Alternatives

Binance Pay alternative: Crypto Merchant vs Binance Pay (2026)

Binance Pay is an off-chain payment method: your customers pay from their Binance app, so there are no network fees, and the money lands in your business's Binance account after KYB verification and a signed agreement. Its standard merchant fee isn't published; the Mini Program tiers are 1%, plus a $1,000 monthly minimum below $90,000 a quarter, and payouts cost 0.8%, capped at $5. Crypto Merchant charges 1% on payments sent on-chain from any wallet, asks for no documents to sign up, and has no monthly minimum. Binance Pay suits merchants whose customers already use Binance; Crypto Merchant suits those who want to accept any wallet.

Last checked: 29 October 2026

Crypto Merchant wrote this comparison, and we're not affiliated with any gateway named here. Every competitor fact comes from the vendor's own pages, linked under the table. Prices and terms change, so check them before you decide.

How does Crypto Merchant compare with Binance Pay?

Binance Pay reaches Binance's users with zero network fees and 100+ assets, but you need a verified company account and your customers need Binance. Crypto Merchant takes on-chain payments from any wallet and asks for no documents.

Feature	Crypto Merchant	Binance Pay
Payment fee	1% of each paid invoice, in the coin paid, deducted when it's credited. Expired or cancelled invoices cost nothing.	Not public for standard merchants (“Lower transaction fees”). Mini Program merchants: 1%, plus a $1,000 minimum monthly fee below $90,000 a quarter.^[1],[3]
Monthly and setup fees	None, and no setup fee. There is no payment to go live: an account is live as soon as setup is done.	$1,000 minimum monthly fee for Mini Program merchants below $90,000 a quarter. Standard merchants: not confirmed.^[1]
Conversion	Optional: swap everything into one holding coin. The rate is the live market price and includes a 1% service margin.	Not confirmed.
Payouts and withdrawals	Any time, no minimum, with a gas fee per payout. Each coin to its own address, or swapped into one holding coin first.	Binance Payout: 0.8% of the amount, capped at $5. Mass payouts to Binance IDs or emails, “including non-Binance users”.^[1],[2]
KYC or KYB to sign up	Email, name and business name. We don't ask for identity documents when you create an account.	Mandatory: an entity Binance account (KYB), a company website and a signed agreement before the API integration.^[2],[3]
Custody	Custodial. We hold the keys; every wallet comes from one recovery phrase kept offline on paper. Payments collect in a pool wallet dedicated to your business.	Custodial: funds settle in your Binance account, off-chain, in crypto or stablecoins.^[2]
Coins and networks	11 coins on 11 networks. USDT on Ethereum, BNB Smart Chain, Polygon, Arbitrum One, Tron and Solana. USDC on Ethereum, BNB Smart Chain, Polygon, Base, Arbitrum One and Solana. Plus BTC, ETH, LTC, SOL, XRP, BNB, TRX, POL and GRAM (TON).	“100+ digital assets”, including USDC, USDT, BNB, BTC and ETH. Off-chain, so network choice doesn't apply; payers need a Binance Pay wallet.^[2],[3]
Country limits	Anyone, in any country, can sign up. The Terms prohibit illegal goods, fraud and sanctions evasion.	“May not be supported in selected geographical territories and industries”. Unauthorised stablecoins are restricted for EEA users under MiCA.^[3],[1]
E-commerce plugins	None: no WooCommerce, Shopify or WHMCS plugin. Use payment links, the hosted checkout or the API.	Not confirmed: Binance lists QR codes, app integration and an API, but no WooCommerce or Shopify plugin on the pages we checked.^[2]
Fiat (bank) settlement	No. Crypto only: payouts go to crypto addresses.	Not confirmed. Settlement is in crypto or stablecoins.^[2]
API and webhooks	REST API with Bearer keys for invoices, payment links, balances and coins. Webhooks signed with HMAC-SHA256, retried for about two days.	API, plus direct debit and pre-authorisation. Webhook details not confirmed on the pages we checked.^[2]
Payment links	Yes: fixed-price or pay-what-you-want links, a hosted checkout page and invoices.	Yes: payment links, static and dynamic QR codes, and invoicing.^[2]

Every Crypto Merchant cost is on the pricing page, and every API field in the API reference.

Sources

Every Binance Pay fact in the table comes from these pages, checked 29 October 2026. “Not confirmed” means none of them stated it.

[1]Support: Binance Pay fees (Merchants tab, updated 2 January 2026): https://www.binance.com/en/support/faq/binance-pay-fees-6ff1944867e54b9a9576bce3109c7f7a
[2]Binance Pay for merchants: https://merchant.binance.com/en
[3]How to accept USDT with Binance Pay: https://merchant.binance.com/en/how-to-accept/USDT

When is Binance Pay the better choice?

Binance Pay is the better choice if your customers already hold funds on Binance, or you need zero network fees and 100+ assets.

Your customers use Binance: they pay from the app in a tap, with no network fee for either side. Crypto Merchant's payments are on-chain, and the customer pays the sending fee.
You accept coins we don't have: Binance Pay supports 100+ assets; Crypto Merchant 11.
You need in-store payments with QR codes, direct debit or pre-authorisation.
You're a registered company with volume: the Mini Program tiers are 1%, and Binance's payout fee is capped at $5.
You want a provider with a track record and reviews. Crypto Merchant launched on 28 October 2026 and has neither yet.

When does Crypto Merchant fit better?

Crypto Merchant fits better if your customers don't all use Binance, you have no registered company, or you want published prices.

Your customers pay from any wallet or exchange, on Ethereum, Tron, Solana, BNB Smart Chain, Polygon, Arbitrum One or Base. Binance Pay only takes payments from Binance Pay wallets.
You're new or small: no company documents, no signed agreement and no $1,000 monthly minimum. Sign up with an email, a name and a business name; your account is live as soon as setup is done.
You want the price up front: 1% per paid invoice, no monthly fee, and every cost on the pricing page.
You want your payouts to go to any crypto address you choose, rather than into an exchange account.

How do I switch from Binance Pay to Crypto Merchant?

Sign up, finish setup, then point your checkout and webhooks at Crypto Merchant. There's no plugin to install: you use payment links, the hosted checkout or the API.

1
Create an account
Sign up with your email, your name and your business name. We don't ask for identity documents when you create an account.
2
Choose your coins
Turn on the coins and networks you want. There is no payment to go live: your account is live as soon as setup is done.
3
Start taking payments
Share your checkout page, create payment links or invoices in the portal, or create invoices from your site with the API.
4
Point your webhooks
Add your server's HTTPS address under Developers, check the CM-Signature header on every event, and fulfil orders on invoice.paid. Webhooks has the details.
5
Wind down Binance Pay
Keep the Binance Pay option until pending orders are settled, pay out your Binance balance, then remove its QR codes or API calls from your checkout.

Frequently asked questions

How much does Binance Pay charge merchants?

Its standard checkout fee isn't published; Binance's fee page gives rates only for Mini Program merchants: 1% per transaction, plus a $1,000 minimum monthly fee if volume is below $90,000 a quarter. Payouts through Binance Payout cost 0.8% of the amount, capped at $5. Customers and merchants pay no gas fees because payments are off-chain.

Does Binance Pay require KYB?

Yes. Merchants need an entity (business) Binance account that has passed KYB, a company website and a signed agreement before integrating. Crypto Merchant asks for an email, a name and a business name, and no identity documents when you create an account.

Can my customers pay with Binance Pay from any wallet?

No. Binance Pay is off-chain: payers need a Binance Pay wallet. Crypto Merchant payments are on-chain, so customers can pay from any wallet or exchange on the networks we support.

Is Binance Pay custodial?

Yes: payments settle into your business's Binance account, which Binance holds. Crypto Merchant is custodial too, but pays out to any crypto address you choose.

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