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BitPay alternative: Crypto Merchant vs BitPay (2026)

BitPay verifies every merchant (KYB), with ID for each owner of 25% or more, business registration and a tax ID, and settles to your bank or in crypto every business day. Crypto Merchant doesn't ask for identity documents when you create an account and pays out in crypto only, which suits freelancers and small businesses without a registered company or tax ID to show. If you need bank settlement or a Shopify plugin, BitPay fits better.

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 BitPay?

BitPay is a full processor with bank settlement and plugins, behind mandatory business verification. Crypto Merchant is a crypto-only service you can sign up for without documents.

FeatureCrypto MerchantBitPay
Payment fee1% of each paid invoice, in the coin paid, deducted when it's credited. Expired or cancelled invoices cost nothing.“1-2% + 25¢ per transaction”, charged on each paid invoice. From BitPay's support page as shown in search results; re-check.[1]
Monthly and setup feesNone, and no setup fee. Going live takes a one-time $25 payment, credited in full to your gas balance for network fees. It isn't refunded as cash.Not confirmed.
ConversionOptional: swap everything into one holding coin. The rate is the live market price and includes a service margin.Settles in fiat or crypto. Settlement fees not confirmed.[3]
Payouts and withdrawalsAny time, no minimum, no Crypto Merchant payout fee: network fee only. Each coin to its own address, or swapped into one holding coin first.Automatic settlement every business day; crypto settlements forwarded daily. Minimums include $20 by ACH, $10,000 by non-US wire and 200 USDT. A Payouts API exists.[3][7]
KYC or KYB to sign upEmail, name and business name. We don't ask for identity documents when you create an account.Mandatory KYB: ID for every owner with 25% or more, government business registration, proof of tax ID, and a live website with pricing and terms. Higher tiers need 3 months of bank statements.[2]
CustodyCustodial. 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.Processor: BitPay receives the payment and settles to you.[3]
Coins and networks11 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).Docs list BTC, BCH, ETH, LTC, XRP, DOGE, USDC, DAI and others; coins vary by location. A support-page search snippet says USDT and USDC are accepted, including on Solana and Polygon (re-check). USDT on Tron not confirmed.[5][6]
Country limitsAnyone, in any country, can sign up. The Terms prohibit illegal goods, fraud and sanctions evasion.Checkout must block OFAC countries (Iran, Cuba, North Korea, Syria). bitpay.com was blocked from Pakistan when we checked.[2][8]
E-commerce pluginsNone: no WooCommerce, Shopify or WHMCS plugin. Use payment links, the hosted checkout or the API.Shopify, WooCommerce, Magento 2, WHMCS, Wix and BigCommerce.[4]
Fiat (bank) settlementNo. Crypto only: payouts go to crypto addresses.Yes: USD, EUR, GBP, AUD, CAD, MXN, NZD and CHF.[3]
API and webhooksREST API with Bearer keys for invoices, payment links, balances and coins. Webhooks signed with HMAC-SHA256, retried for about two days.Invoices API, Payouts API and libraries. Webhooks not confirmed.[7]
Payment linksYes: fixed-price or pay-what-you-want links, a hosted checkout page and invoices.Not confirmed. There is a hosted donation page.[7]
Every Crypto Merchant cost is on the pricing page, and every API field in the API reference.

Sources

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

  1. [1]Support: what fees will I pay: https://support.bitpay.com/hc/en-us/articles/203324073-What-fees-will-I-pay-to-use-BitPay-for-payment-processing (search-engine snippet only: the page blocked our check, so re-check it in a browser)
  2. [2]Developer docs: compliance: https://developer.bitpay.com/docs/compliance
  3. [3]Developer docs: settlement: https://developer.bitpay.com/docs/settlement
  4. [4]Developer docs: plugins: https://developer.bitpay.com/docs/plugins.md
  5. [5]API reference: supported wallets: https://developer.bitpay.com/reference/retrieve-the-supported-wallets.md
  6. [6]Support: which cryptocurrencies can I use: https://support.bitpay.com/hc/en-us/articles/203411543-What-cryptocurrencies-can-I-use-to-pay-a-BitPay-Invoice (search-engine snippet only: the page blocked our check, so re-check it in a browser)
  7. [7]Developer docs overview: https://developer.bitpay.com/llms.txt
  8. [8]Pricing, blocked from Pakistan when checked: https://www.bitpay.com/pricing

When is BitPay the better choice?

BitPay is the better choice if you need money in a bank account, a plugin for a major store platform, or a processor that verifies every merchant.

  • You need bank settlement in USD, EUR, GBP, AUD, CAD, MXN, NZD or CHF. Crypto Merchant pays out in crypto only.
  • You sell on Shopify, WooCommerce, Magento, BigCommerce, Wix or WHMCS and want a plugin.
  • Your partners or bank expect a processor that verifies merchants and screens large purchases: BitPay runs KYB, and shoppers paying over $3,000 make a one-time ID check.
  • 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 you can't or don't want to go through business verification, or you want to keep your earnings in crypto.

  • You don't have, or don't want to send, business registration, a tax ID and owner ID. We don't ask for identity documents when you create an account.
  • You want to start without paperwork: sign up, make the one-time $25 go-live payment and take payments.
  • Your customers pay USDT on Tron, which Crypto Merchant accepts; BitPay's support for it isn't confirmed.
  • You take many small payments: 1% of each paid invoice and no fixed amount, where BitPay's fee, as shown in search results, adds 25¢ per transaction.
  • Your customers shouldn't need ID: our checkout doesn't ask them for it, whatever the amount.

How do I switch from BitPay to Crypto Merchant?

Sign up, go live with one payment, 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. 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. 2

    Go live

    Turn on the coins and networks you want, then make the one-time $25 go-live payment in any coin. It's credited in full to your gas balance, which pays network fees, and isn't refunded as cash if you close the account.

  3. 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. 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. 5

    Wind down BitPay

    Keep BitPay running until its open invoices are paid or expired and its last settlement has reached you, then remove its plugin or API calls.

Frequently asked questions

How much does BitPay charge?
BitPay's support page, as shown in search results, says 1–2% plus 25 cents per transaction, charged on each paid invoice. The page was blocked when we tried to open it, so check it yourself. Crypto Merchant charges 1% of each paid invoice with no fixed amount per payment.
Does BitPay require KYC?
Yes. BitPay requires business verification: ID for every owner with a stake of 25% or more, government business registration, proof of tax ID and a live website with pricing and terms, plus bank statements at higher tiers. Shoppers paying over $3,000 also need a one-time BitPay ID check.
Is there a BitPay alternative without business verification?
Crypto Merchant doesn't ask for identity documents when you create an account, and anyone, in any country, can sign up. The trade-offs: it's custodial, it pays out in crypto only, and it has no plugins.
Can BitPay pay out to my bank?
Yes, in USD, EUR, GBP, AUD, CAD, MXN, NZD and CHF, every business day, with minimums such as $20 by ACH and $10,000 by non-US wire. Crypto Merchant can't: it pays out in crypto only.

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