such as HOGE? NowPayments has you covered. Source: almost 2 years ago
  • NowPayments.io adding PLS soon means PLS payments on: Shopify, WooCommerce, Brick & Mortar POS Terminals, Donation Websites, Casinos, Fiat On Ramps and much more!
    It's looking like PowerCity's PixelPark is trying to beat Mintra to market as the first major NFT Marketplace soon on PulseChain as they have partnered with NowPayments.io to handle their payment processing:. Source: almost 2 years ago
  • FOSS PayPal/Stripe?
    This is as close to foss as I can get my payment processing right now. I love it but it obviously limits the purchaser pool…. Source: almost 2 years ago
  • Launching a business website, Need to integrate Crypto payment options
    I have a buddy who uses https://nowpayments.io/ and likes it. Source: about 2 years ago
View more

CoinGate Crypto Payment Processor mentions (10)

  • How can a Registered Nurse who lives out of the country utilize Monero? I have a wallet and everything set up...just lost on where to begin
    Option 2: There are also solutions like https://coingate.com/accept or https://bitpay.com/business. These don't require any setting up but charge a fee (and don't support Monero). Maybe you could find something like this for Monero. Source: about 3 years ago
  • PAYMENT on Webshop.
    You could take a look at https://coingate.com/accept or https://nowpayments.io/ for this. Source: over 3 years ago
  • Need Suggestion for accepting payments in bitcoin
    One of such companies that process crypto payments are CoinGate. CoinGate automated payment gateway handles your client's payments every step, from creating an invoice to confirmation of payment to customer support. Your clients will be able to pay in bitcoin and 50+ cryptocurrencies of their choice, and you will be able to convert funds to EUR/USD or other cryptocurrencies. Source: over 3 years ago
  • Whats the best way to accept crypto as payment?
    Hello there, It is great to hear that you consider adding crypto as a payment method for your online store! We would suggest considering using the services of third-party crypto payment processors that will handle crypto payments for you, so you don't have to worry about how your clients will be able to pay you. You can easily integrate payment options such as API, payment buttons, or e-commerce plugins with your... Source: over 3 years ago
  • How would you take payment in crypto?
    You can read more about our services here : https://coingate.com/accept. Source: almost 4 years ago
View more

What are some alternatives?

When comparing NOWPayments and CoinGate Crypto Payment Processor, you can also consider the following products

CoinGate - CoinGate is a payment gateway for Bitcoin, XRP, Litecoin, Ethereum and 50 other cryptocurrencies.

Nebulox.io - Join the crypto revolution with Nebulox payment gateway. An easy to use, pioneering solution with the lowest fees for instant crypto asset acceptance.

Coinbase - Bitcoin, safe and easy.

BitPay - Bitcoin payment gateway. Enterprise-grade solutions, from the pioneer of bitcoin payments.

CoinPayments - Payment gateway providing buy now buttons, shopping carts, and more to accept Bitcoin, Litecoin, and other cryptocurrencies/altcoins on your website/online store.

BTCPay Server - A free and open source server for merchants wanting to accept Bitcoin for their business.

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