CompareBitPay
A BitPay Alternative for Merchants Who Keep Their Crypto
BitPay turns crypto payments into money in your bank. Paymento is non-custodial payment infrastructure that sends each payment straight to your own wallet. The better choice depends on where you want the money to end up.
A customer pays $1,000 in USDT
- BitPay address
- Swept and exchanged
- Your bank account
- An address in your wallet
Paymento Fits Once You Want to Keep the Crypto
If your books run in dollars and you never want to touch an exchange, BitPay is the simpler choice. If you would rather hold crypto, spend it, or convert it on your own terms, the differences below add up quickly.
- The payment lands in your wallet.Not at a BitPay address that is swept and exchanged first.→
- Your customers never sign up.BitPay's help centre describes a log-in and BitPay ID step that may apply.→
- 0.5% instead of 2% + 25¢.Against BitPay's published rate below $500,000 a month.→
- No settlement schedule or minimum.BitPay pays out each business day once your balance passes a minimum.→
BitPay vs Paymento, Side by Side
What each one does with a payment, what it costs, and where BitPay is the stronger pick. A check marks the stronger side of each row.
Last verified 12 October 2026
| Feature | PaymentoEither wallet option | BitPayStandard plan |
|---|---|---|
| Money flow | ||
| What you receiveThe form the money takes when it reaches you. | The crypto your customer paidNo bank payouts or conversion. | Local currency, crypto, or a mix, stronger hereBank deposits in 37 countries and 15 settlement coins.2 |
| Where the payment goesThe first address the customer's funds reach. | Your own wallet, stronger herePaymento never takes custody.7 | A BitPay addressSwept and sent to exchanges to pay merchants.4 |
| When you are paidFrom the customer's payment to money you can use. | On network confirmation, stronger hereTimes vary by chain. Embedded stores settle when you choose. | Every business dayOnce your balance passes a minimum, such as 20 USD.3 |
| Fees | ||
| Merchant feePublished standard rate per payment. | 0.5%, stronger herePlus $0.20 on embedded wallet stores. No monthly fee.7 | 2% + 25¢1.5% + 25¢ from $500,000 a month, 1% + 25¢ from $1,000,000. Higher for high-risk industries.1 |
| Fees for your customerAnything added on top of your price. | None from Paymento, stronger hereOnly their own network fee. | Network Cost fee on BitcoinWhen BitPay's estimate is above 0.01 USD.4 |
| Refund costsWhat it costs you to send money back. | Sent from your own walletValidated on-chain against the order. | Miner fee from your ledgerDeducted from your BitPay balance.9 |
| Checkout and onboarding | ||
| Customer accountWhat the buyer has to create before paying. | Never, stronger hereNo sign-up, profile or verification. | May be requiredIts help centre describes a log-in and BitPay ID step.5 |
| If the customer underpaysWhen slightly less than the price arrives. | You set a tolerance, stronger hereFrom 0% to 5% of the price. | Exact amount requiredFrom wallets without Payment Protocol, or it is refunded.5 |
| Merchant onboardingWhat you hand over to open an account. | No KYC to open an accountYour own legal and tax obligations still apply. | Business verificationIncluding the beneficial owner's name and date of birth, under an established compliance program.61 |
BitPay details from its pricing page and help centre, read 12 October 2026. Paymento details from its published documentation. Network fees are paid to the blockchain and are excluded on both sides.
BitPay Turns Crypto Into Dollars. Paymento Leaves It as Crypto.
BitPay sells your crypto and deposits local currency in your bank every business day, in 37 countries, once your balance clears a minimum. That suits a finance team that never wants to hold coins. Paymento does no conversion: each payment arrives in your own wallet as the coin your customer sent, and what happens next is your call.
Keep dollars on-chain with stablecoins- Paid out
- Every business day
- Paid in
- Local currency, crypto, or a mix
- Minimum
- Such as 20 USD
- Arrives
- On network confirmation
- Paid in
- The coin your customer sent
- Minimum
- None
Your Customer Never Signs Up for Anything
BitPay's help centre says a customer paying an invoice may be asked to log in to or create a BitPay account and complete BitPay ID verification, and that a payment from a wallet without Payment Protocol support must be the exact amount due or it is refunded. Paymento's checkout has no account step, and you choose how much underpayment to accept, from 0% to 5%.
See which coins pay by QR code- Choose BitPay
- Log in or create an account may apply
- BitPay ID if not done before
- Pick a wallet and coin
- Pay
Exact amount required from wallets without Payment Protocol, within a 15-minute window. Bitcoin payers may also be charged a Network Cost fee.
- Choose crypto
- Pick a coin
- Scan the QR or connect a wallet
QR code for Bitcoin-family coins, and for Ethereum and Solana on embedded wallet stores; other chains connect a wallet. Underpayment tolerance up to 5%, set by you.
The Fee Gap Grows With Every Order
Below $500,000 a month, BitPay's published rate is 2% plus 25¢ per payment. Paymento charges 0.5%, plus $0.20 on embedded wallet stores. BitPay's fee includes turning crypto into money in your bank and Paymento's does not, so add your exchange's costs if you convert.
See Paymento's full pricingMonthly fees at a $100 average order
| Volume | BitPay | Paymento | Difference |
|---|---|---|---|
| $10,000100 orders | $225 | $50 | $175 |
| $50,000500 orders | $1,125 | $250 | $875 |
| $250,0002,500 orders | $5,625 | $1,250 | $4,375 |
BitPay at 2% + 25¢. Paymento at 0.5% to your own wallet; an embedded wallet store adds $0.20 a payment ($70, $350 and $1,750). Network fees excluded.
Payment Infrastructure You Wire Into Your Own Stack
Your backend creates a payment request through the REST API and the customer pays on Paymento's hosted checkout. Your callback URL then receives the status, signed with HMAC-SHA256, and a verify endpoint lets your server confirm the payment before it releases the order. On a bring-your-own-wallet store, Paymento sees only public wallet details, never a private key.
Read the API documentation- Your serverCreates a payment request
- Hosted checkoutCustomer pays
- Your callback URLReceives the signed statusHMAC-SHA256 signature header
- Your serverCalls verify, then fulfils
Integrations
- WooCommerce
- WHMCS
- OpenCart
- Payment links
- REST API
Wallet access is an xPub or a public address, or an embedded store only your passkey can authorize.
BitPay or Paymento: Which Should You Choose?
BitPay is the right call if you want local currency in a bank account. For a merchant who wants to keep crypto, Paymento is the stronger pick.
Why merchants pick Paymento
- Every payment lands in a wallet only you control.
- Customers pay without creating an account.
- A 0.5% fee, billed to your balance instead of taken from the payment.
When BitPay is the better choice
- You want every payment settled to your bank in local currency.
- Your finance team never wants to hold or convert crypto.
- You want a processor with its own established KYC and compliance program.
| If this sounds like you | Better fit |
|---|---|
| You want local currency in a bank every business day | BitPay |
| Your accountant never wants crypto on the books | BitPay |
| You want each payment to land in a wallet you control | Paymento |
| Your customers should pay without signing up | Paymento |
| You hold stablecoins and pay suppliers in them | Paymento |
| You process under $500,000 a month and keep the crypto | Paymento |
Moving From BitPay to Paymento
First decide what happens to the crypto: hold it, pay suppliers with it, or convert it through an exchange you choose. Paymento never converts for you.
-
Connect a wallet
Add an xPub for Bitcoin, Litecoin or Dogecoin, or a public address for Ethereum, Solana and Tron. Or create an embedded wallet store protected by your passkey.
Private key requestedNever
-
Test on testnet
Send test payments on Bitcoin testnet, Ethereum Sepolia or Tron Shasta, and check that your callback handler verifies each one.
Test networksBitcoin, Sepolia, Shasta
-
Go live next to BitPay
Add the WooCommerce, WHMCS or OpenCart plugin, or a payment link, alongside BitPay. Compare completed orders, then decide what to keep.
Checkout optionsPaymento and BitPay
BitPay Alternative Questions
Checkout and customers
BitPay's help centre says customers log in to or create a BitPay account to pay an invoice, and complete BitPay ID verification if they have not already. The exact flow may vary, so try a test payment yourself. Paymento customers never create an account.
According to BitPay, it is a separate fee charged to people paying in Bitcoin, covering the cost of sweeping payments from BitPay addresses. BitPay says it applies only when the estimate is above 0.01 USD.
USDT on Ethereum and Tron, and USDC on Solana. On an embedded wallet store, Ethereum and Solana stablecoins are paid by address and QR code with no wallet connection.
Fees and settlement
On published rates, Paymento's 0.5% is lower than BitPay's 2% + 25¢ below $500,000 a month. The products are not equivalent, though: BitPay's fee includes conversion and bank settlement, which Paymento does not provide.
No. You can price in USD or EUR, but you are paid in the cryptocurrency the customer sends, straight to your wallet. Converting to fiat is up to you and the exchange you use.
The payment goes to your wallet and is final once the network confirms it. Confirmation time depends on the chain and how busy it is, so Paymento does not promise a fixed time. There is no settlement schedule on top of that.
Switching
Yes. Paymento is added as its own payment option, through the WooCommerce, WHMCS or OpenCart plugin, a payment link or the API, so it can sit next to an existing gateway while you compare.
Yes. The compare page lists every gateway we have compared, all checked against each company's own published pages.
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Sources & Methodology
Show all 10 referencesHide references
BitPay
Pricing
- Pricing and volume tiersbitpay.com
- The Network Cost fee charged to payers (Help Center)support.bitpay.com
- Processing fees and refund miner fees (Help Center)support.bitpay.com
Settlement & custody
- Settlement options: bank, crypto or a mix (Help Center)support.bitpay.com
- When merchant settlements occur, and minimums (Help Center)support.bitpay.com
Documentation
Legal & policies
Paymento
Pricing
Integrations
Documentation
Competitor details come only from each company's own pricing, help-centre, documentation and legal pages, read on the date above. Numbers in the comparison link to these references. If something is out of date, tell us and we will correct it.
