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CoinPayments alternative: Crypto Merchant vs CoinPayments (2026)

CoinPayments charges from 0.5% per payment for coins and 1% for tokens such as USDT, plus the network fee, and every merchant completes verification (KYB for companies) before going live, which it says takes under a week. Crypto Merchant charges 1% per paid invoice, asks for no identity documents when you create an account, and your account is live as soon as setup is done. CoinPayments is the better choice if you want fiat paid to your bank, a plugin for your store, or 40+ coins. Crypto Merchant fits a new or small business that wants to start quickly and is happy to be paid in crypto.

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 CoinPayments?

CoinPayments is bigger: more coins, bank payouts, 31 plugins and a US entity. It also verifies every merchant and charges 1% for tokens. Crypto Merchant asks for no documents, charges 1% on everything, and has no plugins or bank payouts.

FeatureCrypto MerchantCoinPayments
Payment fee1% of each paid invoice, in the coin paid, deducted when it's credited. Expired or cancelled invoices cost nothing.“Starting at” 0.5% for coins such as BTC, ETH and SOL; 1% for tokens; plus the network fee. Rates “may” be adjusted for high-risk industries.[1]
Monthly and setup feesNone, and no setup fee. There is no payment to go live: an account is live as soon as setup is done.Not confirmed.
ConversionOptional: swap everything into one holding coin. The rate is the live market price and includes a 1% service margin.“Conversion Partner Fee + Network Fee”; the amount isn't stated.[1]
Payouts and withdrawalsAny time, no minimum, with a gas fee per payout. Each coin to its own address, or swapped into one holding coin first.No CoinPayments withdrawal fee beyond the network fee. Automatic payouts, mass withdrawals by CSV, and payouts to an exchange address. Deposits to personal wallets are free up to $15,000 a month, then 0.5%.[1][3][6]
KYC or KYB to sign upEmail, name and business name. We don't ask for identity documents when you create an account.Mandatory: “standard Know Your Customer (KYB) business verification”; for companies, every director and beneficial owner passes KYC. Volume tiers at $20,000, $100,000 and $1 million lifetime.[3][4]
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.Custodial. Funds “held in segregated custody”; wallet services by PaidInSatoshi Inc. (Panama) and Centauri Pay LLC (US).[3][6]
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).“40+ cryptocurrencies” on the homepage; its coins page says 35+ with wallets and 100+ for payments. USDT on Tron confirmed; USDT on other networks not confirmed. BTC, ETH, TRX, XRP, BNB, USDC and SOL named.[3][2]
Country limitsAnyone, in any country, can sign up. The Terms prohibit illegal goods, fraud and sanctions evasion.Unavailable in 15 countries, including Afghanistan, Belarus, Cuba, Iran, Myanmar, North Korea, Russia, Syria and Venezuela. The US is served through Centauri Pay LLC.[5][3]
E-commerce pluginsNone: no WooCommerce, Shopify or WHMCS plugin. Use payment links, the hosted checkout or the API.31 cart plugins, including WooCommerce, WHMCS, Magento, PrestaShop, OpenCart, BigCommerce and Ecwid.[3][7]
Fiat (bank) settlementNo. Crypto only: payouts go to crypto addresses.Yes: payouts “via SWIFT, ACH, SEPA or Faster Payments”, and conversion to stablecoins.[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.API, hosted checkout and plugins. Webhook details not confirmed on the pages we checked.[3]
Payment linksYes: fixed-price or pay-what-you-want links, a hosted checkout page and invoices.Hosted checkout and donation buttons. Payment links not confirmed.[3]
Every Crypto Merchant cost is on the pricing page, and every API field in the API reference.

Sources

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

  1. [1]Fees: https://www.coinpayments.net/v2-fees
  2. [2]Supported coins: https://www.coinpayments.net/supported-coins
  3. [3]Homepage: https://www.coinpayments.net/
  4. [4]Blog: KYB verification guide (updated 20 September 2024): https://blog.coinpayments.net/tutorials/kyb-guide-verification-business
  5. [5]Compliance: https://www.coinpayments.net/compliance
  6. [6]FAQ: https://www.coinpayments.net/resources/faq
  7. [7]Merchant tools and plugins: https://www.coinpayments.net/merchant-tools-plugins

When is CoinPayments the better choice?

CoinPayments is the better choice if you want fiat in your bank account, a plugin for your store, or a long-established processor.

  • You want payouts in fiat: CoinPayments pays out via SWIFT, ACH, SEPA or Faster Payments. Crypto Merchant pays out in crypto only.
  • You use WooCommerce, WHMCS, Magento, PrestaShop, OpenCart or one of its other 31 plugins. Crypto Merchant has none.
  • You need more coins than our 11: CoinPayments lists 40+ (or 100+ for payments, by its own count).
  • You take coins such as BTC, ETH or SOL and want its 0.5% rate on them. Tokens such as USDT cost 1% there; compare that with our 1%.
  • 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 want to start without paperwork, pay one rate on every coin, and be paid in crypto.

  • You don't have a registered company, or don't want every director and owner to pass KYC before you can take payments. We ask for an email, a name and a business name.
  • You want one published rate: 1% on every paid invoice, in the coin paid, with no high-risk adjustment and no separate token rate.
  • Your customers pay USDT or USDC on networks CoinPayments doesn't confirm, such as Polygon, Arbitrum One, Base or Solana.
  • You want documented webhooks (HMAC-SHA256, retried for about two days) and payouts any time, with no minimum.

How do I switch from CoinPayments 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. 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

    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. 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 CoinPayments

    Keep your CoinPayments account until open payments have settled and you've withdrawn or paid out your balance, then remove its plugin or API calls from your store.

Frequently asked questions

How much does CoinPayments charge?
“Starting at” 0.5% per payment for coins such as BTC, ETH and SOL, and 1% for tokens, plus the network fee, according to its fees page. ASAP settlement adds a network fee per payment; nightly batches share one. Fees “may” be adjusted for high-risk industries. Monthly fees and the conversion fee amount weren't stated.
Does CoinPayments require KYC?
Yes. Its homepage says every business completes “standard Know Your Customer (KYB) business verification”, and its guide says all users complete basic verification, with KYB for companies and KYC for every director and beneficial owner. Crypto Merchant doesn't ask for identity documents when you create an account.
Is CoinPayments custodial?
Yes. Funds are “held in segregated custody”, with custodial wallet services provided by PaidInSatoshi Inc. in Panama and Centauri Pay LLC in the US. Crypto Merchant is custodial too.
Does CoinPayments accept USDT on Tron?
Yes, its supported-coins page lists Tether USD on Tron (TRC20). USDT on Ethereum, BNB Smart Chain, Solana or TON wasn't confirmed on the pages we checked. Crypto Merchant accepts USDT on six networks, including Tron.

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