Coinbase Commerce is perhaps one of the most popular crypto payment gateways in the market today yet it is one of the most controversial choices for a payment gateway in the crypto community.
Operating on a centralized model and corporate mindset, Coinbase Commerce contradicts everything that cryptocurrency and blockchain stand namely decentralization, anonymity, and privacy.
With strict KYC regulations, custodial payments, and centralized payment processing, Coinbase Commerce pretty much operates like a bank.
There have been multiple instances of Coinbase freezing transactions and accounts leading to a lot of backlash from the crypto community.
Thankfully there are multiple alternatives to Coinbase Commerce in the market that give its users full control of their funds, along with anonymity and privacy.
Take a look at some of the top Coinbase Commerce alternatives that do not require KYC and allow privacy to its users.
Blockonomics
Blockonomics is a cryptocurrency payment gateway that offers support for Bitcoin [BTC] and Bitcoin Cash [BCH].
For BTC payments, it offers plugin integration for WordPress, Prestashop, WHMCS, Wix, Squarespace, OpenCart, and a Payment API for custom implementation.
Its additional services include a blockchain explorer, BTC invoice, and a Wallet Watcher
→ KYC: No
→ Non-custodial: Yes
→ Fee: First 20 transactions are free, after which it is 1% for every transaction
Pros:
- Direct-to-wallet
- 24X7 customer support
- Quick and easy setup
- Embedded payment widget [No redirects — same page payment]
- Secure and Private
Cons:
- No customization for plugins
- Limited altcoin support: BCH
- Technical knowledge needed for API integration
BTCPay Server
BTCPay Server is a self-hosted, open-source cryptocurrency payment processor.
For BTC payments, it offers plugin integration for WordPress, Prestashop, Magento, Drupal, Custom Integration, and API.
→ KYC: No
→ Non-custodial: Yes
→ Fee: 0%
Pros:
- Open Source
- Direct-to-wallet
- Altcoin Support [External setup]
- Secure and Private
Cons:
- Personalized support is paid
- Integration is technical and requires expertise
GoURL
GoURL is a 100% open-source cryptocurrency payment gateway that allows merchants to accept payments on their webstore.
They offer a WordPress Plugin and an API. For custom-made websites, GoURL offers API for various programming languages including PHP, JSON, C++, Java, etc.
→ KYC: No
→ Non-custodial: Yes
→ Fee: 1.5% for every transaction
Pros:
- 100% open source
- Direct-to-wallet
- Altcoin Support
- Free Support
- Usage statistics
- Easy Setup
- Customizable payment gateways
Cons:
- Limited plugin options [only WordPress and API support]
- Technical knowledge needed for API integration and/or customization
MyCryptoCheckout
MyCryptoCheckout is a crypto payment plugin designed for WordPress. It's a Peer-2-Peer gateway that allows merchants to receive payment directly to their wallets.
They support about 140+ altcoins in addition to bitcoin and boost a 0% transaction fee.
→ KYC: No
→ Non-custodial: Yes
→ Pricing:
- Free: 5 transactions per month
- Paid: $59/year — unlimited transactions
Pros:
- 140+ Altcoin support
- Easy Setup
- Fiat Autosetellments
- Embedded payment widget [No redirects — same page payment]
- Secure and Private
Cons:
- Only supports WordPress
- Limited Support
CoinRemitter
CoinRemitter is a Singapore global cryptocurrency payment processor/gateway service for online merchants who want to start accepting crypto coins as payment for their services or products.
In addition to their payment gateway, they offer a digital wallet, invoice generating, and coin swapping services.
Crypto payment plugins for eCommerce merchants are available for WordPress, Magento 2, Opencart, PrestaShop, Laravel, PHP, and REST APIs.
→ KYC: No
→ Non-custodial: No
→ Pricing:
- Free: 0.23% for crypto withdrawal
- Paid: $99.99/month + 0.23% for crypto withdrawal
Pros:
- Multiple plugin support
- Altcoin support: BCH, ETH, LTC, DOGE, TCN, DASH, USDT, BNB
- Secure and Private
Cons:
Electrum Merchants
Electrum Merchants is an open-source payment service offered by the popular bitcoin wallet Electrum.
It is a decentralized, noncustodial service that allows businesses complete anonymity and privacy. However, the integration requires technical knowledge.
→ KYC: No
→ Non-custodial: Yes
→ Pricing: Free
Pros:
- 0% fees
- Open Source
- Direct-To-Wallet
- Decentralized
- Segwit Support
Cons:
- Only works with Electrum Wallet
- Technical knowledge needed to set up
- No conversion to fiat support
Cashier BTC
Cashier-BTC is a self-hosted Node.js Bitcoin payment gateway. Provides REST API (microservice).
You can request payments [invoicing], check payments [whether the invoice is paid], receive callbacks if payment is made and aggregate funds on the final [aggregational] address.
→ KYC: No
→ Non-custodial: Yes
→ Pricing: Free
Pros:
- 0% fees
- Simple integration
- Direct-To-Wallet
- Decentralized
- Open Source
- Segwit Compatible
Cons:
- Technical knowledge needed for setup and maintenance
- Only allows BTC payments
- No Lightening Network support
- No conversion to fiat support
Plisio
Plisio is a fast, convenient, and secure crypto payment gateway that allows you to accept bitcoin payments on your website. It additionally provides support for 15+ cryptocurrencies.
Integration is provided for most major eCommerce platforms including Woocommerce, WHMCS, OpenCart, Magento, PrestaShop, VirtueMart, ecwid, BigCommerce, X-Cart, osCommerce, and ZenCart.
With Plisio you can pool together up to 1000 transactions and get a mass payout saving up to 80% in fees.
→ KYC: No
→ Non-custodial: No
→ Pricing: 0.5% - 1.5%
Pros:
- Easy integration
- Secure
- Altcoin Support
- 24X7 support
Cons:
- Custodial payments
- Not open-source
- No customization
Tomapay
A relatively new crypto payment gateway, Tomapay allows customers to receive payments with zero fees. They offer multiple coin support and even allow stablecoins such as USDT, and USDC.
Tomapay offers plugin integration for WooCommerce plus API.
→ KYC: No
→ Non-custodial: Yes
→ Pricing: 0%
Pros:
- Easy Setup
- 50+ altcoin support
- Private
Cons:
- Less secure: Single BTC address used to receive payments
- Limited plugins - WooCommerce and API
Conclusion
You have multiple options that cater to every need you would possibly need for your eCommerce business and at the same time keep your anonymity and privacy.
For a completely decentralized, anonymous experience, BTCPay Server, Electrum Merchants, and Cashier BTC might be good choices but they require technical knowledge to set up and operate plus their support is not the best.
If you are okay using third-party services then Blockonomics, CoinRemitter, and Plisio are good options as they offer good support and easy integration.
GoURL, Tomapay, and MyCryptoCheckout are good options but only support WordPress and API integrations.
This is a companion discussion topic for the original entry at https://insights.blockonomics.co/top-9-coinbase-commerce-alternatives-for-2022/