Starting an online business has never been easier. Setting up a store has been simplified over time, and most merchants opt for e-commerce platforms that offer the underlying infrastructure. Woocommerce is the most popular solution, claiming 36% of the market share.
Woocommerce is free to download for WordPress websites. It is also customizable thanks to thousands of plugins that merchants can integrate. Among them, we also find numerous Woocommerce crypto payments plugins.
This article takes an objective look at the best Woocommerce crypto payments plugins. We compare the most popular options to help you choose the best solution for your store. We also go through the selection criteria that merchants need to remember when making a choice.
Overview of the best Woocommerce crypto payments plugins
The table below outlines the best crypto plugins and their features.
Woocomerce Crypto Payments Plugins
The plugins illustrated above are explained in more detail in the following paragraphs. Note that the score of each option reflects multiple touchpoints discussed later in the article.
Overall score: ★★★☆☆
Coingate offers one of the most popular Woocommerce crypto payments plugins. The processor has been around for almost a decade and is often the go-to choice for merchants.
The payments gateway accepts many L1s, as well as lightning network transactions. While this is great for Bitcoin “maxis”, it can be somewhat limiting for users dealing with stablecoins on popular L2s, like Arbitrum or Polygon.
User experience: In terms of user experience, the Coingate plugin is definitely not a favorite. Orders still require the archaic copy-pasting of the deposit wallet, or the scanning of a QR code directly from the private wallet. First-time transactions also require KYC, which can add 1-2 days to the process, making it unnecessarily time-consuming.
Merchant experience: From the merchant’s side, the feelings are mixed. While there’s a positive sentiment around the overall experience, a good-looking dashboard, and responsive customer support, there have been many complaints about the extensive documentation required to open an account.
Pricing: The fee structure is competitive, being priced at 1% for all crypto transactions. There’s an additional 1% fee on crypto-to-fiat or crypto-to-crypto swaps from the merchant’s side. Withdrawal pricing varies and is best reviewed here.
| PROS | CONS |
| Great customer support teamWell-structured invoicing system | Extensive documentation requirements during the onboarding process.Periodical delays in order purchases may affect purchase tracking analytics. |
BitPay
Overall score: ★★★☆☆
BitPay is another popular Woocommerce crypto payments gateway that is trusted by many well-known brands. The BitPay WordPress plugin accepts a variety of tokens from multiple L1 chains but no Ethereum L2s. In one sentence, we’d say that BitPay is a formerly great gateway that has succumbed to restrictive regulations and demonstrates a lack of alignment with its users.
User experience: The following video outlines the transaction process from the user side. The process doesn’t seem to have been simplified over time. Users still need to confirm transactions manually by going to their wallets and copy-pasting all the required information. Aside from that, user KYC is mandatory.
Merchant experience: BitPay is a convenient option, as it simplifies several processes that would otherwise be complex (or time-consuming). For example, payment structures have many custom parameters, and sales can be exported into QuickBooks. Also, daily bank settlements are possible in multiple currencies, as long as the threshold is reached. For merchants too, KYC is required.
Pricing: The transaction pricing is somewhat higher than other options in this list, sitting at 1-2% +0.25c per transaction. However, settlement to the merchant’s bank account is free, but only possible once a (high) threshold is reached.
| PROS | CONS |
| Many custom parametersDaily bank settlementsImport sales history in accounting software | Customer service can be slow/understaffedMerchant mobile interface is not user-friendlyPOS application is complex and hard to set upHigh withdrawal threshold |
Learn more: Check the BitPay docs for more.
Coinbase Commerce
Overall score: ★★★☆☆
Coinbase Commerce is oftentimes the first option merchants think of when researching Woocommerce crypto payments plugin options. Being a “household name” makes Coinbase a frontrunner, but there are several factors to consider with this one.
User experience: Experience is great if your potential customers are registered on Coinbase. Merchants can add a “Pay with Coinbase” button that makes the experience very convenient. However, if buyers aren’t registered on the exchange, the whole experience is average at best.
Merchant experience: Coinbase offers certain features that make buyer segmentation easier. For example, they can request specific data from their customers upon checkout. With Coinbase Commerce you can store your funds either on Coinbase.com (custodial) or Coinbase Wallet (non-custodial). Hence, custody becomes optional.
Pricing: Transparent fee of 1% per transaction.
| PROS | CONS |
| Easy to set up for businesses and charitiesFewer chargebacks than other crypto-to-fiat processorsSimplified payment button for Coinbase usersHigh safety reflected through multiple security confirmation | Occasional withdrawal issuesCustomer support response timesMerchant mobile interface is not user-friendlyLimited supported tokens |
Learn more: Check the Frequently Asked Questions of the official page.
Mycryptocheckout
Overall score: ★★★★☆
Mycryptocheckout is a P2P plugin that shows several improvements upon the industry-leading options. The plugin allows users to pay in all major L1 chains and supports 76 tokens in total. However, it does not support L2s, which is somewhat important for plugins that handle crypto-to-crypto transactions.
User experience: The buyer’s journey is better than Coingate and BitPay. While the process is somewhat identical to the aforementioned options, customers can also pay via one-click open wallet that uses a standardized BIP 0021 URI scheme. You can test out the plugin from the customer side through the Demo store.
Merchant experience: Minimalistic and very simple. KYC and business documentation is not required. The only thing needed is the private wallet(s) of the merchant, which are added in dedicated fields when setting up the plugin. If fiat autosettlement is enabled, Bittrex and/or Binance will require identity verification.
Pricing: There are zero fees, and all merchants are entitled to five free payments/purchases per month. If this amount is exceeded, they need to purchase a license that costs $39 per year. This pricing model is one of the best in the list, as it is more predictable and scalable than other options.
| PROS | CONS |
| Optional markup or a discount for cryptocurrency paymentsPredictable pricing modelNo KYC required | No support for L2sSomewhat complex transaction process for P2P plugin option |
Read more: Check the installation docs.
Sprintcheckout
Overall score: ★★★★★
Sprintcheckout is a newer Woocommerce crypto payments plugin that aims to resolve the complexities and limitations of crypto payment gateways. It is one of the more well-rounded plugins on this list and a great option for emerging and developing markets.
User experience: What makes Sprintcheckout a great option is its customer-centric focus. The app is built for today’s crypto consumers, as it supports all popular L2s. Buyers pay in stablecoin across multiple EVM chains, without going through KYC. The transaction process only requires one signature from the user’s wallet, making payments a one-click process. It’s easy to see that the plugin is optimized for user experience, something that most alternatives overlook but most merchants need.
Merchant experience: Speaking of merchants, the dashboard is easy to self-navigate, and KYC is not necessary unless autosettlement is enabled. There are many payment customization features, like recurring automated payments, loyalty structures, and others. Since the app is relatively new, the core team is directly available and happy to assist with the plugin’s setup.
Pricing: In terms of pricing, there is a standard 0,9% fee on all transactions, which is very competitive.
| PROS | CONS |
| Great customer experience One-click payments through a private walletMany customization featuresDirect communication with the core team | Does not support major L1s |
Read more: Book an intro call with the team or check the docs.
Depay
Overall score: ★★★★☆
DePay is also a P2P plugin that confirms payments directly through the user’s wallet, making it similar to Sprintcheckout. We compare the two later in the article to discover the best crypto-to-crypto plugin.
User experience: The DePay plugin offers a better customer experience than most options on this list. The payment happens directly on the merchant’s store from the buyer’s wallet, without redirects or complex processes. The video on this page goes through the payment process step by step.
Merchant experience: From the merchant side, the dashboard is very minimalistic. The available payment options make the plugin very flexible, and there are many design customizations to consider. The only drawbacks here are the limitation to single payments, as well as the inability to export the history of transactions.
Pricing: The pricing has a flat rate of 1.5% per transaction, which is higher than most competitors. However, the supported chains seem to balance this out.
| PROS | CONS |
| Supports common L2s and L1sDirect payments through the buyer’s wallet | While there is a detailed payment log, there’s no way to export it.Only supports one-time paymentsHigher fees than competitors |
Read more: DePay WooCommerce Docs
Binance Pay
Overall score: ★★★★☆
Binance Pay started as an easy way to send crypto between users of the exchange. Over time, it expanded to Woocommerce stores as a solution for merchants. Our rating reflects the overall experience with the plugin, but there are many things to consider with this one.
User experience: If you’re a Binance user, Binance Pay is probably the easiest way to pay online. This is especially true for mobile users who use the app on a regular basis. Non-Binance users won’t be able to use this option, narrowing the scope of adopters to a more niche audience.
Merchant experience: The Binance Pay Merchant dashboard is very easy to use if you’ve been using a Binance account previously. Even if not, it’s quite easy to get a hang of, and the possibilities certainly make up for it. There are different types of payment options, including direct debit, invoicing, and even profit sharing (for commission-based work or shareholder distribution). Another exclusive benefit of this plugin is the potential listing in the Binance Marketplace, tapping into nearly 7 million Pay users. Overall, this Woocommerce crypto payments plugin only makes sense if your target audience is primarily found on Binance.
Pricing: There are no fees but that’s because transactions happen between Binance Pay wallets, which is a limiting factor in terms of user base. Transactions that exceed a certain volume on a month-over-month basis may be charged a small additional fee.
| PROS | CONS |
| Get listed in the Binance marketplaceNo chargebacks – only refunds at the discretion of the merchantHighly customizable in terms of payment structure | Orders above a certain threshold must be paid in the settlement currencyCan cater to Binance Pay users onlyBinance’s current regulatory challenges make this option riskier |
Read more: Binance Merchant Pay Docs
Selection criteria for plugin choice
Woocommerce Crypto payments plugins can be grouped into segments based on their features. Having more or fewer features does not necessarily make a plugin better. Your choice should follow the structure of your business, as well as the regulatory frameworks you are asked to comply with.
Crypto-to-Fiat vs Crypto-to-Crypto plugins
Crypto-to-Fiat gateways accept crypto from the customer, sell it at the current market rate, and deliver fiat to the merchant’s bank account. This option is often preferred by merchants who want to open up their business to a crypto-friendly audience but prefer not to deal with crypto (or a confused accountant).
Crypto-to-crypto plugins, also known as P2P plugins accept crypto from the customer side and deliver it directly to the merchant’s wallet, in a P2P fashion. By doing so there is no need for KYC, fees are generally lower, and numerous complexities are simplified.
While most merchants may think that crypto-to-crypto plugins are riskier, the truth lies somewhere in the middle. The risky factor lies in their non-custodial nature, meaning that you are responsible for your wallet. If access to the wallet is lost, there’s no third party to help you out. However, they are not risky in terms of market volatility, since transactions can be made using stablecoins, and fiat autosettlement can be optionally enabled.
KYC vs non-KYC plugins
When KYC is required, both customers and merchants need to be verified to use the plugin. The extent to which customer verification is required depends on the (ever-changing) laws and regulations of a particular region. For example, EU-based Bitpay customers were initially required to verify their identity for all transactions but now only need to do so for transactions that exceed 1000 Euros.
Non-KYC plugins do not require identity verification from customers and merchants. However, when fiat autosettlement is enabled, the settlement partner will require verification.
When KYC is optional, the extent of limitations varies per plugin and is usually meant for the customer side. Both Binance Pay and Coinbase Commerce require merchants to verify their accounts. It is best to carefully read through the documentation of such plugin providers and even reach out to their customer support if needed.
Customer experience
Customer experience is probably the most important factor when making a choice. A lower quality (average) customer experience usually requires users to go through more steps during the checkout process. For example, users may need to scan a QR code on the screen, manually copy-paste their address when making a payment, or go through KYC.
The plugins that offer the best customer experience are the ones where checkout happens very fast. For example, Sprintcheckout enables customers to pay with one click, as they confirm the access and transaction in one signature, directly from their wallet. Better customer experience is reflected in fewer abandoned carts, which in turn leads to more sales.
Custodial vs non-custodial
Custodial plugins store the merchant’s funds in wallets that are accessible by third parties. This is beneficial on one hand, as merchants will have customer support agents helping them out in case of issues. However is can also be detrimental. Third parties can take long to process withdrawals, limit access to the funds, or freeze them at will.
Non-custodial plugins store the merchant’s funds in a wallet that only the latter controls. The funds are only accessible by the merchant, which gives them more freedom, but it also means that there’s no one to assist in case access to the wallet is lost.
With Coinbase Commerce you can store your funds either on Coinbase.com (custodial) or Coinbase Wallet (non-custodial). Hence, custody is optional.
Supported chains & tokens
The number of supported chains does not make one plugin better than another; more flexible perhaps. Here, it is important to consider your target customer. Are you selling tickets to a Bitcoin conference? Then it’s best to go with Coingate or Bitpay. Are you selling merch of an Arbitrum-based NFT project? Then it’s probably best to pick Sprintcheckout.
Ideally, you should cross-examine the supported chains with the types of payments the plugin supports. The choice, again, depends on the merchant. For example, let’s take a trader who’s selling a course about Binance Futures. The buyers of the course pay a monthly subscription payment. The plugin that makes the most sense here is Binance Pay, even if other options support BEP-20 payments. Non-Binance users will anyway need to create a Binance account for the course and the merchant could monetize from additional streams, like ref link signups.
What is the best Woocommerce crypto payments plugin?
There is no one answer to this question. While some categories of plugins pose significant advantages over others, you will need to make a choice based on the needs of your audience, and the flexibility of your business.
Based on hundreds of merchant reviews, we often see that crypto-to-fiat plugins tend to have a more tedious registration process, somewhat limiting payment options, and a basic inability to understand the needs of today’s cryptocurrency consumer. This is reflected in the buying process, which in turn becomes unnecessarily complex.
P2P crypto plugins simplify the buying process, making transactions possible in today’s popular Ethereum L2 chains. While dubbed “crypto-to-crypto”, these plugins offer fiat autosettlement, which makes them equally good to their competitors on that particular front. Based on the above, Depay and Sprintcheckout qualify as the leading options.
Best P2P plugin – Depay vs Sprintcheckout
There are a few differences to consider when making a choice here. First, the number of clicks needed to complete a transaction is less on Sprintcheckout, as the access and confirmation requests are paired in one signature. DePay requires two separate signatures as seen here.
Second, the type of payments seems somewhat limited in DePay compared to Sprintcheckout. The former only supports one-time payments while the latter supports automated recurring payments and rewards structures.
Another difference lies in the supported chains. While Sprintcheckout supports more Ethereum L2s, DePay supports the popular L2s and certain L1s.
Also, fees are higher on Depay (1.5%) compared to Sprintcheckout (0.9%). From a practical standpoint, Sprintcheckout is the better option, as it provides a better customer experience and a cheaper commission structure.
Summing up
Woocommerce crypto payments plugins are best compared when taking the merchant’s store, audience, and individual requirements into consideration. In other words, the context that determines the winner.
We identified the most popular options in the market and offered resources for further reading. We compared the pros and cons while giving a structured approach when it comes to the selection process.
From an objective standpoint, P2P crypto processors are the better option. They are built for today’s crypto consumer and improve upon many of the issues often seen with crypto-to-fiat gateways.
