BitPay vs. CoinPayments
When it comes to payment processing technology, there are many options available. Two popular options are BitPay and CoinPayments. Here's a comparison between the two to help you decide which one is right for you.
Fees
One of the most important factors to consider when choosing a payment processor is the fees. BitPay charges a 1% transaction fee while CoinPayments charges a flat 0.5% fee for all transactions. However, CoinPayments does charge an additional 0.5% fee for withdrawing funds to a bank account.
Winner: CoinPayments
Supported Cryptocurrencies
BitPay supports a limited number of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and four stablecoins. On the other hand, CoinPayments supports over 1,900 cryptocurrencies, making it the clear winner in terms of crypto support.
Winner: CoinPayments
User Interface
Both BitPay and CoinPayments offer user-friendly interfaces, but BitPay has a more polished look and feel. It also offers a mobile app for convenient access to your account. However, CoinPayments allows you to customize the look and feel of the payment buttons and checkout page.
Winner: BitPay
Security
Both BitPay and CoinPayments prioritize security and use industry-standard security measures like two-factor authentication and SSL encryption. BitPay also offers insurance protection for its users.
Winner: Tie
Customer Support
BitPay has a robust customer support system, offering phone, email, and live chat support. CoinPayments also offers support via email and social media, but it doesn't have a phone support option.
Winner: BitPay
Summary
Overall, when it comes to fees and cryptocurrency support, CoinPayments has a clear advantage. However, BitPay wins in terms of user interface and customer support. Ultimately, the decision between BitPay and CoinPayments will come down to what matters most to you and your business.